Guam – The Guam Housing and Urban Renewal Authority has received it’s first clean audit in 50 years.
It comes just as GHURA is preparing to celebrate it’s 50th year anniversary.
The independent auditors of J. Scott Magliari & Company gave an unqualified or clean opinion on GHURA’s financial statements and compliance reports for fiscal year 2011.
It was an audit of GHURA’s five major programs namely the housing choice voucher, public housing capital fund, community development block grant, low income housing tax credits, and compact impact.
“It shows that GHURA is following the rules we’ve spent a lot of time certifying our personnel during the Calvo Tenorio administration approximately 34 percent of our staff have some kind of national certification under their belt related to their jobs and I think there is a direct correlation with getting certified staff on board and having a clean audit,” said GHURA acting Executive Director Ray Topasna.
Topasna says that GHURA is held to a high standard because they are one hundred percent funded by the federal government.