Bureau of Fisheries and Aquatic Resources (BFAR) officials may be held liable for their failure to liquidate some P536 million in funds it transferred to various implementing agencies (IAs) and non-government organizations (NGOs) last year.
In the recently released 2018 BFAR annual audit report, COA said the huge amount of unliquidated funds is not yet included in the P1.658 billion in still unjustified expenditures of the agency in the previous years.
Audit records showed that additional fund transfers were granted by BFAR , Regional Field Office VI, and Foreign-Assisted Projects to IAs despite the outstanding unliquidated balance. Of the P20.737 million, P7.515 million was received by RFO VI from DBM and the unliquidated fund pertained to the transfer of money to Aklan State University which requested for extension of fund utilization.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COA flags Capitol for delay in implementing P422-M worth of infra projectsCEBU CITY, Philippines — State auditors have flagged the “undue delay” of the implementation of P422-million worth of infrastructure projects of the Cebu provincial government. In the Commission on Audit’s (COA) Annual Audit Report for 2018, the agency identified 36 infrastructure projects of the Capitol that has incurred significant negative slippage as of December 31, […]
Read more »
COA confirms findings against former, incumbent PhilHealth officialsThe Commission on Audit (COA) has ordered former and incumbent regional officials of the Philippine Health Insurance Corporation (PhilHealth) to refund to the government over P34 million in illegal bonuses distributed to employees in 2009 and 201
Read more »
PTV submits supporting documents to COA as part of corrective measuresThe state-owned People's Television Network Inc. (PTNI) has submitted to the Commission on Audit (COA) supporting documents on the hiring of contractual employees to address concerns about their salary payment in 2018.
Read more »
COA tells Cebu province to return P40.7-M unspent PDAFCEBU CITY, Philippines — State auditors have directed the provincial government to seek authority from the Department of Budget and Management (DBM) to utilize the P40.7 million unexpended
Read more »
DA accumulates over P4 billion in unliquidated fund transferThe Department of Agriculture (DA) may have accumulated the largest amount of unliquidated fund transfers in government, totaling P4.883 billion or 85.45 percent of the total P5.71 billion it distributed to implementing agencies (IA) and non-government organizations.
Read more »
COA flags Capitol for delay in implementing P422-M worth of infra projectsCEBU CITY, Philippines — State auditors have flagged the “undue delay” of the implementation of P422-million worth of infrastructure projects of the Cebu provincial government. In the Commission on Audit’s (COA) Annual Audit Report for 2018, the agency identified 36 infrastructure projects of the Capitol that has incurred significant negative slippage as of December 31, […]
Read more »