• Aquino’s travel funds unliquidated – COA


    Fund transfers amounting to P138 million for former president Benigno Aquino 3rd’s foreign travels remained unliquidated as of 2016, the Commission on Audit (COA) said.

    COA’s 2016 audit report on the Office of the President (OP) said that sums for foreign trips were transferred to designated embassies and consulates.

    “For CYs (calendar years) 2011 to 2015 a total of P138,027,229.03 fund transfers remained unliquidated as of December 31, 2016 for the foreign travels of the then President. Since all Presidential foreign trips during the past administration were completed, the said amount should have been expended. However, settlement thereof could not be made due to the non-submission of the liquidation reports or the disbursement reports of the authorized SDOs [special disbursing officers]of the DFA [Department of Foreign Affairs],” COA said.

    “Lack of monitoring of the status of fund transferred to different IAs [implementing agencies]and project implementation resulted in the accumulation of unliquidated balances and undetermined amount of unrecorded expenses,” it added.

    COA urged the OP to require its accounting division to identify the IAs that were granted with fund transfers.
    It told the OP to “coordinate with concerned Embassies and Consulates on the submission of liquidation reports of fund transfers for travel expenses.”

    COA also found, among others, P33.9-million unliquidated balances of fund transfers to abolished agencies and taskforces, including the Presidential Anti-Smuggling Group (P9.9 million), Mindanao Economic Development Council (P155,233.60), Minerals Development Council (P542,517), Luzon Urban Beltway Super Region (P5.97 million), Urban Triangle Development Commission (P200,000), and the Presidential Anti-Graft Commission (P1 million).


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