2017-02 Performance Audit Report: Cash Handling at County of Hawai'i's Department of Water Supply

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All revenues or moneys derived from the waterworks or otherwise appropriated for the board, other than funds derived from the sale of bonds and excepting moneys appropriated by Act 5 of the Special Session Laws of 1950 for the construction of a water system for the districts of North and South Kona, shall be paid into the treasury of the county and maintained by the treasurer in a waterworks fund. The funds shall be expended for the following purposes: (1) For payment of interest and sinking fund on all bonds issued for the acquisition or construction of waterworks and extensions thereto: (2) For the payment of the operating and maintenance expenses of the waterworks, repairs, replacements, additions and extensions; (3) For accident reserve, pension charges and compensation and insurance; (4) For purchase or development of new sources of water; and (5) For a reserve fund. X54-30 Deposit of money in banks. All moneys deposited in the office of the county treasurer belonging to the board of water supply shall be deposited in such manner and upon such provisions and requirements, as provided by chapter 38. The county treasurer and the chairperson of the board shall have the same rights, powers and duties as devolve upon the state, its director of finance and the governor, respectively, with respect to state funds so deposited. All interest received by the county treasurer upon moneys belonging to the board shall be credited to the board. X54-20 Accounts, revenues and expenditures. The board of water supply shall maintain proper accounts in such manner as to show the true and complete financial status and the results of management and operation. The accounts and financial status of the board shall be examined annually by the county auditor who shall report thereon to the board. The board may, whenever necessary in connection with the issuance of any bonds, employ a certified public accountant to make an audit of the accounts and financial status of the board. County of Hawaii, County Charter, Article VIII Department of Water Supply, Section 8-2 Water Board describes the powers of the water board: The water board shall consist of nine members who shall be appointed by the mayor with the approval of the council in the manner prescribed in Section 13-4. One member shall be a resident of each council district. The manager -chief engineer of the department of water supply, the planning director, and the director of public works or their designated representatives shall serve as ex -officio members of the water board without power to vote. The water board shall: DWS Cash Receipts Audit Criteria 125