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HomeMy WebLinkAboutCOM 0799.000 2008-2010Colleen NI. Schrandt Legislative aud tlor ,llud ung : I ddress /fort ai a County Building 25 : upon, Street lldo, llairai'i 96720 Date: April 22, 2010 Att. i i nnnfu Qf paflxai'i OFFICE OF THE LEGISLATIVE AUDITOR Telephone. (808) 961 -8386 Facsinule (808) 961 -8905 To: J Yoshimoto, Chairman And Members of the County Council From: Colleen Schrandt Legislative Auditor Should you have any questions, please contact Colleen Schrandt, Legislative Auditor. Serving the Interests of the People of Our Island Haim; County is an Equal Opportunity Provider and /implorer Business .I ddresa 1266 Aame home lui .! v /runu'ork.■ Building, Room 4-1 Ildo, Hawaii 96721 Enclosed for your information and review is a letter from KPMG LLC requesting an increase of $35,000.00 to Contract No. 000756 (to conduct audits of the accounts and financial transactions of the County of Hawai'i), as there has been a significant change in the scope of their services pertaining to the single audit of the County's federal financial assistance programs for fiscal year ended June 30, 2009. In order to receive federal funds, the County is required to undergo a single audit. The Office of Management and Budget (OMB) Circular A -133 establishes specific requirements and thresholds for the single audit and the number of major programs required to be included in the single audit changes each year based upon the amount of federal funds received during that year. For the Fiscal Year 2008 -2009, this resulted in five major federal assistance programs being audited to meet the single audit requirement. However, KPMG's original contract fees included only two programs for the fiscal year ended June 30, 2009. KPMG has communicated that the addition of three major programs will require an additional 222 hours (approximate) over the original 414 hours as submitted in their initial proposal to complete the single audit. The additional cost breakdown is attached for your review. We are requesting the Department of Finance to certify $35,000.00 from the Legislative Auditor's Miscellaneous Contract Services, Audits, Studies, Services, Account No. 010.108.5108.02.115, as sufficient funds were budgeted to cover the additional contract cost. Conpi. No. 7 q Ref. To: Ref, APR 22 2010 March 17, 2010 PRIVATE & CONFIDENTIAL Ms. Colleen Schrandt Legislative Auditor County of Hawaii 1266 Kamehameha Avenue, Suite 1 A Hilo, Hawaii 96720 Dear Ms. Schrandt: KPMG LLP Telephone 808 540 2800 PO Box 4150 Fax 808 356 1522 Honolulu, HI 96 81 2 -41 50 Internet wwwus.kpmg.com 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 ending June 30, 2009. 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. For the fiscal years ended June 30, 2008, 2007, and 2006, three, three, and eight federal financial assistance programs were audited, respectively. Additional fees were obtained in each of these three fiscal years. For the fiscal year ended June 30, 2009, there are five 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 five federal financial assistance programs that are required to be audited and the hours expected to be incurred for each program. KPMG LLP, a U S limited liability partnership, is the U S member firm of KPMG International, a Swiss cooperative Page 2 Ms. Colleen Schrandt County of Hawaii March 17, 2010 The following is an estimate of the total additional hours expected to be incurred by KPMG directly attributable to this increase in scope: Partner 20 Manager 26 Senior /Staff 176 Total 222 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 $35,000 the fiscal year ended June 30, 2009, as follows: Partner $ 6,000 ($300 per hour) Manager 5,070 ($195 per hour) Senior /Staff 21,120 ($120 per hour) 32,190 Out -of- pocket costs 5,000 Subtotal 37,190 Hawaii general excise tax 1,549 38,739 Less discount (3 739) Total 35 1100 Page 3 Ms. Colleen Schrandt County of Hawaii March 17, 2010 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 LLP Nancy C. Rose Partner ACCEPTED: County of Hawaii By Its Date County of Hawaii A -133 Single Audit Federal Financial Assistance Programs to be Audited for the Fiscal Year Ended June 30, 2009 Anticipated Hours Program . CFDA # i Partner . Manager I: Staff Total Community Development Block Grant /State's Program and Non - Entitlement Grants in Hawaii !HOME Investment Partnerships Program — — _ :Section 8 - Housing ChoiceVouchers Highways Planning and Construction Disaster Grants - Public Assistance Total anticipated hours Less: Anticipated hours in executed contract, excluding 50 hours for reporting and administrative tasks Additional -hours Attachment 14.228 14.239 14.871 181! 130 15 j 100 l . 2 . 85 120 i! 44 . 77i 515 160 105 100 148 636 - (24) . (51)1 . (339):' (41461 20 i ` 26 3 176 222