Ka Wai Ola - Office of Hawaiian Affairs, Volume 19, Number 9, 1 September 2002 — Page 6 Advertisements Column 1 [ADVERTISEMENT]

COMBINED BALANCE SHEET (OMBIM I) STATEMENTOF REVENUES, EXPENDTTURES AND CIIAN(;i.S IN AS OF JUNE 30, 2002 FUND BALANCES FORTHE TWELVE M( )VI1IS ENDED JUNE 3 0, 2 002

ASSETS FUNĪ)S A2COUNT GROUPS Cash in State Treasurj'' $ 7,817,575 Cash in outside accounts 9,442,672 Accounts/other receivables 6,020 Notes receivable, net of allowanee for doubtfol accounteof $3,956,693 15,499,592 Interest/dividends receVable 2,101,245 Interfund receivable 1,676,904 Prepaid expenses and security deposits 459^494 Investments at FMV: Native Hawaiian Trust Fund 269,336,075 Native Hawaiian Revol\dng Loan Fund 17,276,643 Capital assete, nd: of accumulated depreciahon wha:e apphcable Land/building $1,099,371 Leasehold improvements 360,453 Machinery, equipment, furniture, fixtures 1,532,560 Pro\dded for paj'ment of: Vacation benefits/comp time oif 555,798 Estimated claims andjudgments 460,026 Operating lease rents/capital lease 1,066,483 TOTAL ASSETS $323,616,220 $5,074,691 LIABILITIES AND FUND EQUITY Liabilities: $ 110,000 Due to state 1,585,383 Accounts/other paj'ables 1,676,904 Inter-fund payable Vacation benefits/comp. time off $555,798 Operating lease rents 1,066,483 Estimated claims and judgments 460,026 Capital lease obligation 0 TOTAL LIABILITIES $ 3,372,287 $2,082,307 Fund Equity: Investments in fixed assets $2,992,384 Fund balance Reserved $ 21,836,360 Designated 45,985,011 Undesignated 252,422,562 Total Fund Equity $320,243,933 $2,992,384 T OTAL LIABILITIES AND FUND EOUITY $323.616.220 $ 5.074.691

REVENUES State general fund appropriations $ 2,619,663 Public land trust 6,535 Dividend and interest ineome 1 1 ,4 1 1 ,599 Native Hawaiian Rights Fund 34,642 F ederal and other grants 1,138,357 Newspaper ads, donations, other revenues 79,908 N on-imposed fringe benefits 1 02,8 1 6 Hawaiian Projects Fund -0TOTAL REVENUES $ 15,393,520 EXPENDITURES Current programs: Board of Trustees ® 3,966,207 Administration 4,560,623 Program Systems 5,454,294 Hawaiian Rights 2,156,907 ^ TOTAL EXPENDITURES $ 16,138,031 EXCESS (deficiency) of rwenues over expenditures $ (744,511) OTHER FIN,ANCING SOURCES (USES) Realized gain (loss) on sale of investments $ (14,440,660) Net increase (decrease) in unrealized gain (loss) on investments held (23,329,3 10) Lapse of cash to State General Fund (209,373) TOTAL OTHER FIN,ANCING SOURCES (USES) $ (37^979^343) EXCESS (deficiency) of rwenues and other financing sources over expenditures and other financing uses S (38,723,854) FUND BALANCE, BEGINNING OF PERIOD $ 358,967,787 FUND BAUANCE, END OF PERIOD $ 320,243,933

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