Dormant Receivables from LGUs, GOCCs, NGAs, and Inter-Agency Accounts Remain Uncollected
National Housing Authority · 2023
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency has old receivables that have not been collected for many years, and there is insufficient documentation and follow-up to ensure collection or write-off.
Why It Matters
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Original Audit Finding Excerpt
"The Due from LGU of P247,000, which has remained dormant for 18 years, pertains to the remaining infrastructure works and other repair works of Tangos Zonal Improvement Program granted to the Municipality of Navotas."