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Home My WebLink About2007 CAFR Part 5 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 30,2007 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues-intergovernmental-federal grants $ - $ 4,530,271 $ 4,522,176 $ (8,095) Expenditures-health,education and welfare - 4,530,271 4,522,176 8,095 Excess of revenues over expenditures - - - - Fund balance at beginning of year - - - - Fund balance at end of year $ - $ - $ - $ See accompanying independent auditors'report. - 96- 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 30,2007 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues: Charges for services $ 844,500 $ 844,500 $ 751,831 $ (92,669) Miscellaneous - - Total revenues 844,500 844,500 751,831 (92,669) Expenditures: Culture and recreation 861,276 886,276 857,363 28,913 Pension and retirement contributions 138,554 138,554 134,269 4,285 Health fund 85,150 85,150 68,938 16,212 Miscellaneous 16,000 16,000 10,612 5,388 Total expenditures 1,100,980 1,125,980 1,071,182 54,798 Deficiency of revenues over expenditures (256,480) (281,480) (319,351) (37,871) Other financing sources: Transfers in-General Fund 256,480 281,480 342,531 61,051 Excess of revenues and other sources over expenditures - - 23,180 23,180 Deficit at beginning of year (16,296) (16,296) (16,296) - Fund balance(deficit)at end of year $ (16,296) $ (16,296) $ 6,884 $ 23,180 See accompanying independent auditors'report. -97- 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 30,2007 Original Actual Variance and Final (Budgetary Positive Budget Basis) (Negative) Revenues-miscellaneous-geothermal royalties $ 150,000 $ 589,982 $ 439,982 Expenditures- general government 150,000 150,000 - Excess of revenues over expenditures - 439,982 439,982 Fund balance at beginning of year 1,998,629 1,998,629 - Fund balance at end of year $ 1,998,629 $ 2,438,611 $ 439,982 See accompanying independent auditors'report. -98- 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 30,2007 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues-licenses and permits-highway beautification $160,000 $160,000 $ 169,800 $ 9,800 Expenditures-highways and streets 225,000 225,000 37,623 187,377 Excess(deficiency)of revenues over expenditures (65,000) (65,000) 132,177 197,177 Fund balance at beginning of year 672,742 672,742 672,742 - Fund balance at end of year $607,742 $607,742 $ 804,919 $ 197,177 See accompanying independent auditors'report. - 99- 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 30,2007 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues: Intergovernmental- Federal-HUD-Voucher program $10,947,700 $11,547,700 $11,529,057 $ (18,643) Other 54,134 54,134 18,021 (36,113) Interest earned 2,290 2,290 176,226 173,936 Resale of property - - 275,000 275,000 Other - 23,128 23,174 46 Total revenues 11,004,124 11,627,252 12,021,478 394,226 Expenditures: Health,education and welfare 11,622,433 12,644,188 12,642,106 2,082 Pension and retirement contributions 464,600 464,600 414,324 50,276 Health Fund 143,200 143,200 139,266 3,934 Miscellaneous 2,290 2,290 - 2,290 Total expenditures 12,232,523 13,254,278 13,195,696 58,582 Deficiency of revenues over expenditures (1,228,399) (1,627,026) (1,174,218) 452,808 Other financing sources: Transfers in-General Fund 1,228,399 1,295,399 1,295,399 - Excess(deficiency)of revenues and other sources over expenditures - (331,627) 121,181 452,808 Fund balance at beginning of year 6,435,023 6,435,023 6,435,023 - Fund balance at end of year $ 6,435,023 $ 6,103,396 $ 6,556,204 $ 452,808 See accompanying independent auditors'report. - 100 - 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 30,2007 Actual Variance Original Final (Budgetary Positive Budget Budget Basis) (Negative) Revenues- interest $ - $ - $ 3,187 $ 3,187 Expenditures-culture and recreation - - - - Excess of revenues over expenditures - - 3,187 3,187 Fund balance at beginning of year 77,771 77,771 77,771 - Fund balance at end of year $77,771 $77,771 $80,958 $3,187 See accompanying independent auditors'report. - 101 - COUNTY OF HAWAII Agency Funds Combining Balance Sheet June 30,2007 Performance State Improvement Improvement Improvement and Weight District District District Refundable Tax No. 17 No. 18 Revolving Deposits Assets Cash and cash equivalents $870,041 $ 844,758 $ 356,547 $ - $ 189,429 Investments - - 1,072,456 374,553 - Due from other agency funds - - - - - Other receivables - 34,846 10,283 - 4,151 Restricted assets- cash and cash equivalents - 637,000 - - - Total assets $870,041 $ 1,516,604 $ 1,439,286 $ 374;553 $ 193,580 Liabilities Due to other agency funds $ - $ - $ - $ - $ 1,680 Accrued liabilities 870,041 39,483 13,549 - - Customer advances and deposits - - - - 191,900 Assets held for the benefit of improvement districts - 1,477,121 1,425,737 374,553 - Total liabilities $870,041 $ 1,516,604 $ 1,439,286 $ 374,553 $ 193,580 See accompanying independent auditors'report. - 102 - Non-Profit Organ and Flexible Lapsed License Tissue Payroll Spending Warrants Plates Education Clearance Account Fund Fund Fund Total $1,601,902 $338,911 $ 112,788 $ 1,045 $ 443 $ 4,315,864 - - - - 1,447,009 2,245 - - 2,245 -- - 14,559 - - 63,839 - - - - 637,000 $1,601,902 $338,911 $ 129,592 $ 1,045 $ 443 $ 6,465,957 $ 545 $ - $ - $ 20 $ - $ 2,245 1,601,357 338,911 129,592 1,025 443 2,994,401 - - - - - 191,900 - - - - 3,277,411 $1,601,902 $338,911 $ 129,592 $ 1,045 $ 443 $ 6,465,957 - 103 - COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2007 Balance Balance July 1, June 30, 2006 Additions Deductions 2007 State Weight Tax Fund Assets Cash and cash equivalents $ - $ 10,213,888 $ 9,343,847 S 870,041 Liabilities Vouchers payable $ - $ 9,320,947 $ 9,320,947 $ - Accrued liabilities-due to State of Hawaii - 10,213,888 9,343,847 870,041 Total liabilities $ - $ 19,534,835 $ 18,664,794 $ 870.041 Improvement District No.17 Assets Cash and cash equivalents $ 844,320 $ 974,818 $ 974,380 $ 844,758 Restricted assets-cash and cash equiv. 637,000 - - 637,000 Other receivables 81,536 868,541 915,231 34,846 Total assets $1,562,856 $ 1,843,359 $ 1,889,611 $1,516,604 Liabilities Vouchers payable $ - $ 890 $ 890 $ - Accrued liabilities 92,332 864,521 917,370 39,483 Assets held for the benefit of improvement districts 1,470,524 955,632 949,035 1,477,121 Total liabilities $1,562,856 $ 1,821,043 $ 1,867,295 $1,516,604 Improvement District No.18 Assets Cash and cash equivalents $ 355,144 $ 159,742 $ 158,339 $ 356,547 Investments 540,000 532,456 - 1,072,456 Other receivables 7,182 649,697 646,596 10,283 Total assets $ 902,326 $ 1,341,895 $ 804,935 $1,439,286 Liabilities Vouchers payable $ - $ 44,186 $ 44,186 $ - Accrued liabilities 10,591 652,963 650,005 13,549 Assets held for the benefit of improvement districts 891,735 692,525 158,523 1,425,737 Total liabilities $ 902,326 $ 1,389,674 $ 852,714 $1,439,286 - 104 - COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2007 Balance Balance July 1, June 30, 2006 Additions Deductions 2007 Improvement District Revolving Fund Assets Investments $ 356,209 $ 18,344 $ - $ 374,553 Liabilities Assets held for the benefit of improvement districts $ 356,209 $ 18,344 $ - $ 374,553 Performance and Refundable Deposits Fund Assets Cash and cash equivalents $ 178,059 $ 417,623 $ 406,253 $ 189,429 Other receivables 12,320 4,151 12,320 4,151 Total assets $ 190,379 $ 421,774 $ 418,573 $ 193,580 Liabilities Vouchers payable $ - $ 404,936 $ 404,936 $ - Due to other funds 1,480 1,680 1,480 1,680 Accrued liabilities - - - - Customer advances and deposits 188,899 405,464 402,463 191,900 Total liabilities $ 190,379 $ 812,080 $ 808,879 $ 193,580 Payroll Clearance Fund Assets Cash and cash equivalents $1,458,857 $182,966,887 $182,823,842 $1,601,902 Due from other funds - 176,535,354 176,535,354 - Other receivables 1,468 2,623 4,091 - Total assets $1,460,325 $359,504,864 $359,363,287 $1,601,902 Liabilities Vouchers payable $ - $ 82,119,609 $ 82,119,609 $ - Payroll refunds payable 4,444 1,514 5,958 - Due to other funds 5,866 545 5,866 545 Accrued liabilities 1,450,015 199,416,676 199,265,334 1,601,357 Total liabilities $1,460,325 $281,538,344 $281,396,767 $1,601,902 - 105 - COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2007 Balance Balance July 1, June 30, 2006 Additions Deductions 2007 Flexible Spending Account Assets Cash and cash equivalents $ 324,898 $ 433,215 $ 419,202 $ 338,911 Liabilities Accrued liabilities $ 324,898 $ 433,215 $ 419,202 $ 338,911 Lapsed Warrants Fund Assets Cash and cash equivalents $ 70,936 $ 44,526 $ 2,674 $ 112,788 Due from other funds 7,346 2,245 7,346 2,245 Other receivables 37,180 14,559 37,180 14,559 Total assets $ 115,462 $ 61,330 $ 47,200 $ 129,592 Liabilities Vouchers payable $ - $ 2,309 $ 2,309 $ - Accrued liabilities 115,462 25,525 11,395 129,592 Total liabilities $ 115,462 $ 27,834 $ 13,704 $ 129,592 Non-Profit License Plates Fund Assets Cash and cash equivalents $ - $ 3,945 $ 2,900 $ 1,045 Liabilities Vouchers payable $ - $ 2,920 $ 2,920 $ - Due to other funds - 20 - 20 Due to non-profit agency - 3,945 2,920 1,025 Total liabilities $ - $ 6,885 $ 5,840 $ 1,045 - 106 - COUNTY OF HAWAII Agency Funds Combining Statement of Changes in Assets and Liabilities For the Fiscal Year Ended June 30,2007 Balance Balance July 1, June 30, 2006 Additions Deductions 2007 Organ and Tissue Education Fund Assets Cash and cash equivalents $ - $ 117,792 $ 117,349 $ 443 Liabilities Vouchers payable $ - $ 1,297 $ 1,297 $ - Accrued liabilities-due to State of Hawaii - 117,792 117,349 443 Total liabilities $ - $ 119,089 $ 118,646 $ 443 Total-All Agency Funds Assets Cash and cash equivalents $3,232,214 $ 195,332,436 $194,248,786 $4,315,864 Investments 896,209 550,800 - 1,447,009 Due from other funds 7,346 176,537,599 176,542,700 2,245 Other receivables 139,686 1,539,571 1,615,418 63,839 Restricted assets-cash and cash equiv. 637,000 - - 637,000 Total assets $4,912,455 $373,960,406 $372,406,904 $6,465,957 Liabilities Vouchers payable $ - $ 91,897,094 $ 91,897,094 $ - Payroll refunds payable 4,444 1,514 5,958 - Due to other funds 7,346 2,245 7,346 2,245 Due to non-profit agency - 3,945 2,920 1,025 Accrued liabilities 1,993,298 201,392,900 201,263,306 2,122,892 Accrued liabilities-due to State of Hawaii - 10,331,680 9,461,196 870,484 Customer advances and deposits 188,899 405,464 402,463 191,900 Assets held for the benefit of improvement districts 2,718,468 1,666,501 1,107,558 3,277,411 Total liabilities $4,912,455 $305,701,343 $304,147,841 $6,465,957 See accompanying independent auditors'report. - 107- COUNTY OF HAWAII Private Purpose Trusts Combining Statement of Private Purpose Trust Net Assets June 30, 2007 Shippers' Total Geothermal Wharf Private- Asset Trust Purpose Assets Fund Fund Trusts Cash and cash equivalents $ - $ 1,861,787 $ 1,861,787 Investments 1,778,923 1,104,658 2,883,581 Receivables - 6,980 6,980 Total assets 1,778,923 2,973,425 4,752,348 Liabilities Accrued liabilities - - - Total liabilities - - - Net Assets Held in trust for other parties 1,778,923 2,973,425 4,752,348 Total net assets $ 1,778,923 $ 2,973,425 $ 4,752,348 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 30,2007 Shippers' Total Geothermal Wharf Private- Asset Trust Purpose Fund Fund Trusts Additions Contributions: Puna Geothermal Venture $ 50,000 $ - $ 50,000 Investment earnings: Net increase in fair value of investments - 137,148 137,148 Dividends - 46,442 46,442 Interest 90,633 84,962 175,595 Total additions 140,633 268,552 409,185 Deductions Grant payments - 11,726 11,726 Total deductions - 11,726 11,726 Change in net assets 140,633 256,826 397,459 Net assets,beginning of year 1,638,290 2,716,599 4,354,889 Net assets,end of year $ 1,778,923 $ 2,973,425 $4,752,348 See accompanying independent auditors'report. - 109 - This page intentionally left blank. - 110- STATISTICAL SECTION (UNAUDITED) Contents Page Financial Trends—These schedules contain trend information to help help the reader understand how the County's financial performance and wellbeing have changed over time. 111 Revenue Capacity—These schedules contain information to help the reader assess the County's most significant local revenue source the property tax. 115 Debt Capacity—These schedules present information to help the reader assess the affordability of the County's current levels of outstanding debt and the County's ability to issue additional debt in the future. 121 Demographic and Economic Information—These schedules offer demographic and economic indicators to help the reader understand the environment within which the County's financial acitivities take place. 124 Operating Information—These schedules contain service and infrastructure data to help the reader understand how the information in the County's financial report relates to the services provided and the activities performed by the County. 126 N M N CD ON O M N O\ 00 00 00 t- O O [- 't 00 �Q" O 00 r aO O M 1D O O O 00 h CD 00 V1 V1 D1 00 M .Mr O 00 N.. O h 00 M O w M -� �O O O� CA � � N � T W)) N V- M •ct M 64 64 69 69 64 69 �O 00 In h O W) N h Q\ 00 ON M 01 M \D M 00 't wl N Wi O^ t% h 1% 00 M M — h Ln lzr y N en cn 00 O ON 00 C 0001-- 00 V cm � 0ori SON+ \0n N 000 oo O .. 000 � M M 69 69 64 601 69 64 h N cn \.O O h N m h OK — h M N � � 0 -- C h V � N 00 * -i OO N O 4 O in N O 00 00 N O ON O �o v) h N 00 h v1 00 en 0, N O O� OO M N N ,v Obi t.. M M M M cC 64 b9 64 CA Vj 69 c7 � M h 000 O N ,N. M h r- ��000 00 O� r- h h v1 O� N MM"T IT IT O M ON O VSO R M M 00 00 N 00 h h 10 -'+ \.O C M M M M �--� 00 M h I v1 t% N M en O �O ~ M M 1.0 N Q M M M M D y K i/9 69 69 69 6A p 00 tn to h O N h ON 00 m oo 0 Wn to v) v) 00 0o O � * M 00 O � t"aN cn oo t-, t� �v� 00 Q ?. h N 116 M O �6 O W 00 �O r- W O �W) O M 000 M OOi r- N OV dV] N M h m 00 M t`N 0\ �+ q M M M M aQ d 64 69 69 64 69 64 O 00 N O ON 00 O h N m v) �O 00 N M I O = N O N O cl M e} O 00 M h �--� h N 011 N O o � -- aMO N m 000 M N m � W O b N C1 O, V- N 00 O N M M .--i M N M O 69 69 69 fA 69 69 4 � N d L y H � w b 0n � b w o o � o � o r~ •� N yyy y cG r ��, 4444No. '3 U bD M O d v h o y .� •�� a�i b '� Table 2 COUNTY OF HAWAII Changes in Net Assets Last Six Fiscal Years Fiscal Year 2002 2003 2004 2005 2006 2007 Program Revenues Governmental activities Charges for services: General government S 2,173,770 S 1,911,070 S 1,947,554 S 3,227,420 $ 4,032,542 $ 4,460,016 Public safety 3,927,495 4,349,355 5,061,174 6,262,259 6,975962 5,798,126 Highways and streets 4,422,416 5,324,908 6,052,544 7,629,139 9,079,084 9,354,639 Health,education and welfare 865,365 991,725 884,075 1,272,091 980,147 799,075 Culture and recreation 1,366,370 1,593,620 1,588,945 1,521,127 1,439,784 1,634,008 Sanitation 10,969,909 10,596,469 13,653,722 15,465,478 16,469,745 18,486,502 Operating grants and contributions 27,198,314 31,544,494 33,327,191 36,370,993 38,252,889 38,068,138 Capital grants and contributions 27,871,495 19,064,821 9,668,981 26,221,627 14,801,828 7,905,986 Total governmental activites program revenues 78,795,134 75,376,462 72,184,186 97,970,134 92,031,981 86,406,490 Business-type activities: Charges for services: Health,education and welfare S 279,369 S 304,671 S 303,047 S 314,971 S 338,141 S 345,802 Operating grants and contributions 147,582 147,997 143,769 135,829 141,019 134,211 Total business-type activities program revenues 426,951 452,668 446,816 450,800 479,160 480,013 Total primary grovemment program revenues S 79,222,085 S 75,829,130 S 72,631,002 S 98,420,934 S 92,511,141 $ 86,886,503 Expenses Governmental activities: General government S 37,796,311 S 36,461,949 S 40,085,357 S 51,262,329 S 38,264,132 S 46,349,964 Public safety 75,709,394 77,131,374 90,434,696 94,422,057 106,067,466 118,010,316 Highways and streets 22,627,472 15,512,957 17,563,608 20,857,341 24,783,476 28,185,968 Health,education and welfare 17,854,112 20,205,386 23,041,963 21,503,635 20,181,685 23,203,874 Culture and recreation 14,903,986 16,430,590 15,979,854 16,124,457 19,464,962 26,948,501 Sanitation 18,641,654 19,022,213 20,094,654 26,669,660 27,265,515 42,682,281 Interest on long-term debt 8,769,167 8,680,999 9,553,966 8,718,758 10,168,710 10,303,332 Total governmental activities expenses 196,302,096 193,445,468 216,744,098 239,558,237 246,195,946 295,684,176 Business-type activities: Health,education and welfare 455,936 450,343 466,143 484,879 547,201 698,329 Total business-type activities expenses 455,936 450,343 466,143 484,879 547,201 698,329 Total primary government expenses $ 196,758,032 S 193,895,811 S 217,210,241 S 240,043,116 S 246,743,147 S 296,382,505 Net Revenue(Expense) Governmental activities S(1I7,506,962). S(1I8,069,006) $(144,559,912) $(141,588,103) S(154,163,965) S(209,277,686) Business-type activities (28,985) 2,325 (19,327) (34,079) (68,041) (218,316) Total primary government net expense S(117,535,947) $(118,066,681) 8(144,579,239) $(141,622,182) $(154,232,006) $(209,496,002) General Revenues and Other Changes in Net Assets Governmental activities: General revenues: Property taxes S 94,197,060 S 109,151,524 S 119,864,237 S 129,775,410 $ 152,182,806 S 183,611,050 Public service company taxes 5,108,291 5,063,897 5,332,478 6,351,273 6,811,483 7,396,084 Franchise taxes 4,992,959 4,816,565 5,373,144 6,016,890 7,328,887 8,520,133 Fuel taxes 6,421,837 7,343,088 7,552,317 7,580,740 7,857,394 8,471,453 Grants and contributions not restricted to specific programs 13,501,966 13,931,403 15,251,443 16,734,850 18,510,262 18,999,596 Investment earnings 3,568,210 1,936,635 1,729,531 2,957,188 4,976,178 9,727,911 Miscellaneous 1,582,980 4,641,884 4,825,259 3,657,794 2,110,854 3,063,413 Transfers out (838,445) Total governmental activities 128,534,858 146,884,996 159,928,409 173,074,145 199,777,864 239,789,640 Business-type activities: General revenues: Investment earnings 19,064 12,084 8,006 13,580 22,874 35,551 Total business-type activities 19,064 12,084 8,006 13,580 22,874 35,551 Total primary government S 128,553,922 _TI S 159,936,415 S 173,087,725 S 199,800,738 S 239,825,191 Changes In Net Assets Governmental activities $ 11,027,896 S 28,815,990 $ 15,368,497 S 31,486,042 S 45,613,899 $ 30,511,954 Business-type activities (9,921) 14,409 (11,321) (20,499) (45,167) (182,765) Total primary government changes in net assets S 11,017,975 $ 28,830,399 $ 15,357,176 $ 31,465,543 S 45,568,732 $ 30,329,189 NOTE'. GASB 34 was implemented in fiscal year 2002. Unaudited-see accompanying independent auditors'report. L � tin v�j N obo O NC O% lC O 00 %o \O N N V'�00 69 69 -+ O N h -- 00 V7 N N_ S V1 T M M M O O -- — N Vl 6A O N N 10 r- m 'O w 000 N O OOO r 7 O vi vi 01 O� C Grp 1 CaI -- fA — !/f 00 O w M Q Op I M M ONO N m m V1 �N/1 N 01 V1 a M O V C-t C% N V �- N d9 ao N <D Q N O v0 co N �p 10 O1 O m by O h O ID a 0 0 C — tl� 1 rn o y N [-O. b w y 00 N N r _ e •C ie — sa p W °— o°o a r — ENO vNi 3 a N O U C w d S �- M R n b O Q` y N N Vl M O\ Q N_ W 6q Q N t, vNiICv r O a ° cl r O`to v� � U m a 'co�ov 7 � wf — Q •• `8 bs ok S - o c to ct N llo r O v O b O h m N Q N c� a (A G9 a 0 a N v b b Q .. to 0o Vt Q O O m a n en O Q N Q V b m ° O aO O, ut H9 Va — Vl Vj o o cK Q 1% Q v c o V w l N 00 ID H NO V1 w Q - N 69 FA n c v v C C v W C C lL G y T '•c e fi m a '• w En U - 113 - Table 4 COUNTY OF HAWAII Changes in Fund Balances,Governmental Funds (Modified accrual basis of accounting) Last Ton Fiscal Years (Amounts in thousands) Fiscal Year 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Revenues: Property tax $87,420 S 84,792 S 83,271 S 84,240 S 93,712 5109,991 $121,868 $131,087 5153,207 $181,446 Public service company tax - - - - 5,108 5,064 5,332 6,351 6,812 7,396 Fuel tax 5,832 5,900 6,103 6,450 6,422 7,343 7,552 7,581 7,857 8,471 Public utility franchise tax 4,080 3,953 3,950 4,777 4,993 4,817 5,373 6,017 7,329 8,520 Licenses and permits 6,351 6,952 7,261 7,412 7,781 9,261 11,840 14,442 16,544 16,269 Intergovernmental 42,375 43,057 38,383 55,034 68,918 65,203 58,559 73,372 69,637 63,599 Charges for services 8,885 10,148 11,215 12,056 11,689 13,481 14,467 18,149 19,852 21,685 Invesment earnings 5,888 5,552 5,284 6,409 3,801 2,066 1,806 3,104 5,223 10,291 Miscellaneous 2,224 3,476 2,416 2,529 3,035 6,179 4,718 4,450 4,380 5,073 Total Revenues 163,055 163,830 157,883 178,907 205,459 223,405 231,515 264,553 290,841 322,750 Expenditures: Current: General government 20,512 20,797 21,442 22,073 20,192 22,317 23,070 26,183 31,153 37,652 Public safety, 55,673 56,035 $8,395 59,391 61,870 64,667 69,117 76,404 83,591 93,241 Highways and streets 6,621 8,148 8,006 9,998 8,376 8,675 9,542 9,787 12,608 14,033 Sanitation 12,062 12,287 12,856 13,481 14,789 16,629 17,602 21,883 26,565 31,817 Health,education and welfare 5,011 5,310 5,079 8,344 16,726 18,867 19,047 19,870 19,050 21,470 Culture and recreation 11,800 12,321 11,526 12,085 12,127 13,086 13,169 13,982 14,731 17.118 Pension and retirement contributions 14,044 9,785 5,641 3,679 11,019 7,926 11,081 14,204 19,937 21,796 Employees'health insurance 9,438 9,264 9,544 10,773 12,198 12,758 14,256 16,168 16,133 16,941 Miscellaneous 3,364 3,617 4,224 4,040 5,330 5,629 7,128 6,133 6,780 5,108 Debt service: Principal 6,473 7,974 8,862 9,399 10,025 11,800 12,826 13,150 14,060 16,076 Interest 7,755 7,508 7,759 8,416 8,467 8,469 9,283 9,534 9,914 9,894 Capital outlay 17,700 28,708 21,909 37,640 41,580 32,952 23,474 32,816 30,588 52,285 Total Expenditures 170,473 101,754 175,243 199,327 222,699 223,775 229,595 260,114 285,110 337,431 Revenues over(under)Expenditures (7,418) (17,924) (17,360) (20,420) (17,240) (370) 1,920 4,439 5,731 (14,681) Other Financing Sources(Uses): Sale of assets 17 54 28 16 15 9 1,593 1,486 82 5 Capital leases - - 2,677 23 930 1,353 1,474 1,369 404 2,403 State Revolving Fund loans 1,405 1,325 5,530 3,422 578 853 1,504 25 6,255 Sale of bonds - - 29,878 - 15,175 37,262 1,725 30,000 25,000 85,000 Refunding bonds 18,776 24,595 - 31,607 Premium on bonds - 3,025 972 3,099 Refunding bonds issuance costs - - - - - - (129) - (218) Payment to refunded bond escrow agent - - (18,776) - - - - (25,885) - (32,699) Refund to lot owners - (212) - - - - - - - - Ttansfersin 27,068 30,385 25,647 28,625 29,529 29,943 39,440 42,119 45,691 59,139 Transfers out (27,068) 3(0,385) 2( 5.634) (28.568) (30,367) (29,943) 3(9,440) 4( 2,119) 4(5,691) 5( 9,139) Total other financing sources(uses) 1,422 1,167 38,126 3,518 15,860 39,477 4,792 35,965 26,483 95,452 Not change in fund balances 5(5.996) S(16,757) S 20,766 3(16,902) S 1,380 S 39,107 S 6,712 S 40,404 S 32,214 $ 80,771 Debt service as a percentage of noncapital expenditures 9.3% 10.1% 10.8% 11.0% 10.2% 106% 10.7% 10.0% 9.4% 9.1% Unaudited-see Accompanying independent auditors report. -114- — I�r t- M — T O O+ kn m tt m O O %n b y ,o c emt^moot� vnO \o o\ rn�o ma 7 X 0 00 m 00 h N N o0 O o0 O T cd r} O� N X -o m m T N �n o0 O, N m O m � F. 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DO Z 69 U ° O kn kn kn h h h Ln kn U 0 0 0 0 0 0 kn In %n — 00 00 00 00 00 M 00 v1 P" cic+ a; a: °i °� ao� vi 000000 °� rna0000vi b F �, r's 44 ccs 21 N N U a' N M DO C� N 00 00 V1 d O N O h N �O N y1 �" 0 Q. �•+ �D •-+ M 00 0\ O, 00 M 00 %n \O V1 O M Q\ O W 00 H. N 00 t0 t�Odd ice" '�' 'b N a\ O �--� aD v'i O O U ; M v Q\ O N to 00 00 00 ? 0o N •t ao m W) h N Oy �-+ D0 O N •--� O+ Uy, '� o vl N ON 7 N N 10 M N kr U U +•+ -d N �Q N .. 69 m ..: .-r CA W ~to z a CL od O •G b G 'b Q � h •U v bA v p vl 7 y O nom' C. LS —Cd a•,5' � � n..�y O N w � vo i •V � y� N p, F. U �+ eR v aQ�cusaux � � ¢zus ¢�ux QaH y ccai 4) o h v W 44 k• �' N N o O z LIS Table 6 COUNTY OF HAWAII Principal Taxpayers June 30,2007 and 1998 Fiscal Year 2007 Fiscal Year 1998 Percentage Percentage 2006 of Total 1997 of Total Assessed Assessed Assessed Assessed Taxpayer Business Valuation Rank Valuation Valuation Rank Valuation Kamehameha Schools(a) Land trust $622,224,400 l 2.3% $102,318,400 5 0.8% Liliuokalani Trust Estate Land trust 298,188,800 2 1.1% - - Kaupulehu Makai Venture Developer/Hotel 230,742,900 3 0.9% 201,846,500 1 1.6% Mauna Kea Development Corp. Developer/Hotels 216,837,700 4 0.8% - - Global Resort Partners Hotel 204,812,400 5 0.8% 122,500,000 3 1.0% WB KD Acquisition LLC Developer 158,250,000 6 0.6% - - WB-LCP Orchid Owner LLC Hotel 136,074,700 7 0.5% - - Mauna Lani Resort Inc. Developer/Hotel 112,047,800 8 0.4% 175,664,100 2 1.4% Kona Coast Resort Ltd. Condo/Time Share 78,575,300 9 0.3% 45,528,800 9 0.4% BRE/Waikoloa LLC Hotel 65,574,600 10 0.2% - - South Kohala Resort Corp. Developer - - 113,631,100 4 0.9% Mauna Kea Beach Hotel Corp. Hotel - - 97,097,000 6 0.8% M.L.Hotel Investors LP Hotel - - 65,543,100 7 0.5% KM Kona Partners Developer - - 51,313,200 8 0.4% Mauna Kea Agribusiness Co. Agriculture - - 40,414,600 10 0.3% $2,123,328,600 7.9% $1,015,856,800 8.1% Note: Gross valuation at January 1,2006: $26,887,311,800 Gross valuation at January 1, 1997: 12,307,837,142 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. - 119- n ON \0 r- W) V V U R1 CT N 'r C kc C� M 000 Q ^� C O 464 y RS w N N 0 0 0 0 0 C, 0 ( \ F a� un �j � U O M 00 V1 n V1 0 O N u M 00 M V1 Oo 00 O) O M K � O --� N 6i C 06 Q\ \ N O N C1 Vn 01 O 140 M � In It 3 � n \D w O N O v U F h -11" M O "I N N 01 O � Q O w o v_ to vi oo rn C N F M4 N a y D\ r Q\ U [.r h Q U k M -Ir \e 00 00 00 \ OR MCI Q• ON �r r r h oo aO r a, U O L 4~ p O O. 01 Q� O� G\ O� T G a U S a o Q r- °v o-� o 0000 \o oo o oo c M t r r G1 n �1 h V) ^p a[i k r M h O 4 ,1- O a\ H N M OM h m Cp r. U o 00 t- 000 C. 00 oQO o v b 0 � 0M0 v� ,Mr.� N O vni +' lC M O lD (' M N N w) V 00 w) O M m U O 01 M r O N r x+ p F a O r'-� M lO �o r N n O 10 O U U vi N N m r D\ 00 O w DD 00 00 CT O DD N O � U -ry 00 O, O N M vi 1.0 h .U+ U A D1 0 0 0 0 0 0 0 0 of (y �" F., N (NV N N N N N N - 120- .O N V1 ONO h N 0 0 � [r C � P-� '� 64 b4 65 b9 b9 69 N3 G9 49 Z c � U C7 c o C v N 00 M M 7 n E N � E O 0A l- N N oo M et O N a b G C 4 1 v1 h v1 vi \C vi vi d Q 0 z F° a o .5 ¢Ci A m m Mmen .~.. M tn N E > &q 40% 404 va u9 v, va 0 0 0000 cd N 00 eY O CN n \D 00 y❑ '� 00 p1 V r- r- 00 N It vp1 h O, (� oo0 O O- L- W N M N M Yj � •� o .c w A2 y M 00 N 00 01 �O t- Q' d io C v) O O� N lz 4 00 O. f- b0 N N v N C A ' N C•J O N "I O �. .N .� M M E 0D � G 0 '+ N n N 'd t- O N 0 o U O '� aci M r Off+ N O m O O 10 m �o w~ U y H .G oo a cv a 69 N N M p p O v O It en tn no 00 000 W) 00 eh Cl n IO 'a N M DD C n " N y O C v'f -- ^ C C 0 C U z L10 > 7 W 1, 00 00 M N in 00 vl v1 oo0 N 7 0 a " r _ yy ,� cd O� V1 M l� N 4 V'f d of �O h ON m m le e� 10 0o Nl B V y M o0 M �o N vn �O 00 O d 7 p Q Gol. N N N M t,1 M N a .y > 7 D o0 ? > b0 l� N M O\ 00 O\a, O e+i t0 N v 0 V' H E N C N C 01 00 N 4 N %O O E LYi w NVj > C 0 0 0 0 0 0 0 00 O can td N 7 �' O y v1 vl O h v1 O M N O M y V C 000 O .N. ^ O O h 00 N �. O. d El O Oa O n O 00 00 lz N's cN p 00 > N .M. s9 N�O 00 a� y O b � d b ctl 00 01 O N M C> 0 N f/] '1 0 0 c 0 0 0 U d y N N ON N N N rq N - 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) 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% 1,199 2007 281,836,503 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 11 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 - 0 M p N H M O 00 m c O M h O C N .N . N O 0 C N N 00 N N M M 69 b4 69 69 fA O vi O O N 00 60 P 0 10 h N e O p W O r- vi b O N a� N r- C>N M 7 O w N N > 0A ❑ 7 O y J 7 b m O U y T OW T N ti 0 0 0 N W a\ Q 00 •� .r � 69 69 fa G V p O ,G po m N Ow h rl y Na•O 69 fA � C d N N y a•� z QAa O Vml W 'D 7 T > o �.. va v3 •e ;� y�y �Uy Q E y W N M M o 3 o Cl ° W c Y s9 v3 wo ai � °�° w .5 C v? �O W o U u O O vi a u O h m N V1 M O O 69 69 a 4) A CD to N vl .•. M O O Lam` 69 69 .•. 9 O t 3 W 00 0 N � H m 7 Q+ 0 O m a N M 0000 r `� C c 69 FA ° •.: G v U a q A a A z ] - 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 I of dollars) Income Enrollment Rate 1997 144,445 $ 2,693,916 $ 18,650 30,599 9.3% 1998 145,833 2,865,367 19,648 30,715 8.7% 1999 146,970 2,987,074 20,324 30,926 7.8% 2000 148,677 3,195,347 21,410 30,193 4.7% 2001 151,538 3,371,216 22,247 29,792 5.0% 2002 154,348 3,563,723 23,089 29,826 4.6% 2003 157,801 3,721,683 23,585 29,635 4.6% 2004 161,798 4,101,983 25,352 29,827 3.8% 2005 166,461 4,426,436 26,591 30,262 3.2% 2006 171,191 N/A N/A 30,539 2.8% 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 30,2007 and 1998 2007 1998 Percentage Percentage of Total County of Total County Employer Employees Rank Employment Employees Rank Employment State of Hawaii 7,696 1 9.3% 7,350 1 11.9% County of Hawaii 2,335 2 2.8% 2,350 2 3.8% United States Government 1,231 3 1.5% 900 5 1.5% Hilton Waikoloa Village 1,128 4 1.4% 1,375 4 2.2% KTA Super Stores 885 5 1.1% 778 6 1.3% Fairmont Orchid Hawaii 800 6 1.0% 750 7 1.2% Four Seasons Resort Hualalai 676 7 0.8% - - Mauna Lani Bay Hotel&Bungalows 630 8 0.8% 637 8 1.0% Hapuna Beach Prince Hotel 572 9 0.7% 611 9 1.0% Mauna Kea Beach Hotel 564 10 0.7% 565 10 0.9% C.Brewer&Co. - - 1,465 3 2.4% Total 16,517 20.1% 16,781 27.2% Total employee count 82,750 61,950 Source: County of Hawaii,Department of Research and Development Unaudited-see accompanying independent auditors'report. - 125 - Cl goo oorn �o 0000r m - 000 O 10 Cl) goo o. roo� roM M d\ C Q O d O T r O O O O� < O, Cl d a O It m O O+ R O O, M r N N O O O pp 0 0 0 0 0 0 O O O O O O 0 0 0 0 O O O O 0 �/l O N O d N N O O �/1 O S , N 0 0 0 'A vi O` IC g O` d O+ d h M h M '° O M 'D 'o l0 00 0` 00 - p, O, N d oa N M ^ N M ? — W N p p N' O O O S O 'On 0 0 0 000, N S O S O O O O O o0o v o v oho O T o0 00 �O .- M -•� O b .- r, r ' o0 0 -- h Ni O �O d C ^ M O pp fV o VOi T O O O S S S O 0 0 0 O S , O O S r 0 O N D` (V T o0 O d' f�1 �/1 •� 10 �D -- V1 10 V1 N1 h N — b CV O O M N C — M O\ N m ^ ^ N v M ^ W vl V vi d M O G fV L u 00000000C) na0000 og 0oovn W v, o O o 7 M 0 0 O+ 0 0 0 0 N d 0 4 0 O 0 0 0 h d r r M u+ O O, h r h d 01 M �D vi H1 V1 d V1 �O d d N O+ O o0 m O d — M W N N — ^ vNi CD W v� d in M M NO � ^ N u A p 6 N S Cl r o C) g s o Cl o V O S 0 0 p N O O Hi W ^ O 00 O C d [� N O1 N ¢ ^ M M O N d r Q x — SSrS °o oo 00 °ov °o °oS gg o °o, °o, r aov oO°o 'o a v o0 o v v a rn y 10 d h oo n r v rn In M C, O a pp O p 0 0 0o O O O O W O O g 00 O g 00 O O r d O M < U U o O O Nl 0 0 C. 0 00 'o O N oo O: vi O N h n r- N 00 w N d - m W N N n M d O � N C o o vi O p O o 0 0 0 �n W O o 0 O O O O v� W O O C` O O o h o 0 0 N d 0 Cl Vi 0 0 O Cl h d Y r T a ^ r f� O O a, a; �+i -+ h O m ip 00 �G (+i CJ — V1 O T M m 00 N N •-� N O �- r � d h v� d — M Os o a v" 00 0 0 Cl 0 1n o , N d 0 0 �n S O O O r C O O d C r,4 N 0 0 ^ r bo Vl M N p A u c Q C 81.1 o d d E E 3 m 0 E U U ts: oo r w ° w .5 y ° c y Q v ° U to o co d o Y o 'm 3 A i Si C7 V UV t% xa. 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