Chương 3: Kiểm toán tài chính được nhận. Vào ngày 30 Tháng Sáu 2002, không hạn chế và hạn chế tài sản ròng của khoảng $ và $ , tương ứng, được bảo lưu trong hệ thống trở ngại của nhà trường cho các cam kết | Chapter 3 Financial Audit been received. At June 30 2002 unrestricted and restricted net assets of approximately 375 000 and 4 190 000 respectively were reserved in the school s encumbrance system for commitments. To the extent that state appropriated funds are not encumbered at year-end or are encumbered but not paid by a specified period of time after year-end these funds generally lapse and are returned to the state. As of June 30 2002 various sponsoring agencies had awarded the school research and training contracts and grants for which the school had yet to meet the associated eligibility requirements that would enable revenue recognition in the accompanying financial statements. Most of the eligibility requirements deal with incurring the appropriate expenses allowed for under the contracts and grants in the appropriate time period. At June 30 2002 the school held an estimated million in contract and grant funds available to be spent in varying time periods ranging from one to five years. Approximately 4 391 765 of this balance is reported as a deferred revenue liability to reflect the unearned revenue associated with funds received in advance from sponsors. The following comprises the deferred revenue balance at June 30 2002 Federal government 809 010 State and local governments 2 323 329 Nongovernmental 1 259 426 Total deferred revenues 4 391 765 Note 13 - Related Parties Both the university and the State of Hawaii provide certain accounting and general administrative services and facilities to the school. The costs of some of these services and facilities are not reflected in the accompanying financial statements. The University Clinical Education and Research Associates Inc. UCERA - formerly known as University Health Care Associates Inc. is a separately incorporated not-for-profit corporation which contributes to the school s goal of improving the health care status of the citizens of Hawaii and Pacific area by supporting the academic mission of the
