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CASEY JARMAN +tr u. ~ KENNETH G. GOODENOW COUn/y Clerk Deputy County Clerk la;~ COLLEENSCHRANDT Legislative Auditor Marlin Address: ~ 8 ,ire oF•M~•M~ Business Address: (Former County Building) 333 Kilauea Avenue, Second Floor 25 Aupuni Street Ben Franklin Building Hilo, Hawai `i 96720 Hilo, Hawaii 96720 County of Hawai `i ice of the County Clerk Tetephone.~ (808 961-8255 Facsimile: (808) 961-89/2 June 27, 2007 TO: Council Members FROM: Colleen Schrandt~j -a Legislative Auditor `.J RE: Single Audit Report for Fiscal Year Ending June 3Q 2006 A copy of the Single Audit Report of the County of Hawai `d for Fiscal Year Ending June 30, 2006, is distributed for your information and review. The Single Audit Report was prepazed by KPMG LLP as part of the Council's overall audit contract and is not required by the Hawaii County Charter. However, the Single Audit is an audit of the County's basic financial statements and schedule of expenditures of federal awards in accordance with auditing standards generally accepted in the ilnited States of America, as adopted by the American Institute of Certified Public Accountants, issued by the Comptroller General of the United States; and the provisions of the Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Prof t Organizations. The Single Audit Report includes summary reviews of major federal financial assistance programs for the purpose of identifying any material weaknesses in internal controls and testing compliance with certain provisions of laws, regulations, contracts and grants, which could have a direct and material effect on the financial statement. A list of all county programs that have received federal funds can be found on pages 7-16 ("Schedule of Expenditures of Federal Awards"). A "Schedule of Findings and Questioned Costs" can be found on pages 18-21. A "Corrective Action Plan" summary from the Office of Housing and Community Development and Department of Water Supply for each finding can be found in the beginning of the report. A "Summary Schedule of Prior Audit Findings", which are the findings of last fiscal year, is also located in the beginning of the report. A meeting with the external auditors will be scheduled for the Finance Committee meeting on July 9, 2007 to answer any questions you may have. Enclosures (Note: Attached booklet is on file in the Clerk's Office.) cc w/o enclosures: Ralph Kanetoku, KPMG LLP Department of Finance QS Office of Housing and Community Development Comm. No. Department of Water Supply Ref. To:_ FG Ref. Date JUN 2 7 2007 Serving the /nterests ojthe People ojOur island Hawaii County is an Equal Opportunely Provider and Employer