The URL can be used to link to this page

Home My WebLink About2022-COH - Local Government Financial Test WorksheetCOUNTY OF HAWAII STATE OF HAWAII LOCAL GOVERNMENT FINANCIAL TEST WORKSHEET INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES Fiscal Year Ended June 30, 2022 N&KCPAs, Inc. ACCOUNTANTS/CONSULTANTS 999 BISHOP STREET, SUITE 2200 HONOLULU, HAWAII 96813 T (808) 524-2255 F (808) 523-2090 nkcpa.com N&K CPAs Inc. ACCOUNTANTS / CONSULTANTS 999 BISHOP STREET, SUITE 2200 HONOLULU, HAWAII 96813 T (808) 524-2255 F (808) 523-2090 INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED-UPON PROCEDURES To the Director of Finance County of Hawaii, State of Hawaii We have performed the procedures enumerated below on the accompanying Local Government Financial Test Worksheet (Worksheet) prepared in accordance with the Federal Register (40 CFR Part 258), Criteria For Municipal Solid Waste Landfills of the County of Hawai'i, State of Hawai'i (County) for the fiscal year ended June 30, 2022. The County's management is responsible for the Worksheet. The County has agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose to verify that the computations on the Local Government Financial Test Worksheet were arithmetically correct. This report may not be suitable for any other purpose. The procedures performed may not address all the items of interest to a user of this report and may not meet the needs of all users of this report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. The procedures and associated findings are as follows using the definitions in Attachment 2: 1. With respect to the computation of the excess of revenues over expenditures/expenses, we recomputed the amount for the fiscal year ended June 30, 2022 by deducting total expenditures/expenses, as adjusted, from total revenues. We compared the amounts, which comprise the total revenues and total expenditures/expenses, as adjusted, with the related amounts in the County's Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022 and we found such amounts to be in agreement with the amounts presented in the County's ACFR. 2. We verified that the computations on the Local Government Financial Test Worksheet were arithmetically correct. 2 N&K CPAs, Inc. ACCOUNTANTS / CONSULTANTS 3. We audited the County's ACFR as of and for the fiscal year ended June 30, 2022 to determine whether the County's basic financial statements were prepared in accordance with accounting principles generally accepted in the United States of America and have issued our report thereon dated January 27, 2023. Our independent auditor's report states that, in our opinion, the County's basic financial statements present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, the discretely presented component unit, each major fund, and the aggregate remaining fund information of the County as of June 30, 2022, and the respective changes in the financial position and, where applicable, cash flows thereof and the budgetary comparison for the general fund and general excise tax fund for the fiscal year then ended in conformity with accounting principles generally accepted in the United States of America. We have not performed any additional auditing procedures since the date of the aforementioned auditor's report. We were engaged by the County to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review engagement, the objective of which would be the expression of an opinion or conclusion, respectively, on the Local Government Financial Test Worksheet. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you. We are required to be independent of the County and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement. This report is intended solely for the information and use of management of the County and the U.S. Environmental Protection Agency, and is not intended to be and should not be, used by anyone other than those specified parties. N&K CPAs, Inc. Honolulu, Hawaii August 2, 2023 3 County of Hawaii State of Hawaii LOCAL GOVERNMENT FINANCIAL TEST WORKSHEET Fiscal Year Ended June 30, 2022 Attachment 1 Computation of excess of revenues over expenditures/expenses Revenues Gross revenues Governmental funds $ 669,131 Proprietary funds $ 778 Component unit $ 56,618 Non-operating revenues - interest and other Component unit $ 13,913 Total revenues $740,440 Expenditures/expenses Governmental funds $646,071 Proprietary funds $ 728 Component unit $ 62,625 Less: Debt service (governmental funds) $(55,418) Debt service (proprietary funds) $ (17) Debt service (component unit) $ (1,134) Capital outlays (governmental funds)$(64,270) Total expenditures/expenses, as $588,585 adjusted Excess of revenues over $ 151,855 expenditures/expenses County of Hawaii State of Hawaii LOCAL GOVERNMENT FINANCIAL TEST WORKSHEET - DEFINITIONS Fiscal Year Ended June 30, 2022 Attachment 2 The following terms used in the accompanying Local Government Financial Test Worksheet are defined in the Federal Register (40 CFR Part 258.74), Criteria For Municipal Solid Waste Landfills - Financial Assurance Criteria - Allowable Mechanisms, as follows: A) Total revenues include revenues from all taxes and fees, but does not include the proceeds from borrowings or asset sales, excluding revenue from funds managed by the local government on behalf of a specific third party. B) Total expenditures/expenses include all governmental fund type expenditures and proprietary fund type expenses, excluding capital outlays and debt repayment. C) Debt service is the amount of principal and interest due on loans in a given time period, typically the current year. 5