Ka Wai Ola - Office of Hawaiian Affairs, Volume 35, Number 1, 1 January 2018 — STATEMENT OF ACTIVITIES [ARTICLE]

STATEMENT OF ACTIVITIES

OFFICE OF HAWAIIAN AFFAIRS | STATE OF HAWAI'I

FOR THE FISCAL YEAR ENDING JUNE 30, 2017 (DOLLARS IN THOUSANDS)

NET (EXPENSES) REVENUE PROGRAM REVENUES AND CHANGES IN NET POSITION CHANGE FOR OPERATING GRANTS GOVERNMENTAL BUSINESS-TYPE FUNCTIONS/PROGRAMS EXPENSES SERVICES & CONTRIBUTIONS ACTIVITIES ACTIVITIES TOTAL Governmental Activities: Board of Trustees $ 2,766 $ $ - $ (2,766) $ - $ (2,766) Support services 17,255 6,643 - (10,612) - (10,612) Beneficiary advocacy 15,132 - 730 (14,402) - (14,402) Unallocated depreciation 2,375 - - (2,375) - (2,375) TOTAL GOVERNMENTAL ACTIVITIES $ 37,528 $ 6,643 $ 730 $ (30,155) $ - $ (30,155) Business-Type Activities: Ho'okele Pono LLC 345 12 330 - (3) (3) Hi'ilei Aloha LLC 5,246 4,864 (382) (382) TOTAL BUSINESS-TYPE ACTIVITIES 5,591 4,876 330 - (385) (385) TOTAL GOVERNMENT-WIDE $ 43,119 $ 11,519 $ 1,060 $ (30,155) $ (385) $ (30,540) GENERAL REVENUE: State allotments, net of lapsed appropriations $ 2,991 $ - $ 2,991 Public Land Trust revenue 15,100 - 15,100 Unrestricted contributions 516 - 516 Interest and investment earnings 38,803 - 38,803 Non-imposed employee fringe benefits 235 - 235 TOTAL GENERAL REVENUES 57,645 - 57,645 TRANSFERS (340) 777 437 TOTAL GENERAL REVENUES AND TRANSFERS 57,305 777 58,082 CHANGE IN NET POSITION 27,150 392 27,542 Net Position: Beginning of year 557,290 17,514 574,804 NET POSITION AT JUNE 30, 2017 $ 584,440 $ 17,906 $ 602,346