Ka Wai Ola - Office of Hawaiian Affairs, Volume 17, Number 10, 1 October 2000 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

Fiscal Year to Date June 30, 2000

ASSETS, LIABILITIES AND Fl)ND EQUITY

REVENUES, EXPENDITURES, CHANGES IN FUND BALANCES

FUNDS ACCOUNT GROUPS General funds in State accounts $ 937,465 Cash in State treasury/ 50,4 1 2,203 outside accounts Accounts/other receivables 34,942 Notes receivable, net of allowance for doubtful accounts of $4,053,853 11.71 8,545 Interest/dividends receivable 2,221,208 Interfund receivable g2 477 Prepaid expenses and 429 481 security deposits ' Investments 328,231,650 Land/building $1,129,242 Leasehold improvements . , , . . . 538.405 Machinery, equipment, furniture, fixtures 1,565,396 Provided for payment of: • Vacation benefits/comp time off _ . ... , 605,768 • Estimated claims and judgments 482,694 • Operating lease ^ 7t.g rents/capital lease TOTAL ASSETS $394.067,971 $4,394,763 LIABILITIES AND FUND EQUITY Liabilities: Accounts/other payables $ 2,018,030 Inter-fund payable 192,477 Vacation benefits/ $605,768 comp. time off Operating lease rents 20,7 1 7 Estimated claims and judgments 482,694 Capital lease obligation 52,541 Total Liabilities $ 2.21(1.51)7 $1,161,720 Fund Equity: Investments in fixed assets $ 3,233,043 Fund balance • Reserved $ 17,527,878 • Designated 44,434,167 •Undesignated 329,895,418 Total Fund Equity $391,857.463 $3,233,043 TOTAL LIABILITIES AND FUND EQUITY $394,067,970 $ 4,394,763

REVENUES State general fund appropriations $ 2,550,922 Public land trust 8,238, 1 09 Dividend and interest income 1 1 ,886,636 Native Hawaiian Rights Fund 58,111 Federal and other grants 254,05 1 Newspaper ads, donations, other revenues 1 23,79 1 Non-imposed fringe benefits 134,678 Total Revenues $ 23,246,298 EXPENDITURES Current programs: • Board of Trustees $ 4, 1 40. 1 83 • Administration 4,639,593 • Program Systems 5, 1 74,236 • Hawaiian Rights 2,237,483 Capital outlay 359,715 Total Expenditures $ 16,551,210 EXCESS (DEFICIENCY) OF REV- $ 6,695,088 ENUES OVER EXPENDITURES OTHER FINANCING SOURCES (USES) Realized gain on sale of investments $ 29,137,835 Net increase (decrease) in unrealized ( 1 ,277,475) gain (loss) on investments held Lapse of cash to State General Fund (80,679) Operating inter-fund transfers in 9,002,520 Operating inter-fund transfers out (9,002,520) "J Total Other Financing Sources $ 27,779,681 (Uses) EXCESS (DEFICIENCY) OF REV- $ 34,474,769 ENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES FUND BALANCE, BEGINNING OF $ 357,382,695 PERIOD FUND BALANCE, END OF PERIOD $ 391,857,464 Note: Prior year appropriation expenditures have been grouped into current office restructure. The above figures are unaudited for the Fiscal Year 2000 from July 1, 1999 through June 30, 2000. ■