Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 1865, H.D. 1, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to strengthen the financial operations of Hawaii's public school system and help achieve the goals of Act 51, Session Laws of Hawaii 2004, by creating a new chief financial officer position in the Department of Education to meet the broad demands of managing the Department's budget and overseeing its financial operations.

Your Committee finds that this measure will assist the Department to better meet the expectations of the community, while ensuring accountability and transparency of its financial operations. This measure also designates the chief financial officer as an assistant superintendent and creates an attendant secretary position.

Your Committee has amended this measure by:

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1865, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1865, H.D. 1, S.D. 2.