HomeMy WebLinkAboutCOM 0799.000 2002-2004
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JAMES Y. ARAKAKI,~~ Phone: (808) 961-8272
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Chairman RPre.cidinR uffirer FAX: (808) 961-8912
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COUNTY COUNCIL
Coun[y of Huwni'i
11amrat i County Ua(ldin,K -
15 zhq mvl Street
1111o, /hm,71796730
To: Council Members
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From: James Y. Arakaki `
Council Chair s
Date: October 4, 2004
Enclosed for your review and approval is a resolution to approve an amendment to the County's
External Financial Audit Contract No. 02152 with KPMG LLP. The amendment is needed
because of a change to the Department of Housing and Urban Development's rules regarding
Section 8 housing. The regulations require that the financial information submitted to HUD
under Section 8 must be submitted electronically and prepared in accordance with generally
accepted principles. Therefore, our auditor's, KPMG, must perform the attestation by comparing
hard copy audit report to the electronic information following audit procedures and principles.
The expanded scope will require an additional 97 hours (approximate) to complete the attestation
services for the Financial Assessment Electronic Submission to the U.S. Department of Housing
and Urban Development Real Estate Assessment Center.
The additional estimated cost to the contract would be $12,500 for each of the fiscal years ended
June 30, 2004 and 2005, and will be paid by the Office of Housing and Community
Development. The effect of the additional cost is reflected below:
Fiscal Year: June 30, 2004 June 30, 2005
Contract Fees for Services: $138,000 $140,000
Additional Cost: 12,500 12,500
New Contract Fees for Services: $150,500 $152,500
Should you have any questions, please contact Constance Kirin, Legislative Auditor.
Att.
~12w- 45r-Oy 7
Comm. No. • _
Ref. To: U
Ref. Date _OCT 6
MiV Ds M1
AARON S.Y. CHUNGPhone: (808) 961-8396
Counulniemher Fax: (808) 961-8912
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FIAWAI'7 COUNTY COUNCIL
County u/ Hawaii
11awa1'1 Col"14, Building
25 Aupunl S'lreei Suilr 209
lulu, lluwui'i 9h720
James Y. Arakaki, Chair October 4, 2004
Hawaii County Council
25 Aupuni Street
Hilo, Hawaii 96720
Re: Resolution No. 251-04 relating to an amendment to the scope of work for the
County's External Financial Audit Contract No. 02152 with KPMG LLP.
Pursuant to Section 1(g) of Rule 4 of the Rules of Procedure of the Council of the County
of Hawaii, this written request is submitted with my approval that the above referenced
matter be waived from the Committee on Finance to the full council for immediate
action. In reviewing this matter, timely approval is crucial. It is therefore advantageous
that approval is granted and the matter placed onto the next Council agenda for review.
However, in the event this request is denied, for whatever reason, I understand the matter
shall be referred to the Committee on Finance for placement on its future agenda.
Sincerely,
Aaron S.Y. Chung, Cha*
Committee on Finance
Approved/Date/Waived to Council Disapproved/Date/Referred to Finance
Committee
Jame rak it James Y. Arakaki, Chair
o Council Hawaii County Council