Ka Wai Ola - Office of Hawaiian Affairs, Volume 19, Number 3, 1 April 2002 — Page 13 Advertisements Column 1 [ADVERTISEMENT]

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COMBINED BALANCE SHEET AS OF JANUARY 31, 2002 ASSETS FUNDS ACCOUNT GROUPS Cash in State Treasury $ 7,004,102 Cash in outside accounts 14,688,759 Accounts/other receivables 1,999,491 Notes receivable, net of allowanee for doubtful accounts of $4,241,653 15,683,763 Interest/dividends receivable 1 ,99 1 ,823 Interfund receivable 3,433,917 Prepaid expenses and security deposits 423,549 Investments at FMV: Native Hawaiian Trust Fund 288,279,421 Native Hawaiian Revolving Loan Fund 16,564,726 Land/building $1,125,404 Leasehold improvements 538,405 Machinery, equipment, furniture, fixtuies 1,512,793 Provided for payment of: Vacation benefits/comp time off 536,018 Estimated claims and judgments 460,026 Operating lease rents/capital lease 28,252 TOTAL ASSETS $350,069,551 $4,200,898 LIABILITIES AND FUND EQUITY Liabilities: Due to state $ 110,000 Accounts/other payables 640,868 Inter-fund payable 3,433,917 Vacation benefits/comp. time off $536,018 Operating lease rents Estimated claims and judgments 460,026 Capital lease obligation 28,252 TOTAL LIABILITIES $ 4,184,785 $1,024,296 Fund Equity: Investments in fixed assets $3,176,602 Fund balance Reserved $ 18,892,742 Designated 56,037,220 Undesignated 270,954,804 Total Fund Equity $345,884,766 $3,176,602 TOTAL LIABILITIES AND FUND EQUITY $350,069,551 $4,200,898

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FORTHE SEVEN MONTHS ENDED JANUARY 31, 2002 REVENUES State general fund appropriations $ 2 619 663 Public land trust g 535 Dividend and inteiest ineome 6 922 369 Native Hawaiian Rights Fund 4 533 Federal and other grants j 039 345 Newspaper ads, donations, other ievenues 41 q32 Non-imposed fringe benefits 55 Hawaiian Projects Fund 0TOTAL REVENUES $ 10,693,260 EXPENDITURES Current programs: Board of Trustees $ 1,644,796 Administration 2,834,109 Program Systems 1,781,103 Hawaiian Rights 1,334,891 TOTAL EXPENDITURES $ 7.594,899 EXCESS (deficiency) of revenues over expenditures $ 3,098,361 OTHER FINANCING SOURCES (USES) $ (g 3Q3 Q47) Realized gain on sale of investments (7'868'o72) Net increase (decrease) in unrealized gain (loss) on investments held ' ^02^) Lapse of cash to State General Fund ! TOTAL OTHER FINANCING SOURCES (USES) * $ (16,181,382a EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ (13,083,021) FUND BALANCE, BEGINNING OF PERIOD $ 358,967,787 FUND BALANCE, END OF PERIOD $ 345,884,766