Unreconciled and dormant cash balances in Fund Cluster 03
Department of Public Works and Highways · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Unreconciled BalanceThe agency has more than 1.7 million pesos in cash accounts that cannot be matched to records and have been inactive in three regional offices.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"This amount pertains to unreconciled and dormant cash balances reported by Regions V, VIII and IX."