Audit: Guam Airport finished with increase

by Janjeera Hail

Guam - Despite the global economic crisis and the Swine Flu, the Guam International Airport Authority closed Fiscal Year 2009 with an increase in net assets totaling $24 million.  That was one of the many findings of a clean audit on the agency's finances.

Auditors did find weaknesses though in the agency's handling of federal awards from the need for better recordkeeping to cross-training of employees handling federal funding.