COA questions P8M advances /Vice Mayor sees no major lapses noted in audit

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Thursday, 18 November 2010 16:42 Roadrunner

(Sun.star Daily, front page | November 18, 2010)

Over P8 million in special cash advances were granted to Cebu City’s elected officials, contrary to the Commission on Audit’s (COA) rules.
City hall pursued about P60 million worth of transactions that did not pass through a pre-audit. These were among the findings in COA’s review of the City Government’s transactions and finances in 2009.
Vice Mayor Joy Augustus Young said he saw nothing major in the COA report, mostly just erroneous recording and procedural lapses.
As far as the Cebu City government is concerned, he added it has exerted effort to follow the procedures.

Last Updated on Wednesday, 05 January 2011 16:28