State audit criticizes UH special, revolving funds - Hawaii News Now - KGMB and KHNL

State audit criticizes UH special, revolving funds

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HONOLULU (AP) - A state audit says more than a quarter of the special or revolving funds at the University Hawaii are not being operated as intended.

The review by the Hawaii Office of the Auditor says the accounts do not meet legislative criteria and should be repealed or reclassified.

The Honolulu Star-Advertiser reports the audit released Tuesday reviewed 65 special funds with year-end balances of at least $266 million in the past five years.

The audit says 17 of the funds don't serve their original purpose or are not financially self-sustaining.

Acting Auditor Jan Yamane says the report didn't assess the effectiveness of programs the funds support but reviewed each to determine whether the program could be operated with general fund appropriations.

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