Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Guam committee debates auditor authority to audit nonprofits receiving $200,000 or more
Summary
The Committee on Finance and Government Operations heard Bill 65-38 COR to clarify that nonprofits receiving cumulative government funding above $200,000 may be audited by the public auditor. Senators praised the objective but asked for lower thresholds and reporting requirements; the author said the threshold came from the Office of Public Auditor and pledged to work on amendments.
The Committee on Finance and Government Operations convened Feb. 6 to hear Bill 65-38 COR, introduced by Speaker Frank F. Blas Jr., which would amend Section 1908 of Chapter 19, Title 1, Guam Code Annotated, to clarify that nonprofit and nongovernmental organizations that cumulatively receive more than $200,000 from any government entity may be subject to audit by the Office of the Public Auditor.
Supporters said the change aims to increase transparency and ensure public funds are spent efficiently. "If they receive, in excess of cumulatively, in excess of $200,000 or more, they can be audited by the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
