Audit: GWA saw increase in revenues - KUAM.com-KUAM News: On Air. Online. On Demand.

Audit: GWA saw increase in revenues

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by Mindy Aguon

Guam - For a second year in a row, the Guam Waterworks Authority ended the year with positive net earnings, attributed to an increase in water usage and the implementation of rate increases. But despite the unqualified "clean" opinion, auditors still had concerns about the agency's challenges to collect revenues, account for water leakage and address faulty meters. 

The audit also noted an increase of $2.7 million in operating expenses that was offset by a $10 million increase in revenues.

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