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COUNTY OF HAWAII
<br />Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position
<br />June 30, 2014
<br />Total fund balances - governmental funds $ 205,958,739
<br />Amounts reported for governmental activities in the statement of
<br />net positron 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
<br />189,366,207
<br />Infrastructure assets, net
<br />274,721,099
<br />Buildings and improvements, net
<br />498,293,093
<br />Equipment, net
<br />48,353,349
<br />Basements, net
<br />3,803,176
<br />Construction work in progress
<br />37,709,918
<br />Total capital assets, net
<br />(8,770,000)
<br />Deferred amounts on refunding are reported as deferred outflows of
<br />resources in the government -wide financial statements but are not
<br />reported in the governmental fund statements
<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)
<br />Some Iiabilities 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
<br />(339,336,559)
<br />Interest on long-term debt
<br />(5,657,950)
<br />Capital leases
<br />(2,3 08,241)
<br />Compensated absences
<br />(33,985,444)
<br />Claims and judgments
<br />(13,723,893)
<br />Landfill costs payable
<br />(22,713,000)
<br />Pollution remediation
<br />(8,770,000)
<br />Other Postemployment Benefit Obligation (OPEB)
<br />(51,548,596)
<br />Total long-term liabilities
<br />Net position of governmental activities
<br />See accompanying notes to the basic financial statements.
<br />-33-
<br />1,052,246,842
<br />1,283,292
<br />25,057, I45
<br />(478,043,683)
<br />$ 806,502,335
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