Guam - The Office of Public Accountability has released its latest report examining GovGuam's finances. Called the Performeter, it focuses specifically on finances in 2012.
From a scale of one being least favorable to ten being most favorable, GovGuam received an overall score of 2.81, which is the highest score in eight years but remains the lowest score among the eight insular areas analyzed. GovGuam's unfavorable rating continues primarily due to its cumulative deficit of approximately $194.2 million. The primary cause of the slight increase in the rating from the prior year is related to the slight reduction in the overall deficit of the government, and an improvement in the operational deficit of the General Fund due to bond proceeds.
The Performeter is an analysis of a government's financial statements used to measure it's performance. It will be submitted to the U.S. Department of the Interior's Office of Insular Affairs. You can read the report at guamopa.org.