Underutilization of the 20% Development Fund
Baliwag City · 2024
Severity: HighRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: Non-complianceThe city set aside money for development projects, but a large portion of that money was not used. This defeats the purpose of the fund, which is to promote the welfare of residents.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"A total of ₱87,020,446.40, or 38.25% of the total appropriation s of ₱210,393,291.11 for the 20% DF , remained unutilized as at December 31, 2024, thereby defeating the purpose of maximizing its utilization contrary to the pertinent provisions of the DBM , Department of Finance (DOF), and DILG Joint Memorandum Circular (JMC) No. 01, dated November 4, 2020."
