AT the Northern Marianas Technical Institute board of trustees meeting on Wednesday afternoon, chairman Mario Valentino called for an independent audit of NMTIâs finances.
For fiscal year 2019, the institute received $750,000 from the first to third quarters: $250,000 was processed on Dec. 12, 2019; $250,000 on Feb. 15, 2020; and $250,000 on April 14, 2020.
These funds were for the period of October 2019 through June 2020. NMTI did not receive funds for the fourth quarter.
Valentino noted that after taking into account how much funding was available as well as the obligations that needed to be met, and the schoolâs current balance, the institute spent $750,000 in a year when there was no school due to the Covid-19 pandemic.
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