10 Nov 2011

American Samoa govt overran its 2010 budget by 13 million US dollars

12:21 pm on 10 November 2011

The American Samoa Government faced an overrun of a little over 13 million US dollars in its budget for fiscal year 2010, which ended on September the 30th, 2010.

Auditors are now recommending that the government comply with the budget law, according to the independent auditor's report for FY 2010 conducted by the off-island firm of R.C. Holsinger Associates.

The auditor's report states that 42 departments and the "special programs" budget category exceeded spending of their approved budgets, causing an overrun for FY 2010.

Auditors say cause of the overruns is due to a lack of adherence by management to established budgets and overruns affect future appropriations and expenditures.