Non-optimal utilization of the 20% Development Fund
Baliwag City · 2024
Severity: HighRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: Non-complianceThe city did not spend all the money that was set aside for development projects, so residents missed out on possible improvements and services.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The failure of Management to fully utilize the 20% DF for the implementation of development projects affected the attainment of the objective of the fund which is to help achieve the desirable socio-economic targets and outcomes of the City. Hence, it deprived the constituents of the benefits and services that could have been derived from the projects."
