Unliquidated fund transfers to Regional Offices for infrastructure projects
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Unliquidated Fund TransferThe central office transferred nearly 2.8 billion pesos to regional offices for projects, but these transfers have not yet been liquidated.
Why It Matters
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Original Audit Finding Excerpt
"Balance is attributable to Central Office only and consists of unliquidated fund transfers as at December 31, 2024 for the implementation of various infrastructure projects."