Lack of plan for utilizing collections for housing construction
National Housing Authority · 2023
Severity: HighRecommendation: Not Implemented
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency collected money from housing beneficiaries but did not have a plan to use that money to build more houses as required by its mandate.
Why It Matters
Recommended Actions
- Fast track the implementation of an accounting and information system that will facilitate the generation of reliable data, records and reports, as well as provide audit trails.
Original Audit Finding Excerpt
"There was no plan on how to utilize the collections from awardees and beneficiaries for the construction of additional HUs pursuant to the mandate of the Authority."