by Sabrina Salas Matanane
Guam - Things are looking good at the Guam Historic Preservation
Trust, as the agency received a clean audit from the Guam Office of Public Accountability
today. According to the report GPT closed Fiscal Year 2012 with a significant
increase in net assets of $4.7 million compared to a half-million dollar loss
the previous fiscal year. The increase was attributed primarily to the recovery
of $4.3 million in bad debts from the 2011 Hotel Occupancy Tax or HOT bond
proceeds, and an increase in building permit fees. To read the audit log on to
GuamOPA.org.
