About P1.65 billion in funds transferred by the Department of Transportation and Communications (DOTC) to various government agencies, corporations and units-- including funds that have been unsettled for a year to over 10 years--remained unliquidated as of year-end 2013, state auditors said.
Based on the 2013 audit report on DOTC by the Commission on Audit (COA), DOTC-Proper has a total of P1,640,091,818.32 outstanding inter-agency receivables while the Land Transportation Office (LTO) has P2,948,683.40 and the Land Transportation Franchising and Regulatory Board (LTFRB), P4,129,210.70 that amount to P1,647,169,712.42.
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