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Terms Used In 5 Guam Code Ann. § 221707

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
The Office of Public Accountability (OPA) shall perform an annual audit of the Opioid Recovery Trust Fund and the compliance of the Opioid Recovery Advisory Council with the expenditure of such funds within the Fund in accordance with the administration and exclusive purposes of this Article. Said audit shall include, but is not limited to, the revenues of the Fund and the expenditures from the Fund. The OPA shall prepare and provide a written report of compliance to I Maga’hagan Guahan and the Speaker of I Liheslaturan Guahan no later than seventy- five (75) days after the end of the fiscal year.