20% Development Fund underutilized
Baliwag City · 2023
Severity: ModerateRecommendation: Unknown
What Happened?
Category: Budget UtilizationIssue: Non-complianceThe city did not spend a significant portion of the money required to be used for development projects, so those projects were not carried out as planned.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"A total of ₱27,370,913.14 or 17.46% of ₱156,794,876.00 total appropriation for the 20% Development Fund ( DF) remained unutilized as at D ecember 31, 2023, thereby defeating the purpose of maximizing its utilization contrary to the provisions of the DBM, Department of Finance (DOF), and DILG Joint Memorandum Circular (JMC) No. 1, dated November 04, 2020."
