Unremitted Committed Equity from Developer
National Housing Authority · 2024
Severity: HighRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe developer still owes the government over 15 million pesos that it promised to contribute to the project.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"In addition, P15.637 million of the developer’s committed equity remains unremitted."