'O ke kahua ma mua, ma hope ke kūkulu.

State of Hawai‘i
Department of Hawaiian Home Lands
Statement of Net Assets
June 30, 2010
Assets
Equity in cash and cash equivalents and investments held in State Treasury $ 184,907,226
Cash and short-term investments held outside of State Treasury
Receivables
960,346
Due from State Treasury 7,411,305
Loans, net of allowance for losses of $13,869,000 62,844,401
Accrued interest 3,959,636
General leases and licenses, net of allowance for losses of $1,549,000
603,395
Other 819,004
Inventory of homes for sale and development 6,647,730
Restricted cash and investments 6,128,367
Other assets 2,686,045
Capital assets, net 542,687,379
Total assets $ 819,654,834
Liabilities
Vouchers and contracts payable $ 8,253,224
Accrued wages and employee benefits payable 727,153
Due to State Treasury 1,068,215
Due to Federal agency 20,170,420
Interest payable 763,049
Other liabilities 2,739,245
Deferred revenue
Due within one year
2,540,112
Notes payable 2,200,000
Capital lease obligation 680,000
Bonds payable 812,442
Accrued vacation
Due in more than one year
467,285
Notes payable 18,006,202
Capital lease obligation 23,170,000
Bonds payable, net of discount of $501,000 40,984,362
Accrued vacation 1,097,112
Total liabilities 123,678,821
Commitments and contingencies
Net Assets
Invested in capital assets, net of related debt
Restricted for
457,794,721
Capital projects 60,624,958
Debt reserve agreements 6,128,367
Loans and loan commitments 64,459,528
Guaranteed and insured loans 11,000,100
Unrestricted 95,968,339
Total net assets 695,976,013
Total liabilities and net assets $ 819,654,834
For a copy of the complete audit report, please visit our website at http://www.hawaii.gov/dhhl
The accompanying notes are an integral part of the financial statements.
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