Dormant Balances Not Fully Adjusted
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency has about P966 million sitting in old, inactive accounts for completed projects. It cleaned up around P488 million, but the rest is still there with no clear action taken.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"proposed for NDRRM Fund allocation undergo thorough selection in accordance with the guidelines set forth in the NDRRM Circular No. 110 s, 2021. For Central Office, in Tesponse to the CO, Various | 08/31/ | 12/31/ | Partially with various DPWH | Management of DPWH CO, ROs and|2025 | 2026 | Implemented Department Orders | RO and 4 DEOs in Region V, DEOs concerns on the non- 4 DEOs in Region II, 3 DEOs adherence to in Region Il, 4 DEOs in prescribed _ project Region VI, 2 DEQs in Region closure timelines as IX, and 4 DEOs in Region X Stipulated under agreed to promptly DPWH __ Department implement corrective actions Order No. 166, series addressing the identified of 2024, the Finance deviations from various Service has issued a Department Orders, and to memorandum formulate strategies that will directing all prevent the recurrence of implementing offices similar issues in the future. to submit advance copies of project completion documents such as Certificate of Completion, Statement"