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'Lack of policies' blamed for rail accounting error

By Marcel Honoré

POSTED: 01:30 a.m. HST, Nov 25, 2013

~~<p>A recent independent audit done for Hono&shy;lulu's rail transit project found its finances to be in order with one exception: Rail finance officials failed to properly record $83.8 million in federal funds received for the project.</p>
<p>PKF Pacific Hawaii LLP completed the analysis of the project's finances through June 30. Officials with the Hono&shy;lulu-based firm presented their report to the Hono&shy;lulu Authority for Rapid Transportation board during its general meeting Thursday.</p>
~~

A recent independent audit done for Hono­lulu's rail transit project found its finances to be in order with one exception: Rail finance officials failed to properly record $83.8 million in federal funds received for the project.

PKF Pacific Hawaii LLP completed the analysis of the project's finances through June 30. Officials with the Hono­lulu-based firm presented their report to the Hono­lulu Authority for Rapid Transportation board during its general meeting Thursday. Login for more...



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