Dormant and unsupported receivables from NGAs
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: Financial ManagementIssue: Unliquidated Fund TransferThe agency has old receivables from other government agencies that lack paperwork and include cash transfers from more than ten years ago that were never liquidated.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"dormant accounts lacking supporting records, and prior years’ unliquidated cash transfers for MVUC projects over ten years old, with no liquidation reports received despite repeated follow-ups."