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COUNTY OF HAWAII
<br />Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position
<br />June 30, 2020
<br />Total fund balances -governmental funds S 251,039,000
<br />Amounts reported for governmental activities in the statement of
<br />net position are different because:
<br />Capital assets used in governmental activities are not financial
<br />resources and therefore are not reported in the funds. These assets
<br />consist of:
<br />Land and improvements
<br />278,888,359
<br />Infrastructure assets, net
<br />2969257,213
<br />Buildings and improvements, net
<br />635,602,987
<br />Equipment, net
<br />58,412,276
<br />Easements, net
<br />119116,725
<br />Construction work in progress
<br />80,330,851
<br />Total capital assets, net
<br />(19,341,349)
<br />Deferred amounts on refunding and pension are reported as deferred
<br />outflows of resources in the government -wide financial statements but are not
<br />are not reported in the governmental fund statements
<br />Some of the County's revenues will be collected after year-end but are
<br />not available soon enough to pay for the current period's expenditures
<br />and therefore are deferred (unearned) in the funds. (note 7)
<br />Some liabilities are not due and payable in the current period and
<br />therefore are not reported in the finds. Those liabilities consist of:
<br />Bonds and loans payable, net of receivable
<br />from improvement district
<br />(477,919,145)
<br />Interest due on long-term debt
<br />(6,176,903)
<br />Capital leases
<br />(10, 771,109)
<br />Compensated absences
<br />(45,492,699)
<br />Claims and judgments
<br />(27,809,426)
<br />Landfill costs payable
<br />(13,355,000)
<br />Pollution remediation
<br />(19,341,349)
<br />Underground storage tank liability
<br />(1,775,000)
<br />Other Postemployment Benefit Obligation (OPEB)
<br />(407,266,249)
<br />Net pension obligation
<br />(669,239,185)
<br />Total long-term liabilities
<br />Unamortized gain on refunding
<br />Deferred amounts related to pension are reported as deferred
<br />inflows of resources in the government -wide financial statements but are not
<br />are not reported in the governmental find statements
<br />Net position of governmental activities
<br />See accompanying notes to the basic financial statements.
<br />-31 -
<br />1,360,608,411
<br />206,923,055
<br />31,165,186
<br />(1,679,146,065)
<br />(873,466)
<br />(19,305,022 )
<br />S 150,411,099
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