Report details Chamorro Affairs' non-appropriated funds - KUAM.com-KUAM News: On Air. Online. On Demand.

Report details Chamorro Affairs' non-appropriated funds

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by Ken Quintanilla

Guam - The Office of Public Accountability has issued a report on the Department of Chamorro Affairs' non-appropriated funds where independent auditors Ernst & Young expressed an unmodified clean opinion on the agency's financial statements. The report shows DCA's non-appropriated funds closed Fiscal Year 2013 with an over $4,100 increase in net position net income compared to an increase of $107,000 in the prior year. The report further shows that total non-appropriated revenues decreased by over $400,000 between Fiscal Years 2012 and 2013 along with expenses decreasing by close to $300,000. Both figures are attributed to activities involving the festival of pacific arts. You can read the full report on GuamOPA.org.

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