Ka Wai Ola - Office of Hawaiian Affairs, Volume 20, Number 8, 1 ʻAukake 2003 — Page 17 Advertisements Column 1 [ADVERTISEMENT]

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COMBINED BALANCE SHEET AS OF MAY 31, 2003 (FY-2003) ASSETS FUNDS ACCOUNT GROUPS Petty cash $ 10,000.00 Cash in state treasury 8,839,404.56 Cash held outside of state treasury 14,997,729.57 Interfund assets 0.00 Accounts receivable 20,635.08 Interest and dividends receivable 514,620.37 Notes receivable 17,881,380.62 Allowanee for doubtful accounts (5,451,899.23) Prepaid expenses 328,193.79 Security deposit 47,187.07 NHTF investments (market value) 271,298,279.65 NHTF premium (discount) carrying 2,815,180.28 NHRLF investments (market value) 22,260,259.54 NHRLF premium (discount) carrying 156,951.90 Accrued interest paid - bond purchase 198,1 10.43 Land $84,100.00 Building 1,041,303.96 Leasehold improvements 375,337.02 Furniture, software & equipment 2,146,855.12 Artwork 10,000.00 Prov for LT debt - oper lease rent 766,765.71 Prov for accrued vacation and eomp time 555,797.66 Prov for est claims and judgements 548,535.00 TOTAL ASSETS $333,916,033.63 $ 5,528,694.47 LIABILITIES Accounts and other payables $ 3,599.242.37 Due to State of Hawaii 1 10,000.00 Operating lease rents 766 765 71 Accrued vacation and eomp time 555 797 66 Estimated claims and jdgements 535 qq TOTAL LIABILITIES $3,709,242.37 $ 1,871,098.37 Fund Balance: Investments in fixed assets $ 3,657,596.10 Reserve for encumbrances $ 5,773,590.44 Reserve for prepaid exp and sec deposit 660,693.29 Reserve for notes receivable 12,508,050.36 Unreserved fund halanee 311,264,457.17 Total Fund Balance $ 330,206,791.26 $ 3,657,596.10 TOTAL LIABILITIES AND FUND BALANCE $ 333,916,033.63 $ 5,528,694.47

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FORTHE PERIOD ENDING MAY 31, 2003 REVENUES TOTAL FUNDS General fund appropriations $ 2,532,663.00 Public land trust 6,601,784.25 Dividend and interest ineome 8,249,458.89 Hawaiian rights fund 14,441.16 Federal and other grants 301,355.25 Newspaper ads 41,932.61 Donations and other 150,475.55 Nonimposed fringe benefits 143,107.15 TOTAL REVENUES $ 18,035,217.86 EXPENDITURES Current Programs: Board of Trustees $ 1,303,372.64 Support Services 6,041,283.99 Beneftciary Advocacy 4,607,549.20 TOTAL EXPENDITURES $ 11,952,205.83 EXCESS (deficiency) of revenues over expenditures $ 6,083,012.03 OTHER FINANCING SOURCES (USES) Reabzed gain (loss) on sale of investments (24,508,180.82) Unreabzed gain (loss) on investments held 32,115,909.92 Non-imposed fringe expense (143,107.15) NHLC retained portion (3,280.43) Bad debt expense (73,455.63) Operating transfers 0.00 Lapse of cash to state general fund (3,829.57) Investment manager fees (812,612.61) TOTAL OTHER FINANCING SOURCES (USES) 6,571,443.71 EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses 12 654 455.74 FUND BALANCE, BEGINNING OF YEAR $ 317,552,335.52 FUND BALANCE, END OF YEAR $ 330,206,791.26

He Hawai'i 'Oe? Housing for eligible elderly persons of Hawaiian ancestry Affordable rental units now available in serene Waimānalo Partly Furnished 1 Bedroom, 1 Bath Garden Units Rent starts from $303 per month with first month FREE on a limited time basis Call today for information: 738-3100 or to view a unit, 426-1400 Kulanakauhale Maluhia O Nā Kūpuna 41-209 Ilauhole Street, Waimānalo A collaborative premier partnership project: I t « Office of Hawaiian Affairs, Department of Hawaiian ' ^ Home Lands, Alu Like, Prudential Locations LLC, and Pacific Housing Assistance Corporation |