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.
  • NEWS HEADLINESMore>>

  • 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 >>
  • More than $468,000 in tax returns being mailed-out

    More than $468,000 in tax returns being mailed-out

    Friday, March 22 2019 4:08 AM EDT2019-03-22 08:08:12 GMT
    $468,468 in tax refunds have been mailed out. The Department of Revenue & Taxation and the Department of Administration say they represent 167 checks for error-free returns filed on or before October 2, 2018.More >>
    $468,468 in tax refunds have been mailed out. The Department of Revenue & Taxation and the Department of Administration say they represent 167 checks for error-free returns filed on or before October 2, 2018.More >>
Powered by Frankly