Inter-agency receivables due from various government entities have remained uncollected and dormant for decades due to weak documentation and follow-up.

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Original Audit Finding Excerpt

"The Property and Accounting Units shall undertake collaborative procedures to ensure that all PPEs included in the RCPPEs are duly recorded in their respective records and that the Property Cards (PCs) maintained by the Property Unit and the PPELCs maintained by the Accounting Unit are reconciled. Based on the comparison of recorded PE accounts of P508.812 million as at December 31, 2022 for Machineries and equipment, Transportation equipment, Furniture and fixtures, and Other property and equipment against the RPCPPE of P384.405 million for the same accounts as submitted by the AD, there is an unreconciled amount of P124.407 million. Details are as follows: The discrepancy of P124.407 million is attributed to the following: Non-submission of the RPCPPE of six SO/ROs Among the RPCPPEs that were submitted by the Financial Services Group (FSG), South Sector and Regions III to VII Offices did not provide their respective physical inventory reports given that they were instructed to"

Source Document