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CHAPTER 3: DEPARTMENT OF WATER SUPPLY
<br />DFPARTMFNT OF WATER SUPPLY
<br />COUNTY OF HAWAVI
<br />(A Component Unit ofthe Country of Hawaii. State of Hawaii)
<br />Management's Discussion and Analysis
<br />June 30, 2008 and 2007
<br />Condensed Pinancial Information
<br />The following are summaries from the Department's financial statements as of and for the years ended June 30,
<br />2008, 2007, and 2006:
<br />Assets:
<br />Capital assets, net
<br />Other assets
<br />Total assets
<br />Liabilities:
<br />Long -term debt
<br />Customers' deposits payable from
<br />restricted assets
<br />Other liabilities
<br />Total liabilities
<br />Net assets:
<br />Invested in capital assets, net of related debt
<br />Unrestricted
<br />Total net assets
<br />Changes in net assets:
<br />Operating revenues — water sales
<br />Total operating cxpcnses
<br />Operating loss
<br />Total nonoperating revenues
<br />fatal nonoperating expenses
<br />Change in net assets
<br />Net assets at beginning of year
<br />Net assets at end of year
<br />2008
<br />2007
<br />2006
<br />$ 204,980,889
<br />198,146,445
<br />196,418,116
<br />79,738,743
<br />81,435,224
<br />74,344,720
<br />284 „719,632
<br />279,581.669
<br />270,762,836
<br />41,247,094
<br />42.308,135
<br />41,549,919
<br />19,739,823
<br />16,207,996
<br />14,403,033
<br />8,607,005
<br />7,460,133
<br />7,343,872
<br />69,593,922
<br />65,976,264
<br />63,296,824
<br />186,215,025
<br />179,984,628
<br />1 80,181,457
<br />28,910.685
<br />33,620,777
<br />27,284,555
<br />$ 215.125.710
<br />213,605.405
<br />207,466,012
<br />$ 37,724,830
<br />37,642,805
<br />33,291,676
<br />42,966,607
<br />38,251,318
<br />37.534,821
<br />(5,241;777)
<br />(608,513)
<br />(4,241,145)
<br />8,896,067
<br />8,965,423
<br />8,760,782
<br />(2,1 33,985)
<br />(2,217,517)
<br />(1.669,152)
<br />1,520,305
<br />6,139,393
<br />2,848,485
<br />213,605,405
<br />207,466,012
<br />204,617,527
<br />5 215,125,710
<br />213,605,405
<br />207,466,012
<br />Source: KPMG Department of Water Supply County of Hawaii (A Component Unit of the County of
<br />Hawaii. State of Hawaii) Financial Statements June 30, 2008 and 2007 (With Independent Auditors'
<br />Report Thereon) dated February 13, 2009
<br />IN
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