2020-COH - Comprehensive Annual Financial Report

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Public Works- DPW is currently working on the following County and Statewide Transportation Improvement Program (STIP) projects: • The Kalaniana'ole Avenue Reconstruction project (Kanoelehua Avenue to Kuhio Street) is valued at$18.4 million. The project is in collaboration with the State Department of Transportation (DOT) and includes multi-use accessibility and the enhancement of roadway capacity,operations and safety for motorists, bicyclists and pedestrians. The work involves the widening of Kalaniana'ole Avenue to add for a concrete curb, gutter and sidewalk, a paved shoulder, bicycle lanes, utility relocation and the installation of a new waterline. The project is expected to be complete during the second quarter of 2021. • Originally built in 1937, AIN Drive culvert is being demolished due to being structurally deficient. The new properly-sized structure will provide a wider stream flow opening, a longer span and wider lane bridge with wider shoulders for pedestrians and bicyclists while reducing area flood hazards. With an estimated cost of$8.97 million, the new bridge will feature two 16-foot wide travel lanes, two 7-foot wide sidewalks, and new guardrails. Culture and Recreation -The Department will continue to provide emergency meals, modified programs, recreational opportunities and continue the maintenance and sanitization operations, while adhering to government proclamations and guidelines as the pandemic continues. Other Financial Information Internal Control The management of the County is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the County are protected from loss,theft or misuse and to ensure that adequate accounting data are compiled to allow for preparation of financial statements in conformity with generally accepted accounting principles. The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived; and (2) the valuation of costs and benefits requires estimates and judgments by management. Budgetary Control The County maintains budgetary controls to ensure that legal provisions of the annual budget are complied with and that those expenditures do not exceed budgeted amounts. Activities of the general fund and special revenue funds are included in the annual appropriated operating budget. Project-length financial plans are adopted for the capital projects fund. Budgetary control is established at the department level. Formal budgetary integration is employed as a management control device for the general fund, special revenue funds, and the capital projects fund. Budgetary control for the debt service fund is achieved through general obligation bond indenture provisions. - 4 -