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HomeMy WebLinkAbout2006 CAFR Part 3 This page intentionally left blank. -85- COUNTY OF HAWAII Nonmajor Governmental Funds Combining Statement of Revenues,Expenditures,and Changes in Fund Balances(Deficit) For the Fiscal Year Ended June 30,2006 Special Revenue Funds Parking Vehicle Highway Sewer Cemetery Meter Disposal Fund Fund Fund Fund Fund Revenues Fuel tax $ 7,857,394 $ - $ - $ - $ - Public utility franchise tax 7,328,887 - - - - Licenses and permits 6,564,674 - - - 1,987,136 Intergovernmental 331,380 - - - - Charges for services - 6,541,202 - 13,048 83 Investment earnings - - - - - Miscellaneous 411,016 I0,167 11,750 - - Total revenues 22,493,351 6,551,369 11,750 13,048 1,987,219 Expenditures Current: Public safety 4,046,898 - - - - Highways and streets 8,425,334 - - 11,621 - Sanitation - 5,058,844 - - 1,706,604 Health,education and welfare - - 23,422 - - Culture and recreation - - - - - Pension and retirement contributions 1,256,940 384,431 - - 10,672 Employees'health insurance 579,022 177,423 - - 6,148 Miscellaneous 512,053 1,035,343 - - - Debt service: Principal - - - - - Interest - - - - - Total expenditures 14,820,247 6,656,041 23,422 11,621 1,723,424 Excess(deficiency)of revenues over expenditures 7,673,104 _ (104,672) (11,672 1,427 263,795 Other Financing Sources(Uses) Transfers in 222,000 - - - - Increase in capital leases - - - - - Transfers out (6,413,000) - - - - Total other financing sources(uses) (6,191,000) - - - - Net change in fund balances 1,482,104 (104,672) (11,672) 1,427 263,795 Fund balances at beginning of year 8,289,378 7,583,340 50,331 97,812 1,531,290 Fund balances(deficit)at end of year $ 9,771,482 $ 7,478,668 $ 38,659 $ 99,239 $1,795,085 - 86- Special Revenue Funds Workforce Golf Geothermal Beauti- Park Bikeway Investment Course Relocation fication Housing Dedication Fund Act Fund Fund Rev.Fund Fund Agency Fund $ - $ - $ - $ - $ - $ - $ - 20,512 - - - 165,599 - - 1,893,651 - - - 11,148,702 - - 728,292 - - - - - - - 140,616 2,129 - - - 476,951 - 356,305 - 20,512 1,893,651 728,292 476,951 165,599 11,645,623 2,129 660 - - - 78,138 - - 1,893,651 - - - 11,452,457 - - 743,412 - - - - - 127,603 - - 383,147 - 68,164 - 127,944 - - - 3,108 - - - - - - - - 1,170 - - - - - 306 - 660 1,893,651 942,287 - 78,138 11,965,024 - 19,852 - 13,995 476,951 87,461 (319,401) 2,129 - - 161,804 - - 935,303 - - - - 8,689 - - - 161,804 - - 943,992 - 19,852 - (52,191) 476,951 87,461 624,59I 2,129 346,176 - 35,895 1,521,678 585,281 5,810,432 75,642 $ 366,028 $ - $ (16,296) $ 1,998,629 $ 672,742 $ 6,435,023 $ 77,771 (Continued) -87- COUNTY OF HAWAII Nonmajor Governmental Funds Combining Statement of Revenues,Expenditures,and Changes in Fund Balances(Deficit) For the Fiscal Year Ended June 30,2006 (Concluded) Debt Service Funds Total Bond Nonmajor Interest Redemption Governmental Fund Fund Funds Revenues Fuel tax $ - $ - $ 7,857,394 Public utility franchise tax - - 7,328,887 Licenses and permits - - 8,737,921 Intergovernmental - - 13,373,733 Charges for services - - 7,282,625 Investment earnings - - 142,745 Miscellaneous - - 1,266,189 Total revenues - - 45,989,494 Expenditures Current: Public safety - - 4,046,898 Highways and streets - - 8,515,753 Sanitation - - 6,765,448 Health,education and welfare - - 13,369,530 Culture and recreation - - 743,412 Pension and retirement contributions - - 2,162,793 Employees'health insurance - - 958,701 Miscellaneous - - 1,550,504 Debt service: Principal - 12,878,605 12,879,775 Interest 9,776,065 - 9,776,371 Total expenditures 9,776,065 12,878,605 60,769,185 Excess(deficiency)of revenues over expenditures (9,776,065) (12,878,605) (14,779,691) Other Financing Sources(Uses) Transfers in 9,450,054 14,946,565 25,715,726 Increase in capital leases - - 8,689 Transfers out - - (6,413,000) Total other financing sources(uses) 9,450,054 14,946,565 19,311,415 Net change in fund balances (326,011) 2,067,960 4,531,724 Fund balances at beginning of year 612,164 1429,594 40,969,013 Fund balances(deficit)at end of year $ 286,153 $ 16,497,554 $45,500,737 See accompanying independent auditors'report. -88- COUNTY OF HAWAII Highway Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues: Taxes: Fuel tax $7,580,000 $7,580,000 $ 7,857,394 $ 277,394 Public utility franchise tax 6,000,000 6,000,000 7,328,887 1,328,887 Total taxes 13,580,000 13,580,000 15,186,281 1,606,281 Licenses and permits-motor vehicle weight taxes 5,195,341 5,195,341 6,564,674 1,369,333 Intergovernmental 300,058 324,058 331,380 7,322 Charges for current services 175,000 175,000 253,878 78,878 Miscellaneous 91,579 91,579 157,138 65,559 Total revenues 19,341,978 19,365,978 22,493,351 3,127,373 Expenditures: Public safety-traffic engineering 4,016,098 4,901,760 4,246,653 655,107 Highways and streets 8,267,806 9,712,394 8,374,366 1,338,028 Highways and streets-mass transit 694,000 694,000 412,066 281,934 Pension and retirement contributions I,305,000 1,345,000 1,256,940 88,060 Health fund 800,000 800,000 579,022 220,978 Miscellaneous 1,413,000 1,124,412 481,936 642,476 Total expenditures 16,495,904 18,577,566 15,350,983 3,226,583 Excess of revenues over expenditures 2,846,074 788,412 7,142,368 6,353,956 Other financing uses-transfers in(out)- General Fund - 222,000 222,000 - Capital Projects Fund (4,773,000) (6,413,000) (6,413,000) - Total other financing uses (4,773,000) (6,191,000) (6,191,000) - Excess(deficiency)of revenues over expenditures and other uses (1,926,926) (5,402,588) 951,368 6,353,956 Fund balance at beginning of year 8,289,378 8,289,378 8,289,378 - Fund balance at end of year $6,362,452 $2,886,790 $ 9,240,746 $ 6,353,956 See accompanying independent auditors'report. -89- COUNTY OF HAWAII Sewer Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues: Charges for current services-sewer fees $6,350,647 S 6,350,647 $ 6,541,202 $ 190,555 Miscellaneous 100 100 10,167 10,067 Total revenues 6,350,747 6,350,747 6,551,369 200,622 Expenditures: Sanitation 5,479,437 5,479,437 5,014,079 465,358 Pension and retirement contributions 452,208 452,208 384,431 67,777 Health fund 191,187 191,187 177,423 13,764 Miscellaneous 2,311,230 2,311,230 217,116 2,094,114 Total expenditures 8,434,062 8,434,062 5,793,049 2,641,013 Excess(deficiency)of revenues over expenditures (2,083,315) (2,083,315) 758,320 2,841,635 Fund balance at beginning of year 7,583,340 7,583,340 7,583,340 - Fund balance at end of year $ 5,500,025 $ 5,500,025 $ 8,341,660 $ 2,841,635 See accompanying independent auditors'report. -90- COUNTY OF HAWAII Cemetery Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues-miscellaneous-sale of cemetery plots $ 16,000 $ 16,000 $ 11,750 $ (4,250) Expenditures-health,education and welfare 16,000 32,000 23,422 8,578 Deficiency of revenues over expenditures - (16,000) (11,672) 4,328 Fund balance at beginning of year 50,331 50,331 50,331 - Fund balance at end of year $ 50,331 $ 34,331 $ 38,659 $ 4,328 See accompanying independent auditors'report. -91 - COUNTY OF HAWAII Parking Meter Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues- Charges for current services-highways and streets $ - $ 9,000 $ 13,048 $ 4,048 Expenditures- Highways and streets - 20,000 11,621 8,379 Excess(deficiency)of revenues over expenditures - (11,000) 1,427 12,427 Fund balance at beginning of year 97,812 97,812 97,812 - Fund balance at end of year $ 97,812 $ 86,812 $ 99,239 $ 12,427 See accompanying independent auditors'report. -92- COUNTY OF HAWAII Vehicle Disposal Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues: Licenses and permits-vehicle disposal fee $1,872,000 $1,872,000 $1,987,136 $ 115,136 Charges for services-towing charges - - 83 83 Total revenues 1,872,000 1,872,000 1,987,219 1 15,219 Expenditures: Sanitation 2,214,606 2,214,256 1,672,521 541,735 Pension and retirement contributions 10,500 10,850 10,672 178 Health fund 6,600 6,600 6,148 452 Total expenditures 2,231,706 2,231,706 1,689,341 542,365 Excess(deficiency)of revenues over expenditures (359,706) (359,706) 297,878 657,584 Fund balance at beginning of year 1,531,290 1,531,290 1,531,290 - Fund balance at end of year $1,171,584 $ 1,171,584 $1,829,168 $ 657,584 See accompanying independent auditors'report. -93 - COUNTY OF HAWAII Bikeway Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Original Actual Variance and Final (Budgetary Positive Budget Basis) (Na ive Revenues-licenses and permits- bicycle tax $ 25,000 $ 20,512 ($4,488) Expenditures-highways and streets 171,000 660 170,340 Excess(deficiency)of revenues over expenditures (146,000) 19,852 165,852 Fund balance at beginning of year 346,176 346,176 - Fund balance at end of year $200,176 $366,028 $165,852 See accompanying independent auditors'report. -94- COUNTY OF HAWAII Workforce Investment Act Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues-intergovernmental-federal grants $ - $ 20,115 $ 20,115 $ - Expenditures-health,education&welfare - 20,115 20,115 - Excess of revenues over expenditures - - - - Fund balance at beginning of year - - - - Fund balance at end of year $ - $ - $ - $ - See accompanying independent auditors'report -95 - COUNTY OF HAWAII Golf Course Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues: Charges for services $ 844,500 $ 844,500 $728,292 $ (116,208) Miscellaneous - - - - Total revenues 844,500 844,500 728,292 (116,208) Expenditures: Culture and recreation 764,182 801,182 787,271 13,911 Pension and retirement contributions I21,122 129,472 127,603 1,869 Health fund 90,000 69,000 68,164 836 Miscellaneous 31,000 6,650 3,350 3,300 Total expenditures 1,006,304 1,006,304 986,388 19,916 Deficiency of revenues over expenditures (161,804) (161,804) (258,096) (96,292) Other financing sources: Transfers in-General Fund 161,804 161,804 161,804 - Deficiency of revenues and other sources over expenditures - - (96,292) (96,292) Fund balance at beginning of year 35,895 35,895 35,895 - Fund balance(deficit)at end of year $ 35,895 $ 35,895 $(60,397) $ (96,292) See accompanying independent auditors'report. -96- COUNTY OF HAWAII Geothermal Relocation Revolving Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Original Actual Variance and Final (Budgetary Positive Budget Basis) egative) Revenues-miscellaneous-geothermal royalties $ 150,000 $ 476,951 $ 326,951 Expenditures-general government 150,000 150,000 - Excess of revenues over expenditures - 326,951 326,951 Fund balance at beginning of year 1,521,678 1,521,678 - Fund balance at end of year $ 1,521,678 $ 1,848,629 $ 326,951 See accompanying independent auditors'report. -97- COUNTY OF HAWAII Beautification Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues- licenses and permits-highway beautification $150,000 $150,000 $ 165,599 $ 15,599 Expenditures-highways and streets 225,000 225,000 77,075 147,925 Excess(deficiency)of revenues over expenditures (75,000) (75,000) 88,524 163,524 Fund balance at beginning of year 585,281 585,281 585,281 - Fund balance at end of year $510,281 $510,281 $ 673,805 $ 163,524 See accompanying independent auditors'report. -98 - COUNTY OF HAWAII Hawaii County Housing Agency Schedule of Revenues, Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Bu d ett Budget Basis) (Negative) Revenues: Intergovernmental- Federal-HUD-Voucher program $10,980,800 $11,130,800 $11,145,752 $ 14,952 State-Native Hawaiian Housing - 50,000 2,950 (47,050) Interest earned 2,290 2,290 140,616 138,326 Resale of property - - 356,154 356,154 Other - - 151 151 Total revenues 10,983,090 11,183,090 11,645,623 462,533 Expenditures: Health,education&welfare 11,301,760 11,691,760 11,224,743 467,017 Pension and retirement contributions 429,000 429,000 383,147 45,853 Health Fund 143,100 143,100 127,944 15,156 Miscellaneous 2,290 2,290 - 2,290 Total expenditures 11,876,150 12,266,150 11,735,834 530,316 Deficiency of revenues over expenditures (893,060) (1,083,060) (90,211) 992,849 Other financing sources: Transfers in-Cenral Fund 745,303 935,303 935,303 - Excess(deficiency)of revenues and other sources over expenditures (147,757) (147,757) 845,092 992,849 Fund balance at beginning of year 5,810,432 5,810,432 5,810,432 - Fund balance at end of year $ 5,662,675 $ 5,662,675 $ 6,655,524 $ 992,849 See accompanying independent auditors'report. -99- COUNTY OF HAWAII Park Dedication Fund Schedule of Revenues,Expenditures and Changes in Fund Balance- Budget and Actual(Budgetary Basis) For the Fiscal Year Ended June 30,2006 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues-interest $ - $ - $ 2,129 $ 2,129 Expenditures-culture and recreation - - - - Excess of revenues over expenditures - - 2,129 2,129 Fund balance at beginning of year 75,642 75,642 75,642 - Fund balance at end of year $75,642 $75,642 $77,771 $2,129 See accompanying independent auditors'report. - 100- This page intentionally left blank. - 101 - COUNTY OF HAWAII Agency Funds Combining Balance Sheet June 30,2006 Performance State Improvement Improvement Improvement and Weight District District District Refundable Tax No. 17 No. 18 Revolving Deposits Assets Cash and cash equivalents $ - $ 844,320 $ 355,144 $ - $ 178,059 Investments - - 540,000 356,209 - Due from other agency funds - - - - - Other receivables - 81,536 7,182 - 12,320 Restricted assets- cash and cash equivalents - 637,000 - - - Total assets $ - $ 1,562,856 $ 902,326 $ 356,209 $ 190,379 Due to other agency funds $ - $ - $ - $ - $ 1,480 Accrued liabilities - 92,332 10,591 - - Customer advances and deposits - - - - 188,899 Assets held for the benefit of improvement districts - 1,470,524 891,735 356,209 - Total liabilities $ - $ 1,562,856 $ 902,326 $ 356,209 $ 190,379 See accompanying independent auditors'report. - 102- Non-Profit Flexible Lapsed License Organ& Payroll Spending Warrants Plates Tissue Educ. Clearance Account Fund Fund Fund Total $1,458,857 $324,898 $ 70,936 $ - $ - $ 3,232,214 - - - - 896,209 - - 7,346 - - 7,346 1,468 - 37,180 - - 139,686 - - - - - 637,000 $1,460,325 $324,898 $ 115,462 $ - $ - $ 4,912,455 $ 5,866 $ - $ - $ - $ - $ 7,346 1,454,459 324,898 115,462 - - 1,997,742 - - - - - 188,899 - - - - - 2,718,468 $1,460,325 $324,898 $ 115,462 $ - $ - $ 4,912,455 - 103 - COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2006 Balance Balance July 1, June 30, 2005 Additions Deductions 2006 State Weight Tax Fund Assets Cash and cash equivalents $ - $ 10,571,553 $ 10,571,553 $ - Liabilities Vouchers payable $ - $ 10,563,825 $ 10,563,825 $ - Accrued liabilities-due to State of Hawaii - 9,842,996 9,842,996 $ Total liabilities $ - $ 20,406,821 $ 20,406,821 $ - Improvement District No. 17 Assets Cash and cash equivalents $ 740,446 $ 1,055,534 $ 951,660 $ 844,320 Restricted assets-cash and cash equiv. 637,000 - - 637,000 Other receivables - 1,080,903 999,367 81,536 Total assets $ 1,377,446 $ 2,136,437 $ 1,951,027 $ 1,562,856 Liabilities Vouchers payable $ - $ 1,415 $ 1,415 $ - Accrued liabilities - 1,068,154 975,822 92,332 Assets held for the benefit of improvement districts 1,377,446 1,048,344 955,266 1,470,524 Total liabilities $ 1,377,446 $ 2,117,913 $ 1,932,503 $ I,562,856 Improvement District No.18 Assets Cash and cash equivalents $ 313,884 $ 104,690 $ 63,430 $ 355,144 Investments - 540,000 - 540,000 Other receivables - 545,094 537,912 7,182 Total assets $ 313,884 $ 1,189,784 $ 601,342 $ 902,326 Liabilities Vouchers payable $ - $ 5,266 $ 5,266 $ - Accrued liabilities - 548,503 537,912 10,591 Assets held for the benefit of improvement districts 313,884 644,690 66,839 891,735 Total liabilities $ 313,884 $ 1,198,459 $ 610,017 $ 902,326 - 104- COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2006 Balance Balance July I, June 30, 2005 Additions Deductions 2006 Improvement District Revolving Fund Assets Cash and cash equivalents $ 351,319 $ 9,890 $ 361,209 $ - Investments - 356,209 - 356,209 Total assets $ 351,319 $ 366,099 $ 361,209 $ 356,209 Liabilities Assets held for the benefit of improvement districts $ 351,319 $ 9,890 $ 5,000 $ 356,209 Performance and Refundable Deposits Fund Assets Cash and cash equivalents $ 205,692 $ 283,398 $ 311,031 $ 178,059 Other receivables - 12,320 - 12,320 Total assets $ 205,692 $ 295,718 $ 311,031 $ 190,379 Liabilities Vouchers payable $ - $ 298,969 $ 298,969 $ Due to other funds 2,672 1,480 2,672 1,480 Accrued liabilities 9,790 - 9,790 - Customer advances and deposits 193,230 291,858 296,189 188,899 Total liabilities $ 205,692 $ 592,307 $ 607,620 $ 190,379 Payroll Clearance Fund Assets Cash and cash equivalents $ 1,307,077 $ 162,182,973 $ 162,031,193 $ 1,458,857 Due from other funds - 160,966,947 160,966,947 - Other receivables 2,918 5,737 7,187 1,468 Total assets $ 1,309,995 $ 323,155,657 $323,005,327 $ 1,460,325 Liabilities Vouchers payable $ - $ 64,105,156 $ 64,105,156 $ - Payroll refunds payable - 12,606 8,162 4,444 Due to other funds 444 8,629 3,207 5,866 Accrued liabilities 1,309,551 61,434,037 61,293,573 1,450,015 Total liabilities $ 1,309,995 $ 125,560,428 $125,410,098 $ 1,460,325 - 105 - COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2006 Balance Balance July 1, June 30, 2005 Additions Deductions 2006 Flexible Spending Account Assets Cash and cash equivalents $ 293,208 $ 445,351 $ 413,661 $ 324,898 Liabilities Accrued liabilities $ 293,208 $ 445,351 $ 413,661 $ 324,898 Lapsed Warrants Fund Assets Cash and cash equivalents $ 41,813 $ 30,794 $ 1,67I $ 70,936 Due from other funds 3,116 7,346 3,116 7,346 Other receivables 27,I20 37,180 27,120 37,180 Total assets $ 72,049 S 75,320 $ 31,907 $ 115,462 Liabilities Vouchers payable $ - $ 1,253 $ 1,253 $ - Accrued liabilities 72,049 48,980 5,567 115,462 Total liabilities $ 72,049 $ 50,233 $ 6,820 $ 115,462 Non-Profit License Plates Fund Assets Cash and cash equivalents $ (25) $ 4,250 $ 4,225 $ - Due from other funds 25 - 25 - $ - $ 4,250 $ 4,250 $ - Liabilities Vouchers payable $ - $ 4,225 $ 4,225 $ - Due to non-profit agency - 4,250 4,250 - Total liabilities $ - $ 8,475 $ 8,475 $ - - 106- COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2006 Balance Balance July 1, June 30, 2005 Additions Deductions 2006 Organ and Tissue Education Fund Assets Cash and cash equivalents $ 25 $ 29,339 $ 29,364 $ - Total assets 25 $ 29,339 $ 29,364 $Liabilities Vouchers payable $ - $ 1,570 $ 1,570 $ Due to other funds 25 - 25 Accrued liabilities-due to State of Hawaii - 29,364 29,364 Total liabilities $ 25 $ 30,934 $ 30,959 $ - Total-All Agency Funds Assets Cash and cash equivalents $ 3,253,439 $ 174,717,772 $174,738,997 $ 3,232,214 Investments - 896,209 - 896,209 Due from other funds 3,141 160,974,293 160,970,088 7,346 Other receivables 30,038 1,681,234 1,571,586 139,686 Restricted assets-cash and cash equiv. 637,000 - - 637,000 Total assets $ 3,923,618 $ 338,269,508 $337,280,671 $ 4,912,455 Liabilities Vouchers payable $ - $ 74,981,679 $ 74,981,679 $ - Payroll refunds payable - 12,606 8,162 4,444 Due to other funds 3,141 10,109 5,904 7,346 Due to non-profit agency - 4,250 4,250 - Accrued liabilities 1,684,598 63,545,025 63,236,325 1,993,298 Accrued liabilities-due to State of Hawaii - 9,872,360 9,872,360 - Customer advances and deposits 193,230 291,858 296,189 188,899 Assets held for the benefit of improvement districts 2,042,649 1,702,924 1,027,105 2,718,468 Total liabilities $ 3,923,618 $ 150,420,811 $149,431,974 S 4,912,455 See accompanying independent auditors'report. - 107- COUNTY OF HAWAII Private Purpose Trusts Combining Statement of Private Purpose Trust Net Assets June 30,2006 Shippers' Total Geothermal Wharf Private- Asset Trust Purpose Assets Fund Fund Trusts Cash and cash equivalents $ - $ 1,714,176 $ 1,714,176 Investments 1,771,683 967,509 2,739,192 Receivables - 34,914 34,914 Total assets 1,771,683 2,716,599 4,488,282 Liabilities Accrued liabilities 133,393 - 133,393 Total liabilities 133,393 - 133,393 Net Assets Held in trust for other parties 1,638,290 2,716,599 4,354,889 Total net assets $ 1,638,290 $ 2,716,599 $ 4,354,889 See accompanying independent auditors'report. - 108 - COUNTY OF HAWAII Private Purpose Trusts Combining Statement of Changes in Private Purpose Trust Net Assets For the Fiscal Year Ended June 30,2006 Shippers' Total Geothermal Wharf Private- Asset Trust Purpose Fund Fund Trusts Additions Contributions: Puna Geothermal Venture $ 50,000 $ - $ 50,000 Investment earnings: Net decrease in fair value of investments - (6,908) (6,908) Dividends - 45,758 45,758 Interest 45,451 62,596 108,047 Total additions 95,451 101,446 196,897 Deductions Claims paid 7,246 - 7,246 Total deductions 7,246 - 7,246 Change in net assets 88,205 101,446 189,651 Net assets-beginning of year 1,550,085 2,615,153 4,165,238 Net assets-end of year S 1,638,290 $ 22716,599 $4,354,889 See accompanying independent auditors'report. - 109- This page intentionally left blank. - 110- STATISTICAL SECTION (UNAUDITED) �O 00 .- kn t:t C` N O N N n o% 00 ON M Q` M CO) 00 p Cli V^ O� I� Vl [� Z OO f•1 M Vl �t t- N M 00 C? CT 00 H O oo 00 00 dd' 0000 64 64 b9 64 64 69 � �D 'tt fT O �O +D N t• N a0 N (•-� Cll (-� 00 Olt! •--� Q� O� �--� f l� 00 kn O Sri N O 00 00 N O ON N 00 v1 +n 00 M O% N p \6 CT C� 00 M 00 m T •-• 00 CV ON M en v M 69 64 69 6oq 6113, &1 00 C> Nr N N 00 C N o N N 0kn Nr 0� 0+� t V � v� N lA M d O M Ol, d O m m 00 00 cd O M 0 � M M M —0 00 M kn f Q N I's n O M O\ ,:i, 0 M M %O M M \0 (y M M M M 69 64 64 64 V% 6R " 00 IRr w t� pp N n a\ 00 �10 o y y vl vi Vy kn 00 O V- cn V d p v1 I f15 M 00 r -+ f� C Vl 00 t- N %O M 0 �10 O to 00 110 n I-- m •-µ M 00 n C� o Vl N O ►WQ,a "+ d N d M 00 M ON r-- N O c0 N M C` en 00 M CZ N 07 is, V cn ccn N M M N a i M O w cs3 &% 6s 6e bs O� O N r` O N O O) 00 o C- N O� v5 %O N 00 N M mil' O N O O N d O+ M V O o0 M n Olt N O O C- O\ ON �o �D � ' I'D C O N M O 1-t r` 1* C+ V7 O 00 1, O Qw •-+ o0 N M •-• 00 c. N M O, V7 N N ip N T Q\ N ot N M m >1 L' 69 &% 64 6R 6! &l1 00 tij H +N+ 'D C3 �O �aa sue. td . y Y a o o �i o y y " c .' ba a i c a c 5 A o 48 2 73 E ° � U � � � _�_ � a QD _° � � •� O > > a Table 2 COUNTY OF HAWAII Changes in Net Assets Last Five Fiscal Years Final Year 2002 2003 2004 2005 2006 ProMm Revenues Governmental activities Charges for services: General government S 2,173,770 S 1,911 070 S 1,947,554 S 3,227,420 S 4,032,542 Public safety 3,927,495 4,349,355 5,061,174 6,262,259 6,975,962 Highways and streets 4,422,416 5,324,908 6,052,544 7,629,139 9,079,094 Health,education and welfare 863,365 991,725 884,075 1,272,091 980,147 Culture and recreation 1,366,370 1,593,620 1,588,945 1,521,127 1,439,784 Sanitation 10,969,909 10,596,469 13,653,722 15,465,478 16,469,745 Operating grants and contributions 27,198,314 31,544,494 33,327,I91 36,370,993 38,252,889 Capital grants aad contributions 27,87I,495 19 ,821 9,668,981 26,221,627 14,801,828 Total governmental activitss program revenues 78,795,134 75,376,462 72,184,186 97,970,134 92,031,981 Busines"pe activities. Charges for services; Health,education and welfare $ 279,369 S 304,671 S 303,047 $ 314,971 S 338,14) Operating grants and contributions 147,582 147,997 143,769 135,829 141,019 Total business-type activities program revenues 426,951 _ 452,668 446,8I6 450,800 479,160 Total primary government program revenues $ 79,222,085 $ 756829,130 S 72,631,002 S 9$420,934 S 92,511,141 Expew" Governmental activities: General govemmerrt S 37,796,311 S 36,461,949 S 40,085,357 S 51,262,329 S 38,264,132 Public Safety 75,709394 77,131,374 90,434,696 94,422,057 106,067,466 Highways and Streets 22,627,472 15,512,957 17,563,608 20,857,341 24,783,476 Health,education and welfare 17,854,112 20,205,386 23,041,963 21,503,635 20,181,685 Culture and recreation 14,403,986 16,430,590 15,979,854 16,124,457 19,464,962 Sanitation 19,641,654 19,022,213 20,084,654 26,669,660 27,265,515 Interest on long-fain debt 8,769,167 8,680,999 9,553.966 8718,758 10,168,710 Total governmen tat activities expenses 196,302,096 193,445,469 216,744098 239,55837 246,195,946 Business-type activities: Health,education and welfare 455,936 450,343 466,143 _ 484,879 547,201 Teal business-type activities expenses 455,936 450,343 466,143 484,879 547,201 Total primary government expenses S 196,758,032 S 193,895,811 S 217 210 241 S 240,043,116 S 246,743,147 Nel Revenue(Expense) Governmental activities S(117,506,962) $(118,069,006) S(144,559,912) S(141,588,103) S(154,163,965) Business-type activities (28,985) 2,325 (19,327) (34,079) (68,041) Total primary govemment net expense =5(117,535,947) S(II&066,681) 5(144,579,239} 5(141,622,182) 1(154232,006) General Revenues and Otber Changes in Net Assets Governmental activities: General revenues: Property taxes $ 94,197,060 S 109,151,524 S 119,864,237 S 129,775,410 S 152,182,806 Public service company tax 5,109,291 5,063,997 5,332,478 6,351,273 6,811,493 Franckisetaxes 4,992,959 4,816,565 5,373,144 6,016,890 7,328,897 Fuel tax 6,421,837 7,343,088 7,552317 7,580,740 7,857,394 Grants and contributions nee restricted to specific programs 13,501,966 13,931,403 15,251,443 16,734,850 18,510,262 Investment earnings 3,568,210 1,936,635 1,729,531 2,957,188 4,976,178 Miscellaneous 1,582,980 4,641,884 4,825,259 3,657,794 2,110,854 Transfers out (638,445 Total governmental activities 128,534,858 146,884,996 159,928,409 173,074,145_ 199,777,864 Business-type activities: General revenues: investmenteamings 19,064 12,084 8,006 13,560 22,874 Total busines"pe activities 19,064 12,084 8,006 13,580 _ 22,874 Total primary govanment S 111.153&122 SS 146 997,090 S 159,936,415 S 173,087,725 S 1991800,738 Changes la Net Assets Governmental activities S 11,027,896 S 28,815,990 S 15,368,497 S 31,486,042 S 45,613,899 Business-type activities _ (9,9211 14,409 (11,321 _ (20,499) (45,167) Total primary goverrunent changes in net assets S 11,017,975 $ 28,830,399 S 15,357,176 S 31,465 53 43 S 45,568,732 NOTE: GASB 34 was implemented in fiscal year 2002. Unaudited-see accomparrymg independent auditors'report M h N n .Mp N 00 .'� ryory In m In o N r N C. ^ o � r Ia In It.4 h N N 00 n CD W In gl O M M 00 O app e+l oo n v;v;n O C O N 14 ID N r N bona O O m�O O, h o a n o c r o A P O a N CA H O OOD P iN` F1 � b vNl RN O b O I (off O fQ+ n f� OMO VPl yny �p C� � O N 0000 N Q � •� �O a0 � V��D Q � 4.r r •` N M o0 � �D h O V � W u cU�U F APO n nr o n Q m $ Vrnl O h ONO 00 W N V a ry Go vvat� o 00 s n *0 4: o0 1B N °D N n m w � wr vi P h 01 h C`{V�� 0o N N ao 0o N M W N N N n iP+ O�0 V1 N O 10 C-n1 � _ 1 N P `oYf C Co. ID O O w N b z a � Or v E o u > g BZs 1 c � _ � cater a ` a H a Table 4 COUNTY OF HAWAII Changes is Rand Balances,Governmental Funds (Modified accrual basis of accounting) Last Ten Fiscal Years (Amounts in thousands) Fiscal Year 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Revenues! Property tax $96,490 587,420 1 84,792 $83,271 $94,240 $93,712 S109,991 S 121,868 $131,087 $153,207 Public service company tax - - - 5,108 5,064 5,332 6,351 6,812 Fuel tax 5,783 5,832 5,900 6,103 6,450 6,422 7,343 7,552 7,581 7,857 Public utility franchise tax 3,851 4,080 3,953 3,950 4,777 4,993 4,817 5,373 6,017 7,329 Licenses and permits 6,124 6,351 6,952 7,261 7,412 7,781 9,261 1 1,840 14,442 16,544 Intergovernmental 43,708 42,375 43,057 38,383 55,034 68,918 65,203 58,559 73,372 69,637 Gtarges for services 7,7% 8,885 10,148 11,215 12,056 11,689 13,481 14,467 18,149 19,852 Invesmenteamings 5,870 5,888 5,552 5,284 6,409 3,801 2,066 1,806 3,104 5,223 Miscellaneous 2,219 2,224 3,476 2,416 2,529 3,035 6,179 4,718 4,450 4,380_ Total Revenues 161,841 163,055 163,830 157,883 178,907 205,459 223,405 231,515 264,553 290,841 Expenditures: Current: General government 19,618 20,512 20,797 21,442 22,073 20,192 22,317 23,070 26,183 31,153 Public safety 54,390 55,673 56,035 58,395 59,391 61,870 64,667 69,117 76,404 83,591 Highways and streets 6,983 6,621 8,148 8,006 9,998 8,376 8,675 9,542 9,787 12,608 Sanitation 11,717 12,082 12,287 12,856 13,481 14,789 16,629 17,602 21,883 26,565 Health.education and welfare 5,007 5,011 5,310 5,079 8,344 16,726 18,867 19,047 19,870 19,050 Cultum and recreation 11,462 11,800 12,321 13,526 12,085 12,127 13,086 13,169 13,982 24,731 Pension and retirement contributions 14,295 14,044 9,785 5,641 3,679 11,019 7,926 11,081 14,204 19,937 Employaee health insurance 8,688 9,438 9,264 9,544 10,773 12,198 12,758 14,256 16,168 16,133 Miscellaneous 2,947 3,364 3,617 4,224 4,040 5,330 5,629 7,128 6,133 6,780 Debt service: Principal 6,225 6,473 7,974 8,862 9,399 10,025 11,800 12,826 13,150 14,060 Interest 7,630 7,755 7,508 7,759 8,416 8,467 8,469 9,283 9,534 9,914 Capital outlay 34,917 17,700 28,708 21,909 37,648 41,580 32,952 23,474 32,816 30,588 Total Expenditures 183,879 170,473 181,754 175,243 i99 327 222,699 223,775 229,595 260,114 285,110 Revenues ova(under)Expenditures (22,038) (7,418) (17,924) (17,360) (20,420) (17,240) (370) 1,920 4,439 5,731 Other Financing Sources(Uses): Sale of assets 15 17 54 28 16 15 9 1,593 1,486 82 Capiw leases 469 - - 2,677 23 930 1,353 1,474 1,369 404 State Revolving Fund loans 12,093 1,405 1,325 5,530 3,422 578 853 - 1,504 25 Sale ofbonds 15 - 29,878 - 15,175 37,262 1,725 30,000 25,000 Refunding bonds - 18,776 - 24,595 - Premium on bonds - - _ - - 3,025 972 Refunding bonds issuance costs - (124) - Payment to refunded bond escrow agent (18,776) 025.885) Refund to lot owners - (212) - - - Transfers in 25,078 27,068 30,385 25,647 28,625 29.529 29,943 39,440 42,119 45,691 Transfers out (25,069) (27,068) (30,385 2( 5.634) (28,568) _(30.367) (29.943) 39,440 (42,119) (45,691) Total other financing sources(uses) 12,601 1,422 1,167 38,126 3,518 15,860 39,477 4,792_ 35,965 26,483 Net change in fund balances 22S 4 (I 14 Debt service as a permnage of noncapital expenditures 10.3% 9.3% 10.1% 10.8% 11.0% 10.2% 10,6% 10.7% 10.0% 9.4% Unaudited-see socomponying independent auditors'report. -114- tn O N N t- 1D O1 O V1 m a, O ttpp w --� t+ M N C 10 t� oo 00 O t- in �O m o m O O '�-� .� !01 00 N N �D M l rl 00 i1 vi O W O' ctl O 00�;vl O��t- N m 10 O+ `ct O w O N 10 ON t- 1D 10 wl 01 of 00 t- 01 V) r N 10 .-r o0 M 01 N n M H.oo t- m V1 N O% C4 t cn C'I 01 00 m m N O �--' ? z 40 69 V O p p p p p p p p p �p O ' C O O O O O O VOj, O O O O S C S GA 00 O O O O O O O eF o0 C O O L O C C 02 .a -- .-. arf _. _. .--i aY F• 4. kn 0o1 M ONO N h 'o O th O .n-� N O Opp O N n O�n f?C+^ (I oo N N t, fry N t• 6t kn V) M M 10 O N 't N N C 00 M M DO 10 e N 00 Q` m 4 N N N m N N Q O m M N --� O N N � N 10 00 (" Cl! -� ti N w y y 3 0 0 0 0 0 0 0 0 V) pV O C O C O G O C vl rh PP"443 ,� V1 V1 Vl h wA Wn V1 a 00 w C* C* cc w 00 od 00 00 ad 00 co 00 co 00 b HON CNi 1D O N O, n c0 O �r t- N O �D --� M N 16 M N a+ 4w t- 10 00 V1 .--� 00 N M ✓1 M m l� .--� �' W T U 0000 C "" M N O\ Cli t%00 .--� d' .� O� M w �o O N t� 00 ,.�. 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Z N N �--� N m 6V9 GM9 M--� M N d 8 5 O O h w N h w w w V1 O W to W w W w M kn a _ .�+ 00 00 DD DD 00 a0 00 Vl --� 00 00 00 00 00 00 00 v1 (A O�, 0� C� C\ of C� T E9 N O h O zr N t- M V1 00 O 00 M O 00 m oo m '+•. p O 00 m to �o N .-r 00 N C� 00 m V7 00 m kn M t• [� O W �-. 00 Vq�,ti° O •-• •� 00 h O 1 •• O\ t CO 00 v1 "It -+ W 'LC7 \p to t+ to O\t+l0�t 'D vl Co tl- N N O N O`V' P- td tiD �D 9 o% cn m T `r O ,-. M n O O 00 00 � O 1.0 m N m [� 00 1* cn n gn C14 O� O� ON kn N O m ko O 00 C rN O h kn N Vt h h N h C h kn to lA v1 W') h h X tom. a 00 00 00 0o Oo 00 00 to t� .- 00 00 00 00 00 00 00 n tom, ° ° � cC G9 CN Cl% T C� ON CN Ch C� kA a, a+ a m Ch C7, m W'i b H to $. S o t9 A d kn O h m d N O� N 00 00 W rn ti ? o m Iz h h r- h 00 4. 0 Co Cl m N -tt �o kn 00 to to T Nt to m oo C% T 00 M �o 7•• tU .-Ci C W h V T O C�q N V to cn N t Vl W M (11- V 00 o 'n co N %n o 'o t-- -tt d4 t- as O 00 vn O O v > cCyy M 00 N a' 00 M h t- .� N LQ 0 m ^000 to CV F. N (� 4 w O a h N O� .^ 49 469 .} Cd .a 4. y Cd M A on w b ' 6 ° to cn Za y kn o b N N tp Z A 110 Table 6 COUNTY OF HAWAII Principal Taxpayers June 30,2006 Fiscal Year 2006 Fiscal Year 1997 Percentage Percentage 2005 of Total 1996 of Total Assessed Assessed Assessed Assessed Taxpayer Business Valuation Rank Valuation Valuation Rank Valuation Kamehameha Schools(a) Land trust $487,026,400 1 2.4% $154,238,200 1 1.2% Liliuokalani Trust Estate Land trust 238,300,600 2 1.2% - - Mauna Kea Development Corp. Developer/Hotels 201,862,600 3 1.0% - - Global Resort Partners Hotel 171,043,600 4 0.8% 125,000,000 4 1.00/0 Kaupulehu Makai Venture Developer/Hotel 159,249,800 5 0.8% - - WB Manini'owali LLC Developer 128,253,000 6 0.6% - - FMR(ML)Hotel Holdings LLC Hotel 120,000,000 7 0.6% - - WB Kukio Resorts LLC Developer 113,874,600 8 0.6% - - Mauna Lani Resort Inc. Developer/Hotel 99,337,000 9 0.5% 136,401,400 2 1.1% BRE/Waikoloa LLC Hotel 59,804,200 10 0.3% - - South Kohala Resort Corp. Developer - - 131,631,200 3 1.1% Mauna Kea Beach Hotel Corp. Hotel - 97,098,300 5 0.8% Kona Village Associates Developer - - 91,667,700 6 0.7% Mauna Lani Bay Hotel,Inc. Hotel - - 75,566,400 7 0.6% ONKD Inc.(Orchid) Hotel - - 65,543,100 8 0.5% Waikoloa Land&Cattle Co. Developer - - 61,216,400 9 0.50/6 Kona Coast Resort Ltd. Time Share - - 47,930,900 10 0.4% $1,778,751,800 8.8% $986,293,600 7.9% Note: Gross valuation at January 1,2005: $20,267,274,800 Gross valuation at January 1, 1996: 12,361,649,557 NOTES: (a) Formerly know as BP Bishop Estate Trustees. Source: County of Hawaii,Department of Finance,Real Property Tax Division Unaudited-see accompanying independent auditors'report. r oD 00 r O �V v i r- 10 .• alc 0o m n er CCI 000^ O. 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Or, C1 0 0 0 0 0 0 0 u ej _ p — 121 — Table 9 COUNTY OF HAWAII Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years Debt Percent of Applicable to Net Taxable Fiscal Legal Debt Property Per Year Margin(a) Value(b) Capita(c) 1997 $ 141,144,771 1.4% $ 995 1998 133,641,322 1.3% 934 1999 129,633,204 1.3% 910 2000 162,716,490 1.6% 1,094 '2001 156,636,220 1.6% 1,032 2002 161,310,657 1.5% 1,042 2003 187,316,839 1.6% 1,180 2004 176,693,195 1.4% 1,082 2005 195,198,142 1.3% 1,167 2006 205,219,940 1.2% N/A NOTES: (a)See Table 10 for debt applicable to legal debt margin. (b)See Table 5 for net taxable property values. (c)See Table 1 I for population data. Details regarding the County's outstanding debt can be found in the notes to the basic financial statements. Unaudited-see accompanying independent auditors'report. - 122- O^ O NON Goo M O N 00 N Q 00 �`+ Yl%V I- rl CD-It N b � v O a N N N N' N O0 ,� b N nl H K O H 69 69 O00 y�y�� ° O O 000 000 ON w y N ... > O 7 O M h C3 C� � L on qu .Qy vai p �3 O h .non s Ch LS 00 o b O O O\ N C4 .-. 7 O � 7 .. � jy O y g h �D O0 VC O � W Y1 M u fs. .5 rJ H o 0 O A n Q a tn r 8 _ oc a tn rn 0o0 0 ,C co 3 o 00 ^ O 4 a 0O0 Si .5" g 9 rz p C 0 O S u 0 - 123 - Table 11 COUNTY OF HAWAII Demographic and Economic Statistics Last Ten Fiscal Years Fiscal Personal Per Year Resident Income Capita Ended Population (thousands Personal School Unemployment June 30, as of July 1 of dollars) Income Enrollment Rate 1996 139,726 $ 2,632,717 $ 18,842 30,497 R" 9.9% 1997 141,848 2,645,465 18,650 30,599 10.2% 1998 143,135 2,812,316 19,648 30,715 9.6% 1999 142,390 2,893,934 20,324 30,926 8.7% 2000 148,677 3,195,000 21,404 30,193 6.7% 2001 151,779 3,317,216 22,217 29,792 6.8% 2002 154,854 3,563,723 23,020 29,785 5.7% 2003 158,735 3,768,621 23,771 29,483 4.6% 2004 162,975 4,080,554 25,096 29,675 3.8% 2005 167,293 N/A N/A 30,262 3.4% NOTES: ** Public school enrollment only. Source: County of Hawaii,Department of Research and Development Unaudited-see accompanying independent auditors'report. - 124- Table 12 COUNTY OF HAWAII Principal Employers,County of Hawaii June 30,2006 2006 1997 Percentage Percentage of Total County of Total County Employer Employees Rank Employment Employees Rank Employment State of Hawaii 7,696 1 11.6% 7,150 1 11.7% County of Hawaii 2,335 2 3.5% 2,200 2 3.6% United States Government 1,231 3 1.90/0 - - Hilton Waikoloa Village 1,I00 4 1.7% 1,100 3 1.8% KTA Super Stores 785 5 1.2% 750 6 1.2% Fairmont Orchid Hawaii 600 6 0.90/0 474 7 0.8% Mauna Lani Bay Hotel&Bungalows 580 7 0.90/0 450 8 0.7% Four Seasons Resort Hualalai 557 8 0.8% - - Mauna Kea Beach Hotel 556 9 0.80/0 448 9 0.7% Hapuna Beach Prince Hotel 542 10 0.80/0 - - C.Brewer&Co. - - 861 4 1.4% Mauna Lani Resort - - 750 5 1.2% Sure Save - - 372 10 0.7% Total 15,982 24.1% 14,555 23.8% Total employee count 66,519 61,150 Source: County of Hawaii,Department of Research and Development Unaudited-see accompanying independent auditors'report. - 125- N g o a a o 0 0 0 0 N h up1 N Q p N N O O N 0 0 0 h N P lD r°OV P h N M P N M .m+ .h+ N V m m • P M ~ b m N+ P $ 0 v,1. 0 0 0 W S O S H 8 0 0 O O 8 0 0 ep 0 7 0 0< od •• ac •- ri v o .-: r; M h .--: a 0 r� m o m N V oo N m N N m — V V m ao N v1 m m O p p p p p p N O h P O p Op O O O S S �L�pp P O O �C. 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