Hawaii State Treasury Audit Finds $16.1 Billion in Funds Accounted For
The Hawaii Department of Accounting and General Services (DAGS) on November 14 released its annual audit of the state treasury in Honolulu, finding that the money and securities held in the treasury reconcile with the state comptroller's records and bank deposit records. State law requires the department to audit the treasury once each fiscal year.
As of June 30, 2026, the end of the fiscal year, the state treasury balance stood at just over $16.1 billion, with most assets held in securities totaling more than $14.5 billion. State law bars depositing more than 60 percent of state funds with a single bank unless that bank offers a higher interest rate than others. The treasury is housed in the Financial Administration Division of the Department of Budget and Finance, which concurred with the audit findings.
Acting Lieutenant Governor Keith Regan, who also serves as DAGS director and state comptroller, said the yearly audit provides critical oversight to ensure public funds are managed lawfully, transparently and effectively, and that clean audits build confidence among taxpayers and legislative bodies. Audit Division Administrator Ron Shiigi added that a transparent audit can also improve the state's creditworthiness. The full report is posted on the DAGS website.
(Source: Hawaii Department of Accounting and General Services)
Source: Hawaii Department of Accounting and General Services
Published by GSM · USA (original Chinese edition)
Photo: 图：2023-04-19, Iolani Palace, Honolulu, Hawaii, 02，作者 Steven Pavlov，Wikimedia Commons，CC BY-SA 4.0；Photo: 2023-04-19, Iolani Palace, Honolulu, Hawaii, 02, by Steven Pavlov, via Wikimedia Commons, CC BY-SA 4.0
