Dormant and Inactive Bank Account Balances
Department of Public Works and Highways · 2024
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Internal ControlSome bank accounts have had no activity for a long time, leaving money sitting idle. These should be reviewed and either closed or put to proper use instead of remaining inactive.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"Some accounts also reflect inactive or dormant balances, as well as funding for specific programs such as farm-to-market roads and school buildings."