Unutilized Fund Balances from Completed Housing Projects
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThere is about P77.5 million left over from finished projects that has not been used for other important projects or returned to the government's general fund, which is against the rules.
Why It Matters
Recommended Actions
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Original Audit Finding Excerpt
"The implementation of three housing projects, which received SARO and NCA from CYs 2013 to 2017, was determined to be completed. However, a total of P77.505 million in fund balances remained unutilized."