The Office of Public Accountability has released its financial audit report on the Department of Chamorro Affairs non-appropriated funds for Fiscal Year 2023. 

Independent auditors Ernst & Young LLP issued a qualified opinion on the financial statements, identifying two material weaknesses in the DCANAF’s internal control over financial reporting. 

The department ended FY 2023 with a net position of $654,000, a slight increase from the previous year. 

Revenues rose by 8%, driven by increased lease income from Chamorro Village vendors. However, expenses grew by 41%, mainly due to contractual services and facility repairs.

The Chamorro Village reported higher occupancy and a 45% boost in net position. Meanwhile, the Guam Museum suffered significant losses due to Typhoon Mawar-related closures, dropping its net position by $133,000.

Other deficiencies included unrecorded adjustments, outstanding account balances, and lack of segregation of duties.

The department has agreed to implement corrective measures in 2024, with assistance from the Department of Administration.