Guam first to submit report to Congress - KUAM.com-KUAM News: On Air. Online. On Demand.

Guam first to submit report to Congress

Posted: Updated:

by Sabrina Salas Matanane

Guam - Guam evidently marks the first U.S. territory in history to ever submit the Comprehensive Annual Financial Report to Congress.  Congress mandated that every territorial governor submit this report annually and to the Secretary of the Interior. An no territory has ever done this.  Department of Administration director Benita Manglona says it was a major undertaking as it compiles 10 years worth of data.

"And it's just an evidence of a government's commitment to full disclosure and transparency because you have all these statistical information that anyone that wants to know about Guam, GovGuam's finances and how its elected leaders have done with tax payers dollars they can go to this report," she said.

She adds GovGuam applied for a federal grant to hire a consultant and staff to gather the information.

Adelup also maintains the CAFR may help Guam as it applies for higher bond ratings, which could result in lower interest payments.

  • NEWS HEADLINESMore>>

  • Friends mourn Mangilao crash victim Ana Chargualaf

    Friends mourn Mangilao crash victim Ana Chargualaf

    Friday, March 22 2019 3:50 AM EDT2019-03-22 07:50:59 GMT
    The 67-year old woman who died in a three-car crash in Mangilao has been identified as Ana Chargualaf. Her death marks the fifth traffic-related fatality of the year. Seniors at the Mangilao Senior Citizen Center held a moment of silence early Friday mornMore >>
    The 67-year old woman who died in a three-car crash in Mangilao has been identified as Ana Chargualaf. Her death marks the fifth traffic-related fatality of the year. Seniors at the Mangilao Senior Citizen Center held a moment of silence early Friday mornMore >>
  • Guam ranked 5th in chlamydia rates

    Guam ranked 5th in chlamydia rates

    Thursday, March 21 2019 10:39 PM EDT2019-03-22 02:39:04 GMT
    The rates of sexually transmitted diseases on island are climbing. Last year, Guam ranked a startling 5th in the nation for Chlamydia.This week, representatives from the Department of Public Health traveled off island to a national conference to find soluMore >>
    The rates of sexually transmitted diseases on island are climbing. Last year, Guam ranked a startling 5th in the nation for Chlamydia.This week, representatives from the Department of Public Health traveled off island to a national conference to find soluMore >>
  • Former Guam residents return as marines for military exercise

    Former Guam residents return as marines for military exercise

    Thursday, March 21 2019 10:12 PM EDT2019-03-22 02:12:42 GMT
    A pair of Guam-bred Marines were back home for a brief visit, after taking part in the recent COPE North exercise involving more than two thousand troops from three countries. For Marines Benjamin Blas Jr. and Daelankris Alviz, the multinational Cope NortMore >>
    A pair of Guam-bred Marines were back home for a brief visit, after taking part in the recent COPE North exercise involving more than two thousand troops from three countries. For Marines Benjamin Blas Jr. and Daelankris Alviz, the multinational Cope NortMore >>
Powered by Frankly