The issue of the FMO Newsletter includes information about the following:
The Financial Management Office Newsletter is distributed monthly. Should you have any questions about this newsletter, contact Amy Kunz via email: amykunz@hawaii.edu
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Quarterly Interest Rate for Late Vendor Payments
Target Audience: Fiscal Administrators
Pursuant to Section 103-10 of the Hawai`i Revised Statutes, the interest rate for obligations related to goods delivered or services performed remaining unpaid after 30 days is equal to the prime rate for each calendar quarter plus two percent. The interest rate is adjusted quarterly using the prime rate as posted in the Wall Street Journal on the first business day of the month preceding the calendar quarter. Please refer for the 4th quarter interest rate and calculation.
Should there be any questions, please call the Disbursing Office at (808) 956-5535.
eKFS Updates
Target Audience: All Users
We are less than one month away from the eKFS conversion and the upgraded system turned over for users on October 12. Darrell Ah Yong - eKFS Project Manager - will be sending update emails throughout September to keep users informed and highlight key dates and actions required leading up to and during the transition to eKFS.
Please pay special attention to the , latest communication updates (via email or on the eKFS Communications page), and user guides and other resources may be found on the FSO Training page.