KPress Vol. 14 Iss. 14

Jaynes, Bill (2014-06-02). KPress Vol. 14 Iss. 14 (PDF) (Report). Kolonia, Pohnpei: Kaselehlie Press.

• Has attachment: File:3MRNZXET.pdf

Abstract: KPress Vol. 14 Iss. 14: NEWS: This issue centers on a Pohnpei performance audit that raises concerns about debt servicing by the Pohnpei Utilities Corporation (PUC), reporting that borrowing activities have begun to impose significant financial costs on Pohnpei State according to findings released by the Pohnpei Office of the Public Auditor; the audit examines overall debt levels across the Pohnpei State Government and its five component units, with particular focus on PUC, and notes that despite earlier studies recommending restraint, debt accumulation has continued, contributing to fiscal strain, including a reported $3.9 million shortfall in projected revenues in FY 2012 related to cash flow and power-sector projections; the issue also reports on the Seventh State and National Leadership Conference held May 22–23 at the College of Micronesia–FSM National Campus, summarizing resolutions and discussions involving national and state leaders on development priorities and intergovernmental coordination; additional coverage includes the President’s State of the Federation address to Congress, congressional budget deliberations addressing pressing fiscal issues, cultural and educational activities such as school performances by visiting musicians and community nutrition demonstrations, and recognition of educational achievement within the FSM.