Unutilized Cash Allocations of P418.57 Million
Department of Public Works and Highways · 2023
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency had over P400 million in cash allocations that were not used before their validity ended, risking those funds being taken back by the central treasury.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Unutilized cash allocations – P418,568,141.97"