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COUNTY OF HAWAII
<br /> Proprietary Funds
<br /> Statement of Revenues,Expenses,and Changes in Fund Net Position
<br /> For the Fiscal Year Ended June 30,2021
<br /> Business-type Activities-
<br /> Enterprise Funds
<br /> Kulaimano Ouli Ekahi
<br /> Elderly Affordable
<br /> Housing Housing
<br /> Project Project Total
<br /> Operating revenues:
<br /> Rental receipts from tenants $ 143,530 $ 340,213 $ 483,743
<br /> Rental subsidy from federal government-HUD 262,821 - 262,821
<br /> Laundry receipts 1,499 - 1,499
<br /> Other - 256 256
<br /> Total operating revenues 407,850 340,469 748,319
<br /> Operating expenses:
<br /> Utilities 42,128 64,358 106,486
<br /> General and administration 211,667 186,913 398,580
<br /> Maintenance and repairs 54,220 62,245 116,465
<br /> Depreciation(note 6) 66,476 31,774 98,250
<br /> Total operating expenses 374,491 345,290 719,781
<br /> Operating income(loss) 33,359 (4,821) 28,538
<br /> Nonoperating revenues(expenses):
<br /> Investment income 382 10 392
<br /> Interest expense (20,371) - (20,371)
<br /> (Loss)on disposal of assets (59) - (59)
<br /> Total nonoperating revenues(expenses) (20,048) 10 (20,038)
<br /> Capital contributions
<br /> Transfers 1,669,662 - 1,669,662
<br /> Change in net position 1,682,973 (4,811) 1,678,162
<br /> Net position,beginning of year 707,847 1,905,071 2,612,918
<br /> Net position,end of year $ 2,390,820 $ 1,900,260 $ 4,291,080
<br /> See accompanying notes to the basic financial statements.
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