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AMERICAN SAVINGS BANK TOWER <br />1001 BISHOP STREET, SUITE 1700 <br />HONOLULU, HAWAII 96813-3696 <br /> N&K CPAs, Inc. <br />T (808) 524-2255 F (808) 523-2090 <br /> ACCOUNTANTS | CONSULTANTS <br />March 28, 2016 <br />To the Chair and Members of the County Council <br />County of Hawai‘i <br />We have completed our financial audit of the basic financial statements of the County of <br />Hawai‘i, State of Hawai‘i (the County), as of and for the fiscal year ended June 30, 2015. <br />Our report containing our opinions on those basic financial statements is included in the <br />County’sComprehensive Annual Financial Report. We submit herein our reports on the <br />County’s internal control over financial reporting and compliance, the County’s compliance <br />with requirements that could have a direct and material effect on each of its major federal <br />programs, and our report on the schedule of expenditures of federal awards. <br />OBJECTIVES OF THE AUDIT <br />The primary purpose of our audit was to form opinions on the fairness of the presentation <br />of the County’s basic financial statements as of and for the fiscal year ended June 30, <br />2015, and to comply with the requirements of the Office of Management and Budget <br />(OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, <br />which establishes audit requirements for state and local governments that receive federal <br />financial assistance.More specifically, the objectives of the audit were as follows: <br /> 1. To provide opinions on the fairness of the presentation of the County’s <br />financial statements. <br /> 2. To determine whether expenditures and other disbursements have been <br />made and all revenues and other receipts to which the County is entitled <br />have been collected and accounted for in accordance with the laws, rules and <br />regulations, administrative directives, policies and procedures of the County, <br />the State of Hawai‘i and the federal government (where applicable). <br /> 3. To determine whether the County has established sufficient internal controls <br />to properly manage federal financial assistance programs and to comply with <br />the applicable laws and regulations. <br /> 4. To determine whether the County has complied with the laws and regulations <br />that may have a material effect on the financial statements and on its major <br />federal financial assistance programs. <br />2 <br /> <br />