Requesting The Office Of The Auditor To Conduct A Performance Audit Of The University Of Hawaii Foundation.
Impact
If passed, SR154 would require a comprehensive examination of both the effectiveness and efficiency of the funds managed by the University of Hawaii Foundation. The audit would focus on the allocation of resources to ensure that fundraising efforts translate into meaningful support for students and faculty. This scrutiny is deemed necessary by supporters of the resolution, who advocate for greater transparency and accountability in the Foundation's operations, which directly affect the educational landscape of the state.
Summary
Senate Resolution 154 (SR154) aims to enhance oversight of the University of Hawaii Foundation by requesting the Office of the Auditor to conduct a performance audit. This initiative comes in response to the Foundation's significant role in fundraising efforts for the Hawaii university system and the management of over seven thousand separate gift accounts. With its fundraising campaign 'For UH For Hawaii' having surpassed $660 million, the bill highlights the necessity for an evaluation of how these significant funds are utilized to support various university programs and projects.
Conclusion
Ultimately, SR154 represents a proactive approach to ensuring that the University of Hawaii Foundation administers its resources effectively. By underscoring the importance of audit and accountability, the resolution seeks to safeguard the interests of both the university's donors and beneficiaries, aligning fundraising outcomes with the broader educational goals of the state.
Contention
There may be potential contention regarding SR154, as some stakeholders may view a performance audit as unnecessary scrutiny that could hinder the Foundation's ability to operate freely. Opponents might argue that such oversight could discourage potential donors who prefer to see their contributions used without restrictive audits. Conversely, advocates for the resolution contend that a systematic review of the Foundation's practices will only strengthen its capacity to manage funds responsibly, ensure donor confidence, and enhance the overall effectiveness of educational support.
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