Department of Education State of Hawaii

Department of Education State of Hawaii

Financial and Compliance Audit June 30, 2021

Submitted by The Auditor

State of Hawaii

Department of Education State of Hawaii

Index June 30, 2021

Page(s) PART I ? FINANCIAL STATEMENTS Report of Independent Auditors Management's Discussion and Analysis (Unaudited) ............................................................................. 4?9 Financial Statements Statement of Net Position ? Governmental Activities................................................................................ 10 Statement of Activities ? Governmental Activities ..................................................................................... 11 Balance Sheet ? Governmental Funds ........................................................................................................ 12 Reconciliation of the Governmental Funds Balance Sheet to the Statement of Net Position ................... 13 Statement of Revenues, Expenditures, and Changes in Fund Balances ? Governmental Funds ............... 14 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities ................................................................... 15 Statement of Revenues and Expenditures ? Budget and Actual (Non-GAAP Budgetary Basis) ? General Fund............................................................................................. 16 Statement of Revenues and Expenditures ? Budget and Actual (Non-GAAP Budgetary Basis) ? Federal Fund ............................................................................................. 17 Notes to Financial Statements .............................................................................................................. 18?39 Supplementary Information Schedule of Expenditures of Federal Awards ....................................................................................... 40?41 Notes to Schedule of Expenditures of Federal Awards .............................................................................. 42

Department of Education State of Hawaii

Index June 30, 2021

PART II ? COMPLIANCE AND INTERNAL CONTROL

Report of Independent Auditors on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards

Report of Independent Auditors on Compliance for Each Major Federal Program and on Internal Control Over Compliance Required by the Uniform Guidance

Schedule of Findings and Questioned Costs ......................................................................................... 48?51

Summary Schedule of Prior Audit Findings

Corrective Action Plan

PART I Financial Statements

Report of Independent Auditors

The Auditor State of Hawaii

Board of Education Department of Education State of Hawaii

Report on the Financial Statements We have audited the accompanying financial statements of the governmental activities, each major fund, and the aggregate remaining fund information of the Department of Education, State of Hawaii (the "Department"), as of and for the year ended June 30, 2021 and the related notes to the financial statements, which collectively comprise the Department's basic financial statements as listed in the index.

Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditors' Responsibility Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of certain public charter schools, which represent 7% of the total assets and 6% of the total fund balances as of June 30, 2021, and 4% of total revenues for the year ended June 30, 2021, of the Department's governmental funds. Those statements were audited by other auditors, whose reports have been furnished to us, and our opinions, insofar as they relate to the amounts included for the public charter schools, are based solely on the reports of the other auditors. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial

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