GCC gets unqualified clean opinion audit - KUAM.com-KUAM News: On Air. Online. On Demand.

GCC gets unqualified clean opinion audit

Posted: Updated:

by Nick Delgado

Guam - The Guam Community College got an unqualified clean opinion by the Office of Public Accountability for its report on Fiscal Year 2011 financial statements and its compliance and internal controls. The college closed FY2011 with an $8.6 million increase in net assets, nearly doubling the prior year.

The OPA report states this is due to the increase in financial aide for students. The increase offsets the hike in expenses which went up $2.8 million due to academic support and planning and new employees. The report notes one significant deficiency dealing with the lack of procurement documentation in accordance with its procurement process.

This is GCC's eleventh consecutive clean audit maintaining its low-risk status. 

  • NEWS HEADLINESMore>>

  • Jerry Anus arrested for harassment, drug possession

    Jerry Anus arrested for harassment, drug possession

    Police responding to a call of people loitering outside a Dededo game room leads to one man being placed under arrest for drugs. Jerry Anus is charged with possession of a schedule II controlled substance, harassment, and possession of a schedule I controMore >>
    Police responding to a call of people loitering outside a Dededo game room leads to one man being placed under arrest for drugs. Jerry Anus is charged with possession of a schedule II controlled substance, harassment, and possession of a schedule I controMore >>
  • Man attacks neighbor, threatens to kill victim with machete

    Man attacks neighbor, threatens to kill victim with machete

    A Dededo man is accused of attacking his neighbor after the victim refused to buy him beer. Robinson Reimers is charged with terrorizing with the special allegation of use of a deadly weapon during the commission of a felony, disorderly conduct, and harasMore >>
    A Dededo man is accused of attacking his neighbor after the victim refused to buy him beer. Robinson Reimers is charged with terrorizing with the special allegation of use of a deadly weapon during the commission of a felony, disorderly conduct, and harasMore >>
  • Barnett's dinanche takes first place at Mangilao Donne' Festival

    Barnett's dinanche takes first place at Mangilao Donne' Festival

    Over the weekend, Barnett’s boonie pepper mash condiment took the heat at the Mangilao Donne’ Festival.More >>
    It might not be the biggest, but sometimes it’s the hottest. That’s what KUAM’s Chris Barnett says about the tiny, tongue-stinging donne’ sali he uses in his award-winning donne’ dinanche “Antigu” recipe.More >>
Powered by Frankly