Guam – Guam DOE officials will be making an important phone call to Washington D.C. tomorrow [Thursday].
The Department’s third party financial administrator, Alvarez and Marsal, has informed DOE that they’re ready to assume responsibility for the island’s federal education funds.
DOE Deputy Superintendent Taling Taitano says a conference call has been set up with U.S. DOE Thursday morning about 9 am. She expects U.S. DOE to give its approval. And that should clear the way for Guam DOE to begin drawing down on $23 million dollars in federal funds that have been frozen for more than a year.
Ever since its federal funds have been frozen, Guam DOE has been getting by with supplemental appropriations from the Guam General Fund which must be paid back, and they have been delaying payments to their vendors.
Once the federal funding is available, Taitano said that $4 million of it will go immediately to pay back the advances from GovGuam, leaving about $19 million to fund its ongoing federal education programs and pay some past due invoice to its vendors.