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HomeMy WebLinkAboutCOM 0496.003 2006-2008 CASEY JARMAN ~f~tr os p KENNETH G. GOODENOW County Clerk v;••~;;,''~ Deputy county clerk a lad COLLEENSCHR,9NDT Legislative Auditor Mailin Address: g ~ •ri oF•N~+~~ Business Address: (Former County Building 333 Kilauea Avenue, Second Floor 25 Aupuni Street Ben Franklin Building Hilo, Hawaii 96720 Hilo, Hawaii 96720 County of Hawai `i Offzce of the County Clerk Telephone (808) 96/-8255 Facsimile: (808) 961-8912 - ~.i Date: October 4, 2007 To: Pete Hoffmann, Chairperson And Members of the County Council From: Colleen Schrandt~ _ Legislative Auditor Enclosed for your review is a letter from KPMG LLC (KPMG) requesting an increase of $17,000 to Contract No. 000756 (Conduct Audits of the Accounts and Financial Transactions of the County of Hawaii) to address a change in scope of services pertaining to the single audit of the County's federal financial assistance programs for fiscal year ended June 30, 2007. In order to comply with the requirements set forth by the Office of Management and Budget Circular A-133, three federal financial assistance programs of the County, rather than the previously anticipated two, will need to be audited. KPMG has indicated that the expanded scope will require 118 hours in addition to the 362 hours originally estimated. The cost related to this expansion of scope is reelected below: Proposed Single Audit Fees for FY June 30, 2007 $66,500.00 Additional Cost: 17,000.00 New Single Audit Fees for FY June 30, 2007 $83,500.00 We will be transferring the funds from Account Number 010.101.5101.02.115 -Audits to Account Number 010.101.5101.15.115 -External Audit. We will also be requesting that the Purchasing Department draft a Supplemental Agreement to include the expanded scope and additional cost. Should you have any questions, please contact me or Lane Shibata, Audit Analyst. Att. yq ~.3 Comm. No. Ref. To: L Ref. Date ^ OT 0 4 2007 Serving [he !n[eres[s of the Peap[e of Our Island Hawaii County is an Equa[ Opportunity Provider and Employer KPMG LLP Telephone 808 531 7286 PO Box 4150 Fax 808 541 9321 Honolulu, HI 96812-4150 Internet www.us.kpmg.com September 25, 2007 Ms. Colleen Schrandt Legislative Auditor County of Hawaii Hawaii County Building 25 Aupuni Street Hilo, Hawaii 96720 Dear Ms. Schrandt: This letter serves to inform you of a significant change in the scope of our professional services pertaining to the single audit of the County of Hawaii's federal financial assistance programs as of and for the fiscal year ended June 30, 2007. The increase in scope is due to the unanticipated increase in the number of major federal financial assistance programs required to be audited as specified by OMB Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. When planning our audit and at the time we executed the contract, we anticipated that the number of federal financial assistance programs required to be audited would be consistent with prior years. Two federal financial assistance programs were audited in both of the fiscal years ended June 30, 2005 and 2004. Eight federal financial assistance programs were audited in the fiscal year ended June 30, 2006, for which we obtained additional professional Fees. However, for the fiscal year ended June 30, 2007, there are three federal financial assistance programs that are required to be audited. The determination of how many and which federal financial assistance programs are based solely on the criteria set forth by OMB Circular A-133. Please see the attachment for a list of the three federal financial assistance programs [hat are required to be audited and the hours expected to be incurred for each program. The following is an estimate of the total additional hours expected to be incurred by KPMG directly attributable to this increase in scope: Partner 8 Manager 20 Senior/Staff 90 Total 118 KPMG LLP, a U S limrtetl habihty partnership, is the U S. member hrtn of KPM6 Intamationel, a Swias cooperelrve- Page 2 Ms. Colleen Schrandt County of Hawaii September 25, 2007 Based on previously agreed-upon hourly rates and our estimate of additional hours and out-of- pocket costs attributable to the increased scope of work, we estimate the additional professional fees to be $17,000 for the fiscal year ended June 30, 2007, as follows: Partner $ 2,280 ($285 per hour) Manager 3,700 ($185 per hour) Senior/Staff 9,900 ($110 per hour) 15,880 Out-of-pocket costs 1,700 Subtotal 17,580 Hawaii general excise tax 732 18,312 Less discount ~ (1,312) Total 1 0 We are requesting your approval for additional professional fees due to the increased scope of our work as previously described in this letter. Should you have any questions, we would be pleased to discuss this letter with you at any time. Very truly yours, KPMG~LLSP, Ralph T/. Kanetoku Partner Attachment County of Hawaii A-133 Single Audit Federal Financial Assistance Programs to be Audited for the Fiscal Year Ended June 30, 2007: Anticipated Hours Program CFDA # Partner Manager Staff Tota] Section 8 -Housing Choice Vouchers 14.871 8 12 85 105 Department of Homeland Security -Various 16.007, 97.004 I I 23 105 139 97.067 Capitalization Grants for Drinking Water State Revolving Funds 66.468 8 20 90 118 Total anticipated hours 27 55 280 362 Less: Anticipated hours in executed contract 19 (35) 190 244 Additional hours 8 20 90 118