PKF Pacific Hawaii LLP conducted an independent audit for the Honolulu Rail Project up until June 2013. According to officials with the firm, all of the money was accounted for, but the rail finance officials had failed to properly record $83.8 million in federal funding. Chief Financial Officer for the Honolulu Authority for Rapid Transportation, Diane Arakaki, confirmed that the money was not missing, but rather there was simply a "recording error". Arakaki stated that a full-time federal grants manager will be hired by HART to make sure that issue would not happen again.
Source: Honolulu Star Advertiser, 11-25-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
