2012-COH - Comprehensive Annual Financial Report

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William P. Inoi Mayor December 27, 2012 County of Hawaii Finance Department 25 Aupuni Street, Room 2103 9 Filo, Hawaii 96720 (848) 961-8234 . Fax (808) 961-8569 The Honorable Mayor and Members of the Council Counter of Iwi`i 25 Aupuni Street Hilo, Hawaii 96720 Nancy E. Crawford Director Deanna S. Sako Deputy Director We transmit herewith the Comprehensive Annual Financial Report for the County of Ia ai `i, State of Hawai' i (the County), for the fiscal year July 1, 2011 to June 3 0, 2 012. This report was prepared by the County's Department ofFinance. The accuracy of the financial statements and the completeness and fairness of their presentation are the responsibility of the County government. We believe the enclosed data are complete and accurate in all material respects and are reported in a manner designed to present fairly the financial position and results of operations of the various funds of the County. All disclosures necessary to convey the maximum understanding of the Counter's financial activities have been included. Management's discussion and analysis is also included t aid users of the financial statements. This report presents the financial position of the County of awai `i at June 30, 2012 and results of operations for the fiscal year then ended. The report is divided into three sections: The Introductory Section includes this transmittal letter, a Certificate of Achievement for Excellence in Financial Reporting, the County of Ha vai`i's organization chart and lists ofelected and principal officials. The Financial Section contains management's discussion and analysis, the basic financial statements, related notes, the combiningand individual fund budgetary financial statements, and the independent auditors' report. The Statistical Section includes selected financial and demographic information, generally presented on a multi-year basis. This report includes all funds of the County ofHawai`i, including its component unit, the Department of Water Supply, established by the County Charter as a semi -autonomous awai `i County is an equal opportunity provider and employer.