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OHA board hears accounting review after $6M public‑land trust drawdown error; $5.42M repaid, $576,609 remains
Summary
Trustees were briefed on an erroneous July 2023 journal voucher and subsequent drawdowns that overstated a state account; administration says $5,420,000 was repaid and about $576,609 remains payable. Trustees pressed for stronger internal controls, legal interpretations and mandatory board visibility for nonroutine trust drawdowns.
The Office of Hawaiian Affairs board received a public briefing Dec. 18 on an accounting error tied to the public land trust that led to a multimillion‑dollar overstatement and subsequent drawdowns.
Administration officials said a July 2023 journal voucher of $16,125,000 was processed and not reversed as directed by the Department of Accounting and General Services; that unreversed entry produced an overstated state account balance that later supported drawdowns in June–July 2024. Once the error was identified, the administration reported that $5,420,000 has been repaid to the state and that approximately $576,609 remains…
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