Edu-Financial Supervisory Commission meets - KUAM.com-KUAM News: On Air. Online. On Demand.

Edu-Financial Supervisory Commission meets

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by Michele Catahay

Guam - The Department of Education needs cash and fast.  The Educational Finance Supervisory Commission met on Wednesday and concerns were raised that DOE's debts to vendors keeps growing, but there's not enough money to pay them. DOE comptroller Rick Ang reported that $4.9 million worth of reimbursements were used for payroll but the department still has other obligations.

"We still have the pay the payroll vendors, which is the breakdown is this: the retirement is $1.5 million, that's for the November 20; payroll and then the payroll vendors for December 4, which is $1.6 million. We have the retirement of $1.5 million. Defense logistics is $1.1 million and contractual $221,000.

DOE also owes other vendors and the Guam Power Authority. Ang says even if DOE gets the allotment from the Department of Administration totaling over $6.6 million, he says DOE will still be short an additional $1.4 million.

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