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

State of Hawai‘i
Department of Hawaiian Home Lands
Reconciliation of the Governmental Funds Balance Sheet
to the Statement of Net Assets
June 30, 2010
Total fund balances – governmental funds $ 238,806,516
Amounts reported for governmental activities in the
statement of net assets are different because
Capital assets used in governmental activities are not
financial resources and therefore are not reported in the funds.
These assets consists of
Infrastructure assets $ 594,857,958
Land 41,824,230
Building and improvements 28,509,298
Construction-in-progress 17,136,652
Other capital assets 7,227,071
Accumulated depreciation (146,867,830)
The accompanying notes are an integral part of the financial statements.
DHHL ANNUAL REPORT 2010 | 67
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542,687,379
Other assets are not available to pay for current-period
expenditures and therefore, are deferred, or not recognized,
in the funds. 476,343
Certain revenues not collected within 60 days after the end of
the year are deferred in the funds. 806,095
Accrued interest payable is not recognized in governmental
funds. (763,049)
Long-term debt payment accruals are included as an expenditure
for governmental funds but are included in bonds payable and
capital lease obligation in the statement of net assets. 1,380,132
Some long-term liabilities are not due and payable in the
current period and therefore are not reported in the funds,
including
Notes payable (20,206,202)
Capital lease obligation (23,850,000)
Bonds payable (41,796,804)
Accrued vacation (1,564,397)
Net assets of governmental activities $ 695,976,013
For a copy of the complete audit report, please visit our website at http://www.hawaii.gov/dhhl