Ka Wai Ola - Office of Hawaiian Affairs, Volume 19, Number 1, 1 Ianuali 2002 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

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ASSETS, LIABILITIES AND FUND EQUITY ASSETS FUNDS ACCOUNT GROUPS Cash in State Treasury $ 1 1 ,154,024 Cash in outside accounts 9,645,360 Accounts/other receivables 54,957 Notes receivable, net of allowanee for doubtful aeeou nts of $4 J5 92 ,324 1 5 ,764 ,5 02 Interest/dividends receivable 1,695,883 Interfund ieceivable 1,550,801 Prepaid expenses and security deposits 379,222 Investments 304,296,571 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 ♦ Estimatedclaims and judgments 460,026 ♦ Operating lease rents/capital lease 728,822 TOTAL ASSETS $344,541,322 $4,902,755 LIABILITIES AND FUND EQUITY Liabilities: Due to state $ 1 10,000 Accounts/other payables 2,494,560 Inter-fund payable 1 ,550,801 Vacation benefits/comp, time off $532,128 Operating lease rents 696,420 Estimated claims and judgments 460,026 Capital lease obligation 32,402 TOTAL LIABILITIES $ 4,155,361 $1,720,976 Fund Equity: Investments in fixed assets $3,181 ,779 Fund balance ♦ Reser\'ed $ 21,132,662 ♦ Designated 57,447,967 ♦ Undesignated 261,805,332 Total Fund Equity $340,385,960 $3,181,779 TOTAL LIABILITIES AND FUND EQUITY $344,541,322 $4,902,755

REVENUES, EXPENDITURES, CHANGES IN FUND BALANCES REVENUES State general fund appropriations j 2 619 663,00 Public land trust g 534 55 Dividend and interest ineome 3 532 700 72 Native Hawaiian Rights Fund 3 ^57 ^7 Federal and other grants j Q7g gqg j4 Newspaper ads, donations, other revenues jg 375 02 Non-imposed fringe benefits ^5 45g 5g Hawaiian Projects Fund ' ' q TOTAL REVENUES $ 7.292,638.98 EXPENDITURES Current programs: ♦ Board of Trustees j ^52 573 23 ♦ Administration j 457 ^57 g5 ♦ Program Systems j ' 195'432 17 ♦ Hawaiian Rights 70739o!45 TOTAL EXPENDITURES $ 4,313,153.68 EXCESS (deficiency) of revenues over expenditures $ 2,979,485.30 OTHER FINANCING SOURCES (USES) Realized gain on sale of investments $ (6,625,847,09) Netincrease (decrease) in unrealized gain (loss) on investments held (15,927,373,25) Lapse of cash to State General Fund (737,79) TOTAL OTHER FINANCING SOURCES (USES) $ (22,553.958,13) EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ (19,574,472.83) FUND BALANCE, BEGINNING OF PERIOD $359,960,432.92 FUND BALANCE. ENP OF PERIOD $340,385,960.09

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