FY13 Performeter Reports have been released for eleven insular areas. These Performeters are based on the FY13 financial statements, and include American Samoa, FSM, Guam, Palau, CNMI, the Virgin Islands and the Marshall Islands.
Performeters are available on the PITI-VITI website at http://performeter.pitiviti.org, and can also be downloaded through the link below.
About the Performeter
The Performeter is an analytical tool that takes a government’s financial statements and converts them into useful and understandable measures of financial performance. The Performeter uses financial ratios and a copyrighted analysis methodology to arrive at an overall rating of 1-10, which indicates the overall financial health and performance of a government.
Since 2002, PITI-VITI has been developing Performeters annually for each of the insular areas. As a result, multiple years of cumulative data is now available for each government. In addition to being able to track overall scores, the Performeter can also be used to track individual trends within ratios: Net Assets, Fund Balances, Revenue Dispersion, Intergenerational Equity, etc.