Ka Wai Ola - Office of Hawaiian Affairs, Volume 36, Number 1, 1 Ianuali 2019 — STATEMENT OF NET POSITION [ARTICLE]

STATEMENT OF NET POSITION

OFFICE OF HAWAIIAN AFFAIRS |

STATE OF HAWAI'I

FOR THE FISCAL YEAR ENDING JUNE 30, 2018 (DOLLARS IN THOUSANDS) GOVERNMENTAL ASSETS: ACTIVITIES Petty cash $ 1 Cash: Held in State Treasury 6,248 Held in bank 11,800 Held by investment managers 4,685 Restricted cash 197 Accounts receivable, net 1,716 Interest and dividends receivable 77 Inventory, prepaid items, and other assets 903 Notes receivable, net: Due within one year 1,776 Due after one year 3,547 Investments 397,288 Capital assets - net 233,950 TOTAL ASSETS $ 662,188 Deferred outflows of resources 10,363 (A) TOTALASSETSANDDEFERREDOUTFLOWSOFRESOURCES $ 672,551 LIABILITIES: Accounts payable and accrued liabilities $ 6,570 Due to State of Hawai'i 1,225 Long-term liabilites: Due within one year 2,930 Due after one year 27,167 OTHER LIABILITIES DUE IN MORE THAN ONE YEAR: Net pension liability 32,670 TOTAL LIABILITIES $ 70,562 Deferred inflows of resources 576 (A) TOTAL LIABILITIES AND DEFERRED INFLOWS OF RESOURCES $ 71,138 COMMITMENTS AND CONTINGENCIES NET POSITION: Invested in capital assets, net of related debt $ 208,495 Restricted 25,230 Unrestricted 367,688 TOTAL NET POSITION 601,413 TOTAL LIABILITIES, DEFERRED INFLOWS OF RESOURCES & NET POSITION $ 672,551 (A) = Same as last year as the FY17 final information is not yet made available.

OFFICE OF HAWAIIAN AFFAIRS I STATE OF HAWAI'I STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDING JUNE 30, 2018 (DOLLARS IN THOUSANDS)

PROGRAM REVENUES

OFFICE OF HAWAIIAN AFFAIRS I STATE OF HAWAI'I GOVERNMENTAL FUNDS - BALANCE SHEET FOR THE FISCAL YEAR ENDING JUNE 30, 2018 (DOLLARS IN THOUSANDS)

OFFICE OF HAWAIIAN AFFAIRS I STATE OF HAWAI'I GOVERNMENTAL FUNDS - STATEMENT OF REVENUESf EXPENDITURESf AND CHANGES IN FUND BALANCES FOR THE FISCAL YEAR ENDING JUNE 30, 2018 (DOLLARS IN THOUSANDS)

CHARGES FOR OPERATING GRANTS NET (EXPENSES) REVENUE FUNCTIONS/PROGRAMS EXPENSES SERVICES & CONTRIBUTIONS AND CHANGES IN NET POSITION GOVERNMENTAL ACTIVITIES: Board of Trustees $ 2,889 $ - $ $ (2,889) Support services 17,408 8,184 - $ (9,224) Beneficiary advocacy 19,454 - 770 $ (18,684) Unallocated depreciation 2,213 - - $ (2,213) TOTAL GOVERNMENTAL ACTIVITIES 41,964 8,184 770 (33,010) GENERAL REVENUE: State allotments, net of lapsed appropriations $ 3,038 Public Land Trust revenue 15,100 Unrestricted contributions 375 Interest and investment earnings 32,536 Non- imposed employee fringe benefits 554 TOTAL GENERAL REVENUES 51,603 CHANGE IN NET POSITION 18,593 NET POSITION: Beginning of year 582,820 NET POSITION AT JUNE 30, 2018 $ 601,413

GENERAL FUND PUBLIC LAND TRUST FEDERAL GRANTS OTHER TOTAL ASSETS: Petty cash $ $ 1 $ - $ - $ 1 Cash: Held in State Treasury 972 5,276 - - 6,248 Held in bank - 8,399 3,347 54 11,800 Held by investment managers - 759 3,926 - 4,685 Restricted cash - - 197 - 197 Accounts receivable - 1,679 34 3 1,716 Interest and dividends receivable - 3 74 - 77 Inventory, prepaid items and other assets - 463 3 - 466 Notes receivable: Due within one year - 308 1,468 - 1,776 Due after one year - 144 3,403 - 3,547 Investments - 384,133 13,155 - 397,288 TOTAL ASSETS $ 972 $ 401,165 $ 25,607 $ 57 $ 427,801 LIABILITIES: Accounts payable and accrued liabilities $ 504 $ 5,978 $ 77 $ 11 $ 6,570 Due from State of Hawai'i - 925 300 - 1,225 TOTAL LIABILITIES 504 6,903 377 11 7,795 COMMITMENTS AND CONTINGENCIES: Fund Balances: Nonspendable: Inventory, prepaid items b security deposits - 463 - - 463 Restricted for: Beneficiary advocacy - - 1,251 - 1,251 Native Hawaiian loan programs - - 20,576 - 20,576 Long-term portion of notes receivable - - 3,403 - 3,403 Committed to: DHHL- issued revenue bonds - 29,516 - - 29,516 Assigned to: Board of Trustees - 535 - - 535 Support services 30 8,102 - - 8,132 Beneficiary advocacy 405 4,495 - 46 4,946 Long-term portion of notes receivable - 144 - - 144 Public Land Trust - 351,007 - - 351,007 Unassigned 33 - - - 33 TOTAL FUND BALANCES 468 394,262 25,230 46 420,006 TOTAL ASSETS $ 972 $ 401,165 $ 25,607 $ 57 $ 427,801

GENERAL FUND PUBLIC LAND TRUST FEDERAL GRANTS OTHER TOTAL REVENUES: Public Land Trust revenue $ $ 15,100 $ $ $ 15,100 Intergovernmental revenue - - 394 - 394 Appropriations, net of lapses 3,038 - - - 3,038 Charges for services - 8,126 - 58 8,184 Interest and investment earnings - 32,536 376 1 32,913 Donations and other - 332 43 - 375 Non-imposed fringe benefits 554 - - - 554 TOTAL REVENUES 3,592 56,094 813 59 60,558 EXPENDITURES: Board of Trustees 150 2,739 - - 2,889 Support services 2,094 15,292 - 64 17,450 Beneficiary advocacy 1,192 17,100 962 200 19,454 TOTAL EXPENDITURES 3,436 35,131 962 264 39,793 OTHER FINANCING (USES) SOURCES: Proceeds from (to) debt - (2,240) - - (2,240) Net transfers (to) from other funds - (200) - 200 NET CHANGE IN FUND BALANCE 156 18,523 (149) (5) 18,525 FUND BALANCES: Beginning of year 312 375,739 25,379 51 401,481 END OF YEAR $ 468 $ 394,262 $ 25,230 $ 46 $ 420,006