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File #: CC 16-124    Version:
Type: County Communication Status: Referred to BF
File created: 6/20/2016 In control: 16 Budget and Finance Committee
On agenda: 7/14/2016 Final action: 7/1/2016
Title: INTERGOVERNMENTAL AGREEMENT WITH THE EMPLOYEES' RETIREMENT SYSTEM OF THE STATE OF HAWAII RELATING TO THE ACQUISITION OF A GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT 68 REPORT (BF-74)
Attachments: 1. County Communication 16-124.pdf, 2. Revised bill on GASB 68 Report from Corp Counsel.pdf, 3. Correspondence to Corporation Counsel 07-12-2016.pdf

Title

INTERGOVERNMENTAL AGREEMENT WITH THE EMPLOYEES’ RETIREMENT SYSTEM OF THE STATE OF HAWAII RELATING TO THE ACQUISITION OF A GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT 68 REPORT (BF-74)

 

Description

The Committee is in receipt of County Communication 16-124, from the Director of Finance, transmitting a proposed bill entitled “A BILL FOR AN ORDINANCE AUTHORIZING THE MAYOR OF THE COUNTY OF MAUI TO ENTER INTO AN INTERGOVERNMENTAL AGREEMENT WITH THE EMPLOYEES’ RETIREMENT SYSTEM OF THE STATE OF HAWAII RELATING TO THE ACQUISITION OF A GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 68 REPORT.”  The purpose of the proposed bill is to authorize the Mayor to enter into an intergovernmental agreement with the Employees’ Retirement System, State of Hawaii, to obtain a Governmental Accounting Standards Board Statement 68 Report, “Accounting and Financial Reporting for Pensions,” for the Fiscal Year ended June 30, 2016.  The Memorandum of Understanding authorizes the payment of $1,500 as the County’s share for the report.

 

Status

The Committee may consider whether to recommend passage of the proposed bill on first reading, with or without revisions.  The Committee may also consider the filing of County Communication 16-124 and other related action.