Viral Portal News: liquidate

DILG yet to liquidate P7-B worth of funds from Roxas’ term

Unknown 1:54 PM DILG , from , funds , liquidate , Roxas’ , term , worth

<ul><li style="text-align: justify;">A COA report said that the DILG failed to liquidate P7-billion worth of funds in 2014</li> <li style="text-align: justify;">The commission said that the funds were transferred to government agencies and private organizations</li> <li style="text-align: justify;">The COA said that liquidation reports should have been submitted 10 days after the end of the projects</li> </ul>With only three months left before the end of the Aquino administration, the Department of Interior and Local Government (DILG) still needs to liquidate over P7-billion worth of funds that were spent during the term of former Secretary Manuel “Mar” Roxas II. In an article written by Elizabeth Marcelo for <a href="http://www.gmanetwork.com/news/story/559470/news/nation/dilg-yet-to-liquidate-p7-b-worth-of-fund-transfers-from-roxas-term-coa-report">GMA News Online</a>, it was disclosed that the Commission on Audit’s (COA) Annual Audit Report speaks of unliquidated fund transfers within the DILG in 2014, which should have been liquidated within 10 days only after the end of the projects. “The receivables accounts accumulated to a huge amount of P7.040 billion because the management failed to monitor the liquidations of the fund transfers and submission of the corresponding financial reports contrary to COA Circular No. 94-013,” the COA stated. Under the circular, implementing agencies of government projects are required to submit reports on disbursements and issued checks within 10 days after the end of each month, or after 10 days from the agreed period of the projects. According to the COA, the funds were transferred to the accounts of national government agencies, regional DILG offices, local government units, and other non-government and private organizations. The audit report also stated that the funds were meant for the implementation of various DILG projects, including the provision for a potable water program (SALINTUBIG), PAyapa at MAsaganang PamayaNAn (PAMANA), Bottom-Up Budgeting (BUB), Rehabilitation Assistance on Yolanda (RAY), and the Public Transport Assistance Program (PTAP). “This is an indication that the DILG failed to monitor the implementation of the projects,” the COA concluded. Last December, the COA also said that the office of Vice President Jejomar Binay also failed to liquidate P102-million worth of fund transfers, which were downloaded to different national agencies and the Makati City government in 2014. Among the said amount, P95.09 million were sourced out from the Priority Development Assistance Fund (PDAF) of the second-highest executive office in the country between 2012 and 2013. <a href="http://kickerdaily.com/dilg-yet-to-liquidate-p7-b-worth-of-funds-from-roxas-term/" rel="nofollow">Kicker Daily News</a>

A COA report said that the DILG failed to liquidate P7-billion worth of funds in 2014 The commission said that the funds were transferred to...