Unutilized Cash Allocations
Department of Public Works and Highways · 2024
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What Happened?
Category: Financial ManagementIssue: IneffectivenessOver P2 billion in cash allocations set aside for projects was not used in 2024, due to typhoons and changes in project schedules.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"Despite these measures, P2.16 billion (0.28% of P769.98 billion total NCAs) remained unutilized in Ls Central Office in 2024, with 93. at of this occurred under Fund Cluster 01 in the 3rd Quarter due to: Delays from typhoon = Carina and storm Enteng which hampered project execution and billing; and Rescheduling of major infrastructure projects that reduced immediate disbursement needs"