The Hawaii Summary of Your Assets and Liabilities and Certain Statistical Information is an annual report composed of three parts that provides a detailed overview of the financial condition of the State of Hawaii. The first part is the Summary of Assets and Liabilities which includes a breakdown of the State’s total assets and liabilities, including cash, investments, accounts receivable, property and equipment, and other assets and liabilities. The second part is the Certain Statistical Information which includes population and employment data, government finances, and other economic indicators. The third part is the Summary of Revenues and Expenditures which contains a breakdown of the State’s revenue sources and expenditures by fiscal year. This report provides a comprehensive look at the financial condition of the State of Hawaii and is used for both internal and external purposes.
Hawaii Summary of Your Assets and Liabilities and Certain Statistical Information
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An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They are bought or created to increase a firm's value or benefit the firm's operations.
Assets are what a business owns, and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equal equity?or the company's net worth. Ideally, a company should have more assets than liabilities.
Official Form 106Sum. Summary of Your Assets and Liabilities and Certain Statistical Information.
List all your known property and debt. This can be used as an attachment to Declaration of Disclosure (form FL-140) or you may use Property Declaration (form FL-160) instead.