VI OIG AR-03-PA-05: Audit of the Yellow Cedar Acquisition Program at the Virgin Islands Port Authority
ISSUED: April 4, 2005 AR-03-PA-05 THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE VIRGIN ISLANDS INSPECTOR GENERAL AUDIT REPORT AUDIT OF THE YELLOW CEDAR ACQUISITION PROGRAM AT THE VIRGIN ISLANDS PORT AUTHORITY ILLEGAL OR WASTEFUL ACTIVITIES SHOULD BE REPORTED TO THE OFFICE OF THE VIRGIN ISLANDS INSPECTOR GENERAL BY: Calling: Sending Written Documents to: Office of the Virgin Islands Inspector General (340) 774-3388 No. 75 Kronprindsens Gade St. Thomas, Virgin Islands 00802 Web Site: E-Mail: www.viig.org taskforce@viig.org GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE V. I. INSPECTOR GENERAL No. 75 Kronprindsens Gade, Charlotte Amalie, St. Thomas, V.I. 00802 STEVEN VAN BEVERHOUDT Tel: (340) 774-3388 V.I. INSPECTOR GENERAL Fax: (340) 774-6431 EXECUTIVE SUMMARY The following summarizes the major findings resulting from the Audit of the Yellow Cedar Acquisition Program at the Virgin Islands Port Authority. Finding 1: Initial Offer (pages 5 to 7) T Approved review appraisals were not always used when making initial written offers to purchase parcels at Yellow Cedar. …
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