Terms Used In 5 Guam Code Ann. § 73408

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • 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 Director shall transmit to the Governor of Guam and the Speaker of the Guam Legislature, no later than thirty (30) days after the end of each fiscal year, a detailed report of each account of the Fund as follows:
(a) the estimated total value of property forfeited under any law enforced or administered by the Guam Customs and Quarantine Agency with respect to which funds were not deposited into the Fund;

(b) each account’s beginning balance on October 1st of each year;

(c) sources of receipts (seized cash, conveyances, and others);

(d) the net amount realized from the year’s operations, the amount of seized cash being held as evidence, and the amount of money legally allowed to be carried over to the following year;

(e) a year-end report of each account balance;

(f) a report for such fiscal year, containing financial statements, reviewed by the Public Auditor, and an audited report every three (3) years, including profit and loss information with respect to forfeited property (by category), and financial information on forfeited property transactions; and

(g) any other pertinent information.

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