Ka Wai Ola - Office of Hawaiian Affairs, Volume 21, Number 1, 1 Ianuali 2004 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

COMBINED BALANCE SHEET AS OF JUNE 30, 2003 (FY-2003)

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FORTHE PERIOD ENDING JUNE 30, 2003

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ASSETS FUNDS ACCOUNT GROUPS Petty cash $ 10,000.00 Cash in state treasury 19 547 343 jq Cash held outside of state treasury \ \ 47o 777 63 Interfund assets q qq Accounts receivable gg 410 24 Interest and dividends receivable 1 041 575 32 Notes receivable 17 744 264 62 Allowance for doubtful accounts (4 663 794 98 ) Prepaid expenses 249 244 17 Security deposit 47 157 07 NHTF investments (market value) 274 489 830 70 NHTF premium (discount) carrying 2 790 271 28 NHRLF investments (market value) 22 301 183 05 NHRLF premium (discount) carrying 15g 306 50 Accrued interest paid - bond purchase 140 996 08 Land ' $ 84,100.00 Building 1,041,303.96 Leasehold improvements 389,337.02 Furniture, software & equipment 3,055,630.32 Artwork 10,000.00 Prov for accrued vacation and comp time 584,729.84 Prov for est claims and judgements 460,026.00 TOTAL ASSETS $ 345,514,066.38 $ 5,625,127.14 LIABILITIES Accounts and other payables g 1 923 367 22 Due to State of Hawaii ho qqq qq Accrued vacation and comp time g^ Estimated claims and judgements 460 026 00 TOTAL LIABILITIES $ 2,033,367.22 $ 1,044,755.84 Fund Balance: Investments in fixed assets $ 4,580,371.30 Reserve for encumbrances $ 3,532,760.38 Reserve for prepaid exp and sec deposit 437,427.32 Reserve for notes receivable 13,080,469.64 Unreserved fund balance 326,430,041.82 Total Fund Balance $ 343,480,699.16 $ 4,580,371.30 TOTAL LIABILITIES AND FUND BALANCE $ 345,514,066.38 $ 5,625,127.14

REVENUES TOTAL FUNDS General fund appropriations $ 2,532,663.00 Public land trust 17,543,803.85 Dividend and interest income 8,904,795.01 Hawaiian rights fund 28,984.82 Federal and other grants 361,188.27 Newspaper ads 44,696.14 Donations and other 158,557.88 Nonimposed fringe benefits 150,815.49 TOTAL REVENUES $ 29,725,504.46 EXPENDITURES Current Programs: Board of Trustees $ 903,139.29 Support Services 7,905,438.36 Beneficiary Advocacy 5,620,710.02 TOTAL EXPENDITURES $ 14,429,287.67 EXCESS (deficiency) of revenues over expenditures $ 15,296,216.79 OTHER FINANCING SOURCES (USES) Realized gain (loss) on sale of investments (20,931,684.65) Unrealized gain (loss) on investments held 31,630,120.25 Lapse of cash to State General Fund (66,288.75 ) TOTAL OTHER FINANCING SOURCES (USES) $ 10,632,146.85 EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ 25 928 363.64 Fund balance, beginning of year $ 317,552,335.52 FUND BALANCE, END OF YEAR $ 343,480,699.16