23-02, Review of Special Funds, Revolving Funds, Trust Funds, and Trust Accounts of the Department of Public SafetyPosted on Jan 18, 2023 in Summary
Three Special Funds and two trust accounts did not meet criteria
OUR REVIEW of five special funds, three revolving funds, five trust funds, and four trust accounts of the Department of Public Safety (PSD) found three special funds and two trust accounts did not meet criteria and should be closed or reclassified.
Section 23-12, Hawai‘i Revised Statutes (HRS), requires the Auditor to review all existing special, revolving, and trust funds every five years. Reviews are scheduled so that each department’s funds are reviewed once every five years. Although not mandated by statute, we included trust accounts as part of our review. This is our sixth review of PSD’s revolving funds, trust funds, and trust accounts. It is our second review of the special funds held by PSD since Act 130, Session Laws of Hawaiʻi 2013, amended Section 23-12, HRS, to require review of special funds along with revolving funds and trust funds.
We used criteria developedby the Legislature and by our office based on public finance and accounting literature. For each fund, we present a five-year financial summary, the purpose of the fund, and conclusions about its use. We did not audit the financial data, which is provided for informational purposes. We do not present conclusions about the effectiveness of programs or their management, or whether the programs should be continued.
Additionally, PSD offered additional comments regarding a transfer between the Correctional Industries Revolving Fund and the Federal Reimbursement Maximization Special Fund. We responded to PSD’s comments and have included the department’s written comments to the draft report in its entirety.