Ka Wai Ola - Office of Hawaiian Affairs, Volume 19, Number 7, 1 July 2002 — Page 13 Advertisements Column 1 [ADVERTISEMENT]

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COMBINED BALANCE SHEET AS OF APRIL 30, 2002 ASSETS FUNDS ACCOUNT CROUPS Cash in StateTreasury $ 6,875,364 Cash in outside accounts 12,585,613 Accounts/other receivables 1 1 ,302 Notes receivable, net of allowanee for doubtful accounts of $4,044,747 15,464,523 Interest/diMdends receivable 1,692,461 Interf und receivable 2,20 1 ,385 Prepaid expenses and security deposits 303,914 Investments at FMV: Native Hawaiian Trust Fund 284,776,1 1 1 Native Hawaiian Revolving Loan Fund 16,855,580 Land/building $1,125,404 Leasehold improvements 538,405 Machinery, equipment, furniture, fixtures 1,432,155 Provided for payment of: Vacation benefits/comp time off 536,931 Estimated claims and judgments 460,026 Operating lease rents/capital lease 0 TOTAL ASSETS $340,766,253 $4,092,921 LIABILITIES AND FUND EQUITY Liabilities: Due to state $ 110,000 Accounts/other payables 1 ,288 ,048 Inter-fund payable 2,20 1 ,385 Vacation benefits/comp. time off $536,931 Operating lease rents 0 Estimatedclaims and judgments 460,026 Capital lease obligation 0 TOTAL LIABILITIES $ 3,599,433 $996,957 Fund Equity: Investments in fixed assets $3,095,964 Fund balance Reser\'ed $ 20,253,099 Designated 54,275,036 Undesignated 262,638,685 Total Fund Equity $337,166,820 $3,095,964 TOTAL LIABILITIES AND FUND EQUITY $340,766,253 $4,092,921

COMBINED STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES FORTHETEN MONTHS ENDED APRIL 30, 2002 REVENUES State general fund appropriations $ 2,619,663 Public land trust 6,535 Dividend and interest ineome 9,334,683 Native Hawaiian Rights Fund 31,139 Federal and other grants 1,086,699 Newspaper ads, donations, other revenues 65,094 Non-imposed fringe benefits 84,807 Hawaiian Projects Fund 0 TOTAL REVENUES $ 13,228,620 EXPENDITURES Current program$: Board of Trustees $ 2,683,958 Administration 3,749,595 Program Systems 4,775,225 Hawaiian Rights 1,719,065 $ 17 077 843 TOTAL EXPENDITURES 9 2___ : $ 300 777 EXCESS (deficiency) of revenues over expenditures ' OTHER FINANCING SOURCES (USES) Realized gain (loss) on sale of investments $ (10,824,665) Netincrease (decrease) in unrealized gain (loss) on investments held (1 1,187,233) Lapse of cash to State General Fund (89,846) TOTAL OTHER FINANCING SOURCES (USES) $ (22,101,744) EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses $ §qq FUND BALANCE, BEGINNING OF PERIOD $ 358,967,787 FUND BALANCE, END OF PERIOD $ 337,166,82o

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