Laserfiche WebLink
COUNTY OF HAWAII <br /> Reconciliation of the Change in Fund Balances of Governmental Funds <br /> to the Statement of Activities <br /> For the Fiscal Year Ended June 30,2022 <br /> Net change in fund balances-total governmental funds S 42,574,735 <br /> Amounts reported for governmental activities in the statement of activities are <br /> different because: <br /> Capital outlays are reported as expenditures in governmental funds. <br /> However,in the statement of activities,the cost of capital assets is <br /> allocated over their estimated useful lives as depreciation and amortization <br /> expense. In the current period,these amounts are: <br /> Capital outlay 78,293,355 <br /> Dedicated and contributed property 19,374,450 <br /> Depreciation and amortization expense and loss on disposals (52,429,455) <br /> Excess of capital outlay over depreciation and amortization expense 45,238,350 <br /> Borrowings provide current financial resources to governmental funds; <br /> however,issuing debt increases long-term liabilities in the statement <br /> of net position. In the current period,assets financed through: <br /> Leases and other financing agreements (19,315,930) <br /> Total debt proceeds (19,315,930) <br /> Repayment of long-term debt is reported as an expenditure in governmental <br /> hinds,but the repayment reduces long-term liabilities in the statement of <br /> net position. In the current year,these amounts consist of: <br /> Bond principal retirement 27,364,184 <br /> State Revolving Fund loan repayments 3,583,027 <br /> Lease and other financing agreements payments 5,743,383 <br /> Total long-term debt repayment 36,690,594 <br /> Because some revenues will not be collected for several months after the <br /> County's fiscal year end,they are not considered"available"revenues and <br /> are"deferred"in the governmental funds. Unearned revenues increased by <br /> this amount this year. 4,258,832 <br /> (Continued) <br /> - 38 - <br />