MVA FY 2014 and 2013 Financial Audit
MVA Earns a “Clean Report” for 2014 and 2013 Financial Audit
(The following summary is based on the independent auditor’s report prepared by BCM and does not constitute an audit report. See links below for the full audit reports.)
Marianas Visitor Authority (MVA) received an unqualified opinion from an independent auditor for the years 2014 and 2013. An unqualified opinion by the auditor means that MVA’s financial records and statements are fairly and appropriately presented and in accordance with Generally Accepted Accounting Principles (GAAP). The audit also revealed no reportable conditions in internal control or noncompliance so there were no findings or questioned costs for either year. MVA’s accounting and record keeping is accurate and therefore represents a true and fair representation of its overall financial condition.
According their website, the mission of MVA is to promote and develop the Northern Mariana Islands as a premier destination of choice for visitors from throughout the world while providing a maximum quality of life for our people. It nurtures and encourages cultural interchange and environmental sensitivity for visitors' enjoyment and for our children's children.
MVA has offices in Saipan, Tinian, Rota, Japan, Korea, China, Russia, and Taiwan. It advertises and publicizes the Northern Marianas and all it has to offer to the traveling public. MVA also organizes and conducts programs to promote the tourism industry.
MVA received about $9.1 million from the CNMI government in 2014. The audit provides CNMI residents and taxpayers with an overview of MVA’s finances and shows MVA’s accountability for the money it receives. Examples of MVA visitor experience improvement projects that were funded in 2014 and 2013 are listed below:
- Paseo De Marianas (performance stage, tiki torches, and tree plantings)
- Priority Safety Items (Tourist Site railings and stairway repair)
- Kalabera Cave (new interpretive sign and repair of the parking area)
- Departure and arrival area at the airport (installation of 20 video monitors)
- Forbidden Island lookout (new viewing deck/area)
- Daily maintenance of Garapan District
- Bird Island (new interpretive sign and addition of pavilion)
MVA has consistently earned unqualified opinions on its audit for several consecutive years. The most recent audit report shows that MVA continues to manage and administer its funds in a responsible and transparent manner.
Financial Statements and Independent Auditors' Report- View
Independent Auditors' Report on Internal Control and on Compliance- View
Last Updated 3/9/2015 4:29:35 PM