Dormant Due from Regional Offices balance since 1995
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Dormant AccountOne district office has an old negative balance from 1995 that has not moved, and it is asking COA to allow it to be written off.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Account balance solely came from Region VIII. This account represents the receipt of funding check from RO/CO in excess of allotments. The balance has been identified as dormant since 1995. The Samar 1st DEO already submitted a request for authority to write-off on this account to COA office as it was over 20 years outstanding."