Audit reveals Virgin Islands' lax inventory tracking procedures
December 14, 2011
A recent audit of the U.S. Virgin Islands Legislature uncovered "highly questionable practices" and inadequate inventory tracking
, the Virgin Islands Daily News reports.
The audit, which was published by the V.I. Inspector General's Office and the Office of the Inspector General at the U.S. Department of the Interior, revealed that an insufficient asset tracking
system was in place for items such as "laptops, computers, cameras, printers and other equipment," according to the news source.
In a random sampling of 120 purchase orders examined by auditors, 49 were missing and an additional 28 were never inventoried. Of the 1,206 inventoried items, more than 350 could not be located.
According to Senate president Ronald Russell, manuals are being prepared to establish a more stringent inventory management system
. The manuals will also facilitate the transfer of protocols from one legislature to another.
Additionally, the audit revealed a number of other inefficient or nonexistent controls that contributed to the mismanagement of more than $6 million in public funds. It is currently not known whether any of the officials named in the report will face criminal investigations, according to The Associated Press.