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COUNTY OF HAWA~`I ~ STATE OF HAWAII <br /> RESOLUTION NO. 251 U4 <br /> A RESOLUTION TO APPROVE AN AMENDMENT TO THE COUNTY'S EXTERNAL <br /> AUDIT CONTRACT NO. 02152 WITH KPMG LLP. <br /> WHERESAS, the County Council adopted Resolution No. 108-01, Draft 3, which <br /> authorized the Council Chairperson to perform all tasks necessazy to enter into a contract for an <br /> external audit as required by Section 10-13 of the Hawaii County Charter for a financial periods <br /> of 2002 through 2005; and <br /> WHEREAS, the County of Hawaii has entered into Contract No. 02152 (Contract) with <br /> KPMG LLP to conduct the annual external audit of the financial records of the County, including <br /> those of the Department of Water Supply, for the fiscal yeazs ended June 30, 2002, through June <br /> 3Q 2005; and <br /> WHEREAS, the Contract No. 02152 provides for amendments to the Contract if the <br /> scope of the work to be done must be extended beyond that covered in the original contract; and <br /> WHEREAS, on September 10, 2004, KPMG LLP informed the County of Hawaii that a <br /> significant change in the scope of services pertaining to the Single Audit of the Section 8 <br /> Housing Choice Vouchers program requires an additional 97 hows (approximate) to complete <br /> the attestation services for the Financial Assessment Electronic Submission to the U.S. <br /> Department of Housing and Urban Development Real Estate Assessment Center (HUD) (see <br /> Exhibit A); and <br /> WHEREAS, HUD's Uniform Financial Reporting standards regulations, codified at 24 <br /> CFR part 5, subpart H, provide that financial information is required to be submitted <br /> electronically and prepazed in accordance with generally accepted accounting principles; and <br /> WHEREAS, the additional cost of the Contract will be $12,500 for each of the fiscal <br /> years ended June 30, 2004 and 2005, which would be paid by the Office of Housing and <br /> Community Development; and <br /> WHEREAS, Section 7(b) of the Contract provides for total fees for services, including <br /> <br /> out-of-pocket expenses, which will increase to $150,500 and $152,500 for the fiscal years ended <br /> <br /> June 30, 2004 and 2005, respectively; and <br /> <br />