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information as shown in the government-wide financial statements,only in more detail. The
<br /> County maintains only one type of proprietary funds,enterprise funds. Enterprise funds
<br /> are used to report the same functions presented as business-type activities in the government-
<br /> wide financial statements. The County uses enterprise funds to account for the operations of
<br /> the Kulaimano Elderly Housing Project and the Ouli Ekahi Affordable Housing Project.
<br /> Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of
<br /> parties outside the County. The Geothermal Asset Fund, Shippers' Wharf Trust Fund and
<br /> the agency funds are reported under the fiduciary funds. Since the resources of these funds
<br /> are not available to support the County's own programs,they are not reflected in the
<br /> government-wide financial statements. The accounting used for fiduciary funds is much like
<br /> that used for proprietary funds.
<br /> Notes to the Basic Financial Statements
<br /> The notes to the basic financial statements provide additional information that is essential to a full
<br /> understanding of the data provided in the government-wide and fund financial statements.
<br /> Other Supplementary Information
<br /> In addition to the basic financial statements and accompanying notes,this report also presents
<br /> supplementary information,including the combining statements referred to earlier in connection
<br /> with nonmajor governmental funds and budget comparison statements for the nonmajor special
<br /> revenue funds. This supplementary information is presented immediately following the notes to
<br /> the basic financial statements.
<br /> GOVERNMENT-WIDE FINANCIAL ANALYSIS
<br /> Net Assets
<br /> June 30,2005
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2005 2004 2005 2004 2005 2004
<br /> Assets:
<br /> Current and other assets $202,715,246 $155,434,993 $1,339,425 $1,281,768 $204,054,671 $156,716,761
<br /> Capital assets 497,287,738 475,741,526 1,367,085 1,390,359 498,654,823 477,131,885
<br /> Total assets $700,002,984 $631,176,519 $2,706,510 $2,672,127 $702,709,494 $633,848,646
<br /> Liabilities:
<br /> Long-term liabilities
<br /> outstanding 286,831,687 254,407,321 1,041,285 1,065,417 287,872,972 255,472,738
<br /> Other liabilities 18,300,401 13,384,344 306,296 227,282 18,606,697 13,611,626
<br /> Total liabilities $305,132,088 $267,791,665 $1,347,581 $1,292,699 $306,479,669 $269,084,364
<br /> Net assets:
<br /> Invested in capital assets,net
<br /> of related debt 364,662,377 336,435,768 325,800 324,942 364,988,177 336,760,710
<br /> Restricted 41,950,262 37,333,730 182,167 180,782 42,132,429 37,514,512
<br /> Unrestricted(deficit) (11,741,743) (10,384,644) 850,962 873,704 (10,890,781) (9,510,940)
<br /> Total net assets $394,870,896 $363,384,854 $1,358,929 $1,379,428 _1396,229,825 $364,764,282
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