Ka Wai Ola - Office of Hawaiian Affairs, Volume 18, Number 12, 1 December 2001 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

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ASSETS, LIABILITIES AND FUND EQUITY

REVENUES, EXPENDITURES, CHANGES IN FUND BALANCES

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ASSETS FUNDS ACCOUNT GROUPS Cash in State Treasury $ 7,551,780 Cash in outside accounts 12,448,840 Accounts/other receivables 58,487 Notes receivable, net of allowance for doubtful 15,892,671 accounts of $4,542,004 Interest/dividends receivable 1,573,855 Interfund receivable 1,069,737 Prepaid expenses and security deposits 366,369 Investments 295,173,132 Land/building $1,125,404 Leasehold improvements 538,405 Machinery, equipment, furniture, fixtures 1,517,970 Provided for payment of: • Vacation benefits/comp time off 532,128 • Estimated claims and judgments 460,026 • Operating lease rents/capital lease 779,399 TOTAL ASSETS $334,134,871 $4,953,332 LIABILITIES AND FUND EQUITY Liabilities: Due to state $ 110,000 Accounts/other payables 1,374,783 Inter-fund payable 1,069,737 Vacation benefits/comp. time off $532,128 Operating lease rents 742,848 Estimated claims and judgments 460,026 Capital lease obligation 36,551 TOTAL LIABILITIES $ 2,554,520 $1,771,553 Fund Equity: Investments in fixed assets $3,181,779 Fund balance •Reserved $ 20,415,749 • Designated 57,447,967 •Undesignated 253,716,635 Total Fund Equity $331,580,351 $3,181,779 TOTAL LIABILITIES AND FUND EQUITY $334,134,871 $4,953,332

REVENUES State general fund appropriations $ 2,619,663 Public land trust g 535 Dividend and interest income 2 330 179 Native Hawaiian Rights Fund 2 988 Federal and other grants 7g 393 Newspaper ads, -donations, other revenues 23 345 Non-imposed fringe benefits 23 904 Hawaiian Projects Fund ' 70 TOTAL REVENUES $ 5.074.082 EXPENDITURES Current programs: • Board of Trustees $ 324 599 J •Administration 1 093 177 • Program Systems 860364 • Hawaiian Rights 620 483 TOTAL EXPENDITURES $ 3,398,623 EXCESS (deficiency) of revenues over expenditures $ 1,675,459 OTHER FINANCING SOURCES (USES) Realized gain on sale of investments $ (6,583,198) Net increase (decrease) in unrealized gain (loss) on investments held (23,471,605) Lapse of cash to State General Fund (738) TOTAL OTHER FINANCING SOURCES (USES) $ (30,055,541) EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ (28,380,082) FUND BALANCE, BEGINNING OF PERIOD $359, 960, 433 FUND BALANCE, END OF PERIOD $331,580,351