Non-liquidation of funds transferred to implementing agencies/offices
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceDPWH sent money to other agencies to carry out projects, but those agencies have not accounted for how they spent it, even after many years. DPWH is also sending new funds before old ones are settled, and some old accounts remain inactive.
Why It Matters
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Original Audit Finding Excerpt
"However, unliquidated fund transfers aging more than five years were still noted in CY 2024 audit."