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COUNTY OF HAWAII
<br /> Proprietary Funds
<br /> Statement of Cash Flows
<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 /> Cash Flows from Operating Activities
<br /> Receipts from tenants $ 143,485 $ 343,381 $ 486,866
<br /> Receipts from federal government-HUD 262,821 - 262,821
<br /> Payments to suppliers for goods and services (289,834) (301,203) (591,037)
<br /> Net cash provided by operating activities 116,472 42,178 158,650
<br /> Cash Flows from Capital and Related Financing Activities
<br /> Principal paid on notes payable (69,952) (18,582) (88,534)
<br /> Interest paid on notes payable (21,698) - (21,698)
<br /> Purchase of capital assets (15,371) (2,580) (17,951)
<br /> Net cash used in capital and related financing activities (107,021) (21,162) (128,183)
<br /> Cash Flows from Investing Activities
<br /> Proceeds from maturities of investments 2,800,000 - 2,800,000
<br /> Purchase of investments (2,800,000) - (2,800,000)
<br /> Interest on investments 384 10 394
<br /> Net cash provided by investing activities 384 10 394
<br /> Net increase in cash and cash equivalents 9,835 21,026 30,861
<br /> Cash and cash equivalents at beginning of year(including
<br /> restricted cash and cash equivalents) 693,923 644,293 1,338,216
<br /> Cash and cash equivalents at end of year(including
<br /> restricted cash and cash equivalents) $ 703,758 $ 665,319 $ 1,369,077
<br /> Reconciliation of Operating Income to Net Cash
<br /> Provided by Operating Activities
<br /> Operating income(loss) $ 33,359 $ (4,821) $ 28,538
<br /> Adjustments to reconcile operating income(loss)to net cash
<br /> provided by operating activities:
<br /> Depreciation expense 66,476 31,774 98,250
<br /> Change in assets and liabilities:
<br /> Receivables,net (515) (4,356) (4,871)
<br /> Prepaid expenses (1,056) - (1,056)
<br /> Accounts and other payables 18,152 12,313 30,465
<br /> Deferred revenue 56 7,268 7,324
<br /> Net cash provided by operating activities $ 116,472 $ 42,178 $ 158,650
<br /> Supplemental Disclosure of Noncash Capital and Related
<br /> Financing Activities
<br /> Capital contributions $ 1,669,662 $ - $ 1,669,662
<br /> See accompanying notes to the basic financial statements.
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