(Hawaii Reporter) Hawaii’s Financial Report Released – Finally Every state must release a Comprehensive Annual Financial Report (CAFR), a series of government financial statements that detail the financial condition of a state, municipal or other governmental entity. These must comply with accounting requirements called “generally accepted accounting principles (GAAP), established by the Financial Accounting Standards Board (FASB). The CAFR, [...]
(The Maui News) When you think about government debt, do you see it as their debt or your debt? If your first thought was theirs, then who pays for it when government overspends or overcommits and does not have the money to pay for it? We do – all of us in this state and [...]
(Hawaii Reporter) Truth in Accounting. Sheila Weinberg, CPA, and President of the Institute for Truth in Accounting in Chicago, will be in Kona and Honolulu next week. She will address a legislative meeting on Tuesday, October 11 at the State Capitol and will be a luncheon speaker sponsored by the Grassroot Institute of Hawaii at [...]
(Hawaii Free Press) Sheila Weinberg, CPA, is founder and CEO of the Institute for Truth in Accounting, a non-partisan advocate of comprehensive, comprehensible and transparent government financial reports. She will be speaking in Hawaii on “Government Accounting: The Seen and the Unseen — What Needs to be Done?” Weinberg works closely with members of Congress, [...]
CONTACT: Nancy Mathieson, 847-226-8589, NancyMath1@aol.com HAWAII IS IN THE 47TH WORST FINANCIAL POSITION OF ALL 50 STATES Truth in Accounting Report names Hawaii a “Sinkhole” State Chicago, (August 3, 2011) – The non-partisan Institute for Truth in Accounting has identified Hawaii as a “Sinkhole” state because it is one of five states in the worst [...]
(Hawaii Reporter) Senate Ways and Means Chair David Ige said in a recent email to Hawaii Reporter that the Hawaii State Legislature “ recognizes the importance of resolving the unfunded actuarial accrued liability of the Employees’ Retirement System of the State of Hawaii (ERS).” He was responding to a media inquiry about the recent Institute for [...]
(Hawaii Reporter) The non-partisan Institute for Truth in Accounting has identified Hawaii as a “Sinkhole” state because it is one of five states in the worst financial position in the country. While Hawaii has $19.5 billion worth of assets, only $3.9 billion are available to pay $15.4 billion of bills as they come due. Each [...]
Each Hawaii taxpayer’s financial burden equals $25,000. Read report here: 2009 Hawaii Financial State of the State Share and Enjoy:
Click below to listen to Sheila Weinberg’s (Truth in Accounting) podcast on the Peter Kay radio show in Hawaii. Peter Kay radio show in Hawaii Share and Enjoy:
(Institute for Truth in Accounting) The Institute’s 50 State Study uncovered it took Hawaii 477 days (almost 16 months) to issue its 2009 CAFR. The June 30, 2009 CAFR was issued on October 20, 2010. Timely production and release of financial information is one of the cardinal requirements of system of financial reporting and control. Each state’s CAFR [...]
