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COUNTY OF HAWAII
<br />Proprietary Funds
<br />Statement of Cash Flows
<br />For the Fiscal Year Ended June 30, 2015
<br />Business -type Activities -
<br />Enterprise Funds
<br />Kulaimano Ouli Ekahi
<br />Elderly Affordable
<br />Housing Housing
<br />Project Project
<br />Total
<br />Cash Flows from Operating Activities
<br />Receipts from tenants $ 112,411 $ 339,143 $ 451,554
<br />Receipts from federal government - HUD 113,642 113,642
<br />Payments to suppliers for goods and services (198,594) (255,997) (454,591)
<br />Net cash provided by operating activities 27,459 83,146 110,605
<br />Cash Flows from Capital and Related Financing Activities
<br />Principal paid on notes payable (50,187) (46,720) (96,907)
<br />Interest paid on notes payable (42,317) (42,317)
<br />Purchase of capital assets (12,973) (2,565) (15,538)
<br />Net cash used in capital and related financing activities (105,477) (49,285) (154,762)
<br />Cash Flows from Investing Activities
<br />Purchase of investments (400,000) (400,000)
<br />Proceeds from maturities of investments 200,000 200,000
<br />Interest on investments 1,208 15 1,223
<br />Net cash provided by investing activities (198,792) 15 (198,777)
<br />Net increase in cash and cash equivalents (276,810) 33,876 (242,934)
<br />Cash and cash equivalents at beginning of year (including
<br />restricted cash and cash equivalents) 590,399 357,095 947,494
<br />Cash and cash equivalents at end of year (including
<br />restricted cash and cash equivalents) 313,589 $ 390,971 $ 704,560
<br />Reconciliation of Operating Income to Net Cash
<br />Provided by Operating Activities
<br />Operating income (loss) $ (17,599) $ 64,287 $ 46,688
<br />Adjustments to reconcile operating income to net cash
<br />provided by operating activities:
<br />Depreciation expense 35,468 16,820 52,288
<br />Change in assets and liabilities:
<br />Receivables, net 566 1,275 1,841
<br />Prepaid expenses (44) (44)
<br />Accounts and other payables 8,714 708 9,422
<br />Deferred revenue 354 56 410
<br />Net cash provided by operating activities
<br />$ 27,459 $ 83,146 $ 110,605
<br />Supplemental disclosure of cash flow information - Interest paid $ 42,317 $ $ 42,317
<br />Noncash investing, capital and financing activities:
<br />Net increase in fair value of investments 76 $ 76
<br />See accompanying notes to the basic financial statements.
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