HomeMy WebLinkAboutCOM 0713.001 2022-2024 County of Hawaii ��a
Men/fie," f �? ,`-:
Office of the County Auditor 6; ,-
County Auditor 120 Pauahi St., 309 � ,,��.•- ,
County of Hawaii Hilo, HI 96720 I r `i-•I
Office of the County Auditor F 808.961.8905 '
Ph 808.961.8386 ';;=:of �s`�
www.hawaiicounty.gov
re �
May 16, 2024
Honorable Heather L. Kimball, Council Chair .1
and Members of the Hawaii County Council '—
Hawaii County Council
25 Aupuni Street,
Hilo, Hawaii 96720
RE: Annual Comprehensive Financial Report for Fiscal Year July 1, 2022 to June 30, 202'3'
Aloha Chair Kimball and Council Members:
It is our pleasure to transmit for your review, deliberation, and acceptance of the Annual
Comprehensive Financial Report for the Fiscal Year Ended July 1, 2022 to June 30, 2023,
as prepared by the County's Department of Finance.
External auditors Plante & Moran, PLLC, will provide a brief presentation summarizing
the results of the report and answer questions via Zoom.
This report will also be available on our website https://www.hawaiicounty.gov/our-
county/legislative/office-of-the-county-auditor/audit-reports in the near future.
With Aloha,
Tyle J. Benner
County Auditor
Enclosures
cc. Deanna Sako, Managing Director
Diane Nakagawa, Finance Director
William Brickey, Partner, Plante & Moran, PLLC
(Note: Duplicate copies are not available of this document due to its size, but
it may be viewed in the Office of the County Clerk, or on the County's homepage
by choosing "Our County" then "Council Records" then navigating to the document.)
Comm. No.
Ref. To:
Hawai`i County is an Equal Opportunity Provider and Employe;Ref. Date SAY 2 1
ANNUAL COMPREHENSIVE
FINANCIAL REPORT
Fiscal Year hided June 30, 2023
0
COUNTY' OF "ANN'All
1111O, Flawaii.
N 14
I X,-wina Sato
^+'l,m,eL,irw Director
[IT L2pared by.
T-:ie Tern- i ent of Fira:Y-,_Q
);ti.,._t \,"I,,is _ %1. 3
0 L N-T-N Of. f I I
1 IRCpo,-t
:)Jk�dl -10,21
Tabic (if
INTRODUCTORN SF( VION
17 j
�'.WOrl Chmi 9
1 mi vi f lecied Off -lc iAN 10
I i�i off'fincipal Officials I I
F I \.�, N (I A 1. S ECTION
Report ot'Iniependent Auditors 13
Nlana�enivnt.'s DLscusswn and Analysis 16
Rw� iQ Financial SlatemeRtv
Crm,L-m.Et:nt--A-i& Finan 1 �j I Siafement{:
Statement of Nv Vo,.i liun 28
Staicnicril �,Lj 3 0
f IRld T- iLMRICId 1 `+I
Balance Sheet - Go%,emmenliil Funds 32
Kcconcifia',ion 41he 6ovemmcnial Funds Balance Sheet to the
sTalcmCTIq kd Nei PowlOn
,°ratement of Hxwcnues. E%pend.:urc5,and Changcs in Fund Balance&-
Ciovernwcril:d hinds 34
RCCOE16hat'01"i L)l"LhL� ( liange in Fu7,i
ill 1111' Of -16
tat(' Z I L rl k I 1%4-A1211LICS, Vxpendit-ures, and Cl1;kqc,, 191 I'Lind Balance -
B c i n d A c I L m I f H td gctary Ba s i s I - c i i L` r.i I I - i uid 38
I XpLnitlrturc�. tiznd Uhajib:e, in Fund Rdlitn,�c -
V� ou g �vu q, Actual i - Coun f I qm n 42
Prop-
L,,etj5 VLinda 43
e N L! ri uc s, I perv�eS, wi r in I'uod No Posilion -
Pmicn,wrii il C .-r-h I ia�-,� Proprictui-, I tknil, 45
'."tt73.teTT%:rI1 of hilm-mv,, Nei Poqltiori I IdkwI,6r% I II;I&-
`statement of Clum.p--, in N,�, I': Punds 47
N,LkJL:� ., [0 t�?C H�,SjC r I %fltCft.ntF, 49
Required Supp.l,2:-.,,tmI.arN Informailon
Schcd,,,Ie of (.1hinges in The Nei OPEB LiabiliN am Related Ratios 1 12
SChed-U'.0 Lif CLIn(tibUl IVIIS 4 OPF B) 118
I• IN A N C [ A L SECTION (Continued)
P;
Notes to Requ!red'sL:p,piernentary Informal 4on 4s Required b%
6A ,k L,�tatc`mcnt No.68
119
Schedule ()?`lhi' (t+Lr.:tr' ;+nee Lh-part-,-, n1''. `sh:irt
of [l-'e ".ET Pery iomi I,iabilitY it Rl" s
121
SchcdolL ,,I she Linplover Pemion Uiawpil)Laliun" II RSA
122
Noty, it. RL',likircd Sur pleLrlentary In1ilRaa.ili,1P1 jL. lip 41LalrLd by
I-X*` Ii L-,!A1t'1Twr11 No, 75
iy
123
ti, lsc,{Lrit of C'1wn.k?,es in Total Pension I..iahili[.� f 13;wdgrnen Pension)
124
o;Ild 111Lhr _dual Nonmajor Fund StatrrTic ai inJ ..°1�L�dltles
-whi'arig k# kLr1 :4 Sheet - Nonmajor (:F[Tv ntruental ,Funds
t28
4 ti,11iilllalrag ST3L,:jiwnt of Rc,+ ntjus. kpend1turr,, ;�nfj ('hang:3 :,I 1-land
Ralances - Nonmajor Goremmt nlal 1 unds
132
Schedules ot`Revenues. Expenditures, and Changes In Fund Balances -
RLadRC11 and ,actual (Budgetary Basrsl;
I71gh%.n FL.nil
135
Seurr 1 ::nd
136
tir�llwl+:@tit; Fund
137
'L'rrlc 1 P F LLTId
138
1 UMI
139
Vel11CiC 1 L1514.1
140
1-t1nd
141
Vl orl,I,,rvL` 31yys-;a 7Prw1 A,-1 hind
142
f i0lT("lurse l URd
14)
(rt'odir.,rinaI Rerf,,�atton and Communit° 13.'rwti*N Furid
144
T eAutl'i:3F.ion Fund
145
( rvr .oral F �,;sc Tax Fund
)46
Par :. Dedication Fund
147
Short-term Vac.3Jon Rental Enfomcmeni Fund
148
GeolhLrrnaI �.,ci Fund
149
C`(�rnhiat.irlo `�.� •'t°1r'12—T :• � Fi lu,: ary NO Position - C'ua tndi . .ALJ%
ISO
CoIfahming, isai ll't'ei t`[ {, hanger in Nei 1'omiion - C u,?okil:i!
152
C 4ml1,1111r11r SI.ACL•FlWTtL cC FT-ival(7 llorpk3.'w T rL1,;l Nei Posilwn, - 11,F:%,ae Purpose Tnjs[ti
1 �4
f'tF11+1111111' �'1.11CFLIeM Est ('kingL-L, Frl -N'L`t I°OMt1 ill PTI�3tL` PurpwL` Frusts
155
ST.ATTSTICAI- SF,("I'll ON
Table I - Net Posinon by C'omponem 157
Table 2 - Changes in c� i'osLtior' 15R
Tabtc 3 - Fund Balance',, CToterT11-Cf1lal � '..11LF; 160
Table 4 - Changes in Fund Balance. Goer 161
`I'a'hlc 5 - heal F'sorvrr,..%sse.s . i VaIuC5 b% ( 13'15. hL.,I�.'R :;n,� J ax awes 162
Tah[ 6 - Principal Taxpayer-, 166
Table ' - Property Tax Levies and C'olleL'Iions 167
t-ahlc 8 - Ralios of Ouistanding Debt b,' Type 168
1 ahlc 9 r Ratios of general Ronded D61 Outstanding 169
&TA HS111 iE%EE|BO*
Table |0- Lega]D» & w arg iR»SrTnation
Table II - Demn grap E. and E; i mo @ki#a
Table 12.PHnci pa Irn w < w m N\mfHa»m,
'Table 13-Full-Time g3y2Erkwcp 6povemnicni[m oy w by Funclion
'Table 14-0 RHngln ya�H»>|«�m m
Table 15.Ca@ ml:' w Staigi C ]i & m mw
INTRODUCTORY SECTION
4r*�w o! 4. ►+
U Diarte h.�&.jgdm .I
tc'tl�wtt�ii D. Z�rsth : � - - * � iirr�GFcrr
Aaron K_11. Brux%n
I)e�'ii Mj' {.khYJaX
'oun(y of Ifawgi>bi'i
Fin:;nc t. Department
April 26, 2024
I he I Ionorable Mayor and Members ofthR: ( ouneil
C{;tl_lniv of Ha aN
Hilo, H-11"ai't 96 24
1k'c transmit herewith the Annual Comprehensive Financial Rq)art for the County ofHawai`1.
State. ofHitl %a ri (the C ttnt�'), for the fiscal year July I, 2022 to Ise 30, 2023,
This report was prep'ao}ed �-y the Ckwnty`,, Dcp' irtrncnt of finance. The- Lsr'tltc tirlancial
statemerrta and the cti71l;p!eteness and r'airau� ,) ol'thcir presicntation are the re;ponNiE'lhli oi'thc
C OLNIty g4.91L:rriment, c bcIIov0 t1It: L11C.IONQJ d4tt t 0 T,e CO111, IetL JIlul dw4'ur:ttc iti a It1aierial
aild arc It',pCJned in is 111111ill:'r dk."igneki 1+.F i31'." 4`!1t itlill 1.t 4 tIJl,u,it.I'si po4j11 ill i ll..! .'C:;uli.;
of kI t.II Ii ns of the 4, ariwlt ; fora t}I l II:° f '.+tisll w. �iI ,.I t.,l hk' t"•`:tt; 11} y 1111% 1.", i l' '
rrieiYllt]UM Undk.r..S�alldi ngt 1 1t".; C ,,;,^s['y',, llnallcia] Il3tll,iii°..i `I 1!"I ,c'ment's
di"cttssion I-vid ,-ittalysis is alsu idd users of the financial �: ttemewN.
11IIS report presents the I nancial position of the County of Hawaii at Jute 30. 2023 and results
of operations for the fiscal � car then ended. The report is di% inla three wctions:
The lntroductvey Section inclu;i s this tratn,rrtittal lct.ter, a of chlLn nw—i! s<
Exce11cric in I-iaiaocial ReponHIP', the G"ountN. of Haig dl'i'.� organization char arld I,;;'; . I
elected and principal offtclatls
! I 111t:irtt::"ll �:iIon C11mairldtscust;k)n and aTnalys6, [hc hasic tin;tnci a I
..iced ttote.S, the a'-.'!11h IHirrw.-..ind individual fund budgetary financial statements,
.11V.1 RIju Inklci1�_-n loft nufI7[t'1rti 1'.'(rs%!-I
+'The Statistical Section includes std"tcd Tina ricial and dernographic information, generally
presented on a multi -year hasis.
This t�:P art includes all funds of the County car' l'lawai' i. including its component unit, the
Department ofWater Supply. established by the C OUTtt�, C-hartt�r as a semi-awc?tlur wwa body of
the County got emment. I lain CoMPcTt1011 urlit is iritrlraded in the C OUTtt�,',, rkporting entity
bei �tus,: of it,, Financial relationship ccarlt r1w (.'taunt}'.
The County provides a full range of municipal wn, ices, nese include police and rite protection;
enwrgetwy medical care; public prosek:w ~'r, culture Kt[ld recrea;tir�rl; sartitatiort; Nt11:t,1I *c.r%iccw;
Hawaii County fS an Egtjaf Opportumly Employer and Pro odet
�,N atcr; plalim I Ig grid zoning'. construction and maintenance, of hi, hw-a s, streets and
infi,a,tructun2- real property and tax collection; and general administrative service .
llowevcr, the County dues not prc]vK4- ,rich othcr-traditional services a. public education,
lw,;pitals and CoLlrts. These scrvice:; are provided by the State governmc-m.
The Coumy consists of the island A] la%,,tfi-i, -1,0 2'.,quare rn]le.s in size. It ]ti tWiCe ziti lame '3ti
the combined area of all the other inhablud i la] d,; in the I Iaw;aiian Ar(hipelc g.p. Sind them is
no other local or municipal government the County, there are no irverlapping take, and no
overlapping debt. The County has an elected in:sy or and a nine -member cc7uncil.
Economic {'ondition and Outlook
The island of Hawaii, comil-lrrrll". kno%%.n as tlie. Big Island, is located 214 miles from IlorioIulrr,
the state c',ipital; 2,20(.) rnili , from the v e.st court of tlic cont'Limital i °r Acd States: and 4.1000
miles from Japiaaa, ! he eity (II'INo can the ea,t sick of the _;land sc:rves LIS the county, seat as we]I
as the transport ttion and financial center fnr the. 134! bland. Iiilt ; hif'rastrricture includes Hilo
larbor, a deep-wpiter port, and l Iilo Interntttiomil A-]rport, xNlilc:h is capable ofhand] ing fal K -
loadod wide-bodied aircraft. Kailua-Kona an,i South KOII LI, rl"rajt}r tourist cicstinailon arc°as on
the mv,i,icie cif the Bid Island, art' servcd by flights frt_irn the L ni1t�41 mainland and C'anad:a
throuLh the lL,,L)nt Interni]t umil Airport„ v,,Ltl] flights from 'lokyo kgjnning aLain, �ch�clulccl
frci& services are available betwcm the islands by Lair and sca trari;;port_ CoIrlrllurlities tlri the
island are finked hry a network of Mate and County maintaim3 d street, and highways.
I he fir`}. [,land is tlae mom diwcrsilied of the ti ighbor island economies. As rL re,rrlt it iti bLrflCrcd
to some extent "'11en ;ink. one The IuiempIOyADeiat rite e Jr_ t11l� Cc}un'tx- "IS cal
November 2023 �v Ls at 2.5 percent coniparcd to 4.1 percent 11vorn ,a car ago, v,ltich is
acccardiri� to the Statc ofa�vai`i Dc-parlmetit ofl3tLsines,6 �.cerno11'.1c I)C%tilt}p111c6iLL Iouris11)
(Dl-iEDT)f phis positi -c chatlgc f'urthCr Sullr?t}rtS the idea that the C_o11nIy is experivricing,
strengthening economic conditions as e,,idcnccd by tflc increase in rc�,emtcs for the. Fiscal year.
In addition to the mild climate and natural bcau[v it sliares with other areas in the state. the
County fe,'�I Ure, tlae Ha%vai-i VoIcanoc.., N at'Lonal. Ilark, ita addition to four other mAIaonaI p:.irk
that focus on IILaxaiian c,uIILire and hi,uar):.
Tourism hii tfl�siiys Men cane of'thc major industries on the island. For the month period
ending. Novembcr 2:0 3. there ,� its tia iot#al 1)ro-1ect-3on of 1.761 ,fay} 1 tt]LrriSt arri,. als to the island as
comparc d to $1,65, .645 for the san ie. period in the. previous y'c car. Thi s repre,�nIeLi iin increas0
of'7 percent anti JILT-11ICT ctkrarihrrtt d to thc- strengthening economy Mng r:njoye,d by the (_ aunty,
Major Initiatives
For the Year
Public Safely - Ilawai'i 1'olic;c I)cpartment usher, ld to a new chapter In its histon- v,ith the
swear-ing-in gar' N lire C'hiet' Rtmiarnin. \40t }• MNiCI. in January.. C'hicf Lien as he is known, was
selected a Chief by the. Hava]'] C'[)urrt\' Ponce Commisston after serving. 22' ye as with thle
1.lonol1.11u f'ulic;c Depar(MC11[.
In May, the C'hiefatJtliorized the use of pickup trucks with an open bed as subsidized police
vellicles. a first in the history of the department. Given that I lawtai' i Islsand encompasses vast
swtaths of rural arid very nagged terrain, the use of pickup trucks, en{ablcs police officers to
$,Cr�r tlto COMM LLLfitk ba ttkr. fastt~r, and most importantly, safer,
On Septembi:r 16, 20222, the Ilawli`i Police Dcpartincnt i'�sucd its 11rst c-v'er ` nilc Ambcr alert
aftol the repo![od abduction. ofta 15-year old fmi ale in the Waikuloa sired. C ollctborati�e
inve.ti �atiwe ef161-ts includcd rnultiplc local, state, acid federal agoncics, as well as an
overw h0rnirtg anloa int of f7ornrnmiity support. This comil-amity c'callahuration played a critical
role in liii:xing the minor, freeing her from heT abductor. and lcudln.g to dw larres( of thc:
responsible: suspect_
In April 2021, Atca 11 Vies Section vvelcorned K) Kim, a two -year -old German Shurtlraircd
Pktintt;r wwhtr specie 'LYC in S11i11111g cut na17c06C9. K9 Kim replaces K9 Crory.. is l0-year-old
Springer Spaniel, who refired in. August 2022
June : 0, 2023, was the final day of HPD',s command and control of Animal Control. L:{arlier (his
year, I ltr",li`i C {rrtnty C.'cauncil pa.ssc.d Bill 22, creating a new Animal Control and Protodi(ill
Agency (A(TA ), under the Offilcc: of Management. L)ut'irt111 Hscal Yciar :'f;t:?:'-2023, 111'1)
adminisIrttorz� horkid tirelessly, .pending, IlUitdreds of hours overseeing Anin),A C onit-ol's
contract employees and daily operations, u-s- W01 aas creating new, civil scrvicc positions, policies,
till(' rrocedures to set A('PA up Cor success.
Tlic Hawai-i Firc; Departmc-ni illl"L)) achieved Significant milc�toncs this ycar. The aping. Bell
207 lrolicoptor v,as retired, m{akin way for the state-[rl-tho-art I I1 5 AIT-buN 11�211e.iap1ti r_
olrltarlcinL the department's �`aeromn 3ical capabilities. I'rider the �.uiclt�ncw �,ftl;�
ldcguard services were iaitrodticed at Kohanaiki Busch Park_ a pl%otal rrlovt btlic: I ill La's C)cr{aml
Sitfctw Branch to ensure the safety of beac:hgoers.
Public 14"nrka — Over the past fiscal year tlic. Department of Public Works (DPW) complcte.d
major prOjieCts to nur community inclUditag;
• Completed 522M recon: triiction of`Kalaniana'olc Street from Kan lchamclu'Railroad
Avonue to Ka'uhtarie Avenue., Pro_jk°k's cOnlpleted in coital-MI'atiOn with State r)o,F
and 1ncJude-, llhanf�erneil.L,, to thc rcudkw ay capac;it}, iniproved drainage, utility'
relocation, invtallation of a ncwwa(�:['tine, aaddiiion lanes ind ADA compl1Rml
sicicivalk:s, irnpri)N�td signag,e, and safety improvem7 )iN 1'4ar and pedestrian.;-
0
C omplewd. $ 1 1 %1 rcc01rstructi011 of 1Vai.tltuonUe AVCnue frorrt K4a'ixJ.lani Slr; eo to
Rainbow` Drive., ProjeCl inc'hlded pavenlinnt ri:hahilitation, sidc.vwalk repairs, irnprow d
access fear pcde.striarrs and bicyclists, Jniprov'ed tr43f1[c calnung measures, i.mpritwedl
sigma,,.. and strlping., and traffic dcti:ctctr,. l ltis �}'4�s �a �t[atc 1a'aras�rort;stic�Jt 1naF�rcy�ctaacJlt
Pro Tern (STIP;f protect and Aas completed in June. 10'23.
+ C01-1111lucd work on S_i [ %I Hawaii County Lmerg.e.ncy Call Centt=r Pro.itfct 1-:a
no.ww tic'ility for l'c7lic.c anc] lire �ii.bpsttctl alongwwith 13arkin�,,
landl CaPMg, back-ull gencrators, a cornmunicai,tiork tinver, and rcciunclartt Cooling Systems
for a county C[7MPUting center.
Culture and Recreation The Departn7ent of flark� and Recreation complctcd rrtultiplc
Arrxricarrs A-Lthr Dssab-I[ ties Act lAL)A) Tratnsitinn Flan prqiect4 i11CILicling the Pttpa'4aloa Park,
Paau'LIo Park, anti Magic: Sands Bcaa�`ha P'z rk a k4i e sINL1-1tV irnprc3vcJ11cnts Pro1cc11,. It also bcgan
the Nlastcr Planrrin�! and I_it,�iror7nicntal Assessm;l nt process f or Kcalakchc Park. Elilcr
Skate Park, Oi efanv,ievv SkaLC Park, Kikala-Knkea 11ark. arld I lawali-1 Nrad1.w Park.
For the Fufure
Public SaJ�,ry, .I he Police Depadmrn,nt celebratcd its 80"' driiiivcrsary on July 1, 2023, and
cc.lc brate.d by showcasing the clepartn3ent's hi:;tory EOr Ril dw,� on its social nicOlia
channels. It ,vas the first tirtie in deca de.� that the departrncrst ', 111w10rs` had been researched,
r�l�ilcr_ ucci, and displayed to the latlblic .
Faced %xith art Unprecedented 4Ia fEnv' short;agc, thedepartmcnt worked closc..ly with the County's
D.-partrnent 0 HiLL111an Resources (Of 1R) to chaingte the way Svc rccncit and oft -board nevv
i. laic'er5- Since :;vvit+:hiny tes tL contirtUous rccrlll[irnodel alld vwith I I P D taking over the acility
,c 11ng. front l]I IR, }Ne. htLvc cxperICIICCd a sOId&n influx of'new potential offlc;crs and c.xpCO't to
Dior, a third n2c;rrut cla-;s in early fiscal year 2:3-24,
Looking ahead, the. Fire Deparinicrit is EaoiNcd to en bark on tit rnidoT initiative, 1Ocusino o1i the
c:clmmunitY ri,.k atisessj ent, standards o c:over, stratcgic plaiinin�., and maasccr planning.
ensuring a mor;° efficient operatican and safer NtUrc f0l' (]I,-. wxrrlmllnity.
Public 'nark-i - I)PW is currently workin{� on these major Prc)jcct�,-
* Work, ing nn S 14M rcliabilitation c.)I'Kilmleta Avteni.le and Keavvu Strccl, Puiia.ha�vai Street
to Wa,Rr34aMUC The: PI-0-JeCt ir,clud1 ,.� paving and rehabilitating 6LFLg
roadways, sidewalks, an;J adding A[):1 ramps, Also ilaclu4ie up_;r:adc of cxli ting v,atcr
and sw-wer licles. Anticipate d c oniplc�tion d ;t%° is `ieptt lrnber 2024. .l his i; a STIP Project
• Working on 6NI rehabilitation ol-Walkc�loa Road from Nlamalahaoa Ilighw ay to Qw� -en
Kfa'arhurnanu Ilighwa}. Projc t c]tc.III&S rCSIIJ.fiaCirlk! (We:r I I miles erf'rnulti-Ltrlc�: Of
paventcnt, improving "houldec- , additisari ofbikc. 1ari:s, and, overall safer{v irnprov'emenB.
An6cipated compIction is Junc 2024. 'l his is a STIP project,
Working on $16M WaiAkcaTalai Stream Drama e imp mVerne Protect is a
partncr,lhip e+itha US Army Corps of Fiw1n{crs and i1)C1t,dcs CCMStrtlition of three flood
control features: tia ditch. livee floo(INA a]I tvith dctcritlon basirt, :a detention basin, and a
diversion ssructure- The prgje.c.t began in January 702,4.
• Wv kind, on 82145 M1a iit2a Lava Recovery relrairs, inCIOading Pohc i k i Koatd and I I f,13y+,��
1 i. to reconstruct 13 1niles of roadway surfalwe cie:sIroyed h-v the: May, 22018 crLiPti011 cat
-I-
K'iILALI a Volcano DPW also is partrierin2a %NLth the I)c•pariincrlt of 1t aiL!r'scjppIN to In,�lsr;bl
Q rtlib ti of ��raterline ako Jaitiagwd duriti� the lava flo,.% e%ew. I lic proil,ct %N Ill takk: 2.5
ciyrz to ixmplete Lind is Li pry}jc t Itltidt:kl by the federal Emn rgency klan.tgem. e.nt Agcrtcy
(fEMA)-
�koi-king oI-i *.. ; % 4-%file t`reck IIridge recorI. t,ca ~.tion, I'hc pro Ic, i ir, .L C 01I'Lhtrraltli3n
I lalt' I;1'k' tbl I atti a i i (1 :, i'"�) t.- dCI;'.11 'AI'lw114truct LL neee I'vhllrk-ct1 e'ori(:rety
I'-L'ltll'..' i+} 1'.'l� alte [he ext"'tLII lIL10111'e', I o(l) rlit.11ie'[7ttZt11 4lllll Lllipro-, liw;� 10iilt:
I .'l:ill;i]1g C1SL' ILI,shIrlk' k:,LtdL!k: i C 01IN(FUL'tItIII I� 171iIt ned to hcgIii II, II.,
-Wr rjre rrrrri Recreation The DcpArtment rtt 1'Li r-k., Linn Rcecrcailon will C0111 ittrtc of Ork lib
LA1111[1lcle ti :LA-.aining pre jq iins of [lie ADA transitign I._ r: ar.:� Otiv�r iclwdulcd
irliprowments prujIel't-� to PaA facilities I lit° Department iw to;Aords lhk
Irriplerllcrttation ofar ,.L ;Ir-IAI l p-i rnem S." which V�Al PTONIdL efIIIC V �lrlki ct�1,.w°rlrL'r;;
paN nlent opttcarts to alto-,% I Lv,%.ii i C ok-nl+ resL,.9cnis and : mior,� ,,,- L n k)N our CacdLIJC-�.
I he fkllloe ,J tg design and :onsift cht'.I pro jcc is to bvgin in 0-14 drt: 1. ,,.updho hov ko,,' R,-,trl,
rep.irr, 11,Jpa1,a} oa ('t °•w°re;,, P1,i�court., I I,IILI Sk,iic Park, kjac Kcpo 1) �Lt1arli 11Ll!0 1ti:LLI. P' IFk,
A1,0ok-011ncn ('I% 1 .%Lidi%c r i U M itr1b)rO%-rnicttta, Kati ,ansnal:oa Ci,, miiats,it.ii ii repair, 1'si,, IL�ix..I
Uoitrls k.islafrlcl Ue i,lt ), and Kcaslakehe Rt`gionall Park Phasic I.
Other Financial Information
I lie management ent of [he C ouni�, i,� responsihic for estahhshirig and maint linill�p .in llterr;.il
control structure dtrsiimed to that the ,1�sets of 6th CouniN arc! priliccwd 11-R) 1 ter
Mi use 'LrIj to ensure that a degLt3W accouTilina:' data a t:Lunpilcd to aIIu%% I'LLr pri°patro art uE'
fini;rlLe I:d staremews in. cortfomilre "ith �.encni11+ ;tcLlepted alccuuming priln TIc-s [ i, I Iitemal
k:ontrol "Iruclure is desiLmed to pare .M ToLi;olaahle, lout not ahsoilute, a>,,urnnce that
Ohle,ti6%L s are met, The coni�epz of reat,t]nable ,t95urince recognimi that d 1) tiic cost t-, .I conirol
. lJwktld 11 excced the herletit,s liLL~l) ru be dcrilved; Lind the valuation k)f CLYS11, a1nd hC11elit-;
r'eLltiire;,,,tIniaces.nJiLid vErsentsbyr'Itanagewent.
l rrrlr'+'frar r' ( 'antr of
1 hC Courlty T-udgetary t L)wrols 110 CF)Nrlrc that legal provisions of the annual hudgct are
complied u ikh and expenditures do not ewerd hudgeted amounts,
,Activities tiI'the kt;rlci fuiid and special r(`veilu funds are Meluded in the annual appropriated
tar rating; budget. Pr;.";L*ct-tength lina ilcLii plans are iidopted for the capital pmjects kind.
Budgetary control is c�itablished at the department levcl-
Formal integration 'Is ernplo) Vd as a managerneni: coTIM-11 Llevitre C(}r the general t"und,
SpMal I+:,t'FlU' funds, and the capilal procct,, lunll. Huth .etar� control "or ibc&N ke I'lind
is atehlc'e ,- 1 through general oblikw,altton bulhi indenlure I'lrtaVISR)IFIS.
The Task of accounting used for the budgets of the general and special revenue fun& diflq:rs
Crom getleMII cticLptCJ ticcarurttinu principIcs. Intergovernmental revQnues are rt eQo nixed ,vhen
awardA bv the granting tigrnC%, rnc4,nirhrances and unexpended allotment, .ire treatt2d a
expenditures for purper,e's tit' determining lcgal comphance "-it[) the annual hudg.n.'Lill leases aro
treated as operating leases, and acc•oun3 s pay thle arc noL accrued.
1 kits Cc t]tity also nlaintain, yin enc.umhrancc dc.COUJ`ittti� system as one teclinligue cif
acc:omplishitig. budgetary conlrol. U'ncull prance,: out Landuig at fiscal year Cild are included ill
the VUr_30LJS fUnd balancr cxogork s ba,wd on �Ahethtr the rt-�oLLrcc.S arc restricted, committed or
assigned and do not constitute expenditures or liabilitics hecausc they will he honored (hiring 11w
f011o ina vc.ar. As de1T omtratCLI by the ;tatcnlcnt,� Lind ,chtedulcs inclaaded in the litl,itl6: 11
scctiun Of1.111S report, the CotiM io rrscct its rL-speriisibility for sound titsanc:ial
nliin'ageiilent.
.Significant.4c•counting Policies
1'lirr C`ouiity has implenlented (Joverriment.al Accounting Standards, Board Stat+,rne'nt No. 14, -fi2c
Fin anc�rul R OI-Iia Ety.lky ((�'rASR Siate.rncilt'`'o. 14), Stateni�°tlt "','0. 19, l:)c�cfrrrairrrrr�F 1:� '12L lhC1_
'cr(ain (.)i-ow7izw1`oP2s 4i,e f (C-YAS13 St',jN2117ent NO. 39) alld Statelnk nt No. Cif
Thl f{'���,arr�i�1? i � rcrr fr'r� ; ��fr�f)rr�r;ihir,o t.rP caraicrclracr7J ir1 (1,4,S'13 SUfCYa?L'Rh -O-ct. 14 an,-134
(C ASB ` w,temcnt No. 61). All orLianiza[ilons, activities or functions that met2t the criteria in
GAS13 Statement No. 14, N'Ll. 19 J- 11d No. 01 Cor inclu,'Lon in tllc rc;porting entity are irwkjdt.-d M
Ilie Coijilty' ha5ic financial sta1ien)en[,- l:"c]r i'ttrtliCr discussion on Caller ,'Lgnificant acks0cttitiii
policie,, refer to (hC 1710tes to the basic i in,irIcial statcrrJc 11tS.
Fin aneial High lie* h6
(Ic}w'c,ryin�c ill �l r1c[i� tries incMisecl tile: C.'oiirlt . ", net PON-Rion by $25,1 7 million, which
rcrrrese.ntid 3. 1most the eT3lire loud increase in net positicin of the Count% -
There was a $257.2 niillion (37+°'d) increase in revenues from governnierJtal activitics, due to the
€{fllo%%-ing factors. As nicnticint2d preViuusly, the ('01111ty experic M;,M a S99.9 m11110rt increase in
ruvenucs froin iax,�s, whicdi wa prirn Mril;' a reflcctir�it of increase in real properly L aXC: trt ?3 7
iriilliun ZLEICI tt',WSient UCC0mn10datic1r1q tax Of $14.1 Millie n. The incrua., ti in real prope. ly
tax rcVCIILte,�. }Nas a dirty reflection of ffic totLil increase of$0,9 billion in aT sect Ventre Of tlic
net taxable rail property, with the malorite rr9 the increase stenitiiin� from the catLgory of (a.x INC
buildings ($4.6 hillion). Thcr County Aso r,-cw)f*.nizod tin increase in rc.vtnue froin the (:`ounLy
trttii5icnt accommudat[ons lax, undc,r ,-'act 1. I Spk vial Se*.�i�7n'2(}21, became lave on Jill
R, 2021. The counties vwere atifliori.red 1.0 c ttthli,li and admini4ter their or Nn transiertt
ac.cc}nlmcrdationS tax (TAT) at a maxinium rate of 3 percent. On Dc.:tnl)~er l 0, `'il2) 1, Mayor
Mitc:hch 1?. Firth signed into lake Ordinancc 21-89 �Nhich imposed a � percent IICTAT, which
shall takc cocci On ,ianuM[ 1„ 2t:��'2. r^+'Sclnic- col.lcctid wcre two be deposited into the Fcncr- 14rrld
as unrestrictcd rr;reiwes. The. tax �k , only inlplcnicnted for half a y,�cir in the prior fiscal %car
;and fiscal y v a r 2t123 W t1, tttc first frill year that the tux �k'as ui effect,
Overall expciisL•, front governmenial iic[i� tries increased lit S1_ 4J million (24'4) from the
previous year. WhiCh �NLit ci result Of tile C t-Imit) exptyricncmy a $22.0 increase in e pcnditin,es
-6-
rcIawd to genera cl£ainas and judgments due several large claims rcinaining unresolved at Ii
}'ear end Ind thus, increasing tlhe relsatecl liability. $52-0 nlilli(m of cxpenditures "'ere incurred iti.
1)raYir«! c,ttz Ittras in the Puna lava recover}` axca under a federal gnant in. carder to preve[ai statute
re
There was ako ail increase kit`: 11.7 anil11on related to salaries and �,vagce ,
inclusive of overtlnlL arid rlaflcrcnuals, dLLL' t(a hur�rtirairl4 aartit increaser.
Other Inform ation
In depen elerr t A uclrl
The County Charter requires 111 rinluaal audit by independent certified public accountank- Plante
& Moral], PLIvC was selected it) accordance with than County C h arur sand the procurernent
provls,Wns of the Hawaii Revised St{atutcs (f IRS) and I [�jwaii Adminkirative Rules (I [AR.) to
perfOrin tlae audil.
Iv°rrrplovee +f `nion Contracts
I Ia ai' i C aunty's civ-il sere )Qi en,l+loyt!Ees arc rrarrnhers ofcilpht different barg,at[ntlg u1ltIS, Of
which ,all contracts are set to c:xpire on June 30, 2025.
Certificate of Achievement
I hL: Ciu%C.11MLcnt l inance Officers ,�s.sc.acaatuan tit the ['rlited Swtc:i and Canada ({jl;O.1
a%kar.fed a Certificate of Achi,,,N- ;meat for Lxcellenc�f in 1• IMAICKII R pOrcing to the ('cyaatlt\ c51
I is%vai'i for its Atlnu;fl C OIIIprehen,�ik.c I"irt:aracial Report for the fiscal year ended JunC :;l), ,{) 7 1
-
Thi4 WLLa the tliirty fifth c0n5ecutivc year that the � ovt� rnanent has rcccl cd this premi'Uj U')
a,Asud. In order- to he awm—drd a C"crtiticate of Achimmient, a �fmw:rr}meni muss puhliwh 'Lin
easily retidable and eiticattltly org and }cd annual Ca}I pi-k pensive fina iciill report. This 1'C`pllrt
I7ll;5t s tisf ' k3o1h i,�cntrally ticcep[cL1 LICCULLFILHIg tarirlcik�Jcs find a,pplicab[e JcgaJ ra(16r�ni ni
C ei-taficate of Achievement k valid for a period oforlar year 4}all, , WC MiCVC our current
annual C omprclac.risive. Financial Report cotatinues to meet the C'crtiiicate. of AchiCVCMC11t
f'ro I°a[lt's I'ecluizea���t�ts and 'A'C arc :;Lthtlxittil`W it to the. Gl'-OA to dc:ttxrmine itti eligibility ('or
a Mother CCrtttlcat C.
Ackno PvlerlgmenIs
I tic preparation of this report v,-as niiide po .,s'L plc by tht cfficic°aft and dedicated scry ices of the
en'LiLi—c staff-cif-thc Department of Finance: and fist- al per,onnel in otllc:.r dup artincnts- I am gr-awful
fear their help in prep�lrillg this rcliort- I also thank, the. Mayor and the mernbt�r.s of the CoulIty
Council for llac.ir interest and support ill asslarin;g the con[inuirav sound Finaricial condition of the
County of I L
Diane ak�iga��,a
Director of Hnance
Government Finance Officcrs Association
i
Cert1cote O
Achievement
for Excellence
in Financial
Reporting
Presented to
County of Hawaii
Hawaii
For its ,=1mIlL411 COMPrOhensive
Financial Report
For the Fiscal Year Ended
JL11)e :30, 2022
f XCL:Larmr s DIFUCWr CL'0
.. 8 .
Count'O{Haw§/1
Organization Chart
Cauntv Eou■ci|
comm CQlmy
CErLA L aite
OEM ±m el(&kindcr
±mdw@e2§loll oAht
x m a /ur DiR GOE
Corpora lionComm l
I C Ince,
p1 ,ma
flk,, car,k&Dvepew
Public Wf p f
Far & J n
l6mmrw7'D&gy
County Electorate
Mayo r — Prosecuting Attoe
Off -ice of.M$£emem:
Munaging Direclar
»7r Legy mider
±eG RUB RRi o[me
Maim/nrDiecmr
Civil A.e
Q ec.1my
l£e7�-wme
0� < IZ«a,% &
Commun$� 6 ±W
DeparimentSun r
co m mla Gm and
adminkiratNe g 22 Riaen
of b e Mate E
2_w■vmrrq
Police
z%i r(: r )
Fere
�| r suppiy
gem m 1,S/
-9-
C ott n I Y o I I Ll wai i
Flected Officials
h, �: 11c. 30, 2023
2020 % J TI) i 2-1 ". �,'.Tdl 1, C I C C r S i i t�mi: - -2024)
Mitchell Roth i LIN Of
Kelden 'Kallicil Pl (I.,ov Ll I'l fiv. . %I Lorllt%
County Copncil Fcrm- 2012-2024)
licather L. KiwKill
Chair
0 I Aa Goro Iraiha
say Chai r
On..".. I van-,
\i, [ pahinho
Member
11T e r] T[ K, 1.1., 1 w ot I a
Member
\tw, K,,.ilcii[Vi-Kleinfelder
Mcnibu
Mcinbcr
,,in L. K - I cc I
r ecc a V I I I ega's
Principal Officials
Juror 30.2023
COII11[N Clerk
Jon I Icilricks
't+r111II" At.rdIt0r
I + IC1' 14C1if1C'I'
Inllt'I11s. I >:rc.1, r()r
I Ct. I tIrtI, P111)
DCPU[,� %Id,_:,ging Directcwr
'0111 hair
U LIFTX)fati071 4_ ounsel
I. ht tlxth StTancc
DIrCLIor of Yinance
DC311rla S.IkO
I'lannim-, Director
fendo Kern
Ditecior I . Per nnca
'A a,,len 11:6. rmfldino
V7 K, ears lh and Pe% loprt cm
Adam,,
C°L-wt o P.L'frCC
Ben-prim)'1'ir4rLo wic./
I ITC" (. 111[:f
Kazuo I odd
Ditect►}r of Public W ariks
`'+levLm I mk!Ttlaura
f iwc for of Lnvironmental Managcment
16111r1 Mi11mnir
.1' �, r,, and Recreation Direc(iir
"M atince Mcs,,1111
%lanager-Chief Lngincer. I)tpafinrertt of %� atghr uppl'�
Kimh c &IIrlt}t4.)
CI%iI I]efen se Adrninktrxor
t I M at] C %'IJV11LT
Dirck for of Liquor {'tint rol
t icrald T .akasc
kt,t%,, 1 ransit Adminioraim. Acting
Vict.,r Kindle
I_:.XL'C'L,''NC on AgIT19
wtilh.atta I Jr1 Ill
A(},n11C)f ice of 1 itau'sing ank
Uorn unity De;,SAIc}pmew
SUL'an kunf
l lf4"'s.'rt:+f s+r IrifO-mation IS-t1,11 ,11 I'1
It,i1tr;•:'I 1 kk 1:11tI..
l'lik page: inrznlionally left blank_
l
FINANCIAL SECTION
plante�1��
rnoran
Independent Auditor's Report
To the Chair and Members of t,r1e County Ccurcil
County of Hawa!'i. Mate of Hawaii
Report on the Audit of the Financial Statements
Opinions
plate A Mora, PLLC
10Woodmird Amrta,
D4al of V 4822G 1I�F.1S
Toi. 31' 96 72:7r1
Fac 313 4:�, ; f..:I
136240i nur& tCU. 1
VVe have audited the financial statements of the governmental activities, the business -type activities, the
discretely presented component unit, each major fund, and the aggregate remaining fund information of the
County of Hawaii. State of Hawvai'i (the "County") as of and for the year ended June 30, 2023 and the related
notes to the financial statements, which collectively comprise the County's aasic financial stater rtts. as listed in
the table of contents.
In o'.jr opinion the accompanying financial statements referred to above present fairly. in alf fnateriak respects. the
respective financial position of the governrr.ental activities, the business -tyre activities, the discretely presented
component unit. each major fund, and the aggregate remaining fund information of the County of Hawaii. State of
Hawaii as of June 30, 2a23 and the respective changes in its financial position and where applicable, its cash
flows tl-ereof and the respective budgetary comparisons for the General Fund and major special revenue fund for
the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We: conducted our audit in accordance with auditing Standards generally accepted in the United Mates of
America (GAA ) and the standards applicable to financial atidits contained in Government Auditing Standard's.
issued by the Comptrollcr General of the United States. Our responsibilities under those standards are further
descr:ted in the Arudn1cr,s Responsibififar s for fhe Audit of Me Financraf Sfalement,s Section of our report. We are
required to be indepeSrdont of the County and to meet our other ethical responsibilities in accordance with the
relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained s
sufficient and appropriate to provide a basis for our audit opinions.
Emphasis of Matters
A5 discussed in Note 15 to the financial statements, the beginning net positicr) of the Department of Water
Supply's basic financial Statements has been restated to correct a misstatement. Our opinion is not modified with
respect to this matter.
As discusses in Mote 1 to the financial statements, during the year ended June 30, 2023. the County adapted the
provisions of Governmental Accounting Standards Board Statement No 96 Suhsc0pfi(on-Based anforer,at.,on
Technology Arrangements. Our opinion is not modified with respect to this matter.
Responsibilities of Management for the Ffrramial Statements
Management is responsible for the preparat on and fair presentation of the financial statements in accordance
with accounting principles generally acceptea in the United States of America and for the design, implumentation
axld maintenance of internal conrral relevant to the preparation and fair presentation of Financial statements that
eve free from material mis5tatemert whether due to fraud or error.
In preparing t io finarlc;ial skate.�rlerlkw, rr,an.ygement is required to evaluate whather there are conditions or events,
considered in the aggregate that raise su")stantial doubt about the County's ability to continue as a going cor:cern
for 12 months beyond the financial statement date, incluc1mg any currently known information that may raise
sudstantial doubt shortly thereafter.
)I RAXITV
13
To the the Chair and Members of the Co4arlty Council
County of Hawai'i, Mate of Hawai'i
Auditor's Responsibilities for tfre Audit of the Finae wial Statements
O,1r ob ectives are to obtain reasonable aSsurar)ce -1110 t whether the financial statements as a whole are free
from material misstatement, whether due to fraud ,V, errc:r, and to issue an auditor's report that includes cur
opinions. Reasonable assurance is a high level of assurar�c-.e but is not absoluto assurance and, therefore, is not
a guarantee that an audit conducted in accordance with GARS and Guvernment Auditing ,Standards will 91ways
detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting frorn
fraud is higher than for one resulting from error as fraud may involve cotlusion, forgery intentional orrissions.
misrepresentations or the ove�ride of internal control. Misstatements are considered material if there is 3
substantial likelihood `.hat, individually or in the aggregate, they would influence the judgment made by a
reasorable user based on the fnaridal statements.
In performing an audit in accordance with GARS and Governrpunt Audiling Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error and design and perform audit procedures responsive to those risks. Such proceddrOS incluac-�
examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
■ Obtair an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances bu: rot for the purpose of express!ng an opinion on the e`fectivenass of the
Caunty's internal control. Accordingly, no such op-nion is expressed.
Evaluate the appropriateness of accounting polices used and the reasonableress of significant accounting
estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events. considered in the aggregate, that raise
substantial doubt about the County's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged oiith governance regarding. among other matters, the
planned scope and timing of the audit, sign.ficant audit find.ngs, and certain internal control -related matters tha'
we identified durl.rig the and t.
Required Supplementary Information
Act :ouwr r;--) principles generally accepted in the United Mates of America require that the management's
disc;jssion and analysis and other required supplementary inforrnateon, as identified in the table of contents be
presented to supplement the basic financial statements. Such information is the responsibility of rna.nagement
arid, although not a part of the basic financial statements, is required by the Governmer}tat Accounting Standards
Board. which considers it to be an essential part of financial reporting for placing the basic finandal statements in
an appropriate operational, economic, or historical context. We have applied certain limited procedures to the
required supplementary information in accordance with auditing standards generally accepted in the United
States of America which consisted of inquiries of management about the methods of preparing the information
and comparing the irftrmation for consistency with management's responses to our inquiries, the basic financial
statementsand other knowledge we obtained during our audit of the basic financial statements We do not
express an opinion or provide any assurance on the information because the limited procedures do riot provide
us with sufficient evidence to express an opinion or provide any assurance,
14
To the the Chair and Members of the County Council
County of Ha at'i Mate of Havuai'i
Supplementary Infer on
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively
comprise the County of Hawaii, Mate of Hawrai'!'s basic financial statements. The combining staterents and
individual fund schedules, as identified in the table of contents are presented for the purpose of adn!tional
analysis and are not a req,,Wed part of the basic financan! statements. Such information is the responsibility of
management aF7d was de'ived `rom and relates directly to the underlying accounting and other records used to
prepare the basic flnancoal statements. The information ha> been subjected to the auditing procedures applied in
the audit of the basic fnancial statements and certain additional procedures. nofud.r)q comparing and reconciling
such information directly to the underlying accounting a-d other records used to prepare the basic financial
statements or to the bas-c financial statements themselves. and other additional procedures in accordance w,th
auditing standards generally accepted in the United States of America. In our opinion, the combining statements
and individual fund schedules are fairly stated in all material respects in relation to the basic financial statements
as a whole.
Other lnform�gf ion
Management is responsible for tho other information included in the Annual Comprehensive Financial Peport.
The other information comprises the introductory and statistical sections but does not include the teas°c financial
statements and our auditor's report thereon. Our opinions on the basic financial statements do not covet the other
informatior., and we do not express an opinion or any form of assurance thereon.
In connection with our audit of the basic financial statements. our responsibility rs to read the other information
and corsider whether a material inconsistency exists between the other information and the basic financial
statements cr whether the other information otherwise appears to be materially rnisstated. If, based on the work
performed we conclude that an uncorrected material rnisstaternent of the other information exits, we are
required to describe it in our report.
Other Reporting Required by GavernmentAudifing Standards
In accordance with Goveror'no, ,; Au ifing Sfandards, we have also issued our report dated April 26. 2024 on our
consideration of the County of Hawail, State of HawaiTs internal control over financial reporting and on our tests
of its corripl!a.nce with cei-L n r-rovibions of laws, regula#ions, contracts. grant agreements, and other matters. The
purpose of that report is solely to describe the scope of our testing of internal control over f!rancial reporting and
compliance and 'he results of that testing, and not to provido an opinion an the effer,,Jveness of the Coun;y of
Hawaii, State of HawaiTs internal control over fnanc":al reporting or on compliance. That report is an integral part
of an aud,;t performed in accordance w!'h Government auditing Shmdards in considering tyre County of Hawa! i,
State of HawaiTs ! nternal control over financial reporting and compliance.
April 26. 2 u'24
A4C& i 2i"C d f 00 L. /- C
15
MAN A(JE!4'I)E:NT'S DISCUSSION AND ANALYSIS
This scctiurr of the County Of 1{tMat`l's(thC Count).) Annutal Coinprthcrisivc Financial Rcport
prescrrtS a uarrative Ovi rview and analysis of -the fin-, rncial activities of the Comity for chc fiscal
year ended lane :30, 2023. We encourage readers to consider the information presented here. in
CoIIJI1110 s;rls %6Lth adtli(K)11€11 ilifOl`tllatillrl that WC fbavl:. f'ErrnjSliCd 111 raur' Iettir Oftransrrlittnl.
FINANC'IA1, IIIf.11LICEITS
The assets and deferred utitflow:, of resourc" of rc�,okm:cs of the C OLLFAY ux-cccdcd its
liabilthe kinkl ofthe fiscal year by $573.3 mid Iklo (rw-t
position). Thitsarnotfrit int h.idc� i me ),,7ri\tr b., LiIicc tit 7:11.4 niiIIi0n in unrestricted net
p+asitiois, a positive incrcasw, 4. im.'lic,ii from the prior year, whicli is explaiiied Iil the
sections below_ This amOUIlt includes $2.4 hi Ilion of total. assets and $1 58.7 million of total
deferred outflows 0frescatrrf es: S1.8 b i I I i u n of tat aI liabilities and $t97.9 iniflion uftotaI
deferred inflows of resources.
As of the end of fiscal weer 2023, the [`amity's governnivritaI funds reported combincc!
cndlrig fetid balances of-S,)V-b million, an increase of'S-209.1 rnilhon from the prior year.
Appro\imatti} 35 percent of this total amount, �S206.4 million, is itvadable for ,pending at
the ( ount)'> cl§scretican (unrestricted fund balance),
• At the end ofthe current fiscal Year, unrestricted fund balance for the general fund was
y';--42 3 miIIion . c,r 31 pur,:cnr of total 2encral fund expenditures.
OVERVIEW OF THE FINANCIAL STATEMENTS
Ibis discussion and analyis is iritcodud to sure �.: ii, tiSL iIilroducli-:>n to the County'.; Li isic f wiIici;Sl
s1atcITlCIl(.5, rhC C.otarrty's basic financial slatcaicim comprise three components: f 1 )
Government -wide fitianci'iI statemems, (2) Furrcl fina nc.ial ;tatelnenrs, and d:31 Nodes eta the ha.�ic
financial Statcrmt nts. I lit report atso contains both required and other supplementary
information in addition. to the btii,ic financial staterrt ;nts ilicilisch c.s.
Government -wide Financial Statements
The ,t,,mcitimeni-wide financial statements are designed to provide readers with a broad overview
of tlle. Comity's firutnc:cs, in ,i ru,inncr 5imilar to a pr ivite-seethe husiness.
The statement of net position pr,2>etitti inf€ rination can all of the ounty''s assets, deferred
outflr ,k� of rescrurcCS, 1mbihi:k ,. XIJ deferred inflows of resources, with the diflcrcmr e reported
as act position. Over tune, 7I 1ccrCascS in nPt position may scree as a useful indicator
of whether or not the financial po ition of the County is irnprovin- or dctcriorating.
The statement of adivilies pres,.:r,� iiIforai3atican showing 110�- tkre C Elunty's rlVt position cflallgCd
during tfr: rtrC}St reccni ti.,c,31 year. All changes to net position are reported as soon as the
underlyirl� event giving, rise: to thu changU occurs, rcgardlcss of the lirldrig of rwiatcd cash haws.
Thus, revenues and c:xpc riws arc repurtcd in this SWCnicrtit f'or that Will aril} re:scilt in
cash flat%-; ill future fiscal periods, such as revenues per-m-Ining, to uncollected taxes 'Lind expenses
pertaining, to earned tart unused vacatimi and .sick leave_
Both oftht: goverrlrrrcrtt-t+-ide fmariulal statements distHiguish ft,rletiurls ofthc County that arc
principally supported by taxes and intergovernmental revenues (governmental activities) frorn
Luber tiltictions that are intended to recover all or a significant portion of their costs Through user
fees and charges (bLlSh`Icsy-(ypt: actiViticS). IA: guVcrrwrncntdl activities ofthc C-oclnty include
public safety, highways and streets, health, education and welfare, culture and recreation,
- 16-
w;aniratinn and general go verninenr % buainess-type ri t.vA.es OCT, NOW, irichA r HMI.
hotv-,ing fi,t r ;etrio r citi7.eli*4 anti Eiill iIie .
The go. ,crn mr nt-v ide financial stmerneMs iM& not oiil� the C Cunt; itst:ll' (kr1vv u a the:
primar• government), but aho the Departincni of Wata:r Supply. a 1,010 swparvrte eini } that the
C'twnry is non nc:inH s:.:c.tuauble Tv WorleAl h1brliiation frar thiw wripnnent unit iv reported
sep,aratch Urn the WWI IntM lt.on presented f u the primasr} go ernmcnt itself.
Fund Financill Statements
I lie fluid tirlrrncial Awernown an dAgned tt; repOrt inkurna3tbri albw groupings o related]
aC'C't",tllit � %s hicIi Lirc uavd to Illaallitaarrl G:u10Rd over rL'snaces That lrave he en segivgat{d Or spnin
act IKos or ONCCAven Joe (Anrnp, like thhtir statr grid local ginernnlcnts, rases Iua1Ll aetOrlrrtill
to ensune and dernonstrate compliwlc: Nwith liImed 1gL-1 regiiirements. A]I of the funds.
of the C'auntr :an be diWdvd iMo to f;91;>w ing tliree categories: goverrimental funds,
pruprielary funds, -Li rld frdticiary fl111d.s.
Governmental funds. G.VCl—lllneAltzal frnIil, ai-t, used to account for essentially the same
i'tmoiojis ie[iorted as governmental ask hik, Ili tl;a: Lr0Vk HT1Clst-V,-idtG firlBRtuil . T;i10111C1]t5
I.t°., mom oft1w Cuwoy's b,{sic gcrwices are reported in. ITS+vcrnn;cntaal funds. [lsc,sc
vmonenh. h[7'a1'onQq M Us 011 ( I I W cash and ol her financial assels can road iI., be
00101 tc:d to ov adiibli: I'esoui cux nmi Q ) thr halla rmcs QI'l at y aC-C: & TIS7t as a%allalzle for
spoKling, Such illfi"lrmKon nia; he uwM in detc l-minin }. "IN; financial resources are
av ibble in the near tutrsrc to ftnaan,-e 1,hL, ('ouni�'; l7rirErrlln�.
Rocatlwe The Ric us of goi4erllr,sultatl Rubs is n rr(�Wff than 01AT Ofthe go,ornment-"icic.
nnalticwl wtrate.11lrllls. 11 is ums h,l to coilipare the informatwn prescntcd for gL,%CrrtlllCiitail
funds" h similar itUrmaation prescntcd f6r v,ov rrimentarl .actlritics in the goverriment-widC.
CinatllAl Matornonts. By doing qn, readers Ina) Amer 0udVrMttu 1 t]sc hna}-rcmi impact WAR
pokernnient'w nc:ar-tcrin Wowing inn M41till B. Both the k.ovannlcntial funds bal loc'e sllrel
and the govenulicntal fiRM stm meat of rcwmwy, "ponclittint ,and charges in fllnd
L?;ilx)ceq prOVidt 11 FCti:01Sti:Yliatwn to t;,wililalt this comparison bet1 ei2n rovcTnnll;lAdl CUIKI:.
and governnwnl�fl
Illy C ourit� rii,iiolt:ains weveral iAividuasl cmincrltal fund,, organized 7ccord in�1 to their
type gennAL speck! ra ow, debt saw ice, and capital projects). Inforrnai11ti�11 is pre entM
separatel) in the crrlmcniA fuild.�, bul.ancc sheet and in the gonerninkml.Ld funds staltmiQw
t71" rwv4rrucs, c.\l7enditur M and chaanges in fund ti}Itl;tnccq Rw the gcnend lurid and vapitaal
projects fund, �%hich are �:oirl idcved to be rrr jOr hinds. Data frorlrt (lie rclTlalrllll
irov:rimwntal CmAs in combined into as lino" ayNgatW prwsoMaTion. Indbidllasl NO
data Or eddl vf sllw non-Inal or govertrmenMI Rruds is providL d in the form of'co nhinin.g
3ttitwmcnts w]sLv.liere in [Ilk report.
Ile C'tlunty So, an manual apprclpriaated budges Ar its general fund and special rcvinuc
ftilM A burigc air compaarkon staacn;ent has bccn, providk d for tbc.,; Rind,.. to �Iwrrr4}n.wlr:rlc
compliancQ %� ith dii�, budgct I'IIc budgemr; coml;arisnn statement Icir the general fund all6
We l faiwasii cmm, housing asgwncy aarc. Imatwd in IhLC basic fitt:anciaal suiten;ents, Wlereas thr:
budget y i.anpudso l AM, hor the nonmajilr special rLvCLILIC ftlncls tisrc prcwritcd
wise%%lie re In this report.
Proprfeiary Funds. PropriMay Rinds arcs penerailly uncd it, MOM Wr saviics Or Mich
Me C ou , charges outs de cumorners. Pmpnoatr} hulls prow ids: d w same ope of
information as in the gokcmrical."ide fi iancial sTatelnentw, only in more detail. flic
C-cisruly ttt3itrtlin5 Only cane type ofproprictary funds, eFiterprisc fiends. )Enterprise funds
- 17-
arc rased to reporT The same presented as buslncss-type ainlvitic�, in 111r �civcrmni1 n1-
%i ide financial statenicnt.s. I'lic C'Ou1Lty uscs enterprise fun& ro accourit t6r the operations of
the 1CulainTRHO hldcrlw Housing Projw aria the OuJi Fkahi Affordahle 1 fousin , f'ro-ieA_
Fiduciary funds. I=idLlciat): f441TdS atc ilseci t41 accraunt fnr rC,CILLr'ccs held for the henefit of
parties nLrtside r17e C OL1111%� I h--� prNAI.: prlrpoc ,c trusts and the ius1k,d1;i1 f'rI id,, z,l'�: reported
under the Ji11uc'iar� fu d-�. Since the rt:wourtx,, of these Hinds are 11011 aV LilahIC tO UppOrt t1w
CL}urit�'s c>w17 I}rtri:,' Thf 2� are not rrfle,:,L�d in tllc guvL:rnmcW-}side 1�n mcial mtenmits-
The ac4outitinp. iisckt i6j- tidLici�srr futids i.� RLLLch likc thm used for proprieTary fluids_
Notes to ft.13 §i�.Fii ancial Stalernenis
The nnteq io rile Basic tinaricia[ statemrnt> provide additiOnaf information that is essential to a fuII
Llnder�imidi[U-' of (ILL: d.1t,1 f)r0vided in the �,overnmcnt-widc and fund filsariOal statc.mcnts.
Other SupplvmcntaInformation
In addition to The basic Kriancial statcrnuits and acLompanying notes, this, report also prcwnbs
ccr'tain required sr pplementary inforiniit1011, wllich is presented immediately Collowing dic nmrtcs
10 the basic financial statenicrits, The ¢:ombininp. staiertterm, referred to earlier in corincctiuli
nomi1ajcir pvcrurncrital funds anti hudgetar4- t:omparisuri sfAcdulL:s for 111e 1:10nmajorspcci,,d
rt vcl]Lle Funds are presented immcdiatel� fokowirig the rcgLlired supplementary infurrnaflu[i,
{;{)Y)h W .MYN'1 -W IDF FINANCIAL ANAI,Ir•S1S
Condensed Statements of Net Position
June 30, 2023 and 2022
Fri[gl y C gvcrii
in? nl
{.UvPflilli¢n1R[ ,irlivirrc -
BLtSiness-twpc AC1'.iVitiei
71_Y
7
M
2022
2CO
ZLL
-1ssels;
C.Llrrun! Dnd 011wr ;-. Ssc_
S 81{, __.=,� 18
S 51,'?,}1,4i.{1A1
$1,201,831
5 '.091 447
5 91 1,772.649
S 563,424,528
L nnllal �MseLs, nc'I
1.5 sJ.7Tra.71J
_. .
11Z7.'9' f?,'-`>
s,�ra5,54b
—. —ti5�
i 55?,;2'1 29{
1,43U,¢174.54t)
r-11alrlsseLN
2.3bu.1A567
1.V0.251.2.5
4.74h,37
4.6118.8j7
?.16r%.t,949,4
I,,J{)490,07�
0rRcsourccs;
19 X,7:1 $00
172„440,984.
-
1$$.Ti]3,540
.._ _177.,kd(}�+}gd
1111Al Is4r1s and IJrrcrred
Oulrlsn%; of Rciourm
2.,519.11i2 t?f,7
2.162,692,259
�4,746t37?
d.6488U2,
2.523,M,444
2,167,341•061
11;, bi IIL,i}:
I t Y i. ".. o m 11;1 b.-11105
:,.,LSLandlr
I,iBT.I{r3.''{,3
1.48? t}; ,I�Jd
S,040
41.501
1,587,174.853
I,02,Na .695
t1:1.cr:13h:'.1,1cs
175X6,6 2
I•l _6aG,f,B(�
91.2w
90,049
175,147,542
142.760,735
ft�r31 11;,t lllilc4
1,762,420,,4R5
1.625,272,90
9.v.a.)
131350
1,162,519,695
1.625AO4.430
Deferred Inrlcnrs
01'ItcSlrurcc%! 187,S)41,365 _223,4g6ft - 187+I413b8_ 223,d0(r¢i2(+,
TDIKI Li�i bIIIL>14s ItIMt1
neferrcd Lnflijws
Of 90,291) 131,550 1,950,461,063 49 SI L356
Net posiitiow
Nut ;mcgiliem 141
CiLfMiArLMS-10
I.1,.27.9g2,$44
955,7-K185
3,537,456 1.513,854 1,011,530'm
959-24S,039
RCStfKtf:1
2$3.205.M?
t 1 ,7;)[k,>lv9
•- •- M,205,M
114,790199
U13resuicctcd
474?.50a.i:1-6)
(756.512.1531_)
+.,109,h3I l.i(1.3,396 t741,396,505y
f '5 5.5 :19.23 3j
i C1 F1 k'. k rit}41F1,,11
S 5t S.64iC.2t .}
5
4.647.010 9 4.517,252 S573.337.381_
,ou..war •., ea�a�r ,,��
- h3: �.52w.7115
18.
Annlysis of Net Position
As [LotCd earlier. im position nii% si'rvc m er rinse as a USeCUl indiQato! t'A_,i r.overnmont's
financial position. hi the c,l,,e A .t11 UOLl11t, a is arld deferred VLlIAt+kw; 01 resources exceeded
I[ahllltles and deterred f)) +.? million at tier clear of the most recent
Fiscal Fear.
Hi far 11,e fifflr C. ,T frOrthm n!-the colilrty'.; not poc ition reflects its investment in capital assets
(e_g., land, hilildinv_s, i1i1'ra,,tr1.l4:trlre, and cquipmunt) Icss any related debt Used to auquirc: these
assets that is still t�utst, rLklill;... The Count)- uses these capital assets to provide :services to
citiietls; emsequentl , thl !w assets are not available for future spurlding_ Although the: CocLnty",
im-estnlent in its capital ilti4 tw k ruported net of related debt, it shcluld be nested thilt the: rCsollrcc5
nctdcd to repay this debt 1r141st be: provided from other sourixs, since (Ile Capital assets thclrlselve: i
t.:0111101 bl' 415Cd to IL4IL idate d1cw fiabilitics,
Ali jt1d it loi l s,ortiot1 oC i he Ca unly's net position represents resotlrces that are subject to exterllltll
1'etitr'iCtiO;l� 01) 11OW (11CY Illa, bC Used.
At the end of'rhe current fiscal year, the i.'tluntV is able to rc°pclrt positive balatices in two of its
three . ate;grorie�, of net poc itian, bath for the govmimclll as a v hale, as well as for its separate
uvcrnmc[ltrsl tctiiitic5, All three eale?ceies of net position are positive f'ilr its business -type
autivitiCS.
l lle Comity's not pnsitioll increased by $25 1.9 million Cl- in tJ'IL: prior yCar, WhMl m'Lt5 ml immat"w4°
of $122.8 ill ill ion 19 3` t I'n-,ul the Incro,,wt- tll:lr vL 2,Lpi2riem- A last fiscal year. 111C nlclill
reasons for the lcl['IjL' ILl I'i':I C ill thu CLll-r4111 ''.4lkr" k;Itilr; 5e Ct4Ll Iaw1 e:if, wa.", d1.11: tO7 1 yllh t,L11t14L1
increase in rc.cllrLca irons t,i wr of 98.9 nllllicia from the prier year, SSI 1 1.3 million ofroad
dc.dik�atiolls and transfers from the State. I hip was in addition to a ciecrc°a e Ill cxl�e,�L;lin,Les
relawd to the C't: im's net pdrisit n and othur past Cn1ploYnlcnl bericfits (OPF_'R) 11,3bilit) 013
comb111ed total 4)fi]l��?I'x}\1111£lt,21� � 1(l., In IIIIClFl.
`iCC fl,rt)Cr d1 Cl1S5141[1 re'iirdltl} the Chang%fs Ill the C114111tj' 4 [lrt pt}SLtI{ ll 1R the suctloll labeled
ArlaIysis ofCllangcs i11 Nil PosIti1111.
l'llc ('01-111t) .s FlCt assets increased by 51212.3 ill ilIion (1) percent? ciclu to the largu Wnount of
Lap15'11 111,11r4,)1'C[ ent projects done by the C'Qu11ty d4Lring tllc cllrrclll ;'tear and lrlfra.struclure
related as: eB th.Lt }wrc contributcd. Scu further discossion ofThe irlcreal e in capital assets on
pa c Y 4 .
The County's long-terLn liabilities 01.1tatlilrclirlL1 ilsurcas ,Q l b: $ I04-. inilJioci (7 percent) dnc
P111r1iirill, tO t110 issuance oC$99 ill i11ion of general obligaLicln bands and $29.5 million of band
antiripzction riocc� that were Iml paid until SUbSequent to flscrll year end. A111101-1gh the C€aunty's
net pension Iiabilit; increased by $19.1 r[Lilliw+n, This %vac offset by a corresponding decrease in the
pr[.ljucted dc.fcrr-cd inflow of resources related to t11e liability and not by mi incrca x in
expenditures, There Naas a $43.3 million dccrcasu in the net othr:r pa, t-crtlploymcnt berictit
obligation. See further di,.<msioil of dic incrcast in ]one.-wrrlj debt outslarlding on page 27.
- l9-
Condensed Statements of Activities
For the Fiscal Years Encletl June 30, 2023 and 2022
fir%Cnum
;Irogram rtw Cr1ue5
L harp c% IL:r servicci
C 1l,craL.n,P L ronlc a.nd cnntrrhn1jk3ps
('n5¢ II"I I?r ui,.: ;I,1LI 4;ti-n li IItkII Iti nS
r~.. cilera1 r,:VI:41WLS.
111Uptay 11mes
1 OKU taxes
Grams and martbufloris. 4 wcstrldcd
Inv.WTLLn[ i'anaa eps
{a'ail
I� laI n�verLLl�g
F,xperlsrs;
'.i[II_.•; .1 J,1}SCSI1111L`RlL
Pub.IC ti:IILL4
1-1isih4.,N%and 3lrtitilw
I Ival L11 4LI LICLIL ikyiI Lii Id wcl fari
UI1!tLI re .and reeICataon
tia-:IraL.on
1111 LTOM Lm Inalg:-4cnit iltbl
Too l
11I,jCc,5w .n nrL 1,,sLlwn
bvl6ik! Ira n%I L'rx
aa914,�C uo 11w4 lx,slta0n
*1 1Osltrun at tP-gamin?. 01 ) :,cr
CI pc srtapll al --md n t .� Car
Prim mry (;overtime* I
G&wrrnmenl>AI A4 aivitles Jdrxie4 .ly.rt ArllrlUc�
LL B' _._ ' _ .. 4D .. 1(:2 i C}.
Totat
C)23 L72
$ 64.789,259
S 59.815,472
5 541,139
SG A72
E 65,330,11"
$ 60-316.4-1.1
141.6t);l01U
I(;? 1M.921
331.282
7.77.W
14ZO21,292,
102,4A,758
139-937,282
36.716.672
139-9317.282
36.716.672
445,898369
372-144,094
-
445.888,368
372,144.M
145,073,344
119,947,854
1-*,i1719 44
1 19,S747,951
912,817
63K.7.9
A[2,H17
(11811+t
11,1(05M
'11013.002
2.:04
436
1I.J03,784
190-438
1.439,202
1 .6g8,5.'1
-
I,438.202
I,6i3t A11
d' a,525
778,745
5151,605,547
694,317.32.3
102.326.533
84.642,838
-
-
J02,326,533
84,642.638
231,m1I768
242.5SS,,50
23C,891.'.-68
243-555,050
i V' ;K;I .1 ;,1
fPb.4`'2,718
1.12.�S!D,459
66,452,718
11 5.ig0. 138
61.231 .3f:t
1374 23#
728.451
11fi.454.376
61,9511.70
36'26'i'1 r`8
32.5-3.321
-
36,267.778
32.573.371
fi41.T45,411
6:,075 ar}7
-
64,G9S.411
61,E1"5,3,J7
1:3,L91,506
13,411.48C
13,181,SC5b
13.01[ 131
69T;49 593
66.,541.OF
91-03$
728,454
4)5-79",,8.3P
61..2`idJ.177
254.80.399
131-997.555
29'
513.291
254.80,676
132,(47,846
(;2°).5481
k175.8Ft)
1.29,518
17>,881
251.677.M-
131.821,6-4
129.835
2,26,172
254.807,676
1.32.La4'.Ali}
+1.1 01 _ -:53
1 M2,191.: ".-1)
{ 17.2 2
,2141 08fi
3' 9,529,-t0
18b,:1151.959
3t ii.t,!Jia.2`t}
S 3,4.1112.453
5
5 �,5 17.252
5 5-3.33; .381
5 318.57ri.,65
Analysis of Changes in Nei Position
4y(lvernnvn>;al activities, Goyerrllilelltal aCtiViti(2', illCreMiC;d tale: t_'OLIDLt,'S 11Qt POMtioll b} S25.1.7
million, %Oicli representcd altllost tllc entire total increase ill net position (A-111C CoLinty,
here was a $257,2 InillitOM (3 1°f�} increase in revenues from governmental activities, due to the
faIlm� ink. factors. As mentioned prc� iouwly, tllc Count?- zi S98A) ill II,IIon Lr1C:ruosL' Lrl
revcnucs torn taxes. whidl wa5, primarily a reflection of increaws in real I}roperty tuxes of $73.7
million. and County transient accommodation,, tax of S 14,7 rllillit}n, l`11L' iu� in real properlt ,
tax revenues waw a direct reflection of the total intircllsL elf" S4,8 b1111c 11 ir1 a wsscd Valuc of the
net taxable real property, with tllc majority of the inc,rcasc �Iterrlrrlin g front) dw category, of tamable.
bl.tilc mg(S4.6 biIIlo-i ) I'l1c Courlty aka recognized an increme in reenue from the C oLlnty
transient accommodations taX, Under Act 1, I` Special Session 021, wIli,:h becane lain on .ILL[y
8, 2021. I'll(! L:kllllltlew fi t' al,ilhorized to establish and administer their own transient
accommodations 1sx ( J'AT) a1 a ill axilnilm rate of 3 pcnr gilt, (_)n I)i:-ccinbcr i 0, 202 1. Muyur
N1Itc1)QII C)- Rotlt siRned into 13%% ()rdirlance 21-Kt) )Ahi,:h imposed a 3 percent I IC,I'A 1', which
shall take eltect On .1.11)Uar) 1, 2022. h.'tonie, collected %,,crc to tr4' 4Iq:iosltt:d 1r1 a the gcncrrll fuild
as urlrestri.;tcd r,VL� IILJL-s -I Ile t,1x wo� , orfl! iniplemerlted fiar half a y�mr in the prior fiscal year
and fiscal scar 202.3 was the fiirst full %.ear [hat the tax Shaw in effecr.
-20-
Overall expenses front govern mentaI activities increased by $134.4 in iIIion r' ,') from the
previous year, which was a result ofttre C OLI.Ilty experiencing a $210 In L:xp•rlditurt s
related to general cIEdins and judgmentsdtic several large �;Iainls rcinainilrg LIVIFVY.Il> :1 Ot fiscal
yearend and thus, increasing the related Iiability. There N as aIso an increase of$1 l.7 million
related to salaries aril wages, inclusive of ovCrtirrir~ and dif ereatials, 111.1e to bargaining unit
increases.
The L:Iiarts Yl c)%-,., illtlstrale the E'.k.)1 vi nmk rival and revenues by function, itII(I It
revenues by source. A,, >l;<: vt jl, piiNi�: i:, the hTLL-s1 fulll:tion in expense(33 percerltl,
fi)IIowed by Illgf14 Lo atilt 'Itr-At, (I') I1L:rL'CW j ,irlI. l'i'Illw:;;ttUn and ~Welfare (17 perceiII1.
GC'7ttr4l revalues yu,: i <I?, pr''. pk:j'1y ;IIIJ other t.l\if, Lire nor bN program, but are cffo%tiL, I�
LISVLf 10 SLIP.7UF113r11�rinu:ltat a,CIi1-KiQ.� o,' cralf. 141ihoiit
regard to pioYt'anls. I?rkTtI-t% la\r', _trc the largest 51ti ',i� ',t.'ilTl'4 Or f�LIMIS ? 4 ^ J",Li', �iYl
other taxes(! 5 percinti.:I,,;I pl ,,,lira-. 'r.,nr- inn contrii7l_ltik w., i .
Expenses and Program Revenues - Governmental Activities
Year Ended Juve 30, 2023
jiLl4.... !.IJI��. r.i,r,tr. ■Fr:-��ram "RW�W,A
St5c J.JJ,l:l:;
k le
�4
Z,b
_ 21 .
Revenue by Source — Governmental Activities
Year Ended Tune 30, 2023
Grants and con',,i_u; ons
nprr#19SEeafos^er.lrr.-------_ OttNv.51,43$,ni
prQpans. Sau.S7 1^4essme^tcam,67:`
I i 11. lU 1.660
Otheriwes
514s o73, 3a4
5a45.888, 3t e
•— —�� Cra+Se•� hu srrvis rs.
2,19
J i:r•ij1ing E; nf,jn:;
�urMiWlannr.
S141,690,"10
01— Caw cal stank ofri
Business -type aetisvities. BUS1IL,'.,.., I .11,' ;i,:ti-, iltL'-. I 10 r INoSllLon rnclv,I-,e Ids, , i tl.i_':'tlt�la I -Id I1:_ti 'tri
extfetttely minimal impact on the in tiic 4.'oulily's net posit on or,cnill. l by i,l0c-1
that contributed to the increase is the capital assci transfer frow The governmental activl:Tli , it
S1 _+i.1,000 Expenses Eir health, cdLicalion and welfare account for all of (lie $87 t�l
Iti.h rcprc�cnts it 20 percetlt increase from the priory car, with (lie largest incre.r.s4 t`LCUFVInL; ill
Oic sirv;i of ulilities, Mflch increased by 56 percent.. Uliarves for survicesWerc ;.i , l tier 1nJ
operating, grrants and ccrnU-ibrlliunS were $331,28?, iN.lsich .' crc comparabIt: ro Thy lir i'1r .,i:,rf.
FINANCIAL ANALYSIS OF T]IE CClI1NTV'S FUNDS
As noted earlier, [Ile COUnty uses land ai:ki iml iris_' t..> k I!`-.?Lr4' ,wil o1f11pl1m1k't:' %%1th
finance-rclatcd legal rcrluiremerlts,
Gonernmentallunds. The focus of the C'ounty's governmental funds is to provide information
on ncor-torn inflows, outflows, and balances ofspendable resources. Such information is useful
in a rssin� the (-ouno,'s financing reyuirclttents. In Particular, unrestricted fund balance may
serve as a useful mkf .•Sore (if a government's net resources available for spending at the end of the
fiscal year.
As of the end of fiscal year :'o-' S. 1114 i. ' omty's goys - rtrn%:w,d fLlnds iepor-Ted coinbinCd ending
fund balances of $585.6 rnillioti, lri iilcrcaseof $Di 9.: ill iIIion l56 perocnt1 in comparison Naitli
prior year. Approximately .15 percent cit tlhis t,,tal .>niounr 1 million) constilrtles
unrestricted fund balance. The port; n'.t the fund balunc'e iw cork riled 41l'(1) $69.9
million in committed fund balance, (2)'$5 3_4 ill iIIii_1n io 51s,,,i ricd fuild bakiIlU , and raj $93.2
inillion in L nm9igned fund halance. The remainder of the fund halance Is di' ided hei een S4_ I
millirjrr in ncIasspV11dable fLLHd bala nLe for inventory and prq-ald item--; inn $3';'0,0 milhorl in
restricted fund balance. Approximately 63 percent ofthc t,:jtal restricted fu13d balance is due [a
restrictions relating to highways, streets and abandoned vehicles (V79.6 million) and debt service
-22-
154A nlillioiny SW nsiIlivi L}ftlic Rmd batlarve markod. W highikatys, streets and ahandr;ned
VL711lcicv %I,iff dUC 10 the. (iCMMLI h.xaise lax Rind that Ewa, created in fiscal vicar 2014 '. hidi
accLalsnts Rite e kt,cneml excise m ;1.1rc]arga Owl 11a;:mum vffcctive in risca I vc:ar 2019. l ht turld
hyancc ut'tlla (it;IlOW Excise Usx I "vid incre-awed bj $12 milliosl duc primarilyto irsCr�<t crt
wiles a0vit; thinughOUt the C{}iillt';. V,hich also corralatc, to the lncrezuw d IekC1`r o ltsaal';wrl1
l Ile general fund 14 the chdf l pointing 6md of Me Qumy. At tl7r,: and of Illy ourrarlt fi° al vaF.
Lin Fetricttd fiend halancc ol'the general hind }iris 11413 1YlilAnn, wh He ml Ind buhnoc
invrc sad Iv S 19V to illion, Asa incatsure of thc genaraI ilnld's IICILlidiIy, it Illz1. he tlsrsfLI110
c; mp.Lre both um-estricted Wd halance and tr n.1 Wd habn e io teal AN aacpcndkwes.
U nrescricted hind hahnec rel) v aws 31 paean of Coto] gcntiral fL1 nd expendhuru+ m hHe rehire
fLLrid bulaun:,c represents 41 pciaill. oI'that same alliount.
Ile Wnd balance of the C'nuny `s ,.kind fumd knewased hy 579-2 million dur`11ig The L LU.F' L`nt.
tisaaI year as k:mli pared to an inumse of $23A in01On in the phor year. Key Actors in this
SUbntairiiiail incrca sc (Sh 2 in011011) lava lilt I13cr4:'as ; are as follows:
• PosAiwe increases of $69M iniHbn t .9 percent) in and pr"er'ty tax nnemay S2 1,2 1111I1im)
j I 6ti'4) iH (A MHlY JMI`1yi nt VCV01lliiiL dol.Q, wv ` 46..' in illioi1 (39o) its iwar ovarismcnttil
revenue and S12.l ini11ion (5329/6) 1n 1nveslnlcrtt easrnings.
• With the increase in 111LIltil)10 revenue sources, the County'S expendaurea also increased from
the prior )Vasr b) 1:221 inillian ( 19-'U). In liddLti0u1 1.0 iUs FCJaas its satlasrias and and
rNted Wc;% reAking Rom bayKing unk clsaingcs, to Coo, ako hound S40.4
millii-.'n in iilwra,lm�d c ipittl] oulla) sl.+ciltn& This increase of Ci 3 percent froril the pri(IF year
%WS r OAQ due to increased expendhwvs n0ared to capital improvement prijects throlighoLlt
the Couilo .
111e find halaicrz Of TO {'OUMI's L:xl1401 Prnyiccts GO incrca<cd k>, $06.5 million ( 135 perceno
during the current nscal year Fhe increase i, prin al -Hy due to the ltict that there teas S l4Ci.4
10114111 1.,f other fivatrwislg}.fropo ri(*w issu,trlcrs tiff dell( l}) t1w Courity ill tlLc
current fiscal year. Ibis amount included S1 103 million of neMyr ksued hands and rclatcd
prerniunt,, $28.5 million of I wid anti tastion nows and UM million from ,trite revoking fund
learns. t.xpoidilumy of be Owd inwrc•a ed by $37.2 rrlilhaii koin tlla pHoryaRr Sac discussion
regard consmuctkm aL0N Ito cIllrinr the a urrent Iear in the catpitld asset section lie low.
I 1w dLrlSt oa ikv Itnds consist o1'tllc Bond Ak;LlcnsIll ictrl Fuiicl ass}i1 11w IrLtc°rt:I. I-und. l'isasc fund-�
hat%.e coin total thnd baknccs of $51A in Ylhon, all of w1 ich is restricted Nw dw paynoni: of
debt scr� ica, t hc slat iu; rca�,c in die combined fi17Ld baIitnac•., dLlrin4 (lse CLIFTC Ill V4'atr ill tlly deht
iL: vibe Ws tears S- 5 rnillictn, which was a 10 peraarlt change fronI the prior )catr. I'llic incraasc
in tilnd Wnwe was niLah higher Ann the Nano ngericncQd in thti prior ycar Clue to lha firct
'Mitt flee amt}I1rtt o transtcr';-In exceeded the actual expersdltLlFeS incurred for principal and 1[ItL:rm
pyrnents by a higha cicrrae barn Why prier 3 ear.
Pruprielary frinrls. l he C owltr's pre}prictar, kinds provide the same type of information thund
in the government -wide financial statelttenm but in mme detail,
l irestricted net position oHhe Kolaimano F ldcrly 11ousing Projcct (Kulailisaoo) tie ilia aid of the
year aniQtanted to $4S-.(N, and 022M23 IN the OW Hkah1 AfWahle l lou ing 1'rlea "MIi
Ekahi). 1. me striwtad net p0011101L AT 1CLrlainlancs Lncrcascd by $ I O.-136 and unrestricted net
POC iti011 to]' 01-111 I Jahi increased Q SI IQ,..)99. Other factor.; corlcerrtinL the 1111air14=aS Of1,husc
two fLn1LIN hm, Modd bccsa addressed in tllc disatassiorl ord—Ic Cbunty% business -type activities.
(,F1Pr EIL , FUND BUDGETARY 111t:IE[.1C-E1TS
Dfff4rem;r s klct}--trett tlic ciriginal bLidg t and the final ailivnduxi hLidget were primarily llic result
of a ! 1.1 million Increase to appropriations for �rld outer financing uses, the inrlst
siRDificarlt rcasnrlq \.vCrC Llue to $ ,4 million of additional gram appropriations from the fettcrr,f
g.ovcriuli nt rclat ill to ITIaSS transit ($1.9 million) From the federal Transit Adrtrirlislration and
the Community Devcloprnenr Rlock Grant funding.. CrolTJ lhr; U.S. Dcpartincllt of l iuusing and
Urban Dcvclopntcrit ($2.i IT111lio11).
Mfference3 between the find budget and the actual (budgetary basis) resu lied in Approximately
S29.I million Inure re�,enLres than expectcd a.Itd $60.7 IniIIion lest exPctl(fitures than appropriatcd.
niis is primarily dlic to the Ik)IIci�i,Irig faciory
Thu positive variance between bUdgewd and actual revenues was L ni:HOf , al1ril�trt,ablC- to tllc
pcT ltivc rosults Ill taws dlid asSCSSIT'ICIAS, NVi ll $1 .6 inillioli more revcnuc resulting f'ronl
prori,erty taxes and $f4_9 million more resriltirig from the C'rrunty's trt"1i1',kC1lr ,i� a:slnnir�tirltiurl
tail.
Approxittuttcl12.8 nullion cif thc urispc.rit tigproprirtti:ltts i,� rcIaltc.d t:,'.ilari,!, ztnd %%zl ;r4
and $22.0 million is f oin the variou, cxpcilldinirc rvl,it mur, to saldrl%.�
dIlL1 %+atL!cs, incl.LrLjing benefits anti ailli,:ipa(wd cclinpcnsalioii ad_xi}um ntw. f he variance iw uric
primarily to unfilled vacancies and :ontimicd ef'f'orts by each delmi l:inL! n to coillrol far,yr:,li
costs during the bnrfrket year dire to the torigh ccolininic condiliorlti Flly�Jng the County. l lie•
fr}l+r}k In functions arc responsible for the majority of the total variance in exponditLlres:
I)ubIIk- xifuly ($15.4 ni-III ioil) ill g4:rivral guvcrntncnt ( $ 9 f) rrrillion),
C'APITAI. ASSET AND D]E BI' ADMINISTRATION
C'al)ital MWIS. "HIC Courlty'S irlVeslnic:nt in ca}7iu l assets for it6 oNcrnincntal and business -type
activities as Ot'June 30, 2023 ainOLlnts to $1 .G hellion (net Of-accu11)Ltlated depreciation)_ This
investment in capital assets includes land and improvemcnts, buildings and irrtl�rl��cnie�its,
uquipmc:ilt, leases, �,ubs�: ripliori ,isscls, catscnlcilt�,, and infrastrLMLirc IISSCJti, Whidl clyilsi i Or
primarily roads and bridg[s. I -lie Total Increase ils the t:`rfllllty's Investment in capital a�;el; fen'
the current fiscal year was 9 fervent.
'l:tJL}r Capital il3S i ' 'L;nt Lrrill thl' L urrL'lit 5431 }4 iir irr::ILIdCd d1L; f0l]M ing:
• Constrttttion }clntirlwd- an the Hawai`i County Radio SysturTl Upgrade project;
construction in progress as of the end ofthe current fiscal year had rciched $21,4 million
x4it1� ti3.3 nlillic�ll I:�tttin�; front ihu currcrtl fiscal ycar,
• C'oristmviuri contis~< ed on the Hilo Wa�aew Ater Treatment Pian Upgrade preljed,
C0I15trtlCti%111 in progress as of -the end ot-the current fiscal year had reached $l l,2 million
with S8.9 million wining frranl the cLirrettt fiscal year-
* C011Strur;ti011 continued 011 tile PLia fierce Nlain Installation ;titre R6abiklativn project;
L cvustrl,ctic_'rs M ilrogrc'o., pis octhc crld of tllc currurit frsc:al year had reached $3.3 million
with S` .4 million coining frorn the current fiscal year-
0 Construction continued on the Ktrkrllola and Village 9 Kt:rrtlll a.nci I [orneless
project; c_onstruution ill progress'Lis of the ciid Ofiho Fiscal year had reached $?.: million
m. itll S2.4 Ill IIIiori Q0111Ing frL11T1 tllc cLirrcrlit liScal y`car.
- 1.4 -
I Cuji4tr11titiun con llllcd cm the K lckolc Gulch Pork A"tr5sibilily Irrtpruvt� imr rl.TSproject;
construction in progress ati of the end of tlic fiscal year had rcac:hcd $5.7- million with
$5-4 ]pillion coming from the current fizL,cal ycar.
IP C onsrrLlction continucd on The NAS S%a imming Pool .Acce�mbilit} proj,2 t:
constrrlclican in progress as (if (lie end oftliv fisc:atl )., Lor lwd r4:Lt+:Iicd $3 4 millioll NSPth
JI IItIIII()rl C(11T11r1g t'roin t I W Cr1Cr°e1)t fiscal }ear.
Construction began on the Pa'aluilo Park Awccs ihilit4 [mprov°cmcnts prcajec t_
UHI.StRl.c:tiun ill progres-, OS of 1114 end of 1he fi4cal Neal lmd reached $2.7 millic,n and [lie
project � as transferred to Buildings.
• COrlSirllC11011 xntinticd on the Pafla'aloa-t Park and I'a',-milo ]park Accessibility
Improvements project; construction in pro rewti aw of (l)e end of the Ciwal year had
reached $4.3 miIIinil v.ith SI.2 111]IIion com i ng from the �:Urront C14,.atl vealr: proi.L:t ��as
transferred to 131.lilding.�.
■ Constructicln conflil ied 4111 rllc 11<11.k .10 v , 1I11lrIVI,l.,n11:111 Put-)iv� %
construction in progress aw of the end ot'flic iis.:atl }car had reached $3.6 millioli Willi
$2.7 milhorl. curning. from the etlr'rc1'it fiscal year',
• COIlStFLICti011 �:011tinLlw41 OD ThG K laman:'ole r'ivcnue Reconstrttctiorl pro ect;
c.OnsVL]OjOtl in lircly}rc.;.� as of-Thc end ofthe fiscal ),ear had reached $1 5.0 million cyitkt
$5,6 nliklic7n cording. from the cLlrrem f ,;"l year; pro.jvct was transferred to the Statc.
• ('onsiruction conrimied on both cif the Kflau ai AVC11LLC Rellabllitillior1 projects.'
collstructioll t11 )7Rlc 41ti 05 '111C Cllfd 01-11le current fiscal year had reached a combined
$ 15.2 million rvitll S3-8 million cooling t`rorll the currcilp Fi�L tk }car; clne cif the projccts
Worth $.2,5 111illi011 WM tTdIlsfCrrCd to 13tLildiiigs.
Construction continue cd can the Waialluentie Avenue Rehabilitation projcc:t; colistruc:ticln
in progress aS of r]le eild of -the fiscal year had reached $10.1 rT1L111011 %.Itll $5.9 milli.011
coming from the current fiscal year-
. C on truction contitlucd on the I lawcWi Count) Lmerguilcy ('all C entcr prtljCCt:
C011SCrut;tion in progruss as of the Grid of tllc fiscal year had re,lclicd $ 16.1 Ini11ion 4with
$6.w IniIIion coming from the current fisca I year.
$9.9 million (ifcfcdicutcd ruads w rc rccekLA by tlIC C'clurlty in tllc current fi.w;il year mid
an addidunak $101.4 toiIliurl %VLAS tr-Lmsf-errccd to the ('minty by the State.
Capital Assets
(net cif depreciation)
June 3€I, 2023 and 2022
p'riill ilrl (x'Divrrl
ill Cur
(.'uS°Crn11LrntHr %rtivitim
19 U N 111 L'4x-r) ]3c Ar vi li "S
TOW
2423
21i2:
?U23
-"� qi
f— _
Uzz
i°awadand miffovi;nxms
S-i'�il.':il'.`).i?
:51l;.`1.f.!.61)1
b ``_')A`
Y 753.877
c 3�1-61.$03
5 311,084.538
pnpramumae assets
285.691.?47
781 jJi3_44i'.
-
�t�:6;J1,707
z81.051.440
Growid and SAC i nlp rovemenis
-
.i 1.81 1
3(s.1 �R
3 t , $1 t
36.158
GuAdings irvJ m1p.,owlllems
000015
64' 409A1, i
�.(;:1 1112
2,(,919.4 f(l
649,1D9.1 $
t:aserTlcnis
2?.317,W
ts.";IM1�f
it ;I'.f49
1537[},W
!kl{hj io wu. sL�.sM
1?.794.351
1AA' .-25
-
1;',';°l14,3`-1
t ,720,125
SubScr,ftiim assets
3.S?6.863
-
=
3.536.865
-
E.4uolLellt
6J..87q,955
fa3.135 5)7
41.9'?ej
65,8-4
�J).Q?'..975
63-?01.376
Comlr,rcuori wrrk ill WJATCN
I l it.]74.4X0
96.>t�9.? It:
1:a5.2 Y5
-
1 1 9. y, ::,TV,
I)r AY"
l [gal
S I.y.- i° 7.": �
S 1,2,J. ,a..
5 1 5.}5.5 15
5 3 555.355
S 15;�3.322.245
S 1 .430.(�75.5-9Q
-25-
Additiollid II1fOrrllnttl(irl 015 the County,' QaPit"d awsels curl be kmild in noic 0 (C) I[Ic 17osi4 flmiliciBl
atatclncrlt4.
Long-term debt. Long-term debt is primarily comprised €arbonds of $473.3 million and State
Revolving fund loans of $44 2 liiilliorl, At tlic end of thi: c4rrrcnt fiscal year, the C 01,1110 had total
borldL:ci &H outstanding of'S4 3 _i rliilllou. This entire iniount was comprised of general
obligation M�ds %%h1cli ally Ll-i�:kM L>) the full faith and credit of -the C mInty.
The Count,'s total banded debt increased by $91).9 million (: 7 percent) during the current I I XiLl
year, Mmdi rL:presclits thv gciwraf ()blift�ltloll C)CS99 rtLilli011 1111t 1�,SkWd in to
the $28.5 million in bond anticipation notr.s. Hicsc increases offset b} rcL..ularly Schc•d4Lfcd
principaI pRyniems ofS=.T7 mi11ioa).
At tlic cold of'tlic fiscal year, thu Comity ]leld ail "AA-" rating from Standards & Poor's, an
L'AA+" rating fr--11n f.110i Arid an "M2` ri,ltiiv. Cron) N9ooc!5's for general € Nigation debt.
Stal!0 statrltes limit IhC alnciunt of general obligation &bt the County may issue up to I'� pci-cent
of the total Possessed value ofall count,, real property tB e.stitbli�,Iwd for lax prlrpo�,�:� om the ILIst
tax asacssriicnt rolls, f liv �urri;nt &W llmllt:Ltirno for 11)e Ls .6 billion, }yhi, h i;y in c xLes>
of tl)c CnLinty's outstandini general obligation debt. Cm-rclltly tllc C'vurtt,'s out,1,lndinl . dtJ51
reprcw€;nts 7 puccllt Cif L}4n debt 11mitats01"I,
Add lliomll inforn)ation on the County's long-term debt can be f0411ld ill mole l 1 to the basic
financial statements.
EC.'C}NC)MIC FACTORS .AND N)F: `I' YVAR'S BUDGETS AND RATES
a ThI2 LLlIel7of)10',r,Lent r,,te for the C'o4rl)ty il,t the L:lld OCtllL: rr,LlrrL;n1 fiWal �(L.ir is at
appromITIatel; 3.8 percent, Wiich k .fi percent lower than tit the cnd cif the prior fiscal
ciir This *,erve: ais an indicatiGill oC fllc. inlPTuVirltP� CConorriEC outlook far the island.
I ile i)umber oCclornestic and iritc:rnationral visitors to 11he Count, for the current fiscal
year way appromi1'latel} f, 14 I11rilloiL, i ith an approxirnately E5 Percent increase fr€ern the
pr0,iOLI', ),c{lr's c:o4rrll of 1,5; million, %�,hich further demonstrates that the County is
ti;l:}til)[IME! M benefit ti-orn improving econcilnic conditions.
At the end cif the current fiscal year, tpltrestrict�ci fund hnlance in ;he general Lund was $1 12.3
ill iIkull bile Coullt} El;'L sJppr'opriated U6.4 million of this anl01.11)t for spcndln-,, ill t1ic �0?4
fiscal '.ear budget and the Lna_iorit} is iiiwludcd in the assigricd portion ofthe fiend h,alance.
R F'QL FSTS FOR 1NVORf4 A TION
7'h6 finsincl al report is de�,igned to provide a general overvi€:}k of the C aunty's firianccs for all
those with art intcrc.s1 in diL: --,o%-crrlmr:rlVs fi(L}llicL:S. QLlesti0nw concerning an), ofthe information
provided in this report or requests for additional information. slicmld lac iiddresscd to thou Uircctor
oF} inant:c, C'()Ll1Lt% Of' HjIWIII'l, 25 ALllnlni Strect, Suite 2103, Hilo, 1 96720.
13ASIC FINANCIAL STTE1 EIN I
-27-
t_'1.1R *� r ), t ,ll I I',�A -'L%I
silmemend a( Sdel Pasitlon
9ulKc W. 2.r)23
_ Ptranaf}' C-r;lKrnwn7 t1S
( vcmmcnral
11ut_nrs -Ik�r
R'aamrKn rkl
AdiR wlic`
Acjit'wlw%
YlKkdtl
Unil
/Awt5
k urr,al assels
Ca�hand .: ash rklui%Simlt�rwales3 and 15y
S 1,� -".'- �I
5 I.,-1)'6.1.0
3-85121,.
R,eslrichMcWi s1L7,3V7 C:4ulvik"Lsknde 31
41,K �(. '1}-
46.1.
33'),984.�OP
-
1nNC5?mrnL'S 4miele 31
A 17tb.108
-
4,3 76.044
11,00010W
emrcled mNcoment, tt'.e-1 c 31
441 (X,'I) (I(K.,
•:i3,U(IR}.Cyd]{1
-
RCtrlkablCi IIi RIhiKtC 'Ir
IG6.r)5�.312
1'9.i7b
1i14,(171,5#1
9',$42,$75K
it "Vivt ble 1S4}I1F Id11fl7aK4tiK1iC::! doy[Yx;l
tholes 4 and : 11
187,�51
I>17,.251
-
IntCinyi hulanci s (amt; 51
257,392
;2 7.75►21
-
I mtnurrics
K,() 14.0 54
9,614,054
1,638,946
Prepaidexpletlses
444.2()7
11.916
i0f).1?3
'9,184
0.,ha
47R5,5.15
4?Mw.41{
-)11!923
Tom! corno l aykcrs
lRll,4 ,.� �s7
t,126,719
71I'� F u2a,
O-W 0.5
N+iKinw<.urr2nt .a^.isrts
In vcstincnis 4 nw c x i
I.: 'ill -W
12.946-453'
�.ry
6.GCiiG-A'
RRv;'7iclej imC%I411cols I1��.L IC 11
, `11 i t�
2,71,1y.3'15q
t
Resif1V Itd , ii5h and cii, th 4'G uiwalcrim (oult 3 aW 15)
ry i- y
14,+ 1 i
74, 1 11.
{� y-
Q��.(-2�.
Rccr-vak,L- "Igr[n 17n1]rKK>S11iCd1R d951rocl,,excluding
til]rl'Cwlt parlim (rHw1C's 4 imnd t 1)
.7 if}' U?-
Othe;
?.'J''�.°L6
-
2,739.416
2,015.1fl')
Capita: nssels Illo1l:4 6- 8, 9 and I Sj
IhwlwFxPlantInSCl'LILV nCl
-
-
2K,.513 .7s3
WlamwL iuleaswls nc't
;'�" "J'
-
x S'.Rf A,7R}7
-
G vilnd iwj if4C iKnprra+K;n7€nPs. IK J
31,811
31.1111
Buddingi amf'. ]rtlpraNvikeno. m.t
65(1'. A 1 15
2,612.632
653, 4%.747
f q.3iPmen'. "
60-9790"5
4 I ,970
60.921,925
F a5=,,C W c- r6C1
22.317,344
_
22.117.3144
P'1KKr:ula.q SutFiy and Knmigga ixi charges
-
-
1,116,1i17
land it" miprtlti'ellxim
390,4117.932
753,877
391,161„809
5-376240
Right to use an scls, rwl
17.7K 4.351
-
17,784,351
224,W
Sulxsctw.ltt:oll assels, ncl
i.S 1{�,865
-
3.536.865
14,115
C'onsk:llc4Fnnti%mk<mjttgtrctis
:IM.}14.4mo
K'5-256
_118-379a736
9"9.122
T0131 CaPKtal ASi.rs, n€:
1.5t ,'T6-74t}
3.5 5,546
1,553,722.295
296,222,615
Twstrl iUMLurmil m5wis
1 1171,142U 16C
3,bE9.659
1375„"10-019
305,156-279
ICAar aiycm
2.W. 7-4.567
4,746-377
2 165-.M,944
M853.754
ilrferred OulflousaT Rciezim x
tJmF icc,k 1453 on tcrundKnl
DrFuied ciulllm% ivlalcO Ic1 pcdlswns and 4 k15rr
post CtllpSO MCM bemItts �nulrti 1.7 and 15;
1'o1al dCkTTc0 LHAArw4 of r€41>urcc.s
�u[,.1 As9 smid DO1errr[1(:AW1.9w%cl Res- iices
3.406,426 7.406A Z6
1,5�.;V7,074 - 1s5 797;17.3 (s,t)51,I76
1 14. fr13i5U0 I58 ?[11,sloo 6.05.4E 116
ti P) r s2,(167 4 746 372 2,M 79I.8.444 �7h,9[P7,K#3[b
(C'orwinvrd)
- 28 -
COUNtY OF HAW AII
Stalmeng of Net pusklas
Julie A 2023
(Cmdoited)
' '. :.,
Componew
A4;1:,, I kvi
__.T1Aa1
—LIM
Uabdifie3
CUtF,-n( 11.3bilItICS
Accowws p) ahk mul mcc mxd 14 3botimes
S 31,106,947
S 74,564
S 31.181311
S 5 101,135
Accrued payroll
0,069,530
-
13P)q.�30
Z.i 1 !3 2wl I
we,;,�utvmramtal
115.926.033
7,534
115 93'k W
rci-. J�w on LH-4 - I c r i i I, ;
6AW6.951
3,352
6.844.1(fl,
'NS8
Undm j;uam- pa, ciArient porten w
I . III,. 1"1
69.230,997
8.0"
08 239.097
6,29o.00
omper.sa lid a I i - v I i, :,, , .,[ 1. 111 1, k Ion t1l41e I 1
10.867,550
"6_205
111,1115 gild �Utly 11,ri 11'. 11; 1. *111 l 111 1 NJ
(rates 11. 1 1 , ti. ! I;?
10,239,573
11.) 2314.573
199.01mi
Leases and cithcr 111 11 - I n r a K. cernw-Ms.
cur?effl porlwil *:I-,!c% 9 and 111
5.,584,535
5.594,535
14.129
Subscription habdiis Ot-Tv!d TKMI(M
1,007A I 1
1.002.411
3.126
aqdfi!l C-r515 pis% .&k: I,- , -".-I r-, n. licIL
jnofe-i I C° mid I 1 r
930,939
93 Os
-
Customers' &,P0041ts
200,887
CTthcr
R I 11, 181
5,750,
x f.- I M,'01 I
Total curtm liabilmes
j i.l. )4 6
N.290
2 7 : %1 1.436
14,913.949
NNICUrmil babilmal
Bon& and leans pa),thle, nel (nines I I and 1 S 1
5 l 5,! -.1
5, S,04 2.399
68,415,419
Compcnsatcd abscm c-, i ime 11)
37,705,537
37 '!M %17
1.237,095
Clainis an4 juJgnpcwi noiice 11. 11 and 15)
32,519377
12.5 19,377
111,000
Leases anJ
mWS
19.827.141
:9.R?7 141
213-389
2.136.492
2,316 492
3,954
9,946. 1 A?
162
Custmicyi, 6:po,ttv
4,470.171
Nvi pension I tabdily (1101cs 14 and I
<V,
1
Nei OPES liability (ales 14 and 15
r x
26175 xl-,.
7,812,470
CAW
ik I,, I duhi I.
()1),: 1, X,
3.162.72
."'(511.41 20.4115
99,290
1 7r,_1 1, 1 1 o
8,01!6. S"2
Pcfcrrrtl InPo" ul Ht,r-urv"
I zhi[,l to rvi-wkn% and olhcr
Sciwlits InrHL-5 1.1 and 154
10 1.673.445
131,673,445
9:7u1 65I I
Oe I m rJ in 061%v, - why i nok 7 J
b,2t57,i123
a5 ZN7 923
2-36:.8A4
Mal %kIC-TCJ h0o%vi ;of RviumccS
1R7.941 16S
IV 44I.366
1 1, Ovi ".5 3 5
Toull Ltab-.'itws and L)Ocrricd
[n flows of Re5ourm,
161,773
%)V. �9(j
I (A No'.141 (A3
139.140-10
M1 et position
PkI :m c,hr,cid III L.3p111k1 I&SSCIS
3,537,456
1,011 i3o,k][A
222.0,33,011
Projects
07,40 KW
-
67.40-819
'ZI kqvwe (am I 1)
344, (. M0
is 4-ut, 861
S. SI-IMS &W Ab4I)dLMCJ 5 ChlCkS
I ! X 2 S j I
18 *.N4 124
P-,1b5jC atceti inert spacc
«h I5
21, 8 lr>,45 I
Diszmir in.; mwr$cnc:ic5
11.,I-?
: 1 444,159
011mir
4.7 ' I I K
4,771,548
Unresel'acd
0,42 "A I tfi I
1'11'_YC031
74: .1 974 505
1 5.73 -1 'XI?
T;" Fwt positioa
1,647A97
573-117381
1237,767,823
.29.
COUNTY OF 14AWAII
Statement or Activities
For the Fiscal Year Ended June 30, 2023
F u rl c I i(i nsr FkTog-Tarns
Primary government:
C3o%,crrIIll uT1131 aCtI%Iti0
6ereni1 Ocx ernnicnl
Puhkc �Dfl- _,
Fill' htia,.r1, iiild sirtiets
FIC,1.1111, k'dlik�111i0ii mid r�,clrarc
Cu Iti.mn 411Ll ror n .jliuiI
Sanit'Lit io11
[merest on long -turns d6t
Tutu: governmental acliivities
Business -type activities:
Health, education and welifaye
I a;aI primay government
Camponent unit:
Water (no!e 15)
Program Revenues
Operating C apit it
C'l-i:1r,,es for Grants and grants arcl
I.; eI7 .es err:ces C ontribUlions C t.)v,1 lbL1(lilra.,
S 10 2,3 2h, 5'1 1 S 2.9)4,468 `3 2,420,638 S 10,6-19,911)
23 1.801768
8.79-7,
33,146,5:'.1
36,501
132. �80.4 �9
17,829,1 1 1
7,605.513
121.422, 1_40
115,51W.1_118
1,278,268
95,426,802
7.216.000
36,_?67,_.,8
2.331,297
1,358.276
513.862
4,00,411
32,048,890
1,732,260
98,70f)
695,923,593
64,78M 59
141,690,010
119,937.282
874,23E 541,139 331,282
696,?9'?.8.1 $ 65,330.399 S 1,12,021.,292 S 139,937,-;'82
S 64,567,957 S 65,214,720 S - 10,573,824
Proocrty taros, levied for general p,.:rposes
Public ,crvh:c company tatics
C'U4rnt)' lrariSk�[rt aC'CUI`Tlodatioas tax
Franchise tars
Fuel taxes
General C1CiC tsx surcharge
Grants and cc) ntrrhuIi%)ns fits MMric eel to s¢ cific program
lnwstment-arnings
Miscellaneous
Tran.fc rs
I €Jtal general reVenl.les and transfers
Chan4t lri no positiumi
Not position, beginning of fibr, l ye'r, a, 1}r�wir�.i}ly ;talud
Prior poi Iod adlLlStniellt (notC 1 j
Net PosiIior7, 1?,—gi[11ii11 f fiscal yetir, a� rcStH1L!Li
Net position, end cif iiwal year
See accompanying notes io the basic Iinaneial statements,
- 3G-
' wet i t.jrise) Re �c.,uc and Chang xew ors Ni�: ,Assels
I'Fjma covemmeni
Govcn"i moilal HLasinesS-tYPe Component
A�ijviIi s Activities Tod Unit
S (86.751.508) E
- 5 (96,751.509) $ -
(184.911.451)
- (189.911,451) -
14.276JOS
14.276,403 -
(11.654.1163)
- (1 1.09,068)
C3J 4,143)
- (32,064.)43) -
430,213,570
- (3t1,'
(1,817) {349,509,859.)
11,220.597
34' AR'8.1bg
-
445,889,368
-
4,646.'74
9,046.274
32,191,051
-
32,141,051
12,051,548
-
12.01,548
-
2IJI3 .107
-
21,635.077
10,548,04
-
69,548,494
812,837
-
81 ?,9,17
-
11,Ia1,68'0
2.t04
11.103.784
79$,4$6
1,439,?r)
_
1.438,102
ttiu4,194 883
13 1.61"
604.316,535
N9,456
254.677.941
'Q,a-s5
154,130.676
12,1319.043
314.01�3
_ - ��
318, .705
211�,Q35.4t8
�4.,
7«7 1 3.3€y2'.
114.012,453
,
318,52q.70
225.7148.780
$ 6%,?9.1
S 4,641,087
S 573, 1?,181
5,237,767.823
31 -
Assets
Cash ffnc9 ::ash E;ui+ 4k711s (rg4rte 3)
pnVeStF.- 7r11S (710'C 3)
Reerf4a'ales, nel tnote 4)
7uc from othcr j,pv :mmcnral l`uaidv {note 5j
13ue from otnc:r nonl?ovcrnn:c.-llal funds (001k: S)
Rcwivablcs 4iom o'her g�,wcrnmcros (rinse 4)
lrrvcr.'.orles
[] t'M
aLal assm
i.iab#IjEies, Mfemed Inflow.i rend Fund Balances
�.ialxi'i1Ees:
AccriIinLs rax.a`alc
d ccrLI,A payroll
Due m mher goveni ncnial Cunc_ fr.otc 5;
Ad%mice col lctitiuns-h-cQi@a%cnimcnial
C}Lhcr
_Fwal1lakailiti�s
17efCfMj IlOflaWs of FCSO'.uee3:
Unavailabk revcnwC (mote 7)
Deferred in11m%s rs;.aicd 10 aclvmce colleciiors
of.-tul Crroperc) ia.,�cs and licluo- licenses
M(L:rre.1 it 1 ows r,'awd to ICascs
t:!Qf rfmd inflows of msourccs
Fund bal„ncus;
hcM1-ispc,,t blu; Iownloq & Prepaid
Rmincied or:
Deal sc-vice (note 111
E Iip11ways. sLrccls and ab andoned vchicics
Parks a=;d rtL:rrsLLi(in:s) Pd)*w'ts.
11ublic access r?pcn space
'7i.s: s'rr m)d cmer$.enci 5
f�cntir�; & pt.blic safely fxilities
01hcr
C'uiE:rtIiLted to;
E31.L;glet stabiliraii'on
L,u%a L:r Puna afea
PhRi,iq.1> raolass-,Ianceand subsidy
&%nalatim
Wf insurance
fii i)%t� and abanco;icd wchi::lc's
Parks iulli ctircyliuttal project,
Zoning ch i,l c ilnpai L E:}irij,uLian kCwr share}
0111c f
AssigreG a}:
'juh claterrt +34L1a^'s budcpWt
MOT-
LlLIDS Sig M'd
Total fund ba-Inmrs
Total llabilities, defcmd innmys.. and fund halano s
See meek lar rye basic finan:,a! SiOLc.nlcnis
i=(71_IRTY OE: E#AW'All
Gowrnmental Funds
]ialarce Slw L
I mte 30, 7.023
I I L%F,uii C'ErUO[y
0Lhur
I-.il;il
C'alxtal
II0,.IsIng
Go+unirwritol
6il'AC.rimi:-ri.:0
G enk!r�L1
I'•alrwis
I m1w,
526E,�:,S.'i?
'.fi't,970,9473
514.11E-7,301
S 1157�,//S}}yyiyy(3}},/36/L)
623,660,598
7.
^.'r ft,'#rw'a
!}�i.0 :Q
41 _Qj�/'9-506
£,599 .1!}..#'
3
$.:L'_'113
1f.*f]."'I'+
k`4.'.,fs
4.4.1i,Lf_1.2
19.118.315
17.6?5.(1{J1
II
ll"
8,'1 l a.0i ,-4
RA 14,054
t,^f; )„h7 %
I-1`1'."li
k 1Y.+J-)5
1.992,751.E
Kol9,168
�xZ., -1'V' ftCLl u-� ih' S 1 {r c x
ac+,,.�.,,,,, 7, .. Ei � 1 -�-.ems._ ]._. ►, 1 � :i yL, , ill I ,
S 7,769,860 $ I5,797,775 S 121,45(3 3 7,4:7.856 S 3l,106.9-1:'
11.112,547
278.$71
I,??k,1 1 J.
13,{l{aL).53':l
F,97 (Ox
427,f-40
M.Li39
3.17$. s l y
1,1 .1 },iq
j'1^.�I.'7
21.8.62.300
E1.94'1s
115.`J?f,.t7x}
'.C"#tJ.Cl a?
_ I ,REi9, l'# I
3fitil.kl
4:.:.I I
�, � 13_ 1 m 1
19'.10L6,965
2Z.bW,'#..-"�
11.8 1i.al�
R4
5,15.1.log
247,407
.7t,8.040
2 7:y� l^M1c
-
_
3,172 235
41,4 L 5,L42 i
_ 5.153. I(N)
_, _i.a. ,4
5-103,406
9,10S.261
54,406,961 54'.1m.861
I`-132053M
-
1'sS,7g4,3 4
E79,6G4.862
1.71
21,19's,5$$
4,.i; .,.35M
2.419,411
29,967,136
_
5,4-r6.357
5,466.357
=
41.2-$,850
Oo:4,2�M3
12.643.163
-
-
21.556,141
21,556,E-71
1,2180.272
1,280,272
62,273
2,881,118
478,525
1.906,592
36.109.86-1
58
S.;.I SL), PCs?.
2S3.1 5' .36 L
1r]OL? i,4Cr
lbi4 li;.' i3$
J2,611.238
214, 211,355
$ 35 3 3.858
5 19? 3#5.' 7�
3 36.11u$_b i5
232,33 —0,, 7
32
CMINTY OF HAWAII
Reconcifiat$on o( the Govem mental Fuwpd5 Balance Sheet to the Statement of Net Position
Junc X 2023
Total rand batanres - goverill.nicrital funds S 595.1�7.5,495
Arnotmis rcpkiric[F 1br gavvnincaral ncriviricg in [It sEalcirsivill of
rild Mill ion al c dl`Tcfcr%( tictcruse:
Capital avvs ktin �pverrlm*N al ad ivil �s ive r1ol 6raile'-al
rcHourccs wd themforc are not mvrLvJ is shc ('unfits- 'F1x%,4 awts
con.U31 of.,
Sul scrip,iori msels, m-1
3. 5 3. 6, ft 5
Land and inilprovolnVaN
390. 4 1) -,.'Y 3 2
InCramruclurc assets, nct
?.,g S. h() 1, 7 [1?
Buildiqs and improFemciits, ncl
65(1,884.1 15
EAII.Lipin--n-,
E iv' cr:lciils. Iltf
2.3 1
Ri�.ht 'xi use
Co n A ri.1.0, 1011 Work in progress
1 18.2 4.4 M I' -
I Lila I capital assets, no[
DcFcrrcd nmcwnls or. r6ATid:n. renNior- and t11x7 "Itist cllll�li.)N incli bcl,crlLS
are r eporied as dL lc rred out rl ows ci C reSO U rco in ( hw g(i vc rn ITI,-r-[- %v ide
1immciAl smrtnier-zs '-mi a:e not reporled in the governnicnial Guns sip'.cri-Leills 15 8, I.N, 5 tit)
S'L):IIL; (11-1he rvvvinjoN will bu 1:kdlcc1L'd ali,:r ti-ca.-cncl bkkl am
F411 P�4121bll.! cnoul,h to jM) im L"10 CA.r.cn,. pertod-i c.\-pcn;-Mi.ircs
and '.fi(•rclbrc area Lir1aV,L;li!blC in lh-- ftjnd(:icj'c -7) .1 ti, 1% v9,05 I
I;k i i i i.- I ial 5 111 t itis arc not disc' and -m% ab lc i n 'k ekjrrc-il por iod arl Li
lF.cwl6rc un! ji(ii n--xi-ied :ii the I'Linds. I h,),;c 'iahlitics cLnikl of
SubL,CT1P1141l1 lj;,,b'-lil.)
(3,339,893)
13 onJ3 an 0,1.11S pat a b I c- ric I of rvc6 %. P b li•
1-�Offl 1111pL03ClY1,N1.L disiricl
5-79,,159,728)
1 n EL! i L! ;l J U12 0:1 1 Lm p - Ic r ni d c' ,.
1 1 )
I e:LseN lr-d wll i2f 1-3 n ar-c i ig-g nj�rcc illaq-ts
I 1.194 1 .67fi)
C06q11q.c!rLSMt!1J nb%Lrices
l 4 .k 5 7 1
Claims and jwlg"n%i
Landfill L-mls payable
Pollution rcincd[w,lon
U n-. Ic rpro u n d swr.q{e lanI iabi I i ty
'\'L:( p,r.ciun obi-.j�.nlion
Twal long-wim linbi'IL.cs
k
i I narnoniwd On an irrundmg [565- : U )
Dellerred amo upts re!ated to pension and o'her PL5%1 i2rr'.[3 14 1) 1 Hell t belh-fl. s arc
f eporicd as cic.crrvd i n f ows 01' 1 in LFe �,L)v ernmc n t-%v i dc Financial
slatcracrib but aLry r-01 ar--- on' reported in he poyernilivn.al fxid 51atenwnts
Ntt "SlitilliA (3fg0VCr11fflMGTI
S ,cc acconipmn k i 1-.-, 1'.(: 1.2 S LI: ;Ile b iL,.0 I i ONCi al AMCM01lU
COUNTY Or HAWAII
(,'r?N r rn m r n tit I Fund 5
s I d"r-AC', I o I KC.- %:,(I UL7 :,I vv I I ki I Li I jild L II A! I gmob` ifl FVf1d 13414FK%7S
I IIII I i st.. ) car E. rk4ed Jun 39, N2 3
Hai% a i i ( ou rtt.�
0-1w:,
I -.It; I l
Capital
I luu�i nk
ctjt:1-11
C, % C': I I n'.on I'L I
Reveuue5
Lam!,-,
1 441.715,297
1,? 1 5.2L)?
P -,:,I I, "L'i-V i Ce imil-pam z a ws
( i mi fl.% '.rLjri�jenj accon-odutions tax
33.911,025
33.19 11
I uC, W-,Cs
21,635,977
2 1.635,97?
11 UK i L: ul I I i 1ti frolic h i w wxcs
12,051,54S
1.051.548
LicvnsL!-, iind [xmils
12457,244
16,527,2247
28,584,491
Ccnvr3l ckk;..w tax S,Tchargc
-
-
69.548,494
69,34K.49-1
Init(i4m,crimemal
1 OR. 322.627
13,462.789
34.205,9$8
'M [8.944)
15i7i.710-223
Chaqei lur wn i�k!s
[A.'f-.f0 19
-
-
3 0,3 86,4 1 Iq
32-2 1 -1-057
111 % eqrlwn I, CaM 1 r1g5 I lvsb I
I lye.; M7 1
(5%270)
10,50-1
175,469
12-1194,634
0jkjCF
2'.. -#5. 11'14:
6199,904
9
1, 3 .8 82
4.861.351
155,184.0:)4
�25-k)72.371
1011 V I 'LL L: I -?]]I IC31 1,
58.575,127
1,075,590
6 1.() 5 (:,707
Vt.hlit: salcl.%
152.7(14),188
11,78 1%,0 7
'64344—'+ �%
I heliway% and streeLq
4.7 1 -1. .1 26
44,9J ;jN8
.1 cj. 112 ri, 114
1 1V,JLI1. CdL.C.I.L1011 ANI WVLl FC
66,94.13N4
1.256.477
CUItWL' and rest -cation
I." i.47-4
28.142.3S!
S awlaiwin
Lsi8-0 19
53.0 14-6 13
Pcu,'P*n and retirement
Cot 41 lbwWrIs I wle 14
6VI)Z• 114
1,1 a9,754
9.0,36.M
73,-t6X,,[h46
Lmplup.cs' hedlih msurarwu
I (), K6 7,w 2
4 3 3, 0 ?S
3.2 80, 15 3
201580 L V)0
(other 1 >uemlrin3merlt bevel is
_$ 2.)1 0,(K 10
42,9 1 U. L01)
Other
7,405,9$7
55OL683
91,420
2322,873
1 U. 3 7 9 13
service:
11, incipal
4,$27.614
309.016
33,362,126
38.397,776
52,111
17,0 13,797
17,67-13$2
1f)',01 --j,-11JiI,Urcs
'16 1,0(1 12 14
37") Q0
179.642401
768.973LO91
I N cr,% I de I -I I,I L!fl L:..N ) of re'ven Lws
k, k cr -" uji dc. I expndilures
I N J. X 2n, LN I
7r"4;,�6_-771)
1) 10 4 1
?4A"397)
lCominued)
COUNTY OFHAWAIJ
Gow-r-rintental Funds
StaLcmc-it (if Rc� CI-JL!S: F..%;pCndiLtjrcs, and Chwr3gC,5 iti Forid Balastoes
I:m- he E-i sea' Year I -'ildrd Jime 30- 2023
[ CQIII I I
i;aw�ali CoL-lt%
Other
. YOILLI
Capilal
I I ousing
kwc-iiniental
6 ovc rn ilit: n ta I
(jimeral
P761CCLS
[:L-,lds
Other Financing Sources (Uirs)
ti a !, . - f assets
24,501
S
S
24.501
lro;ise 3n ri8hmo-jse and subscription
.,j � ;or s -mtes S. L), and i I )
9,346,656
-
831,909
1,5239035
11,70 1,600
e 1� i,ic i and Ivan F. (no -Le
1,023,631
1
o"Bond Ar-icipation Notcs
28,500,000
1 ssua-wc j' ''Dond s i, ri ult:
9()4000,()00
Pri=,ium ail bonds tnow I 1
11,879,363
1 1.879363
lrans(4-rs iti (Iloge 5)
-
32,672,340
11 144.320
.332.179,267
Truns 'Lv rs Li-.j I f nutc 5
9 1 , 1 2 4.1
(--11 5 4.)6 4
I1 7 99267
YW U 1 ul lwr I I,-ii I I I I E. Ni Iti I-L! e S (kjws)
8 1 6
173.0'1 5,33-1
Net change in ILind I)ali3ilL!L:L;
-79,! 75,667
9b.52M6?
15 1 .1 sS
24,272.411
1 127. T) 5
IL -id ba! ances w bcgin n i -1 g of ;-, scL I )-car
1 11.559,797
7 1.5 7 8 76
14 60, 1 :)3
i 8 c). 8 4 8,94.4
1
I L-1 d en .-4 of fiscal )ear
$ 190.73 5,464
S 168.10 7.--� 3 8
12,ei I 1,211i
$ 2 14.12 1.3355
5 X 5. L
,,c,: ewcomparyi ii g nx. c5 I D I h v. has i L I Lr--j nc i a I si wsn i ifl I L.S.
-35-
COUNTY OF H1tV All
Rectrnciliation of the Change in Fund Balances of Governmental Funds
to the Statement (if Activities
f c'r t'nc Fiscal Yeur Uridvd June 30, 2023
Net chang4 in Turd balances - totstt' gwvsr,irnerrtal furrrt,
. irm.,ils rcp)rlc;kl liar. govemmental a.wc,Mties ir: i ii! %Li,.crnent nr autllites are
J:, I4:rk:1)I 14'i;.,�ILC:
outla,s arc reportcd as c.tipenditt.res in gowrirr eolal :'wads.
liowever, in the statcn_e-1t of activiq;c, the Quist cif capi.al assets is
allcackttcd o,.c.r.heir cstirnated us lrol lives as &pre-:Wion arrc amortization
e:�I c:rMe. Ir tnc can -cm l:Crjod, tlicsc anioums nFc.
c apitad outlay I (K),697,048
Dcdicktted and contributed property l :6,665,71t1
SubscripfiQF1 ati5cts 4.291 ,77:3
Depreciation a,JEJ nrriorl,iYaLion ti l,rlrr ti and los-, (in disposals �99,29?,97(it
bxcv,5L)CCapital oijila} (1�-er ief7:c`iJtir)n an.ianronixatiartexpcnsc
Aormwir.2s pn)%.idc L�urrcnt fina1_cial r")-.1rct:s to euvernmwnttaf Funds
huuwticr, issu:n�,z JkA,.l i:,wnasps long-ter:r. liahi`i=:c in the.statcm,ent
ul reL po7 iliorl. In tlw ckmvrri pr-riod. iSA "5 ti:lni ced thro'.,gh..
Cic,wml obiigatiou twds
(99. 000. 000
Prt:miuni trr< ttd i5$:JaFL(;V
(11.879.363}
Bond .anticipatior, nuies
(28,500,000)
51-it 0 Xevt?:v4lg i,Lnd ltaaa45
(1,023,631)
SubSedptiort Iisbilities
(4,291,773)
Lena es.a.d other Iittam; -rig. d.P. :rents
(7,409,827)
owl debt grace-eds
lzep%in,,m of ':one. -terra efcht is repartcd as an expenditure in govemmw`titul
hinds, '^c.t the repayment rcd',1ccs Icanp-,-term liabilities in lhi� statement oil`
net 15_tl Y11. in tlrccurrent )car, mc'4l'amounisconsist of;
Bond pri.-wipul rutirCITiCrrt 27,494,947
tiLa,C R1=4olving Fund 10an repayments 3,629,445
rits54:r° 1xinlr pa3mcn_s 952..980
1.ease and other Iinanc:n� agret7 .eats pa}'rncr..s 6,320,604
l wal Ions-ti-n7 debt rcpukmcr.,
RCr':t,,5e Sn_r'.e rc4 cr.Jei %% ill 170L be. i;ollecled lbr sc:rrertal Mal'h, a=l r tlrc
Cuur: y's IiSC�. pear er',,_, rho} arc noL cUntildcre.: "a.-ailable" ru%vr;.,Cc and
are °dcfcrred" in. tnc 1'.jrds. [!navailable mvenues incrcasud b)
this :5rn0LnL Lik %cLir.
S 209,127,775
122,356.555
(152.104.594)
38,397,776
7,124.871
(Continued)
SIM
COUNI'I Y OF HAWAII
Reconetlliack n of the Change in i-'und Balances of Governmental Funds
to the Statement of Activities
1:o- the 1:iscul Y'cur Lri;i d Juan 30. 7073
sc:rnc items re tied in the statement ofactiviues do noL _nwIvc current
financial reawrces and therefore are not reported as c\pond; wres ir:
govcwnmentaf funds. Thee activities are. -
Net increase in compensated abscnctis
Ne# incrcaw in claims ar.d judgments
Net decrease n Ian :tit: closurc pos_closurc cure casts
Net decrease in pal IUtl4M re ir7c41i;_ ec?n costs
Arncx-tizration DIFprem iu-r frcrn'--one issuance
Ar:irj-lirdlion uI'd c:'crn2d In-,s on reIuncir8
Anio:tj lion ut'ga in un rv.CL-ndirig
Net increase in acur-,jL rd iirtwre. 5t
Net decrease to expc•_ises n'.IaLed ,ri i:ct (]I'f:fi Iiahi'ity
Net decrease Io eNp,2nscs related W pcnNion Land %31alries and wages
Net additiorae expenses
Cbarrge in net position of governmental activities
See SCccnlpally':hrlinielli,El I'Lw4fiwlleli�'. al4ryrwn-x
1 (1,487,396)
(20,227,972)
194,000
86.324
6,006,661
(657,292)
102,761
(%0.294)
25,424,682
.,,, 21,293,974
(('oncluded)
29,775,458
S 254,677.841
.37_
� PII k, I y f I f ! I ,- %I, � [ I
1 1 ar11d
�taterr e ni o
( h-Ir)L)e" in F UTW Bala"e -
B',L,j
ff1 .1 fl LJ X 4 1,JL
Ba5is5
I OF I'Ii:
I I%LL;I Yc%ir I (14JL:d June 10, '0173
ALLLIJ.11
Original
Final
(11140f.'(:IJTx
Bjjj�vi __�ud
o
I las I q
Nq.aLi%
Reyrnut":
I axcti and
llrciperi� tjxo-i
S
.124-07 4-98 1
S 44 1,7 15,297
17-640, 116
FuNn: wn Les; ccimpanN
&ROOMO
9.6,Hi.274
%W6, 7 7 .1
LIU11h lran5 tent 14"
19.0110 I'M)o
19L0001000
31.91 1.025
14 91 lfi25
I w-al I-wcs and
45 1 .911-, 'J� 1
451.87.4.991
485,272,546
s l 97,615
%or.busincss liccfics and
K P
4L253-211O
6-347,991
1�144_7,%y'.i
Rumncsa liccmes
s 3
2-2 R733
2.033357
1 xf%, 1 91n
'mrcvi
3.182,763
3.475.702
I ol a I I iccns�- and pem-. i is
q,h 5 5.716
9.655.716
12,05 7 '24
4GI i2
I
o1crid;
ProVrUMS fOT IfiC apCd
164f�,IJN
2 04
1,243,670
1 IJ(U.234)
Community dc%clopm,--iit blokA grflnr�
2. 3.LJV
2.775.987
L.m critorcemeni
5.'i 4 0 1
2.901.772
11,077.62%
(Other
4.LA2
$2,400.470
15.714.3721
I ow I Cede ra!
62,159.619
69-417,134
59,32 1.9"
(10.195.2351
rrjer�CIIL,% 1n,,&4.dj SCn;C,_-%
2 1.2 4 9_3 59
23-2"359
2 kx)�..',
Xhcr
12.327-270
S. 4 1
3,97o.353 s
foml slaw
t2 A'5-344
35-575.629
122,4 .I
I 33 11,385)
i)s d I I M LQ r� 3% Tn Mq:Fj Ld I rC Cn Ui:
104.6z4-462
105.092-761
cmr4 a I t2 L i % Q m m Lml
3.K;73.301
1 -92 i. I () I
L)4jX. 12 1
174-822
Lil4urtT LknJ fi"ccpadan
I. 117-650
1317.toM
1. 3al i.72{1
9_q 17 (.-
i g 11 %� J% Lod
"0.000
171O)DO
15 7.2.� x
Cl�j 7ell-I
Public ,are.tN
X2.-11,10
68'.3 'x
I 1 i_k1Tl1
I 01al Cha)TKCS fbr SM iCCS
5,62, % 51
I inc,, and tbri'citures
2,1 t, 1,31 io
2j61,300
trsi7.IiErtJ
t 1 553,5,00 1
M.sw
139.7"
3.7 1 JF
I Conlimled P
COUNT YO HA1kAlI
Genuerml Food
katmM of Re%enk , 1,*pendituM. and Chatige�- in fun;' Balance
Rodger and Aoual (1)odge[am 13ds 55
f of the F iwal Vcar F-ndM June 30, ?02 3
kaIU.s1
Variance
[Original
Final
t13t.d11L!r.rr1
PLINiriwr
13ud ct
Budg r
_ Irlasi5)
INcipt'iwC)
Revenues {cantinme-d#:
Interest and penallics
S 7tlir,tli)fY
S -MO,f K)
5 9.52J.41a 1
�8.923,491
'�,1i',L:c1leneuus
4,397,219
5j)07,:19
�_.4.613,832
(1)3,3970
total re%ernm
5h(k-135-1)29
5t07,26'!,830
".368.420
29,100,390
t; urTcn1
€wncral �ti4'GY7i11t rlt'
I' Irian
1S,Ids7.L.,' ,'
15.167,9D7
2XQ 1;118
Oeneraj gO%C r@mcnl t'SLIl 61ng
K,Xt)-J.7ra
I1.977-421
11.341,074
6.16.347
t clrs,latrlr
4,L4 ' . 1'b
4-073-991
AulonlOneeyuipmenl
5 3.4:.'+Ih
5.166.HIM
4392.693
57-1-11,5
1 sty
;. 1 r, 4
.1.717,674
9.057.S+1a
NO-170
XLc Odfilrana;r,lovelcsprrcnt
.s-'j(),.11 ,
c�r)f%,758
4.739,184
H0.569
1'1.1.1111111� ;grid rk}rI'TJF7
5.182,:1.1 r)
.:.4 �',32ti
4,781,313
41)1.013
11,3,s1r",
I,71(@,7,i
I.6(7'.275
1.770.807
96.46ki
1 n1: i1@ c' rin�;
7Tij(14
910-364
787.919
22A45
1111e'nn.ilion techmilGg)
-1.6t 1.07 R
4-6 11.078
1 ('11 1 It
579,947
I i r. @n re,ourees
2.181,7W
2-581-7Rt}
jh iL iiurl,s adrviniserdiion
t
1,54(1,601
# 2 t1_,)nro
1.218.314
1,219,31.1
Ft`+5.11'
('r,unls au,irinr
'62.1vi
784.1;74
0,7i.';tirj
1,0J.318
t%))C mcnt
15U.42SI.LI;'
61.273.071
5°;-';rs-ow,
,1G4 1141
PuNic Safm :
Policc d'}ailrsnacr'.
76,56l.CAv
90-2112.1 18
?; er5',I781
7,544-1 ;"
I iredcpartniirit
62j,'145.421
63 941,96(,
(11 17K.614
2,1 I-146
Pro wcuLiq artnrneN
I I.1 3U.953
1
9.142.763
2,641 AI?.'s
1@rowc iw inspeclion
3.934,432
;.. 4r ,.873
3276kl5
6140.258
IAgUL,r Qimtral
2,2M,753
2,412.Q43
2-17,t,658
2(t4.295
f lood «smml
330,00
«;{}.(1{yr1
s w.1. 00
-
UiviI defeme agcm;�
2.f5412,5t1
'-6��. 7'+
i'+,t+1 q
338,964
Animal amirul
3,414,1113
-414-f111
'.11�� II I."
1??9,i1{It
I vtai pubt i e Ka tet)
1612 1 ` -13.1
t 69,61
-0i
;' I .i76$
111 ;r9u,94`..lrld ilreCN'.
.Ma"Slran�;'.
14,I:t3,1111
12,7—.954
7,711,,`A45
5.1Fbi-3('8
1 C: onfinued)
3g ,
("c)1.NIV OF ilAWAII
Cenera,i Fund
Statement of Ye% em-t—�- 1 kpcn iLur, . xiJ E hsng,-, in I- Lind Ba1,{n,;r -
13Ja�.C1And h4L:.11 fljdi LAn Ra-tik-5
F,xpendlfures (eonlimmed):
Carrenl {continued}:
I #callh. education and welfare:
Lldr l% activities
0fIxx oI-ag,ing,
[Akio ion
S(1C ial 1#Mgrnns
1#om 1cwerss
C'emcicri s
Ph � sic all exam irmi on1
I(*al hea4h, e1icalion and tia0 fir—C
wII"dre shill rk"crvmiom
! omrrY4 uilf mu51£
Orpnized recreation:
Maintmance
Recreation
Ayuaiics
1WitjILL Var4, complex
:%0m irLiS(T-dLion
ChiIdren's mo
4.arrmrr 1nLcriession
t Id',rr1) joL�Ii�k ics a m--.rkistrdlion
I otal culture and recrexioi
Sanitation;
Enwironmemal managcmCnd
Pension and retiramenL contrihutions
FmpIoyees' health insurance
01her postcmploynwnt benefits
Other
L.LWJI V�L6,Ir5L:%
L Mr i,irljl Final I I1udget81r)' po%i#ix C
'6 3.968d118
i 3A98.019
S 1,841,157
5 1,14rt.961
4-702L? 12
4-7 10-' 1 2
18+71(47
1.837,565
52-650
52,00
9.642
43,009
3-115,OOD
3, I FGAW
3,127,500
52-Y10
9-4Sb},(1C14}
9.95{t,000
9.753.6013
t96-397
449,5.47
474,872
453-952
21,020
111,826
133.826
132-7()7
1-029
22,391.75x
22-489.518
19L191.1{M
3.298.380
W9,729
309.729
241,72..8
68.(w1
14-1 ii1.368
14.1)28 i.,' ;
1,1.941.164
1b.? 9
1.4r4r1LVI)
;.4y? ,X)
#, 149.674
1 1?.715
.719�,i11'
1tL1.�14K
f9L1-85e
4.481,7(11
.4, I..fir?
4.586,280
116�.-,1
44n, 118
c)74 Q('
1)17-I 51
4?,? t7
i71,1;s.s
576.185
154.079
4".228
515.22H
.1'{,1L7
4'.5
9913.343
1. 7:-51'
}_J)�Q.Lt";
13.155
29.463,363
29.819,3w
28.193.994
1.435.372
_._. 1.820.395
II.M.395
_ 1.462,954
357." 1
71.782.132
71.782,132
— 6-1.426.755
� 7.355.377
201M.011)f1
20.000,000
1(3.t)(,K.769
U)I1.231
42. £+,000
42,94606
42.8111-1R1)3
1.44-197
67.246.679
63.843-909
47,989.271
15.K5-L,#s-;t,
4117.476.163
495--35%.7?7F
4435,41)5 A
54.452-{A7
IC onlinwcJi
-40-
{rt'[7r.'f'd1 I LJri
E;L, :: , I .' .. "A.Idgetar) 1#,Isis)
I W'Ii1L' 1 ,''.11', 11 1 1ilhdJune30.2023
4 ,p, ndiiures icontinuedl:
�yirai (}L11a4
C"Or„muniL} L?r+.l:Jssl'lar[aww Mock
w,-on t L, f H ( 1) s
�IOMI Program
otal c.apiL,LI outIat
il:�tal c'i,^:4ntli9{ar�w
F �cc— of rtitLA ac\TtrLditLJms
tllk1ur U'anriaxuses:
1 ransft:rs ouI:
Hmd%ing 1-und
'r,4�11d )Xp1SEe I' UIVJ
-Iwwer Fund
(iolfCourse Fused
Capital Pnojiml FUM
Sel(-tnsurancc Fund
Disaswl,mcrgerwc Funs
Public Acuss, O� n Slack, and Nalural
liewurce,,Pr nationFand
Public Acccss, Qpen I�p co. and `+lalural
Rimourccs Pra s'e.n alim Maimcnance Fund
BuLgci 4Labiliraiion.Fund
Comm Bcnefit i uTid
Debt S,:n itix I inj
TV( 3' LrarLstt:r" 0111
Tmal oifitT Anami n� Laws
F%.cessfdefrrCka'^)Iw N
ONtr 1Lffldc!Tmli'tlJriti a1Ld ofhCr utiiS
I wed balalrcc at bugi rw ingail' fiscal year
I un f at cnd of i ircal ycar
Sce da:L'i7nrp3et}ir1g rcntcs to the bosic im&--§sia1 simcrm sy
Act"
Quil l FirW (awsam ti
met_ w F. wis)
5 1 Stl.fM S
_....... 2 (10MIf1
56'(1('16}
W.19 26,16 3
kl-i11K.lia,w�,
1275.987 S 2r650 2.13
20, 000 41.NO
3,490,997 101.4a 1
498.83&714 4 3 K r i7..123
81;429,1 I L3 171."? 1 .P 4,
(C'oncludod)
'7 - nr
�eg�lti+cl
S 625%.7.44
sly 9 12. 18 1
(11.141-INf)
(11,144.320
(11,144,.320
(28.9 10.044)
128,916,0,14 L
(2It.91 (N.044 }
-
13.446.553)
f3.446,55]1
0.446.553)
.
i79a1,167)
(790.3671
1790367)
-
( I N,75o1
(119.750)
-
{ I j x k,l,;x7(11
( 1 MO-4 001
1 LOUi0.0M
t4,.260,t)WI
(4,373.m))
(4.359.277)
13.723
(8.5811ODO
(&962.OWI
(9334.3016)
27AM
(tJ171.Sf1411
t69h.51101
(636497)
29.603
(2A(1. il,m11
{ 1511_01 lo,
(25&ODD)
-
(250.1)(1ui
j2-5O,t;ijoj
250,000
_i 4t AIN.1301
(J ct. 499.110
�(49-4*J4 D24=O)
�13fu.;`'^-t;iAl
I109.016
321_U20
i 109- 337,t 64)
109.016A44
321 S)20
(27.906.048)
(27.9018,54111
62154,653
90.163.201
11. 1.5 59.7Q7
111.559,791
111,339.797
-
S $3.653.7499
S 93.651.24q
S 173.8144,450
S 90.163.201
-41-
Cc1IIhiIV 01 1iAW411
Ha"Rk [ ouIttN FfouNkliv ARC-nc}
tichsduic �pl Rc%cmic,,, J rcndirwrKr- 4riJ C ! dnzes in Fund E3,zCjro.
BudgC1 ,anu 't; lu,tl I f ujr czar% Bwik l
I or 1^1? I Ycar I nded Jlunt- hl, ?Co-?i
Actual Variant
[1rly,,nal i;nal �.f1ucl�-Ctan po;itivc
13LALCt ElLi�d *ca iSaritil f'�rc alik�p
Int4r1',0%Cr1111rCntdl -
1 eLkrdl • J IUD - Voui:hsr program
Stme - Housing grant «
I m rm m Ent ram ifig-S 6; 71 t(l
RcN.,IL;
[ill:cr $35.412
I oW w. ernurra
29-533A49
f,,%ppnalitu( s;
I Ica Ili. education arnJ >L%cI I;arc
r.569
Pemion and rsnjrcme It contrihutinn.s
1, 131.1.1115
I nlplo)ccs' he altar in;:lrance.
4h4.215
total e�,pcnditurc�
40,hTI,96k)
06iciency ofre enucs undcr kAI)enLi;lttreS
i 1 2-1 a 1, �'lll
01her iinancing s(rourees - tr�n icr; in .
1 runSf'rr:S in i i meraI r,J
11,141.320
1 liE`+� LJCIi4 iCa7t'., i t,;, nLWS and COer S,Ou es
oCr d unLier) c'kpendllur
( 1,[ptx),�111pM1}y
I and hd Immzr at begirming of Iiseal3'cw
.1,460.11D3
Fund balance ai end of 1!scaI )= $
2,460,103
See ac"npwi) i.ng inJcpc 4cTm audiims' repori,
b 42.691.53? S 36.092.209 S (6,609.328)
2.000L00f1 - O.KHIO.0 i
81,700 1 O.R4 171-136i
a 111,101 91-000
835.412 r,1X.NC13 M-bt 1
45,60IL649 36,7W1.57'6 1&927-0731i
-!, 1;.11i # 12' .234 20.451.920
1.16 .90 I 111..112 32.591
464-215 1 , r .I;kj 30.776
2t1.S15.187
1 13-59(02.11 1 I ,9I 1.40q I 11.689.114
I I-144.120 1 1, 144.3s24)
12-455.2% ;1 9.21-1 91 1 11.bg>3-1 r4
3.4WA03 31.4N) 10
S 1.004.%D S 12.691.01 A 5 1 1.688.1 14
. 42 -
C01 INTY OF HAWAII
)Proprietary Funds
Slatem,= of-Nvi Position
Junr 30. 2023
AssNx
Current assets;
Cash in cash uquiwalcnts {note 3 )
Restricted cash and cAi}1 cq{.Ai,, aIcnts trrnre .31
IrnpreSl rundirw )
Rvicej%ahIvs. nL[ irrnte 41
Prepaid ex1vr;Seb
Total current assets
NonCurrent assets:
Reslrictud cash and cash eguiw;1lcrl[s; no Le 3)
Cap i;aI assets (no to 6 );
l and arnd silt inll+rm,ements
Buildincs and equipment
1.Csc 1i','4iiillil,aC4 l dcpreclatiml
('Onrinj,CiLm %%or} in ^r[1press
1 tital Cal+itid a5sels
1 mal rli ncurpm gsets
1 ocal assets
Liabilities
{'kimnit Iiahilitir:s:
AcLi�nunts Fa%ahle
1)ue ro kgIicr ��. 03 'L Tnmental C"unds t now S }
Seuurit� deposits pax al):e rrum res[ricted aIT1�
I ncarn`d reeenuv
Interos, pay ahk
Notes pa} ahIe, r'urrem pmiun (note I I !
Other liabilities
'l otsl current li; biliii s
Net Position
!tier Ullesimm in capital assets
t Inrev riuted
4 owl net posii.-on
Sre acrompan%ing noz s to t1w basic fimmncial scatemenis.,
}iusilless -tt p,° .Acti}.ities-
1lr} eglTig- Funds
Kulaimaw O1111 Fkahl
#:Iderl> .rki�ti7rdatrle
housing Housing
Project Prcjuo Jata1
741M`1D
5 558.181)
4% I.'?!6.571i
15.023
31,1^3
4it.I'w)
sr1
111:'
l �,I
10.767
11,916
786-146
-74,1 12
74,112
311_00fl
S15.'?27
1,06,727
+,Cr83,21Cr
I.[li(-i.y51
�_14C1.,IE�?
1)
I21?.Q1:1C
(1,726,604
'• fIF.4.62.
1. S _ii. i
3,b1r).tv58
2.870,771
2.132,99M
5,1103,769
20.193
11,563
31,756
254,222
)_1?0
57_392
15_021
_'7,787
42,_1iuH
-
7.53 4
3,352
-
5.750
-
.5,7�0
9B.538
58.144
3 6 n9_
ZM4,625
1.4.52.&11
487 6[k8
622.023
1. tf VAI l
_1
2,572,253
$ 2_07-Mi5.1
ty i r_n t,
-4-
C01'NTY ()1: 11.EH4A11
Prop6rlmr) Funds
Sulcmtnt ol"Rewnurs. U-gwwc'N. ind ( hangc:i in 1-und No t' .•. I:.,„
For the 1 iscaI Year l rid cd Junc 3t)- 2f1_'.:
Operaling tot mum
Rental receipts from tenants
Rental wuhwidk PrLMrn Wcrul goveramcm - I II.'D
Laundr7. rrccipi,
Other
Total opertiting revenues
Opt'9"r36it e4pen7i .s:
(lent, -al ,L-id uLtni.miLrrutia n
M,vngi;-wnLc mid rw;, iw,
Depretidtatto (tu)4c b,
o i Iijo rmingc..perrs++s
0;1V,T,glillV i11i11n14'
N-nnoperal i rig re N CmAcs {e�p��kSeS1;
In%CMITIvilt Fmcomc
lnteFtA 0%5�cflw
1 i)S5 M1 JI1 P,+,,al uf'�i\cil 1',5Ct5
Too n tnor ralcn.g rc%criuc51i3j'fniC�
{ 4I+& l cLwa?rbutiom
Conlribuljon5
Chimp in net ptrsiiion
Net p(nition, heg; s Ong of Imal y>:ar
No position, ead ur' I fiscal pear
See accompan} ing wtes to t11s basic financial 0ntcrncnit
Husinusk-l--j-r i1 Ir, 11IC: -
EnlrrF�i�,,.
Kuhoimdw
()u1i Lkahr
1 Uvrl;
AtTordahle
I
1 "Sing
F'n7 r
Pro .-cl 3 octal
S 170.450
5 360,311
S 530.761
331-W
-
331.282
701
701
L622
8,035
9.677
304.055
368 366
871421
39.929
119., 24
179.153
239.670
159.NP3
399.273
96.665
43.595
140,260
104.664
3A.3111
138-9455
5iiif.4zx
'355,123
856.651
3-127
12.Nd-1
13.776
i19
1.885
1.104
t12L0981
(12., $)
0.104)
_.__.__ 951
15.4991
t Ib-983;
1.tck1
0 SAD
24-292
1 U 5 - 2 56
129.548
10-4.16
1 1 ij. ; LN
129.935
_ 2.561.797
_ IM5.1455
4.517.232
1+ 2.572.233
S 3.07:1118 4
S 4.647.097
- 44 -
( (I: % I .- , j - I �, -a, %k !� 1,
P r oprie [a r) F u a d %.
Swe"i ent Of CA&h F IM., S
F of the F 3 sc4'. Y cat Cri&Lf .1 u rie 30- 2023
Bwflnes,,i) pe ActiOiles -
Lnwrpriw Funds
K 11'aiinallo
lkulii I limi
Elderly
AfRIFdAh!
Housing
Housing
COLS(
PM C!
1,01al
aqli Fln*s from 4pervfln2 Acti-,ilies
-: i -- y i � , r,.; i ) x!,7 an, i
S 164.856
S 374.,873
S $39.729
k- C I I 1[.. 71 1 r: r,:J,.: -i I i n i nent - i I I I D
331182
•
131.292
L-Upp I ti f-w fix g of.-d a rLd see icc-,
1395.046 1
4
r 719.2211
N ri pro% i W b-) ope-ral ing active it its
1(Y.142
J2. I Lrn
I 74;X
A,h i- IL,%% S from %entapitalFinanrirvv. kctkolr%
191.716,
(91.7t61
-716)
ash HibAi fimni ('-ipiriji And vc:,tT,-fr f-mw%piqit:i*iiierl
Pr ink qm, I ud Or —�k:% Nj,
(314 111
(33.4111
I'lJfL 11,1',C - il :3-, - 1. ,
I J, I )Lk A )
(5 -OW
N :i 4 11 11 *c n call I la I an, I r c! I m i, i, i i: v i - i L-. .tk i i %
.. ,
4 rash Flows from Investing Attiv[tirs
I nicrcv mi iwvsImenIs
219
I-W
1 ".4
\,!t cash pro,, ic'4�d h,- irn csfiiiF dc6i,kies
219
1,14M5
104
N c t increase in c: a,h and cuI-i t!q u i % alents
&695
15.11 L
&J$ kllLj C0,01 eiAji% jicwi- !t I--ginnmp o7' I!scipt ym (incWdin,&
d.;,h 311 LI k:
754.7M
4'
1,4102,359
h 2k [k i;,. t:,Js 6 car [ 1,Liel ijln�
rest r i, I ed c j-ih -in d caos, c:q u i j i v: -
S
of fJprrm.:nE I nciini, ro 's ui ( ash
Prok Ord by Operating kcti% ie:s
incanif
S 3.127
S 12-6-93
9 15.770
�,Jjk)ti,(Mffjt% to!vciricile opemliag. nivonic L45 11CI k;;"b
pro% id(!d h-,, OFMIME. Adik i[iV'b'
)L:17.ro4)-xior: tixpense
104,64A
34.301
138,965
hinge in 3,,sct s a n d I i ijj)j jj%iV5;
Reveivahlos, net
(6.485)
4.353
(2,1321
Prepaid cNpewws
(9.004)
1 8.(X341
A L:,:ou n is and L), hc:r pay abk-s
10.155
(2,Ot5ci1
R.OS9
Uncam cd nv- c nui!
(3,265)
a 3.367
102
Nct cash piro% ided k% operating acti% ities
S 100.192
S 52.598
S I 52.?w
SupplcrnentAl Discilmure ofNuricarsh Capital and Rotlawl
Hviancing -firm iLifics
Capikal cymtribui ions
$ 2k292
S 105,2$6
$ 129,349
SM jWL-cm-npanying nozes to the h&ic FI-ronciol slnritrncnli
-45 -
COUNTY OF HAWAII
Fiduciary Funds
Stalcmew of Hduda@ Nvt Posili on
June 30- 20D
Private-
Purpow
Custodial
Trust5
Funds
A swts
C�, a n d h c q u i,. a I e i ii c, (n o I L.- 3)
S 623,348
$ 5397,680
%aKmmw:,�3
R897.197
Du c from mh e. r L: u6tod ia I 1u nd s
-
6.535
0(her rcceivables
80327
1 ol ul rrcah I c-,;
86-8b2
T"OW amicts
2.525.545
!.49,1.542
Liahifities,
Accrued iithilitics 2.27 1
Dijd 1-j L)lh,:.- CLIStodial funds Egg
3d%--ar)%V1 4he 50,-(�401
10LA1 liibilitics 2, � 3.1,317
Net Position
RL;slricted `ormh2i- p.:rlics 5
Total nct po�iziun $ 2-525,545 $
�-.L! ACVompan.N ;nj-t rioln, ELI thr basic aamia[ Nta-cm.rnis,
-46-
CM NTYOF AU
Fiduciar-r Funds
1,-kal cm cm L o I'Changes in F i d Lic 4.wv No Position
Or the I- -i scal Year I ml cd June 30. 2023
Private.
Purpow
Trams
t unto,
-k d d kiD
DC % CL14)rCl' &1�1, % 11
1.51il.619
LM Pk I O} 4ZC 4:( 111 &:tl i4 On 5
474.4161
LaPkd cheek 4
54.988
Colicctions from vchicle rcV.i.,tT3l'-ons oW 11censts
191.629
lnvcstjTl,:nl. k7willop
122,508
.38.623
T'M.lt 4Jdizkcm;
122,M
3 1 .5".8 18
Deductiom
Gr,inl pa,k -n eni %
211.934
Pg4 mCni ki I IjNLn [i) SILtle
Pamvnr:. - not lor pmf ib and
imp,l ot C;I'L 11L 51%[FiCt
-oni r i hu t i k i i i -, to Jeh L jvpa) meat
265,653
Admim.slrA(i%'V HILMUCS
1,235.303
CommuniL) ikflit) distrim cxpenws
I.S72.612
RL!Fyw,mc� n(chocks
43.559
R e n, hu r,,c i n c-nL% to ;ffl p 10) eeS
In,. c-Wr,"[ f, cc,
14.913
90.132
I wal dviJuClicmS
41747
31.523.277
( hange in net posWon
79.761
43.541
Net posilion. hceipning of fiscal year
2A45394
3.1(W684
N t� L thkl yjl: C?Fj. L, i i ki t' Ci I year
2,525,50
1,150.225
S-UL RCC LWI Van y HL� nm:b to the is fma nc kd I A.mictrti: n i -N
- .17 ,
COUNTY("
lNeWs to the asic Fimanrim! Stairrimenits
Junc Ilk 2021
�e aO --Whp P-QVv -IfrrL I MC It & l-Waki Idw Qvnq) rxriroi-m to I I �- g-en(m ll� at;ccpicd
phn,q'dv(ti.NAP) :,, to W! pncnuneniml Wh I he Wlowks noes tc
thu hxi, financial staters um mv mi integral pul A Or ( 4"mQ Tirm.-d c 'III 11Tht:.FLSj4t! ['illariciall
Wpm I VVIII).
Vhc I-Eruintial Rvporting I Flfitt
I lit' t otkiws 11iM inIPICIlk"Ilicd Covcirnmenwl Ak`Omjiktin,,-- S(mitkirds RoArd Statcrm:m No, 14,
f h. - I. RL:,.,,! 1-nia L. ; t., AS 11 1 N Delermining
N vo Q, Ovap.; ( Art Cowpemew i \B �1;.ftrm I-. \o, 39}and
wement M. 61. The boymm-oulRepi.r.-rug Fwat ell? klipteMbort-tif O'GASB
mt,-PPIS tr o i toj.) I V�ri W4 -an N o 6 1 j, A] I organ ii-alions, acti% ilies or turwi 10M,
-q.t !,W lhe;mv I ;h WNB Slay. W-L NO. 14, 41,.aT11eI1OCd. NO, N ;Illd No- 61 for inl:1Ljsiorl
in UK rqWMVP onto) Kra ilWlUdkj In Me LYWWj'S blSiC jj1.-j.rjjCia1 4tatemcnis-
Pri mu� %- ( iovernmenir 'I I ic ( 'o u nty ope r awl u m 6 1 Ot N! a - a-Chunclil Ir. %Wgovenumil
j Omrtwl Warne ',-,It January 22, :009. z",F)i -AIs 8111111CII'dCLI 1.1 1L)79, 1(� .,
wo; -d ary oreaniic.-: 1-, killtp%ing
�atcl}-. high"an and sincon; armation, health, education and %whirc:
.:,L! 7c-,7Catien- pcnsim ind rchrernem vonri-minns: henlih fun;L mi5weliamenw.
3,'A !k+J L,,CrNiCe. 1he State 01 Riw.,Wi Ithe �tllcl 3,,sLj1ne!s full rcspom,il,ilv�
PA "%Llal imalur Wows Uwally pcTfol-IlIr'-d 1-, lo'."d gmYk7.n1rm:11tS, ilicludifige(hic"Iti(m,
wdlxc, heaNk arld ili'66al fullctiow;,. Fllvlt: Ilir 'A., [m raw rile, q;otj n ty or to%k It � I I I I i
W. t': [ I 111 t'I I t -, nor fill} SC h (I L) I tJ is I ri rr" D.: I ,i 1 0 1 1-:, 1 1 or i r i t: � L) r pu h I ie c k-1 rpoMt i It i I h.
V1 lapping auu�L-"I
GASH Stalemen: N,t 14, as amande? Wm% sunponfrit unit; as legalo mparave
for the c*ctO offiQiiah, (if the prim -.ate go%xmm,w� are fiflan,�ia[IN
:I,,k1,nl1t.2h1c or ror %hwh dw pHmory governmew ma% dejenrinv, ihnwh exerckv A
111.11 W I`cllkcllt 6.q PrOfC�Ni011,k I j LIk1!.'.I11CnL dmi to Aw WA of an to malim imi Umt does no! owul.
Ow i imw, ,al wxou nwN h a 0 nWHa ij MCCe"aqj H I -k& 00 1?M1 OU IC t "OnNg Oa Q '-.
I-M.111 1.1 1 frOM IV ill�. III i "FilIA11L 1611 .aL:,V!Jntabi 1114 " ii� lb e IV, e I Ot
accomflabi I I r� that c%W 11 -1 pr rmire ernment aplxminm a N a hy mQ114, of arl
orlwanWo& Ro% muny luard or if die orgardialkin h.; fi�call� Jcpcndvw1 k!n the ;)rimar�
g,o% t, mment and k enhur jbk h, impow a% %% i 5 pit Tat orpam/;ii I( it or thei c I,, % polem Pat for
111C tO P.ro% ikic Lq)c,Jrlc I%L-fwlt;s I.I.), or ipuposc flinaOciLfl hi.qkjcrjj`,
ors. rhc 1Fi iivi,u-) gox L:i miwiil. A primary govurimiunt ha,, OIC zjbiliT % 10 II)JIlCi�C jjy %%kll -m Ili
01"r.driiiAlikIll ifil �,111 irlNeTICe Ific programs. pro.it°ct,,, ;ici:k ifiew o� r Icy of
Icc�s PCI-COMIld W pait ded by the oTaWmAn- An or ' paidevOin ON a hmancial beiwfb or
im"M rkatkn;` lhi� TATI� one of tfirve k:Londitions exist, (1) Th%a
prk"or) go% cr-mem is legal!) enuded to or van whowsw acccs!) the or-,!mnization ;; re-wurces,
Q 1 he primary govemmeni is lgjl� obligaied or hai c-thzrwisk- the obAgation it)
-48-
COUNTY OF HAWAII
Dotes to the Kaki Financial Statemonts
June .30, 2023
iiraance the de ici[s of, or prm, ide firrancl,ll support to, (fle orgimiz ation; or (3) The primnr�,
1)Q7 C.1'111T1L`nt is obli,:,1;3(c(1 i!1 sorric manner tUr the debt of the or'kanization.
As ri cqulrcd b) GAAP as sct forrth f i GAS13 Statement No- 1.1, No. 31) and No. 61, these b,l-,ic:
fitaa'trtwial stalcracrlts pres�:rtt the County of H,awai`i (thc primarw government) and its -
component emit, the Defray mcm of Voter Suppli (t11c� Dpartnlent), l lli c1}inpernen[ unit is
included il) the f'nutaty'w rej)Orting entity because of -its finajiJM rr:l6�ticroship with the
Discretely Preseptferf Component Unit The component unit colunm in lllc btatiic: tin,snc iftl
: ta1+:.rrsk�rrts ira;:ludc:s 1114: frnaall�itll daataa ufthe Dcpart men1, La IegaIIy independent agetic y oftIic
County that is aacwUnted for uw aan enterprise fund. It is reported in a separate c0Iur11r1 To
emph lsin that it i,�, Iqally s1:p;arolke 1'170111 111V �'uurrty, 'I h4- iu, lmbU:rs oftllc Waatcr Board, the
governing body of the Department, are appointed liN the 'Mayor of the Ck-,unTy and confmm,,d
by tfte CQunly COU116l I lle Dcpttrtmc111 is crantc:Li cclrporatc powers b} state statute Lind the
C trusty Charier. Although Chc County doc-� ntst hli1 L; the aLithurity to approve or modify tic
f:leparimenT's operation l and capital bnd).crs, the (-nunTy hay. i., ue11 hands oil thy:
Departnacen(s behalf'that are general oblivations ofihe CBec,lalse the COMM is
obligaatcd to ri Ipa,, rhC. Q bCrrlkls in 111V cent Of(It:faaull by 111w l.)(�palrinlcllt, 111L. CQL111t�, is
tintan,_iall-F acCOLinttlhle for the debts of the Department. Set ?*tote 1 5 fsir CoMponcrlt unit
disclosi.,r'es for the f)c.frrtrtnietit- Cortaplete firiancial ,tatemcnt!� of tht. C.}ej}tiir'(rmmt can be
obtained from the Department of 1'Wtltel Supply, 3.15 KekCiaanac)'.t Street, Sake 20, 1 {ilo,
Basic Financial Statements
The basic financial statenl sirs inclUde, hoth government -aide (hissed (In th; t: 'chit% ris as
VdWlC) and Culnd Crndlrcitsl sttltcrncnts. 13cith the g crnmcral- +idc and fund financial
statements (w+,itllin the basic financial ,IatemenlO % ategkirize primary activities as either
4L)vcrm11cn1arl or business -type. In the cTCAk ii111cr11-with :,laltl:111CIIE Of I1Ct Po),itioii. both dic
gmernmenral and httsiness-type activities columm (a) are presented on a congolidatcd haici.;
b}- COlUnin, (b) Lind are reftectcd, on it Cull aucrual, c, coiiomic resom-cc basi,,, avhich
irlcorporaws long,-timil a1sscis aild rcc;ckr ablcs as wcli as lair_;-tctnn debt and ohligariori%.
The government-" ide statement of activities reflect; hoth the gross arld riot pr
furlclionaI r aic-or,, ( envi-iiI L,(1varriimc:rtl. piiibIic :-a1fvty. 11ighWd)a Luid ti:k Vvhich are.
othero,ise being supported b}-gene.ral-overnmcnt rcventre� (properly taxes, �cttain
inter iwcrnrrlerrtal rc,rrtltles, c1c.f. Thi :�latemc!rlt elt 3CTA inns redllceq Dony. s ��I.rcn;es
(including depreciation) by rc.latvd pro; zim reVCRLir.'s, opertatino and capital LTrkaiats. Fhe
prosgraam rc:verlcrc3 must be directly Lass cia t i witll tl7w ftirlati43rt (�)encraal 4c}vcrurticni, publi(:
,Ifm, high%4ays Ind streets, etc.) or a busjne�;s-type activity. the operating granr} Include
opermiltmg-specific and i iscretLonar% (ciihu opuatim, c1r L:ztpliatl) L'Tarits 1%,lii 1; [lie i;apil:!k E,ralit!
culLtnlrl rcfl4�cts 4apilal-spceilk� grouts T11e nc;i wort 0iLmmoa or businc�s-rN pc c1k:1i , ih 1 1
normaIly covered by genuraI rcvenue,s,
- 49 -
Now to late Basic Financial Statements
June A ?0' s
The. 1.v%ertamtTat-kwidt li cua 1, more on the Sl1Slainabi'it} of the 1 .a1 '+:t't 7s an vnlitr, and the
Sanyo r11 t11t;1',ICptt` tl!?mra hI I}tF',hAm rauAirig lThsm to alG'IIklfI, a hen sea3l 1aer0d.
1 11C jlllld 1`111anctal Smi,_rrlcill'.' k.`1 iphanis i, tall the 117ayi fund; in 4,ir6m We gov'erTlfllwal or
sal-I11!.i1k'r 11.+T1113 ;Iwo. .:ne- v t-°ry ) ;;.1'w' -�11:°,',115,!-'II't'd Irito a Sill glr i'+4aill11.
t�no 1_°°T1}ernmcnO 'L!I�d rn dit.: ll.,#.�fd kin I'I! ° +'':...'��"r'� ; f,. % - '_i'a�. i,]Sing be C'llTT"I
IT1siE�
l cial �`eSc�Y{Jrc lbouS and inadW' d-..r'n of w. - 7 , " I his is the Manner in
kkhkh We funds are nomulb bnd_meti f ;',I, 1afewnlation it, dl�erncd m.u+-t approprialc ..i (teal
dt'n)rwTl,1.r:iT1: 14�i-',aaI and vokown aw:;F+ifmt.'c, 01 do11nmzlrynk! IhL rind tjSC'L_1 IigWh':
rc,�oklll:O. .1nd (C) dull ou7 lmie .Ill'°1c the ( twmil ', ,k,lti:il exp ricu,_k' i"lltorms to tllc hlltj .o
fl'.wa1.I 1x1-111 '�inl4k: tilt 1°,Intl ,tl'`�: ,'i tlel Ik'=ef'.t
rttC"-osurem,ent fC1> ni and halwf5 of wo ,`,,':'.'.;;amc ' Ihm the gG14c'I'ilrlll:n: ca Me woozy y W
go, vivrico W acnivitle'S cohnin. a rveonc:119i14 n iN prcl ,::J on the page folI4'e inl _' taOt
ytWLlllCM. "hQh bTiU!'. the a4#01 l UMI nWeli.: m. tT 3TaSf0rli'1 the! furj
frna1k1.a1 awernent-- info klsl' go%ernmentai aelkiIICS CLII'.,IIm lie yo%urnmellt-oLidr
11w [, imnr,, ti 1lduciLkn i iind'• .irk' Ilr4.,C:Tlt (1 II1 tINC Iu11L1 h[nunc.[ail st:1fc`Illk'r41', '3yQpe (I1r14oru
Cu5 adiail i °,lilt- 1,,� ilLt-miliorl [h�.w wen attic li'4lr g h ld hu If'., henel ll ,.4 .l
1llil'0 f»Q IPI'll We partie.., ,[-, IV ge.k,e ll?'l ent- eli..) a,nd � annot tie u%ied fo addn, S :iC°."k [IW, ..'-I
4xFw'1►.i+ .''11; M,tile go'.CT incl11, .hee t trio,.;Uc nOt kn% twrp,�`.ra(cd rnlo Ihi gel%v7-m,l nt-ti, li le
'.'rT' k. I: ;
(r'fye°p'✓ JdfTre'Ifar wide 1'tfol fUlhl flff2S"Ciat wdiivfrle n" 1 lie. go%t,rrkinc,.il 15 itjt' i 11;o_t 1Ciaj
t-rll', I i. '.,,, tIIL' ",tat:(cnwrlI 1 °1 Ilt,'( pobiII,m j;Id kilt' 'Uili'Tnent of ,W1Ik it IV,,)
'•�11}1 HhH Wn on all of fthe now W i il: ia1� a,'."%it lk". '. hkf lari mar} gowt mi teat slat .r.* ;oniFKlijent
I.!I"!I l It4 effco (1F ITl edind :" k% ay ids been rerllo%k:d i r,, rm thew stateniew-, U'Llfi111,: O%C
f.n k,i`oof incarpwalkng hind dMa hLl &Wurd wc[%wes prm idcd and uwd flank: not been
chnOmmed in the ot-con%olida.i n.. So arnmenwl aan dev whwh nwrnaally are
s u pp ned b~, 1axes and IniCl'E:,CT5r1:f1lS'ren1a— rI %k 10 Wt cart reprlrled separ,steIy from bu mineN.*
yp :kirk bie , k'Fhbh reli loot Anni a w t \it'll[ t'11 l,:u% rind chngzcs W ',upport. 1 Ilk n Inc,
the prllll.lrk goernnietlr I, rqutrod tiepar;iud; Ir+ n ccriain IC.jPajly WjT,ir,ltt'r:01'riponelil Illll(w
Jt1r'A 111di 11!:` 15r'iT11,1FN °. '. `k t-111.111 t'111 i� 11T1;lr11'I. 111 iiaiblC
FliC •k,t`s':`.c:.- A :LAI% Ries I0 "hick the dir441 cplCfi;iS of;-s 1'14ell
Ilhnonon or °+Ciment a3TC olfwi b� FrtDgram re►ellueSr DirezT airy Tl ost: that 3TC Llcarl)
JcWnhle %%A a;pQf r Wrtikhm or sawmenl. Prr3,gmm re%en,,.vw mcic axle rat chnrgce to
s 41,..Ik'111i1", ".f .,pplir.a>tnt:'xh%t 11ii,.-,:3ase_ l.lSl. ,srditvcl1% bt!nefil t:,v: ;' . d . tiCrkor
Iwrl'u i6c`I''t'•, f)RA iClc'[1 b) a gi'Man 1111wdun or `;C.6 uero :slid (b) L-',rtllll'•. ,r vi widhulions flea[ ary
rC'titl'Ia'[t'il Its arlvet ng des sxlloalwmaal or callll.'1I ICCI[rrnrllem , 0 .l t+91HN rll.rr fUrrc:fl{wn or
segrr'aIII l AXCS alld (9hCT Itcnil , not iri{;1k1ded amtw111.1. program i4w Cl OC'l Lire I'el10rl!Cd rll
generail rewcnues.
- so-
Notes to the Bstsic Financial Statements
June .3o, 202
Separate -1i-t iiicial ,tatements are prc,� ivied JOr efnrnen�al '-uA, , sir%iprietar,� funds, and
tIdLICMr% funds, c;en Though the latter arecrcILIdVd fresm the gx%i idc financial
_a-e.nerit". MIgor indi%idual go'kernrrlenlal (ands and rna.'! ,r Iild!'. Ou'lI errtcfPIr k-e IuTlds are
led as p_kr fie w1umns in the fund FlMillL"lal sTaicnwnts.
3ef viriet it; /rrxrrl� 111c I!nLkntiial tran..w4.lion s t,r Rl,r c. :arlt) ir1' r1 tt'', c,1 in Indll, ir11. A fiirid,,.
I'i1tih fI.md I,, ;k4.a' mriit-,1 It,a b_� pry-,idiii.v :1 ,qv r:lli."°,tl i4''� I!"tX11:121, IIII:.;:i+:011111�, that
cOMpriIC(, 11', :r`,,Cl',. dui erred s,11t1-1OW', (11 1 III(LV,, Iiabilitie5, dcJr!IvJ Ilia lts\b , ol r4;�w(Irs c"•.
1111151 t',.III!P.. n-%V.liki%:, a 7:J k,xlicrIJ!ISire,,,cxpcnse,_, the �, i,I "f j1Iiidk a1 t' i'eI Isk
gCz>Cr1� L;Ia I t I _alIt1r1 %� I t ft In tiler tinslrw , ccri1ciiir,,.
C J A', 9 ',, t ntt tlt No. 3 4, Ruck Fjr%rrrc-rtrf :VI"crd� r,ra'raP.w' ',ti;rJ
1�rt7a'_e;rs ;,,r . ,r,:rit acid Local Croverrar'nr<m.�. sell tbrrh minirTluni. +:rlllurla r tk cemgc r f the
a:wTi ..h.:Co 'd 01.11110%SN Ofc so-urces, li,Nhiie,.defcrred inflows ot re�,ourc s, rrsenues+.,r
expendkur ,, c,.,'r : ithe� I'mui L:; I!q,�.iwr or the r of crlmcntal and entirp'ri,l: wnibined l
I -Or 11 (JOL-MiILL'..L,':1 01 111,:ktt,`,r (ilret , I ht- !),mrl111is`rr 11w1 '-s are C17f1117i d r11 ii column in the
fund finaI1cvil ,t.ilewc iw! z4 ld tiet.lilctl ill IJ1t' 4 . sslt+inir'1�. ',rctic3n,
) he C nunl�r rcliorr, the r61.1 av frig irtajor, F_,,ogv •rlllI1W!t;r' "ur;�l,
fr<enerul Fund — I fie genera1 fu.lrid i, the goieral operaiing fund of tilc• L ount). It is used
.i�cPunt for Ml ac.ti}it°e!, of itir eencral goernrrleni, except tlwx rcqulred tube
. °.;rilcd for In other fund,
C';rl,rfrrl Projec1% F! lyd - V.w d r. ;14. .lim tor ZhC CQMz Of tif`114RalJl r1, .
rrtrl7n'°5�.'rtrc'rk1', 1i1?..i11�c,�1 ��rtl1 z,CllLfal.�j,Ilt`.;1ti�tr�%r3r1d �rrt�aeccl�, i���il,•r.k1 .i11tS •,r;�t�' r:r�tlilh_
iiT111 r'.i'1'14'P,41 xid •,j,t' 411 rc�l: w rmid r'3t'iiiipe,, tree capital IRlllsl 1-� tl,cd tfi
;14'� tlilrll +,,I rlll,il'It:1.11 fesaurce4 I�} Itc rl =,,`tl it',I 911!� aC�ill�rtltln i71" !.+511�11'rl�:[14�tt ,.*r f1;r�l,.r
at:,11t'!';f� .,A o.'rrl,ll'14,`I'11 iiPlta� fa4'111liti", ll1�j rrrjfkt truCrufe �txtller r. fan 111k." t11l,!i::;;: J b",
F11,'1" lc,! -HA hiridi aril. trait fund) ;a114' ! .cp avalc pr ri;:4R ceilter's are lies ed to C.:.ntrcfl
f{r!aikirr.r i° �^try s i:t.' 'lousing 'v ets) i, used to aecciurll for I cderail and County
i,hz t1t7u"617r9 ash,11r 3rl.ir,E, w%Ith n the C.'ilirIll
The 6.'iirrlS It' S,,I'rt. ilit' 1I { t%kI
. j 114 7g mairir I'lr1+},I fun[k'
Kulrr"ienam, 1"Ide'rl}' Hcrujfpw Pr,ijeet— I_tscd it) 3CCO1Ir1t I01' the 1+1}4- AIlkill ;11-a rental
t`!IPi,1FC111zca,, lu,�atednortlr;t!r EIIlo.
Oillf I.Atzhi 111o.r1lri, ble .�3t¢,7d1 P+~d.M Procct I ' eLt '.k"'. r",Iv' ,,Ij"£; rX1.011 iiT iI i
All A .',I;^'11L° pi, 4>JCLt J0,:Yed rrl \ijUl'11',1
COUNT OF 11:'#WAI-I
Notes to the Bwa ie Financial Stateniertts
June 30.2023
1+7c' .'0LIIII ;k;,rw^•11 Elie `'1lllil4klr v hd.L;_iLn +1;nds:
Privwr Peirp,,w Tract F-Undi - 4 sed to account for inyaestment income on Funds
=k'tie; w ed tri}li: !iir"r- r,.:,Lrlcww L, :u the pt,rt of I IIlo and tk related expenditures to
pii-onw(t! health and saEei} on Ilse Island of llawai`i.
Custodial Frtrtcts — 1. -cd i-,k,:count for a�sc:ts held by the County for cAher go%ernmental
ittdiw it ual4. f itsµ , ;slodial funds are itj!iiodial in nature end do notin c lxA
iriC.d'�,LJrvniunt of rz lilt of L3 pc, ratitons- -nic Counr% has the Rt I I U %ing custodial funds:
• Statc, \kci--8it Ij\ I it siC
+ fsrl�,r ,��°1i1�`lit f}i,lrik C,, IN i-ctlid
• i-77!' ,4+_Iliti'I1. :- E4i.: la' ."."s I1', 1 -.n-d
► ", I} wt.. III;'!I� _. .-.. lei i ,.�� .I
F'L'rP rl:,.sr°tic L,nd I,,c'r ,l {l.ihlr" 1?ei'k7'-,;t, I llli11
I Ik` ll,lt �%pklidin,s r +'csutlt
+ f ,iCS ",`d ,l.rrant* FLLtld
\.,II I' II?. License PlaWN Fund
,'.nd TaSSuC -.ind
� I�.;..-,_. 111115r;�`".�"rrik', lir•„r:S' -�I�Lllt{'�
BasiS of Ac'cAlunting
Basis r _a: coasting refers tea the per:od in v.hich icti,unklc 3 d expcnditurt:s (or expenses) are
recognized iri the accounts and rcliort4Ll irl Oic ba-iK fin-j;Basis of aia ckiunting
sel:lte,, t{-, the timing A'zhe aw;—k.swuments made, Ofthe rncasurernent locus applied-
Iic L*{-nernirrew-wide financi,t! ,Iatement,, and Ilic proprietarl , #icluciar� and c{-mpkinent unit
'11nd llnancittl •"t.tttML: 1`71` Mt' j1r4'N r1U:d iM r;;n =i+:irLIJI }.i,i, .! ��tsi;ttllir±i . Tic ro%c•rairrl4'rlttl
.lellti, in the fund financial are l te,Lll;c4l k'ri ., 11-IL .'Ni d aecr.:al l —,J
tt c-rual B&srs - I•Cv'.c-;ic Iect NIL! 111ZEd v.lie ir u a r n c d and cxIse iiws art ro cog riited t�lie n the
I VILIICkl oblIg;ViL)rl I iiis: Urrt kI
%loe}rfiradAc crr1a1 Bee—si5 - RuvefLtlC'; WC I •. hL:n susceptilhic to gccrual (dial is. both
,, t--!i aNe and a% .Table: 'Alea-,urablk" n-,ean� -lie amounts arc d ten-ninable- "Availahle"
rllL:Ar`l thy: iirll[}um-, are colt,', tibi %6thIn curwrii pL r1.L1d ._.r sm',n enough thereafl r Wrie
o2ar for itltergo%e"rnnientaI rc%crILiL:,,i to he Lised to pa: liabiliiic,. 0 ihz� current periik"l
talld pur rrl its, charge,, FOr :urreAlt wt''iLTS', 1111C'ti Linn forleii ilrvs, pen a I iL..4 :i l) LI
I !'I I'•k.c Il:t r}5'a V1a, li.-k 4a311'.'3 are ra,'w 111It_ i .AI rep, c231'l.':', X�-hen reccl4 ell ill cash he: aIt se ill C1 =irc
x"CIItj'?i rl :s: ,:.I,".i lk; 4rllil ,Li,iLi,t'�.'k r.-,L: kl l v.iI pro per,i tti",C', iiad Stat'C '','kr
Fans oan llrt.,C+;:d lire Ck. sidered aN,3i[ahlc "heel cc) Ilerteo
52 -
Notes to the Basic Financial Statement4
June 30, 023
III appo Lng the tiosceptible to acw I .d con4~ept 1,• Tcvznues, the lee] and
cimaracinal rNuirements of dw im, :crkluw indi%Mal programs are ti,,ed as pJit in,:e. Dicre
are cbseniitiN i%;o t}l,%:, I:.," fr+.clikJt In s spa, ill aInies must he cxpended can Ulc -sp+eeiFic
punow nr � a,i hrf ie on) „ {I!a, u lna ice.' pmd w Ox Counry th{-r£' or, rv%enuui Ire
ic,x'c.;noed 13,1%oI Llp-n the c"\pw kh1461"£'x rir41°]rrwj4`L.l '%.1i),,t c*ri�,1rI14'1ion $:'r'arltti .911LI 111&11)�
FI}k r,iiint� J',Ilt ', 1,L11 i1110 rlli, c;rtt'�', L In the taller„ munies are c Jrtuall� Unre>tricrUd .Js Io
MirI t"e ibAid,Ilt`Ir,11kou and are L miallk re4or:ahla' M; Q f, lore to I ornp! kith prcm�ribcd
J7„'i ante requlrvTicnts. l lwsc a,c refaected ._ .°YQJJC%� At CI e tinic of'recett or
�Wr is tlyd: IM eI:]titrle to 31 4C''Ual criteria are nim.
I i14- Count; ra`Tj,'rr , JMc-rrird of resnarR us it Us R1rd On= nd '•!ilr�:lili'ms �, ce 1�1 e ).
Deferred illtlou 4 A resources ;x nc k4L �ten pot,-iI ft'i`imc doc" 1101 111 '4`l bQC ,h 111
.iuvisurable" ami "at,°ii:A,1c" �rilcril for r�4i}l'7°e':i '!J'11 tnecurrent peli,=J S1111404LJent
J)er""ds- "11C., hoth re,. e;,ue rc, dogri Lion 4riterla ,ir..- " , ! h c L1,tjL rrrk1 Ir i1. -4 i; Irrmo%,c;k: Irk)M
the fund Rnannal jEtai rC:,erlu2 i,, r,rk:0glroir.-d.
I °�l�c*aa ]dLiCk'� iIFC r'L'.'a.'�,}.ikLlA°! Illie �'f E Il' II°If'ri jl f4't :I4'l [IiJ-3zikl�, r �i aL��4lLlllt!IlE? 117 I It: 7.i£4;!'Illlllll±�
purAd ill 4blliuh tl1£` tL nd li:'#1 Ao, i� incunvd I vk4t,li�°� , w, tlll� vrn�°:r°,II Me i'°+., Nd c:
(oi):i2cunl '.111l£!1e91:1irbsohasand k1,11"','An=ii. 1"—cn.'4khkitamrmyndedii,
cmpendirurv,. tikhi:ii Patti. dh� ltahihtic�, rela_ed to 11s.: uckpal a .I.,' -,. andhH Wave and
[woo kswv carc , isoni is ) princQI and inwrenC on general Joni' v: , '." ' %kAh .ire
!noLimiQed m vwpandime, kahcn Lhwi and tdi IlahlINO reiathig us poIJunora remedJiation .
Ilk- Couril4 ,illpliv, nU appli~~Ii e GASR pMHMJlliVineras. & ILIdi11g the adoption d`F)'f AS 3
nhr,Cment %r, 62, f WWPdlllP 0 , LI JlFPIPR; "j,I I-JnCPl'dL ial Reporting GlikJt1nee ((Patin ed
O!: PP'. - %P VL ro r,(. r 30, 19 S v P"� 10) r q lan.dim1N Raar& and AR+N
�.Iinerkan In%vfjue of Cc vd Pid" l.' A€'CI!'1tLP IfIPPJ'.i! a P UJld7tML'C1)Y 'J71i1
Encrtrnbrances
I he general, special rev enue, and caphatl projects funds folfx.,, ,,.,,. iimbrance a, 4cLv n ing render
s,,JiiI:h pure iaw orkJen onimai .1 id r,Yhcr oomrni"erkt,� zirc j led an an r:'hh 3tlon 11 fund
Wnee srd pro% We autlldwlH Wr the :aM os cr of °.h.• -;Uh CO'k cns rear in
oni£`r tL' tio.',lil,'SIc`t�' thew )ra]7sacibinN F'neuinhrancr 1111tiiitii ILli4`° ;:I 1 L..r t ".il .11k: 1111-11Jrls<d in
the respectik.c ILaki balance wrlrenon.es as aplin date and do a I k:,m.kllrinocxpMitrnrN or
Ii.lhiIitic, rllt� k�ornnl iliiwnr, �-, ill he hcllwawd dijririg r;ik, ,-:fw.. ; 1°i'. ° t,-?I
t ash and iwi inwati
t ash and cacti tiquislems Q11]& � wh am II.irkk ,ki11tow; lie kf:'111:1ml 17k't o,ns and 501 HIs
a 4.rbmwl , and Ali ',rI loan ink-,1111i-iil°, 441th a in;i!III II\ dive of IIll'III, wln or Id..,-, fl'6'flk rhir
dAe a:gLaN d I,v TV i oum
. A x
IISI l'',IIrlti;rit'� L;Q!1NI�,t t ) f CI'111t11:,VIL-'. ,tI kIt: I%L,t,lr. rt: f7L114'h a ' e ;3c'.rt-cFFoL:rw,, inII t,t m Inec with
t111!.'.ir1JI 111A1Uri I14�, 4!56:t'vdIng rhil-V 111'.11flII°, HIL-W Ifi4l4k(je park k,j ill�lll ,l! i l --Ipkkt°111 Coiktrlct�
I [ o)' ernnienl jllNim wod oiL'!°rIx 4 1`,'°tw, And 1y,.i:1i.alllc ,I ,fie I w Ij 1 x, ;rt.'1I '.'i'n
LIl}i1fE.i1'iWIII;)I IIIw irl�, `,k111V..rl,l C; ,IItr:Ik t•, ( r1177i' k'CI"I II I'::,Ie.j t)1 J1'I3iI•3t <"1IIt1 I'Cf4fre"I1,I:,L' L".I:'L"I!.II-III ,1
IiAh 4'.10L`0412,; 01 i!ILC'ap;r CMh;HW ,l,NCd W 1XI t:ihW ; Wv No" '!.
II} r - .-ajlrairL` j 4'ipl'..it;I' ,t'. ,u,„h .,i,, 1 .,."I:i'Naion_-l''I'
AW) and l ede_' ! : i, c - 1 uh , j ^ I! .1. . ' h ^r.1I -0 1, Fr'Cd{; a Nk 1 are bawl „n A
..ajrkei rates, [Ti e,tmew1 al p1.1 I d I<.I111:,, ,n,,:! hies in the fil,iuw allr�
:.L vinents- These Kh o+,rwr11 r arc ';L(cd .I" ° . �,.d on closing C11.10 s_.`
Real Property Tees
l he (`i)unty'I+ r;�al propvFt''� taxe1 arc lion ped oi, JLI'I� 1 rach ) ear rill lsw� y ell �dILI.:L,;!.:.:' Of
. anualr?r 1. 7hr tare, h c4>o a lied on the pi , ltiri% a,,-w-Swd as of 11w lc%� #kale, 1 axes are
Mir and p., ymbiic' in !"o equal annriill inslalhllcn S on Akywil 20 u"d 1 4"i,L 11;kr 2D Accoahnoy,
Ical I 'I , -131 or t3xs.', rC''-Ovi.lblv;1\ of glint 10 ary Liclifigipt.Tit. teach delilk,lm:ul illilikllinent 1aer�C
Inwrtnt at Ho per nuvth and pena hVs of up Ni I va ,It We auw ml duc '1`,',r44Ir14`mN arc
1'.5WLI 011 1006 tjf C.',jir11l'tft'.d tair niwlrl,t'1 ',;IILIUS prior to The apllalicaltoll fl C:keL0fsti0n'1 t,r
po.AS z4 'iitial assesstneor,-,.
1 hc° ( ounr' pro,. ides real 15ropis T-t"ti (AX 411IrrrIU<111 un:,1t'7 1-1 ie rrc>graML, I -! I.Crprksr Zone,
Ml1,,tori,� Rcsidcrltial Dedication;, I t" and AWlemle 1r14onic Housing. AgrwIIhHrA1 Use
1'r� ,, "-:;;-.N. aIiu"L SoI�,r N� di,:T l lcr§ter CrcdiI:
.I- Pirerprr.selone Exf,mpfrrlrr • 1,eLium ITHq + c"«1' A Wai'i (%unto Ct le prosW hLtildmv,
Y W r AW °,ts —1 e, 0 filch are built as A rOSLilt of nee, c.011StrllL�litrrl fir'+ is qualified husiness
Y A 4 n an enTe* r n v I- 0L t0 hu C1%Cmpt cr4 L'I11 fill- thr nlinimur: tip\ 'Win rvaI I)rs1'Nr°tt i:til;,,
t,r a pubod of 74vv nam C SIC p1Irnone of this propralni A ,c">' On" .,me hr1s1 wN% and i;1;a 'r i nI
L-rII -I qualltwed huO= Ln An etglerrHSr rcFr14` mint sal:isfy dlIIk'11ICT1(%()I' l il-!il•tt;7-
I II14.' I l i'hktii I i5t!Ilt�r C'nde anti 'A-tIwn i()i1 , I lawaii Roviy.w'd 'L�i:rr;tlt,',
HAlorit, Revifferif al Deld c•rrrriora L'x-emprion Kvdion 14811 of We I h"Ai I'ikk m) r .du -
owl IdW 16 of be R1A1c•°, mum 1$epulalbris of the I}irL"nor of F iin;1ncu js on ItIc.ip�au c-�,awl'° "Ai w
CII�.t".19',:ter,L' ` lt, F?'T�'�4'::-'~i#Ina; 0i i- °.It[i:IIrial s1n;,'�LEVI [".Al hdi ,C bc't'II I}It11�:CtI III the I l,l":ti,II i
k-,, i)j 1'.a<:°.!Tli F }..we a1I4'" ,9i'EIIuD 1, hi i:w prop,!=rt4 o7 %,il4r I}'Pki%t p}ro%id�, I'•'.;:
dmv ,gyp; a 1:-.ir-r,. and bay, or s7s cn On pwp ertt. _o the p ubli1� fcx twelve days per kux I!.,.
o%no .,•r?ris the cumat W;vl of Wxk "• !, a inaterial tac.tnr %hkh threatens the i;ontinue.i
evine1hv of the himtoric s'3w% I his &ilLti,iiLa1l'1 is Ar A udnir''i=7 peried Aen'CsaML
nuttirrartltl4"_9lh rerearw is inK1n11e1) l in ellation of zhe Jed-,4afion tereither thu c1v ner or
the Dice,=ior of F1rlanee ma j InQ he niade upon ti►e ) arw- �a r;tten advanot no icc and no
vArIII crihen the end 4lfihi: r1 r.i1 1il\ }car °fin} p<tr on who h ecornus an o%x.ner tit Ills drdii aced
rein prop r'tx ,hall be wuNea 01 We mstrlict ono and retrl:}isshe, tax ,a*.nc'°„meet pvnidons: It
Me dikdiwilt on is appronA the uwntritln land upon he dediriLli!-I-, ,i::!I' I3c' eljectis,e 1u1N I
(if the tax year R}llcly Ng thr ;appo a A ;T Or ,iwt o!,.un l he dad Ipi prkipc'1-t) of
III
( t, L` T Y OF 1-1A %k
N':)tes #f} fht� Fi.i to E irs:Lllcial Statellic-ni.,
:"w proxy o mtir,. ed shall bu sufkji`t;l 11.0 the r111111r1'1kirl1 lit . prf-,Vikdoll, � u
I „k%k ap i CC1iSn Unde. It there is a k;Twah in he :3gr'L'Clllv"r; °the pt'a"jn T°. "odd W
^l- t}o��k laxcs, including penalty and inicresi.
Low ddnd 1ihuh'Fim-lrriwme ,Fd�f7ii.+W,,' 1EVO1vp,dan eetsnn 10-97 of tile Eiavx Ii -i Ct�unt� (-Ljt�s.°
and R,,1k:` , , IIIk.' It II %arid J repillw a, i 1 1w Mentor of F117 iinct' pn,% W an i.`xcii 1ptAll
for ;i f1oikmn� €1111Ii'U1 WlliCh I$ {}".imi j"d qvr.1.1 d M a 17onproi-il or hiin k'il dr,16hution
n'}ongagor or h; n qu,1111'wd entity 1TOM ION,11I-II M pti1-tiL;1jN1ts: III Ii,lilyw IL'1111 11OLLsing
}It:1 wit that haN,- rk','.LIIJ;,rl4 agreC1IHL:!1'. IWI1rLl2&KL ient ()�;CLI;I ICs cat -tile pr,tje(�'t i�
ad to the Wr0, handlapped am or umdern income t nidics %pplicant, must whoni'
;I'1 „'. la-;iliOTI '(bill ahng 141'h 4 A k. t11t KC MC0FtJCL3 rL:g..,! tor) dagrct:mcm. Pit:
A equal 1,1 100'o oft he assessed %�JIL,r tisr the portion of, the real p� that i� de��'t..°L'o
low -and moderate-irlwom` rcn;'aI . It the cnt ire prk,pvrs i� diedicatc:�l. ;llwin the no W\:LA t 1•
rtirobut the pr,ot't,:) is still z-ilp..Iect to the miniinum 1:ix per �Lction tiVL+Utr1 c-si- Fu l L-%%.. I
L ol nn, Code I Q et. nipti°.irl shall cominue iwo Imig a�, t_-=, r,ontal 1`10u4in;iproj(! t ;'.: ' ti
and 'boated irk a II° qII7":'t,` n or lirllitc,l Ilwl.".lgm It the rel1..11 Limit, do nol t'kk nlpl� 4i, id) ;h.'
regullatory camdllla n, Ills` pineperh; lb,luH lw w1}j xt to roll teach taxe,,. 11h:I0ding penally and
Know.
.1c�ra 1 AP Wes4nwrar .ktialil 19-5 7of the C otuit} Code
,.'-v R u k 3j of 0w RuWs and _,.:zt.ulatinll*. '! I', "c'i:ic.r afl'lnan4.e redoes .LS,r —;�11cros to
v -kwwa a kwal magi Lilturi! pTWucC[on a; n 'I1,; pmscr' Son of w no u A mI Inds that
C.-'r., Other iwIse be Wri10 jtV CKpird, kyr % j 1w n. [::. —C ;arlj, at Loss: iat r�+c& tLlll , tlic t!Ldicale
a`ri: uhum! use so lame alp a ppub,- f at Me mair .1.1 , ,1Lk— l I-li_i,, the 17cdicalyd Agriicuii L2ral Vw.L:
pro rain. the Pon &K A iIli, lxr{1gwai niuM he °kd',I1t ultura1 No :ggdwi{nl Innin fLnw he Filed
talcin ; nA a phi phn and pmwide delo& ." 11, kk hm agOnNumI a I A A0, wit o"iducted on
tllc pr{s4ll.rl" l pon rci )A and appTtt,,.A. Ill(- °ipj, 11c.111i111 ii kJ16,"I11i,` :I`• 111 Idnttar� 1 for the
1'o" i lig ta\ )a..x RL!-IcwL ll Of she Jr( ilk';{+.11'n ,Lill 1,e I!} '_�a1C11 1k11111 a01d Ll ,LrCh tlrlltr rid
w,la. Ycd Kv iQ Ltlr4 ckir_ Vfalualbu t'tllitiidc`ra on is ',<k an no tllc t,pe Ott ;LvI-'.t`Llltk:m! a,n% I'^:
%my "';'r';i°.''' h, Te terms of okould result iiii an inlniediare ro lhRr 1, �:iL_l'kll.Ll.k1ll k I t , Ii! F-.; -' Ph1,
t%4 kI ° of\cs plus pe 111,711 ic, it, n4l 'Inrbra`,,I
��kk�7FT7r'fi fc��.-1,�a�ic`arr't>!�t`�'d� f 4tr Ikt.`f�f{'f8d�2r1'f Wyk'.���411��YF1�'S
RUM 31 'r Ow :4'' .IA 14C.:-A '1" = : °lI°, l)Ili`tifi+"r of F ;onw pRn 0% rr'"L7iwu aw•, o mw.r.
10 eL1C{1klr:Lri is OOi °q`rLtk.11rnoI prllilttx'"On as WCH as Inc pmsen;lt'ya t11 00 Pi klliMnI l:s I,k IWE
cs uId oflicr�%I-,e, h" 11111IIw'T developed, 1, w W u i n g the dedbawd And, M Or nrrI; WhUnd W:
Value as 4,t7Ivnctl k, ihv marker 4',9hm. N" Appl]L.Nrislri Nnn mLlst hL' 1i!Cd ii.101 IP. '`i, ith fi pkut
p1.in a wj P,a kk ctl:itarlw as to %hat ag',ida"ltkl.:1l tl d%9t& 91012 CC IJULrcd on iho pn)penj, Ljoll
reN iew and .1_YF,r;Ls. Gil, the 0%-cr 1% rcyalircd a rwwLird the dedcau"i ac We A w au ot-
C"OTI'4k�tiar.-LA", 1110V iw irt,i 0n- 1 -,nK one ai�ailable dedic:3rion length_ n11f 17 i,, a 10 wear
per k.+d, ho%kv, v r, pre; Wo-,I'. 7 n a 20 ,;or Jed Won 1 his dedrLakon a, a, not
awonixtiwalk rcneu ' °:1.:, din cc+nsideratitsn is giN, in to the -,apt' ,;l",wriwljllur;al actin it%.
Ariv breach to Ilic tenns of t` t -a� irded dediwalIn Wcsuld reW in OW "On A.lrik n Of I;he
55 -
1 ( ) 1, .r ;h � t ) ' 11 '4 �4 . � i .
` OTC5 try rttC BA -I i- 11l:rtiCial SI2tcr 1-C1Itc
.julle .10, 20 x
6:tlon. or Tuirilon the-II-M.
and inlcrC�,L
fi l7f fai#'r tic"rJkr,'f ft' !1 C'k`I r y l P +. ..P.",l , - "IIi_ I'=,;+%Idtr' ao"l tr-"t
"._ix ti=� J , pt,r t:;\ �I,,,:l'� I',q ." II_ i4ti 1F-.'[.7�1 tsir [.'.. ."5S":L'i t?I rCiiI r„�.�•Y6 ','s�'I. Ili',"�i1�Fw i=1'1��5
1'Cr IYC:'I)i'I d+t', lilt` siS3,:6C'.I1'1'f-11 crq on 111 „Ilt'i JAI I,mr� 1, 2009 i II"AM Wall creale l
v,ith dw t1lll lx, i- ' td I Ix,b id ;Mg an incelllly'+inn rcnr:.+Iable c1k'IIII t,1I tllllwt
'iFkpk I'm 11W -I
Ili`;; miiilll}Il lr li +al't[ to the dis,closorc ofihese programs tr%r I!ic Ii ,ti,11 w,,';rr endcrd
023 is as lolIliNI
Tay Abmtm°nif rrr PrR,,,I-trT'1
IZ
...R,T, I'Me /("MR,
II1wIoiI, I{c.'PIleII11:llI)i`d WWIOTI
l , ,p"! �1f...I, . �:- !-.-.-Hi_' F-lO'llsing
Sa 7.000
in► entori"
Im�rlti or c,:+.!w,1%l 4?( rnaterials and SUpplit-, .wd irr< reported a-, C %[hAldillUres at the tlftte of
a ronv,!rTiplit}YI ITltrtflod) llloh4t jmi S;rii dcParrllew 1w.4`I'lloric,.are stated using
I!..c --y •- liI. lirwt chit (1-l1-Ol IIieihsid. (.AIic'r i11III, cI".t". r 7 i4 3'e IstatcL', ,iI <1III, cr;age I:ost
LdgLi0r'(",[III-]III
�'e cfian 281 (it the iw,t kd °,�t3twv,-, r'cq►tires that liquor di,;.:crt%v re%cnu,l I; collcctcd bi?
u--cd olily FtibT ctist`, :1IIt1 C`ll}l'[1St`• 1hrQkI rul.-ir111.' .o op ratio]fill -1nd .tAlli ini,,lra lie cost4
,.wttlaI1� irtwPlrr(-J I,w [111. lilltic}r ct-+rllIII i'II 11.1lvI.-1 i)p such fccs. 111c mw\Ix-miLA-1 fcc: Ltit
luriC if), �'li': iij 'Ir 11)1...,..1 i 'iry rcflccit,d x. ,1 rt-',1t'It:ll".'.ri of gerieral lilfltl },;II,illtic'
le apil"d ANII tw
�Pital assets, which incl>#& llr,, ri 11i ,::11, c(uupmenl, and inftastructure assets road>,
t iiigca, curb,, ar1d *111ICr4, IrZttS ar1j w,deII.k.i:lks, drainage s%stern~, lightIOU S%L.10 Cs. and
x1-'wlet,r -clils1, are renor ed ,) the aopli:�I111c' itivVerrlITic-ri1,!' c' or 1Si1IL'S -1 fR! Ai'l1% 111eS i-4-di mv,
[III' 'I : mimcm-vide ICC7,c9Ctii Ca3l ;t at 0 111 v 11[ dt ita a>s is $rc iiclin ci by tf'e ['cwnty as
c ' ( 4 1, % I ) ( I'L - ] ]. \ "-� .,% I , I
Mows to the Basic Financial Motcmmv,
Junr 10, 20! "
x.wt', mt1i an initial 1NA AM I o-W A no qu LKH 1 $4040 SIUIJ Will tnIMM"! H'K" I IIN' "I
W"C'N Of oneyvar. SuQh oyn, irw =vAd m hotorical cost ofIli 10111 11 1',''A if
pm,:ha,,ed or conyirm:icd I 1-. im I t'i I k:.k[,i I ;d ;I -,-wi -, ork; rc,urded at act I u i -ii i, Fi i %,I I I JL' 11 Al .1 i IN I) I U
I M II "on at eminiated ta a In.; No % i 11 w ;II (hc date of donation.
I he cuts of nonvai maknioumcc and ivpmi r N that do not add to the i akv - d r"v n Y,
mail<riall) cmxnd the lif� &,,ci are mul
Mi�ior ouda�, for carytal avez, and wnproenients are izapitalized a� projcci% �Irt: LXIINtrl.jk:%d.
Now! amass of be p6maD goi emmem and enterprise fund arc dcprui Wed tl!- worl Ad
u4ing IV 00,41—v rumhod ater We Woming "tiniated useful lie e% cif the :
I Wasa ncture
W Idogg am! own a 0 now
Wound and wire irnllrt wciiici ii,
yqopnwil
Enernerits
R. ight (0 1.1w44
% car-,
2 0 to IT' ycvr,�
to 100 years
to 50 year.,,
" 40 years
)CiittcW on terms of eawnicut
I-)CPs"em on terms of kwe ayMCM011
Deferred OutUms of hNsnu m, :i n d Defared I Inflows of Resources
:1 ';:ferred L'UtflO%S Of MSMIMCS MpMen't a COI -..Hi!' 4 nei a"ns Ki ApOW v ry_:ft
pu,.- i.. ind "'it] noT be T-CCOgTI i zed as an Won v r7,. .,.: r, e , I eNjvn'�c or vNNcxfiEtina j 'm I:
Av !ime, Ile Counry has three Reins that qaakfi�s for rep' rig in lhi� categor}. Hic
:k-:,. V% the &,"cr-rt:d foss on refunding and dcbnvd Wa" rLiated io both pensions and
;-mcniploymeni hownN (OPEB) a,. a &f�rrtkl oufflow oll resources in it,, of nei
I b I 11 On,
I MCH A A lo" A of y"mu v4 xprmni on wppvr il ion (if net aqsct� 1! Im '111111 It', 11) ; I III I],%:
P"TIOLI" alld 'rS iji not he rL:CI.QIIi/Cd o-. :Lll i11111WL 0i [V'>MlNk�S (1V%leMIL1111(11 111,11 1 irlit- I '1'01)CTO�
to wi, lec%. coum W pronk. I"nc i ovA I m, n w and orhei inorj-QvI imi! -e T1 I rknl`' i-4 L-.j ir
rllk- k-,iiTenl fisca'i jear Pq IN cnwinvh�V A: % %0 aC rapajVd a-, jjt 11.-41 j i 71 1!,
anMUMS are dAW rA and r"0W1iMd a, MI Md,'v, i!i 'lic p4'rwK1 that the
amourvis Worne aNakabIle, The Lim q MIS Mp011"11 WMA ill! -A- . - is YHVCC', r0aWd lo
h. 4 h pensions a - d 01 hCT POS I CFn p 10111C 111 benc fit � i s " PFA i
I zng- t e r rn 0 b I i gatjew�
I t lIu n1'N reports I ong- temi de hi t: 1 IF gkm, t mm c r„ t,s Li i-.. j , c' 'J IJ I UU, On I I L c �n)% C rnin C nt -
Me Slaxernent of net position. ( erlain other goemrnc�7:* oblipilions riol cxNoed xu
v '.�. m w Ind a it h cu rreni a %.,a i I a b le rv,.ourc e I, arc Al So reported on the go r v rnm en I - " P.de
-17-
( ( ) I 'I� : �' s 1_ I T, - 1 �� . � 11 ' 7
Voc, ro Ow 13;�sic FinanvNI ',O.oumcnts,
k-11 11el I kkhmid
I mid-, lirc uk•pimi,i'd w, I i ;i h I I I r I IIIII 111, P,k' J ki I ILI',,
mflic rilleof one kind] three-quarL!r%orkmj,:- day, I OF C.16
p z, 1 nine[,. day,, till' ,, at�atwn Ica[ c Credit,, can be accumulated per
In additien- empli,-,,ces %ho work o%erlime ca!i cicci to lake c(Impen"WOI� Unle Off
I IlMe.jd err I me par. The I Inic off '1% earned at the ri;I:4 c-f one-and-a-hal Himirs for c3Ch
h0kir ot'wtrrime %k-orked There is no slalutor% Ilmir To amowit ofckimFwnQI!0r'_% lime off
.01 CIII tSkA Ce aOc UFT1, LI IJTC 110h c oun pe n -.d t or) time of and vacation c red i I L. arc cO n % e rCcd
ra.11PL)II 1,er111i na6l"l) CMPIO111011.
u i
it__ for 1 amounts I is i c1lorted in (he gor er-rimcT7tLi: F,.nd�, only if 1ho, a%cma hL t Ir er,
L,'Lifn pie, as a result Llf'CRIJ-111' L: is T (-� i V 11; it i 0 ri ;. 3 lid rtrirwEnk: rl I , A I I " ;I ( shl I - I I k and
I i I I ie I i CafooN 11 M C 0 ff P'1." I k; 1I';':P-kwJ III Aw III FkVl �)W,111011
I Ih I hc e,,Ii mated I iah I I ii.% jUr M 1cl;1 I 'A"' 111 11 + Irld tam�-, rind C.-m 1)1,,,L 11 L-11iL-1 11
0 111 Ir'l kul i.)Iks oll tholl lomo
I)F)I) In the C'.CT11 ( I 11�1
I - Ilk o III k, er'-. 1k -C' p.1 Poll tL:l ill tll.Ittloll 01, OUP .. 1% :1 Wil E' ffefore there i% no r6ati.7,
hulll.'I-N . ff at cxeT. a Count) C7111110CC "ho retire- cii L:(1%CFUMCnt %Cc% ice in !_kiod
".Ulld I 7M19 %k 1( 1-, 60 da% S k'If ITl,_1l`t! IJnIj%Cd L li: k Ica% c I tnlxtl u to additional wrk Ict: L, rud it ail.
lit: l' !,.I p. lo\ erg,Reel rement S% I I'the Stale of I Accumulated sick lcdAl
a I Cd fi .? 15.8c 5 1 k i r the pr i I i L, o% c mme nt.
lx.o'es
I I v r'l I I, L I .. , ': Li'l �(.2-110 F.", C; I I , re 11 1: I t basil , k I I , .; }' I I: r I I 1 hair 1 i ab i 1 i t) and r I gilt tit I "V .,I I! 11: k:
11 ("XIIII vAILJL: k.-f Pt1.1, FIR'llt', c'XJ)CC ICA 10 hU I I IJ,:k! Lffl&r the lease agTeemelll I I : F' 11
It: 1a agreement im ol % e', flit: :! i.1 _". li-aw, I t-i 14 ownership to tK: [j[ it 1 1 J41 .1 11
0`11`111.1101, like agrcvnient ha, IwUll lk:U'L�lliii:d I,, a finailiccd purcliow mi,,I for
AX'Ord ingly_
VoT those ]cases in which the Cokwi,. it�ascs rol property to other;, r11C Ck)ljlrlt� liar, rccognized
a receivable and a deferred intlo" of resources at the PrCSCNI Of P,3)Il1ClW., e\IWCted FO lie
rcccl} 2j- II-dle" flee leak agnecrrlkm[
pensions
I-Cir pu")'' - riI C.vsur in g t lie liet pens 10T) lifabi I ii). dcfwr-red of T-e.ourics and
defrr iritlo%; � ... F. L:,.ources relared lo pensions. and ;�Ti \penw, Information Owul the
fit] Ul ''._-d lie'l, ;A'thc Employees" Retiremcrit S% ste!,.-. :,,c 1,i:,!r(, 41 lawaj'i j L RS) and
;O.Iwow, io and dtd!.11<111LIJJS fFOM ERS's fiduciar-v nin po S i I '101': 110 " , I P', L le . -fL L: ti: rm Wed on Ilhc
Natt-, lfr I11C 13: N FinvIOVial .`1l.tCE•€1kSCRU
Wa ;ii ,(1 .;
swic ni`, n vi,. the) rl; v' ropY814.`kj by FRq 1' o'r r[L". (`IJf p'`bjse, Llcn1+t0 p;Y} 111E,::4• 'trncludlllg
rt'tl,Jrld" to crllpks L';. ':4111triblItiLA1q) Fife 1%t:4}L',,i,/I;'..1 %%1WI1 dl-le and pa�; bk: in accordance wllh
Ilic 1,L ilL:Ii1 lrrl1l',. 1me,Tlllt`Il1', art: ri.PPork'%i -YI I:Iir
Other Pi[WeilillPI %ITN€11( il+t`nefitS (OPLB)
1 111hC PterCx's' 0 0f FT14'A-�UIin11e [i,-t 1.)P1�k l�C'.'�L�' ��'l'Jt�l: }4ti .,r resources and
dcft'rred int c xrk t,f rcL"Hirt.{ , r(:Iaied io 0 �yB EB. an I '.. }ff R L\pL'rIw, 1111Lir'r14a6inn a3bilW K
M14 mi—, nor pa.>kion 4 sir 11j"oii Fmph,ur I I1hm Hea h Bencths trust Fund t-.f I' 11
'Ind addilioir, t(vdedli lloll" 10'.I11 1A I F"' liflllt'I.IrI IIC"t po"iiioll I w'c IwCil LICI `€-MilwA ;,It 01'.
;lril< 17;i,i, ;j; 1h4� nin, Iclnir-t d to 1 ! TF t A th 1}iirl�ti'it, 1 t ff luco ".lYiie
in) mew , ahcls duo and payable .n accordz ncc "ilh i,Ilti hee eid W; nn huvarnew. .i...
I i ori ed wit fa it vaIUe, exccpi for in%cstments I°i L:oi'7' T'—'Ii;62 dint: Rti nv1 mar,et ILsil..'y
we r paned at rlel s it t s slue ('.NA10- T-he ` � V rN .'°, J on the fair %aluc of the
n'SAS livid b1% trYe res -:ln. v l'un-d lass its laabihtiev
[]pearling Revenues and Expenses
Rcvenov, and expecse,, are ilistlnu-;l I k i i:v-, %i.,cn and r>pno raling sterns for the
proprrC[.!r', Opievi tig rc% -vas Q110 31I) re'su4 .1':'7, Il'roJ i;"i .erIces In conn"tron
"Ah aw prtVhvar� hinds' prari.g"I ongoing operartionv VnV. q y1 LTc'r:9Q MtenoeS of
the 'prL11imo, funds are I",, harged to rt:sidvn1% Car res =1 rvitarl sub,i jiln. re,ceivcd fri5m
111e. IC&I'.31 epi..ernille'nt.
llia'1:111LY;." expolse, illti ludi' Him colts assocl; led wdi providing h,,u,mi.: Jk-r tenanir,, ',tivh as
LJ"1ill4',, 1:.14;.' rent . asrld ',il kind 1's"1'.41".- .will.lil 1r:111 eNLI'%ciisc,,: -i,nd h-preciation on
V 7�:)xmjF J° J tt ;L 11' . iilL',:: 4 4 :''I'1111ti4rtlS are PY°Y;'1tCc� as
i I' it Fe%enues anti: a' , .•t-,
1 w& Lif V'IIirlIli teS
i'lYt` prep;ir;ltiori Cif rhr' Fi;Y';9L' I IYI;LIhj jl wl it.'nictY[ , lit tiwitlj [ L'NAP requires
Tll;rf!;IL'�°I!54':.it M 171:3} L' C- IJ11i,r':", :!.Iltl ion, lh,ii affect thK' i-cp Ml�ted iirIIOUMS Csl i,YY — ts,
y. ufflCYws of rr sour(ins, 1��:l�'_r ivv and d6`tL`iTL' I AN", of "I,'*,a.y41w'4ev as uell a,,
d-._1 ,. "e ofcont.rigwo MeN alla jAb litics at the W Of Me 51-10ltir,,t wtSto'1Tls=rir,.° arrld [1 ;-
rvportvd AJ#'OunTs Cif re%cmivl. 4*N Tiditure�.:1'13 41t1'is,r . ", 4'erlI'1d 'J�&� dLlFn� 111C
r'q' lIrtII'ILF period. Actual results could diHO: P-111 r+V•. eWIT ri L'
Fund RWInuccs
When h{mtli rc�,trived and unre'~ Ated furid halances are available liir rise° it is the {'oun(4'�
policy to use rew.r;cted hmd. Balance Arc, 1licrr unrc,tr . rein fund balatux Forthermore-
t:orni'nitied fund �aylance; artir reduLiA flrit- b) abbigned anit'Unts, and theTl
9 -
Wes 10 the Basic FiirlaF1161111 StatClT OtS
%i-"It.11 I.'\N::''.J1wMS we u li":'t d bT nl,lrl`ow A which amounts In arik of
TI'ItIIIk' ,II'k('Ik J iiIIItr h;IL➢ikCC , IA',wi fit:aatit1111, C;II; I LI',Ld.
I he ( ogirir� ref orrti the 11y �I$*�tii�Nv�itlt?II'.
;wn ll�itYi lc Fiaid Hakince - NoinLspvild-3 Ne kivid halaticcsarc amounts that k:Lirmot hC
,pvio hecawe the die cKher not in sl'acndahlc: Conn. or, for IeFal or Contractua3l rc',rwri",
LL'ri➢,r No kcpt intact 1 lrk- Cotinz�% has iriv ritor� and prx-pai& ink.Itlde(I ari their
iu�-- ,pendahlt I'Lrlld hA1.'LI1CC.
RL-.fricled Fund Fls hints Con�,Trainl% pbced inn the use of Use resources al -a; cililer
c,acrnalK impend tj cr.•dhors isuc`�h as thrOLagh dent cmeTlants)- prim ors, cowribulm
ter' "�I114 r '.Q C"TILT?'^S..';tkt,".y,,- " al'-�' I,'1p�k,5'Scd b-, la" ttrndl r lii-* I1.. --', ji'l IBC I'.�4: SF,�l L.JCS ilr
r a,�lirIt+' L- I'. �akk'3I I Charter I
u -'all mined i trnd IWance Commined Fund i3aInces UL that can nnl� he tts l
;01 ',4,t;citic: pkrl-ptF,US a% a r % tit of tat711',tU.liw lllllnsed h) IS t tit ny 1bundl W
r t9 ias: 114:::* �md the (bum, ( d, ,a n t ;11I of d, 1u' andoric i is rILC '. alii[ rT1 FtT1Elt'r. [ Ili:
:, �'��IIIl1 i'.1ed `ia,laf h.ala c of Me (awn I did lc iudes Be P<aok, of fund halawt
-: "mntlR yd v budge! MahilW,, I he 13i1 gtt WKWOOL"I Il101"11 It ;icACTIZA IMM
n" % i :A ". 22 ; t7 W 2-22 j allO addawns are made � Mil ill: ( 'LJUntk hud'4121 OT
cy,l;m:nt bUdji --1 ;1nlc ndinumw. l and hAnct. mad on1) '3 la'wcd tk hers theiC r;, a
wduaion in hutiya.•1a;cl wonve wd Tv dircohn of ` lTarlce docrinincs that 1hC Cv'Ttnk Of
',IlA I'C--IL7Ction r14`i k,,,'Il.IJC,' 1l"1,2 kr4c <-,i Tli.e.`,t' IjIII(1`+ to pTs.'Si ni ;i rcducEion in the level o
1"IlIblit.see-Vice. l JOH "II AWO dttCn"IMHK w II} ih.e' Biro-tr,r th it -LuLJL usage is nec:evwar ',
Id}y , Watop% NMI wCh iI.W UM r:q b. ,.'ha-d-• ofthecotrnty council
&b Opposed .... RIC usual siTTlpit :-l:a ."; I:,.
AnA ned I and Rahnee - A—:yncd rLl, d 17:Lhnce� are am(ILa1111. that are k�onstmined h} the
(Awn!) intent as It ivrTninc-.i hN ,he Mai{ ipr 1)1n me neither resirtLIL^d nor comruiIIcd.
Thu t.'ount}'� orllk :I ,ILS;�L'kl r➢ nd halan"%.arcs in the GencrAl I whi mid Uapit„l 1'rQcr,,
}'tlnri arld tlic 111„1J. ai 11 t L'11"i tw of the pov an of fund balance; Ihal is intended hI INAKIHL
dw subheyuenz IcdI' . Inalga =..Ki;:h ik L:I "r %eyed by the 10sy or v in hI apprc waI oI
d.1lr}rnia nr ;CC1tIei.S cl'%J 111,, approl . Tl +.A lie s;iwn;:nt }tear 5 ['-;�:nd l,,iltincc amount to
iht..`L dY in the ,iahlwaI fair next %ear',, annua] hLid el =,'TJirl::rlk L:
i nowgned I and Ktlante - I his is the residual cla,AMOn of do Weal I tend. J lie
It OWN F LUIIJ is 1S OHI) Funti Kii i:ould prwtwiitialll} report a l'Irviti'L e LID3. Sigr1vd fiirtd
Klan► e.
I he cawpoqv ea'1'Wher hw 1hu Ida Ahcted. Copnnti-.ttvd and A,ipl 011 tlMe
Go%errancnt:i' Tuid, H;.Lt,awe Sheet include fund-- rcxtri,ted fo[ 1h: j'I;'l, Aes of ll:.+;,ady and
tt-rltil parks wid recreadOn prOCION, CI° T.11 a 3tj yltlhliti ,.Itet4 fdCilltieS, IigL10r
cti> wol, taNdah mvcstig;iuorlw: �.pecia.l duty officers and >�v. e - I" mi programq-
60 -
"+iwei,, w ffic Music Financial SinfC•rNtenIs
\C1 Pclirtion
WItoi I„ -di restricted and ill irc,,tria;ted net pi,x,li1.-l1 ,tr,. available for LI`,t!. it i,, 1lie County's
1�1'Ilcr ELi MC TeStTicted rlC1 11OSiljOn tirwl, ai-,J flwi; 1a'.ivc t! icter6 riot poL-iriEIli.
In the p3wrnment-We and pr(,lpMaD UJ 1i::_rlwitar �*ata:mcirts,, eqult} is displayed in 1'hMC
ennlp;rnl n1N a-� fr_rllow+s:
Ni{ r 11111",tl:tt'Etr ill €:41Pi! ;ll &,-'ei., l his or k"AT)iial assi<'tS, no ,I ,hk:.-iiniulaied
dclira"4`I,i1lt'll,. less the nalancec .-'I 6,Ih k inLTlgage`+, Itu,ru",, "IA.hCF b0t1',A%-lll�,Li
I;?;!I' -iv :!ttributable to the .Le"d1Ii111'ii.5r1, �S•1i`,I!?:y."Ijoil, or rrYlPr'()-�Cfl?t'lli �' -I 11ii M,
Restrwr"! - 114 cws% lqt iwl pt,vi '.' that k wu ited by tisrrt:,Ar_ V.'ii, s , b! W1 Kn gy:11
constilulknal pro%isaions or Enabling le :.; lation,
I Inrestricted - This corv,ists, of n c i pmition that U13c4 not meek the definitioT1 of restricted or net
i n ii, Otl I 111 I 11 C'l l: a I tl'-.'' o%
"fie r %L -c kurltimZ Pi-"i1E11111t:v;yYa'li1S
II ''.T �" .4d. tJ -� IN= I'S,lJt'st ' !;�t�rnerl:'. o 9 r. d "M1a 2111 Debt Ob if,afdalm III=: 'It,;t1',.
r ::rw pNi%idc :i °,Ing1l: rncih,0 oI rL'1?„8?.Wg ac''i1d"A d.eM t5, :i.tti'nw A I�
Frei etfr'4 rM W Tcp�L3i-tir;F' ;-,..�rindn l,i<w<L11r ng at-iei,
I1{,'.'t'11dW1 15, 20...I I Its° t IU11111 IMS'llll} 111tMMrTlV1l1iM (116; w-.1mit'llwill, In 1114 �.I.Ij'I�'E�I II�u ill
In hdansh 2020, GASB Mucd Stmernem 11, M �bljc
rr'c.rrltla't'%h1P.S Llrh1_4a'15WO)hI bil. PIA 6rr 011 .?it'aiJJZOP14'iefS The--tatem ent is to
improwc Wawa! r-y1* hint 6s al]lJfL;iirig iL,I.tic s re I o.4. to 1'...1 I . , I',.,:f°' --,.I .,,;�lkc-public
par nersh 3 ,,rr,l:.t.e:,:L~°!°, i fit r4k:klirement of'this %i;c, (-I r,'k �i',,a . _.r I Nears
1• u illEEirl.' Av .Marx' I A, .' 1-0 !`~1anagenimll W., detiunllirlell fbill llll%-'A-JICMCIO tlCIt', 1101' fl;l%C
ti 111,,11CII;1I 1111p.t�"t 011 t111` t ,}IlatrY", 11178nCral titl3tt"111r'Ihtti
In N1;L� O2t1_ I iAS ! - °Iis',' L i'a.111, --r No.';M6, Suhwrrplion-Haver] rFriformaiiion Terhar{rlogi
.4rrurry, a:1rrir.s. The, 4:i.a4 _°I'. c ,'--- L L-,L, °, ') sa 1 eme nt is to prvk ide "nil--nn guidance R r aw,anlsnting
and fialancial reporting t4" rran c ions Thar rnew We defAtion o i °,trlr rlpiil�n basea3
inforination teehnrrlt-p .:r- '.lrwernent_ The rf`luirem" tit thi, 1�tati•`riwnt are etTectiee Iirr
fiLwal years heginninv,i hn J ow I S. 202 1 Jhc(A}Ino; Ims hilly implemented the
requirements in the curteiii f iWILI year'_
In April 2022, GASB r,skied Statement No. 149, ()rrrrnhtt s 2022. The p: ialla!,t olI i oikcs tit this
St;itcrilem are t::' "haw cmnparal",ilite in ;iCL"rruAng and War, h;ll rc, ru,rting and n, "pnne
the 4or;,io no) of Wniaake literature as a:.C}waini°d in GASB Staivit'icia '. C.:. S' _. 44 trid
ro 1he BiNic Financial St;3TUT11UMN
S0, 2023
9b. Managnmen has dwennhed Ana ON Wannim does ivT i m;iwi i.d on I h-L.
( ounty's I'mancial summenth.
I" June 2W, GAS13 kuk-d Whowni %I Hm. KWWOPW (Mm- Wd I ivy" 1 mll Sam
he ;-`,jvc:kc ofthi, Yalamm i" V, A&MCC nAd 11mmki nyimg mqumments
-,.�-o-kinUng c�anmm and emw ctmv.Ims v, pi-- 0, more under,,[,aridx1ih:, reliable,
Ocum, consivent, W curnpaW OxrnAl m, TXV NjAremenN of this WICHIent are
ef!Ome Or ON Inim, beginning after Junt : , 2021 Fhc Cm.mil,. hii,, not ,d JcWrrmned
Me olho this SnalemeM WH have on gs Omml summomw.
In We 2022. GASSH iSSUed SWUMM NO, 101, COmpensated Absence. The o1bJvctke lqt thus
fliatement is to MOT MW We inNonadon need; of h none Al maiemeni users h� L11xiating We
recognidon and meazuremem guidancc A compenmed ahserice�, the rc4ijircnr1em,. of Ow
Watement are Went Ac for fiscal years hymning ahcr Dwounher 15. 202; 1 he (Ammly has
nol let determined the Who Mai this imeninn mill hue on in Onanall monk,Pw,
Adoption of NeA ACCounting Prineipli,
I 1;t` I. onnt,, Ai,.J FkpilFtment i1jjPjCjjW11rL(-L! ( A'..'nH 'ni. P;!,iwpj-Bgmed
lot "VOIA I i;c obje� tAe Of i, '-' JKOAide Wiiifonn
gldxv 5n acamrTku Rm! nmincial report "g Gx tanannam 00 "L11 1hc dchnition of a
mKo nmonod 'xchnology amngeMM TO lonxt d Qeckcof the
!, L,,' K'QT 11W the OdOrmaiioii needs of Rnancial �tatemew user, h) impm inn
ancouraing ind Wancial WVMMY ;"T anangements that incur IN 001, Sleria
pivernmom.
AN a i"uh of % nt:-i; Stamm An ( °t,tim) mcognmed mpendtim, and mW fhnmwi,-,
TOMed tO- Bwxd lr&mmation Technoiolq) Nnyvi i YU I in ; Hi ihv
m nor n:HVH!U! QW, Wing S4,291 77 i," %% L:rk: then recogrumd a'. Li "uh,'cr 11)[1011
4uhl a knplorni suhmilmon habflit4, in r1w SILAIeflhrll P�,)SifiLln
A-, ;i rt-,iiii ofmilAemenl4q; G V'Ili '147. 01C lh-JUNIHCHT mognimd ti "OU I mid lirlhlljt\
UFJ405.
2. 1 UEN4ARDS1 HP. (J1,11 14 n I l N ( I % N D % ( ( I R N FAB] L I T Y
Knuml Budget
I 'ie County follows tyre st pmedurts in emabWng its operating and capital hudgem.
On or beWe %12mh 1, Me %Ujor suhmin to the Count' Council propowd op-Lrafing and
capiml hudgetv for the WE hem cmumencing the 01111ming Jub 1. the
opaadng SQ.-, [)FtlF'K)Wd CqWKIAWS f,-)T the p-eneral fund and %pcchl mounue
-62 -
.Neal c%;tlY Ric Basic Hik;4at6:ll St:atunicclts
'1-1' YII -'r'.
I'..,rld"..'.Iit, ':Ilt III t,!I'I, ,,, 11.. mink? them. A prL�ilwdenph bodget is sulsmirted to ilic
t t1011I.% CoMI it I,,r ihu capital projcctw Fund,
l lic %1, c- to the Coun; Coundl amendments ba the prop scd operabng and
.G,rt.31 hudge-, L%11hirl n "orkingdays after the close of the s.aate legidature, bui nor
I,,!._r than %lay
• ' he C unq Cauncd conducts public heannp an Me papowd ryo- z°in; and "pled
I�Slif N'{°S; ;1 11't:r March 1 bul prior ta'! tllc W Win; an Me Woo hK ti4 hkh imusi he
: ron re1l , 5.
a )II , - ne5-'re June W de [ ..;Ilex 0- nai ,adopts the budgets, I1_ e°,i Icvcl of
!, is because the kla f)r cyan twill'- er fund-. trom ;any
!Iw' . ,,;-v&-i,,prop6311011 !c an .n r r+.lttrin a dcpartmeni cara90Sk "Mu1 i an',�
!. t1h, I� ,I�.rr..'xtai. During rho your, A Inidgei nia_. he aill7t'.SAcd h) .a1`t on llt the ( ,`L vt.N
! 'Inlcil, except fi-)r npprop2 in -Li ''11-, IS,giII;, cJ hr lay.+ arid irpproprioiooir', for debt sort lcc.
1 IIIC11 Ill :IN nOt he' Jk"' 11'.i,k'LI or de. [eIi,tI S11t11 1,:nit'rlliiI itpl}I' ,I)rIi11ionr ' wLti r{; Illii(j6' d I I I IIly
[Ilk ,02 -!-_ } nn:11 %nRE Ic} MC tT Il I7 t' rC tI I1 I1''.'III �4'+ur 4'-, o , ) I .I II( Iti Ipa ed at tl1e lrrrle aYl
the of igInal t ud2cI nod to cstablid-I : ;I : i�Ligi ion W •4 h trlod% A, be 4:xpenL1cd
Suwh ;.l.pplcmc .;,,I prop r":a',iL)aia ta.+lilIed h I l I nlillion, ill tIu ',.',rrrzil turiA Land S 3_'.
indlion in the ;,venal revenuis funds. I c goll) advptcd �'Agei In, iaikle [lie (Jt`na:ral I LI,
I lighv n) F.::,', '"�v :'r h 4and, b:. hd Va;lw I LIA (`coder% Fond, Vehicle Di.;Vosal i ,i ,J,
I"i1'ke%' a 1-u id, rk!- i,c- III-, ,I1-, a t,�l I ,.!rr.l.. S '':it Courve Fund. Oe'whenv at
I1cicwation. and 1, IY I,r1111111.1 lien anI, I aLmL Iwo tIiII k:x'ioII 1 r11111. I l;is4,1i'i C 011[M I lou',IIII
Ak'c•IIC fIIFId, I, YL:rit1:L'-'c f ax i IYh 4+lit'I r av n '�;aw..11le}II f�eritaI E.nfortielllc l,t I I I,,;I.
:I yI i xt'thelliv! 1', kci 1 'II1d
'at hu tlli« iTemt y budget hap%e it (tic end of the feral ;,car to 1hr 1:v,- l-
s V� i':,:, L 1101 been eeperidcJ or e ri,: u mbered. .Appropriaiion L, for capital
`, II Ahtaa! r 1P o1 � nol encumbered lalpwc aft The cnd cif tA(1 tiscAI ycars fol10 king, the
II ,,iI .,.ear dlEx Ilk, 1ltpoinintion %4aL, r11ode.
1 ,`1111,1 hu d gump intet*r7tis'I, _, e i n P I o % c d .IN LI nlaIIagel lip -Ill Cori trol deg ice durinv Tc
% e'.1I ,.1- Ih�: ,-p:;tial rv- entic "mui,. aar:di C apital Ps lcon F und. 1 banal
i"Cr:;I.W q employed tcq ticM mn. ice tund,, l'?Ccaut a s':'eti"-�(: bUi77geia.l`�
CO1,'ra .,...'x4 12d Ill rouI,..h t'cr1C'rJ1 ohl,igJII;4_1 f3i.1T9d IMIL'11'rarer pro% Iwit) ii,ti.
R Thc',L:kL7Ii1I'.:-lat irlt'',klr:'Mul11111 rek,L`nLIL2-,. c'.'CPC9Idiltil-C'y,'Md ;-li;lEli-,.'4 liI 4411'14.6 NAlllIlk:4',
I}4�tIL'.c'('.1mJ tactraaI 1,1,1141yitLIr� ha9is) ft)r 111c (, YL'PIcrzII I'Lill i11wL:%L rII -, ,'I c t) ib i;i r j,°o II ,'I rho'
If'.I,"..II;x :I4ltilttLil 47L14j wl %%01 iltilrl's11 (liatil III :l}41 l7.'.'1;tr k1{a °•I L:t';111rlianj_T priEji I;fl..'`.
l'o., p11.'f ow—; to doi L:loping dwa un a hil+ getar� basis dillrr si�nif�carr.'.,
III u�td ro prcyjcnI All°gnoIi NMI in ,;v'* Lonny 1%ith I, k IV On t u h _°-I:
11. °I i' ";1s L11%ettnnental ry cnue; are L%heil zVxardcj I N the gm[-i . iwjzcnc,
va5kI1 ml5rances, and unexpended ;illoiriit:iv, arc- irk'iitcd as expendkt, rc-s, accelilaw, p;j ,a k
-63-
( () T,: % I Y () I 11:% WA 1, 1
Notes to itie Basic Financial Statements
June W, 207 �
are not accrvcd, and Of Laws we lrealt2d ;is 1:1 j1rL-[MriT1.g 111V 1'0411WIA
AnkHank On 0 6 1 AP Imsiv vivowuvv oil Mumv nec mod mul 4ancd m a rednoRm A
foo kil.wo.- ,h%?et pri.1m:W 111oli
Budgi�l to (.'SAP Recencili.o3on
1-he follo-A in 11:..; a dic adjummon necivssaq to ow cu wnd Wances of the
-uny's C junurm I I o i J mmi Wencral ExiMse I ax U tind (rorn a k i -,t, io a btjdgetar� ha%v,
1111W 'SO• 21,'-"�:
I :win a Aid bahninis 6 A A P NO
Miumbrance adju7i!munl4:
Regon ii n q ene urn!w a nuts and Unexpended ;I I lotments
I Ild . I L 1.7 L. F L, u:n?, r:i r tti,: , a n d unexpended a I IV men is
iei 0
Lnding lond hzal.fnti N("i-(;AAP Kidgetary basis
3, C ' '%]I I 'k N4 1) 1 N NT S I'M L -N IS
TWO,
(it! F1 C ra Fld �Lzc' I a k
S lyn-KM S 12.611.2 19
(1 L4tj m I
17 3.814 Mo 5 1 WQ to 1 .1
!:, - i ) i rvc (or of F ir, Fm a,- k rr�- pki Pi, i 1, 1� f,,. i >,%! safcK rL-; - ; r i- , � -�. . :. . r i ion i c`q paid rat r h:: (', 1! j :! I
hC I Qeaor of I jh"WC p I xCkj- nnN njol IV of 4L CA; VI i I,! - -i`L :11�. H:reCLOF'�, jilklk!
'it %, iii cv:css ofthe �1.jk), 111111, f(51' M k-L-1 i i',�! I Ilk' J�J) - tLj-j,'J�
L I 10. k: :stirs , I TL - i i i L,, need " f % f i I ki
(� i H, I Wer Sed 4 1 W 70 of do h an i'i Re% ised �i:aoutc, I 1k ;L L I Ij 3 iMl i ri 4 L U 111
I lit I I id'. itiflll.ga z ions -,.d -,I I J.! I In:1 1 V I K go% emawn owwawmn of K Wor".
1cra111 L:Li IIII,.1 I)g aCir01 17 k--, tiniv certi of drpoN.- it, a.,.L:
agrcemcrils fed,-rai :w red Cinamial inNucutiow.
Cash
The ('omlly rtiainwin,, ;L muliber of0icckiii ;! 11 L I - ..i ! ]III),, ijw 4, i lj i i I ... for -, i r ioIy fijjj k I s i I
warL I I k 11 C I 11je r t f'. t C
km AnancAl illMituliO111. B'Lof k inant
Inn Anmaml sweniew purpose,, cash and of ca�,h
and mkirie' niarkei ac�,ouiiiI,. ( --;h znd %hortann in%esunentalw include repur%chaw
agreenicniv acni%ies 4 deyho. and go%envview spunskired securities llh oTigir,d
FT I . '. r '.' I i t ie N o I t h rc c ot k , r it h s c i r less..
JL '11U sir OU111 Of the Coljril� -s depo--;1L, lime cetlificales of dqxl'�ilL 'lilt'
111MLer ac,�oullk) aN of June 30, 2023 1YI4 or be PHMnq warimay AW
�.f,,026,028 for the fld-uciarfunds.
17 wric,n rclating to bunk balance. wo! ., dye� c . i :q; - . . in ,
orl 'l (I"ftt}-Nkide batii%. lotal hank b0m.m. Ap—t\ Q W W, iiin) vvnmo-r c I
- W �
( .{ t i I Fj i `r,V, ,1 1.1
NiAv% in the Basic F02"Awl .`'hatrincrat,
it tY,.r.4r\ tilll lS i0170!]rrt4"Li is. 4{}9?4 { - X 4n ,il .Mtlrleti..02- I .aril 011llr,
ItGSrc°.t°11t, I+-wk hQnws t'l,tvre'rl 1,,, k-,ie'r,a1 ik-[�k-ot inmrance or h i-oll;ii4:iul h4.1-.1 h� flic
r ouIWs fe& agent-, inthv F :im.• t1I tlsti 1't>uriI�- I iii� rimaining Ni III, I,„alaiw c, - I 'k1-r,t 1.It,Ck
rt`pie,,ciil df:posiis held h) a. mmn#1."n7c'1i1. iFrt. M and "en unc41Hmern1I': d .'4L I ,if-im1,1', .
It'I;i •..;,'• an C\p:;ocd h, cl,.tt}rl,bi 4rt'da nA. ( tr',t,;'dWJ credit risk r5 tlik rs'.1, 1` .I '!Y ihr T'i'-'iii
k:F)k , i!Urt. -fist l ,.;11", ', OCp4Islta may iwt I%e returned to 1(, For 0it', a rld ',,i%ti in ,'
rI-%c o cr;i;i os A Y.iepail. and repurchase akreYemen=s, the Coin I!.Ib recluirl:,. in
accordance "ith State SIX WII %, that the h Al pic.lL!e :..'11,1-.u..,l �-.: .,9 on the
Aa 3ilab It [);; k�-Lt4mces fir W ; prown On o I We r"dn depc)1 ieed. All Lc curiIIcs pli:dgcd a.
c:AlatesaI are he1A n) the CutFm) A Wal ager n In tlkw name of % Gmnly The I:_Ouny alsn
ri.`gLurc, thinno more than 0'`y'o of the (A'wn; 's tMal tui)dz� a%a0o,a lc Lor dl'l opal may he
dcIiki,,itt�d i I i and 4)na AManCII i1111 11.ratr4 . 'rI .iQ ordan,�t' %N,!,h State aaCutc.r-
IFFrVSIntents
1 he CVLrnt-Y holds Invemmcnis I'olh for' FI'. -,%A i1 45;; 114'fit ,knd on behalf 111k. I ItIkI,
l ki I lik.. I Ilse COLrnt}'S iIII L',.i 111 L. 111, tk1 IIFI Id'. II'll r[:elkllr0d 1�.Ir Ir1imC(. iatw PO, 11WII('. ,'IrL
PROM" mmeo can ph wd o1 00 0llaFa"H-enMVWQd ,ee.Irkies i egIIIt,FI H1 i„ Oh' r.II iu ,III ti
l rC'4r`•{7CIcvy repumhas.o n;'.rt'c°rind jud cvmi0dw, kd ki4`)owt- I%. h I ic I1h. 1r{Iii,:im% I1iIId, :-'Ni%
11','1,1 h'{i i1( Stii.li, llle 7
I I:,': ;Y-'S ,; m'` r nirisurbig fair %alue provides al fair value h erarichk ihat prioriti/cs the
i4a, 45 k.alu'=i ...,, technigac.} ;,,ml h, mcasu a fair ,,alter., [fic hierarchii yji c% tht� lughc-,]
1":orit� J0 UrLdL:lkl lad CIIr3 01 ;'�!'.:C+ -a active markets for identical assets or iaatl}illties Q%A I 1
III'.I °lie 10"v,,e i'-,, : ' . iw` -::A able inputs ( 0 el 3 f- The three lc+ c�ls of the lair %slue
1Y'4.. ,,, afire des.,- :,7J a� 1{ 1 t .
I , e el I Inputs are qtlmed pwAs (unari,pusted) in arli~ a markets for identical assor
itie''Lh.2r ;t L,ot,erninEnt :pan acre o. at the, m f'a;,llrorm1T11 (k;r An a.rIi a.e nvirLm i4 A
m,,rk,,t irl }l,l7iclt tran%aclivw, ifc,r the ,Rai in li;abil . take PLI, L ',%erll WPIL Ft°III t' 4LJC11cy
iF d vAumu k, proi ide im la. II1g Ails?I inoih,n ai an ongoing bask.
I Mel = Ire UIS 011I T Ihan gHVI c{,i p ices inc.ludad Whin level I that are Ar,,4-m<rhk for
,11::Y ,;`I '-YI Ii:t +i1it . t`1nccr 'I al;lirt`. i1., I I -hc i f. or liabilil� ho% a �p�'. itictl
I �." ,t-4.k ::L1' :L: ,,.i . A .c,v1 1"PIjr .',I a"'t% i h I o 1.w rye,.. TSI a IFihP 6 d I ivnPu ,5r A&- nQQPr
i.eyel 2 Apin, includV
rioted Trice-, for similar alien or in acti%c markctti,
• Quc-�ti-d prif�c�, for i it°wical ws. is or lia.halil.0 irl that are not active.
• l puB otiaer Ihmi quack! FwAy dear are cbser� i!,ik: ft;r the ,Lw-;ct or Iiabilie�,
• Inpt7l trill are kierl%vd prineipall> frcrrrl ,r ti:,rr..'�.,'rated b� eFbwrvablemarket
data by con-elali(iii or oflwr rni xa ,
- 65 -
COUNTY OF HAWA,11
Notes to the Basic Financial Statements
June 30, 202 3
l,evc] 3 Inputs are unobservable for urt or liubility,
Follo�ing is a € escription of the valuation techiliclues L[Se i by the County to measure t�ir
value.
(iiovemment sponsored securities of$l1,989,293 and negotiable certificires refdeposit;
,,if t48,O65.343: Val4rcd using quoted prlcus at tlic crid of'thc fiscal }car for identical or
similar assets in markets that arc not active (Lcvcl 2).
Equity sceuritics of $1,897,197: Valriccl using gLlQtCd pri,." in OCt Ve. markets for
idctttical assets or li�hailitics that a governrnnt c7n icce.; 91 tl7c measur-Qim rtl datw
1).
he C'c,rintv's investments rrrrrl lmituridcs Lit JLlHC _10, 20,2 3 arc a fullcm '
lnvesunents _ Primary (3overnmcnt:
C'crtifiL~atc:.s cif dL:POsit
Governtttent sponsored securities
]rr�estrztie.rtts — Private -Purpose Trusts_
Equity securities
Fair Valric Less thall l l 5
48,065,343 S 41,66-5,445 6,399A98
11,989,293 2,7 11,40.E 9,277,89()
rc,ti( Rare Ri.tk- I'he CO minimizer its cxpcasurc to interest rats: ri-,k b} IIinitirig, tl)c•
maturltreti of inveArlicrits to rive years or less in compliancw rx ith siatc stato w. Thic C'ourity's
policy is to hold mvcstilmits until maTurity and does not engage in trading, for capital gains.
Credit Risk- TheCounty's investment portfolio primarily ;onsists ofU,S. govcrmricni or
agency obliptions, bonds of government sponsored enterprises, time certificates of deposit
and repurchase agreenlunts. These investments on: either iMLI.rcd by tlic FLAC, scc:ured by
collmtt ral or carry a credit rating, equivalent to [ 1.`3. Treasuries.
L` wc.;dial Risk.. Custodial risk is tltc risk of In:,c from the failure oft li e counterparty, which is
deflmr d as anv entity that obtained an investment on behalf of thc County. All Of the C=ountVs
deposits including* repurchase agrecmcnts arc sccurcd by collatcrigl is kk )pr by a thit'd
party ::ustodian, broker-deaIen, utiIired by the CO are inemhers k)f the Securities Investor
Protection Corporation, and all investment securities are licld in (lrc C..ntnty,6 11rt11i .
Con cc)trc7rion of C'r•edfi Risk- State I a w limits deposit9 to nr) mare t11an 60% of the total in
,111% oihh depository. The County seeks to furche.r di�,craify its portruIio by purcliasirig from
,Jiffc.rent ismiurs, by prircJs isin cliffcrcrrt types of investments and by purchasing, investments
-66-
CI .". , . 1 ) ( i[ f{ % -%l % _" I
Nolc� to the' Basic Finaiteial Matewews
june W A" ,
A I Cotjnr� al.SO JIMLIJ-,." 1;1 r:,., �-t -
Alld klls',U[ J-falerS Wh koMM QW, and :1W iki,imland, A�, of 440. 203.
i I I.L%%,2iian Bank, 301"w R wrond JX-CV 11 �[jfej N11:01.1
W If :8 -:y QUM& sivogy X 1 cm my P"M Ry 4 S Ma H A 0 -1!
R e I r i c ir v d ( :� s h a rt t I ( .I k tj 1. f I U i � 2 1 C I It, '.I ro (I I I k N kLN t d k [.]I t.S
A and cash equ A n Own am I hn 01MCM c ky. i t ied a, re4Ari, led a%,,ei -, i i)i 1110 prirl 1.1v"
-L L- I Ornenit at June, 30, -.1U23 aniounted to $3 8 2,6K9,6_17,
Cori+'.ruttior, re.�aied contrAuGm and unspent bond pweedy raincU Qw wanow caphal
i rnpri o. t"n ivnT pro. 1vors and fucl iax hand, rvock ed are rew&cd as reMkied ;,nvi% in the
( apkal in,dem W. Such It to,aled �'56,987,63- at June 30, 2023,
Cash and invcqn)c-,rw, in the Rond Rederript0i Fund and the Iniervo Fund are Msincled to
debt vel % m v rdawd PO HWC N AW1 Mn MMhA 0 - * q, N93 3 .
Cash iii -- c :iw- �'j '.I
I LgX a nd I is illtf ficat. o n I i in d arc
% '0 C a 1 C �d D 0 j OW%- W A !i'.L Lich
i W13 5 0 [ILI dill: -.,:, -= t j '. b I U-2
'.-1 '11 ill 111V I I lout inn Ap"w3 and Shwiqerni Vivami Owl f nNimment
u I I'l t 1. 1 %,i fwd as resl I rk, ii-d 1, , pr-1 -%. idQ pi 11'] k; I ;i 01"11 11' ;!Iid 1 !- ,41--Illg ruh:s
c ri J o r, L:! i 1 4- i i t Li i 11 ou nt ed to S 3 5,2 3 2, 0 ' , I .
( ii; Jic- (&:itherttial Fund classified as restricted ro compenAting per is impacted
b.; p cod w rm a i, enemy d nv hpmc n t ac t k it i e q a rn ou n ted to S ry - '. F 1). 4 "
I wn C d ", wd wah in Uw t wi lCral Fund o 1111 [Y] i It-d k 11 1 1"S I R'l k'% I Ik P k'ij'-Dj 7 llll� [11"I k'd 1,I)
'qdruiiii'-ixr- the liquoi ti:ornniv,-Jon, cash rc"rrik-tc-d to dic acqui%iri-m and1 ni,jiritoiiiirict- k I lar:d-�
or jl" qwrr'- t`ri i iticmmas hu pidd Q outdoor i on uAr i wi and educa, v n - mn! �twh and , h no ids
I" L I L' czas le T" a r I J c!: n c i e uc h all i wu nts touled S 1 .0-' 1 ,' 13, S2b,800,2Z I j and
c na n I i u.% J2."l I CA': L! (0ili i i! � forthe K L4 1 a' iMjj T1 L " I I L It- r 1! I I o',; I; � Proj=t
and &P f hd i [ kah i A 1 A v dAN I low W; Nnkh i sac re"nded at r-L-L,tr iL [Ckl
annwicd to 511021 and S I I, 7 Q nopw A W " al I u no 30. 2021
A n t1pe f a I j ng f,2.';e 0 fU Irld was e,Za-.. - )' bikdwd h - !kL 1 -.. I I �Afjj Al"kItI1.1h1k� lh-Itising Prk�jecl
Phrunni h% siv agr;e�!m% ent wh the Hax%akW i --;" f mawe and fMclopment CvrporationL
" ho are th: iholdem of the pykaN n0c. Thk rcqrbwd ruen e aniounied to S7-1.1 12 al June
1w 202t
-67 -
C'[]1. N I Y O H10WAI-1
;'~,totes to the Hasic Financial Statements
June 30, 2023
4, RECEIVABLES
RL:ccivablcs as Of lunc ill, 2023, for the Count.) 's individual major funds and tither fur3rlq in
the aggregate, including the applicahle allowances for ur3c4�I1e�tilal�: �� c<rurrts, are ,is follows:
Governmental activities:
Capital
Flawai: C oun1N
Clthcr
(,Pnieral
Projects
Housing
C oVL!rrirrrurrral
1 urld
Furad
ben
Frrnds
I'ot,al
Real property tq\Cs
S �1 ,4Irr,
%
$
--
S4.3,993.906
Transient
.Accommodations
I'm
3,040,282
3,016,282
Accounts receivable:
Sc}%,vr
__
__
__
3,636,267
3,636,267
Solid waste
--
__
__
1,200,€68
1,20O.S68
]nterg,overn ine[it a1
NJ19,3.1.5
I
II1,07;
_ 7, 55941
�5.02_i;�C16
Grost,rucc1vables
66,352,503
17,63�q,001
111,073
32,691,380
11,6,895,129
L.c {1110W,illL lC fur
u17cnl letiti171es
r 4) '?-i " "111,[}6{,
:095)
(10,8-12,917)
Nei Total receivable-,
S56,578,781
SI7,b35,001
$ 111,073
$3-',457
5106,0* 2,312
During; fiscal year 2005, the C'orinty issued $3,88 ,a4€J3 in general obligation bonds on behalf
of Irripro�umcnt District No. 18, a (rmtudlal rund, Can Febrtakiry 12, 2013 bands issuc(l t()
refuted the outstanding principal balance of $1,345,945 for [lie Improvement District. Inuring
fiscal year 20I4 and 20I5, tk%• C ourity also issued $448,669 and $720.331. ire
guicral ubligation brands cart 11whali'ofIrtrprovemerit Distri4t No.:9. s custodial fund. During
fiscal y ear 202 1 . tlrc County 1.4tii kd S21,43 7,000 in general oblioatiun honds on behalf of
Improvement District No. '20. ,i fund. At June 30, 2023, the outstanding balance for
the Improvcmcnt Districts of b ,,�I : ,r >d is rcflcctcd ill, the guvurnrncnt-widc statemcm of nut
position as a receivable (see Note 1 I ).
Business -tape activities:
F°.n:erprise
Funds
Act=ounts receivable: -
Rent $ 11 ,074
Other 8,105
Gross rcueivablcs 19,379
Less- al Iov4ance for
uracullcctibles � __ 1 Ca�l�
Not total receivables 1
- 68 -
'you,, tr] TItc. I3:Iwrc I'Irl. m,ial .` Notch enti
h: i.., %kith third parties in which theN ha%e been
;!'L: 'I:'! i rl-c' ,c.'::1:11 ;i-`,,", '.+!,IL:,f hk 111C ( iMTI(� FOLIr Sp"IfiCki JU-MoLN o tini in
! -r .,-1-1y include lands an.1 I-iuddirlg-, and the
rifinll i.Cflll itl ilI I�,i'-Cy `;rn}°r rle,rh'i I», ''la 1,:rf k,ti;t ,;II111�,t' I't:�f11t'tla iemis and
rc.d{uirc'nici;c,. I r �hc ii,i.a.1 c:ir clidlik,. .III1 .lk; shL, tI »unI, ICY+W[k1/k'd ' 11`17.7U1 i11
lease 1',ti�11[lt, :1rl..l ' iil,r)lt!� in irlterc•-.t fc%;.'rrtl(
td :..i;1cW Batantr Due Within
luo� 4, '022 Agu1'.I,r;: Deletions juKA..2()23 n.Y. t'
General Fund
S 939.934
S 210,508 S (227,582)
S 922,760
S 59.193
Solid Waste Fund
--
239,383 (44,202)
195,193
45.%9
Golf Course Fund
1,394,747
- (194,564)
1,400,193
199,096
Hawaii County
Housing Arc", ti
-`. 4. 051
6,499)
517E 62
:71M
Total
t.2
i.._ 449.l S.--- U.92,83-7)
S 1.U35,688
5 4 .:11
f)c follo%Mg are the lease recce%able payments due in the uper,m:rw
F 1 ,c ., I e c:,, u nding ,tune 30,
PrIn .11 al
;to's
I
, 1Vi,
2029 - 2033
793,9219
104 30"
"034 -- 2039
276,139
45.025
039 - 2043
23 3,712
I
2044 - 2047
14A43
1
Total
S 3,03 AS
S 432,403
69 .
j.,tiI ^.I�'t1 I1,4"° \I I
\ttte!� to the Ramu 1trt.tttk71-.d SratPrnk-nt,
JUTtl_' 41, 2023
S. 1N LR END R V (4 it A.BLLN �%N:Ii VA ABL£
,nterfund r wi%ahIe -,III- 2.-1,2- ,: I mistofthe foldorNirg at June A0, 7073:
Gellulal hind (`:;-1ilal prrrjeck r:;r1+,1
I I.m ES.I 141.)Unt'w hi .I I •.11'w
Other fLIII&S
C'aptial projects fund
Hawaii counv, housing a.p-,:nc,.
[)tiler gko L-'rrmi ntal funds
'Io[aI
H�i? kE L'il UI -IrI 3 ILI",C
1,' I.h r ro%4.r "Itic ntal funds
i , �1.11
General fund
Other governmental fUn►lw
general fund
[ )ther goN,Crnrnenial fttnd,
I ieneral fund
t 1pIWI project. Iond
iljvL 3ii C171,I11(� howIrlY apency
t Wi-,r go%emmenral I. u&n
Amount
S 210.169
21:t :.' . I 0 ,
28,�46
867
832,411
83,111
77 60.8
160.i1 )
34-5.4-11
212,477
82,151
�854,7J6
$-4.44,7.052
S 10.527
-MA65
25.7-,39
-Flic ;ibo~v v 1111cl 11111d r,_I I,,.I1o£, rwArlr rrorr'! Ills° r 155c 1;1a h4't'S ei 15 1110 dates i that interfund good,
and Sir , i,:k , .,I'c` 1StL".l k:d Of 1', li lli''_ F1AI'll: L \I1� !1,1IIM,ee ! .'` �t:i', Ii,iTS :It'I1a511i clrc` recorded. artd
Zia,,iiICIS'. :7.-ii7•t'l-!". III-'.,.I-.,9-L Irijk1'l
Tran,)ftfr� ii I „'.I! `+4: ,' P -c: J ^'I' `a), 20 1 con'SIsted of 111e I: :!LIII
I r nsfer, Oui
f "Pe neniI l,'u'-IeL=t, 1.51;' I!it` ,ar4G 171Ill `'111aI
II rld ILLTI'd K1RericN jUIid.,
Trtill,i'c'rw ill
Capital !!In:
1�
32.552r570
S 12,6-72.340
,1.12'c.,'L
I a,144,320 --
--
I t.l4a.320
Cdther Q0 CTT1f,1)EIII.tI
e 70 f
( ( II % : ) t IJ "-:.\'A .i1,1
N,lw, io the 1:3at!ic Fin.au i;aJ'"+1,it:ilttk'i1C
)Unc 10.
117,. iinicIi-Iinid trap t'11 nk tLd A N'%L 11141111it- 11,111ttCI, from the i Pt"iw,-.1I I I I I I I I II, II[^^k [d
t,1)I',111 IC}r �,UrlotlS Counq pri1k.,rmii1 1[1'1k1 r.l provide re%ourees i0r 1h,� l?:[S iIYr-1II sA dt'1)1
%er} iI e - II) addition. Soule tit' rllrA IWF -,- `vv-rimcntal funds have made 1r;1ir,IL-r•. ri, 11w I ,llllr;fl
Ih o)L-,t,; f.,ind for the con*Trucii }11 !!1'%'1 I'.;i7" I".,()jeCtS-
6. CAPITAL ASSFTS
Capita I asset actNim for tlbc i s,�:tl 4s lir ,-!i,;cj )IYr1' '?I- ®r:?� " fi.,r the (-OUlltl �cl�
c'.rcrit nw June 30,
Add!t sni Transfers 2013
Go,*ermmenla1actinities:
(,',mllas.31 , ,.ets not being, dgrrciated
Land and
irl)prrl,LJmen1S
$ :(I(I -10,661
1-1,xiI1a'11t"
-41ti11-[It wn WOTI4 i11
Pr(igrL'Yti
I OTaI capital assets noR
fletrt5 depreciarcd
-423OQU73
Capital assets beiiog depreciated:
Buildings and
imprri%ements
926,219.076
I yurpn',s-lt
1 4.885,1 13
I- aw nw i i -
-156,+639
1Tn(r•;Ir1IrUC1LJrl
_ 698,5I)1,787
Tut,11 i'apital as.wts
I3t:l15r, dCPTCCIdred
I eke ;ti.XL11T LIaled duprecimion
for
13uildinA-, :inc1
lInprOVCMel",,V;
3
8 r'0D t}1013)
1 quipmunl
(I21, ' 3 ,591)
Lasernents
(4S6,561)
lnframructure
_($17.+t50L34711
--
Total atcutrwia,e
T,9
deprecla;,urs
-V2U_+iCLn5 )
81,393,797 S (1,90026) S 39Q407,932
6,746,620 -- 22,317.302
82,049,254 ®ice 7, LL04j �.IIS, 274
170.17- 2.390.010) ; ask 99,714
18,241,653 U79+712 943,760.441
8.7-".907 (6.895,793) 186,244,225
-- -» 4q56,639
6S_3b1).$6 .-M.9t26 459� 7 71A" 1 !
( 14,150.691) 103,578 (194,976.326)
( K505,631) 6.MI.952 (125,364.270)
(79) -- (456.597)
_1L4S�.�157.. 93) 6�gg43Q 2
Twat 4,apilal assets
being depreciated,
Ile[ 98(;,!-9S, RQ6 22.404 930 411W� ,14 3 j 9 � 5
-71 -
iltL-,� to the Ba. ,Iv Fint,lIICIA .1It' IIkk•III
,
I-dancv
Retirements: ;,Ilse..10,
Additims Tuasfers I }
{ d:,,ci., F in amortized.
Amortizable tight to
use assezz
Land
t 772.132
S --
$ --
T 772,132
Buildings and
wmppr,ax4menrs
15,086,502
5,305.979
..
10.192.186
Total amortizable right
to use asses
— .... 17,0I I71
5,905.13
1accumulated
I .hill
(79,801)
(151,339)
--
(231.140)
�r1.Iirov'en,,4 r,
(1.855,307)
(2,062,816)
l"q4,P1p1t'1Cnt
-, (6a-1 .n 9
2,1,1 4)
45.d111
J
l OtaI UCLLMLLktted
amour, lion
��tj
(2,535,8531
'8.1
iF,1 !!
oul right louse
asset, being
arr,arllrxeci, net
1$_420.125
3.3 .Z$tT
{S.l?
-171794
Sutiscription asset
927.734
3,4 .039
--
4,291.773
I CwS acc imulast
7s7307on
—
---12m.9M
-
L .t! "!P7, iol,.
id.'I..l
?.109�131
W.
_...........Y
t w,er'1'III!C ial
:14'91ti II72S C.IL Iril
8,66L 12
%9-! J 1jQ9 J)
W42,.7Z 749
- 72 -
Not" ti I I I, k I Fir -IIIi .E I Nt. I rt r rI M. P".
Retirement-,
June 30,
2 0,2 2
A Mitions.
T namLfc r i
LO 1. 1114- -A- I Ct lb it i CS,
d9lud d%v: 7 not being deprev I 41'j
Lam S 753.877
S —
S
S 753.977
Construction Work im
Total capital assms Ticii
being depreciated
1052
Capita I assets being depiwinted-
1434 11.1 inns and
I M I �ril%,Cmevlts .3.971.237
24,291
3.997,528
I HMLj ;IrILJ Si(e
1 r i I I xru %. t'l 11 trll TS 272,850
272,830
. ... ... 1.RX.6
— MH
_LM74)
---L42.649
0 [41 Capi LA 1 "2 t5
4.�4
1 Cv, 3CLUMLILI__! JCprMk4TjQn fOl,
RUL;dmv, and
ImprCh'. erments (1,,;73,-74)
0 11 ,12;;
Ground and site
1mrWIDN'emmts f
24 ,1139)
qmPment (11U58)
-i AD
. ..... .
Mputoation yN 4)
t 13 k96_5)
ILI
11 ,'T 'fi.60 S
Total capital assxls
hem-L
not 2 1,81) 1 , 4 7 9
olLoj
(5.4 1?0)
2.79MOI)
Bu-S inc&,, - t.,, pe
.1,: 11 " If 10 capital
its fit[
S (4j
71 -
('() t 7 N FY 0 1 - HA, WA I'l
Noes to the Basic Financial Istatenit-ril,,
blic 111, -"(03
k. I I vi, i, kl. ,.) n xn J aji-i , u'f i /i! i, y i! i. N i o,- i i,,., v, I I.J L k,:j "k I fu I I': I i, ill I7roS.?Y9im of i I i t pi i i i:
i
UVI I I I I L [ 11 Co I I
t e ra m ental act i,* i t i
,ate[- V
1°7 i r ee C S
Ssi i i tat 14:11 t
Health, td. t i o rt and welfare
4 0
Culture 7,:e!"C3twn
1 I
I otal ai,.J IMOTtiZation CXPMSC —
71% L�Fr . - I C hies
M*7-44.-"s4
I I I C- '- 7-1 L'w ;
104.664
i h J 'r L I a b I C 11
i c: i7 r e k ia t 91 and a n i c i r i i i 17 1 L'i t
busintss-type A0 . o-ifieN
7. Dl- FFRRED INFLOW OF 1t11- SM M
I )OCmd lnflot� k:L ,I :lit !,Tol� ii"! -I,
Capital
Hawaii county
(Perictal projects
housing
gOV1171`11111ental
e,0ti
l- i; nd fund
I I,
1'� lid's
S 37,895,010
$
S
205.854
2.391,966
5,153,109
kelp liwollic (leases) 922,760
517,562
1% L I I C. Cllkte.
6
I I I N%A '. - L' rc % Qn UC
I I'm"itlig TeN en:e
21
I ull a I pirt -wr tc I in fund
fmanc'!.A' 1 11 ", 190 5.153,109
734.969
5.363.406
j e fevi,�,
to pensions & f, %, -' F. B 181,673,445 --
IS l.673.445
L-t-v, adjuqm4:-:!,, fCW
accrual of re. 17,20QA9-D 0.153,109
(2 1 7,4�Q7)
_C3.76$.0401
L46,
I ot a I go-i, erT i i n:
,A ldc finam: i.-i I
A 5,82M 40 5
S 1115621
S 1-,595.366
S 18.7,941-1-(-,,�
SEE
N oIr, to the 13AIiC I' irtArsVi:rl StgiterrtVrttw
I=30. } 07.k
'�. SUBSCRIPT IPT ION likSI'.It INFORM U ION I V( H%()I.Ml vmh'I• NIFN I
OBIT w
I he t �..., n `aas entered into none `": c-1'..,I o :: icumeriB third pail) tiuntlors for the righl
their 'nff+rmi3[icaT1 t chncalc ..^. r}ko,rt' I hiu y tr4 t';;."ni4 er.F+ir tir r sriaass ctiates
through Dcl.'i nihc•r 2027 1 he it viewi tat, :LI}Id d oI ?.42 ..:. awe-, �w ;Lx c]:iyL : of the Ix)rro wing
rate for the ncx% Ic,l 4 ,ill 11W ctkrrerit IIwC.11 % C ; k I .
ITC eW111:1WJ 4:111� ,I TO &It JU U`e alWt'; UMd a %!LyLLML kill-'d amorlit;!l1.=I,. "i :;,mnt to
N -inn k TO :'L=CKoA _'i', and Ow rJawd pre m LPL , of I W!71.fi111W
4:'r'-.�e.i�� '•I'e• �.pl7�,it'I I�: .`C d T �Cr'_�.'.i• am �Ie " �.893 at June Al ,el. x; iruNded In
I' . _ u cc:
The 1LLtlFre T=b1i11r11wn ;its: ymN undcr thew Asesat June 30. 2023 are as Is} oms:
Yew F "ding Jww 30°
102-4
2025
2026
2027
4 LEASES
SLLIV,e7 pTion-Rage€#
-\c-ruumc•ni 1.iabilities
III III, IpA 111!Ljest
S lPQ i' I v I,4,sW,
LOAN 49,597
674028 11031
['he CL unrr lu,'v,v-, ni i; . hiritr�r alld eelt11l)Il1LALt LiI1LeT 111ntyl:a.ncellaibIc Ie,iwiw c,%.I?Ir'inl -..ii ktiCli}11
dal ihi-oaigh %1,L '11:'X T i,�,: Ix,i'_es, in "'kjicjj tlsc Cbunt} v4ill o"n the as',i_•t ..t iixe cr;(l k)l'
the lease. are linai wud Ir, n "lie I enouracs to, %are+ils fond,
I t.- estimaled %alue of the leased rnae.hirier� ;md equipment and swojirn dale. deprcc.ianon,
arri'D'ltnt to $1 8,601.205 ,tnd S;.aM A rcTeomcl�, and the rQkii .,d prs°sent %aluL of1hir
remaining ohllgaiions under these Nnowc IeaLw , anloorhin": 1v S-.ti5 kYQOat June 0, 202 ti
or* ira`€krsNd in eaafkal asset, and lang4ewn debt. respec kelf- Thcw Ie,:nsuN include annual
Iitterest rates of 1 0 1 % to 4.C,""'.-
The C'nuni, alp,;, lc,rw4 land. Wee f;3M ie. NO ,Fr1E4'r equipment 1HIdUr r11511"HIM1l lhlc, in
�Oich the t ,miv% ;, nit InvOg t114" ItoN to use IN asset during dil: term ;)r lh, gr(:emerlt.
>cli It"Ir,t.., ti wl lr u -1irol-I IL Dcc�rrsber 0031. wife ..Iption }ea:sr4 ire M ".x it 1,1 qc r'1;in likely, he
C, rc lsed and I-; III extend Luse leases until fiscal ) ear 20-18.
-75-
COUNTY OF HAWAN
Notes to the Bask Financial Statements
June 30, 2023
The fown minkum IMN MOO, Underthtse leases at June 30,202-3 are as follows.
her Financing Agrement
Liabilitics
Lease Liabilities
prim -Oj Interest
rfir6pp-1
lrtterc�t
Year I-nding June ;T
2024
S 'i-0-S,010 S 124J,2413
S
492.228
2025
i?i W70 AM
WK46-
4 i i OW
10N,
IW54547 AL619
:M 1145 3
34NAO-1
AP: :
6: I)- 10 -, [ 7,416
2,$03,8-2
,�x i 0 i
I P A
154A 1 U69
1 A41923
2 1
20 1: 1 S
2,21 -. 18b
I :vjs I
I oul S ", 0 5 4,QQ0 5 2-3,118
S 18,30b,Q
2,194,79-4
10. FrOU D %� kSTY LANDFILLCLOSURF k%T) li,os,rci.ost,pi, (ARE COSTS
Hilo Lant fill In 1). the Clum Aynd As WWI hodud its he c§ V I Wo
I mOr %now And IOWA rvqkiN:=NrA4,he ( ouitty ha1.., to in---mi 'r and maintain this site
h - Kp% wo, hysi he shwav daw. I he emilrnawd,ol �:,f;zlositvcx .1 i�
'ji it! on %hm K U00d cost to perform the required and p,-:,0o,,urc care
I -Ccosts rna) fx-!i;lghcr dut' [II in Tcclm, op. .07 t.hiingc% in
ii- Tixough June 10, 2021, 52 1451 WW was spent on clk--'.ure and posiclomirr P.Allt,,
of flic 1,inkifill- The rumo wing estirnawd UW> Q'%i,330,000 i� in- lmlckl in the goiernmait
V, Id(L. .1.k1 I.-Il leilt or ntrl I No, ii u in Ourin L,, dic . cai Alde-d _luny: 30. 21 L". i, !-'' ;,000 ";114 1 Pcilt on
kv,1 11 d-le landfill 1 i s 0 1 ii� I irian,kit assurarwij t0r postclosure care w i.
v;,!) , L A111�r, i i 1 F,.7ugh w11 as ;:-j,l
KewbyAche In October I Y9 1 the Count> wklsvd 0, Kealakekv ' W&A in Kons. L rK am..
W iw&W recuirernmun Ou Counvy vvould hake: :..,, rnom."i1i -irio. ,his site ko- 1c;-,
'�i-m -. 11, m Q-m, closure ow I hinci.vk tho Mng% MHw YoWs 11hMAq Hw 311d MaWMKHW TC
40C 101 UHILI )C*S hWdWW HAL- il. J)I'Clefltl\ 'I 'uh],21 ralleall fire ilit.:11 wqklireq ncliiru
11. Ll r k4,,l 11'.111 I'hc L Osl '4 L:I- !-WIV ',krld ;)0s1Ci05Llr9r "' S 1 (?Illk)4tiIL basud Lill It
'A t., 1;11: ed clowre and ponclosure care m .0' �. Actual may hc
higher jav io chan.. rw in technology, ter charig'cs in Fegulj,,L,,n,. I h r0 U �'l I
June IT 2023, $955 1000 v,ah spent on Mute and ;vivitimac cam of We landfill
Thu temaining eqtimnu d hAnh, of ST54TWHfis Waidel W A josyt r1 7impm Q 101,11.nll
(It' 111LA 4)O'd L10111, Durbg 11 w x mir ambd JLIw IT No' 4 'P I 96L000 WaS L'I)OA 41-0l (; �: ..I t 114-
1,i ndi i 11. ['he County is [)i id4i n- Financial assurance f6i jio,ti I o, i ir c: rC: xid rL ui,�d iil ;, -.i i
Pie'uanahulu In MaN I 1{,J;, the Countvd " il h a pair n an; company W conmw Nod
, At' .'- 1I.-A% landfill on t mjwt land at Plu'uanahul'- in N' est i lawaN, The present k:o::'r,.1CT
- 76-
('01 l` TY (AA IAWAN
Nous to the Basic Financial Staternent8
.IaL11e .30, 2023
calls t:)r Count)L- employees to perform the daily operations of the landfill, and for the private
L:omparly to retain tllc mcrall m ancag,cnaent as wAcll as perfLanii all .caristruction work on the
larldkill cells. I Inder the terms of the contract, the Count} has no responsrhillt�- for
remediacion, closure or postclosLare care. Accordingly, no liability for This landfill i; included
in the C OLLnty's financial statcmcnts,
F,hianrial Assurance For t!scal year 2023, the COMM has provided for financial resources,
that wvill lie available to provide for closure:, postcloSLLre. care and remediatieln or containment
of environmental hazards at the: above ILtlldfilk, except PrL`4Lctllahulu. 'Yhc Environmental
Prsatcction Agcricy's financial asstlrzarix rules 111clu4le ,I lnc<ll overnn>cnt financial test
cos>;sisting of a financial ccimpnnent, a p3ublic ncAice colnpL}nmt, and a recordkeepaing
componcrit, Local governments arc: rvquire:d to satisfy a,ac:lr 01'111c thrcfc componcrlls tea pm
the annual test. Management believes that the COLLnty has cash ofthe components of
dic local govi:rr'Lnlerlt finarLciLil asstjuaracc rquircmenm
In fiscal year 201 s, the {'cianitr closed its two metal sak,a e facilities ltaeated scar Chu Hilo and
Kealakehe 1 ransfer Stations. !hate la�� requires the Coansty W pt:rforrta nc;ccssary closure
;{wtivitics, Illcluding, hilt not lirtaited to. the removal of all remaining solid waste and
performing appropri{ltc sikc assessmwnls arld rerticdidI b10ivitii. , 'I°l1c c:stirrLatcd liability tas of
Julie .30, 202:3 cif appro%imately $1?,388,676 for the remcdi ation costs associated With these
cic�suec; is IM:ILulcd in the C OLum''c financial statements and i� based on closure plays
prepared by' a science and engineering consultant ee�lstrtisted b, tllc s. unt}, and the current
Valrke of costs cxp"tcd to k:e Ml urrcd, The liability conld changc m,er 6me clue to inflation or
dei mica, changes in Technology, or changes in laws and regula ions govern Ing the
ren)L Lliatlon offort.
[ he C'ciun[y e urrtr>tly niaitttairLs alsd ukilizcs 7 unilcrgrOund fuel sti�r--ic, lank.s to fuel both
official and private vehicles that ate used for County balsincss, the mnk, rarr*e in size; rrom
1,000 to 8,000 goIIolIs, 'l he Usti lrl;ikccl 14611ty of l,77,,Q00 for the coy t to check for gromid
contamination and potential cleanup is included in the C'oalnty`s filancial statCrICrlts as of
.wile 30, 2023
11. Ia[]` G-T'FRM DFBT
General Obligation Bonds
The Counly issues gcilvral obligat'Lon bond.4 to provide funds for title gcquisitk-m and
con9tTuction of nialor C.Lpltatl fill I[it lt�,, I hesc bands havc been ISSLIckl b1 Oki �. otlrrt:�, for thQ
PHIlLary go-YcrnmQn% compoacm emit ;activities (see Mote 15) and improvement districts.
The t'ountI gc:ncrtsi ok�liratie}n bolids are ari absolnte and nncC ndi.tiorial general nblls>ation of.
the C'ourlky fL.3r,�hich lt� fnll faith and credit are pledged. l lle prlliclp Ll !Arid interc>t ptaylnerlb,
on the borirls are a first charge on the general fund of the Co[mty.
77
a 1 0. ,, I � t 51� 11. .A I, "
\ii1x,, to The Basic Finuncial ",,Iaiuruuw�
I Inc' I 1 4 1, swing is a ummiry of gerieral obligation bond trans'aci [()1IS rq5.!l 1 "d I I I I hL
). k-rni i i L,rll;il activities sk'iwtion of'Ific goverriment-%vide statement ofn�'E 1w., I i n ii i t'Ot° the
imw.� ikii the fiwal 4,e.ir endcd Junt, 30, 2023:
1. ;Om IN
we
BI AILL Nkkwic
i U '11d H3131KR:
rim Wi"
a UM
bias
901!� �Ies
JURC 1a1 ZW
Ow Y
21,010,(W
S 4455M.W)
S
I$ 2..130.0m)
S '.I foo
S 2-525,0w
201 L �,;rie, I
I 8.411DIft
fi x45.[Xmj
d OUj'Owj
4 00
m01 3 PE kCFK-. A
1.169.0m
1 lm37'tA7
(25'bi5I
f481 .091
2 fi..W)
2016 .W?tcs A
99' U.Qffl
9104A.000
0.6M.0001
8h toy IM
4,915'o,R)
201 b SeTiqh B
13.49? 5w
73ZI.Ow
( 1 _3712.5w)
fs I :'Sw
!.4423V'D
';tl 16 Sems C
44,9lS,000
N,M'Wrj
143YI-000)
2� M-000
4.55+3AVA
M I & �nes 0
2SAW.000
i 1.W "I
i z 11550,000?
19,0100W
; 18;; WK,
2d) 16 Sen-S 1
19 061.2 50
11.71)6.25U)
I a rwzit)
I `W"ifl
.11 I 'Ser wS A
1 (11,00h
25j"
'.4�5,014)
43.475AX1
Q'S50.000
I Qi F11 %Cfjv A
2.437.0m
2.417.(lW
tiqrjxA))
,.j7gjlqg)
610.000
202f.- F11 ScurN R
3.699.01V
1,009.060
91.Wf
M20 �vjcA
59 K I SXK)
54A1 1,00
2.115.0t1r1
?412f_l �cries B
-, 41 5.ofm
2412 11 4ir I lo, C
I (}'l 150)0
(967,500)
0_125,001)
1-020.000
-R
551.41V'50
171..'h2M.JA7
9q.11W.0m
(2WS,905)
444.752.742
2').;110
Add tw1amMized
PFCMILJM
S4,; L_3�? lk
I j I 1_879_jw
A33 661
1 k I k.�Jj 15
ri j I
CPC ricra I Ob I �,atlon bonds pad a b1c reported in I higo% ernmenza I activities section 011 the
governmtnii ldc staternent of net position at June 30, 201.3 are comprised of the follow ink
indi% idu.i " 7 w:
PU61 SL- I I I }Fll �'rl: and (it ret'llirld I I IL, blond":
20 B ar 0" o, d L i o I h i o Lig 11 ''0_' 1
2,52 5'K1 1
C 'sat 4 1W ,' W'. filk' 111FOUgh 1014
Ijf ql,
V1 ')eAe.; A a! -1114' 20-18
f) A al 3 O"o W 0", dth, dir'Llugh 2035
1.' )OW
A 16 Kefunding '�crju,, B i I t . ',. ff-6, d i it Through M26
(1, 1
016 Refu n d I i w `5cr;'L, :11 Aiw Airough 202-7
...' .' 0.�" N R)
"D 16 Kefundirip, Scric., I -ii duc ckroijg' h 202 8
1 9'o I 1Jjmm
20 6 Re hi 1wt I r I L, I%t;i .':' I al W'h 11) i.V_ due through 2020
14,; 50
20 StTits A at 5.0' ,, due ih_-.kJi 20.37
-01 P ,efunding, Scrius 0 a i .x ro 5. O'k o. due Lh ro Li sh 203
1
0 '41 P I Scries A at 1 1 25"G, duc throush 205 i
2, 3 79.000
020 P] R tit 1 125" ,, Niue t h rO Ugh 2055
I'Wq_000
20 '2 0 S L. � I 'k Zilk 0% to 5, 00 -o, duc through 2040
54.8 15.000
2020 Slerac,; C ai due through 2029
8,325,000
2023 Series at 4.w ., to 5.0%, clue tbrough 2043
991( 14 91000
I otal general obligatilon bonds payable S444,751742
-78-
NtIv% to rho- I a is FinaTicii:fl stitumuni,
I dk:b� n, il,:e req ii i rc n ill t03 '11IL7 J,ho%e 1,151w,AI-11 hilml.
e! " J l i-, g j,-:
26A
2029 - 44013
20,34 -- 2W8
2039-204.3
2044 2048
20,19-2053
2054 2056
Total
Bond Premiums
PI : ii, ivj I
I nierc-,i
1020A 0
S
1 , -a 'A
1,194
6..60 --! 91;
K,-10,573
290,181
51
65.0
6 19,000
Q�(�i
04751*0742 S 165,73 5.8 15
V I u v :0, 21) 2 3, UM un a mart bed tom! Inlon h vn -, were $6 5,8 3 5,2 8 %x h i %- I I - L r s, ki; i I I g
4 h I WAA , ey the remainivi v, I ifi: of 1he rL:,.[w, 6 bond issues.
bond!, Authorized aad T'ni%kut-ri
The (' . m ( Aa . , J hot aw". q val Q mumme of $9716 in Ahon in general All ipaHon bonds
to 5 0 14 0 h 7� p z -. ified a nd ij, i , pc k: i I lcd ca 1) i t a I i in pmt c m cn i Q em 00 J Unc 3 0. 2U2 3
W8 8 now on man no yd AM..1
Sedmequetir Evewl,. ( In '%,, i i kci a '5, .'II_` 5, ! if (")U lltCOLT M: il M13 11,11 i 1CLI r lie i S" D k 11 C C
o I A f 81 A m H I wn In weivTo I , Wx I u m IN v id-, 1,,v lh4' Counly to fi narioE (hu ill:l;i pim I
A q on ement I;Qccl -, i,. qx%- i I ik-41 111 1 11L- k,'jPlj,'j I kld,t ordinancu for I Ilk: C OLLIJI� I or the
I � car ending Jmw , I j.
(11 LJY ; 8, Si,' 4 %2&5 U0114"I WALOW1 I IvIld a&.;;pkon notes ;= fetid wing shc
proceeds Jivin : hv Adc, 202 ; gcolum! ohhgav q 4ans
Ciprnrrtunil' Facilities Districl
in its 2. 2021 to (A amr ; Suad I Wau (Ounit Conlmui:,i�w F;iOkfivs No. I-
`(1 " i (Ka1o%,4--- PrclijecT.) Specs: I A."ll CAE em ul: Blonds, Serms 2021 : ii the anumm of
S I W S AD. Nr Me PuTow of Amwing Ge coas of ceMAn pu N ie mucr Kv improwment i;
WIM W9 U, to C =) `4. Comm n 03 1 midd On Di �tricl No, I I (Kalol,. o I It: i ph[" P1`0jCL
N61 11�r 111c full faith and 4-YL:,.ht ri - .; A gvmml mxmg power of ffic Cloun(,, (NT I Ilk' 51%LIC l[A'
- 79 -
f,tal Nsy'�II lr.'kk'tl,l
'Nord' to thi- Bmi is Ffila ncir>!l
.111!.�: -.
II,,vasII n 1,--IL; ged to the pa.uIk.Iit L1i Ilitosk: bs.ra d" Iht�s' ZI1v IIoi tirICI;!I ,ddigall ms o
(1w Cdrung,.
General Obligation Bond) Xniivi padon Note:
The rollo% frig I?, a SLUTlr,' W, 1''1 ° "1s`!,1 .+liiollon k sndl anticipation noic irarisadiOltti rad
in the statt111� 11[ L11 -icl jlo,ilion for Lhe Count} for the foxal war unified June
10, M21:
hwvc 1rI
iti mcr
AM9, W1 1.10;r
I ft 3
�V%
Satcw F- rime R•1
S 7,400,011) S .-
S 7,:5r*.Ot1U s ••
S ". soft (100
�:riv�I 'w;4 R-?
7-5w.CI ) ••
7.50D. o
Teifkl.(KKI
Stills, V %i!Le R-I?
3-0�4.%)o —
3.()0CrW!D -
3.L1 )(01
iCa'Itb 1 'I.IHe id-1 3
#-WIF.Q IQ
3.i110(6.000
fHlU,t)n.11
%otc R44
1 0411?,(M)O «
I.fw.K0
I [AV!1oll
*oat4t P-IS
1-O(A(Y,rP u -
1,0(m,w a ..
11}I1[? (II)lI
�s r1cs F. NO(C k,16
1WOW --
1,6OU,wo
1,ciic5 F, ?%ow R-17
1100(1,[JT10
1.000,xo -.
I,I1tn+.t11;i1
•\4'11Etr N01.4CUS
I,0000jo •+
1.00 )[10 ••.
1.(1411rf11:11
{r1r, I NA—C R-10
I.Or}CLAN) --
1.10KOW-•
1 ,1ixm.uU,1
ht' 11c ti I , rV iW ft�N
MGM --
",000
Sd1lF,lNICa
''+,-iici F, No& R-21
Stkn,[Mli) ..
f+[Mi.dlilfS --
ti�ri,f7dk7
Scrad s F. Naze R•21
—. ! [FI7
L [M7C1
iluF c11,1U
.M f
S3$. Qf1-f1(}4 S
i t8.S1 .l Gr4
The notes 1-car in1c--ust a 4 03% annual} and matured on JI,IN 19, 7023
Rvi olNinc, Fund Loan-i
4 d IiIt r Lained loam I assisl in tinan*ink°. .1 ,, tb '• „ k4-3trr IWIJ UC I�, fro n I Sloe
'r }'...:II1.;on C ontroI ReI,q)Isiiig [undi iSF, I `: r.:r-p..} e del ihI cc-,oIsrng, turtd i~r to
tL:Y2,f.. 1, td:`T Id11j..it4 and other `:�,� ;Ifi i..,1 I -.CC idl tI1L' fd adar com nt d es Iin the
:.Y,: illl�if,�L; a-�r'LI,. Lls'f1 ,.3l wasiewater p10l4�L:t�. I:%I t ;:RrI�' hHS t%%Cl►e prnjeclt, approved
I ,a 1 riakgl I I16:'. �}• ITIT t1iC' i I(Ian*.
I lie [ LlykkllSlate Rc:-olwinv, 1=und I ONII, M'L' 111k:c.I i11g, >! 111k. (.,0[IIII \ ivil �w-hi1:h its
Nall 1.111rt;md wredit are pk:dge.d3.. Fhe ira[{' Ier,,,k,imE 1.., T1d! L.%. L',IrCli 11� 11w
f0-C11,.aC x}1 t!iC IILI11,.�
- ";1 I
COUNTY OFHAWAI'l
Notes to the Basic Financial Statements
Jurie 30, 2023
The schLrdl.le below shows the County's SR]" transactions for the fiscal year+ ended June 30,
2023,
Loans
Apni-owd
I.(}an lip Iancc
Hcilrrm.n,s J
L.tian Lialan c
Ihic willLin
Authorized
7'Y7
1=I4 I M-, � I1—IL I Cl
7.14jJ9i\•C1I0$
Juiii 30, 2023
On L' Yi jlit
C.rsSpot: I
Corl%CT5Ion
$ 8,363.771
S 2.')32. -- 6 S ._
5 (4,,7,838)
S 1,58-1,Rti8
$ 451),UM
Honok-i'aI('4'
4.513,158
1,783,8537 ..
{18.1,816)
1.600.021
184,738
{duet: n
I -Iruokalani
9,421,?32
4.4i4,515 -
�.191i.] 1 5]
�,St(.lr,lJ
3r1U. >:1
Ka'xiiana'ule
7,547,045
4,070,439
Kc a:a'x.hc
b4WTPAs 1
21.162,934
11.522,271 --
(873,tl$7)
<0.154%094
875•3121
` orlh KL:lid
2,690.404
1.375,%0 —
(St,255)
t.�4)4,70s
81,964
kcalakclic
E.IilLICHLrevw
8,677,918
1,574,347
(88,2(31)
1.486,146
89,085
.',�H: rndill
('1csurc
213-CS4,553
15,576,111
{8'�i,U7"+}
14,757,238
927.287
Kvulak,:lie Sc..ap
-MC-.gI
M?:};}r7.,17.3
4,800,737
052336)
4,548,4C:
2{.i,8[y6
I.anihau W 'A
Pumps
594-El.IL W.&LI75 1023.1,i SQ.ti294451 544185.161 1i_3.EZO.385
Tlie remaining mans bear interest at 0,2 % to exclusive ofa € -25% to 1,00% loan fee
and rcquirc puyinellts through fiscal year ell 1 1 .
Ucbt service tCl rTititUT'Lty for d ishorsements to date on thesc projects are as follows:
Governmental Activities
fiscal year Cn;iirlgJunc. =i0:
!' hicipal
'Interest
2024
$ 3,676,386
S 380,744
2025
3,699,168
349,833
2026
3,721,962
318,879
2027
3,515•968
287,672
2028
3,308,E 86
7-58,859
2029-2033
15,010,526
883,370
2034 _ 2038
9,134,822
327,230
203 - 2l}4 L
_ ?, ] 1 7,543
- 2 3,100
Tote l
S,1:1,18 %3 61
52.82 , 81
Subsequent Fverift 0n August 22, 2023, t11c Co executed two new S R F ICIa11
Lgreernents for the Hilo Wastcv,-MCr Treatment Plant both cat vhich bear interest Lit
1.25%. Drawdowils on these leans totaled $1,224,fi65 and S4,8-8,9-9, respectIveI .
The Counly also had additional drm%d€ wns for the Kealakehe Scrap Metal SRF luaii
totaling $2,710.1,050.
-81 -
Nflu,—, )AIM 111d` li:ac4c Financial �,Iafusllertts
(.kihvr(,p.•neralIonf-, fd,•rnl()hIitatiort,�
flt` roIII rk%rIII IS 41 `+11111111;11'l I".1 ?t11L Cr ;,. `rll-r it IoII�- rk'rI iA)Ii r!`. II;IIl".,IC, io114 it`!r 111.' fI, ;al
wIanize
Balance
Due +4k Irhin
1u1 11. ?{ 2'
l;trt t�Arls**
Lking 30, 2021
f")ne YCi�f
Gii[rkCr71wental activftks„
{.'0n 1I}rn,,L4td alb- aces
$47,085.691
$ 16,654,834
S(15,167,438)
$49,573,087
510,867550
t. Imr1i%. ;L11d JUdgmcn1$
(WU Note 13)
22,530,979
31.519.029
(11,291,057)
42,758,950
10,239,573
Le:riw-ti ai)d Jih-,r
1lPlan %.I,ng agreenrivii
(sor'slcrte 8)
24.322.453
7.409.927
(6,320.604)
25,411,676
1,594,535
Suhscrrpiion based
agrecnient habil�ties
--
4.291,773
(952,881)
3,338,892
1,002,411
1,.andfill CCf 1 j7a34ii e
(„Sec Mlle 10)
1 1.0,7 ['00 1
75,2453
(269.263)
tO,877,W
9.3(],818
POIILJL1411'1 ri. nrned i Lt1[}rl
(s e Notc 10
17.47
(15•0w)
(,71.124)
17,389,676
300-000
1„ ndergrd1und Stora_'.t
Tan), f see Now 10 �
I '?5,0{�0
�
I �17, 0,09
Vocal
57 2 �—'00,(22
S59..(3% 76
Kf 4,072,5G7)
S150k 1,=3,281
S28,9214,907
*'V421 csf iicw claims liab111(Y aml existing Claims r"olved at less th I I Pre..IL1Us estimate.
111 ,I,•�,t,4 lk. ;°:eti ..° 111t4general fund has been u,cd i+.l likll_11date, the rnajorit� ofkytlyer king-
tenn 3iabilitle" IIi kid riL. '11C oth, r post cr>I1 pIt rT,, I 1 �: li: QhIigat ic,lt aIrnd the cum pvmi led
absences since nno;t emplowes are paid b,� t11L." Lk,
F-ulld Bali [ices - N!ht St- wice Funds
The file}d halance in rh ,ich sei-Licefunds al JLiiI(: illdLAIIC• 1,41 1,'11 i,
rE'titrlctt'il t:+r princ.ity 13,:1.y r11crij"; on Leli 'r,11 ")'i.':In+bI h0!!d :411,1 `a�' e + 1, � Illtll I•..
rC r I t L', 7l iilk :i:�"+, + 1 °°,t +f Ill?ffe;rl :11L
1 ntt'4 prise Fund Notes, F3uftil ,ind Loan Pi}.Lhlc-
I, 1;. I 201 �. the Coils;.r!, 4 :.. c',: -crl.'r,. iihh�aTiroll ,n I:,L'11,:lf tit l rr..,:, :+.�, r-.,dy
1 1,11 1 ,, 1PTOjti',.'t (PH'Id'c'1l Io pi, r'r1''i 11,E rk;,1 Iiotcs payable: r,r the L S. DL'I?: init-rll. of
N. rwidwre, Farmer, I i. iw: Adlnlrni,strathiii %4 i411 Ill 1wipal and ilitrr° r balances
S,%, 1 s. me P,,;jecr I, •ii,I'llc for Chi: d tlot ,cr-% i,�e payrnew Lclaied to their porlic: L cif
the iivdlds, v.hic h i; as, L... LL! 'A ith the t*'i.,TAnI `w gifIiobtIg atinn plcd Q Because th,_'
Prn'eel is n�sponl IHe For .)ilk - portion c.?k the tolal 11,lndl, :�,Lj d. it %NAs d:e'.r,dcd that the
Prkljekt Aould curainue 1;r m,,..c h, tnd pa-�..niie°nt, eyuisai-,"I I.... ;L, prc%iow, inenthil. instalment
Notes to the Basic Finarocial Statements
June 30, 2023
'-"' nIL III,, ,7r 'C. V h on the old notes at 5.547. t'. rnterEst. Under this Ila oncrrt si°hedul€, Ow
PikkICL I 'Aih in LA, w,i[11ri:,[rl`t}II` Through 2025 -1 ilek N;ittk 01 n1alm.lik 41�1Ic,
In I �,,Ir,tf.'l, rliv( owii% n I adc tht: I irm I ,,hi -du -'c,,J IlrinelpaI p;t�IIivnt oftile 114wd and
11111., 'lip' talc' 1. ',."llnt% " "•a' he 1"lRRS"a1i4�,14f of dle -,o;-,Ir0airRi0M',
21) thC" OU11t- L.i'_. edl the lrrarr t' ai5lessee (.)I�1i l ka11i l'Llnner, ,Il},tiill�
i I I'•.,,' I )using VI1,;lrlat: ;an," )L: ! F 11icnt { tyf�►4lra6on ir1 the � nre>'uni ofS478 �30. 1'rlc
_rl 1 ! e 11 °'t re5l bL:iir,[Ly. and rli.t?urc. :;I 2041- In exchange, (he C-nuntN
;.L`.wLLsi�d,'ci �'xxrlc'rwhirni ilic()1,1i I i,,hi pro .lcc-1 ��hI,iI tr�ll`,iS[�OFil 33 4i11gIL;. f�irrlily �f�1-c?'rc�rLklle
1-k:IIL.11 114111•.111,f Pri,jvcI.
l he follwA ing is a SM1111;1,1"•, . 1 �'v.ttrprzw urO Tau n paan le rraarrw.aLIions for the fiscal r'cm
vnifcd J[ine Star 2023:
16Lirice at July 10 3 41.5111
balance at June 30, 20Z3 9.0Q0
Less current portion A,{k9j
Loan payable. nei of
current portion --
The following is a summaq of the annual nlaluritic i for ;he enterl}rk+` fund loan payable.
Fiscal year ending., .1wiv slr PI Ili,.!I al
2024
Total
Special A sfts,,ment Bandt i
I I)'. I ,Iiltil+� I'I[j', 1 L!,'ai I't"rl,,'a,11 -114'.g;ttii_in b"Ild1, �11L hL.1`13If of kni'li.•,t-rlwnl 01 Tr1Ct No.. IA i(pr
kk<1It'1 I1111}foL vIlierIt', jtil'i"' N,q^ 1). Ihese 11,ijid,, xxefi then retundCkl 11 :1 I'1IrtlL7rl O [1iC 2 i)[ t
WF it' . 1 lit:;;i,i Ih,9I + ,_rc: i., x.Sk d T^hC Impr0+ CrM:111 1)'i t,it I i� N,s N'Ii 1`,i.' i--.ir the pz9 r1L 'n1 a�f
'hu-, .1_ N ,tl'... d 1:''2 , , honds, but the �.-auntk renlai.ns liable hee
111Ot1, L,; 1:rti ` LI" 1 hr i M p r .', t<'Mcnl cli,triLnt`-i iii',arr of tht;' r e I L,IldCLt bt-)n& mRiur4w
3imuall% through 202- ;9'0 `':., l;„ e ' 3, 1he prcious rates of-4.1 ': it)-�.75erg- T, 1'.yl
6?e'"Ivral tIhIigal I on bond,;,;1�L$h1L in41UjL`Ej in'Lhc go, ,nlrTient-mid wiiavi,1ciii L,fnet 1-K II14)11
Mlere $55:3,666 at June 30. ,023
i'he COMM, hxs also i ,�,11C f genera.1 bIlUdh 011 behalf 0i 111114.0%ement Dl�ltil:t \o' 19
for'�4$t�'I" arr[ �ra.yM CrS1C"'1 f qcc "i oic 41 1 he IIT1proveIY ent DIk"nv is fesptinsibJe far the pa,� in t nl
of the dchl 41" [Ce c,r* t[ic,e kXjndl,, but ;he C'i WIE'-% remai. i vls u kc atvtie then arc general
ohlil;ations Lit' [he CouTaN 1lac iaa'.1)ro,cmt!nt dI%trICC'S-,h,..w o F the reIunded bonds nlaIL,rr:,
annuall} Ihrokigh 20-18 aI)tI t,e;iI interes, a the previous racc� .-� Q.75%. 1otaI general
-83-
N 0 E r% tO E 11C B 1 I, K Fi 11 A 111: iZI I SLI tk! F11 CHT ,
lkllw 30, 202.;
On A; a OM AM A ON Lin A urd in the pwmmcni-%' :Je �i�;temen-. a it m:i
WS 1 MQ; x , .-C . 02 1
file Cowo h P A - - :INAUJ t4kCral OKYA311 WAN v: WhAfof Impro%criii-r- I 1i--,ric, N%v 20
Or Sewer Amn wrnulaN f & K-Mv It I he Imp")% Dkiricl i's for [he
FMYMNH 01 AC dUhl VCY% 1W On these honX W Ow rernams kiklc bccicl,x they are
general ohfigwwnr m illu Coun[, I 11e- 111q.-I ,% k-11will sham' of 111k' I Llffl:dcd b-L)nJ,,
MatffQ-, ;iiinLiAk ih=gh 2055 and hou im"eq A He InevOm rma l i_."' a Iota!
okka&n Wd, -pa, We OWN in 17i' �1: 111-1 VUre
� - S.i"lf 11 t ill jj.;! v 4 f - ., IP2.1
T---L '-,,nds are wiuvd n; i Fina An on the lama henchred b� the jTTiT)ro,,cvxn.T,,. xif u-e i:ki I.-w
era!J from the anrivai assessments Ie% ied agdii,�L the o%% rem of We W& Me Llwa nv,.-
,v-;igcni for ; hu prop" Li%% ncr-, tN '("' r] I 11Q %.'11PTOVerrew J,,Iricts To c ollcL , 1
rueKAY I-qwrd 1mynents to hond-pying agew at appropriatc dimes itl:d, if
Tiw Folk:.III!.. i .1 Ntllttlri'lr % of ON v anw, t A% Wr linproy unieni I A qr u r N - 1 1 v
Coati(% %k , ,,, IL'I ick �k 2ttn , inj,r .)� ement-., No. 19. Korm ( )ixaq V ic �% i�,,
v u cc A i o - i nm ." �. ', ...n!.-. kon; Sewer Pritect 1'�,,- .ht A rear ended June 30, 2023�
Blame W W 2, C 1 54,D94, 7 16
Nduvions LLILU:7)
F3 al an,ce at 3 tj r i c .3(1, (j, 2 3 5 3.9WO
Vh e U Io %v i ng is a surn ni ary of the annual maturities for the im ptx)v v ment district general
obligation bond,.
MY year ewhng .funs 30:
19incipal
Interest
2024
S 1 87�25 1
76,4 RQ
2025
1 916-1
7Q2 6-
2026
'91134
6V79�
20i -
: , :+ 715
5 A 0 6:
2028
111
SOX310
2029
NJ
182
1 1212 �
2014
'iris
20 IN
20,14
6 2 1 > 7 1
1 A60
20,Vi
-%01
OWD
20447
253,000
4 -169
1,0V $191 !Ad 9 S 92CS61
. X4 -
c'0(91rY t= 1HIA\VAI r
Notes, to the Rwdc Financial Statements
June 10, 2023
12. ( 0INI Nt1T119FNTS AND CO I'll NGFN( IF.S
C.onsfactual co er r't'"Ielirs —Co I I I rwtI U11 c HIIrr1 {111111:1 , 1'01- :D I)A0.1 I401cLJ", CXIIt-I I•.t", ;IIld
%upoAs at June 3A 07 Y exmpi III I I I L: vil?r'rI,rI-,v fuIi ds, ,,rk: rci wL"t`,.I 1!I Ilic' I,: ',iiik-L
a Pall nl-tlte rcnywhe fund b;t1,11i,e ci[tre,orres and are an folk,u ,..
A��'n f`r31 r... d $ Y,t'I' K I
funj ..40!
k:t^k ', ilousing a ge nc I. i.t.--4 .
iAJ- _1_9�734 k18
5 2TO 10
C L,IWl :Lk:Lral Ct)11.1H `li"I0 A- r .4 04 , — n ! I'° nt .; 0 1 iMMa.10A.
Lver?or-e"11-fTttrod7J?a i-evenfle" I :it- d , 1 t I I i I % II;Lk '',' 4"1's t'd teder$I and L,TRIe 1°1':iIiIi for APL,, ;i Ik
pin lx'N4 b that aresulrtl_'i:t Ito rc, ick4 ,md ,iiidil In wwor agen6es. Such »1Iwado ti"c'No Val W.
it`qIIs' r`^ for rcirn L}ursI,il"iciii io 111L' 1 1.1I'II1)1 ,11!Cjil:4 t1,11. e3£l3Cnd11[Jru,, 411\;illlYk\s;`si kind.L'I io IiI., l f
Ilic v.iarit4. In the opiriiiirl 01 I1I.1Il,W.CIllL'I11 01 1ll4: ( IWii1�. di,;a110%Vd 0"ll1. II <Iri} . 141111ILI I1, 11
17L' Iri"i[k'rliil,
C+laienx %unlerous Who and Wsu.ts It.rlrc been t `cci aigain�,t the �_ l'unt� in the norinal
COUI'L' of at operation—i- ,1 ti,r probable lusstw is included on Vic �?�>�a+ninti rplau ir��
01 ou h dl�; otj,; rnt: of the + arlou,, claims and
Likkquir,. i, '.k':r jres+ nil) deterTTllpro, 11k, 1rl . lic ophOn of the COurttx `s COrpmriat on C k "ad,
III',. rc'�k_OLAL '.n ofsuch TnatwrY,,dill nut hii%L :w nti;,)Teri l adverse effect (in the Isnamial :ojidkion
11) 1 o r,xri fdiarrt'€ - I he Couivy ent$red 1nio a stipukitct .347-C'L_'rrlL;rjt. filed op) jtlp)e 4, 1998,
I)el'Iarrrll,:rl( LM€ Parks, m11.1 Rvere lion ll'jy-ko I lit a grceincni regtIir-d
I'm Ib [L- [-q:khh? I`•;:toA k'1k`4, and I,wtivdureN regard&& us l'irk5;,'ri9rllw, and 11rJa11r,1 u a
1r:LI"aon pbn by [lwc plllc1t111-'.4 llrt' }t'.n -'OW) I IIt- aIuarion and ir,iw itiLlrl I11:ln 1w
I7rIlirlarik", pi-acl'CA>: {jrpi€ 1?p'4}.:e'(1aarL", k'a:l'w k'0111pl; 1.cd and apprs)�,t'il liF ikc CoiII'11,, r 15iiIIk'11. I Ilk:
L I'A 1111[l:ik'( t:lf imtllerrlc'r11A.k1JlM i1 I101 I11:ilt'II.If h1CiLkJ-14 the, nec;e4Sar� dTlxsdIij4%iiion•, kkt-IL:
t11 in to ih c}roceL9LJwh J he se;m• nid I)XI 01'11`1A stipulated agccrrc'I!1 r`x'clk:uud pill' rl,'Y: k,iivali, n
oI ;a11 1, IYkI{l ti1�:11!ties, 44ll.Y.]c'lk-iI :1;`<1 1:%
3,;Ipl.o�irlpm lj 240 (k,Sls, I,1,,I1114, SUM 4.,r`:QYA a, r•ol .•F -Fi, k'1I,qi I he lovaglac
Lr1!11714'tl,1r, Ltiwte Of a I I ncce,,,i'S rri. Jli!..,.r.1. 11',.-.11J r4r1L_Tl;wtI,-11.r I i (hk L,Ili Iu the
k. k1tin1) k,-clkin .cil wiC:_k'='tee the , °I1w%Ar,,:t0n i he W&I 4 ;' ".. NO..W .Ama nd. yam o eh
mr)(iiticsti0nsneZt4.• :_� toprt?1Ar ua! owce" 10 Wvw fac Q Ans was I I S. I I11Mon. Aich
"L7l Id ha%e keen spent c;er the I r-}r.tr lrt•d"A. l Lla6mg alinakd by Ile County owr tl,c
Initial Rm xears fcY.r Aci€itV ntt>•d5vanon- u , S17,5 rnili'. n, %%Ali ,fr,har %I rrTlllL n of
RUN fundin'a Pi �', is d thrA;-ugh el;rnrlllunay .let elnprn€rtt bkI ck graalt,, o. L r ;,h not 2 ycurs.
:,tOf YQhC 14 wV, ra wrcoed :Lrl 4hional `_' Million a ;rear IL1. lion-Parki
Ii4�,:ALIgI Co rg) hi, d A iv,' AI)A rmicix'.r,ti bn i'�l'41 win Recause (if Kenc d kparl iv% that
`rllr't'.yL Vd Iwk:[Lhetn MC tilr'Ik".IllM U )A liritlr4cv tk"swphg and cob" wI u k'•pll,r:11k'k. unj ;1kwimI
sn -
COUNTY OF I!A1VAIII
Notes to the Basic )E; ins"cial Statements
June 30. 2023
iwopw and Cr1w as well sto �e UK co iv,.uu, Ih:a+ game into pli� heca u,c of nece .;ark
per -nuts and rlr,,,iel+s, ;ind design pro."e,;tonaI, +ha-� )Aeren't factored into ffic cI''',-
Coumt sought relict tram rite Wiri in (he forin hoth a tittle r xand repriari62..:: II
of sites. .fit 3 reNult, [he C ou^�-. .- ma orsed appro ar a modi:'r,] scar f kin xk hcrein
accessib I I itN irnprovIwi1`,141; a: the 1 , 0 !CIR ln P ; ;,ak I;} `•+ 'ry iLLquired io b, �47rT1�'I�rE ,l
itc'111I'L.T 3 I, 201ti. I b, { .iL:1i} r', CYIPPIPA 1!I LInpo I MP 4?4.[AIRA I� iIFie ing', 44j',1) rI?C iv41L_re.Lk
magAi—xv mdge asSigned to As caw whricm ILL i. i' lr pI-jmri1V,, oure l and the
COLOrt on Itw ftilv,l rc'�.`>, kLi^.11llk;lltlTl�':.La:hiCNvrIwI1(" . riol11w, pro ediIr-il ,ir:d p-I111WIr!,�) corl,cern1 ,
and delasw., ;uM W1!AM, U Pdad ng Ills" ILA 4:; 11 1,. nip. lct1 ''n pr':'I.--, r.', II,r id remaining
prQem t Ilr`.;•iltll . " P0 10C L! I, OF11PICIiI1"' ° `r <il rbrllclmIWig pi-, jean rw We 2021 The
hallanc of i!it r.r-iIin el -iia: uvWd be WOI—I A :r;tic--m: "+. pendby; separate
irnpn)%en uii: trnhane men' rcyects that would inhercnl • it _ ; r acce!,srbilitr improNerne'nts
due to the r..iturc of mach i•Inloci1 swpir g and applieah c' 'k requir-ement,;. Of Dale 35 park
sites requnng aa;ccaWbll_n init'ro%srnents under Mc To. car plan. pIti, a. additional
Park ,i::: ifrol„cI" W[aq. I wI all f` o"cr11111.1 ('r3iatphla , I ,Ii<i' ca.i.,. rL:i1111+.OW, ',',I !;ih-I ille
,,ran -,it wo l hup % b;t to o .! 23 havc been 4'r5111I?letcI 1 1 Ah;*ML1ao rl " I} um I'c nnanuvli
Ofllltlted L11.11,' t,l I:I%A 11111111111 01% 0 (PC MIKIn. I`;Yilw, loa, Kil1llkri, N;1,;Ikd1I1, :IIYil I'MwIri
f3alkftelit) hasIw Iwcn tislC7WHY I, t:on1p1i: ud dad are pendina l'I',I1?nwi: t iL-nouin i NliMV I }. ik
in dedgn and pt°pnormy. 1 {lk_AY AdnN ]I,11've) iw bO>• g prtif};!rol nw p0vW b6+<I;'I mg Or
�n-1 iru IIiin. 1 i V,iIi,.I-i I'."i1. 1 s;:"1'1 ' •,:CII A `" 1 . wI ne % I 1 awarikd 6or ,:oiIslruL!Iion an,§ i,
ti': n In F" "111 ° ,I1 i�.wY,G,. and ._ , h:t,;eP�,klc-. WIN, R.ichardsons. and Disaa(1�atrin� �Incl�r are
1:'. �iLtl>,t: t:A.WI1rrUTAWV1 Me C w'1UIVY huN or �,penl murc Than Sk.-I'M Ori Thus*:
nmAnQ 15 pril cts to date Farther in;hi4 ihc° i ouny. ha-, secured Add- tional vrneraI
,coat ion band tund,, it, 1knc amount ofS1011 dk,�Jii,mv411�.5'hv coinpletiolI of the FrCniamiri i
}project`+ In we ,ii'ti V wonstwt;i'n or oiidiur ph,Iwvs of coniMetion. The I 'III1tl had p ni
5410 rM4lllw" t+'-I �olvtnlctiori ;ipd &']}',I1 Cl'Iik,1.li1. W 10%`1� TO 1 L01'iliili'I1' IhW -rO Ixzil'k 1-,161itwn
(. olne has iIIL" rim 11iple A DA %%or-f, I)c'In 2 ti1,mplolcd k prior ro the dv,. c'Iolinionr ',t IIK- nl,.id i I 'ic`d
t'caur-�f a p1:, I 'iA1711hk t o.Imf% A!hN ( 1sI'rClrnaitur has ti`:11"s t11 an 1Vcr.1t1L. nal
aCIZINIlil bit at lc•., }'`VOW _o haled c r.°qwstw for icisonahinaCCr_}rrinl,WWRa}rl� 0 SOtip ( s1uiv-t
di pnme0s "IIII .i1!a.!rv: mnv r que,ts c.,onccming specialized access nced.,. I II,: ;p1-�c,=duvcw
u,r thc=,c requcbt% Ia%c been finalised and iry available on the Dermiinitnil Let I lurii.nn
liesourcew' tw vh I naw undo the heading ••I 1`0,c'4ll,irc' Coo Reque;tell MI'difiC tilA15 to C ourlIN
oC4EMYn i ddlillem f'ropr'3wn x'`acTl&0. ANo, PuN, in, a Rvausion 4pcckill,st vto
rckany. JV,1' W,!FCgUr�ls foi reawomii i aka:(arnrnClL v'., IN ing recreati.i1131 fticHitics
acid PrC1gMMV alYll IWi11111iie17d; Sti I L:il .k'ibaw on toy* rtcruonv 411YMIv psi ofha ulrtlrw'S.
13. RISK MAN AGVNIENT
f he County is c.�,p ned to '4 hous Wks vF kos rehired to rwTrts: the fi, cI,!ii1 1. v- aql,. ,1: ':truction
of assets; ci rors w ii oIII ksi(�nS. W-L.--rh-TCI;11a'cl injalrics Jo employee•., t1i1.1 r:a°Aral �i ;,'• ers,
Count) obtain,. pr) ;w, insurance, whwh includes coveragk on as high deductible L i2A Aar
hurricanc. fkAxl, c;aril +lak.c. and ]a%a. I all,Io purchases insurance cover.i es for t1cxrd on
selected struclWres, gtirural and profesaion4l liai?iIit* forcmertt.enc) nic°d wal serIaices, gent ,r,tr
liability for lif gnar&("a,ersailfct)I,a%iation li-,ihilii� for helicopteropera i{ins, raised senior
{"1 , I � Id I :.w'k kT-1
N4ot-,, IIF the Ii;A*14 f [Ti +i�14ial �,;tntl-3]huni1
P
lti+I Lil1r['t,'r !:1 41i1t}' L'l}46;ra,'.C'. ;.Ili?::, II:II'1Ilrtlk I, C I7:71II li;,i%iS t>••s'iaYSIM U*C'S ialid ',4LIM1,FiII:"a':I Itt°IF4ti
x 1: I1ile_ ' aIII o p13yOda I d dFll;a_ C t'0 1 Cii.gW C,q I0dh PL)Iice tleel �'011iL IC, :IIItI Ilac° 1„r11;11°1 1{;1I14 41
fife: 1rF14k. ti11LI PTUpi ny IG175L1E'�ll'y,,s' -n �Ih,'4'lll�; flk� hinti }; prgjec ii iio� 4:. {,I'C'd 4V}IIIF.1k- 1I I %
I lit' { t-Lint' I"';Ljhstarlli;'A� :Cll ln%lile'I lol iiLINlit� and forall ollie:1" C\l)i.}1,F11'C" 1.1, 1! idl17;'
hx+}I':^,; I'`, {.'L'Illper1,tlom As %u,,, I7, Cr11p17;,1As in on !`IzM Inc1na'neinc 1, aind wl'uty i ; lk 0 -1111 0'
r{° �?I: l{ a'1. ril.` ')U:l1k;} a fid, cnipl{7��`i'";4'and rs7 Miti! :1`L' 10)� :p{ iCw. � I' - IiiLb liD for bum, ;ek
judgments is reported on the ovenarrnal i '.'.. A `5rJ"".. i2I1T 4 ...iiiiortmd chemajctk,. v-ill
be hquikimed fruvm the C'oimq °s general lI, A.
I IANIiIiii', 'ZITe reported ,hen It k prohabl 1h.)I La loss has occUrred and the smouni of lhat WS
C.Lrt he re3. ,.'na3 )N e�,II 1A,tCJ ThC' liw&i :-�:! "f'' li im" Thilt hinc `Fee"
vto[ not ryor ed 1113W, t lain n 1ml; : jw,. o:=Ai.ng ItOR, are bawd Lm the
t'ohnated tihiniati; coy of 'wrWinv Me GlrlAY phi ° v�v i"',Nn-ienwl caq% Ar de hinny of
P-Frcaal counsel and e*�Ivin xi 11i F:..: 1::, { 7 �i n inb !:l:e, ire estla�mi(d 1;\ ai,�^eaa�e~
IVA W" iKaH I.'li?iM', 11,T,1 1FI1. ,llll-lilt .MO!', A to oi.Ia,taridin1' Ci;eSFT1w.
I i inatec of 113NR am l';1W,m IIno q11.A {-w,IFtjmace. The liabihh by a'W11', 0nd ILQ111Odl
1ti 14.`I'For ed on the gOvtrI1mow -x+Iti4' %li,Ft+:rIm a1 ,II net p[)witl..nn- At IL111L �'*�1, ''tI} 1. [l7{- M11,MiII
i tlli<< Ii 1.Nhh1 WaS $42, T>X,Q%" I hi N t17{' ( i'l;" A best cstimaltV h.,v`si -M AL0110 1j.'
r, Iaan esin .h. r,'E'omed Ilah by ail1:... !pj. I -'I_' �tlt EI',e. I`cl(,%�'.
1" I
'tip.orkt!r�,'
TLiM
IIIINCtl)y,Itill
F�
K..1:Iwe at We 30, _ I _
r!-L'L[ elairr,,= v 'I . 'ti - ;':
6 .; 1tI 3'
{,+ �" ySO
d nv rsaxment�
L S_ A., -..
r,{}, W 'tit)
t 10 04.00Q)
li.,h! r 01 Ina *1, _;I_.'
497UN
w
1ilti::ned rnl; :.:.,Wsio10 1Ef4K
,'AIDSI
!q 0;n
I II IQ"Il21)
.n
ip,Ql—j
I �;1I.1 wt: at Amu 30, ,gal2 ,
k
.' �,5�)J,.:� 5
.3 i {-1. L kk�',r J
� 1 �. t 5� 950
*Net of new claims liabill�. and existing, claims resolved at lcs�s than previous estimaale.
14, EMPLOYEE 13EN1!'.tlT Pt - \NS
I he Count% rcw— �r.LY i tot } ;1:,' ;y'!won vxpe se o $ y,. 90j!a1 Mir the vear ended June 10..
2023 for the fojlo7 x iriv t%o pl ri m, {:ok Wig as elm p10. on,
Pensians — IEr ploytvs" RellrerT vu( 4), wnt of the State of IGmjP4
Nnsion Plar) De*erip i n - VI Qihle emph ) cc5 of the 4ow nd c(unties an: priw ded %Rh
perIw117L1y Rllfi?ugh a conto11 a3"Irlj:,. ITIUI11plvt`rrlpLjcr dyl nInd1 ?e n hi pensitin l} nn adininkicred
try, thLecs` Reiircmci)ii 1711 rlic St,tte of lia%k i-1 l't.FCSi. Benclir lenns,
-7-
Noes �0 the ilw iu i' in-vtt'ifil Statement"
clii:ibil ,�,, G>nd �, iIzrll,r,+.i9,n r4grjirenWnh a r,gabIi h�Cd '�� HRS C'hap?u!- 18 ;iIIk" a n be
arllcndk rh ,wpht legislaUn. The r R� i,%%uqe+ a puh',e1,. firranti i.i1 ,uix)rt lira[ �,Irl Vic'
biaNd at FRS' iyebskv 'Sup: erw eh,lNknil yo% ,
BeneRs Pn,i ided - ! iv i R , r'"'< ides retirell cm. ;I I I i l ,`\ . and death '-t'rtefil" T hat are
c,,trra'41 h% illt' I%r;-%tA1,11%. inkl: li\hil,{ reliroiliunt p 1,?.-iv,
' lls: I IJFC't' I,I;al1`• 1,1111 It U)on(111rLl IIC1:F1'rll tigtr:il i:- l lit. I'L'I11211L IIII11ti111iCr
fgerterall' I .".�" of -", ] inultipli d ht To ;14omyc Kul t;i11T1I;4°ls4i0W InrIIIINkl b, lean A
,rt:dirtr'kl-%er\!tl. I Ila` lyi-ION MU111P'.1A do Itals"I h; 0 > , .,'r rwa' llyhrid iln,! ti'ttiltrl�iit `I',
t�:3' Itrvlrll.•:' hi:Q ,..'lcr June 10,' k! I Ue? Ikr< Enal conio ii:jattion Is I a%cd tan lhi l i,,
h'.':-y ":1 i;nj '', t",!I', :%P ,rar\ icc excludrrig the r1;F41114ot of sslar} in lieu of %acatron l'i_Ir r iew.62r"!
hod aiicr 1.:m ,I). )12, For thoNc hired! 1•ret"v" January 1. IQ71 arld June 10.:011 11C is
band on We lhr,,'a: highest paid yarsofscr%lee emlking the pad nicat of,,alar� in lieu of
4, _l:., __ :hL, C rny}11:,wee wxas hired prig to J nliary 1, 19"11, the At (- i, tf , a%cage SalaD
earned tii.,rm r IN ni,c hMhest paid jews of wit rt W. insluing t114: i a, ment of sabry in lieu of
i acMI,a1l, or tiirlrC highCt ',t P-aid }Car' t)f 1,C1 ,ICU CXCkldi11►) i.lic pa, rileril tit sirlr?Iry' ill licut of
%acat Is}il
.For ruemha:r, hirer he r. I y 1, W 2, '111 y,rfinal rekenient allo%k; nee k incicftscd b 2,5",z,
Jul) I ttlllo%%ing dw cv,- ,1,1- •4°,Ir tit'rclirealie t. Th;s crimulatne benefit is not.
-rounded and increases. Y w %or by , s4o or the o6ginA retirt mem a111.xume "ithout a
%'t;;;A 115% of the clad ina1 rat "'c'r-;;rat alhma°iwc lk 100 year, 5.0' & the second )ear, -.-51 t;
70 Ord wear, wi .)_ I -or nteniber; Red oha .I1.IIl:: It 20: 2 the Poorrecircl eni allnuite
1 rl-: .-I ,k, %was dt c rea;scd to 1.5% per k t:ai
Rairriii01 4',C1Wgb kn l't'r?cW p„rtTr'.IS.� ',kllh al 1701 :. I'll-efIFIlll ,4 lne in+ es igazors,
5eue.r N%virher:. illtf L1. and Owed Ati.ady ~Kor) r oIn general .'inplqcm.
LL2nC0j1('r1?4 ljQf4"4 P4fl
Ret'renxrni I'l•enelits - General ces' rortirerriein~ herlefit5 airs determined as 1.25" 0 c
a%ur;iVc III ri.il MUltiphOd ,1% 1114 + or- uo"credited wer%ic.e Lnipiloyees asrih
10 year tl,i wrcdi1k:d per' ice are eliLzil,ic I Iciire 3t age )'. Emplci' cc, ',%ith 30 years oI
credited +w'r ILA arli el6glt 1r 1;4
Dkahilii� I�C!;efits NUM rvU, 0 L eh 'rNc 1, , v% rr'd ,..i1,1%ty
regarc Ic-, of IcIlr-,iri C}I'Se1-�,icv X111 Wt' c a !IIt`tO e I}erlSM 14 ;'%", Of rh lr a%CjtgV
frnal 0 111IW11I19 On. Ten jcars i51 LAV111411 Wr'l& Iw 1'CgUIrt'c1 Itl}r+}1,111mi% illnhild).
Ord inm di%,i!1!lli,, hCnwi11�1 �jrk' Il'.`la.-IIII 1: t'L! 111 iht 5it177C II14'r 11 • IL'flI4'nla`119 1 4 �;It'+ I=+11
wItllf.na an +SitC1avial rediklion. {?rl-,1 a! : I'' I1111III7:e,. of I 10, Of
[Will I i.:-'ti'1 1`,rs, I(;l:-%;¢.°I-11m(�; T I ti,;': IS. the surk n I11:(;' piuw rL't:11, awal
K"t'iia: ms r1:ct`i%o; u rromQ% herotlt i" 10"a, 14 the ncryc Anal t onlon)�,ation unfit
rernarriage car re-cntr� ilito i nt�v4 reciprocal b+Lneticiar}' reliiiir iv hall .Addilional benefit,
-88-
%ouA to I h v Basic Yjiian('i.tl "-I'I tICIIIt-11N
atrc paea Ne to ,trn n ul p ,4p litiw w lillihcn up to age I H. If -there in rr11.) slunim °reeipwal
b(".1)t"tl1:iilF� Lir dependenI I - IiIIiIi('rl IliI [It -1kC II IS paaVarble.
Fe Ioors ofcrcdi1oI LXr1,i-,L' i', rt'tlllireki 1te1 v ;roan death benefit':. Forordinar_y death
beneiil,,. the -' n,i�ing,pkikINC rCCiPMCA I0l>le[iciar� (IIn1iI rr:m�,rrriagi:I-Lcolir� ill115 1 rimly
recipr, eAi hent;Ii,�iaar) relalia,nshipl and rlL:pcn1 c.-,r �hiljren (u4x t4raage I fccmc a
benefit „a1M v of memlaer's ascnnJ unw iuecd for
ape or. f InU m0--n,:'r k� .,: eligible for retirement w the A-w w death, the %urn King
spou-te °,eti.pro. a! I1.Q nc;ti4:iara rC%Ci%t'; I(}}°a jt)inr _�j- .1 ... - - • II t` I i m e pension.
..11:: _r1:-I- P I � r (t,r Lw I(Y)cc% IIiI.0 PT iOT 1,1 JUI%T-eal � .,
Gena.rf .-I, plo)ees` retlrcmcnt benf61t, arc LitAL:11111iled al
}%clo t 11'sw_ rrll,ll`15hed by the >carr t _rC'xiilg'ti '•c r%,'."4- �pt,lll,'1';II
en'lvk:° h t-ars of crediII.'11 '=cr, rce ATC 4ligibie ,f; ;'IA1;L
PL>iaec ain{I Irreil,Jllt41' Ietlr'4'111t,'ll1 Ik4'llk'Q% wa doelai]hod Yk 1 Yti ;1\a'f,gw 1111 11
compensation 16i c;wIl tc ii t1i ',V1%14'4' 1111It, i9.11K1Xrr1a41n7 Ot 80'' , I'lllll.'t: ;Illtl �I1.`�II.'ISIt'I'`>
vNith 10 years cat t:ft'tjiwd •cr% no me c lir.'.i de m nwirc al. age R
Dkaa.bilir% Benefits - Wall. ol%.Hu AMC disability benefits
rx°vMd"Iss of length of Seri wvAd rewulut a =-fi Arne peab)n vf` 5 °u of di6r a %empe
linal cornpensatian. An jcm, to crc l Ind ,Li, We H rupled for [rrdirmrt dira l ilit}.
Ordin an 41ka ilitti h erivfits arc dettmrined as I . P6 of wcnWe final compai',al kin
multip:ied d dw ynu5 (lft:redit sta`•ik:es and air;: pri)abit. Irnmedia[el�. xaithout mIII
+ Ct=: rltil rkCIw-,;i n. and It a nimimdrrn of 0 ; A vempe i1rA wPt;wrrxmAn
(star.°' Rt.nn5r; - Ior SCMi4c-I.mllt,'4:tr.`sf deaths,. t1"oc alir,n1ll� i(xiprox:a9l
beneti,lurr ICcoEic;ahI'°lrrlp'>I.fupa)rlcint0rhi,`rrvmbet scon11Rao krn%and accrued
1;nurmi [A us a nit.?,ahlk Ist°u lr[ of Slid;I'll o r mv a%nage final cum pcllwlrVm 1_rrriI ronaSf'ri'1Ov
1'ir re-entry into ai im% 14°t'll7t!A howho 6 q rL'I'e9rWSJ I f there is no SIM I It III! I,
NCI,+wo resprocail bf!iioi4'or1 . mI - %'11iUvn (up to ape 181 or deponrhig Il;rrom% auc:
cligiWe Ar the rnividtly Wllt'til Ii rl1i.'l'4. i4, iii) �;poLisc`rLk'iPr0Call bell 'l lclar. or dk:pt-lltlellt
wI'I:1dr-t:rl ,Tmrciv3 L- `11t'.tr��m:in dt'-ilh 17�•Ildh is � gahlc it,) I�'k dc,,igiiatt'1;` I�tr6Clr�111"gy.
Ihonem, ark." mhbv I"1 .e'mrloy,c5 t1'liL'' .4f,34 -.la li%�: ,14 tilm O Uh.`aktFpr kk iiil
at Kn I year v ° p ice. Wdinar...kWh benefits consisl t,L)f as lump surn paanent of the
rrr� rr k:1 = 11, :[i4' nN and kic rucd intcTest plus a percentage elf the .alar� carried in the
12 I,-1y.criing death, or 50". Joint and Sur%i4or lifetime pension ifthe Inewhei-
tx,:� 1:a :t 'ti, c for retirement at I , Iiri'rc ut'dealh but Naas cTed iled %? i i h at Iea,t 10 %ears
of- s1'rI, ': � ; 7 i Jesignwed one Fur1i: fic ian, or I GO' a loot and 'Sure "or lilttirrtc pen,%ion if
rht: rr7cmbt a as eH0hle kv a` wn,4 mat Me time of'deal h a Fid &YignatCd 0nC
ha-IttiL NJ .
-89-
Nim to the Bvic Financial 9alvinais
( nnmhw on Pl'I'l I or I I I I C"" A.1 I C1.JL I n e 30
Rvirrenien! One% ( punapal vriiploeus' retiremenc irt- ilcicnvinwil .,,. I
44 11OTAQV Ron! v,"n;vn%Arhqi imduphA by the )`eMN OFOWNUO W1 kv vWNWA
c,inplo�,-cs Nsilh 10 yvir-, of -i-editckl ;Arc to retire L1
Pal me and & rQW? Wimmcn! We% are dwenn: Pei in 2.2 5* 0 v fal evay I . I
om pensat ion for each Year of or % Or up la a imaxim w- V XW 1 . a and nw6gh v I-,
iih 10 �, or-s of crediied sen ix ;iry el iv ible to retire 3- nf)
Dkahi ht� Zltfld Dt'dl 11 BO)efits - Nicinbcrs are eligible for seR icc. r,- I:i:,:,i Ll i�k h i I i ri
W" A F agad le" of knp1h 4 q r,. ii:u anti rvi:i: i % c a lifetime pensiiik -ri .! t'50'°O offfie if
m raq 11 nal compensw W Q% refund of a an Mims and accrued Ancrcqv I v n cars
v NOW iery ice is miphwA ku ordlary diabil A), AdVaD MY Oy V oc 5 K ame
, T at erage final com punwo ion Or each I car Ow", it hu po we and hm%Wers
arki :me pa) *14 in rnnhAco, " idn A a a" acwtvial reduction, at a rn ni On um of 3CRI of
I " %:'T"t L, C: fil 11a I Co 1111) C n
Wath banents rou"Mo0q; VUn owmhaq hired aftCT June .30, 'III' Wl: g.urier.ill� the
"Jrtle a-; tl`)C'SC 10T wom r du w q plian mcni 1:�i:rs hirer JUne 10, 20 irld prior-
Jjykj1. .ri J r E Lom o _ycc -L) ul 1. �' C1 ftL�i I I P F4:d' P rk) r I
Rvi uvrn cm Benens - General employees' retiremen' heric 6 Ls are &[vuil tiiA as 2% of
as epoe Anal cein pvn,aWn muk Whed h) ihc: of c: rtd�tcd Ner% ir:c. C irrieral
I 02s " iLh 5 ) ears of credited sen ice art t �Jhle to rctive at age 62 Gencral
emplo; evs - i & ID j vows of cnAted -wr% icc are el it:: ble to retire ;.it age S
Rr`:F-'Cr 11, Meni her; are chOlhk km ho,,xe-related ditiabi I i; It,:Piefi1%
i L, ga r L L.' .6, � .' ( i e I,. -'-' 111 of .' L. r 3 ta': . j F 0 , t i % L: ' a I i fo I i i n t: perL.s ion i if 1 5�. - t l [!'fits , B ol49e
Wil compensad"i plug. rVIH"d Id Wir camtriburions and accnwd inkico Ion wan v*
oTdhud senvike is requircd loi onfinur� djLiabilily, Qrdinar)- di-,3hiliis hciwh1-. m-,:
(JVter1-kinCd iT1 IN: NnnW (Th11111Vr',1 , I'Llircinent b4'nefit-, hijr are p,vAl,- imink-di.itL-k
10m an acWaiial rediw0n, diu! i' si rninirnimi of of !-m.d k mil-t-il"al Ion,
For ser-% ICC-COI!11111-, 1Ld r,"L in -�ipr - pou r W� cc klc;il
HOWASS WOWS IUMP SWn Pa"M ! of he rramhe , A,Tumm, And accnwd
�ncvevn pl j, z manthl) benefit ol 5U' a to the a%emp Aw W,MrMn WINIn W61 rernanKagc
or ru-mr, No a. nev. reciprocfl hcnvfjcj.,r,. rclxion.-shq. lflfacr� It no mnk iiI,g
NO . Prc%!al beneficiary, mH"% W9 childon "T Lo agn ! 81 ;q deperAcm lament; are
a 1jW% kn ,he monthly bunAL lkhery in m, %p.A,,z reJPD-'L'1-11 hCr1CF1t:i;1r-% L-1 dependent
. h Sen ;mran, the ordinary drah hentfit A rayable 1v The de"gnAed knchdar�,
-90-
f 1!
Not-% Ich 111C Basic. Firkallrsvial statcalerms
junu ;I n :117 ,
I jeath heIII14% ary avallowe to emplojees �% ho %ere acli% at 6me of deaw -,`-
11 14 ON1 x X Cd rW I I f SVn I I'C ( )rclinary kk: I 1! 1 1 W IR'i III, t()WT i,t ()f ik 11111-1 tiAllll ])U) FTIC11I I II I I I,'
mvinhcj". contril-onhook., Hhl accrued iwk,rv,,1 mulliplied h� 1 411" , )I �0`6 Joint and
I li i! k I i "Cl i'l, C Pew Lt'l I I[ the rT: cin ho n d wt 60W n-I wAnnow at Me 6mQ
,!,:ath b:-.t %%an , I t,dhud " Uh a leawt 11 weav of service out: J : dw- Had one bencTi ii x
KP a JoWt Rnk: � tj� i � or i IfO I iMC PC f Ilt 11112 1 T1 K-F V-:1, I, i: I Ib- Ihk2 F'or rd i rcmen I
1 0 f death an d J c �, i ;, riated o n e hen e i: I I; m q
I h hdd Plan ka I mp 1. -% t-c, I I ired A 0cr hinc 10, 20 [ 2
ket irunwo Renutho - ( ivneri I en#q c& retucwnt how &W are dcorm in a I as 110, N'
j6cmge nnal cmnipenmiAn niukipked 11 Wc 3 cars of credited w.ry ice d
cwphyms pith 10 )car% of cr nilcd sm ic(: ;jrC ehLLiblk: N-I TCtirr M ;a--L: 6' E
%--ilh 30 % ear-& of creditud serr:,.,- are eligible to nfii.rt 31 QC 60 A= %orkw. !A I
S31'ClOffi,zTS. Wtf I %I I % MQ rem "it 25 icy, A k odded wvwc at age 55.
I Kabdo and I ont Ibiwth - PnA nu m% h a divuhiliq and Wah We% genre- A %
I ell I"Lilk [Ile �.,Jnj I:, CL� ') rd i r I a I %� -11'� '
. L I j, [ % I I , r rd i 11 �I T) k lt�Al 11 � W I W I i I. 't . (, I I C Lj 4 11 � �C 1 .1 L� I a IV .11 1. 1111 L'
to ejylpjtl� eO'. kt 110 %%.CrC ;1..:.it 0 31 [I. -Ile ofdcafll )-, 111 at least 10 )'CACk:1, %-Cri- 1. -- I lr-dillart,
dumh b"Al iw ^ "I a W-.7 �,um pa;mvni cat IT.L: member's, contribution,; xnd -.wL:rUvd
4nlere5t ni - -!['' Ld n; 120- . N 50' 0 ROM and Sur% i%or lilctime n,,ion nicnihK-.r
A 1% 101 vhWt':: 7. 14'WH41':L at th-, ureic of dealih and designated oric be-rleficiat�), tPr
I j . i rl T .11 i I : "i % i � I ) r II ; k: i ;n e ren Li i i n If t h e mem bt r m, a s el i g i h I c t"t I r rL:T i TC111 V. IIT a[ t 11C
IlllI L'['3e.-,t11 11kLi A."- 1.- I 1:1111ad 01le hellt-i iL IAI-Y.
If 4im iihnov no . ( ,�wn hKow drc evahHowd hy HRS Mom Sack W inu; be arnendmi
ih:, w 1UgW1._;V-:1 1-hV (AlIF11!0eV F8110 In & A ore 'Aw ol Ow
W� iir) r"UQMg honj .11-1 t:,-perience �-ud�r -tier+ !'!%e %cars. Since JUIN
Cw emplc�%er cowrOup-H we is a Wed PercCILl'.1L,oIn-- :-.1 Cin I ;L rl I ;11C
0 111. 1 c , "'. PI U S a]TiOU Fit, I'.+ii1kLkj 10 P0 Or the willw.dt2d1 actuarial aL:crNted Fhe
--0100Wu,n"iWuQqlratectvr rIL:-11 ILIP 2"LIL.11.1rpceanicgmrsand AW for
01 oflwr crpkployee,- t, imirikillipil. ILI t11e I)CIT%i. Ill 11hri ftoill dle( 4711r%I� the � car elldcd
1-:w: fj, 2023, 20-22, mid Il I vere $63100144. $61 A U84 mh! 01A "A"81
!'k!'t- L I I% Ck
-:-n! w make ol wown4"-7s Ar menrlber; "i I. owwonljNmy poll
;,A,, umplo,ees like! K a n, h4 12W2. uncrol cl- Izk-, are rcqkmUd v
JO f I hatc Ri kK Hw W and pW Wo and 5 w h ghtew are 'roq 0 11 cd ;,. 1 1 5j
' . 1 or IALIIII emplRy LP% hhCd Ater JUMV 10, ?1H A wnQral en1PI0>CU% We
rcqnbud Lo W�OjbWv 9 N� 50 dwk salwx W pA wc and fbeh;h1un m v inquwai io woml-Wat;
d Ows why, 1 lou A vdan mem"ery hi A nn, Juk L 20', .' -irk: to callitribute
AM- Y01071 1 it W"I IQ" --embt" Q 1!--,7: )--!ne 30, 2012 arc rifo..iTQ6 I.,. k:owribijlc
M
`"Mons to the lktN iv I- i it a rL L- i -a I .`statement,
Wit 30. 202"
Penti,ja lieibditi,,�, priiii(m expen %kr, jjjrfj df'jL7?-1 �d' ff 911flOWU Of rVWWrf W% 'Ind
i)!fl�, K-s q r�,) our. releved to peoxi On s Ni how 30. 201 the Com % ru p0mad A a P i
5 A 1. '' n 7 I k .: - qvrtionam share to the net pension I iabi I iti I I,.-- o,:1 [icnsron h3--
V L J J imne 3120: 1 ind A W payMn lialAky wwd - - i i kitc the T-,;:,
I dete M1 I rl 12,1 h-% 3 n aL N 2 r 5 1 N a I tj at i on as ot'l h at d 'j t c I he Cou r i.
proptwl ii.sii a,I -.!-w m piendon I AbLW > mi, hNod oil iy:luifl em ployor v, mir i bw i: P. 1 Q
par"ion pkm r c Lo n c N, Me vomribui ion • .)i :i I I ll,ip Q Qmdng em phyixx Anknu At 200. W,
ounr) 1)i-opk sr� ion " as 4,51 A v% h All x a W i yamis of . I To hum an pivp o 1 k a inesyn A
For (fic �Q.ir June 10. 1023. We (Amno io, twImi grawn vxpum of SKAWL '
V line 3U, 2023, the GY.Aj Puported duhnodawms of re,-�ource;, :!ii,' inflov-s or
revo urce s t V 110 t I to Pell, ; -', I'l , from the fol It i-A i n g vou rees:
DO"Cl! c:d
D1'+ !- r 1:, 1
OL11111'�% ..
hiflov."
Difilrences bch% an rywaW and amal experience
2 6. .1
Net jitYeTencc tviv�ccn projected and actual ineslincnt
carriirl�,ori Ivrision plan in,.t;StrTlCMN
L hanpes in prop,,r:ron MId dift:reri,tic,, lvl%%een employer
,.,.!IribLll 1: 111% Oil - i ;it e share of contFibU60nS
24.934,567
AS: mo
CAUMY CMW 1111tion, ill%, rnL:wuiriiicn( date
(, ',.1)00644
-7
Iota]
1104.80 4.252
10.27009
$63.900.64.1 rernw! AVound WHows of resources, related io the Cnkinly , contributions
or the pup d ;)7.11 i -1 jum uo the mea,-urvmm dxx % i 11 be ret: i,.Dpfed is a reduction of
the ret - , is m on he Asm! )ear Wed Jerre 31 2W
-92 -
COI "STY OF HAWAN
Notes to the 132sic financial Seal menu
Jane liO, 20,
I rllaer a,n'muw':j rt: N.,,,Tii,d as &I"Irri-cd oulllovk, tij rt- h,nrre� and deiCrrell If11�r� w, 17t rt'sourccs
It't,ofr�l I'a+ I�t'tll."lorl, u III I1C ic.'. of.111Ic'tI 1I1 1MI Ll{r11 Cxl el-,�,e as folio wi;:
Net Deferred
Outflows
f lntlo%%Sl
! : ._,i: Year I r1di Junc W.
o Resource,,
0,11.
S (1'Z,289,19t
21;1 4
{16A;-•16' �
2026
C,72.566. -69 6
1.: ,_,,o.1:r,; 1k,F1S i lie ioial pension liability in the .tune 0, 2022 actuarial wluRflon
d ci n -jawd using the following; actuarial a,,,,,mnptions. applied to rill Iwraods Includcd in
11 w Irrt':1 ,It-onc=nt:
III11atiorl 2.5(ft
l`a r f grtsN�t}iralt 3.50°loper annum
nl r, -increases 3.7510 - 6,75%, including inlla'tion
Im.esi'me+?t rate 01 TeWf11 1.W;4 per annum, including infyatiM
%Ikc� -.� 11rr rates used in the actuarial *aIuation aw of June 30, 202'- m.ere ham on O
tolI(,A ine :
Aclke mzli-ibeti, Multiple-, 4 1 'fie Puts- 011). Employee Table for 2acti%C C11iPI0!.Cv%.
ha:%Cd (In tirlc oc%- .,hation G°II I 111cmbef.
larll ri'r'!Tvt I !1{' . 13 I411'111 I�l"11rt"L'S ()f 113►s91'1 1)1,7rt;r111's I:i]-IIt', 11w 1:ft1 ,;hrc
I'Iojck:i d oil a IIll lN �2c-1It I IrI. wIk,If I'.1',I , 1;% IIIL' ItIII1.-feral r<Irt." o `k:,IIt' t AII11' II t1111 111L' air
all S,1 l4ltll 'Ir11"11,I!-..1 :11id "4t1t1''J, k.% bw.,c (I 'II p!",11 :%'!{1 �'lt',IIp : \jIt' r1s'lILt:
Dll,ahlee r-: i:kx,, Base I able for hcallhy rr~time's accup�,l-(.In, wk•r (0r%4a1rd i Sc,arw.,
generational projection using the I,wf1+1IP projection table from the %c;rr 2t1« Mir1l11 ian
rT'L0f1,31 its rate of 3.5% for male% and ?. 5� o for females.
I tie su9t1arial as,.;urnpit ions, used in that June 30, 2022 valuation wety bawd on Ihv rc adts of an
;a:tuarrsl cNLperience study as of June 30. 2011. with most assu:rnpti ns bawd tx4 rl1c Iwri(A
th-VI'l3 )LA 1, 2016, through June 30, 2021. The majorchlanges to assurraprlt,n,, rc'm1Itinki from
the 2.02 I actuarial experience ^slue!} were ( 1 ) to update Tk basoz morvallrt (Alcor % rth ei,at;a
1hrou�h June 3O, 2021 and (2 reconimcoded a highef salar} 'inbreasa ,Loheduic.
-93-
( ( j I \ I � i ) i [ I % V-'. 1:, -,
%nic, to the Havic Financial Sisirvineno,
long'- ean eXpeLAY I'MC Q 101.1111 ill IWI)WH Qizi .)
I,) %iiri approach-, in li, I,. I � IL I)t--, I {:-, I I I I I, I I C I --,I noes of expected r I IT urc I C'i I I L-Lk I I r I
inl return,,.s. riel art pi:ri-,wil pl.w imc,,liliciii c--xpciisv and iiillan-m 'I irt, k,% :I° loi
k"Wlk imLiormsset class. I'll w, an qch mi; �,qntqncd to pmdme Ow 11MV WYM LAyvwd rAc of
1"Am'11 h> ii.-i;,eighii.rig the wpinlvd w qwnA YwA rxws olfretuni In We lui �--cl I -w AW"Awt
Ravolm9c.
I1 target al Iocai it) n and I :, A I S of gw 1 w v i � �, of re t,.-, m for cash n) a:, i r asse i c L3
.W1." Mi,-.rized in the fc, v inn, tahle
L. ong-Tervi
�IlocafioTi
I a rpo
I xpccicd Rnf of
U xlvcted
IN P. B'I C 1,� rw�
A I 1(tc al i on
Re. urn
kol-milln
,:,J r c. ,�l i
62 1 use
8 001-6
15 H61D
1 1 % c I i
7 �flu
5. 10`6
831wo
iin e\PecLed Lri I lat
ii.:n rx: 1 2. 1
I f-,Itc [he dKount nate wal ho wmwry the too! pendoa NaNIN; mas 7ARV. whkh
Aj, dic and ruzo und at Me prkw nwomwww BY The prL�j I ecil . on ofca%h Illows wied to
tilt' �,i"awnc vaic wnunwd 141 o-Q-yu wonnmuOuw :will lie We at Se curnm
-W.ribufloil rac a.-�J .hat coriti-."nunn- ;idn the ( k-.wy sxKI ow inade ol wtannAN repine(I
I alcs, actuarially Jeterin ined- Bascd ;,ii t,i, -w aawnp amn lh,.� pension plan', t idu° iarr "t
fxl in %% aS prdeaed to be a,* ai lable io make A pulcad hituc We 1711 pp iucw% of current
actin e and inactA e cmpluws. I ht-rcfor4. the law' r�, -(,;mi c tee rate orci u, il on pcni,1'011
Ink c etas applied to :I H peritd% tat Pri.ru, ', J `,4r1.'11! p.i� rnents to delenn ine the
of the Couruy'% propw-riourar Qate q the netpenhoh 1.050ty to clunget hi the
dis c - (j unt rate I he Alto ww ppmw % aw t - ;,woporl iona1v -di,jr k- 1-5 11 it- tw'
hol"Id w isalculmod using dw dv"AHO ro"d Mr. as WEI as .1wo we tow, "..
[Wolhidwynale AM Of HIC W lWil"On IiAditl MIMIM 10 if h Were CalCUSIC&I WHY a dimAOWT
r;i.Ie dial is I-percenlagc-point lo,.vcr 1i) 1-[w1-i,:entage-Voiikt
,,iirivni r;oc,
C: Mvm ENWOMM 11,0 KeNa"C-
Kv. 170010 RAMP a)
puwrt innalc share of
8u(Jpj i.0 10 8-1,2 19
Pi -In ion FlOr vfk (Pon Dcldil-! : I i r'- --:,9,iol about the pCnNion plan*gfiduciary
1'. .-- Aw - % I Gor,,iprL�hcnsive financial Rtqlorl
I V ihsi windw; Anown: �nnuw=l- L!:,' infol-Inalion.
ill
Notes to the 101"it. I ili.irlcia[ sllitetm-nt"
)"ne 30, SO
RowbW bra Me pm%hoo plan At June A 242 V Wwvinual T17,I)MIZ to the ERS
101;- lc'! ?I ti,.c eill pk*3� er L.,-,w rihiiiiion I -OF ouL %ci,mjd Ijajf ()f t1it:
m - n; n 1 I Ac 202 3. d wo u Ned W I I R's, xid rhc cx. . e t,n pension osl under Net 15 : S I I I
12 R E F ER I IRS Swim 180 00 A 6SWI 1w, c . W �� 0 A 2DW,
Daher Fenswin runs - ( cjurtt; of KID&ADVIt PeRSjOH 'I�NIV;11
Tbw k ouimN Wo spaqw, n nwhpAHKA M" VnU H011 a I Ong 6 In" pk a ri Jv h nvd WeAt
pen-;'-m "';Zhn for I 't -Ile ( ',111,i1� I ¢;�J!,j It I Iti JJQ Of I IaM,A P L I kondsw n IWIS1
S ,teni i %% ho art, , wf %c crc ine I i L:i F le for 1,,-Ic -_ ir i idLr L RS and a hme vwpQ mem bepn
�,, f"ore I i r1, 990- 1 l nder _` R , Chapl,-. Cou nc� PC f ision V-7k r-. tiremc n-, '-,i�n(t h ts
; nal are com piaed hamd is the an mape ,,. i i, - :,,! .ihjr7 duri nthe [ast 10 ) ears of einp lo� i new
Ni, i UN A III i p i p I U1111 PCr17,i0I', ;tiMUU-1� ;3C $50 rK r n i n4h. Tbt:rc grit r30 a,;Wl% �CC LIFTLUlated in a trust
Or the payment of We-n.
As of dw iwhmovi dmnq June VK Wi III ic ova 13
recap ing hc=W 9 Hma A e cmNoywmo yl wetwing he whi rq HWQ;Wd 4 RWQ
mcnW'.
Pelf ) ion Nah difi0 4wnwn " eqwn M n an 1, Vn -11 n y/h, %I of reva am, � i a n d deferred
QW, ry Pew= in Mahk to pen chin % ;11jun.c 30, -'ij' ',. II, L �LILJIIZ�, r LFklrrtd !i I iitbi; i i,%
8:) -L ion liw? q % ai mewmad as cW 3 u n a h 2021 hand on an actuar a I
I" ;-' I tiro _% k' -,I f C r I k1cd June 30, 2021 Te C 4UM; rmogn "'.1) tdltllt" (Pf S12,185 and a
.gWn Q poop III cL\J,Ujj.'C (d
AcMaW =umjAhwo The lotal pop lyi WHO) in the June 30, 2021 ;wUnnal wNP7 w-,
determined w.-:: I w I �dk �'h)_:_', ati'u;rri.i I -Lr,,,um[qion-1. a,)P[1iQd IQAII jlc,rikllk I 1IL 1111,!L;j fir! 11'
HICASUMMU111
Innavion 15W �
Salary Arc i -1 1.50%. including Wilmityi
The avemge of Mw SN P NEW yl II ad NI ) vw I Hgh {Vrktwid I t,i _'Ij
PUbI i,hCd } it: Id'. e .!hkRtCd "J tlk:41 Ilk i! W r 1W d 1',Ck 10111 rate I jlf' '11. 1 1 1
- 0A -
l. I fl' VT�, ( J� I I I%', v-,
Norefn the Ki�.iu I inaucial St2ttnivril,
Wr 10, 2023
T = `� f. 1, " i n g prve n Is the t -.tj:-- � 's vii a I lxn �,i o Pi I ia bi I i n calculated using i lie d iw o u n i rate
P! 7 IP d, ;W as .hat the Count}'� tot,: pcn Ion I AN) tikouId bc if it %k ere 0-alculawd
Li mni rare tat G I -per-cmaye p, w It % er v 7 Cal Q or I - pwmeninge-point higher
(4 _99" o) Itha i i the current ratif :
CIUM!" OYA PCII,iorl liakility I
Sch ed u le of Ch a i i t4c i is Total Pe asi on Liability
To[21 Peri%iim I i-,ibility
Qv W a f , L I
I nicrvsi
DiffCYCIIO: bLA%1.1:�H c,peued and auwal o\yi wiwe
Change" ,3 ii-d IMI), 1% MS 1, no))
Net ChAngr in Mal Ponion LiOflht� (3022)
1'otal P4,rl,.jC,j1 I i,dlihy — K--girtning _A4P,7,M
'Tol�.d Ptri,,kiii I.i.thiliq — FiLdhir,, S 806.764
In add N h m h , pwx A my pvn An howAh. Mc 11 A o inq v requircd h, w a on mv , I WK V lycr
87A) to comb i Sw h, W I hW i i Anpkqcr I A 14 qi I W101 BC Ilk; 1-11', 11 ki I U I ILI I1111C 1.1 'TT-).
the & I I F in an ayk-r: 1. Ill [i 11! pw ew pl',)yJ:I_ dC: I 11IR'd 11C_I1L.'I 11 P1,111 [)rl Id 17I" CUI 1;j In
J!Insurance "nwCN to all quallicd IVILA", anhe 11.11CIF ai-id
TO lv�eH&r&
11:1r...x8- � of,ht,., HRS �rww the auturir� to establish ;vd anlend
henck wnnsw% MW Ljvuw. q the I I IF the tATF ;.urlL:wk proNiJc,
pli-c sc r r pt -, 11 n d ri i g., Jit - w. -:. N i ,k, ri, , h ; r - = P1,4,, ( LL;. N I P Pj) 1 L: I T_, a,1,y1 nwd:,al xikl prL-,,�ripuon drug.
and group I& IH,M.VUC to n A t � t. . i rei i r L:c,, .i ni i '. 1 1 z, i i de pe ad L- r i I -, -
- 96
( ( I I "L 11 - ( II It i % 1A \ I I I
Norx, io Ove 13;a,_Jc FimmuEd sf--ounwriv,
lw,c !:, 2023
I 1� I , olj..)%� irq ".0-fle 1-.F 0% ILK" . :i mi in mor)of fl-ic r1LI Ill be I- Of erlip I O� ee, C CTCd 1).� 1 11C be I ];f It
I r I i L, I N e em pl o N ve -v I it, ri e f le iiar I c c i i rrLr i I roc C� 1 v I'l1g, bL-Pl' t I i
1 T 0. e ell I P I L't IL' _C n g he ne fi' I I L:
Acz I %. C rrrrl P"O% k:v�
( ontrihii1iorm V11C ('001111, " :L)rllr kcw ek arc cm2bli',J,.Ld bCh;tptur �`A of the FIRS.
T hv %% as requ;red tO coni:r I r47 I it" , , *11 tare'AK(;tarring in fl-,,;aj "LAT _�fl N T h,�
A RU i epieent%, a (if furd I rig tk,o I 1AJ t I LiL I,� ril 1, ;1F, the nk,m)J I L %N i I I,.: ii i-, the
cost o I t 1i e oth e r P,-);.- tem P] o�, mc n I hc n u t I is ;o Ir I liuia!d T % e.ils- of w.--% Ice: mid 2 };fin
al'110T11,111ii,on paymcnL %&hich is a catch-up pa.n I c r, ( I r i c e c os,1 � I v fu n d the u Ill fo n de d
,- i c t u ari a] accrued I I A h I lil } o, L7. r ON, L: iie %Lt t h I i v% % ea rti. I L'r 1 1 i I I year u nd ed J k pile 16, 2 02 3.
omtribilwon.,, 10 the OPT:B PMi li'ollp) tl)L- q 1;'!r tk,tjj1:d ',4_',') ; 0,000 kA hiCh FCL,1.1111�d Ill all
L'I %] Pe C01,11 1111L.ItlOn NtIC Of L11)[11 11" 111141CI) A' t. md- oil ploy cc pay fq )1 L
r, c r I I i i lo c.-es h 1 rvd [) T-I 1.1 F I I I. I I I 19101, Ilic r lu 111} P.'.t4 � Ile elin I e illotiffi 1} licit I I hca3.(,.
pj..1111111,li f . Ol n1l pl.:,r Ct:, T.-LI 1; 1 Fl.. %w I th I Ir 111% .,-V k:rkjlted wnl ice, ami 5i:Mu of the
"'Q!, kf Ill k-C , rl"I k,! v j- 111 c i -, 111 } c a rs o I" c rct I I 1`0. 1 i Vhc
I -,-lit Pa_% .3xOU - L:..', : -.Ir 01, 1 11 1 1',Ilk' I".- 1':-L: 7L:V_�',',:1':%C Hind'` bLA 1111C lW1 0111CIF
PoNW111plo-,mcm benefit o, p II.I Ilk I I -I I f. und.
r empJoyccs hired after Julie 10, 406, 1- 1 with fewr than 10
M3e-_, FIOCOTIITil. I L) r ', 1: u -Ing with at icasi 10 year-, bul le%,%cr than 15
% ir% I "he Cou P,-, r.I 0 "'0 o I I d t m P1 o" m ki r1l h 1% M Cd I C'ire or Wn- Z: LjplpjLk)1 hirrd �JILT .11.111k; '(JL 106. and "ho Felire with at leaf 15
CAI ark of se rN wv, i h e ( L I LI 11 t.., pa 5 = of the rct I rA �n lipl L)�,
r I L r i F k I 1� J i 2 FC: r r i, i Mt:, I I Ca rL1:=!k'rlrlLiin f or I liobL reiii-Ing W. ith over 25 years Of serb ice,
I11k, oljldlk P.Lj,Ms 'Lrje :11( Irc I I c I'l C I ii ill ill,
I t)l jLl1113145} tr 4- s h I red :i fiter J ki ri c i 111 11 t I kN I 10 ret i I.e Nk ith t'Q %% L: I. 1[l . I I I I C I t
J) L:- f fLi11t5. ni A es [It' L: k _. r I I I 11"L.1 111 4 11'- 1 Ill I L'rlrlilg %Nlith at leapt Ifi t,c;k1',i 1 fu r I I; I I I
Wl%. ice, the Coimt.% px�,, �0":, of flw refilled ejjj V I k) eex L niL -m 11 k, 'ACLI icaru t5r w I,,
ViLA1,11:111 0 j)I'dill b iUM .- 1:'.A On ?lie suff plan, I or cill ploioe-2, hirr I "..'i J I I r ic 3 200 1 1
Fe 6 Ire %,, I I h a -w fewer Than 25 year. Oise!-% : _c. 1 ;)unt-v pa) o of illiv
I c a re p:"- r', I u m", fo r t 1i o'w mi . r . iny %i I th o%,cr
refired or ri:m
)Car-, of the entife jwakhcat-�
- q7 -
Cc'r- YOF HAWAII
Notes W the Basic FinaTivi:fl '%t-,iT6•111(-r1jS
June 10, 20!
Inn done emphlow, the cmphjuc� omwiNoWn, ase hased upon nanknEwn! adkA W
hor--)-mimg, &-rcernents. Emphs LT % "HfINO "MI Wr employees not cA tied 11 01 W&VC
1.5,11 And 1-(Ir tC11rL-L-', ;11L' [)1V',%A ilWd [x+- the HRS.
Nci t )P1 R !i,thdil v TES,' ( 'owrirl, HUr. H h-&41;;-, a; of hill I . 21)22, and
i7x i;d s)P.B JJL°r ()J'k I5 :jd.'Jljj�, w.j, docrillint-d by ;-,I]
t:,;i41 .)r, 1!1ji W : C M cn: no z,,� the nicaurement date, Jul�
1, 1022, arki :he rv"". . �.00 , pn it that are to hai ° -i �kmific;irit effcct on
the no UPE B . w ; h
the teat ll 1WFH ANdy in the July 1, 2022 iiouariall %idkmfion
wa7i-d Murnplions. applied -to all perk & irwludcd in the
nwa,,un;n-len'.. un-t,,, otherwise specified:
I D fl a I ion
Salary increase,�
Payroll growth rate
In eSt]TICTA TZI(C of rutjff-ti
HK !
Part B sk Ism inmuhly
w,L%nii ibution
Der 7,-! 1
2 A OWN -
3.75% - 6.75%, including inflation
3,501%
7,00%
J011 rates of 6-4W*, declining to a rate of 4.25% after
22 year-,
Ind is AaW of MOM11a; declining to a rate (if 1.25" Ater
2 2 1 Cars
I n 4 W caws of 5,00%; WK in i n.L aw 4.2 54
after 22 years
4, 0 DOT/0
U-000/0
MLIIFI,j Irii� rates Ll -:ed in Ole SO MH M! x A ma On a, of lulu 1, 2022VVUC IQ In! 011 thC k d & 1M 0 1 1, -
Ai�ti�c members Multiple% kil the kllplocc hlblus iol CillploycCS
bac'ed on the of:cqlvml;l In ol, Ilic r1wril hcf.
I 02q rowees I he :M Public: Rowe" of Hak�ai-_ mortality ial-flcy rates are
pr. anwi on o AQ ;cneradowil f-,isii b� the long-l�rUl 7;11CS, I \11' IfOrn the year
D:; in, %;A �auhqdhys and seiba�-,ks heed (in plan and group eN,"Cr-VOLC
1) nahled r:'.ne� - Bast TahIc for hva! ih� nci irets' occupation. set for%%Md I � i:aTL,
-.,rojccfion timing, the I AUT the wear 'u.— Villinium
tkir rnallcL, and 2.5% llo- :L:iriles.
- q8 -
Notes to the Basic Financial Slatemienft
Jury' 30. 2023
I III Sttft1-i.91 'r.1l%njptillni Ll1& 15, rho.' .iul'< §I_!,' §ILI i7ri.?lt kkL'y bond on Ow mo l l4'rLx'c
'1110't s,t>b4ring the h%c" )s,'m I;c'rir"l 4'rIr.1111L' .IUUM +tl_ :022 An miL1i.Iacd h" 1fit: HA"
I mploecs' Retirellic ril `- y.tcttt I I AC)')
I Nmle lliscc,um R;iW ul TOW, was ulwd k) ttimurc the is>1ti1 + PPI H 1 abilky. I ILL% shiple
Rmc klaa famed on fire erpeacd rwv of return on OPi_ B p,un inve%trtiem% oi-'.00-',,.
13c Isino,!. x% �h i` FY LIY cQnthhutiuni, ilia [mdog PAL, no thA wnq oI-1la mi k a) pay
the vonimniended 3mm lly determined o)ntribuitim, based on lawred, closed
sFIT ct1l0rl p-t:rIr, Jul} 2020 11`1 (.10,C MOT s c+ffliee uc tliC Tcn111 An n
ry I:itvd 'Lo the Co% id-19 Eningen y. al km ing emplqco of the I I T F Ui ,i sKnd AU 1 68
AV ArFurOns for fiscal year ea ding Junk 30, 2021 and in,zead "In it their COntrtbuti0ll arrtuunts
is ()Pf R vwets dum ibis rcGef pun icon related to OP Is 00Q ass urmrrt vd a, Q
ti'—i' %e:1' e:::A-d .Tune 30. 2022 and 'I.?_' S to Act 229. 1 "oss MA 2021_ I he
I l I I ' .. hd nls uar� nel pngh nn7 i1, �� is s[I c x and io be avai sat• se malh4 A I I�r��N turd i�urtutrG
ILt A pa) ri enk CK �LI'!'�A Man mettOv! I Wreforc, the long-1.ern) eNpeclud rate {7f sviurn
di 11K, I I IF `�, ins %vv' ;kpplIc ki r,. :ill lwriodq of pn jrke cd beilcht jmA IIIL71111 to
kit'rc`1'111HIL- the roluil ( }I11 11 11;hA)IIII)
I hu lai el .ilham li n JW'WY V°;l llii,il;`k" d aWIII li1m raves of rount Ave C'i uh 117aOr asset alas
no N1Ir11Rli Imd hi to 50Ktkax "a,rl?-
1..�.�,�- 1 erj71
tr,�tC �4 1114:4y.is+i';
I;trv,,
1'va'ecmdR4° I
Ulan...-o
AIJLX,1t1- .
�k--tc . , Reltint
Uoinal equity
2150,i0
6 620 o
Pru} ate equate
121011/0
11 Cot,
Real msm
10,0010
(ra 40,01
T1-+rnd; 1%mg
1U.00r%
:} Y.,
Private 0-4rdit
8.001%
6_390 o
l ~tfiiCWC11F
5,00°a
8.045
111crntitiwt• ri,1
5,00%
3.740%,
premia
( r14tbal options
5,0(Of0
4.451%
Reinsurance
5,00%
4_814%
TIPS
5.00_%
1.351%
I A]0.0Q°�
99
COUNTY OF HAWAN
Notes to the Basic Financial Statements
June 30, 2023
in the Net (IPFB liability:
1 II(: lk,l km 111ro, �dledlllw per .. cros the whanpe, in t17e net OP1;1.3 liability Rx- the .fiscal Year
e!nd nc Junc 0- 21.I2 :
Increase (Decreasel
Total ()11l,'B
Plan Fj&t iar}
Nct Ol'EB
Liabilitt
N41 Position
1.iahiIi1v
(i)
(. b)
W-M
B3 dJnec at JL111C 30, 2022
$ 601,313,113
S 2Si 09M
31.UO3M3.
C lla ll`.gc, s for the Itscal year'
Scr� 1cr Cost
13.200.4 3
--
111,200,991
1mcrest on the total OPE R liability
41,85-7,7:81
--
41,8781
Elatplo�er' Consrihutinns
-
39,439,395
(1Rj
Net investmuit inconnc
—
(5,4 , 0,1 14)
13crtc:ftt pa1)'ntr::r1ts
19, 8 9 121 121}
(19.89L212)
Admitaistr;itive expenie
(2 ,126)
2,1,IL-76
C'1Ian ges t3fa ssurnptlnn
(14,475,674)
Difference het wcc.n c•;xpectcd
arid actual experience
(50„903,860)
(50{}11?,1 (60)
O th c. r
Nct clliilll:".31,21
i,9s)
—[ L. $__L`'::','�,''`
B;flince at .Itrne .30, 20-2 i
S 5 7 1,.j 0 1.431
S 302A921,573
$ --0,1 5,%,, b
The signif ca[lt changes of assunlfltlom In4:lttdcd t11c ctpdattrtg, of tllc demographic Sti4L!III]),k 11 ,
during. the lnuJ.surc.rncrLt period.. to reflect the 2022 FRS AC(Lanal Lxpc.ricnce Study and
the updating of the short-term healthcarc trerld assurrtptioris.
Sensitivity a}'flr!e rret (1PEB flub`ffry N r~hrrrtgev M the discount rate Hic follov ink. pr"Citts
the net 0PFB hahilit} 1}t'the C't)nnty. ;IS WWII ai'> w17at the COLMIN's [let OP11-113 liability W01-Ild
he if - it Were calcttLItcd thirst, ,a digc.,�um rate that is l-pertic.:ntag.c;-point l }�cr (6,Of�%) oi- I
pmx[itagc-point higher than tliv current discaunt ra3te:
I Decrease Current Discount I n.6 l ncrct'1se
Counc�'s net OPLB hability S 356,559,610 S 6 � J 7- 193 134,.34
- 100 -
COUNTY OF HAWAN
Notes to the Basic Financial Statements
_1LIne 30. 2023
,Sensitivity gj1he ire? OPE-B fiability fc, changes br the healf rc arrc: c o3I frelid mie s The
following presents the. nct C PEB liubility ofllie Count\, ris well as what the County's, nct
I'EB liability would be if it were calculated tisiq a Healthcare ccrs! trend rate 11'1.rt i4 ',-
perre ,ntagcpnint lower ar 1-percentage-point higher than tlic. current lW1'-L1tliCJN Vk)t 1rwncl
rate:
Current
1 lealthcare Cost
Iu,u Dec ry a sc `trend Ratc
County'S net C)1'EB liability S . 9_M4901 S 268,175,858 S 362„3171831.
`car the Year a idcd June 3 0„ 2023, the (`Hunt} recognized ()E'1 E3 expcnsc of $1 7,485,3 18, At
,tune 30, 202.3, the C'ounry reported deferred OLrtf7crws Of resOurces and deferred itiflows of
re�c)urces related to pensians frow the following snurces:
Uiffercnee betwctn expected and actual cxperier>.c:C
Changes of assumptictns
Net diifft�rence between projected and actual carnirigs ol)
OP11-113 plan investlTwnts
f'turnT, contributions sub,eyLic.:n( (cr lhrc rrrcttsurk:rrwrrt date
TotaI
L)efcrrcd
OLMIOM 5
Of KCULIrces
_3,8
70,71.�
�,781,428
$90, 77
12 ,9 10,000
X CC rrtiil
li.ti,�.>i3rt�;
Si 06`, 6
14,308,660
$42,9)0,000 reported ;is deferred outllcrW; OC rescaurc:cs relatedt;o t1w ( oLmty's contribution
to tlic OPEB plan czuh.�ecluent to (l'le mea,'LlrCMCDt date: xwill be recognized as a reduction of the
net COPF13 liability in the fiscal � L:ar cn&d Jime 10. 202-1.
Other am0Unis rcpOrtCd Lrs &ferrCd 01Itfl0We of rek> LlDu e, ,md d�:k:1.1."d irrfls of resources
related to pension,will be rcccrgrli:!.cd in I" ii i, n Q-1LE)k.1we .L� fi,110WS.
Net deferred
lluwsof
Frs4al_ Year I'.nding June 0.
rCw�;htlr' .y
2024
S 16,62?,908 )
21025
{1?_.1r a,fi14)
2026
(20152.610)
202?
(4-,1C12, 88)
0.'8
(12.178.462)
Thc.rv-Liftcr
(9,095,78"j
- 101 -
t'E)iJNTY 01; HAWA1`I
Notes to the Basic )Financial Statements
Jove 30, 2023
Tlie FiI.ITF issues a puhIicIy° avaliIable f3na ncial report dKit iRC I UdeS financial statuments tend
reguiru€f stipplumcntary hifUHTi,l6011, %Nllicll is iv�-, ok}ts: on-line at their web -site
}�ww.eutf.hawai f_gw, or by Contacting diem at P.O. Box 2 ] 21, I oilo luliJ, I I] 96805-2.12 1.
Deferred Cumpensalion Plan
Courit} employees are I,ei-mitted to participate in a Mcrrod comperisullart plain t4111c-laic of
I la wai`i. aadoptcd purm„int l,r hi(t�ial Rc+,cj uc Code tIRC ) section 4-57- The plays permits
eligible errtployces to deC r .I portion of'dic.ir solar}4lntiI future years by Contribtilirlir tc} a+ fUlld
mail-q,:d by a plan The deferred compensation amounts are noa�,:til,tble to
employees until tc.rininatioii, rOtrOUCHt, 4lra(h, or wiforesecahle crllcrpenc%-.
All plan assets are held in it trLISt fund to protcC.t dicln trurrt c.13irns a;;f gcncrat tir[ditcrrs and
frnln diversion to any uscs of lwr than Pa) Mg. biencf lt� tk� partic iparits and 1-�enef lc lades. I he
C'csttnty has no responsibility fOr loss CiUc CO The iI)VCSTr„esit 01- fatiltlre Of inrestluent Of fLIMN
and assets in the plans, but d4Jc. 17a�e the duty of due care that �wuld bc rcquircd of ari
r rkiiilarw Irrlidcnt ill estt r. 117erefslru, the rJcferrc l c�+rnperlsatti++n €�lt1rl assets are nol repaired
in the accompa ll} ill, 11-miw I?ntiiicitll ctatcn�crlts.
15. COMPONENT UNIT DISCLOSURFS
DC11osits }inrl lnNVOTI ntr
At Junc 3 Ot'IC3, Oic inimotim of cash. time certificate,, ofd42po-,it and rrwriLey ]]]arf,ct
fisrids of Sf 0.-20,601, with bank balan cs e,f S6t.204,673 xvCre lield by the Count} on behalf
e}f the Dvi};irriri nt. Thew balances were ftltt, insured or callatc•raaliecd v,-ith Irtld by
the C'r.LIMn ,'s atc,crlt Ili tllt C(MI'l1'.S T1tWI .
The deposits and irivcswlcritzs inclu(4: cash received Icy the Depauime.nt that is restridCd aS to
use and is ri:cor&d as a restricted asset. 5LtCh funds amounwd to S888,225 aT June 30, 2021.
Capital Asses
The L)apartrrlcrit began operatians as of January 1, j950. At (halt date, ilic utility plash irl
service "as transferred to the L)cpunmc w Imin the C oiu)zy at the co;t of the utilit}' plant a e.tti
tre:(]tllrw:d try the CC,trn13 fC'r ire waccr s�-- tem frcim 1.111Uaar�, I. I qZ4 to I)"crribi r 31, 19 4(), le;.
accurnutated depreciation, pTIOr 10 [011 -,tnd acgtiitiilions b� lift c;r irrilnt pricer to
1950 arc not inclodicd in Utility- plant. Addition,, tes utility pi,irlt S1.11" JtiIlu,11'y I, 19�0 irC
stxcd fit original cn.�t and Include contributions by agencies, privare subdi� idea
and cu.M liners m their coM or CStil110Wd L:QSI, t OR-;tI-[JCI!i0n costs Include amounts fur lon(raut
)4orl._ ciigincvring superx ision and other dire,:t and indircct Costs,
- l ii2 -
J,. k 11. "". i Y (� t.-- I I 1 �� A �
Am to [he HaW vinaocimi StalcuivIUN
JHHC 30, 0011
ApHashm im ',hL- Dc�pisr1FTTCT11'b 100) PW =05 in iem sce is cumpt= 41S1I19 the
oier the UICIU;I4CS Off E aS.Wlsas folliuws.
Structures, and imprwemen!.� .10 1c) 50
h4achmeq wid culuipmem A N) 2 A 10:1 r-S
NV ate; S, N1 vn I N 10 k, Q v eam
Me miphal assels it I he Deparlm CM m Juric 30, 3 ,kere aFol lows:
Dt pre k. �,i i 1: t` ..I a
1 7 1H, P&A in Sm . me
WIN 12,175
1 t, a,2c%.mt0atL7,J depreciation
0 2 V wi-Ij
280,502,753
NondeFCL Mhk MCI,
I' FV I i 111 i IM FA N1 2 V% L) A F I d, i TI ',,'C St i it," charges
1,416,10-
( tMAUJUVI Ilk" k in ProFre"
UHT 12-1
1 and alld I HIM
Tj ?PQ 0
Right to um. IcAw.1""N
Land
IQ il
Equipmew
A
muhva 3 m n n m
mily$
R h, � 1 k 11 1 . K,w I , 66313
j 4A 15
%11 'MIJ: ASM. S206222 A-1
103 -
COUNTY OF HAWAI`1
Notes to the Basic Financial Statements
Junc 30.2023
The I'nilowing is a summan ref changes in w:apl ,al during rltc fiscal \i.ar ended June 30,
2023.
Nonderr---,:table assets
I ,.• { n1 rights
r, survey and
1,A in progresS
i•tltal r�a1,:r; l -,ets not beItlg
d01)I1-, 4.1teri
I IL-1)I :ci,ahk asset,
t "rdity platy in seT. ICC
:ulatcj-.FfrrtiI'll r�4'
':i! assets b c i n g
.'ed
r,r use lease assets
I ,�nri
! i;,ipment
A,1. rr1U1Xv n
LOW
l tq,tl 11:'hI It} tJtiq� I�,o tv :i4' f'tt
?? r h., .. �RITA assets
.t. , ;r..lstcJ srn�artirsaiorr
1 of l right io use SBITA
A"SrI s
assets
?.213.' 19) 3641,C,
19,93', W 7,825,12c
27 474 9 �,237,3tj4
594.553,473 20,519,63'
?78,073,457 2,646,94]
--
(��5,6,226) f^((55,7626�6)
LfcitrZ�� � ..�.53li
p 6flw f3z.9y.��/�■�]
-- 66313
1 •�, l I {
LIDS 6329 S.I £?F ,f 18
Roirements' Hatancr`
I r'LlINI IS JLTIC.}U�?
S - 5 5.376.240
I1,150,9RIj
1,416,107
r I'+,J,73,88�4'
8.689,1 2
(20,, ,30,1165)
15,481,469
I,[91�b83 (31,3:�r+,'�
1218,047) 28o 's
-- 226.050
_17 L0
(11.252)
. 4
y�9oh
._4.
66,313
099)
r L `5
$ 2W22.885
f ibli,--Term Debt
1 n11% _.as issued gencral obi igation fxmds tin behalf of the Mparintent. The
�_l �,tllt� Itt :; respQnsIbIc for the payment of Ihr: J01i ,cn ice on these funds. but the COLT ot}
r::I":ti+rs liable because theN are general obligatic-ii, ,_,,Cthe (',1;1r1().. I he Department hay
r-�,. ;lied a liability for #ha tic gcnerai oblig,anon hands. whi,: i amownlrri to St7,871.88t1 at June
30, 2023.
Now io Ac Basic Financial Statvnvcnv�
(jevicral WipaSm Kods pqahl!_C:1 .'_ I'd1,:11 m the Dqmoiiieni -.mdwhir long-term debt
al J unc 30, 2023 w c vom W iwd uf We h4hM 3M.'
Public j1IIPTo4OWk'III 15k!lIds:
2NIS Saw, x 0' 1 125IN dwQ t"wah 1043 1 05y)
PubhLa jmpror�cmcnt refunding bonds:
2016 Series B al J.0',t lo 5,0',o, due through 2026
2w fi F at 2.0"o to duc through 2021)
2021 Series U & 1) 'al 5.[)L",,. due through '029 1775J"o
t "LDA Rund #R- I in 20m. duc Koji 2057 t 1 05MOO
Rk-- olh. v',g fund,
4 1% RAnk KP Ond Kam If' enst up i o I it,
-. r;) Ll �'I -, -1 (1 'j � __552L7 �039
T,:,tal lom, ,eiw dehi 7308.919
Add L nnnianded pronium 1,096. ST)
Tool $ ' I "On, I A)
A June 10, 202 1, fm wiro pno, Q I 3nd inor"t ju) rrumt% Vc,r lori�. .eriii Jchf .ire �vk,u,:t:d x,
I 1',L.11 'I �:,:I VIII]iII2
IMIL '10
J'r 1 1 I, -,pjj
1, qq "S j!
AN
I lowilm, 1
1 1,453.472
S 7cl '44.123
100
AQW070
1.776.01
7.563,nol
)ON,
6,411.1 14
1.1 OIN 50
7.5470164
-
61,600,693
927,412
7,528.i05
8
4A32A71
"8-1,456
5,617,127
26,74,5 20
7,62k72 1
23 AM! 241
1,253,303
16,465,023
5,347-052
110,195
SONIC
044 -
204S
675,024
180.666
855.690
2040-
2061,
-.1 91
110,409
855,690
Aq, .
21- ,
b A 1 "
12313
_ 611170
knal
573,aQ8.91I
S 10.01. 768
$21770,680
- 105 -
COUNT Y 01; HAWAII
Notes to the Basic Financial Statements
June 30. 20,21
Fbe following is a su m ma r b}f L:h;,? : 4' i!i F:! 7 11-, j -.: r i ng i I te fi sea I dear e n ded June 30,
2023:
Widn"
Balance
Due Wkhin
1, 2QU
Adja;,-jr,sDcrrtAjg
June ?O. 2)
One YM
S1.1te r,:'0hJt1L'funs!
S 5.o80.308
S 5.528,734 S (3,372,203)
S 55,737.W9
S 3,642,227
PL I b I i C I I TLTi ro i c , r i!
bon ds
1P.195
-- (2.161,173)
17,971.881
2384.920
Add un-3m,,-
5 F.a 70
V6,12
_1ffl6.50,�
62X2
TC451
75.07'),033
S 14. 10-5.000 S t5.9,U2JAW
1-74,70,428
S 6.29(UU9
Contributions in Aid of Construction
I hC DI�P;ITIrn,-gin! Tecogni7ed S I 0,�71,824 ofconTributi on sin aid srC011-.tTUCTi (In ",'r ',11,: 1
� C Al' ended j 1ri c° 10, 2023.
Other Long -Terns Livibilifies
the followill , v v� a S UM M a r% o !, o4her Ion g-term ob] igation s transiw I lows for flit: L, 14 c,--j v
Cr1jC,j jurie,M), 023,
Balance
Deduoion%
Mani:(-,
Due A 0in
JP-1-}.]" 202,
A.dJ i I i o Pis
Pal pic n 1
June 30, 02, I
)n C `: v dj
Li-,ionci-s' dcpo,,ii�
I o.-I ;9..98
S (51 '1, '1 -%
$(
S 4. (1 1,41 R
$ 100,897
A4:crucd %-Lwxivn
9-1,707
r 1 �,253)
f j
(14,0)
'k L L ru ed %v ork c r,.'
-"0MNnSjtPoTT
3N.Ow
—
89. 0,1111
1 :'.4.ses pa>ahk
259,086
17
14,
I T A ab r
$ 1,00
( ojum i i nic n i, ,roil ( 4) n I i ni-,en I I -i.i bi I il ivs
lei inis and j u rig In, - 11f i r r,:.'
-md other peri k I lie I Wbi!iii.N. J 1 .Villa' M, 20,) si k%, rL�r�' k,,;ri i pew,ii lorl L'1,1 MY, Of % 100.000
41"I a com K 1, -41 r, and i1w xplr']!-,-ai -i ii , i h
Corf vrsiction colurac. i- The I ',�, "NalyLtled -.1 rldvr ---oll"truction coriirao% I'OF ihe
uti I j1N plant and oth,,- pro.ject,, `such commilnwiw, approxim.i(ed $11,0022,864 at
!Line .10, 202.3.
- I W, -
i I r,,N I r trl- II.1��.\I,I
i A v s to the 1:ta0 c Finandal Moments
June- A 2023
F'd-twaia.maa flan
Pe/r.sion lira'hffifies, pension expert.%e, and deferred OvIf awa of revourc ei rr,rrf ilt.'1e'rri'd
inflePiv%(!f r¢e5vzirt'e.v relaiedtopeetxion 5 NI .1uw.- 30, 202.3, thel)tpxtia cni ;� �,y4a1:.i ;;
bid htl a'' '}i3A89%325 for A , 1 ,}Fryti11i1'I1;iv We of he net pe°nsiou Ii.0):!o% I Iac iwr p,.-j),,wrL
li;ihtiIit) was measured as of I w no 10, 2022, and the t<; a1 ven,ion liabi1A:d rI} CialculMr the
int pen6on lir b;.lit� %,, a,� dear nrnIncki h3 an acluari,al %aJuation as tit i.l,..�_ :LiC I lic.
Depanme=nt", pr.�rAuikn of the ns_:i iwWon handit} was based can a prgmcikm Q +foe erripbl r
comrihuiions to tho py „ -a ,plan Mw%c to projected cant ribut it, n->of gall partwcip,atang
At June 30, 1027, the 14 w t ph p . i ",o " v Ach 6 the ate a,% i[s ptuportion
measured asofJu-,w 1
Far thew year ended Jura} 30,2023, the Depanmeael ree« gn ir_ed pension ,. xpcnsc ()f 2,6 4,?55,
At June 30, 2023, the Duparlrner,, IVIU riM dk-t-krii.4i {SWIIk %,, Of dlki 41eleri-s.:d
itil LMS of resources relavd A5 p4'lnitm ilan 1S h4ls. wing sources-
Dctcurcd Der rred
Ourla N%—. Irttlo"t� , of
o !Resources KesPuPrr eS
DiF"fi:rence, bemec , k�\peL:i A and .st rual expt'riceicc S � .1.1ei4 5 (447,321 }
Neat difterence betACen prujeertrd and actual -L ;arnings
on pemLicm plan in%estmenis -- t,337,368)
Changes in assumptions 45,338 (391,928)
t 'mice, in proportion iitid difftrcnkr es belvween elnpin3 trr
c Nnhhuhnns and pra poFtion;aii- ,h are of'conlributions 797,771 (753,176)
epaliment c>ntribtrficrns .:ail,, a.l�,w �7i io Ilie date 2,51 YOU � .. ...
77
l}c" 2, �i� f3�1) F-Q,),,%civ.I ;, .It:ferrcd ,maaMo%sof N -Pk 1 uroes ;,7 icd to the rkparinlerit's
the P "" m Y hri xO .que nT 10 the inn a5urenw-, 41.1fc %all he recopized aS et
W;.,w:twa no We =-Le:t pcnmon Wilit) w, [he fiscal year ended .June 30, 2.424,
- 107 -
CC)! _` I 1- ()F HAWA141
Noicto ffic Basic Financial Statements
June 10. 2013
(Wicr an-iounir, reporled as deferred onlMs"s to w-w.cs and CLAl!"! WW',n re-V A., -
rclaicd it, pen,,ion;; Nk ill he rozogn ized in I)CH Si4 fll L as i0l 11 1%% ,
tic! Down'd
KwvAvtrFndm&"w!W
AD WV27,
I > i " ! W? 11
2026 4 UOROX % 1
012-
Sen5iriv;Pv of Ole Shelet, o) Me nei pcn5ioti habithy to 0/1
fift. ditt-ouni rafk? I �Ic 1L'1',1I nt-�
p:n ioii hahtli(N cak%klalcd w,m)! ih.e drcomoi r;I(L' 01 .00' -1', ',NCII &. ',% 11,1f itti ?Fl 5, if I It .11AIC
'11jft- _ flI(L J]Ct pcnion NAnk; "ould by K A nwov U,ubiud wiiw -i 'S 1.
W I , C H I A VW I " Ot IOV,Cr (6 00 1 1 ! ocr.�.nw, IA ma Who t A my' ; Tx OQ om"w me:
M 13ccresse CU: rw 7 7 11 P. v K " Am
kb k 0%) Ran , - w (&UW .)
proportionalc
the no penhia i i I A" 1 0014 1 34899325 S 21202A77
Peii ioii jdair fiduc iar v yief I ?v % ition Oci.Aed inronnation about the pwn%ion plan'-. i-iduciary
Annual CompFeboisix c financial Rcrxvt
'11 1 Ak..! L ii fliu i RS
11%;; % 110MI MORMeN - vw! mkj.,jred suppler, t--ri tar4 infannaidon,
QWki bi MepensOnQu At June W. 707 K Te annual aw,,,!, 1 p.iNable to 1hc EKL�,
101iliOl '!'() 1),0.3 1, .w hiw!-, rc-pTCLe01', llihCF1kil1, -% (1 cowribuficT! I -'I Illy m. .:1ih of June 20.21 w:d
an avenwi for exce,,,, j)k'W114 )I I k'k -'&I jkttj'j I)klt k'4 1 io flit: Jhcal year, elf WttWkCd by TIRS,
lllv�l kc.li r enlenT 13(•nv111t, ( Wwr Chad Pcw�ii)ils 1( )}AEB)
Nei 4 )1'1:' B lift hilil% . ON H e xre,n k r, !jl;(/ iL/f,/ evrr,d ojqjl;)K-1 r1l tt'S(Wri 0 WIL/ del-L-ired -n.fbows
{!f related t,A ()I'[. h t. J i, . .'I'. I ! I i i: If ) :: [_ ' r I C1 ' ' ' ' t � b . ! 7 -z t I I i ' [ i i
1)!! 41 1 h 0 ; w 1. RPE H i i A & a % a j M 0 15 U ry d w" , 0 h I k D) 2 1, a I W : h c 0 1 A I
I'l I 1 1 i. I i t� u ; e d 0, c a ko K 0 e n 0 ( 0 1 1 i i V d A 4) u a % d o c r Is H i n I h an a o no t A I
t.lIkl:lli,'lla-, ;]' 01,11 &IL. j .,r r hv �, E:LircTidr,l hw,- C3. flic I lxr11o4i recogn i Icd ( )111 13
e4y- w $ 41-7s "
His
�', 1 " ' TY i &1 11.`6.'41
'Nita w the Rmic Finan i-Al Su?renik:nIr
iijne 30, 2023
At June 0. 2023 the Department reported -!charred outtlw4s of resource•* and deferred inflows
of re5c+urces rckl, d to pensions from Iw 1+- kmirV --OurCc:
Dcl,errer,I Deferred
OUIllur,S lnflow�, of
cif Rt�(mircc,s Kesn,�urpZ5 7
I �Iffcrenvt! f}4'I'<41%-i1 �"\IIk-CT{,'A 'ICiL.I Ak �IC,I IL i:.,,I)IerLk: C' � -- S (4,560, 114)
Changes of .I,,(jrrIt)FI,iIL�
Net LI flV,-t: c I.ler. -4k-L:n projcc; ed and actual tarnings can 0P£B
ITr Is1'� s.a[n3�ItC
Employer cow ributlnns. subsequeni tv the ii-,c,. ,uremem daw
1 eta
-- (92,M)
$ (5+771R898)
1,961.000 rellOrrs'LE .I dk-i'crTcd oufflu , , of rr° our,°e� related to Ifre 11cp rIment's
coniT-lbui nm . its 11w i ►1'I' 1S Ii1.in mibsegijurLi I1} 11iv Illcamirat ere d;iit. III IW r"Ogrlwed a�, a
reduction Ld r1w nk-I CPH B Iiability in the IisCA 4oar cTided J1.:i w t41, 'fl'.:
Other ami)uiY-, .,1-1f:,%: - I'> deterred outtlo LEI rt:so irl�L''k .'.II d 0'� 0 LINCS
related 10 PCT1,1,- • '., II: 1.v fe:.: �a;;/ed in pension ex I, , + I� .
P c:al Fear I ilidiiir, .ton .30,
202.1
202"
20,26
2027
Z028
Thereza hrr
*yL- F)r,t ,
W3 3 7)
- 109 a
l l 1I t 1.111 . VA \1'1
Nom� to the Basic Financial Statement"
t hon�4v,, in ttrr Nt'I (*'f.R 1.,i; lbiIit�:
i he tt'f1 �' inii h►Aufta pra:-wcrl, i; t..,.s'I, ; - : no OPE13 IiaNtiv, for Tfit� fi ai ):eLl
ending Jur1a: _io. 2023-
1rEwwci'" I,1W r'm%Ci
1 I^al 1111 11
Pan i ItIIIU]^arh.
'��i. ()Pl B
I mhility
Net V.1"awm
f iuhili�)
(a)
111)
(AW;H
Balance at Jun+- till.
05142211
S `r) r, ;
f,
iAnwes fnr kc 1_r:i:uI )oar:
No A 100 cost
5.4* 2 ;
- . 2 3
-.d o-n rht TMI OPER lisbilo
' �81,297
04207
:-.:r n ",^, ; - contnhlatmns
--
2.14f3,{1!(u
t. AM)
B.'rwr-orlirl rl i±tw
(1,21:1,715)
(1,213,7151
a��i1mukk,Ero' i%(: L.�%Jyd`];!tit"
• .
f'AM)�y
+�p_-
,283
I)IRCrc'll+;`L 11mccn enpeeted
,aNd lGaml a% pamwe
All 2,836)
_
(3.1 12036)
..'slfassmapiior1'i
(I,?l�. i?j
�.
I.f.'13.'Tf )
" ^ e!
-.
20, 781)
_ (20,7 891
t thanl cs
WAITI
`a t, 8L
t� 6 9,�16)
Senswor 4 Meg mmi OPEB Jobrl q w orfrrrq es itt rhe dkc ocart rive I hL fi,I Imp irttg, prnen(S
;llc i+u6 t "I'l It I,^rl7 Hv ,I IS l)5 poinl7io , ,n " vH .I"• %%hai the f?4'p11s1w st im t HI R 11;1Nit'y
V-0uld boll 11 x%uv Aar amd uMng a rfWu oral roc -Um k
I •���'�'alr;9 :a` 110111L Ial;Owr (KE iNT Own ills C11f1 10 A4^ Unt rate;
] ° I),,`,;I, I.,,- .-ncreasc
SPrrMr'rfa' rj fhe ml "PER IfflNNy ra, char1gn in lite ii'eaffhearr cdm freed rilfci - The
.t..l{.,`^.x If'li': l'rt,'�•t:; Jw r1.t 4 WF 01 LJA Depanrnci ui. a`:"'%-ei1 as k%:s�". �ra4; Deparvnent'w
rit 1 {.1lrl fs Ir,rk>illt� MLluld n If tt )�NL 004 !!I^M uhNg a healthearu nal vc` W nisi: Owl is 1-
perce nta, Zhu nt ft wer or I-percenroy punat h jor than the current hC.L1 1CW-i: crust Creed
Mtt:°:
Department's nct OPEB li.albijj(C
Quent
I Iealthcsre C ,;st
T% Decrease Trcfid Kate
S 3.503.603 S 7.812,170
I ° r ITlcrea�
S 0 `6347
COUNITY OFHAWAN
Notes to the Ra,-sic Financial *Late ments
June 30, 021
1 kc I I I I inues o pWAv) .% w1dow Am& repori that financial statement'-wid
req i i i i cd ,to pp I cnivni !r� 111 i'. W! I t; I i ii 5T1, %%!I ik: il P, i k A 11-11)] L' i M- 1 i 114- .11 1 h k'i I' WO)-sitc
my"muH Immaiiijok m b, ummiNg thon al P1 1. Box 2114 1 WHOW 1H 968092121.
Prior I't-riod Adjuslowitz
`� v I :'. ... I .' — I - .1f Jub L 2022 ha; moon rvywed as a mutt of a S 1711362 incivam; pi ryvQ
J - w ' m r : r, r e lawd to i; x pacd Y% ate! C:--; n a MO-,l Lk POSiES that were in IsAsAfied as a
MW \ mid a hould hmc Ivvn rwo)gWY yin mcmi:o pin to Jmv 10. M21 Ad 10mms
m'vr C I I I ai 10 1% o- kle%tiTc as v a We 1 0 %anUIRbIV11L & In nit I iUbi I it) h) \S. I I o 1, -101 �; it! I F1
'011VOWn; inmaw HI eamod OWTO CYAM (Nor UTUAM00% MCK& WWWANg of
i -N atiso, i,o: ' rl-i,!; vk;Tc in VIOCC rr!or 1(� June "':. -'022 �� Eli a coi--respond6p
narcume 0 emed wq%s cq' m atuoment of S I 8A 15 16; q I ow oumWamd
smonamOn of SBI 1 A a,.%cl due to G NSB 96 unplememation -dSarmg thL! '-' 'rNith a
� .r I ----sj1(M4inp doc a d v hi earned SUTr. ]NCLILlil), Mid ad.iustmt� ii,,, to Prekri i i rx Stir% c�
111 % q 'I igaTions %I- 1(h ". .:Or r k'. j mding deermin in vanted suTplu,, k qkpii' ro` !;:�4 I 5, -60 LILIC tL'
c mwoko km tif sm mml 11H prijew that Q " i Id We himon roo,pumd Im, a rk J unu Q OU22
COUNTY OF HAWAH
Required Supplementary Information
June 30, 2023
Schedullo of Changes in the Net OPEB Liability and Relatrd Ratias
Last 10 Fiscal Years*
2023
C: 0 U �11 t
Departmen I
I LA -al OPLB Liiibility
Sol we ("St
5 13,20U,981
S 754,223
Inicrcst tm the total 01"M liability
41,957,781
2. 5 8 UK`
Ise hint Pa3 runt's
I 9,S9 1,2 12)
F 1,21 1,71 S
Dit't&,once between expected and LICtUid
experience
(5 0,901,860)
(3,112,836)
Changcw M assumptions
Nor Jmnge in t,)til OPLB liabjlit�
(10,2 1 1.982)
12,204,931
I utal OPEH li-kilil) Rcriiming
bo)j 1 1, 11 A
37,105,121
Jt�tal OPFB Iiiihilil) LnoiiiL
S 571JU 1,431
3 4,90 0.4 0 0
Plan lldilciar) 1w, po-ifioli
Cuiiiributk,av, - cmltk er
S 38,139,395
S 2,14 8,UQ0
Net investment inc,)rne
(5A 10, 114)
(518.406)
Renent payments
9,xg 1,2 12)
1 1,2 13,7! 5)
AdMilliSIF'MiVC CXPCMC
(2,1261
(2283)
Other
1")10
2 (),7 Sir
in pl;�n (-1L1L1Ci,-)L) 1112( I)C-Siti011
13.1 11.03
.131,185
I'LL11 J-1dLK;iZ1r) M:t PQSiti011 - 110kJIIIQ�
28918 U91 2 Q
;6,gn ;,6 V
Man nd,wing no posibon - Ading,
S 302,925,573
5 27,08 8,020
Viet ON B hahwil)
5 268,175,85 8
S V.812.00
P] it 11 I i ki v,, i,i r) r101!r,.117Urix11 U g e k)
the rMal CAA 13 MQ
531%.
7 T 6 11,11C
Cavcmd-anphyve payall
195,866,4,78
S 1 0,326,292
Net 0Ph B I iab i I it; a� a percentage o I'
Plc�} et parN
1. j (). 9:,o
75.74o
- 112-
COUN YY 01" ] IAWIl
Required Supplementary Information
Jttne 30, 202.3
loW.1 C PEB Liability
Savive cost
lnteres.t on the total 0P1?fi Iiabilif
fiendh pynic11Ys
D i ffk: rc i i,: c be.(V,"1) CApL'Cti d aI1d k1CtLLa1
experience
Nct 1hs91FS a II', owl OPER Iit7hiQ
I otikl ON 13 I1zmbilit'. - licgimihig
Pl,t n fidtlk llal,- filet position
C'cmtribi,rion,, - employer
Net iliv strmnt irsco mo
I3OWnt PjHW11tS
Ad ril i 11 i STrrltive expense
O t fifer
Not clmnge i1. I)1311 fiduciary net po,.,ition
Plan ndtwiar3 wi positim - lieginninp.
Plan Yidwinq no pohibim - Ending
h'd OPf: fi habiht}
Plan f duciar� net pnsilion as a pc!r1:e11tLkg Of
the total O1'LB li-killty
tic.t (.JftB I i a b i I i I � as a p.crccntak.c «i
Cor01-011 knlvloi -ee I);L)roII
mom
1022
oanl Y Department
12. 64,2Z8 S 762,769
(l&Xt575) (1,0Q301)
11,731,504
1-868.3 1-1
$ 6U1,313,.413
53 ,105,40
S 18,114,627
S 1,210,523
57,339,331
5,666,092
r 1 9.2MD.575)
(1,063,301 )
(29,421 )
(2,922)
(171 162)
(50)
213,016,ZZQ
NOUN
289,804)00
3 2605.3.6 35
S 311,5U3,693 $ 10.451.786
I & ."". 71 .81.
157 W 916r,',
('01.- TYC)]•= [JAWAIT
Required Su1)l)lernentary lnfOMation
.1rll10 30, -023
2021
ern
Dei)artm nC
Total OPFR [.iahilily
'Service cmt
S 13,182,551
S 773,607
Interest on the local 0111:13 liahi[i4
CA-,-412.2-13
2,483,573
Bale: fit Paylll l lt,
(19,2-17,1923)
(1,036,439)
D';Cl, lrk In4 �)4t 1'C17 w [' 4tC ;]17:[ .dot{7al
e\perience
(39,998,932)
(2,403,749)
17an e .n a7 sumpticans
-- (j,39-7.5K4)
_ (.19-0} J2.1)
Net chanIL:c [n total C)JxLB [iabilit}
(8,068,945)
(373,927)
1,C,t,I1 0I"Eyi JR1111lity - Begli nirig
_ 594,6 .Q ?54
35 61 1 034
Total OPF13 1iabtIity - [-,nding
$ 586,581„909
$ 35,237,107
Plait fide i{try nut pc}S wri
C'onlhbLIU011S - cmpIcncr
Nc.k I[rVCJ*kI CDI i91i:0111C
+, )(,.L 39
.37:6,721
Bien fltpa3 nieign
(, i9L- '1,.123)
Administrative expense
f.;9.192)
{3,01 )
Other
I--,01.7
-...(2,2611
Ncl 4Jm11gt: I r 1 1)1.uk 11l[IICIjir''a r7Ct 1�i :siti("i�7
26,23 1,715
I,"i 12,flf)4i
P1,[I1 tIdLL,"iRFY nL't POrJIIOII - BL:gilming
187,38.4,505
;<},S:i 1,287
I'1a17 t1�141ti111"� i�€t �+4x lt:l}Il L=E1Lll11f~
$ 21.3,616,.' 0
20,84.1'.293
Nei OPFB hahilit', S 3;'2,96,689 14,393,8A
JPIIn fIdLKIaI'-% IM PUSitiun Ls a 1)s'rccnr;ige ni-
d5c total OPEB habi[ih 36,4% 59,2%
C'o�ered-emplovec pa) rcrll
Nct (")IILB habiIity rt5 ca pc.rccntage of
Covered -employee ployee payroll
- 114-
$ i 89,0�3,813 10,266,331
197.4% 140.2%
COUNTY OF HAWAII
Required Supplementary Information
June 30, 2423
2020
C.'A�pFFtl�
lI�1C�}1lrt1t«'nl
—,
-l'��t��] (:)]'f✓li Litlbilit}�
lr,ter,�,�t on tlae [natal OPFR liahility
38. 81 .475
134n�.1}t p;9'YII wrltti
ai18,651_726)
( 1,()1 2,0S-1.
DitY rcnce lk t,;tic.. yt4:1c.1 ,I,141 , tt.l.11
i .} i
Change in assLimptiorl5
i �h� �.5�r
�3,�444
Net change in total 011:13 tia bility
.13,219IM
1,9()'�,491
1'oka] tJ1'EI3 liability fie innirl
33.?03,5-13
Total C11IEB liability - Eridilig
594,650,75"F
S 3 5,6 1 1,M 1
Plan fidracrar} not position
CLJ11trib4J(iU1l:i - ernpl0yer
$ 3`.7'0,000
11,990,000
Net i114'estrlle114 1I1coille
7,187,610
164,696
B o 11Q fit pa\ 111cIIts
{ 1,8,6ti 1 .'T26)
( 1 . 112,094)
Ad111111151ral1 v'c cxpcns
(.19,023)
r.`,,:$13)
Uthcr
8,531, 701
5 , 223711
No clin ,,-, in p1i111 r1ct position
36,787,%2
2,2j9,490
Plan fiduclilr'y' net 110s.Ltioll - Bep111171r1g)
150, %,541
17.271.797
1,11111 fildLIClarw im po.,,11imi - Fr1ding
S187,38A.5()5
S t 9.531,2 7
Not OPFR liability
Plan tidtaciar) r«t position a' a percentage of
tksc total C11'EB liability
Coc cred-employ ce payrolk
No 0PFR IIiLiilil'., 3s ,I 1Pej-cC'rltr'"c 01'
C o,vered-employee paNroll
- 115-
S 40,266,249 S 16,079,747
31.5% 5 .'3°
S 185,575,775 S 10,26.4,425
219.")" a 156.74.6
( O I N T Y 0 )l I IA W.A I l
Required Suppl.cnientar, Information
J one 30, 2023
201
County
Pepartment
Total01'E;E3 Liability
Scrvicc Cast
S 12,056,311
S 698,126
lntcrest oil tkhc total C;1FEB liability
36,036,284
2,264,524
13enetlt paym12nt
(I ",998,013)
(1,{116.548)
1)il,erenze bet%Ncc n cxpectcd and acttia
wd xperiurlcc
(3,679,ogg)
{ f ,1 K ,, 347)
ChLhll#'_e ill Lh94L111111tiOlIS
7,240,956
� 432,,?3
Net diaigr L: ill iol:il C PI'l3 liability
33,656,439
1,193,988
l'utal t. PLB liability - Beginning
5 f?,774 914
1 ,---){19,55�
Total OPEB liability - I ncling
S 551,431,353
S 33,703,5.13
Plan fiduciary net p(),; t.(in
C'antribUtiOns - employer
32,829,011
1,96548
Nct investment income
9,=1?.1, l 56
1, 11 f,. 06
}icrle:fit tlynlcnts
(17,99� :013)
(1,()m 5,181
AC111 inis11"atC�C expense
f-29.2-2-�)
L-{ i 161j
Nct k Iii1:_l. Irl p1a11 lldn:jar) Im PUSIt1on
24,2 5 920
-,(1-? 970
11I't11 j1L i'lC')v 11et p0sLlIon - Beg i11111ng
12-6,120,014
1 r, 241,921
I'lHII hkit,L;inr., 11%'r jI0SICWrj - 1-:11dint,
15O 96,543
]-,'-f. N?
ett�f'l.f3ll.tl'ilit� 100,93.1,810 16,1.i1,7;6
]'It1n iiciu4i,�r� nL.t �cs�iti�711 �i4 G� pc:rc:L;nt�t4c �t'
the v. t,fl OPER Iiahiliry 27,3% 51.3q c
t_oNc.rcd-Qmplo� ce patall $ 1?9,884,3.1.1 $ 10.2i-2..95,
Net OPEB Iiabilii} as a perccillagc cif
Cover d eirplolg e payroll
MUM
224,':4-r, 160 9" c
COUNTY OFIJAWAH
Required Supplementary Information
June 30, 023
Toial 0111':H 1-iU Iit�
laterest oil the total OP[R liability
) enei It payments
Net Change ill total (?l'EB habi Ilty
natal OPEB liability - Bcg, rillirlg
Total DPFH liAlity - Kdin-
PIiin r ] JLiciary net pos,itjoil
4- on(ributions - crnpluy'cr
Net il7r'estn7ent income
Hcncllt popicuts
Ariministra ive expense
C)tktcr
Net change in plan flifnci:ir� net put itivx,,
Plan fiduciar} net p'isition I es}.;nnin<.
Ilan fiduciary net p Ation - 1IALHg
No OPFH WHO.
111k, t;.st rl 0111�t3 lial.)ihi1
cot elmd-onpk" cc piatyndI
"yet OPF H lAN1i" its a powerngv of
C'c.}�ered-cill pIo� ee pit}r,';11
2018
County
I� g"Iment
S
68141.1
34.046,4W
2.1.5,490
17._05-1,987)
(953,288)
1,86y+9,�616
{28�,J748,922
'14a"'1r.�}.". 92
0.1�-17 999
1519,087
S1,867,7A$
10,181005 05
1,245,946
I ',054N871
(953998)
222 )
(2,?92)
33,118,934
2,174,034
10 201 ,f ND
13.0 9,793
1. 1 '.i,. 12U,6l4
S 15,243,037
I ,c? J54,300 S 17,265,728
1, 1 -2,678,405 S 9,791,132
22MUs. 17t} IT)
This s€; wdulc Is imended w; piQe n4 Int,.-+rmation Far 10 years, as of the ireasuremeni dale oFIR
collccdvc. ile((PEB 1AN by fir cah rapmAc Aval par. Additiurial years vvill k built
Vrospectivd as i�rfc�l°iyti,3li+: if f,ti t'�1'�,:: la;5il;fE ie.
Scr accmupa 1bg rl,: o; %, rcgtlirLd sl pplcrnl ntaj-) inl4;arWon
- 117 -
C'0T `NTH' 017'I I,-k\VAI1
Required 4tsppleincntary Information
Scheduleoi'C'ontribulions (OF Eli3) La.s1 10 fiscaI'1r mrs
Comply:
('nntrihLltions
cont ri1)tLtions
in Rebbon to
as a !Age
AdUnIhoHy
A AwtLltL-My
{-'m11ri mlion
(,L)vered-
Of C[av rcd-
Yi,Iol `r'e:lr
[}et rmin«i
Determined
DeRcie.ncy
1_mployve
E"niployce
Ended
C'a,striNK
(:nmriboon
(Excess)
r
l':Um/1
Payroll
Junu 30, 202_;
$ 42MOMOU
$ jig 1S.1,11?Ji.}
$ --
S 20 .0_94Q
20..79%
June 30.2022
$ A',4?,1. 00
3k4lQ6
$ 1707,605
$ 105,Mj28
19.6q%
June 30, 2021
S 1191^,[1MI
S AM,; 1_
$ 4.735.653
1970 '8,02 2
19 3%
Jule 10, 2020
$ 11,W_ GO
S 41,6U4,-174
$ (:40.474)
$ J89,053,8- A
AM%
JUM:30,20[9
$ 39,771000
1; 39,7?0,000
5 --
5185,575,77
21.I'.:,
June 10, 20 [8
$ 37,748, 00
$ 32,824),rt13
$ 4,918,987
$ 178,184,144
21
JLmu ;{1 2017
$ 3h"172,()1. i
S 215,1909-
$ 7,922,013
$ 172,60.40
21.1"
dune 30, 2016
$ 33.04100
S 2172040
$ 10,866,660
$ 159,71 Q 4
14.25%
June30,2015
$ NOR,CII.?{1
S 1MM,,EiM
S 13.921,0UU
$ 15I441C),O&
12. %
June 30, 20 4
S .30,526,000
5 17,453,000
$ 13,0 '3.000
139,423.481
12.51%
Department,
( k][ltrl[74L1on"
C(J11tTiJ1kLtjQI15
irl Re[atioll ic1
as a ' wee
.V4111"111,111�,
t1LC ,Vitiariall)
1'IE14L1I1111
CrJ>..vrcel
C (",:°4 L'I
I,i1 1 '< 1
DQe ell) -Line(I
[Xetc'.rIII iIIed
Dc iciwrLc}
bnpi,vyec
I_IIIpio-.,L."
Ended
C'[1I11ri1741MI
C'i5nWbLlkkm
(Wo")
Pug'r it
PPyToll
June 0, 21.L^_3
1 IMt:1 T
S 1,96 ,000
$
$11,390,143
112%
June 10, ' 022
$ 11 41'l,UOD
S 2,14ki ND
$
$ l l ,020,E 14
19,51%
June _30,2U2i
$ 2,t1lyuo
S 10IM521
% 835,47?
$10,713,826
11,3%
Juno 0, 2020
S I,q-7,(a()O
S �), ".{;t}41
$ --
510, 66,331
19,35%
June 30. 2019
S 1n')%tl o
5 1.491001
S
S I0,264,425
19.41%
June 0, ` 018
S 4933400
$ 1,936,548
(�, 3.548)
$10,71?,595
19,0%
Junc 30, 2017
$ E.867100
S 4867ARCS
(S -88)
$ %791,132
: 9A K,
lunc 10, 2016
$ 1,911,000
S 1013011
% 796
$ ,464.649
:'.OR10o
June 30,2015
S 1,S50100
$ 484US9
S 1,611
%9,426,509
1L}.6,..i,
June 30, 014
$ 1,899,000
$ 1,90008
i% 1358)
$ t635JO2
NAP,,
ScL: aLxun1pvybg noes tc? cquiriM supplememary information
Mil UN Swillu XIM-111
Required Supplementary Information
Jame 30, 2023
Note —4ignitieslnt Mefliods and Assumptions
Be.:7.inniing J41.4 I,'01 -, t1P1 .htu<ufidI vaILLRti0n 0f thy: C0U11111d L}a;1);rrtlrtuICS rlit�
itIOZ4l �AIIII oi.h r l}o A�ivpI,.-Iiwnt Wricfit other than pellglon prw'ided III ri)Re 'h the I 11 I`,
1)t!If0rane(1 .1} l)r.liil eal-11 �ealr.
111c fl}IIL",%IIIg SLIIDIIIUIZf'" t11V sign IjICanI InohMS all as. ;i1inpti,-im, llr,.d io det'irniine IIi,
act llarialI%. determ-Ined Conlrihut-lcn t'trr the 11sc,11 year en ded _tune 0, 2023
A%;Wariltl walulitiori dMe Dee eICj[)ed ill 111r Jt114 I, 2022 111 ik)n
llr;ttl,irial �(-i5t nierllod Entry Agc Norinul
Amortization method ['evcl percent, c[nsed
Equivalent single period I (i.-a and 14.9 for tllr Comic) and Dcljzlrlilik:ol,
respcctivcJy, as ONI- 1 v 3(l, '41 3
Amut r-atltianon ir,cthod 4-) ear snloodicill 11I,Irk t
tnflation rate 2.50%
ln1wustinciii rate of return 7_00%
PavroII gro th 3. OD%
Salar%. increases 3.75%to 6,75% inel4lding in.tlation
} lealthure cost trend ratc�
Pilo Initial rate1"7.�0"a; tietiEIninr, to a rate of4,70%
alflar 13 nears
HMO Initial mite of 7.50`. : declining to a rate of'4.VO"'o
a liter 13 N cars
Paart I initial rage of 5_DOL,,ut dcchning tea ak rats: ur4.70%
a h C r 10 years
Dental InItial rate of 5-W/o for i trsi year; followed by
4.00''u for all illture years
visicin Initial rate u40 OVI., for first vl�ar. follov�ed by
.5091for all future ycirs
Life 111SITYRI7CC 0.00-0/0
- 119-
U O t' `ti l Y Of- l fAW A f 1
Required Suppleinentaii' Information
June 30, 2023
Demographic assumptions B-,tsA:,d oil tlic c. perirncL: swdy covering tlic five
}car periud cndirr---,. Jun,: }U. 101 S cunductcd for
the ILI��aii E mpl..ees' Reliremeni System
M onaIity
Systcrn-specific mortality tables utilizing scale
B11 to project generational mortality
arnpri7�'UITMII
Participation rates 98°:q healthcare participation as:stimption liar
retirees that receive ]OW'., ofthe fuse 1, ontlik
Compe.nsation- I I eaIthcare partic.ipat ton rates (II
5','o. 65%, wid 404'-.a for retiree-, that r,:L:cLvcY U'- 'L:-,
50'.0', %ir of' tlae haw ITMr-ithIN cnntrlI iti0n.
rcwpvLti,ely. 1001 t'twr IIi'L IIIIMRARCC,arid 4i 3`.'n I'M
Medicare Part 13.
Thcrc v crc no uthcr facwtw that sigilIlicmitlW aflc(-ted trends in the anTounts reported in the
sclivdLi � ref cha ages in the net OPE:.11 hahilit} and related ratios or the sche&IC cif contributiciiIS
(OPF R.).
Changes of Assumptions:
Duri rig the incasurernent peril d, the de mt}grtaphIC atssunlPti0nS �%crc. upd atoll io rcfltxt
the 2022 FRS Actuarial E:.-.Lr;ril rmce Sudl .
Additionally, short-term he.alth,.-Lkrc trend Ij�scln's R,ns werc upol ttUd,
- 1?0-
Required 5upplcmentary Information
Schedule of the County's and Department's Propurtionale Share
of the Net Pension Liability (FIRS)
Last 10 Fiscal Years
County,
Proportionate
Sllart. of the
flan
Co4MntYs
CuuMY.S
Net1'ension
FiduciarwNet
Proportion of
Prnpc,rrtionate
Liability as a
posiliorl .Is a]
t1jw'NL!t
SIfzire of 1lie.
CULl11Cr's
�Ultgc of
%agc of the
Ndeasuremini
Pen4cm
Net WSW
Covered
Cm.
Total Pension
l rk)d Wiled
I j a h LN
I.iahilit
)'{a toll
f'a}r��lI
[_jab+ Ijty
Junc 30. 2022
4 0 K
3184019090
$183301868
318101
62,8`:fo
June 10, 2021
•4All
S565,147,246
$186,778,076
102.6``r,
64.39%
June 30, 2020
4146
S69C251,655
.$180,285,326
396291
53.2%
June 10, 2019
4,7"/o
S668,2 IQ 64
$172,197,101,
188.111
34.9hr,
June 30. 2018
421S
:$635. 4 3.501
$16R,484,880
? "^ 311
50 5Q'(
June 10, 01 7
4 its
S609,901,199
$161626117
372111
54 K"-U
Junc 30, 016
-1k a
$610,:MOSS
S 156.5 56.514
394.80:
51.2%
Junc 10.2015
-1AIs
$382,070,813
$149,760,317
255.1%
62.4°.`i7
ju11010,20W
4.f117`a
S.322,621262
S13?,669,41S
231.341
63N%
June 30, 2013
-42%
5377,065,856
$129,153,763
29 .1J".j
58.0%
Department:
Propurtionatc;
Share nfthe
1'I.tr,
D partmencs
Depanmunrs
Nct Pension
l=sJuti°it7,} 'n
Proportion of
Prcfpor(ionmc
I-iability as a
floc ilioll ;IN ,a
the Nct
Share of hie
Departmenrs
plageof
%ay of1hL:
Measurement
PenSM
Net Pension
Covered
(';,iered
Total l'en'ion
P-criod ,t:rr&il
l,iabiIit
IJ,,ibilii) ($)
payroll
l',l�roll
I mbill(:'
J4mr: 30, 202—
i.M2`',
.$ 3U,M3 5
V0,450,084
)95,711
(rw Te
June 30, 2021
YOU
S 29.017,lb5
S. IN16,038
263/1151
6 K 14t,
JuiiM 30, .?020
0201
S 35.290,` s-
s 10,439,1?3
A R.Q°/a
;121 r,
June 30, 209
1201
S 32_029.248
$113 18.136
3 ; ri 440
1 tAUs/10
Jun. 30. 2018
0.Ali
S 33,5 2153
% 9,742,400
04_lob
5~' 5'%
Juice 30, 201'
01%
5 28,365,453
S 1158,187
W3_116
54,8%
We 0, 2016
(1.2%
S }1247107
S VOI6,930
32.3.111
51.211";
Junc .30, 2015
0.211
S 1 &940,l_ 6S
S `. O I Z 196
2 1 (1.2" sr
62.=t"-r.
Jun: _10, :.'0;4
0.3%
20, 26,993
$ 8,27 2.30''
348, IT6
63 90
Jung 50.2013
(0.2%
$ 18,469,4OO
S 7,640,477
211.ro/o
58.Vr.
Sec accc,m1 anj inn note, to required supplementary hOnnabon
COUNTY cif'i 1A A1I
Required Supplementary Information
Jtine 30, 2023
C uun,
Fiscal Year
r.11dod
Jun1: 30. 1023
June 30, 202...
Juno 30. 2021
June 30,2020
June 30, 2019
June 30, 201 8
Jung: 30, 201.,
June 10, 2016
Juno' 30.2U14
June 30, 2014
Department:
i �..t1 yQ'i].
__ r :t-Iccl
e 30, 2023
June 30, 202:2
June 30, 2021
June 30. 2020
June 30, 2019
June :30, 2018
Junc 30, 2017
June 30, 2016
June 3A 2U:5
June .30, 2014
chedule 0rth4 1. 11vnsipn C'untHbuIions (1 RS)
l ast Ton l fiscal Am
St;�uutslrily
Required
C ontriblition
S 63,953,781
S 52,77M,015
S IQ53,90
S 41,562,933
S 3V157,981
S .3101.3, 01
3 4,456,14S
S 26,503,H30
stalk3 lri13
Kciltlirud
Cownbhun
2,531659
$ 2,47 ,404
2,5�9,631
S 1,951it,3 S8
S 1,757,461
1,60 +,278
S 1,551,128
S 1,S�C1,4i��
S 1,661,5SO
ALA1atl
{}Cjun()
Contrihln ions
r cco"11ircd
b� t1-10 1'1.111
$ 61.9 l 3,08Q
¢$ 63°90.751
36.15A981
11,456,148
hct4tal
{'oun;
C°tlntrlhutions
Recl7k,nbc i
by illc Plan
$ 2,535,659
$ 2,579,631
$ 2,258.593
S 1,950.358
1,77,461
1,6037279
00,
$ :XU,[T4
,661,5NO
Contriluttioll
Deftr.icnc4
(r� �Lccss)
C antribUtWll
Sce accurnpan,&n nutc.s t:.; rcgUil'Ud st3pplcni ntarr itilorimAicin
- 1 -
C: tau nty's
Covered Payroll
$ 192M 1,124
183,409,868
S 1$6 7806
S 180,295,326
$ 168,484,880
S MAU P
S 137,669,418
t:'nunty's
Co v rL!d Piy To l l
$ 11,O16,039
S 10,439,473
10,318,136
S 9,742,400
$ 9.046,930
9,012.196
S 8,272,:307
CbntribtltAs
as a 'Wen of-
Ctr ere
1'�v roIl
33,2%
33.8No
,%
29.3 0:.'0
24 °'7 /6
211%
21 Q N:
1-0%
19.3` U
('crW hu t "m
as a vlay Or
Covered
1'ay roll
23,5Tu
2.3.7%i
23.4�,4
21 .6Ku
18.9 v,.�
18 °0%
17 l °'U
I V.2%
169`r
20.116
C Q["\' [ Y OI. I I A \ & 2
Required SupRQmcRmry|nformatio■
» nc 3% 2023
Note Changes (if &aum Mmns
[he Gil ing chailges &ee made in the ldua lil agslimplionq 6 of.1meJ% 2O2\ 5 b e
2021 Ewe i5nce Body
- y,et>» !Q\9 ?«r ,� 5tt a±,»i4mHvE n wawmn@GnC,m $]! to
¢ 40 .
- The /l�rlevaI Eb6yc@a poi ICIR of±eg ncel>a 2rabn a5mm@bn QEG Jg
Empa and IeaEhJs decrcased RomL$r,mI). that now yields arom R2
ass eill @5no{l±Od. Th cwa%noca qD $eawBmpti f0r Po Icc and FIre- rrae�
employem
- The aqgmedgmryi acrease ched ij les iricreased for all ern /o>Q .
- Rr r it Rcm m oq /i% ralg \mmwdi -Polhx -mid [\QA /i25 Rn% m co m Q $k;
reiecmorta @>RUpdated 1k, me3g22oM E Rdiwa mdb»6imor! mymN%2v
-]7:�-
C O U N I Y 01" 1MV+'I I I
Required Sutrplementar'y. Nformation
.tune 30, 2023.
Schedule of Changes in Total Ilemion liability (Bandsmen Pension)
I as ]-ell Y 1SC,11 Yeal y*
.NTCUSUrcinL:11t �c,�ir
June 30,
2023
2022
2021
¢, G
Q19
Total Pension
Liability
e r� ice (. oq
5 6,74 7
S 11,943
145,450
7,577
7,392
111tere t o[I t11e I i}ta1
I'Cn>1c4n 1.1ah111t-.
v10,680
21,913
28,152
29,250
38,149
[)i1krenci:s
t xpecItd and actual
e: l}�1'1C11Ce
{`...�6:'.-
(68,212l
F10,480)
;1:,aurss ?tir tt Chi in es
i i.,OC11
(:'.J(s,i)- 8a
.#� iJ
8�'.4 4
(4'.._4).;)
13em,fil PFI�n3ents
_ 3#a.1_ ?
I�.:f?x$ 11
S.`1"i,799)
L4 9,612}
Net Change in Total
Pension Liability
(34,022)
(302,217)
116,982
74,280
(136,231 �
Total Pension
Liability — Beginning
8,10,786
1..1 i.�dl{l
1,026,0 1
95 1,7"11
1,087,972
Total V nsiun
Liability — Ending
$ 800,7-1
S 8-10. z 86
$1.1-13,003
S 1,920,921
S 951,7.11
Co%.ered Pa) cc) I1
5 28,91.i
S 22, 729
S 2,1.0 '76
S 26,319
S 26,119
1 otal I'cusion LIdb111ly
Fi.y I Pc?cQrmgt?,L of
Covered I'm pkiNee
Payroll
2,800.01/16
3,699.2%
4,747,5u/o
3,894.0"'a
3,612.1
- 1 4 -
COIF TY Q{II«W aH
Required Suppl men mr} Information
+nc 3¢ 2023
2 gemr a
G2Aa
tme!% 2018 M7
Towl Pension
Liability
w \c C I
5
$ 16,416
mee4AlE Tom|
nAon wa&H%
—
36,289
Dim & cz5 bctwee,
eke wed and actual
—
a
@1\B02
B DRymemS
% \RR
33442
\d Change inTam
Pension im!
(58,808)
14,449)
Total Pension
Liability Beginning
JJ46J80
1, J-
TW m pension
Liability tr m =m
i J.087 2
5 1,|46,780
wlewF >mg
$ 49,505
$ 49,505
Tma]9,(on y Hoy
.m, a PcnxlimucOt
(" FI111p1cj%-ee
/o¥
I,y m R
2,19 \7 ,
21316.ice
" Th is sc hcdulcAdERdedb2Ew«2»mmHeiprIIJ a ae[Gemgw2m2RdAe A*&
total 2�n/ G:haR R! for. qQh RBA a &e 5 w 2 )e2. % R]! 3 un2 y e » m I 6 iilt pi-ospeclivek a&
m ± 2 »nl co eq ' able
See mpa3 mam4a G egGI ]iop/CmEmJy2 RTIMIG
-]JS-
I'llis init:nliolll-dlll lel'i I)Ikljlk
N ()NMAJOR GOVERNMENTAL
L Ft�:��DS
SPECIAL
HKrH;V11 Y F::VI) - Used to accourrt for 1"le cn�! , c,i' m�iinMinin:, HIC C 'Lull '.; highways and 5treet5.
Errancinp* is provided primarily by fuel, ni;ilor w4:1 iwle -,%-eight aild pchlic utility franchise taxes.
5L W R f-(', r) - L,:ied to account fair msN o l'aperating the County's variomS SeweT systern5. Financing is
provided L,% i±1,11Les to users for sekaer serviLOS.
SOLID 4 AS.,"L,` P L'ra£7 Used to ace.uart-,elate moneys for the operation, maintenance, and administration of
the Fount%'s solid waste management, collection and disposal systems- Financing is provided by tippirag.
fL!n at the iindfilk and by dispoNJl l;crinrt fees,
C`AXfFTFPY R1M) - 1 "Wd Co aceurrlu lat4:.rlonuys !fl OUaralllft the future trrarntersatti�e OfCOtinly Cetnetery
sires. Hnarrcirr iti provided from the sdc ill-hurial lots in Courrty cemc[urics..
PARKINCY METER 1•'L.','1D - 4.; sud w ac;ci,ulit fOr the Lusts Llf rnairrtain ing C'L1Unty cm-strcut and off-street
parking areas f"inaicing is provided by the proceeds from parking meters,
F FHICI.F P1.5P0 .S.,If. FL.!,4'1J - t esed [cl fj Crinllll :te rrr4,ne} S frrr'he t.-mving. removal, dispc;sal -Wid recychr.i!.
of abandoned or discarded <autom obiles a ad automobile parss. Financing is provided by annual tees
collected with motor vehicle registratioi35
BIKEWA Y P� "NO - t Iced to-IMLIT1 a late- moneys for the construction of bikeways within the County.
Futarrcriig is provided by bicycle license fees
Jt ORAFORC'E .r,'4 V ST:VE T .-V "I FL .%D - l.'sed to account ftlr €:inployme.n4 and training smice's
prclvidrd t€1 ccorlorni€:al ly disadvdn[dga;d adults, J--du. atcd w'orkm a1Ld ;.out[). l inanc.irlg is providrd by
fLdurdl ,rants.
Cff £F C i).UR.SE F+?.' D - Used to account for tho cost cif (Ttl rating the 1 i i to Municipal Golf Course,
l-undirlg is pro% ided ft om green Fees and payments from restaurant and pro shop concessionaires.
C;F"O HAR'd.11. RE'LOC A TfO,'4' ANI) ` y LIE,'1-11141 F'L:'ND - t.!sed fr1 at coLIM for the C'our]t."s
diarc of-cr,thunnal raydltics rcce.ikc:J fn.Fm !hc € per.9tur Q[ %1 LLUk lUllldl P0%VCr pldlll IOCatCd in the C;oun[Y.
1 L: l furidS are carrlr,arked for a geothermal relocation progran-, .915,E to benefit the lower Puna area.
BEAUTIFICATION FF:`AI)- Used to acc',lrl)ulnte moneys ti;rthe hearrtifccation of highwztys and disposal of
abandoned vehicles �4Itliin the C'mnty, Financing is prw,lsltit: liy assessments on ,chiiA; res jstntrinns-
GENFRJI. FX('IS'F. T.I V F( Af)- 1.'A:LJ .o acc(lunt for the general exci ic tax and use surcliark.e aK
authorized `y �46-16.8, 237-8 6, 2. -�'.6, and N9-2.6(d) HUWali [ta:viscd �[a[u[es and rclyted au1h0riZcd
u,t s o such i'unds, including, operatiltg or capital costs of public transportation.
P. i RK L Ff?fC' iT!{)Al FUND - t Ised co � -ount for morreys deposited with the County by subdividers to
pruvidu land for parks arid playgrounds m stik;ciivi4ions-
�J!?)RT-J'F,R,4FFNF{]RCFAYF.VTFV,' D t 5cdtoacctmntfor ccrstnfcnforcing
Co short -[L:rrn vacation rental enfrlrccment iavrs. E=inancirtg is p ru vided by all laLs dnd fines collected
in connccri€m with tht law.
GF0THF,RAfA r, .tSST :Tf•-?.'N1) 1 kxd [n account ib!- Furlds rrorll Pun.i s 11,•.-,wai`f
Parmership, to ctln;[it ri,,me [hose iinliacIed by gCL)nccrmaI energy devc;srpnitnt .sL I11::.
DEBT SERVICE FUND
f.% TFREST H ', 'D - Used to accurrrulate nrorli:Y', for oayrnemt Of ni le-t A oil -Iertcral obligation horlds.
kluriq s rcti-u ircd .o iL`rs icu interest rnaturit:,vs are transferred annually fr+ nl the Cieiieral Yinid.
P(-).`+D 1i:LDE.°. PTiO F� `, D - Used Co 4cctlrntl1tte money,; for [hc payment uJ- VcneraI obIiga�ion bon dS.
i49one,'s re,
uired to retire the bonds are transferred from (he Ccneral Fund one year in advance of maturin ,
This page intentionally left blank
- 17 -
('()( N T Y (31 H A% All
N*anmj*,r Go,* trammalm I f um ds
Combioi Wamm cc,,
Spoc i dl R,: % c rLue I u% 1 0,-
I.,W 0
k 1111!
V v 1, -1 c!;:
Highwiwy
Scwcr
Wastc
E ewc(CT mem
Nod
Fund
1- Un4
ll- tond 11- Ond
I Mid
Amelt
Cas li .kmtl cash e,t% i i Lten I S
S 40,076.6,13
1 1 S_jKr1.4)17
S 11072-182
S 129.466 S 14t)-362
% 9-97Z-3(X)
rn pfCAL I'Llml
-
-150
f I rom cwthrr go rrnmcnL%
Z,7M 426
29 1 -1 .1
-17-294
I 1uc I n wn ixhcr gu % mwnW fijndi,
N
1 25.e.-15
Due InKn 4,dhcr nmeoi-ernmCnUl funds
5-N91
I r-kk, ncl 44 al k)�* Owc f"Ot douNful accmni)•
2.6 W2 1b
I - 1 Z9,924
01hirr
.1,2R2.70
I ASO. I m
I I 39-4(kh
1.0 . i vxq-
-11,�SLO.343
S 13,610,603)
S 14.211.838
S 1 29L46fi S 3 4 4. 362
S 9L972-306
Umbitillet, Dr',ci icd IHROI%4.Wd I Mk51
1.j5b1jj11kL..
Awtmnnls ah1c
1. .1 k i
% 178,155
S 4,261.894
S S
129-%3
A c c rued Im ( 4) 11
N M 1114
20WRIO
474.760
8.350
Dui Lo kAhcr guvCMMCT)1a] (UFIJS
7ek I I 't
AM28
I M435
A d % ance ( alleci imli, I n lcrgoi6 crnmental
I J.L)k)i�
()lhN6T
I-C,23
1 .1h
-001
[(Kali
Defcr1c4 I ri llo%k -.of RevvevIry
I F%Ak Si Jah [C tc%,Cr.w (twW 7
2�3 9, Z ck
1.1 NAN
OCI(CfrV4 Pr tN)4A% frUcd to leases
1".113
I LKAI & firrrcd intlaka of rcwLrrccs
1323-007
I und Niances:
A4«"m6clej i4w.
Dch 4 Ser % 1cl:
I i igh %% ji} s. birds vW ebmd*ncd vehicics
41.203.439
1 4 %1% V 1 1) W rM JIMA
Imirl 11Wj III
ti.j I I j t,hq R i rl
14.41)4,956
7.146.195
i OJ;J1 %N A,) N. 1.1% 0,1'f and Abjp&ncd % ch ickm
349.362
9,713.752
1,1u i n$. rc-0141 4w9ame and wbsi d)
( cm cler)
1,-&.*c1r Puna arcs
Parks m4 rrcmhom,4 p(ojects
Telall I u-nd 11%atwkcn.
-11,MA
14.409.456
7.1416-185
1 zq.4&6 349.362
11 - 7.3 3, 1r
TOUI 1jjbihtK**. <k(ervd inflmvs
arld I'ww Wlinc,c,
5 41, i �Lj. 41
19.631, 6113
S 14L21 I -8j 9-
1 '14.46h S149-16.1
Sp 4.972300
1 28 -
Sr- c W Idea en uc 1 0 nd �
13 ikim 4)
JP
tiur%e
E.
fication
6-G.nL9.1l I ,t;iw
I )ed ik:jt ion
Fund
OX2T! A.1 F L, d
I wid
butflu fiind
Furid
JJX J L4r.d
F unj
S 545.577
S
S 408.017
S 5.125.3,16
S 271,851
S 54.710.196
S 62.273
?M0
49G,686
23.779.876
42.532
39,991
1,400,676
341,021
529.679
1.400.676
341,021
-
23.922,408
545,577
'S 529.679
$1,910,693
S 5.466.W
S 271.831
S 7S.SM604
S 6-7.271
36,827
S I C071
s 29
S 2,1192.R94
57,3W
62.167
W
529.679
84.914
5289
'16,969
529.679 61.451
94.943
15 3.2 55
1AM 183
t 86.9m
76.395.349
5.466.357 -
- - 62,273
M.608 349,09 5.466. s5.7 186,908 763R$349
%545.577 1 529.679 $1,810-693 $ 5,466-17 S 271.851 S 7 K S ; K. N`i-$ S 2
.129-
( OL'%1Y (A IIN%A AlI
luulnninjor Govctnmi-entail F'wnd%
C oflihiflip . 13almio 1%hrr;
Junc 30. nil; ,N
`+horn-1 rm
V AL.71WIll Ren131 iac47 Lhic waI
I n1mc enl F uncle A *vCR l- Lind
4 sells
a;h an%i La415 eyui�.dIC its
1.312.E $1.419.477
1rlwCsimcom
- u
Imprem fund
- -
Recch. ahle-,:
I}ac Irra'n other Vaccrnn eM%
- -
Duc fr13m 01bet9,1%; rvnmcnlaf lLur dt
-
Duc Imam olhcr nungcm cmr.qlrni� 11'1,Fl 5
-
T radii riel of 011owilmx Pier i mikliul account.
Tf11.4' ,r ,c:•.,
1,382-694 114 f'.0.477
L iabi3tic,- IMrdrrm ed Jr.flo4%k :-tn4± I urld 11'a1.411Ceti
Liahihri€�%
A4f0LJ11IN 11.L}ahIt: 'I,
-
ALumcd pa% roll
18_41 1 -
Due ILI 11hcr Iun4Jx
=
rtiy ance 4 odlci.Okjnb+,ucrgo k cm me Ti ud
Olihff
Tulwt,l' 1•sabRitic5
18.411
File ferred InIlin%w of Resources;
U na.%ailahli' r %enue (oolc 71
Nt„rn:J Inflovwi seiat€d to Irasc-s
1 alral de1ermi inflox%s oFresourees
_
i• and tm1 in"-.,-
Rc5tr:cled (of!
Debi wrviee
- -
C_trl3rr PUna arCa
- 2.4 19.477
Commiacd 10'
Sanitailion
- -
1i1pwa) %, sirects and ahlari(1[ ird vehicles
+ -
Debt scn=rr J-un4i
BonaJ
1wcr:,.l Kedtn41 !ois
f unat V urw
I CI}nti �ud Cd)
I oral
Nun-.11.11or.
(rcS+eFnmcIxu'
f bins,
S 7.95?.478
$ 6.4-11.855
S 157, 51 iJ.719
-
40,000,000
40.{11](}.0W
1650
-
27°hS9°i 1
-
+
854.736
-
241.665
246.863
14,062
1 °9()2.750
_ 1 d.11o2
2.31 _bb5
34-821.909
5.7.971—"0
S46_683.521)
S232-335-177
7,908, 341
I1vUsang. rzrital dssi�.laticc and subsWd 1.364.2a3 -
C.Cm�R4rt - -
Park% on41 prnlc+ is -
1 cs[al fund valances 1.364,28.1 2,4.19,477 7,909 34I
- 3-769,I14D
1.595.1r6
3-0.406
4&4414_5210 5+4.41}6.01
l 18_? x 4,3 24
2.,4151,477
21.516,141
10.083.1 1.4
1.364.281
t 2'9 A66
349.t3S9
5.466.357
62.273
214.121.355
I otai I WaJiri4:5. c1erwmd inflows
mum fund balarxes S 1e3112-61M $2.419,477 S 7.971-340 S46,h 91,S�32 335"i77
1
`ce accompw.n} mp 5o5depend rat .1UdIIOM' r2pOWL
130 -
This page intentionally left blank
- 131 -
COUNTY OF HA11rAII
Nommajor Governmeota1 Foods
Carnhining 4(,t(rrrlsrrt6 i,l'Rey muss. C%penditures, and Changes in F'Jnd "— antes
1,3r the [ i #: I Year Fnded Juric 30, 20?3
Ra► ! nuns
Fuck Cawq
PUMIc UIiIIt� IrAnchite taxes
[ i"nscs ,m J perm i[s
General vxciw r.oL skireharge
InCerg.otiemmcru,d
E hargcs I o r ref Is t,�
I fl %L-StraSs?--M e.]rnan SS{ DSS)
(Aher
fatikl re►enoe.,
Expeaditluhrn
Current:
Gioncral (icy%emmcm
Public �akt)
11[gh%sa%%sand strecls
Ht:alth. edr;c,tiCiar} and m:[1are
( Utftife ,ioid rccrcai'ion
`.1:111td IIs"YI
P;msi,-n and reiirerticrir comrNojails
F.rnpin} ti, ItJ;arth irrSUEdJJaN:
Other
Gebt seer ice,
Principal
Imerrst
TOW o pend' it ures
1:A,:;'s+(deCicicnc%iofr keaves
raver kunderl e-kpendi(t4rv,
Other Finnneing Sources ( L alto)
1 rjr'-SILTS in
In reaWs in k:,� N ,era4
olher iinan:inp..igrtvr cfflS
1 ransfers ouI
1,rwI ot3'hcr Rnancing sources WsrL s)
``+1, 1 c hinge in fund tiahiR,-c -,
1 Lind balafitiew it hgirinin if IIU:,6I tiedr
f unJ bat invv* ,sa a idol fl ak } C,rr
Highmu±
Se, %er
1 uniS
F rind
12,051,548
13,374.199
1.678,428
49,60D
361.770
U.M.Mm
Y
49,261,203
[5.147.192
CCU Rv.".rn;ae F'urw:1S
fiord
'A ii:1C � �r1leCerS
1 rtnal [ 'IF'J
734.444
13.9n.979
_. 51M7
14.714,710
?Ur-,int' V4JIi4'10
ML-IL-r Di-,Ili,,,al
1 uaIid I tirJ
I I Sm 16.6:15
9.000 I 1 ,Rlli
8.000 11.098 2,NT7.611
2.711,232
"
=
2,375
=
a3.421,71k,
+ta,�(!f�,599
-
►.rt3y.71.t
4,531,.511
1.375.28
?,399.120
1,5w2.580
451?-M o
95h.RR4
IOD?V
650,434
1.185,*I)f,
48,0.4SY
,
1,14 1.440
250.565
I,00-
_
�(;,61;1.465
16.701,739
41
; 375
-
2.264.615
8,h04.7�3$
d 1.554,5571
§ 368.997)
5.6_i
11.098
142.9'
1446,553
28.9[6.04.1
,
72{o,00)
1446353
294594-[3('
2.244
1,lS1i+i.il�s
1,8+71,()%
3-225 13i)
5.b25
h 1.9a++S
](5 7i:
i4.121.41.1
[1517LW)
1,91J,SA(b
123.851
_ iM, N4
4?.f)ui.IIi'-II
!11 4 1.241.4Sy
$ 14,409, $6
$ 7.146,185
S 129,466
1 344. iat7
S 9.' ; 4 'S',
132 -
Special Rc%enut rIA ,
iL.FW Wc¢
{ II,II1
C,%CT#I P1 ..
[]i[d,uti.
I'ark
�y
R kc%k4q
Innfn Al .K
( ourse
A cool NIIoom
4.l.aal(3i {
II—il'fo: f %o,
Dcdkution
1'L6nd
OnNil Av Fm d
1 i.1ri41
Heewtd,li F4m[l
1-und
I,Yti 1 Illid
fund
46.219
•
1.256A77
-
994.371
_ -
-
905.316
� -
_ 28,709
_
46.219
1.25&477
984.371
905.316
214.1 5
69.577.203
1.201
94,512 -
-
199,227
26,476,930
-
1-256.477
-
1.207.242
117.240
4.617
-
319.160
90.211
-
94.512 1,256,477
203.9"
26.876.201
-
451._'931 -
16-,soiib0
11-051
4z"701.002
1.201
. .
7".367
-
-
-
(33,477.957)
(33.477.457)
112151
47R,076
11.(ks1
9-?23,045
556-kH'j1
2.1t)." 4A
4.9U.'N1
17 5,8 57
t,7-162.304
_ 61,072
S 508,60 s
59 S
5,406.157
5 186,W)8
5, 76,195,149 S
,.� ...-mom..
62.273
-133-
call NlY ttt IEt1�4 11
%onmajor Gaiiierrlareartal Foods
C.-r-h�nmg of RcvCrACL I %pendi#ures. aM Charl�c% on I uft Fi r,l 4%
For the Fi%W'T ce L nded June 30- 13
Revrnuew
l IIL l t.r%C+
I"uNIC U641% tr�a11i1LISt LJX4°'S
mild vrnwi
(. w,l l c ra! N� -i is 1,1k 'ru r,.haepe
1 me go,. c tlmemaJ
C h4FFC% IrM %CI%KCS
In%CStm'cnt C"in v I lcrssl
C?Il'Yc" r
1 vital rr% en uc s
E r peadbu res
( orrem
(rcneral Oo%ernmenI
puUli4 %,Wvt
IIIAh%a).4 Gwrtd streets
I Iemhh. c dueation and tselWe
Cullum and recreation
tiunit.11is�n
rnpaki) ces' healih in wrxice
04 her
WN wim im
priric�
I+FIcr'ev
I cvul a tqr,rrcd ii ures
k V.cev% I Jerk icncti 1 of reps enue�
1:1% 0. t 1 urbdcr I c`�pCnd ]I UrC*
(.)tlw-r Fktaticirllt'-° wrces IUm)
I rransWr% in
Imureases In Irlasca Lmd
1,01her find? ing agreements
I r W1,41m 4KIr
lcKaI othcr linrnA�inS waaurcrs{uses
Nct change m 1und baLames
t urrd hakances al beg onning of fiscal ti ew
d ,ar9n4 W1ar%:e# al end 4a( tL�Waj )Car
I ( om'I udcd 1
[lbt Sevvivc Fund Tcwtal
Shoo-lerm IRM3 Nwrnr7„ slfw
i4'"alion Renlvl (WkithUMill Interest Rckmplk)o Cit"cmmL!ma
1 nf4wk;cirrcnt F and A,.%t-i. I unit I uitd I,und I ,in;1a
- I',t1ii.5�8
16,327,2 47
_ 3,711f,'#d4
43.911 12SJ57 175.469
3124250 q q.91 1 1 _' .1 C7
1611.14R - 1-075,$80
44.911.888
1,256.477
. l -5.I 1.474
dad 9-fMb, 158
P4.15'x
_ ; 16.877.8 5 • _ 1 7J113.797
515AS2 - 1fi,877-995 3I.1 Z4.2192 17Y.641401
s191. wlp V8.91'1 (1(1.74712.1-14 ) 124.458-3971
119I»�11��
98-'�lll
S1419.477
17.06,534
}7.71a,111c)
8A,562,607
1-5 23 -03 5
9 41.3 54 -83 4 I
17.696.534
3T713,1119
48-7-10-909
943,996
6,,'s99.817
24,272,.111
6.964.341
_34. H)9„703
18,4.8.944
S 7- 8-3a1
4h 4 9S.520
S 1114.1*1,.3;;5
- 114 -
C01.. S1 IN OF H A'V111r A f I
Highway Fuod
SOwdule of Revinucs, E xpcndafur4s, ;grad C-hangcs in Fund Balance -
Budgetand AoiialIBudgrraiy Ras isl
Fur the Fiscal Year I-rkded June 30. 202.;
Revcnuts:
I axes;
1- iiel 1axe s
PUNiC utility frarhNsc tatkes
Totni taxes
Licenses and pertrtils - rfu*ir vehicle weight taxes
InTergovarnrta mat
Charges (or ser►ricrs
Other
Total re, +enocs
Expenditures.
General go-,.crnment - enginrerm.v
PUhIIC ,41kc[4 - poIi,. II-,It11L-4`111„!11'!r!rlrl
Ptih11t'—itt't) proteetlkc'l®1' !k"I�-ii1
Ilij4hWag- ;:nd :ticets
P$7l-60n and IeliTenl$rA L.,'.!,rl1:. .:!
Fmplo)ec-s' hcallh insurance
Total expvubtures
Excess {dtficiency ) c}f rcvcnuCs over (under)
expenditures
04her financing uses - transkm out -
Transfers €pelt - Capital Prajects F and
Excess ideLicien}y I eel Ycvcmic.%
over I undc.rI eapc3iditures an,J vihrr user
1 and balance at begialnrrF. qxf 11SLal } car
f and balance at end of Ir+so a1 vent
I.m1c eccompan} inp irlrtr.TKs 11dr;flr rriu1310 ' ncimii.
cwaf Varkanc:
Orrl;inaf Final IRuLlgoa.r) PCf%igrve
Budyi 13ud2c[ BdsisI
$ I i)A(022
S 19.1190.5�
4 21,n i 5,977
.45'%,.1i 5
9,25.1,0 aft
— -
9,254,00o
12,051.148
2,797,s49
tt,a o•ti„ ,?
?8,434.522
33,687,325
5.25 1.001
12f)�ir1,r)s1(1
12.WO,000
13,374,199
1, 7.1.19')
I.70X,-";h
1,708,256
1,579,174
r 110'om?y
7-'11-11 rl()t>
770,OW
659.906
(l10.11)-1
I .[lt}+s
155,E
159.2.81
4,25 t
43,D67,779
43,067,778
4q.459-985
6.1142.207
3,311,464
3,293,464
2,744,242
549222
2,060.1"
2,066,19$
1,350,.322
715,876
74(1,?06
758,700
744,835
1 x, 65
10.903.369
4,623,211
1.280,158
17,496,223
21,196,223
I{31,655,639
1,540,594
4,Q 3(F,335
4,930.335
4,5229,289
401,046
I r.9"
2.021,966
1.590.700
431.266
*„Sii41,.Rf+1
2-500,863
6-15,053
0
43,r07I,IIB
47,6*1.1Iti
40.89,9I
6-78 .827
49033'tCe1
r1,603.J40)
8.576,694
13,180.0.14
t 000,000)
[7.500,001
(7.500.000'1
-
},4di ,t}tal
{12,103,34t)I
1.076,694
I'Ij90,111-1
9..32. 4A 11
39-313.411
Q. }?,,4 1 I
-
S 1.4,Q20,071
S '7,1--t7,(l'r1
41000,105
S 13.1So'lIto
t'()71 N FY OF HAWAII
sewer Fund
and Changes In Fund Balar%c -
!i.,,I4ct .VA I,U..Ii Rudgetan 131 i r
I ncc I :,,.rl ) .ii I nded June 0.2
Revenue.:
I nic rg ovemrnental
C h.+rges for services - sewer fees
()thcr
1 o1a1 rev enu s
1 xpendilures.
wanilalion
Perron and retirement contribution;
Vrnplo)m' health Insurance
f )thee
Total expenditures
Deficiency of revenues under expeiidiitrres
()thcr lin.OncHIg Source-,
I r-tnsfers in - iieneral Fund
c— ,scfl4 ic,r, � L: I revenues and other
wurces . . tr I -js,, n i exp'er diIurrs
I url+d halame at hegmning of fiscal )car
F and hAI mcc at end r7f Ii5Ca1 w ear
% c s L,mip.mN ing w.&p ndcni auditors` rcrx,rr
1Lirlal VariamCt
i)rijginal Final IItudgcl;lr hI iliv
S 49,600 S
t 4,1r)5.303 14,395.303 I *-, : w l . � : 688.141
- - ( 13.988
.. ,r,.r,!.!
17,786.314
I.?Iti.
1. + #i
I . ;, ;.<<�a
1,618,928
1, H 1 r,, i 171
21,865,671
(7,4 2 U, 7681
17,420,7681
1,446.553 3,446.55,1
h ? 1.
jib Wli+a
371,;S7
1 ?.:72, 749 .1.592. C)22
0,12i,%71 5,29£,_101
3,446,553
(3,974,' 141 13.97,1.214 r 1,1210,986 s, +)5.201
5 I',4hI:1 12-5
g.i;;,"a4 S 5.5�3_?a5 S 13,8�R,�+•ice S c ?e+5 2S;I
- 136 -
Solid Wa--Ie Fund
�*-hedule.,1 Re,. , .,t 1 1kper,&rwr., mJC hank?CS °r Fund Malinke
t r the I i4kaI 5 cat 1 ndc,i 1_in;
IiC,CRufi}
1ntCr�r.i� Cr►tmcn[s1
Chargv, for w"ices - tipping f v$
( Ithrr
Total revenues
f �I+cs+,friurci
San i t Af I, •rt
Pctm.k,,n"retirement contributions
1 rnl+ltt)te5' hCOltkl inSUr3nCC
Other
Total expenditures
i7cllciency of revenues under expenditures
t )lhcr 1inarwing smjrccm�
l ransfefs in • (: cocraI Fund
f kiC44 idrficicntis , Jt rekentiv, an,1 Ihcr
y•- teriC, 4%%rf iUndcr, C%pcnd-,tore
1 un.S hAlatn,c d! i Cj4tnning t,l iic. a %fi tr
I "rij 1,,1an44C Al enti -11 fis..l vicar
\ix ,utimip,rn.%mV 1J,:1t'r:Jk:rI rcporl
1, t u i1I
Variance
( Irrgirral
F in al
IW4KClar1
fiudEct
Sudgct
ifi.r,,,,I
+` CLAII,<c'+
S X44. -M
867,549
S r,''s As
S ; 11)1,rL)4J
1.3,565.WO
13,565,OW
11.'+w1i.v'•O
-
%1 1i1T
51'lL1 '7
14.409.UO
14.432,549
14. s,5r ' 1
F2
I8.951.4O9
3,974, I I
tf I Mlt.610
7.96 s.509
t.9' 21
?,1304178
5�3.t14;
1.166.!25
1.1
96A.957
181.168
1.047.171
1 _it' I ,371
489,631
58 M.'4()
44,092,.t28
44.115,037
19,963,476
41,1 1 1..,r,I
(29,684488)
(29,692,489)
(25.307,2551
4,375,E I
28,916,O44 28.416.044 21.916,044
['766,4441 (766,444) 3.608.784 4375.233
31,921.04-6 3,921.0 46 3,92 I ,04b -
$1,154.602 5 3,154,602 S 7,5?4.1 1i S 4Xi .� O
rrrr�ws a...�
- 137 -
C't1( NIYOF H14NkAll
Cemeter) Eurn4
hedule cif Rctitnuc5. E.xperudrtures. and (han4ea irl I and Ba[an L-C -
Budgetaaod Ac1uatcBuadgetan Basisi
Ferr she 1 i-,cx1 Year L.nded Juni 30.2073
Rt wvtmo4s • oTher • sale of cemetery plots
Bxperaduum - health, educataoo and wa:l T-t
Emcms of revenues over expenditures
FuwJ balance at beginning of fiscal ycar
[ and lmlawe at end of fmcal year
%ec agcomoprh%;rig indepcmie l arditon' "wl
Aclual
Variance
Original
NMI
;Budgetaq
paliiiv4
Budget
Budget
_ ..Basis
IN.-mlive}
S 10,000
10,000
$ 8,000
S (2,001}l
m'000
10,000
,',..ioo
7,500
5,500
5,500
123,641
1_21,941
1" 4.841
-
S 123,841
S ['_ 1,831
5 1 :'10-1 l
3 5,500
- 13R -
Parking Meter Fund
SchcduIr of Rc,,cnues, I x1reI,JIIUfCS. and Changes in fund Balance -
Budget and Actual illtidgctary Basis)
For the Fiscal Year I tided .June 30. 2022
Revenues - Charges for services - highways and streets
Excess of revenues over expendnures
Fund balance at beginning of iv-cifl year
Fund balance at end of fiscal y car
Scc accompan;Ong inSiepe-iJoi, dudF? ir,,' report.
Aetuaul 4 ar,rnce
Original Final (Budgetary Pnsieive
Budget V 13irt1 e1 9ais i'eai�tiel
S - S S 11.099 S 11.0"
1,098 1 1.nn6
338,264 338,264 338,264
S 33U64 $ 339,264 S 349,362 S 11,098
1 3 L) -
Vehick bkji,o„:l hind
1 hwdvh: M Pr ,Rut-s, E);pcndirLPTv%. -mi.1 (. hw1grs in Fund Bsl"ce
BUdget Mid ACtUCLI I F3 r�tliv.et pry Basis)
Farr the Fiwal Year I riled .1 une .10, 2023
d{r:x �is;i�w
I it.c-nc,cS and hermits • wchsrcle disposal fee
r 11ArgtS lur SCT-ices - low i11g Ch AtReS
�I�xChlanC11U-9
I oral rerrenueS
Expenditures:
Rension and reTlretth"t conirribui?om
Ernplo}rvs' Frcalttt irimirance
Other
Too expendilures
Ockiency of revenues under exp nditures
I?#hrer finaA6rI.. uses - Irail 4PeTw Our -
I rxi fern out . Capital Pro),,fits t iund
Iransfersout- Serial fit}Rd Redemptit-n Fund
I rim skers csuii _ Inlerest F and
De icicn,` ti7.4re,.enue5
sar`dtrC); cndil.airiwand01hcr+uSes
I uiid h+tlair,c at bcginrning eCfiscal year
I uit,J balance at end of fmcal year
')t'o-.11L ,in TandIR? IRdcr ndk:rtt amliIof%' f4pon
kcwal
variance
OTIgir,,;1
Final
i F'ludkr etary
Positiuc
liudt;ct
F3ud�et
�a�r�i
(��trvt)—
2,400,("l
$ �,40[l,(IOO
', 7'ri,1 94
S 1 �4.1144
S,Sr)o
5.5170
I6,62b
i h.126
3,000
11,m
8,RW
»,�(W.5M)
-1,408.500
?irli7,F�[(1
1i�t, 1Ir�
62,371
13,549
42.204
1_'-566
I1).7#Q
IMP
Ica,784
3,144?,141
3.947,343
3,JDO,I09
r, Mi .I
(1,538.,943)
(1,538,843)
(692,499)
846,344
i 3.000,000)
(3,000.000)
-
3.0W.DDD
1490,000)
(490.0,001
12'4,86.6P
235.1.34
195.0017)
(00,0001
147.178)
41,622
15,1:27,943)
(5,123.8431
1(044,74.1a
4.1 u.1on
9.693,0€10
9,693,OW
%W,rmo
$ 4,569,157
S 4,569,157
5 E,698,257
4,1 m9.100
14n r
COUNTY Of HhWAl1
Byway Fu*d
'�cbtJuIc of Rrvenurs, F.xpendiiurcs, and Changes in F uod Balance .
Bodg,etail d Awl uaf IRLidgetaay BaasisI
For the I iscal 'YOAt I:ncicd June 30, 2023
ACtUa1
V.tfiagicIC'
Uriginal
Fina;
Itlwi;eIV)
Poswtitir
Ru.dw....
i 1,41�h
'iIGP, q
R""ues - Iicranses and perms Ls - bicycle tax
S 46.000
S 46.000
5 -it;,? 14
5 319
E:xp"cridiwrrs - highwns and strccIs
199,,000
199,000
94,769
104,232
I dcficienc} i (,1 is%- nileS inver (under)
experxlilaares
I I53,000
i 153.00Dt
(43,5491
104,451
111 IJ 'l d! dTICC aiheginnangof iscalyM
5r6.401
556,901
556,gOI
-
F u'�id Daiabxe at end of fvmml year
$401,WI
S403.tK"I
S508,35
$104,a1, 1
Sec ac. ,7pan"in6 irdupmwk-M midmporL
- 141 -
6 .'II 'ti;A O� � A%A:l
4 L-%cF ucN. 1 -y;'
4he 1 7.111I ) car f ndcd June 30. 202Y
Amal
Varimet
+ irl 'irr:li
Final
(13Wgp4:i;Lry
PosilfYC
iS itlErl
IiUdge(
Ba.%Nl
N Native}
Rcvcnucs -
S 1,64', +,3 +
1,453384
5 (193,953)
I vpcndk1ure5 - h�:alt1i, k di,_.t6on and wcllarr
1,647.337
1,453384
19K953
C.mx$5, of'revenm over cxpcndilure' -
-
fund balance at Winn ingoffiscal 1ear -
-
fund Wance al end u1 risca4 y'ev S
S
SM BCCOMW) Ind; 111&�Paknj SWjjOW SCp0n.
. 1 4'3
ulc .�f' Rvwcnum, f Kperpditwrc,, uW Changes itt l: roan Hahn, c
Budget mW kctual i Rudgmu) Bads r
1(x alas t HaC21'r°ttta E Pdtd Stunt 30.20_13
Orlgiw%l Filial jI)rr(1P.Vrnr} Posirive
Ilaatl tl Budget Yaws%) J"sq irvek
Kf vCnuex:
Charges f0f lemices
S 875,313
5 875_311
S 4494. s ," 1
1011.058
�..'r��Ca1L'1p�laJrt 1
�[atllurt a�rtirl rr4rsadian
I,1..1b8
1?86,575
1„;51,r7
3�.'7t`i8
Ptnrwran at?d retiiem m contributions
2".105
;;. O
.95.S4 w
4,.%4
t mplo�m laca3* rnsuranct
142:0m
I_ -Ow
126.771
3227
C]tl!aer
69.207
I.M0
_'4!t
W 15
l teal ttptnditures
1:665.6P
1.712,690
1 L"71206
45.474
[)tfiLPT-rlLx of rtvenuei� under eWMI&LEW,
I ,i�7)
(837,367)
(682,935)
154,532
O) hra flnofai'I ig smirces:
T raansrers in - (kneratl Fund
790,367
790'.367
7W0,167
I xcu-.s I drACitnc} ) +,)( rv. enue�, and nlher %mjrcew
4avupatanderIexpe'n.#I!ua'es
-
(47,000)
107,512
154,532
F and balance at beginning of fiscal ) c.Ar
' 36,7`)8
236,708
, If_.708
-
Fund WwKe m grid offiscal year
S 236.7108
S 189,708
5 k411.240 S
154 5; `
StrG pa;C WWO Yi V iv%& 3Ai1kWS" re-r0rr,
- (43 -
COUNTY [N- }1,AAH
Geothermal Relocation and Community iienellts Fund
S,:heduIr tit Rcvcnucs, t.xp4�atdhurr-., :,nd Change itl 1°uatil i7lmti; -
Buditel and :+lelual ; tudgelar} Basis)
For the F isu al 1 cm h 11c1L•,1 Acne 30, 2023
-kcItl'.11
V e"itiance
Orig I21A
Final
113U(Iggodr4
p(Isitk e
� Ct
Buigrt
Has"110
(Negallve)
Revenues
Miscell stus_
Geothemal royalties
S 6DQ,0100
S. 604,400
S 905.316
S 205.316
Expenditures,
General governrneril • pI anning and zoning
1,000.000
640,000
-
640,000
Public safety - firc
-
.300,500
300.500
-
Cultint&RmMation
100.000
660,000
627,240
32,760
Tool cxMdltum
l.. DO.(lC1E?
1.600,500
927.740
672.760
f X,�eSs (deficim.4I iiI rctenue-,over
i un6cr) expenditures
1700. 01
( l,{ 0,5Qp)
(122.424)
878.076
Fund ha[an ce al beg 1nning 41i al pear
4,()88.281
4.988,281
4.98R,2B I
Fuld bakune at ead of fiscal year
S 4,288.281
$ 3,997,781
Sft accompany ing ind „dcni auditors" report
t`ctt" Ti' [rl t9Alid Al1
IBeauliil%ation Fund
Scheduk or Rnenuer, F ypendi=ure-, .t" 6 ranges it f urn" Balanti C
Budget and Actual iBudgc-an Has;c.
For the i Iwal 4'tar Uw3ed June "', 2D-'!
ACtual
Variance
Original
Final
(Budgmary
Positive
stud Cit
Buct
liasho
(NCI; tivC}
Rcvcnues - li"nscs trill permits h ::hrwti.ry
beautification
10 200,000
$ 200.000
S 214.895
S 14.895
E`.aptnditur"
IIIshw4) s and Streccs
01,450
202, rj
02.V'
4$
Culture and wreatron
44).000
50.0w
1.08
-845,912
Total expenditures
252,950
'_52.9-m
205.940
a7,010
Dcfrzrcncy of revenues under expmdrtrrres
(52,950)
(52,9501
4."5
61,905
it and balance at beginning of fiscat )ter
175,857
175,857
171.917
-
Fund balttttcc at end of fiscal year
S 122,W?
$ 1224907
S 184,81'
$ 61.905
4ce sccnmpanyintt irdepcndent auJikjrN rcWrI.
141 -
C ( ) I IN [ N, ( ) F I 1A \4 A I:
Gen cue I Ficim Fart Fa nd
S h ed ul 41 R c,. c n uc t, t 4L pcl,�J LLl u rcs. wwd Cluwtgm in vvrld BA lat., C
Oajw.Cq llujer"ar? 3asi5"
I or O)c P car I n&kl Jwnc 30, 202-1
WqliO
� ariawe
I
v A l4vlm r).
flwllive
I i li LI4rC
Budget
Hasisl
kNvpfiv.el-l—
Mevenues.,
Ga bet a I e x i se tax s are harge
s M000,wo
s 50,000.0w
s 61).548,494
S 19.548.4(<�.l
Othvr
29,70
98,709
1 1 141 rC,6 C,,nUC5
50.0m.000
50,000."
6().577_0()4
19.5 77.204
Expenditunns
P I %hwa) s and %I rects - ma., i ransil
10A ;6 '1) 15
36.336.915
1 i. 176.0 6
2,560.989
Pens wn and Mi rtnwnL i: L -,'f buttons
23OA00
MOW
120.1toll
29.492
I. rnplo",-s' twalth inwrami--
258.0w
190,000
8(1,89;
99, 107
Other
155,128
155,128
0
155. 1 N—
I 1 1141 expenijilurcs
31522.043
37,02 2J)-1 1
1 '--4 " X
2,944.615
C iwem. of ievemw,. over cqcnditoft
19,477.957
12.977,957
is 4 "N'
19
(Abri fipiackcirl$ usrw - lrarbsfe;rs cur -
'rraniftm out - Oipiiat Projects Fund
124,077.9171
i24,977,9571
trobn4rem kwt - SKA IAI 80111 Redemption Fund
(6.200j)(w))
(6,200,000)
(6.2(X9,1)1'W1
Trans(cm out - Inleft-A fun:.
2. 1 on ()00)
(2.300.0w
1 of)jwo I
j:,kj:tA% jdcfiwicnc�) of rc,.tnaes
wiv lunda I exp"irk,:Ck -,I- 'ies
0 5'"im)
20.500,WOJ
1.921A19
2 2.42 1. a 19
Fun, balanc c at bci? m nning c., f cal Vicar
67.162.304
67.162-304
67,162,104
� and balam t: at end of fl w al --. ear
46.662304
S fi%lj 94 - I ! ;
S 1-2,42 13 1 q
Scc Lk . - wr iltv i % i i ij i i 6qK qde n! :iiJ i rcw,' red ri
1416 -
( (Pl N i 4 ()} I A WAII
York Doditeatiom Fund
Schedule of Rerenuc%, F%penidituret. and C-hanM in Fund Halati,c
k ludgel anj A+Clual S Boddgetar} Basis)
f (x the l- ivaI Year Ended June 30, 20-1
Rv,enues - investment camings
Excess of revenues t}4[r expenditures
fUnd talmwe at begi mwg of fiscal yadr
fund lualAncr as end of fiscal ) ear
Se+r ocrampen} in€ Lrde tr., Ic-t .3jJ t,,r: ricp -rt
lelrtel 4'ttrip�nce
Original Final Ili ,,fv.c talrt I ..it ti4
Bodgc1 Budget
_ $ - S 1,201 S
1,201 _
l .072 61.072
S S 62.27.E S I?I?l
147
r. ,;I !i , .All
hurt-U('rm % a;,rtmri kk:-nl,it F_n`<,rc:ernent Fund
:l'S in Fund Balance
fat dgO ano t., ; tsi , [
I or Ow r t�, .rl i ',ii I iided June 3
Actual
Variance
c it i ;cn#I
Final
(Budgetary
Posilive
Budget
Sudgrt
Bam :,
i tiegative)
Re�en�ies:
Licences - C1 vaca,,,,on rcmml fees
S tgb,2${i
S 4�r�. `';
'.'�(}
S 1183,500)
Fines ants
0,000
1,: ��� .,
t 1,3�9`
1.q7r
Tutdl rr:vcnucc
506,150
I Lpenditurrs:
General government:
ST vicaticm rental enforcenWt
422.724
422.724
65,740
56.94.1
Pension and retimincro :untnbultions
102,MO
102.000
99-120
2.790
1 rnployccs' health imurancc
60,000
60,000
56,170
3,830
Other
21,544
21,544
21.544
i.utal expenditures
606,269
606,268
521,170
85,0"
DOIciency of revenues under expenditur
(100.018)
(IOOi,4(81
(196,9211
(96,9031
i urld balan,x a, :: ,,inning of fiscal year
1,555,685
1,W.685
1.555.685
-
F urea! balance at cr. ! .,){ fiscal yeas
$ 1.455,667
S 1,45 5.667
S 1.359,764
S (96.9031
Sce xwmpwying zxkVcn&-nt m0ho s'report_
- 148 -
SvhcduIc of ke,6enucs. I xpm1JL1Ures, acid Changes in Fund Balance
BAgcl and AaluaI 4Budgetar} Basis)
For the I va; al Ycar E.ndcd lucre 317, 202 s
.%k:lkjirl
' 'ariancc
Original
Final
1Ijudge[aij
Jlnwit ve
69aad rs
Buda
Ba'.15)
I"Vc-atiye)
Liemses - peoihermal assessnunt
S 50,DOO
$ �l),Wfl
5 SC},C1U(1
S
Invcstmem Ciamings
-
49,910
45,910
Total revenues
50,000
50,C1t](1
+sR_ I{l
49.910
f xprnditures:
("IcnCril gnvemmml
$0.000
50,000
;1ij10()
_
i L,I tI expcndiIum
ia.Doo
iC,m)
W).000
-
F xL;CLw% -.)l rcwertues over expenditures
4 8,91 0
48,910
f wid balance al beginning of fiscal year
2,320.566
2,120,5616
1,120,566
-
Flold balance a# end of fiwai1 Vear
S 2,12ta,56c,
2,320,5l,b
."..109,416
5 49,9110
ire ircomipaj11 hi imd,} p rdcnk audiiorw' rrjwrl
- 149 -
Cu41{rrl .11 htjhti�
(, c rnhlnlri� SlAci lee t't { l ,:I1,11 I wid,, F lduciar� Nei P,,, ithmk
June .!1
. ,tii;t1nCL'
Y-11C
Imprvircmem
Impri]M1remcm
Impfovemenl
Inlprmr2!mefli
and
CiRlIr
Uis#ric#
[).Pict
Disirio
District
I~ Owridablc
lax
No 18
Nu, 19
No. 0
Revolving
ULP(15its
Fur)d
F and
Fund
Fund
I: and
Fund
c Lqh and cash e1lur%aIvrL%
52,203.313
S 397,330
S 617,458
S 692,126
S 424.y if,
S 1-41+_$95
othcr cus,t,xlW funds
-
-
ik,r Ica:elwabIcs
17.597
938
�.1J-11
_
I tw1,0 ;v,%C,ts
$2,203.313
S 414,927
$ 618,31M
S 687,10
$ 124.4tk,
141J.895
l.IAhslioes
x.,,-j d lia�ihlies
$2,203.313
$
1,1'64j
S
1.645
5-
00e 1;, , 1}1cr eLOSIOddal furLd;
-
in
6.325
Advan4;: paYahle
-
_.S
28.828
463
17, 15Y
i Otza 111AIi I L IC
�9921
NtI,,.POsilion
Rc+1r11 fad fDr uth
S
S
385.006
S
616,258
S
r,�4,995
_St 4_4.4wa 5
1 11_S?+"i
Total net pDsilion
$
S
385.006
S
616,258
5
04,W
5 4_74.4L),b 5
14�..57u
Sm aw mpan) irig in&perWnt aWOW report,
- ISO-
i t't:F} k' I Ip,ni 1 1.°C3hC I Iv,:1C Improvenm"t
%.'. of:I k'uad Fund FLill d I - I'ym1 m Total
4il.�O S 444,126 S 37,190 S 5,316 S 2.635 s 5,1Q7,r,8fj
6,535 - 1 6,5 3 S
4},754 - - 14.997 V).117
s - i7,[11?t 'S .S1t� 5 17,W 5 2,271,1I+
S .17,190 1,516 S k7,;Ji? $ 2.314,317
rS_41_ ;,5(9y5[ �S ,4k y92.415 S ' s - {$ - _ S_ 3,1
�7 Z'1,595 S 492.415 S —
- 151 -
COUNTY OF HAWA11
Custodial Funds
Combining Statma nt ofC hangcs in C LIstodial Funds Fiduciary Nee Pc)Slti0n
For the Fisul'r ear Endo 1r,ne ;t>, 2023
1041ilions
LS1,ri i;li a rTWrlI ticrllCCIID6'%
i 1-6 ckTcr dCT5L)S9t
t 1111110 ft cullections
I..i1 v,cd checks
1',IIections from % vhcOe rcpit(a9tiom and tikxrvC+
1n.C51mcm cam inp.
I ataI acidiIi0m
I) dtIt6vtns
'r.n,iiicnt o f lax c�.1 s crate
Nr11er1t5 to slaw. iik,r for profsts and
impravcrnenl disiric°t
Cow ribut ians Iv dcht rcpa}J'tlww
Nd4TIimstra[i% c charges
t'r4Ir1MLjniT4 Fa-010drslrrw..t elkpen.S45.
1 .cissuaWC of C heC kS
€)111Cr
Total dcd1wita lls
Change in nct position
tier posetion at bcginnlrrg cif fiscal %c-nr
a; end o 1iscaf scar
Improvement
IIrlPfOVern.etlt
Improvement
Improwmeni
District
State Weight
District
I)iktrwi
[)iSlri}t
Revorving
Tax Fund
No. 18 Fund
No. 19 Fund
No. 20 Fund
Fund
S 27.459,935
S -
S -
S -
S -
-
91,737
$4.861
222-177
=
�7.145
11,431
11,760
8,197
27.453-� i w,
9a.982
66Z92
233.937
8,187
26,65,121 - - -
t 24,427
55.144
Ear 094
1.14,3,714 103
1,644
4.924 -
- %598
_6.782
14,879 -
27,458,8J5 131,108
63..570
105A87
- 132,1261
2,722
128,050 8.197
417,13'_
613,316
_126,93S 416�
5 5 ;85.W6
S 616,258
3 654.885 S 424,496
- 152 -
Per. -i man%:,�
'111d
Non 11rofo
i. 4gan. and
Busss
RujurilIZINC
i le-K iWv
I LL[),It,1
L icenst
I is;LIC
Improvelmeril
Total
Deposits
Spending
%' ;irrints
Plow
Education
District
Custodial
Fund
Ammm
jf"j
Fund
rum
I - Xmilum
Funds
$
8.333
1,845M3
I . s q-7. (, 19
474,461
•
4'? .1. .4p I
41MI
131,495
20.633
193.629
1. 5". 120
474,461
54.989
131.49#
20.633
1.476,899
31.568.818
104,545
16,541
1,474.002
M.q50,
4,092
4986
1, Z3 5.303
1.572.612
-
-
-
1,572.612
43,559
43.559
-
465,807
-
465107
�2,893
-
80,132
i.ri-15,495
465.807
43M9
131,495
20,63-1
1,47(�2 88E
-
31,521.277
8.654
11,429
4 1 4S.S
4.
424,441
480.986
S 1
5 -133.5Q5
S442.415
$
S
S
- 153 -
T' r i ) q f r- b F r p i . , u I ruso
t 'k Im IN I n I I I N -InI G 1 Ir �mC R ur rx)w I ':Juciar): Nc I P(i,.i I icin
Juriv 30. 202-1
Shippers' f Mal
)X harf 11F a I it
T rusi P LiF PC At:
!et; gad ruip,
Cash. )stt vquiRicrm S 628- 148 $ .1 48
;RVCSAS % _-1-.8 9'Y. I � . 1 k) 7
Total 76521i,li4 5
7
Net Pusitkin
RC!iTfiCtCd fOT' OThff parEWS
Total eta k a,
Scca"ofnpan%i¥rCNrl
- 194 -
COL %14'()I I1N'4 All
Pri.ate 11urposeTrus(s
{"ro-rr maing stawmem ofchanger in Privaw Purposr
Trust Fidiiciiry Nei Position
I-orthe risCal Ycar 1 ratted
Jurlc 30, 2021
Shippers'
Total
Wharf
Private
Trust
pugxw
F and
tFlrSti
Additions
=n)eAm3 al C'frriInwaN
i%idcwid%
x 52,002
3 52.002
1nIereA
11,172
11,373
"ve m w;iw m t4-14 vAuc u1-inwestnsenrs
�9'134
50,134
Tot d-Offiai,-n-
122'508
1 22,508
—
Decitictino
{,;all�J)AxnjCrtl%.
27.934
27.934
irn ;! r 4.n' FCC,
14.813
14,81)
7'q,4i drdI161 ili
42-747
L 42.7.0
UhanKv in net p asit'lQrt
79,761
7=;,"r, I
Net position, heKi11ning of fkca1 �- ear
2,445.794
2„445,7fS4
Net position, Grid Of fiW,11 Y,-ar
iSCC accoxrtllarn}inn isILlelt,1rrdcnt aGudiaars' mrK)ri
- 155 -
Thk paps Enteni'lonally loll lAmL
- 156 -
STATISTICA1. SECTION
(i-NAUDITED)
Contents
Yagr
Fm :mcea!'1a-Cuffs ['Buse scheduIUS Lsxntun, trend mCui malioii to help 1wIp iiie reader Understand
hovw the C'cr-.imy's inanc.ial WCormanee and -Acll-Deily", ha-e c1 mimed oer time. I 1 1
Revenue Came, v These schedules contairs information to help the reader assess the C aunty's
mosi significant local sourcti, th3: propurt}' tax. 115
Curti cro- These schedules ;present informa,.ian I hcIp the, r4:ader asscss tttc affrirdahiIity
rrf't:9e Crtunty's current Icvcls of outstanding deht anc: the C'ounty's ability to issue zrdditiUrIUl
debt in thir future. 121
f),•rrr:., r a+:.Jrrc'srrrcr :.,,;c,,,rr ° fx:j:rrr„ra 1,r, The,,c ,clicduIc-;otT'-r dL!mograpIi.c and economic
;ncators To help 1h,� r:;scier undcr.�l:ir.s1 thu ti n �, i ron m c n I wiIh.rr which thi Coijnt}.'s 1i=ianci'II
acitiI.itta�:w 12.4
7lresc schedules Contain scr'vice dInd infrastructure data to hela the
reader undcr-L LLmd how the in frirrnation in the C'uunty's financial repro relates to the servick s
provided and thu activities performed by the. County. 126
ZT
2
IN
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COUNTY OF IiAWAI 1
Principal Taxpayers
June 30, 2023 and 2014
Fiscal Year 202.1
Percew age
2022
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Assessed
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Rank VpI_�(Fjtag0
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Gross valuation at January 1, 2013: 523,542,277,844
Noses.
Sorrrcr: Lri Il;akwtai'L, De1)a1r'r11e1,I «l`1=il;ance, Real Na'045erV TIN Div;5inn
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-168-
Table
COUNTY QEHAWAII
RAtim of General Bouded Debt O ul@aA ding
La(]en M wm YvJw
Deb
]&Elo£
Applicable to
Net ]5 me
R k/
Eel I Deb!
R m r$
Per
Year
Mlma b\
Value 22
Capild (c}.
2014
29 %70 020
1.3
1,>)8
2015
31% q 2f49
E2 Q
R>
2016
362,963,113
E 2 %
Kam
2017
405&98,342-
1 a
2.V4
2018
4]%446,6} ]
E O
3 0
2019
425,151,552
1.3'
2,11.0
2020
315,676,41
ESE
3¢47
2021
416,22 5,798
Eta
\ 0§!
2 0 22
3a5,0 .$]2
E ,
1,866
2024
45 1,617,291
1.WIv
N/A
N0VkS:
(a) Sec Table]0 legal debt mJ/ m
(,b)Scu[a%Q5furma taxallIcpm2vGy¥2,6.
MSec [able]|for moplw bRded
Oaails rcgarding,tl um/Bomgan$agdC@ canI %undin m2
note to ±ems §f�Eman6/s! %mvm«
Unaudited -9eEc ,P2gglkeRkcw eo& eprl.
-1 -
40
LF
lhob
is
No
ob
wq
t,7
72
NA
1,4
ZL
ew
WR
41C
Fft
F"
Ic
f.
V.
Pi
C7 -F
170-
4Z
a
cc
. li
l'ablc I 1
COUNTY OF IIAV+AILI
Demographic and Economic Statistics
Last Ten Fiscal Year~,
Fiscal
`Personal
*Per
''car
*Izesident
1111c0mc
Capita
Fnded
Popgll,viun
Personal
School
I "rlernplo} 111cla
June 30,
as of.l,lty I
of duIlars)
Income
k-nrollment
Katc
01.,
[()0,821
$ 6,544,593
$
3.1,2.97
33,948
6-6%
M 14
194, l40
$ 6,771,329
$
3.1,870
29,98.5
6.5° a
2015
t96,429
$ 7,067,347
$
35,979
29,W
5.2%
016
198,449
7,618,924
39,392
29,753
4-71/9
_-:1117
200,391
8,053,011
S
40,188
29,666
3.5%
2018
201,509
S 8,509,398
S
42,228
29,601
M%
201 17
202,165
$ 9,602,392
S
42,55 !
29,609
4.2%
2020
203,.340
$ 9,410,824
S
-16,28'
29.21`!
13.8%
20-21
202,906
$ I G,152,965
S
�0,01 R
28,866
6.4%
M2
206,315
$ 10,2.07,652
S
49,476
28,430
4,4���
*A,ltoiwl adju,�Amalts
Serurce: Staw o l lav ai`i, Inc Partmerit 01-13usiness, FICOIII MiC I7eVcl0l)lrtcM LIIILJ
1ill [)�: dK-Alt.lL;i%5iii1
S!,ac "1! f �l'J't5 i77 i f?Cw P??"W U P�,S'T114'SS EC`0110R)k L)L.IVI0J?? ii'W LIM/
IiitFs- tll����3r.1sa��.aii.�c,v/ecc�nc�mic:ur,c.rnl�l4k}mc�yt-�€atititi:;�
BureaLl o 1'.cr?nt'tt�'ki� 7irr14S15, httl�s i;"a s.bca. cr .italrlc iTr�,k lc• ftrt
t.'17r,Li•ii' t{ - sti-ti: <ltiw(�IL14`:4Ji.�:IY�'. irs�e_°E�de:•.lti•s�4 uuj:lor'�' rk�r•:rrt.
-Il1-
Table 12
E:mj)tUy e
Staik`v, I],,-,�1: i
Ctmnl..:,t 11. xk:; 1i
1�' Rlri:l K%?,a 13ti.dc11 I-Il,tel
K-F.A Sijp r Stores
Kamehamel,a Schools l ki%v . i Island
The Fairmont 0 ivhiL1, I Iawai'i
Goodw-11 Jl. Aaii Islaild
Kol1 crv, 1{,iti4.iii, Ir!c 03m klaridj
C1uwmn'% \t trih }I,t,omn,'Jnll} l:ti}spi1P- 1
Four Seasons Kesort llualalai
IliIlor,'%VLLikoIoa V,"IIage
M.LlIld I.aiii Deis rT ii_4,er;3tic,r,; . 1iw,,.
Tzir_"er Stenos
Wal-Mart
Tolid
L31.71 CI1,17,10',ft! LOLME
NOTES.
(a) Exact employee; coil [It is unavailahle
(:OUNI"Y OF HAWAVI
Principal Em(,lovers, Counly of Hawaii
JURC 30, 202.3 and 20I4
2023
2014
Percentage
Percentage
of lblal County
rxt-Total coulav
Fmployccs
Rank
E! layment
Etttpigy-ees
Rank
F11Il719yYment
16,600
1
23.0%
8,229
1
10. %
2,800
2
3,9%
2,657
2
3.3%
I,357
3
1.9%
Ban
5
1.0%
1,300
4
1.8V/o
1,430
3
1.8%
900
S
1, 2%
767
7
i , W/O
686
6
1,00/0
588
7
0.80/0
640
9
0, P/D
.16
8
0,6%
3.13
9
0.5%
329
10
(a}
6
(a}
91CT
4
1,1%
490
10
6%,,
60)
6
f04�
V _8%
72,043
orrrce- Courtsv' of I lJep,-trtir:errt 01' KC5L:tLrch Irld Dcvdopment
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