Non-liquidation of fund transfers received from Source Agencies
Department of Public Works and Highways · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe government gave money to DPWH offices to carry out projects, but after the projects were finished, the offices did not report how the money was spent. This left over P162 million unexplained and created old unpaid debts, breaking the rules.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Fund transfers received by DPWH Offices for the implementation of programs and projects in the aggregate amount of at least P 162,403,796.04 remained unliquidated despite the projects or the intended purpose for which the same were granted were already completed contrary to pertinent provisions of COA Circular No. 94 -013 resulting in the accumulation of long outstanding payables."