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Proprietary funds. Proprietary funds are generally used to account for services for which
<br /> the County charges outside customers. Proprietary funds provide the same type of
<br /> 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 Suoolementary 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 /> Condensed Schedule of Net Assets
<br /> June 30,2007 and 2006
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2007 M 2007 2006 2007 2006
<br /> Assets:
<br /> Current and other assets $324,854,922 $233,765,854 $1,272,461 $1,382,097 $326,127,383 $235,147,951
<br /> Capital assets,net 545,921,770 516,600,592 1,306,263 1,336,920 547,228,033 517,937,512
<br /> Total assets $870,776,692 $750,366,446 $2,578,724 $2,719,017 $873,355,416 $753,085,463
<br /> Liabilities:
<br /> Long-term liabilities
<br /> outstanding 371,342,710 292,196,562 995,854 1,019,386 372,338,564 293,215,948
<br /> Other liabilities 28,437,233 17,685,089 451,873 385,869 28,889,106 18,070,958
<br /> Total liabilities S 399,779,943 $309,881,651 $1,447,727 $1,405,255 $401,227,670 $311,286,906
<br /> Net assets:
<br /> Invested in capital assets,net
<br /> of related debt 394,789,635 386,861,296 310,409 317,534 395,100,044 387,178,830
<br /> Restricted 54,857,023 44,737,588 183,832 182,797 55,040,855 44,920,385
<br /> Unrestricted 21,350,091 8,885,911 636,756 813,431 21,986,847 9,699,342
<br /> Total net assets S 470,996,749 $440,484,795 $1,130,997 $1,313,762 S 472,127,746 $441,798,557
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