Audit of the Education Initiative Fund

The Office of the Virgin Islands Inspector General has issued the audit report of the Education Initiative Fund. Among other things, we found that: (i) funds were not evenly distributed between the schools; (ii) funds were generally disbursed to schools late; (iii) schools were disbursing funds for unallowable purposes; (iv) Finance and Education did not effectively monitor schools’ uses of awarded funds to ensure proper accountability and compliance with the law; and, (v) the Virgin Islands Code contained ambiguous and contradictory statutes addressing the Fund. To view the report, click here.