Conference call with USDOE this week
A conference call will be held this Thursday with third-party fiduciary agent Alvarez and Marsal and the U.S. Department of Education.
By KUAM NewsGuam - A conference call will be held this Thursday with third-party fiduciary agent Alvarez and Marsal and the U.S. Department of Education. According to superintendent Dr. Nerissa Bretania Underwood, the agent has made some progress as far as identifying and working to create an effective system.
"They have already identified the system," she told KUAM News. "They have worked with our staff and the system is set and ready to go. We are having a conference call with the USDOE on Thursday. USDOE has to give the approval for them to actually start and so our first goal is to get the reimbursement."
The third-party agent will help DOE manage millions of dollars in federal funds. Once it gets reimbursed, the superintendent says these necessary funds will cover vendor payments.