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Certificate of Achievement <br /> The Government Finance Officers Association of the United States and Canada(GFOA) <br /> awarded a Certificate of Achievement for Excellence in Financial Reporting to the County of <br /> Hawaii for its Comprehensive Annual Financial Report for the fiscal year ended June 30,2006. <br /> This was the nineteenth consecutive year that the government has achieved this prestigious <br /> award. In order to be awarded a Certificate of Achievement,a government must publish an <br /> easily readable and efficiently organized comprehensive annual financial report. This report <br /> must satisfy both generally accepted accounting principles and applicable legal requirements. <br /> A Certificate of Achievement is valid for a period of one year only. We believe our current <br /> Comprehensive Annual Financial Report continues to meet the Certificate of Achievement <br /> Program's requirements,and we are submitting it to the GFOA to determine its eligibility for <br /> another certificate. <br /> Acknowledgments <br /> The preparation of this report on a timely basis was made possible by the efficient and dedicated <br /> services of the entire staff of the Department of Finance and fiscal personnel in other <br /> departments. I am grateful for their help in preparing this report. I also thank the Mayor and the <br /> members of the County Council for their interest and support in assuring the continuing sound <br /> financial condition of the County of Hawaii. <br /> WILLIAM TAKABA <br /> Director of Finance <br /> -6- <br />