Preliminary results of Port audit are favorable - KUAM.com-KUAM News: On Air. Online. On Demand.

Preliminary results of Port audit are favorable

Posted: Updated:
 by Ken Quintanilla

Guam - Things are looking up for the Port Authority of Guam in terms of its finances. During today's board of directors meeting, Port management announced the preliminary results of a financial audit conducted by the Office of Public Accountability and the Deloitte & Touche.

Port general manager Joanne Brown said, "We so far Mr. Chair have reached our third year of coming up with a clean audit. As we discussed last year, if we were able to do that, the Port would be designated as a low-risk auditee and that is significant for us because with that capability this will be a tremendous benefit for us moving forward in acquiring additional federal grant money and certainly as we look at continued financing for the port, having clean and auditable books if very critical."

She adds the clean audit will help as the Port looks to invest in future projects such as building a new Port commercial complex along with more rental space for its tenants. The OPA and Deloitte & Touche will be meeting with the port next week to finalize the audit report.
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