2021 Hawaii Revised Statutes
Title 5. State Financial Administration
40. Audit and Accounting
40-7 Count of money and securities in treasury.
§40-7 Count of money and securities in treasury. The comptroller with the aid of the staff of the director of taxation and the director of finance shall count the money and securities in the state treasury once in each fiscal year, or such other times as the comptroller may deem necessary, provided that the scope of the examination shall be determined by the comptroller who shall use such auditing procedures as the comptroller deems necessary.
The comptroller shall prepare, in triplicate, statements showing:
(1) The amount of money actually in the treasury reconciled with the amount of money as shown by the comptroller's record.
(2) The amount of securities owned by the State in the treasury reconciled with the amount of securities as shown by the comptroller's records.
(3) The amount of the depository securities actually in the treasury as compared with the amount of cash deposited in the respective banks (depositories) provided that the sufficiency of these deposits shall not be made a part of the examination. [L 1927, c 219, pt of §16; RL 1935, §597; am L 1941, c 86, §1; RL 1945, §1601; RL 1955, §34-51; am L 1957, c 152, §1; am L 1959, c 145, §2; am L Sp 1959 2d, c 1, § §14, 16; am L 1963, c 114, §1; HRS §40-7; gen ch 1985]
Case Notes
Cited: 36 H. 369, 380.
