VI OIG AR-02-40-03: Audit of the Education Initiative Fund
ISSUED: August 29, 2003 AR-02-40-03 THE UNITED STATES VIRGIN ISLANDS OFFICE OF THE VIRGIN ISLANDS INSPECTOR GENERAL AUDIT REPORT AUDIT OF THE EDUCATION INITIATIVE FUND 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 Education Initiative Fund (AR-02-40-03). Finding 1: Distribution of Allotments to Schools (pages 4 to 7) T Schools did not receive their allotments within 15 days of the beginning of the fiscal year as required by the Code. …
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