Ka Wai Ola - Office of Hawaiian Affairs, Volume 18, Number 5, 1 May 2001 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

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ASSETS, LIABILITIES AND FUND EQUITY

REVENUES, EXPENDITURES, CHANGES IN FUND BALANCES

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ASSETS FUNDS ACCOUNT CROUPS Cash in State Treasury $ 9,008,489 Cash in outside accounts 14,166,713 Accounts/other receivables 1 ,8 1 9,588 Notes receivable, net of allowance for doubtful 14,018,554 accounts of $4,628,994 Interest/dividends receivable 1 ,990,355 Interfund receivable 222,799 Prepaid expenses and security deposits 657,404 Investments 340,317,954 Land/building $1,129,242 Leasehold improvements 538,405 Machinery, equipment, furniture, fixtures 1,605,167 Provided for payment of: • Vacation benefits/comp time off 487,939 • Estimated claims and judgments 376,846 • Operating lease rents/capital lease 48,954 TOTAL ASSETS $382,201,866 $4,186,553 LIABILITIES AND FUND EQUITY Liabilities: Due to state $ 110,000 Accounts/other payables 3,076,593 Inter-fund payable 222,799 Vacation benefits/comp. time off $487,939 Operating lease rents 2,960 Estimated claims and judgments 376,846 Capital lease obligation 45,994 TOTAL LIABILITIES $ 3,409,392 $913,739 Fund Equity: Investments in fixed assets Fund balance $3,272,814 • Reserved $ 18,997,273 • Designated 41,275,901 • Undesignated 318,519,300 Total Fund Equity $378,792,474 $3,272,814 TOTAL LIABILITIES AND FUND EQUITY $382,201,866 $4,186,553

REVENUES \ $ 2 519 663 State general fund appropriations l onVn Public land trust ^,812,447 Dividend and interest income ' . Native Hawaiian Rights Fund , _ ' i i , , Federal and other grants ' ' 39 057 Newspaper ads, donations, other revenues 57 682 Non-imposed fringe benefits ' 536 Hawaiian Projects Fund TOTAL REVENUES $ 14,061,169 EXPENDITURES Current programs: • Board of Trustees j | 207 617 • Administration j 7g2 517 • Program Systems 2 430 775 • Hawaiian Rights ggg 153 TOTAL EXPENDITURES $ 6,689,162 EXCESS (deficiency) of revenues over expenditures $ 7,372 007 OTHER FINANCING SOURCES (USES) , Realized gain on sale of investments $ 473 575 Net increase (decrease) in unrealized gain (loss) on investments held (19,255,146) Lapse of cash to State General Fund (66,461) Operating inter-fund transfers in 334,738 Operating inter-fund transfers out (334,738) TOTAL OTHER FINANCING SOURCES (USES) $ (18.847.931) EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ (11475 924) FUND BALANCE, BEGINNING OF PERIOD $390 268 398 FUND BALANCE, END OF PERIOD $378,792,474