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ASG expenditures decrease, resulting in excess revenue of
more than $4million
According to the Treasury Department’s Financial Overview Report for local funds for the month of April 2008, the American Samoa Government spent over $100,000 less than what was initially projected, resulting in excess revenue of more than $4 million for ASG in April.
Governor Togiola Tulafono has been forwarded a copy of the report which was prepared and submitted by ASG Treasurer Gaea Perefoti Failautusi.
The most notable savings came from the “miscellaneous” category which cost the ASG $203,980 last April. This year however, not a penny was spent in that same category.
The projected revenue and expenditures for April was listed at $6,131,917 but ASG funding sources, departments, and agencies were able to collect more - approximately $10,483,649 – and spend less, approximately $5,994,074.
The decrease in spending is thanks to several departments like Legal Affairs which reduced its spending by nearly half, down from $333,055 last April to only $173,356 two months ago.
Others that followed suit include the Department of Education which cut its spending from $1,561,254 last April to $1,480,802 the same time this year.
The Department of Youth and Women’s Affairs managed to slash its spending by more than half, from $22,190 last April to $10,062 in April of this year. Even the Department of Administrative Services did their part, reducing their spending from $128,690 in April 2007 to only $66,388 the same time this year.
The following is a list of other ASG departments and funding sources that cut their spending and therefore, contributed to the ASG banking more than $4 million in local funds two months ago:
SOURCE
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2008 |
2007 |
Port Administration |
$159,898 |
$163,185 |
Department of Commerce |
$7,529 |
$19,574 |
Human Resources |
$77,483 |
$78,470 |
Parks and Recreation |
$52,097 |
$62,642 |
Budget Office |
$43,999 |
$46,544 |
Marine and Wildlife Resources |
$0 |
$43 |
Tourism (DOC) |
$14,165 |
$26,498 |
Arts Council |
$600 |
$1,188 |
Property Management |
$25,312 |
$27,177 |
Law Office |
$10,330 |
$12,986 |
Public Market |
$11,544 |
$11,611 |
Golf Course |
$32,927 |
$49,039 |
Some of the savings may not seem significant but judging from the final result, it’s safe to say that every little penny saved can amount to millions in revenue for the American Samoa Government.
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