Favorable marks for Port in latest audit - KUAM.com-KUAM News: On Air. Online. On Demand.

Favorable marks for Port in latest audit

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by Sabrina Salas Matanane

Guam - New Port Authority general manager Pedro Leon Guerrero commended the agency's Finance Division for receiving another clean audit from the Guam Office of Public Accountability. The report, released today, cited no significant deficiencies. The agency closed last fiscal year with $7.1 million in net assets primarily due to an increase in capital contributions from the federal government.

Meanwhile the Port's operating expenses increased by $5.4 million.

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