Dormant/Non-moving Inventory Items
Department of Public Works and Highways · 2023
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What Happened?
Category: Inventory ManagementIssue: Non-complianceGovernment stock worth more than 53 million pesos sat unused for years, mostly items transferred from an abolished agency, and management did not deal with them.
Why It Matters
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Original Audit Finding Excerpt
"Existence of dormant/non -moving inventory items aggregating P53,429,098.14, of which P46,266,710.89 were left idle and unused for several years since CY 2013. It was noted that the bulk of non-moving inventory accounts above pertained to supplies and materials transferred from the Road Board, which was already abolished."