Three Agencies Behind a Total of $23.7 Million in Cash Allotments

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Meanwhile the Bureau of Statistics and Plans says Guam is on track to collect more money than was budgeted for.

Guam – Three agencies are behind a combined total of $23.7 million dollars in their cash allotment schedule.

https://www.youtube.com/watch?v=5frqHf3zGTA

 

GDOE Superintendent Taling Taitano confirms DOE is about $4.5 million dollars behind in it’s cash allotment schedule. This cash allotment schedule shows what the agency is supposed to have received up to this point in the fiscal year. Yesterday Guam Community College Spokeswoman Jayne Flores confirmed that they too are behind in their cash allotment schedule by $11.3 million dollars. Today the University of Guam confirmed that they are behind by $7.9 million dollars with their cash allotment schedule for this fiscal year. According to UOG Spokesman Jonas Macapinlac the University has instituted financial controls that have allowed continued operations with minimal disruption but Macapinlac wrote via emailing saying “These conditions cannot continue indefinitely.” He further wrote that UOG is working with DOA to ensure funding on a regular schedule. Meanwhile last months revenue and expenditures report from the Bureau of Statistics and plans showed Guam is not only on track to meet revenue projections and collect the cash it was expected to collect for this fiscal year but also that it is supposed to be on track to slightly exceed revenue projections by $206 thousand dollars.