Out of more than 112 projects in six sectors, including the priority health and education Sectors, 96.43 percent of performance reports have been collected, reviewed and submitted to OIA.
Under the terms of the fiscal procedures agreement in the Amended Compact, the FSM is required to submit all Compact-funded program performance reports to the U.S. government within thirty days after the end of each quarter.
While the FY 2011 4th quarter reports are approximately one month overdue, SBOC staff have indicated that an unofficial submission to OIA was made within the deadline.
The delay in the report submission was primarily due to limited staff available to review and compile reports, as well as delayed responses from program recipients requesting verification of reported data outputs.
Another issue of concern was that numerous reports that were submitted to SBOC were not, as they should be, cumulative of the entire fiscal year.
