Ka Wai Ola - Office of Hawaiian Affairs, Volume 20, Number 6, 1 June 2003 — OHAF INANCIAL REPORT [ARTICLE]

OHAF INANCIAL REPORT

COMBlNED BALANCE SHEET AS OF JANUARY 31, 2003 (FY-2003)

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COMBINED STATEMENT OF REVENUES, EXPENDlTURES AND CHANGES IN FUND BALANCES FOR ĪHE PERIOD ENDING JANUARY 31, 2003

ASSETS FUNDS ACCOUNT GROUPS Petty cash $ 10,000.00 Cash in state treasury 7,905,103.86 Cash held outside of state treasury 14,918,092.07 Interfund assets 0.00 Accounts receivable 856,999.64 Interest and dividends receivable 1 .829, 1 88.78 Notes receivable 18,320,729.72 Allowance for doubtful accounts (5,470,082.22) Prepaid expenses 353,260.00 Security deposit 47,187.07 NHTF investments (market, value) 244,314,104.35 NHTF premium (discount) carrying 818,107.87 NHRLF investments (market value) 17,602,938.74 NHRLF premium (discount) carrying 171,249.55 Accrued interest paid - bond purchase 1 63,886.96 Land $84,100.00 Building 1,041,303.96 Leasehold improvements 375,337.02 Furniture, software & equipment 2,133.587.40 Artwork 10,000.00 Prov for LT debt oper lease rent 766.765.71 Prov for accrued vacation and comp time 555,797.66 Prov for est claims and judgements 548,535.00 TOTAL ASSETS $301,840,766.39 $ 5,515,426.75 LIABILITIES Accounts and other payables $ 1,274,932.93 Due to State of Hawaii 1 10,000.00 Operating lease rents -j j Accrued vacation and comp time jgj ^ Estimated claims and jdgements sj^g ggsj qq TOTAL LIABILITIES $ 1,384,932.93 $ 1,871,098.37 Fund Balance: Investments in fixed assets $ 3,644,328.38 Reserve for encumbrances $ 5,726,619.30 Reserve for prepaid exp and sec deposit 634,67 1 .27 Reserve for notes receivable 13,866,851.81 LTnreserved fund balance 280,227,691.08 Total Fund Balance $300,455.833.46 $3,644,328.38 TOTAL LIABILITIES AND FUND BALANCE $ 301,840.766.39 5 5,515,426.75

REVENUES TOTAL FUNDS General fund appropriations $2,532,663.00 Public land trust 55,823.79 Dividend and interest income 5,879,761.25 I lawaiian rights fund 6,560.87 Federal and other grants 127,294.43 Newspaper ads 22,850.96 Donations and other 110,882.31 Nonimposed fringe benefits 90,188.77 TOTAL REVENUES $8,826,025.38 EXPENDITURES Current Programs: $802,974.61 Board of Trustees 3,572, 1 34.40 Support Services 2,575,326.67 Beneficiary Advocacy $ 6,950,435.68 TOTAL EXPENDITURES $ 1,875,589.70 EXCESS (deficiency) of revenues over expenditures OTHER FINANCING SOURCES (USES) Realized gain (loss) on sale of investments S (11 ,067,372. 1 7) Unrealized gain (loss) on investments held (7 , 1 52,767 .20) Non-imposed fringe expense (90,188.77) NHLC retained portion (3.280.43) Bad debt expense (91,638.62) Operating transfers 0.00 Lapse of cash to state general fund (3,633.66) Investment manager fees (563,210.91) TOTAL OTHER FINANCING SOURCES (USES) (18,972,091.76) EXCESS (deficiency) of revenues and other financing sources over expenditures and other financing uses (17,096,502.06) FUND BALANCE, BEGINNING OF YEAR $317,552,335.52 FUND BALANCE, END OF PERIOD $300,455,833.46