Unutilized cash allocations
Department of Public Works and Highways · 2023
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Internal Control DeficiencySome cash allocations were not used and had to be returned to the treasury. Management improved planning and monitoring, reducing unutilized allocations from 1.70% to 0.06%, so the problem was largely fixed.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Utilize cash allocations judiciously and diligently to avoid unnecessary reversion thereof to the Bureau of the Treasury (BTr)."