Low utilization of project funds/allotments
Department of Public Works and Highways · 2024
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Budget ExecutionIssue: WeaknessThe agency did not spend all the money allotted for projects, mostly because funds arrived late or approvals were delayed. This can hurt future budgets.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Management explained that the low utilization of project funds was primarily due to factors beyond their control, such as the late issuance of additional funds and/or the delayed authority to obligate multi-year contracts."