Improper Charging of Indirect Expenses to Developer Relocation Fund
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency used money meant for relocating people to pay for salaries, allowances, and other operating costs, which should have come from a different budget.
Why It Matters
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Original Audit Finding Excerpt
"It was also observed that several indirect expenses such as wages, allowances, honoraria, and Maintenance and Other Operating Expenses (MOOE) were charged against the developer relocation fund, instead of the subsidy fund or other administrative sources."