Airport gets high marks in audit

by Ken Quintanilla

Guam - The Guam International Airport receives high marks from the Guam Office of Public Accountability.

GIAA received a clean audit. The agency closed Fiscal Year 2013 with close to $2 million in passenger emplanements, which is a record high in comparison to the past 12 years.  The airport also saw an increase in net income of $15 million compared to a decrease the previous fiscal year. Auditors noted that GIAA should be commended as no findings pertaining to federal funds were identified in FY2013.  Auditors also noted the ten-year Lotte concessionaire contract allowed GIAA to realize a significant increase in the minimum annual guarantee of its lease going from $4 million to $15 million.

You can read the audit at GuamOPA.org.