by Mindy Aguon, KUAM NewsThursday, June 28, 2007 Subscribe to Mindy's newsfeed
Fiscal Year 2006 financial highlights of the Guam Preservation Trust were released today. The first audited financial statement the trust has issued in nine years. According to the Public Auditor the trust has contributed $6.8 million in rehabilitating and restoring more than a dozen historic structures on island. The GPT receives it income from building permit fees that have increased since previous years.The audit conducted by Ernst & Young reports significant increases in expenses for salaries, bank charges, communications and supplies. In addition, of seven findings noted in the audit concerns were raised about the non-profit organization's procurement, accounting of revenues and travel.Read the report on GuamOPA.org