Ka Wai Ola - Office of Hawaiian Affairs, Volume 21, Number 8, 1 August 2004 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

COMBINED BALANCE SHEET AS OF MAY 31, 2004

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FOR THE PERIOD ENDING May 31, 2004

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Account Funds Groups ASSETS: Petty Cash 10,000.00 Cash in State Treasury 12,038,990.80 Cash held outside of State Treasury 5,580,641.88 Interfund Assets 0.00 Accounts Receivable 29 1 ,0 1 4. 89 Interest & Dividends Receivable 298,405.38 Notes Receivable 16,405,790.89 Allowance for Doubtful Accounts (4,86 1 ,680. 1 3) Prepaid Expenses 284,130.09 Security Deposit 47,1 87.07 NHTF Investments (Market Value) 324,475,848.26 NHTF Premium (Discount) Carrying 0.00 NHRLF Investments (Market Value) 22,342,057.09 NHRLF Premium (Discount) Carrying 86,794.61 Acer Interest Paid - Bond Purchase 1 1 ,274.99 Land 84,100.00 Building 1,041,303.96 Leasehold Improvements 389,337.02 Furniture, Software & Equipment 3,098,804.53 Artwork 10,000.00 Prov for Acer Vacation & Comp Time 584,729.84 Prov for Est Claims & Judgements 460,026.00 Total Assets 377,010,455.82 5,668,301.35 LIABILITIES: Accounts and Other Payables 277,562.61 Due to State of Hawaii 1 1 0,000.00 Accrued Vacation & Comp Time 584,729.84 Estimated Claims & Judgements 460,026.00 Total Liabilities 387,562.61 1,044,755.84 FUND BALANCE: Investment in Fixed Assets 4,623,545.51 Reserve for Encumbrances 5,245,903.74 Reserve for Prepaid Exp & Sec Deposit 349,386.44 Reserve for Notes Receivable 12,440,359.56 Unreserved Fund Balance 358,587,243.47 Total Fund Balance 376,622,893.21 4,623,545.51 Total Liabilities & Fund Balance 377,010,455.82 5,668,301.35

Total Funds REVENUES: General Fund Appropriations 2,532,647.00 Public Land Trust 7,205,755.37 Dividend & Interest Income 4,026,214.63 Hawaiian Rights Fund 13,549.24 Federal and Other Grants 2 1 3,892.40 Newspaper Ads 39,777.87 Donations and Other 64,108.74 Nonimposed Fringe Benefits 87,792.70 Total Revenues 14,1 83,737.95 EXPENDITURES: Current Programs: Board of Trustees 1,526,131.24 Support Sendees 8,060,293.91 Beneficiary Advocacy 5,1 76,665.90 Total Expenditures 14,763,091.05 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES (579,353.10) OTHER FINANCING SOURCES (USES): Realized Gain(Loss) on Sale of Invstmnts 14,643,428.42 Unrealized Gain(Loss) on Invstmnts Held 1 9,085,83 1 .57 Operating Transfers 4,563.87 Lapse of Cash to State General Fund ( 1 2,276.7 1 ) Total Other Financing Sourees/(Uses) 33,721,547. 15 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES 33,142,194.05 Fund Balance, Beginning of Year 343,480,699. 1 6 Fund Adjustments 0.00 Fund Balance, End of Year 376,622,893.21