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COUNTY OF HAWAII <br /> Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Assets <br /> June 30,2012 <br /> Total fund balances-governmental funds $ 146,368,469 <br /> Amounts reported for governmental activities in the statement of <br /> net assets are different because: <br /> Capital assets used in governmental activities are not financial <br /> resources and therefore are not reported in the funds. These assets <br /> consist of: <br /> Land and improvements 129,569,750 <br /> Infrastructure assets,net 246,938,042 <br /> Buildings and improvements,net 455,481,924 <br /> Equipment,net 50,089,791 <br /> Easements,net 3,232,428 <br /> Construction work in progress 31,937,409 <br /> Total capital assets 917,249,344 <br /> Some of the County's revenues will be collected after year-end but are <br /> not available soon enough to pay for the current period's expenditures <br /> and therefore are deferred(unearned)in the funds.(note 7) 27,530,381 <br /> Some liabilities are not due and payable in the current period and <br /> therefore are not reported in the funds. Those liabilities consist of: <br /> Bonds and loans payable,net of receivable <br /> from improvement district (312,428,649) <br /> Interest on long-term debt (6,038,265) <br /> Capital leases (3,803,618) <br /> Compensated absences (32,580,579) <br /> Claims and judgments (I0,447,107) <br /> Landfill costs payable (21,424,000) <br /> Other Postemployment Benefit Obligation(OPEB) (22,340,332) <br /> Total long-term liabilities (409,062,550) <br /> Net assets of governmental activities S 682,085,644 <br /> See accompanying notes to the basic financial statements. <br /> -33 - <br />