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"' " 2 ~ ?;o;g .!j .5 .5 ~ o .5 g' ;: '" - '-' c "' R J3 J3 ~ o o .~ '" .£ "0 E E ~!j"O" " ~ " ~ "o-~~ " " " ,"""""" "0 " '" ~§~;:J ~'"' 59 This is trial version www.adultpdf.com Exhibit B STATE OF HAWAII HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII Combined Statement of Revenues, Expenditures, and Changes in Fund Balances -All Governmental Fund Types and Expendable Trust Funds Year ended June 30, 2000 Total (memorandum only) $ 21,263,581 64,799,049 229,361 11,532 86,303,523 25,117 86,328,640 Revenues: Intergovernmental -HUD annual contributions State allotted appropriations interest Other $ Fiduciary Governmental Fond Types Fund Type Special Capital Expendable General Revenue Projects Trust $ 21,263,581 $ $ 7,263,213 8,785,836 229,361 11,532 21,504,474 7,263,213 25,117 7,288,330 8,785,836 48,750,000 Total revenues Other financing source -operating transfers in Total revenues and other financing source 21,504,474 1,709,267 4,039,341 541,206 35,852 151,550 494,179 120,278 454 2,905 7,095,032 311,520 7,406,552 17,912,723 1,470,855 1,450,184 97,234 1,166 474,839 2,059 11,519 Expenditures" CuITent: Housing assistance payments Homeless services Personnel services (notes P and Q) Administration Professional services Security Repairs and maintenance Utilities Other Capital outlay (note H) Total expenditures Other financing use -operating transfers out to enterprise funds Total expenditures and other financing use Excess (deficiency) of revenues and other financing source over expenditures and other financing use Fund balance at July 1,1999 Fund balance at June 30, 2000 24,198 257 1,173,903 1,198,358 1,327 39,854,376 39,855,703 39,855,703 (118,222) 342,720 $ 224,498 See accompanying notes to combined financial statements. 60 19,621,990 4,039,341 2,012,061 1,510,234 248,784 495,345 5%,701 2,513 14,424 41,028,279 69,569,672 311,520 69,881,192 83,895 5,571,967 5,655,862 7,587,478 4,167,296 11,754,774 8,894,297 2,635,283 11,529,580 16,447 ,448 12,717,266 29,164,714 This is trial version www.adultpdf.com u :c :a ~ ~ - < ~ "' ~ ~ ~ '0 0 § Z ~ 0 , ~ -"'= ~ ~~ < .eCI) ~ ~ 0 '0- ~ =cIj CI) o.U 0 ~CI) ~r5!i'o -U'0 0 <~ a] Ri ~~ t'-a 9 ~f ~~ ~ ~q .3C-' ~ 0- , '0 ~~ ~ CI) ~ > 0 .~ ] <~ =~ CI) ~Q E~ a ~~ 2.fi~ -$3CI) Z~bO ~ '0'0 ~ CI)~ ~ .5~ ~ .c'-"' 0 e-a U o.e Uu Q < Z '0 < a ~ ~ Z bO -'0 ~ ~ ~ ~ 0 = I ~ ~~:c \0 Iy.Q= 0\ = = \0. = Q r Q > r ; > ~ "'f'. >~= N = '-' '-' ~ ~ = = ~ t' o 1~=-s';;' ::0 = ~ -~bJ)"' r') =-'Q= - < = .Q 0\ ~ .Q "'f'. 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M-\DO O 0'10'10'1 or) M :; r:.:: This is trial version www.adultpdf.com Exhibit D STATE OF HAWAII HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII Combined Statement of Revenue and Expenses -Proprietary Fund Types Year ended June 30, 2000 Total (memorandum only) Internal Service Enterprise $ 49,973,237 3,582,522 185,000 32,218,410 (20,874,366) 1,181,696 6,136,243 72,402,742 $ $ 49,973,237 3,582,522 185,000 32,343,922 (20,874,366) 1,181,696 6,137,368 72,529,379 Operating revenues: Interest Sales of land Sales of units Rental (notes F, N, and R) Net decrease in the fair value of investments Conveyance tax Other 125,512 1,125 40,978,404 6,336,542 8,749,052 16,355,055 14,018,745 2,331,727 2,371,130 351,724 745,239 469,286 642,916 1,269,966 325,920 323,350 177,799 40,748 548,731 289,022 4,507,584 7,137,699 1,151,889 2,402,513 111,525,041 (39,122,299) 40,978,404 6,336,542 8,749,052 16,355,055 14,142,248 2,331, 727 2,371,130 351,724 745,239 469,286 652,909 1,269,966 325,920 323,350 177,799 40, 748 548, 731 289,022 4,507,584 7,137,699 1,151,889 2,403,387 111,659,411 (39,130,032) Total operating revenues Operating expenses: Interest Cost of land sold Project Personnel services (notes P and Q) Depreciation Housing assistance payments Administration Provision for losses Loan servicing fees Letter of credit fees Professional services Arbitrage rebate (note J) Trustee fees Amortization of deferred bond issuance costs Amortization of deferred refunding cost Mortgage insurance Security Insurance Repairs and maintenance Utilities Payments in lieu of taxes Other 123,503 9,993 874 134,370 (7,733) 5,332,820 9,909,680 (416,394) 14,826,106 (24,296,193) 311,520 (23,984,673) 41,339 (24,254,854) 311,520 (23,943,334) (68,459) $ (24,053,132) (68,459) $ (24,011,793) Total operating expenses Operating loss Nonoperating revenues and expenses: Interest income HUD operating subsidy and others Interest expense Total nonoperating revenues and expenses Income (loss) before operating transfer and extraordinary item Operating transfer in from general fund Income (loss) before extraordinary item Extraordinary item -loss from early redemption of revenue bonds payable Net income (loss) $ ~ See accompanying notes to combined financial statements. 62 5,381,892 9,909,680 (416,394) 14,875,178 This is trial version www.adultpdf.com ~ - :0 := " ~ ~ ~ < ~ ~ ~ o z ., 9 ~ " ~ § 0 ~ ~ Q ~ s o .~ ~u a. 8~ o ~z ~ Ri ~ 10 ~f .'?j: ';; ~O ~ c o~ $ ~ ~~ ." ." > § ~ <~ ~ c ~ Q) {/l>- 2 ~ c ~ ~ ., r z e ~ p, ~ s ~ ~ 0 ~ u .0 ~ § < u '"' ~ {/l ~ 0 = ~ -00 -=M = ~ ,~, . =- 00 'C r = N. = - r fA ~.E'C ~ r 0\ ~ .s .s 0. = = = 1.0 = r ~= N ~ . = fA 'C ~ =- ~ :S .~ 00. 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" 0 ~"U .c § ,,~ " U~ $ -ug""."." 1;;-5u a=, Z"a ~cc:~ O a = '".,.,c:-V) - .,." .",'" 0 ., CQ< CQZ"", U CQ ';;;' O I' O 'r\ 0\. ~ 00 O I" O "' 0\. 00 , N "01". :::- N r. ~ " E ~ "t; 'u ~ t.;= -0 ~ ;0 § u !3 "' ~ bO C '~ E 0 u ~ " " r/) 63 ~-~ -= "' = - ,-, . 0- - E = \0 C = ~ ~ \0 ~.~ -= ~ "' "'" = .= r = C O ~ C = \0 ~ ~ ~ a "' -= ~:;- N = - :e .~ "'". 0 =~ CU "'" 8 ~. "' I~ ~ N ." ~ , " - 0- -" ., ." M ." 10 O O 00" -" ~" -~ M '-' o- ~ N O~ V)o ~ 0; \0. V)O N~ 0- v;' NN ~ V) This is trial version www.adultpdf.com Exhibit F STATE OF HAWAII HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII Combined Statement ofCash Flows -Proprietary Fund Types Year ended June 30, 2000 Total (memorandum only) Internal Service :!~nterprise $ (39,122,299) $ (7,733) $ (39,130,032) 14,571,669 (58,173) (40,772,115) (869,023) 40,978,404 355,278 20,874,366 (1,116,856) 123,503 878 14,695,172 (58,173) (40,772,115) (869,023) 40,978,404 355,278 20,874,366 (1,116,856) 878 5,116,745 5,986,492 1,768,957 (320,564) (486,149) (6,508,509) 288,960 9,985 5,862,234 410,823 (258,058) 909,314 311 537,532 1,866,178 85,849 495,299 1,269,966 (47,457) (677,508) (1,667,420) 9,484,231 5,116,745 5,986,492 1,768,957 (320,564) (486,149) (6,313,645) 288,960 9,985 5,862,234 410,823 (258,058) 876,249 311 537,532 1,866,178 85,849 495,299 1,269,966 (47,457) (677,508) (1,667,420) 9,762,678 194,864 (33,065) 278,447 ~ Cash flows from operating activities: Operating loss Adjustments to reconcile operating loss to net cash provided by operating activities: Depreciation and amortization Gain on sale of land Interest on investments Interest on financing lease Interest on revenue bonds Provision for losses Net decrease in the fair value of investments Lender commitment fees amortized Loss on disposal of property and equipment Changes in assets and liabilities: Mortgage loans receivable Notes and loans receivable Accrued interest receivable on mortgages, notes, and loans Tenant receivables Other receivables Due from other funds Due from HUD Due from State of Hawaii Inventories Prepaid expenses and other assets Deposits held in trust Accounts payable Accrued interest payable Accrued other expenses Due to other funds Due to HUD Security deposits Arbitrage rebate payable Deferred income Deferred gain on sale of units and land Estimated future costs of land sold Net cash provided by operating activities Cash flows from noncapital financing activities: Proceeds from sale of revenue bonds Principal paid on revenue bond maturities and redemptions Interest paid on revenue bonds HUD operating subsidy received Operating transfers in from general fund Bond issuance costs paid Lender commitment fees received Advances from other funds Contributions returned to State of Hawaii Net cash provided by non capital financing activities Subtotal, carried forward $ 108,765,000 (18,275,000) (32,806,915) 8,967,690 311,520 (866,417) 2,157,415 4,303,226 (4,632) 72,551,887 82,036,118 $ 108,765,000 (18,275,000) (32,806,915) 8,967,690 311,520 (866,417) 2,157,415 4,303,226 (4,632) -72,551,887 64 278,447 This is trial version www.adultpdf.com Exhibit F STATE OF HAWAII HOUSING AND COMMUNITY DEVELOPMENT CORPORATION OF HAWAII Combined Statement of Cash Flows -Proprietary Fund Types Year ended June 30,2000 Enterprise 82,036,118 Internal Service 278,447 $ 3,750,000 (4,399,332) (8,525,688) 71,000 (36,383) (16,992,955) (2,305,572) 16,343,144 (415,506) (12,511,292) 3,750,000 (4,399,332) (8,525,688) 71,000 (36,383) (16,943,128) (2,305,572) 16,343,144 (415,506) (49.827) (421,354,661) 413,378,090 43,274,419 1,240,183 1,428, 739 37,966,770 107,541,423 84,502,156 $ 192,043,579 700,000 40,768 $ 161,990,606 30,052,973 $ 192,043,579 $ Subtotal, brought forward Cash flows from capital and related financing activities: Proceeds from sale of revenue bonds Principal paid on revenue bond maturities and redemptions Interest paid on revenue bonds Proceeds from sale of land Principal payments on notes payable Acquisition of property and equipment Principal payments on mortgage loans Receipts of capital grants Payments of interest Net cash used in capital and related financing activities Cash flows from investing activities: Purchases of investments Proceeds from investments Interest received on investments Payments received on direct financing lease Net decrease in restricted deposits and funded reserves Net cash provided by investing activities Net increase in cash and cash equivalents Cash and cash equivalents at July I, 1999 Cash and cash equivalents at June 30, 2000 Reconciliation of cash to cash and cash equivalents: Cash Certificates of deposit and money market accounts Cash and cash equivalents at June 30, 2000 Supplemental disclosure of noncash information: Transfers of property to State of Hawaii Recognition of gain on sale of housing project as contributed capital $ $ (727,166) $ $ (727,166) $ 1,170,417 $ $ 1,170,417 See accompanying notes to combined financial statements. 65 Total (memorandum only) G 82,3 ]4,565 740,768 969,388 61,259 1,030,647 (421,354,661) 414,078,090 43,315,187 1,240,183 1,428,739 38,707,538 108,510,811 84,563,415 ; 193,074,226 This is trial version www.adultpdf.com 66 - " = ~ 0: " {/) = ~ ~ 10. 0 z o ~ ~ ~ § 0 ~ ~ s o ~ =u ~ <fo; - ~ Z .~ <~ R§ =~ ~ N 10. 8 I.0 ~ 0 " "" ~~ ~ § <~ " fo;Q ~ ~~ ~ ~ ~ ~ .= ~ :s o § U U ~ ~ ~ ~ i I o \0 ~ \0 0- V\ I - II",0",0-NN o -; \0. 0. \0. 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N. t 00 This is trial version www.adultpdf.com . 2000 24,198 257 1,173,903 1,198,358 1,327 39,854,376 39,855,703 39,855,703 (118,222) 342,720 $ 224,498 See accompanying notes to combined financial statements. 60 19,621,990 4,039,341 2,012,061 1,510,234 248,784 495,345 5%,701 2,513 14,424 41,028,279 69,569,672 311,520 69,881,192 83,895 5,571,967 5,655,862 7,587,478 4,167,296 11,754,774 8,894,297 2,635,283 11,529,580 16,447. early redemption of revenue bonds payable Net income (loss) $ ~ See accompanying notes to combined financial statements. 62 5,381,892 9,909,680 (416,394) 14,875,178 This is trial version www.adultpdf.com ~ - :0 := " ~ ~ ~ < ~ ~ ~ o z. capital $ $ (727,166) $ $ (727,166) $ 1,170,417 $ $ 1,170,417 See accompanying notes to combined financial statements. 65 Total (memorandum only) G 82,3 ]4,565 740,768 969,388 61,259 1,030,647 (421,354,661) 414,078,090 43,315,187 1,240,183 1,428,739 38,707,538 108,510,811 84,563,415 ;