|
COUNTY OF HAWAII
<br />Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position
<br />June 30, 2015
<br />Total fund balances - governmental funds $ 160,551,173
<br />Amounts reported for governmental activities in the statement of
<br />(317,125,527)
<br />net position are different because:
<br />(5,412,443)
<br />Capital assets used in governmental activities are not financial
<br />(2,981,709)
<br />resources and therefore are not reported in the funds. These assets
<br />(35,625,275)
<br />consist of:
<br />(13,286,907)
<br />Land and improvements
<br />201,363,687
<br />Infrastructure assets, net
<br />278,990,393
<br />Buildings and improvements, net
<br />495,445,600
<br />Equipment, net
<br />50,250,220
<br />Easements, net
<br />3,830,410
<br />Construction work in progress
<br />60,966,761
<br />Total capital assets, net
<br />1,090,847,071
<br />Deferred amounts on refunding and pension are reported as deferred
<br />outflows of resources in the government -wide financial statements but are not
<br />are not reported in the governmental fund statements
<br />46,999,950
<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 />25,380,108
<br />Decrease in real estate held for sale due to recognition of additional (1,058,271)
<br />sales transactions that are considered deferred (unearned) in the funds.
<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
<br />(317,125,527)
<br />Interest due on long-term debt
<br />(5,412,443)
<br />Capital leases
<br />(2,981,709)
<br />Compensated absences
<br />(35,625,275)
<br />Claims and judgments
<br />(13,286,907)
<br />Landfill costs payable
<br />(22,664,000)
<br />Pollution remediation
<br />(10,590,000)
<br />Other Postemployment Benefit Obligation (OPEB)
<br />(65,755,197)
<br />Net pension obligation
<br />(322,626,262)
<br />Total long-term liabilities
<br />(796,067,320)
<br />Deferred amounts related to pension are reported as deferred
<br />inflows of resources in the government -wide financial statements but are not
<br />are not reported in the governmental fund statements (54,470,799)
<br />Net position of governmental activities $ 472,181,912
<br />See accompanying notes to the basic financial statements.
<br />
|