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REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: September 17, 2025 Re: Comm. No. 478/Res. No. 302-25 <br />PLACE: Council Chambers <br />Kailua-Kona, Hawaii <br />TIME: 9:01 a.m. <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance, to which was referred Resolution No. 302-25, reports as follows: <br />Resolution No. 302-25, transmitted by Finance Director Diane Nakagawa via Communication <br />No. 478, dated August 28, 2025, authorizes the payment of funds of later fiscal years and authorizes <br />the Mayor to enter into an agreement with the State of Hawaii, Office of the Auditor, for an audit <br />of the Employees' Retirement System of the State of Hawaii. <br />This resolution authorizes the Mayor to enter into a three-year agreement with an approximate <br />total cost of $14,400, for an audit of the schedule of employer allocations of the Employees' <br />Retirement System of the State of Hawaii, in order to meet the reporting requirements under <br />Governmental Accounting Standards Board Statement No. 68, "Accounting and Financial Reporting <br />for Pensions." <br />There was no discussion on this matter. <br />Your Committee on Finance is in accord with the purpose and intent of Resolution No. 302-25, and <br />recommends its adoption. <br />Ikh <br />AYES <br />NOES <br />ABS <br />EX <br />GALIMBA <br />X <br />HUSTACE <br />X <br />INABA <br />X <br />KAGIWADA <br />X <br />KANEALI'I-KLEINFELDER <br />X <br />KIERKIEWICZ <br />X <br />KIMBALL <br />X <br />ONISHI <br />X <br />VILLEGAS <br />X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />ADOPTED: OCTO 5 <br />