Department of Education State of Hawaii

Department of Education State of Hawaii

Financial Statements and Single Audit Reports (With Independent Auditors' Reports Thereon) June 30, 2018

Submitted by

THE AUDITOR

STATE OF HAWAII

DEPARTMENT OF EDUCATION STATE OF HAWAII

Financial Statements and Single Audit Reports June 30, 2018

Table of Contents

PART I ? INTRODUCTION SECTION Audit Objectives Scope of Audit Organization of Report

PART II ? FINANCIAL SECTION Independent Auditors' Report Management's Discussion and Analysis Financial Statements: Government-wide Financial Statements: Statement of Net Position Statement of Activities Fund Financial Statements: Balance Sheet ? Governmental Funds Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position Statement of Revenues, Expenditures, and Changes in Fund Balances ? Governmental Funds Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to Statement of Activities Statement of Revenues and Expenditures ? Budget and Actual (Non-GAAP Budgetary Basis) ? General Fund

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DEPARTMENT OF EDUCATION STATE OF HAWAII

Financial Statements and Single Audit Reports

June 30, 2018

Table of Contents

Statement of Revenues and Expenditures ? Budget and Actual (Non-GAAP Budgetary Basis) ? Federal Fund

Statement of Fiduciary Net Position ? Agency Funds Notes to Financial Statements Supplementary Information: Schedule of Expenditures of Federal Awards Notes to the Schedule of Expenditures of Federal Awards

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44 47

PART III ? INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE

Independent Auditors' Report on Internal Control over Financial Reporting and on

Compliance and Other Matters Based on an Audit of Financial Statements

Performed in Accordance with Government Auditing Standards

48

PART IV ? COMPLIANCE AND INTERNAL CONTROL OVER FEDERAL AWARDS

Independent Auditors' Report on Compliance for Each Major Federal Program and Report

on Internal Control over Compliance Required by the Uniform Guidance

50

Schedule of Findings and Questioned Costs

53

PART V ? CORRECTIVE ACTION PLAN

Response of the Department of Education

60

PART VI ? SUMMARY SCHEDULE OF PRIOR AUDIT FINDING

Status Report

67

PART I INTRODUCTION SECTION

March 25, 2019

The Auditor State of Hawaii

Board of Education Department of Education State of Hawaii:

We have completed our audit of the financial statements of the Department of Education, State of Hawaii (the Department), as of and for the fiscal year ended June 30, 2018. We have also audited the Department's compliance with the requirements applicable to its major federal programs for the fiscal year ended June 30, 2018. We transmit herewith our reports pertaining to our audit of the Department's financial statements and its major federal programs.

Audit Objectives

The objectives of the audit were as follows:

1. To provide opinions on the fair presentation of the Department's financial statements and the schedule of expenditures of federal awards in accordance with accounting principles generally accepted in the United States of America.

2. To consider the Department's internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinions on the financial statements.

3. To perform tests of the Department's compliance with certain provisions of laws, regulations, contracts, and grant agreements, non-compliance with which could have a direct and material effect on the determination of financial statement amounts.

4. To consider the Department's internal control over compliance with requirements that could have a direct and material effect on each of its major federal programs in order to determine our auditing procedures for the purpose of expressing our opinion on compliance, and to test and report on internal control over compliance.

5. To provide an opinion on the Department's compliance with applicable laws, regulations, contracts, and grants that could have a direct and material effect on each of its major federal programs.

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