Audit reveals 10% raises at GEDA - KUAM.com-KUAM News: On Air. Online. On Demand.

Audit reveals 10% raises at GEDA

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by Sabrina Salas Matanane

Guam - While uniformed law enforcement officers aren't getting their raises and the rest of the Government of Guam, the Guam Economic Development Authority in the last administration gave themselves 10% raises, that's just one of the findings of an audit released today by Guam Office of Public Accountability. Another finding: out of the total $2.3 million dollars from GEDA's loan programs, 13% is deemed collectible or GEDA is expected to collect only $0.13 on the dollar.

We should note that is the same finding in an audit conducted on the agency two years ago. The audit also found that GEDA's previous board with support of its legal counsel paid its former administrator 100% rather than 50% unused sick leave - the decision was based on his good performance. Guam law states the administrator was only entitled to 50%.

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