Ongoing audit reveals millions in questioned funds

During a recent government meeting, officials discussed significant financial concerns regarding unreimbursed costs and questioned expenditures related to federal funding. A key point of contention was the $8.4 million in unreimbursed costs, which includes $910,000 identified as unallowable costs. Officials emphasized the importance of recovering these funds, with a target closure date set for March 2025.

The dialogue highlighted ongoing efforts to address these financial discrepancies, particularly in relation to the Federal Emergency Management Agency (FEMA). One official noted that the agency is responsible for providing necessary documentation to FEMA, which is crucial for resolving the $32 million in questioned costs associated with federal funding.

Additionally, discussions touched on the financial advisory group's role in the budget process for the Guam Memorial Hospital (GMH). Officials clarified that the advisory group, which began meeting in December of the previous year, did not influence the governor's executive budget submission, as there was insufficient time for their discussions to impact the budget request.

The meeting underscored the urgency of addressing these financial issues, with officials expressing a commitment to expedite the recovery of funds and improve operational efficiencies within GMH.