NEWS
DEPARMENTS
SERVICES
PRESSRELEASE
ISLAND INFO
HISTORY
DOWNLOADS
LINKS
CONTACT
Office of the Governor
Executive Office Building, Third Floor, Utulei
Pago Pago, American Samoa, 96799
PHONE: 684-633-4116
FAX: 684-633-2269
For Immediate Release November 13, 2002
DEVELOPMENT BANK
RECEIVES $69,000 FY 2003 TECHNICAL
ASSISTANCE GRANT
The Development Bank of American Samoa has received a Technical Assistance Grant (No. AS-133), from the US Department of the Interior’s Office of Insular Affairs in the amount of $69,000 for Fiscal Year 2003.
The grant will
be used to retain the services of an experienced accounting consultant for one
year. The consultant’s duties are as follows:
·
To complete year-end closing and reporting.
·
To train the Finance, Loans and Operations
Managers to perform year-end tasks.
·
To train the DBAS staff to perform all
essential accounting tasks on an in-house
basis, in order
to reduce reliance on
outside assistance. (These tasks are currently being done by off-island
accounting firms).
·
To perform other duties as defined in the
proposal and as assigned by the President of the DBAS.
In his letter
of thanks to OIA Director Nikolao Pula, Governor Tauese Sunia said: “I very
much appreciate your awarding this grant to our Territory. Please rest assured
that we will put this much-needed award to good use, with the help of the
accounting consultant whom you mentioned in your letter. The completion of the
appraisal work will improve the DBAS’s performance to a considerable degree,
and I trust that you will be pleased with the result.”