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`O..H I Oi NyWq Colleen M. Schrandt Legislative Auditor Mailing Address.' Business Address: (Former County Building) y t~.~ 333 KTlauea Avenue. Second Floor 25 Aupuni Street 1LLILunfu1 la !A'af ]'1(T Z Ben Franklin Building Hilo, Hawaii 96720 C~ Hilo, Hawaii 96720 OFFICE OF THE LEGISLATIVE AUDITOR Telephone: (808) 961-8386 Facsimile: (808) 961-8905 September 1, 2009 c -s TO: Council Members of the Finance Committee co i. f r FROM: Colleen Schrandt e, N Legislative Auditor L RE: Single Audit Report for Fiscal Year Ending June 30, 2008 co A copy of the Single Audit Report of the County of Hawai `i for Fiscal Year EnFfing o June 30, 2008, 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 ofStates, 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 7-18 ("Schedule of Expenditures of Federal Awards"). A "Schedule of Findings and Questioned Costs" can be found on pages 20-21. There are no current year findings and recommendations to this year's report. A "Summary Schedule of Prior Audit Findings", which was 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 September 15, 2009 to answer any questions you may have. Enclosures cc w/o enclosures: Nancy Rose, KPMG LLP Department of Finance Comm. Ko.~ ~ 1 Ref. To: r C. Rt;f. Date SEP o 2 2223 Serving the Interests of the People of Our Island Hawaii County is an Equal Opportunity Provider and Employer