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COA flags Iloilo capitol for P56.83-M unsettled education fund releases

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The Commission on Audit (COA) has called out the Iloilo Provincial Government over unsettled Special Education Fund (SEF) amounting to P56.83 million.

Regular monitoring and analysis of the SEF’s fund transfers were not conducted, said state auditors.

This violates COA Circular 2016-005 that provides for the guidelines and procedures on the write-off of dormant receivables accounts, unliquidated cash advances and fund transfer.

Thus, the propriety and existence of the projects implemented thru the education funds were not validated, and demand was not made to liquidate outstanding for over one year.

In its annual audit report, COA asked the governor to direct the Local School Board secretariat to coordinate with the Provincial Planning and Development Office Monitoring Division to validate all fund transfers from the SEF.

The provincial accountant was also tasked to reconcile their records with the implementing agencies.