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    Archive for 'Grant/Program Audit'

    GAO REPORTS GUAM IS BEST INSULAR AREA TO MANAGE INTERIOR FUNDING

    The Government Accountability Office released a report on the U.S. insular areas and opportunities that exist to improve the Department of the Interior’s grant oversight and to reduce the potential for mismanagement. The GAO report reviewed the U.S. insular areas of American Samoa, CNMI, the U.S. Virgin Islands and Guam and how they’ve been spending [...]

    UOG 2009 AUDIT SHOWS INCREASES IN NET ASSETS, ENROLLMENT & GRANTS

    The University of Guam fiscal year 2009 audit was released Tuesday by the Guam Office of Public Accountability. It was conducted by independent auditors Eide Bailly. It shows a $1.3 million increase in net assets, an increase of $3 million in grants and contracts, and the highest enrollment in ten years.
    The auditors rendered an [...]

    GDOE FURLOUGH CALLED OFF FOR FEDERALLY FUNDED EMPLOYEES

    The government of Guam’s financial leaders said they would release enough money so federally funded public school system employees won’t have to skip work, said Department of Education Superintendent Nerissa Bretania Underwood.
    Department of Administration acting Director John Camacho said his agency will release about $6.1 million to DOE, which is enough money to pay the [...]

    GUAM AG RELEASES FINDINGS ON PORT OEA CONTRACT

    The Office of the Attorney General has released the findings of an investigation of a Port Authority of Guam contract paid through federally funded “Office of Economic Adjustment” funds. The amount of $350,000 is under local and federal review and was placed on hold for payment.
    Click on the link to read the Attorney General’s [...]

    AUDIT FINDS GHURA’s USE OF ARRA FUNDS (‘EFFECTIVE AND EFFICIENT’)

    The Office of the Inspector General of the U.S. Department of Housing and Urban Development (HUD) submitted a favorable audit report earlier this month outlining the results of a recently completed review of the Guam Housing and Urban Renewal Authority (GHURA) capital funds administered under the American Recovery and Reinvestment Act of 2009 (ARRA).
    The report [...]

    USDOE SETS STRICT RULES FOR FEDERAL FUND RELEASE TO GDOE

    The Guam Department of Education has received the USDOE’s amended special conditions letter, which identifies Superintendent Dr. Nerissa Underwood and GDOE internal auditor Lester Kuykendall as the point of contacts who will provide assurances to federal agency that the conditions for drawing down funds are complied with.
    Under this condition, Underwood and Kuykendall will have to [...]

    ACTING GOVERNOR REQUESTS INDEPENDENT PORT PROCUREMENT REVIEW BY AG ON FEDERALLY FUNDED CONTRACT

    Acting Governor Mike Cruz has called on the Guam Attorney General to review the procurement process used by GovGuam in the award of $350,000 in federal funds for a public relations project for the Port of Guam.
    The call for a review by the Attorney General follows a series of reports in the Pacific Daily [...]

    OMB A-133 COMPLIANCE SUPPLEMENT FOR 2009 PROVIDES ADDITIONAL ARRA GUIDANCE

    On May 26, 2009, the White House Office of Management and Budget (OMB) released the 2009 OMB Circular A-133 Compliance Supplement (the Supplement) effective for audits of fiscal years beginning after June 30, 2008, superseding the 2008 OMB Circular A-133 Compliance Supplement.
    The new annual Supplement contains information updated to reflect new programs, deleted programs and [...]

    AUDIT: HUD FUNDING TO GHURA REDUCED

    The Guam Housing and Urban Renewal Authority had to tap into its reserve funds to maintain its Section 8 housing program, which provides rental assistance vouchers to eligible low-income families.
    But GHURA Executive Director Benny Pinaula said the agency remains in stable financial condition and none of its services or programs are threatened.
    The agency had to [...]

    GWA AUDIT: $446K IN QUESTIONED COSTS INVOLVING FEDERAL AWARDS

    The Public Auditor has released an audit critical of the way the Guam Waterworks Authority has handled major federal awards.
    According to a release from the Office of the Public Auditor (OPA) independent auditor Deloitte and Touche identified $446,000 in “unresolved” cumulative questioned costs as of September 30, 2008.
    Read GWA Audit Highlights
    Among the finding of [...]