COA flags OPAPP for P304M unliquidated cash advances
By John Carlo Cahinhinan
The Commission on Audit has called the attention of the Office of the Presidential Adviser on the Peace Process (OPAPP) over unliquidated cash advances and fund transfers amounting to more than P303.94 million.
In its annual audit report for 2017, COA said OPPAP has unliquidated fund transfers totaling to P267,451,896.29 which have “remained outstanding from two to more than 10 years.”
“Verification of financial records showed that funds transferred totaling P267,451,896.29 in prior years to various Non-Government Agencies (NGAs), Local Government Units (LGUs) and Non-Government/Private Organizations (NGOs/POs) for the implementation of the PAMANA Program/Projects and other activities remained unliquidated as of December 31, 2017,” the report read.
COA said combined amounts with a grand total of Php P6,010,683.87 in the unliquidated fund transfers “have no documents to support its validity.”
“The amounts of P4,360,462.26 and P1,650,221.61, represent accounts subject for reconciliation in the books, which existed before CY 2010, the records of which were no longer available,” the report read.
Given the length of time that the fund transfers were unliquidated, COA said “it can be surmised that either the projects were implemented but liquidations were not submitted and/or recorded, or not implemented at all.”
Meanwhile, “aging” unliquidated cash advances amounting to P36,489,975.58 was also uncovered by COA as of 2017 as of December 31, 2017.
The agency said the amount was 58 percent of the total account balance of P62,449,315.29 “had been outstanding for 61 days and above.”