Education Financial Supervisory Commission
Pursuant to Public Law 30-164, the Education Financial Supervisory Commission (EFSC) was created to monitor the financial health of the Guam Department of Education (GDOE). The role of the EFSC is to develop and supervise a financial status designation of GDOE finances as well as to identify – in advance – any signs of financial distress that may lead to operational deficits. The EFSC is mandated to advise GDOE officials and the Guam Education Board to implement corrective measures.
The creation of this Commission was also a response from I Liheslaturan Guåhan to expeditiously respond to the “high-risk grantee” designation that was placed upon GDOE in 2010.