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<br /><, <br /> <br />'. <br /> <br />. <br /> <br />COUNTY OF HAWAII <br /> <br />STATE OF HAWAII <br /> <br />RESOLUTION NO. 131 97 (DRAFr 2) <br />A RESOLUTION ESTABLISHING A POLICY FOR THE COUNCIL OF THE COUNTY OF <br />HAWAII RELATING TO THE COUNCIL'S INDEPENDENT AUDIT, THE MANDATORY <br />PROGRAM REVIEW, AND AN EXPANDED RESEARCH AND SPECIAL STUDIES <br />PROGRAM <br /> <br />WHEREAS, the examination of executive agencies is an indispensable tool of a <br />legislative body at all levels of government to fulfill its oversight responsibility over the <br />activities of the executive branch; and <br /> <br />WHEREAS, the Council wishes to formalize and strengthen its independent audit <br />program and program review process by the establishment of a policy relating to the Council's <br />independent audit, mandatory program review, and expanded research and special studies <br />program. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE COUNTY OF <br />HA W All that it hereby establishes the following policy relating to Council program reviews: <br /> <br />"POLICY <br /> <br />COUNCIL INDEPENDENT AUDIT, MANDATORY PROGRAM REVIEWS <br />AND EXPANDED RESEARCH AND STUDIES PROGRAM <br /> <br />I. Definitions <br /> <br />As used herein: <br /> <br />"Audit" means a methodical examination of utilization of resources, concluding in <br />a written report of findings. <br /> <br />"Financial audit" means an examination leading to the expression of an opinion <br /> <br />on: <br /> <br />(1) The fairness of presentation of the audited entity's basic financial <br />statements in conformity with generally accepted accounting principles; and <br /> <br />(2) The audited entity's compliance with various finance-related legal and <br />contractual provisions used to assure acceptable governmental organizational <br />performance and effective management stewardship. <br /> <br />"Performance review" means an examination intended to assess: <br />