Hawaii SB2163 mandates standardized annual financial audits for public charter schools, requiring public disclosure and review by the board.

Hawaii SB2163 aims to enhance fiscal accountability for public charter schools by standardizing annual independent financial audits. Each charter school must complete an audit within 120 days of the fiscal year's end and submit it to the authorizer. The board, authorizer, and auditor review these audits, with the auditor also having the authority to conduct additional audits if a school is at high risk for financial insolvency. The bill requires the auditor to submit a report to the legislature, which the state public charter school commission must act on within a year.

Hawaii SB2163 mandates standardized annual financial audits for public charter schools, requiring public disclosure and review by the board.

Hawaii SB2163 aims to enhance fiscal accountability for public charter schools by standardizing annual independent financial audits. Each charter school must complete an audit within 120 days of the fiscal year's end and submit it to the authorizer. The board, authorizer, and auditor review these audits, with the auditor also having the authority to conduct additional audits if a school is at high risk for financial insolvency. The bill requires the auditor to submit a report to the legislature, which the state public charter school commission must act on within a year.