UOG Receives Clean Audit for FY 15

190

 UOG has now completed one audit as a low-risk auditee.

Guam – The University of Guam received a clean audit for FY 2015.Auditors Deloitte & Touche gave the University a clean audit opinion on their financial statements.

 

According to a release, UOG has now completed one audit as a low-risk auditee. UOG President Robert Underwood says in FY 2015, UOG managed 112 grants and contracts amounting to $35.5 million. They include awards for student financial aid, developmental disabilities, cancer research, alternative energy, green projects and building renovation. Other FY 2015 audit highlights include: The total amount received from Gov Guam increased $2.7 million and revenues were $95 million for the year, which is a 4% increase from the prior year.

Auditors Deloitte & Touche gave the University a clean audit opinion on their financial statements. According to a release, UOG has now completed one audit as a low-risk auditee. UOG President Robert Underwood says in FY 2015, UOG managed 112 grants and contracts amounting to $35.5 million. They include awards for student financial aid, developmental disabilities, cancer research, alternative energy, green projects and building renovation. Other FY 2015 audit highlights include: The total amount received from Gov Guam increased $2.7 million and revenues were $95 million for the year, which is a 4% increase from the prior year.

Underwood says, “This is a great standing for the university and reflects the hard work that our faculty and staff make sure we obey the rules. We’re very happy with this. It’s occurring at a time where enrollment, external grants and contracts are at a record level so this speaks well of our capacity to deal with external funds.”

UOG is also celebrating a record number of 550 undergraduate and graduate degrees in academic year 2014-15.