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<br /> <br /> <br /> CASEY JARMAN ~tV OF V KENNETH G. GOODENOW <br /> v••"'"• <br /> County Clerk Deputy County Clerk <br /> cP,••~u <br /> ; t COLLEEN SCHRANDT <br /> Legislative Auditor <br /> Mailing Address: <br /> E OF'H~' Business Address: <br /> (Former County Building) 333 Kilauea Avenue, Second Floor <br /> 25 Aupuni Street Ben Franklin Building <br /> Hilo, Hawai `i 96720 Hilo, Hawai `i 96720 <br /> County of Hawai `i <br /> Office of the County Clerk <br /> Telephone: (808) 961-8255 Facsimile: (808) 961-8912 s r ~j <br /> co <br /> July 8, 2008 - <br /> TO: Council Members of the Finance Committee <br /> FROM: L1 Colleen Schrandt <br /> *'Legislative Auditor <br /> <br /> RE: Financial Audit Report for Fiscal Year Ending June 30, 2007 <br /> <br /> For your review, deliberation, and acceptance, I am submitting the post-audit Financial Audit <br /> Report of the County of Hawai `i for the Fiscal Year Ended June 30, 2007, and Management Letter <br /> dated December 28, 2007, as prepared by KPMG LLP. The Report and Management Letter <br /> satisfy the requirement of Section 10-13, Hawaii County Charter, relating to the responsibility of <br /> the County Council to conduct an annual independent audit of the accounts and other evidences of <br /> financial transactions of the County and of every county agency. <br /> <br /> KPMG LLP has issued an unqualified opinion, indicating that the financial statements present <br /> fairly in all material respects, the financial position of Hawaii County for Fiscal Year Ending <br /> June 30, 2007, in conformance with U.S. generally accepted accounting principles. <br /> <br /> This year's Management Letter contains findings and recommendations related to: <br /> <br /> • Collection of Receivables <br /> <br /> The auditors will be present at the Finance Committee meeting on July 22, 2008, to answer any <br /> questions you may have. Appropriate department head(s) or their representative(s) will also be <br /> asked to attend the meeting. <br /> In the meantime, please feel free to contact Lane Shibata should you require further information. <br /> <br /> Enclosures <br /> <br /> cc w/o enclosures: Ralph Kanetoku, KPMG LLP <br /> Department of Finance <br /> Department of Environmental Management <br /> <br /> <br /> Comm. No. <br /> Ref. To., T -co <br /> Serving the Interests of the People of Our Island Ref. -----~7.. <br /> Hawai `i County is an Equal Opportunity Provider and Employer Date- L `uU~ <br />