GMH will makeover financial management - KUAM.com-KUAM News: On Air. Online. On Demand.

GMH will makeover financial management

Posted: Updated:

by Krystal Paco

Guam - The Guam Memorial Hospital board of trustees are slated to meet this week to discuss the hospital's financial makeover.

GMH administrator Joseph Verga told KUAM News, "Are we on stable financial ground? No. are we being funded to the degree which we need to be? No. You will hear more about this we are in the throes of planning our 2015 fiscal year budget. We have scheduled a special board meeting to approve our 2015 budget. You will hear a lot more about this and the need to change how GMH is funded going forward and the premises for our new funding request."

Verga notes that the hospital did not receive the funding it needed to cover the present fiscal year's expenditures.

The meeting is set for Thursday, March 13 at 6 p.m. in the GMH board conference room.

  • NEWS HEADLINESMore>>

  • Committee dismisses ethics complaint against Senator Esteves

    Committee dismisses ethics complaint against Senator Esteves

    The Legislative Ethics Committee has dismissed the complaint against Senator Fernando Esteves, and says it considers the matter closed. Resident Barry Mead filed the complaint against Esteves for his role in a protest earlier this year against the live fire training range at Andersen Air Force Base's Northwest Field.  

    More >>

    The Legislative Ethics Committee has dismissed the complaint against Senator Fernando Esteves, and says it considers the matter closed. Resident Barry Mead filed the complaint against Esteves for his role in a protest earlier this year against the live fire training range at Andersen Air Force Base's Northwest Field.  

    More >>
  • Eco-preservation discussed at Marianas Terrestrial Conservation Conference

    Eco-preservation discussed at Marianas Terrestrial Conservation Conference

    Guam's jungles are often said to be silent, as brown tree snakes kill off our native birds. Visiting and local students attended GCC's first annual Marianas Terrestrial Conservation Conference to speak up about their eco-preservation projects.

    More >>

    Guam's jungles are often said to be silent, as brown tree snakes kill off our native birds. Visiting and local students attended GCC's first annual Marianas Terrestrial Conservation Conference to speak up about their eco-preservation projects.

    More >>
  • Man awarded $775,000 for reporting fraud

    Man awarded $775,000 for reporting fraud

    A whistleblower in a multi-million dollar federal government false claims case received the maximum award possible for his help in unraveling the fraud.  William Toelkes was granted 25% of the $3.1 million settlement against Japanese construction company TOA corporation.  According to court documents, "TOA created a sham joint venture with a much smaller American entity" that enabled it to win a large wharf construction contract at the Naval Station Guam.  To...More >>
    A whistleblower in a multi-million dollar federal government false claims case received the maximum award possible for his help in unraveling the fraud.  William Toelkes was granted 25% of the $3.1 million settlement against Japanese construction company TOA corporation.  According to court documents, "TOA created a sham joint venture with a much smaller American entity" that enabled it to win a large wharf construction contract at the Naval Station Guam.  To...More >>
Powered by Frankly