HAWAII DISABILITY RIGHTS CENTER FINANCIAL AUDITS YEARS ENDED SEPTEMBER 30, 2004 AND 2003_part1 pptx

TABLE OF CONTENTS Page AUDITORS' REPORT AND FINANCIAL STATEMENTS Note to Schedule of Expenditures of Federal Awards 15 OTHER REPORTS AND SCHEDULES Report on Internal Control Over Financi

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TABLE OF CONTENTS Page AUDITORS' REPORT AND FINANCIAL STATEMENTS

Note to Schedule of Expenditures of Federal Awards 15

OTHER REPORTS AND SCHEDULES

Report on Internal Control Over Financial Reporting

and on Compliance and Other Matters Based on

an Audit of Financial Statements Performed in

Accordance With Government Auditing Standards 17 - 18 Report on Compliance with Requirements Applicable

to Each Major Program and on Internal Control Over

Compliance in Accordance with OMS Circular A-133 19 - 20

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CGM

Carr, Gouveia + Matsumoto, CPAs, Inc

INDEPENDENT AUDITORS' REPORT

To the Board of Directors of

Hawaii Disability Rights Center

Honolulu, Hawaii

We have audited the accompanying statements of financial position of Hawaii Disability Rights Center (a nonprofit organization) as of September 30, 2004 and 2003, and the related statements of activities, functional expenses, and cash flows for the years then ended These financial statements are the responsibility of the Center's management Our responsibility is to express an opinion on these financial statements based on our audit

We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in

Government Auditing Standards, issued by the Comptroller General of the United States

Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation We believe that our audits provide a reasonable basis for our opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Hawaii Disability Rights Center as of September 30, 2004 and 2003, and the changes in its net assets and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America

In accordance with Government Auditing Standards, we have also issued our report dated

March 29, 2005 on our consideration of Hawaii Disability Rights Center's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or on compliance That report is an integral part of an audit performed in accordance

with Government Auditing Standards and should be considered in assessing the results of our

audit

680 Iwilei Road,

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Our audit was performed for the purpose of forming an opinion on the basic financial statements taken as a whole The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by U S Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, and is not a required part of the basic financial statements Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole

March 29, 2005

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HAWAII DISABILITY RIGHTS CENTER

STATEMENTS OF FINANCIAL POSITION

September 30, 2004 and 2003

ASSETS

Cash

Accounts receivable

Grants receivable

Prepaid expenses

Property, net of accumulated depreciation

Deposits

$

2004

250,253 2,139 63,996 39,748 67,870 8,773

$

2003 339,372

50,067 14,259 93,077 8,773

LIABILITIES AND NET ASSETS

LIABILITIES

Accounts payable

Refundable advance

Accrued lease rent

TOTAL LIABILITIES

$ 11,206 3,478 12,598 27,282

$ 16,362 7,916 20,998 45,276

NET ASSETS

Unrestricted

Temporarily restricted

TOTAL NET ASSETS

267,157 138,340 405,497

310,202 150,070 460,272

See accompanying notes to 'financial statements

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NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ACTIVITIES AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization and Nature of Activities

Hawaii Disability Rights Center (Center) is a private, nonprofit corporation which was formed primarily to provide protection and advocacy services These services include protecting and guaranteeing the human, civil, and legal rights of individuals of all ages with hardships, including those who are developmentally disabled, 'frail, elderly, and mentally ill, and serving as advocates

on their behalf The Governor of the State of Hawaii has designated the Center as the advocacy agency in Hawaii to receive federal funds under the Developmental Disabilities Assistance and Bill of Rights Act of 1975, the Rehabilitation Act of 1973, and the Protection and Advocacy for Mentally III Individuals Act of 1986, all as amended The Center is supported primarily through government grants

The Center is exempt from income taxes under Internal Revenue Code Section 501 (c)(3), and

is not classified as a private foundation Contributions to the Center are tax deductible

Basis of Presentation

Financial statement presentation follows the recommendations of the Financial Accounting Standards Board in its Statement of Financial Accounting Standards (SFAS) No 117, Financial

report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets The Center has no permanently restricted net assets

Property and Depreciation

Property acquisitions are recorded at cost Expenditures for property costing over $500 are capitalized Depreciation is recorded using the straight-line method over the estimated useful lives of the assets, principally five years

Contributions

Contributions are recognized when received, and are recorded as unrestricted, temporarily restricted, or permanently restricted based on the nature of any donor-imposed restrictions Restricted net assets are reclassified to unrestricted net assets upon satisfaction of purpose or time restrictions Contributions and grants are considered to be available for unrestricted use unless specifically restricted by donor

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NOTES TO FINANCIAL STATEMENTS - Continued

NOTE 1 - NATURE OF ACTIVITIES AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Continued

Promises to Give

Unconditional promises to give are recognized as revenues in the period received and as assets, decreases of liabilities, or expenses depending on the form of the benefits received Conditional promises to give are recognized only when the conditions on which they depend are substantially met and the promises become unconditional

Use of Estimates

Management uses estimates and assumptions in preparing financial statements Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure

of contingent assets and liabilities, and the reported revenues and expenses Actual results could differ from those estimates

Expense Allocation

The costs of providing various programs and other activities have been summarized on a functional basis in the statements of activities and in the statements of functional expenses Accordingly, certain costs have been allocated among the programs and supporting services benefited

NOTE 2 - CASH

Cash held by the Center at September 30, 2004 and 2003 included $203,951, and $239,247, respectively, that was not covered by insurance provided by the federal government

NOTE 3 - PENSION

The Center has a simplified employee pension plan (SEP) covering all employees who have worked in at least two years of the immediately preceding five years Total pension expense for the years ended September 30,2004 and 2003 was $58,333, and $57,848, respectively

NOTE 4 - CONCENTRATION OF REVENUE

In 2004 and 2003, approximately 79%, and 73%, respectively, of the Center's revenues were provided by one State and four Federal grants

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NOTE 5 - PROPERTY

As of September 30, 2004 and 2003, the cost and accumulated depreciation of the Center's property were as follows:

217,736 213,684

NOTE 6 - LEASE COMMITMENTS

The Center rents office space for its operations on four islands in Hawaii The office lease on Oahu has an expiration date of March 2006 Offices on other islands are rented on a month-to month basis Rent expense during the year ended September 30, 2004 and 2003 was

$101,040, and $79,945, respectively, and is included in occupancy expense

Future minimum office lease payments are as follows:

Fiscal year ending September 30:

$ 162,619

The Center leases a color copier for 60 months that expires in September 2005 Rent expense during the years ended September 30,2004 and 2003 was $12,253 and $12,457, respectively, and is included in equipment rental and maintenance expense

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NOTE 7 - CONDITIONAL PROMISES TO GIVE

Conditional promises to give at September 30, 2004 and 2003 consisted of the following grants:

Traumatic Brain Injury Protection and

Protection and Advocacy Systems: Help

Protection and Advocacy for Beneficiaries

Assistive Technology - State Grants

$ 113,049 $ 109,978

NOTE 8 - TEMPORARILY RESTRICTED NET ASSETS

Temporarily restricted net assets as of September 30, 2004 and 2003 consisted of $138,340, and $150,070, respectively, restricted for the Protection and Advocacy for Individuals with Mental Illness program

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