Ka Wai Ola - Office of Hawaiian Affairs, Volume 21, Number 2, 1 February 2004 — OHA FINANCIAL REPORT [ARTICLE]

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OHA FINANCIAL REPORT

COMBINED BALANCE SHEET AS OF SEPTEMBER 30, 2003 (FY-2004)

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDING SEPTEMBER 30, 2003

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ASSETS FUNDS ACCOUNT GROUPS Petty cash $ 10,000.00 Cash in state treasury 10,746,619.29 Cash held outside of state treasury 9,101,580.47 Accounts receivable 4,412,727.60 Interest and dividends receivable 177,344.31 Notes receivable 17,577,908.71 Allowance for doubtful accounts (4,663,794.98) Prepaid expenses 284,130.09 Security deposit 47,187.07 NHTF investments (market value) 297,390,023.20 NHRLF investments (market value) 22,373,274.06 NHRLF premium (discount) carrying 136,886.44 Accrued interest paid - bond purchase 17,337.69 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 $ 357,611,223.95 $ 5,625,127.14 LIABILITIES Accounts and other payables j 2 612 846 68 Due to State of Hawaii jqg qqq qq Accrued vacation and comp time 584,729.84 Estimated claims and judgements 460,026.00 TOTAL LIABILITIES $ 2,722,846.68 $ 1,044,755.84 FUND BALANCE Investments in fixed assets $ 4,580,371.30 Reserve for encumbrances $ 3,493,830.89 Reserve for prepaid exp and sec deposit 437,427.32 Reserve for notes receivable 13,080,469.64 Unreserved fund balance 337,876,649.42 Total Fund Balance 354,888,377.27 $ 4,580,371.30 TOTAL LIABILITIES / FUND BALANCE $ 357,6 1 1 ,223.95 $ 5,625,127.14

REVENUES TOTAL FUNDS General fund appropriations $ 2,532,647.00 Public land trust 2,379,027.68 Dividend and interest income (24,564.16) Hawaiian rights fund 0.00 Federal and other grants 69,423.31 Newspaper ads 10,220.36 Donations and other 1 1 ,582 .67 Nonimposed fringe benefits 45,473.95 TOTAL REVENUES $ 5,023,810.81 EXPENDITURES Current Programs: Board of Trustees $ 526,759.54 Support Services 1,578,354.42 Beneficiary Advocacy 746 179 91 TOTAL EXPENDITURES $ 2,851,293.87 EXCESS (deficiency) of revenues over expenditures $ 2,172,516.94 OTHER FINANCING SOURCES (USES) Realized gain (loss) on sale of investments 1,886,805.32 Unrealized gain (loss) on investments held 7,360,632.56 Lapse of cash to State General Fund ( 12,276.71 ) TOTAL OTHER FINANCING SOURCES (USES) $ 9,235,161.17 EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ 11,407,678.11 Fund balance, beginning of year $ 343,480,699.16 FUND BALANCE, END OF YEAR $ 354,888,377.27