COM 1323.000 2006-2008 - Laserfiche WebLink

Home

CASEY JARMAN tr of N KENNETH G. GOODENOW County Clerk Deputy County Clerk : t COLLEEN SCHRANDT Legislative Auditor Mailing Address: +rE oF•NpN Business Address: (Former County Building) 333 Kilauea Avenue, Second Floor 25 Aupuni Street Ben Franklin Building Hilo, Hawaii 96720 County of Hawai`i Hilo, Hawai'i 96720 Office of the County Clerk Telephone: (808) 961-8255 Facsimile: (808) 961-8912 ` f.. t' July 8, 2008 TO: Council Members of the Finance Committee FROM: Colleen Schrandt y V - Legislative Auditor RE: Single Audit Report for Fiscal Year Ending June 30, 2007 A copy of the Single Audit Report of the County of Hawai `i for Fiscal Year Ending June 30, 2007, is distributed for your information and review. The Single Audit Report was prepared 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 United 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-Profit 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 18-20. A "Corrective Action Plan" summary from the Department of Water Supply and Civil Defense Agency for each finding can be found in the beginning of the report. A "Summary Schedule of Prior Audit Findings", which were 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 22, 2008 to answer any questions you may have. Enclosures cc w/o enclosures: Ralph Kanetoku, KPMG LLP Department of Finance 12 Department of Water Supply Comm. No. 13 23 Civil Defense Agency Ref, To, G Serving the Interests of the People of Our Island Ref. Dcd Hawaii County is an Equal Opportunity Provider and Employer