Annual Comprehensive Financial Report 2022

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Public Works-DPW is currently working on these major projects: • The Kalaniana`ole Avenue Reconstruction, Kamehameha/Railroad Avenue to Ka`uhane Avenue, is valued at $22 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 projected completion date is in December 2022. • The Hawaii County Emergency Call Center is valued at $31 million. The project includes a new 17,127-square-foot essential facility building for the Police and Fire Dispatch. The project generally consists of site work, a parking lot(58 parking stalls), loading zones, landscaping, redundant generators, a fuel tank, and a communication tower. The projected completion date is March 2024. • The Waikoloa Road Rehabilitation, Mamalahoa Highway to Queen Ka`ahumanu Highway, is valued at$39 million and is scheduled to begin in May 2023. The project includes resurfacing the asphalt concrete pavement. The projected completion date is in September 2024. It is also a STIP project. • The Kilauea Lava Recovery repairs is valued at $82 million and is scheduled to begin in the Summer of 2023. This project will repair damages caused by the May 3, 2018 lava flow. The project completion date is in the Fall of 2025. It is also a project of the Federal Emergency Management Agency (FEMA). Culture and Recreation—A high priority for the Department is the development and implementation of its Action Plan, which includes a strategic plan,parks and cemetery maintenance plans, discontinued use of glyphosate products in the parks and implementing a Parks and Recreation's Homeless in the County working group. 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. - 4 -