The Office of the Virgin Islands Inspector General has released its report on the review of the accounting for petty cash, imprest, and accreditation funds for the Virgin Islands. The review showed that the Department of Finance does not have an accurate accounting of the outstanding funds, nor do they know the number of custodians who have possession of the funds. The Commissioner agreed with seven of the eight recommendations made in the report, but did not specify the corrective actions to be taken. To view the report, click here.

The Office of the Virgin Islands Inspector General released its report on collection activities at the Virgin Islands Traffic Bureau. The audit found that on St. Thomas, collections were not deposited timely nor were they made sequentially; controls were not in place to safeguard license plates, registration stickers and registration certificates; and facilities, especially on St. Croix, were in a deplorable condition of disrepair. The Police Commissioner agreed with the recommendations made and indicated that corrective actions had been or were in the process of being made. To view the report, click here.

The Office of the Virgin Islands Inspector General released its report on the Department of Education’s use of the Education Initiative Fund. The audit found that in general the various schools were using the Fund in accordance with prescribed regulations. It was also found that funds were not getting to the schools on a timely basis. In addition, Education was not allocating funds to the schools in accordance with the formula established by the Virgin Islands Code. Six recommendations were made in the report. To view the report, click here.

The Office of the Virgin Islands Inspector General released its report on the use of Y2K funds by the Virgin Islands Government. The audit found that although positive steps were taken in improving the Government’s computer operations, significant weaknesses in planning, procurement, monitoring and inventory were also identified. Ten recommendations were made in the report. To view the report, click here.

Virgin Islands Inspector General Steven van Beverhoudt announces the release of the Fiscal Year 2003 Audit Plan. Although the plan is ambitious, numerous Virgin Islands Government programs have been scheduled to be audited for the first time in the up coming fiscal year. To see the plan, please click here.