Home electronic fund COA reports DepEd for unliquidated cash advances P1.9-B

COA reports DepEd for unliquidated cash advances P1.9-B

9
0

State auditors called on the central and regional offices of the Ministry of Education (DepEd) for accumulating more than 1.922 billion pesos in unliquidated cash advances in 2019.

The Audit Commission (COA) noted that 1.158 billion pesos were unliquidated cash advances that had been pending for one to ten years.

“The large amount of unliquidated cash advances is the result of deficiencies in the granting, liquidation and monitoring of cash advances, which is contrary to existing COA rules and regulations and related DepEd guidelines. “said state auditors.

The COA recently published its 2019 audit report on DepEd, which showed that unliquidated cash advances by the central office and 11 regional offices reached 1,922,340,516.26 P.

The report noted that of this figure, at least 250.5 million pesos were “over one year old to over 10 years old,” while 907.8 million pesos were under one year old, for a total of 1.158 billion pesos.

According to the COA, DepEd Region 5 had the highest amount of unliquidated cash advances at P445.521 million, followed by Region 6 with P411.011 million.

State auditors have asked DepEd to strictly adhere to existing COA rules and DepEd guidelines.

Read more

Don’t miss the latest news and information.

To subscribe to REQUEST MORE to access The Philippine Daily Inquirer and over 70 other titles, share up to 5 gadgets, listen to the news, download from 4 a.m. and share articles on social media. Call 896 6000.

For comments, complaints or inquiries, Contact us.



Source link