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HomeMy WebLinkAboutREP FC 120 2023/12/19 2022-2024REPORT OF THE COMMITTEE ON FINANCE DATE: December 19, 2023 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 1:18 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Re: Comm. No. 640/Res. No. 383-23 Your Committee on Finance, to which was referred Resolution No. 383-23, reports as follows: Resolution No. 383-23, transmitted by Finance Director Deanna S. Sako, via Communication No. 640 dated December 1, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year agreement for an independent auditor(s). This resolution authorizes the Chair of the County Council to enter into a five-year agreement with an independent auditor, to be determined by the Request for Proposal process, to provide an annual audit of accounts and other financial transactions of the County. Committee Member Holeka Goro Inaba asked Auditor Tyler Benner to provide some background on this measure. Mr. Inaba asked Mr. Benner for clarification on the service term of the independent auditor. The resolution states that the service term would cover fiscal years ending June 30, 2023 through June 30, 2027. However, Mr. Inaba deduced that this measure requests the independent auditor to perform the required annual audit services for fiscal years ending June 30, 2024 through June 30, 2028, which Mr. Benner confirmed. Mr. Inaba requested that this be amended in the resolution. Committee Member Matt Kaneali`i-Kleinfelder thanked Mr. Benner and acknowledged his work. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 383-23, and recommends its adoption. Im Respectfully submitted, COMMITTEE ON MATT KANA LI I - CHAIR CE FC REPORT NO.: 120 ADOPTED: JAN 1 0 2024 AYES NOES ABS EX EVANS X GALIMBA X INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL X LEE LOY X VILLEGAS X Respectfully submitted, COMMITTEE ON MATT KANA LI I - CHAIR CE FC REPORT NO.: 120 ADOPTED: JAN 1 0 2024