Mischarged Disbursements Reduced Fund Utilization for Iloilo Resettlement Project
National Housing Authority · 2022
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What Happened?
Category: Financial ManagementIssue: Non-complianceDisbursements for housing projects were charged to the wrong funding allotments, which improperly reduced the reported fund utilization.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"The fund utilization for CY 2021 and prior years was reduced by P65.792 million due to identified CYs 2013 and 2014 disbursements of land development and construction of housing units that were charged in the allotment for the Iloilo Resettlement Project under DAP and Resettlement Program under regular appropriations."