Hawaii SB494 mandates a financial audit of the state's charter school system and appropriates funds for the audit.

Hawaii SB494 requires the Department of Budget and Finance, in collaboration with the auditor, to conduct a financial audit of the state's charter school system. The audit includes a list of financial expenditures for the past three years, financial information concerning faculty, and the school's cash on hand balance. The department must submit a report of its findings and recommendations. The bill also appropriates $250,000 for fiscal years 2025-2026 and 2026-2027 to cover the audit costs. This Act takes effect on July 1, 2025.

Hawaii SB494 mandates a financial audit of the state's charter school system and appropriates funds for the audit.

Hawaii SB494 requires the Department of Budget and Finance, in collaboration with the auditor, to conduct a financial audit of the state's charter school system. The audit includes a list of financial expenditures for the past three years, financial information concerning faculty, and the school's cash on hand balance. The department must submit a report of its findings and recommendations. The bill also appropriates $250,000 for fiscal years 2025-2026 and 2026-2027 to cover the audit costs. This Act takes effect on July 1, 2025.