Ka Wai Ola - Office of Hawaiian Affairs, Volume 21, Number 6, 1 June 2004 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

COMBINED BALANCE SHEET AS OF FEBRUARY 29, 2004

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDING FEBRUARY 29, 2004

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Account Funds Groups ASSETS: Petty Cash S 10,000.00 Cash in State Treasury 9,002,214.53 Cash held outside of State Treasury 9,243,81 1 .05 Accounts Receivable 91,303.49 Interest & Dividends Receivable 260,463.37 Notes Receivable 16,939,982.27 Allowance for Doubtful Accounts (4,783,074.42) Prepaid Expenses 284,130.09 Security Deposit 47, 1 87.07 NHTF Investments (Market Value) 329,703,928.08 NHRLF Investments (Market Value) 22,586,398.01 NHRLF Premium (Discount) Carrying 93,613.39 Accrued Interest Paid - Bond Purchase 10,735.94 Land S 84,100.00 Building 1,041,303.96 Leasehold Improvements 389,337.02 Furniture, Software & Equipment 3,073,979.69 Artwork 10,000.00 Prov for Accrued Vacation & Comp Time 584,729.84 Prov for Est Claims & Judgements 460,026.00 Total Assets $ 383,490,692.87 $ 5,643,476.51 LIABILITIES: Accounts and Other Payables S 291,208.22 Due to State of Hawaii 1 10,000.00 Accrued Vacation & Comp Time S 584,729.84 Estimated Claims & Judgements 460,026.00 Total Liabilities $ 401,208.22 $ 1,044,755.84 FUND BALANCE: Investment in Fixed Assets S 4,598,720.67 Reserve for Encumbrances S 5,245,903.74 Reserve for Prepaid Exp & Sec Deposit 349,386.44 Reserve for Notes Receivable 12,440,359.56 Unreserved Fund Balance 365,053,834.91 Total Fund Balance $ 383,089,484.65 $ 4,598,720.67 Total Liabilities & Fund Balance $ 383,490,692.87 $ 5,643,476.51

Total Funds REVENUES: General Fund Appropriations S 2,532,647.00 Public Land Trust 4,708,746.06 Dividend & Interest Income 2,651,523.73 Hawaiian Rights Fund 5,869.92 Federal and Other Grants 131,515.80 Newspaper Ads 31,440.53 Donations and Other 43,076.10 Nonimposed Fringe Benefits 87,792.70 T otal Revenues S 1 0, 1 92,6 1 1 . 84 EXPENDITURES: Current Programs: Board of Trustees $ 1,184,126.88 Support Services 5,698,45 1 .46 Benei iciary Advocacy 3, 64 1,886.12 Total Expenditures S 10,524,464.46 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $ (331,852.62) OTHER FINANCING SOURCES (USES): Realized Gain(Loss) on Sale of Investments S 14,477,624.52 Unrealized Gain(Loss) on Investments Held 25,475,290.30 Lapse of Cash to State General Fund (12,276.71) Total Other Financing Sources/(Uses) S 39,940,638.11 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES $ 39,608,785.49 Fund Balance, Beginning of Year 343,480,699.16 Fund Balance, End of Period $ 383,089,484.65