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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 SupplementaKy Information
<br /> In addition to the basic financial statements and accompanying notes,this report also presents
<br /> certain required supplementary information,which is presented immediately following the notes
<br /> to the basic financial statements. The combining statements referred to earlier in connection with
<br /> nonmajor governmental funds and budgetary comparison schedules for the nonmajor special
<br /> revenue funds are presented immediately following the required supplementary information.
<br /> GOVERNMENT-WIDE FINANCIAL ANALYSIS
<br /> Condensed Statement of Net Assets
<br /> June 30,2012 and 2011
<br /> Primary Government
<br /> Governmental Activities Business-type Activities Total
<br /> 2012 2011 2012 2011 2012 2011
<br /> Assets:
<br /> Current and other assets $ 252,075,426 $ 220,271,120 $1,036,087 $1,057,768 $ 253,111,513 $ 221,328,888
<br /> Capital assets,net 917,249,344 836,674,103 1,167,154 1,193,198 918,416,498 837,867,301
<br /> Total assets 1,169,324,770 1,056,945,223 2,203,241 2,250,966 1,171,528,011 1,059,196,189
<br /> Liabilities:
<br /> Long-term liabilities
<br /> outstanding 438,814,811 421,449,861 851,306 884,232 439,666,117 422,334,093
<br /> Other liabilities 48,424,315 29,058,381 395,021 423,100 48,819,336 29,481,481
<br /> Total liabilities 487,239,126 450,508,242 1,246,327 1,307,332 488,485,453 451,815,574
<br /> Net assets:
<br /> Invested in capital assets,net
<br /> of related debt 594,384,524 514,309,238 315,848 308,966 594,700,372 514,618,204
<br /> Restricted 48,360,223 51,840,697 185,148 185,087 48,545,371 52,025,784
<br /> Unrestricted 39,340,897 40,287,046 455,918 449,581 39,796,8I5 40,736,627
<br /> Total net assets $ 682,085,644 $ 606,436,981 $956,914 $943,634 $683,042,558 $607,380,615
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