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MISTER Chair, this letter is regarding the May 13, 2021 articles in Marianas Variety and Saipan Tribune which were about your concerns about the finances of the former Northern Marianas Trades Institute and  current Northern Marianas  Technical  Institute.   At that  meeting  you asked, Where s the money and why did NMTI have only $ 13,000 in its bank account when $750,000 had been appropriated and transferred to NMTI during FY 2020. The short answer to your inquiry is: that information is located in the Interim CEO s laptop, which was delivered to the Interim CEO by Trustee Richard Kautz  on April 6, 2021.   That laptop was transferred from R & R accounting services upon  your request.   If the NMTI ....
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. ....