DOT Administration - June 30 2005 Financial and Compliance Audit 2

FINANCIAL AND COMPLIANCE AUDIT OF THE STATE OF HAWAII DEPARTMENT OF TRANSPORTATION - ADMINISTRATION DIVISION FOR THE YEAR ENDED JUNE 30, 2005 Submitted by The Auditor State of Hawaii January 27, 2006 The Auditor State of Hawaii Herein we submit our report on the financial statements of the State of Hawaii, Department of Transportation - Administration Division (Division) as of and for the year ended June 30, 2005. The audit was performed in accordance with our agreement with the Auditor - State of Hawaii dated June 8, 2004 and with the requirements of the U. S. Office of Management and Budget (OMB) Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations. Objectives of the Audit The primary purpose of our audit was to form an opinion on the fairness of the presentation of the Division’s financial statements as of and for the year ended June 30, 2005, in accordance with the requirements of OMB Circular A-133. More specifically, the objectives of the audit were as follows: 1. To provide a basis for an opinion on the fairness of the financial statements of the Division. 2. To determine whether expenditures and other disbursements have been made and all revenues and other receipts to which the Division is entitled have been collected and accounted for in accordance with the laws, rules ...