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<br /> 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
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<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 private-purpose trusts and the agency funds are reported
<br /> under the fiduciary funds. Since the resources of these funds are not available to support the
<br /> County's own programs,they are not reflected in the government-wide financial statements.
<br /> The accounting used for fiduciary funds is much like 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
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<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 30,2008 and 2007
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<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2008 2007 2008 2007 2008 2007
<br /> Assets:
<br /> Current and other assets $295,415,507 $324,854,922 $1,202,438 $1,272,461 $296,617,945 $326,127,383
<br /> Capital assets,net 608,669,449 545,921,770 1,278,316 1,306,263 609,947,765 547,228,033
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<br /> Total assets $904,084,956 $870,776,692 $2,480,754 $2,578,724 $906,565,710 $873,355,416
<br /> Liabilities:
<br /> Long-term liabilities
<br /> outstanding 361,199,734 371,342,710 970,892 995,854 362,170,626 372,338,564
<br /> Other liabilities 29,403,624 28,437,233 409,891 451,873 29,813,515 28,889,106
<br /> Total liabilities $390,603,358 $399,779,943 $1,380,783 $1,447,727 $391,984,141 $401,227,670
<br /> Net assets:
<br /> Invested in capital assets,net
<br /> of related debt 419,174,559 394,789,635 307,424 310,409 419,481,983 395,100,044
<br /> Restricted 66,977,935 54,857,023 184,352 183,832 67,162,287 55,040,855
<br /> Unrestricted 27,329,104 21,350,091 608,195 636,756 27,937,299 21,986,847
<br /> Total net assets $513,481,598 $470,996,749 $1,099,971 $1,130,997 $514,581,569 $472,127,746 '
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