Guam News - Guam News

Guam - Officials from the U.S. Department of Education were on island this past week, assessing Guam DOE's progress on reaching financial independence and getting rid of the third party fiduciary. U.S. DOE has listed the Guam DOE as "high risk" since 2003. About 2 years ago it required a 3rd party fiduciary, Alvarez and Marisal, to be put in place to handle all federal grants awarded to the island's school system.

Superintendent Jon Fernandez says the visit was positive, and the U.S. officials were able to see that a corrective action plan has been put in place.

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"I think we've reached a critical turning point," said Fernandez. "We have the infrastructure in place, people trained. I think we can see light at the end of the tunnel. We know what we need to go to get out of high risk ourselves."

The third party fiduciary costs DOE  $4 million dollars a year.

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