HomeMy WebLinkAboutCOM 0882.002 2014-2016SUOMmer) 5Y: DEANNA S. SAKA, PrNANcr, Pr)?o p—
COMM. 692-
County
&2
County of Hawaii
Audit Results For the Fiscal Year
Ended June 30, 2015
Hawaii County Council Presentation
N&K CPAs, Inc.
ACCOUNTANTS I CONSULTANTS
May 16, 2016
Comm. No.
Ref.
?.f. Uote zais
AGENDA
• Summary of Auditor's Results
Comprehensive Annual Financial Report
Single Audit Report
Identification of Major Federal Programs
• Required Communication with Those Charged with Governance
• Questions and Comments
SUMMARY OF AUDITOR'S RESULTS
Type of opinion
Internal controls over financial reporting:
Material weaknesses identified
Significant deficiencies identified
Unmodified
None
2 identified
Noncompliance material to the financial statements noted None
SUMMARY OF AUDITOR'S RESULTS (CONTINUED)
Single Audit Report
Type of opinion on compliance for major federal programs Unmodified
Internal controls over major federal programs:
Material weaknesses identified
Significant deficiencies identified
None
None reported
Any audit findings disclosed that are required to be
reported in accordance with OMB Circular A-1 33 None
SUMMARY OF AUDITOR'S RESULTS (CONTINUED)
CFDA Number
14.228
14.871
20.205
97.036
Name of Malor Federal Program
Community Development Block Grants
Section 8 Housing Choice Vouchers
Highway Planning and Construction
Disaster Grants — Public Assistance
7
REQUIRED COMMUNICATION WITH THOSE
CHARGED WITH GOVERNANCE
MITI,
Significant Accounting
Policies:
Adoption of the provisions of GASB No.68,
Accounting and Financial Reporting for
Pensions- an Amendment of GASB
Statement No. 27, and GASB Statement
No. 71, Pension Transition for
Contributions Made Subsequent to the
Measurement Date, an Amendment of
GASB Statement No. 68
REQUIRED COMMUNICATION WITH THOSE
CHARGED WITH GOVERNANCE (CONTINUED)
Significant Accounting Significant estimates affecting the financial
Estimates: statements include:
• Estimate of the useful lives of capital
assets used to compute depreciation
expense
• Liability for postretirement benefits other
than pensions
• Estimate of the net pension liability
• Estimate of the loss reserves for
worker's compensation
• Landfill closure and postclosure costs
liability
REQUIRED COMMUNICATION WITH THOSE
CHARGED WITH GOVERNANCE (CONTINUED)
Corrected and Uncorrected
Misstatements:
County of Hawaii: There were no
misstatements detected that were
considered material, individually or in the
aggregate, to the financial statements
DWS: There were no misstatements
detected that were considered material,
individually or in the aggregate, to the
financial statements
8
REQUIRED COMMUNICATION WITH THOSE
CHARGED WITH GOVERNANCE (CONTINUED)
Difficulties Encountered in We encountered no significant difficulties in
Performing the Audit: dealing with management, including any
disagreements, in performing and
completing our audit
Management Consultation with To our knowledge, there were no such
Other Accountants: consultations with other accountants
Questions & Comments
M