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HomeMy WebLinkAboutREP FC 054 2023/05/16 2022-2024 REPORT OFT E COMMITTEE ON FINANCE DATE: May 16, 2023 Re: Comm. No. 292/Res.No. 177-23 PLACE: Council Chambers Hilo, Hawai`i TIME: 6:10 p.m. Council Chair and Members Hawaii County Council Hilo,Hawaii 96720 Your Committee on Finance,to which was referred Resolution No. 177-23, reports as follows: Resolution No. 177-23, transmitted by Finance Director Deanna Sako, via Communication No. 292 dated April 28, 2023, authorizes the Mayor to enter into a multi-year agreement with the Office the Auditor, State of Hawaii. This resolution authorizes the Mayor to enter into a three-year agreement which would allow the County to request an audit of the schedule of changes in fiduciary net positions by employer including related notes to the schedule of the Hawaii Employer-Union Health Benefits Trust Fund and report on census data to meet the reporting requirements under the Governmental Accounting Standards board. Finance Director Deanna Sako provided some background. Committee Member Jenn Kagiwada expressed that she would like the Auditor's Office to be mindful of their use of plastics, as the report received by the committee had a plastic cover. Pursuant to Section 46-7, Hawaii Revised Statutes,the Mayor of the County of Hawaii is authorized to execute, on behalf of the County,this and all future agreements and related documents with the Office of the Auditor, State of Hawaii. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 177-23, and recommends its adoption. 1kh AYES NOES ABS EX Respectfully submitted, EVANS X GALIMBA X COMMITTEE ON FINANCE INABA X KAGIWADA X -� KANEALI`I-KLEINFELDER X KIERKIEWICZ X MATT KANI`I- EINFELDER, KIMBALL X CHAIR LEE LOY X FC REPORT NO.: 54 VILLEGAS X ADOPTED: JUN 0 7 2023