Audit shows UOG heading in right direction - KUAM.com-KUAM News: On Air. Online. On Demand.

Audit shows UOG heading in right direction

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by Joan Aguon Charfauros

Guam - Good news coming from the University of Guam as their Fiscal Year 2010 audit showed significant increases in federal grants and contracts, net assets, and enrollment - all of which point to an institution committed to academic quality, research, and outreach projects that benefit the community.

The university maintained its low-risk audit status for the sixth consecutive year, which the institution is awarded for its management of federal grants. Other audit highlights include that UOG experienced it's highest student enrollment over the last ten years, generating $35.9 million in revenue from federal grants and contracts, federal grant revenue increasing by $6.8 million (24% from $28.9 million to $35.8 million), stemming from multi-year grants for cancer research, regional health education, a master's program for the blind/visually impaired, and alternative energy and green projects.

UOG also recorded $90.3 million in revenues, of which 37% was from government appropriations with the remainder being university-generated.

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