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County of Hawaii
<br />Department of Water Supply
<br />(A component unit of the County of Hawaii, State of Hawaii)
<br />STATEMENTS OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION
<br />Fiscal Years ended June 30, 2020 and 2019
<br />2020 2019
<br />OPERATING REVENUES
<br />Water sales $ 49,052,933 $ 49,218,324
<br />OPERATING EXPENSES
<br />Power and pumping
<br />19,841,121
<br />20,642,928
<br />Depreciation
<br />14,823,615
<br />15,274,501
<br />General and administrative
<br />11,294,654
<br />11,469,496
<br />Transmission and distribution
<br />7,178,319
<br />6,755,397
<br />Purification
<br />2,295,797
<br />1,850,821
<br />Maintenance and repairs
<br />1,729,486
<br />1,727,475
<br />Customers' accounting and collecting
<br />1,284,609
<br />1,264,990
<br />Total operating expenses
<br />58,447,601
<br />58,985,608
<br />Operating loss
<br />(9,394,668)
<br />(9,767,284)
<br />NONOPERATING REVENUES
<br />Interest income
<br />775,456
<br />824,715
<br />Other
<br />700,515
<br />653,468
<br />Total nonoperating revenues
<br />1,475,971
<br />1,478,183
<br />NONOPERATING EXPENSES
<br />Interest expense on long-term debt
<br />(1,559,026)
<br />(1,714,080)
<br />Loss on disposal of capital assets
<br />(107,891)
<br />(326,031)
<br />Other
<br />(210,269)
<br />(205,994)
<br />Total nonoperating expenses
<br />(1,877,186)
<br />(2,246,105)
<br />Loss before contributions
<br />(9,795,883)
<br />(10,535,206)
<br />CONTRIBUTIONS IN AID OF CONSTRUCTION
<br />3,202,379
<br />5,031,723
<br />Change in net position
<br />(6,593,504)
<br />(5,503,483)
<br />Net position at beginning of fiscal year
<br />223,929,317
<br />229,432,800
<br />Net position at end of fiscal year
<br />$ 217,335,813 $
<br />223,929,317
<br />The accompanying notes are an integral part of these financial statements.
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