Skip to content
The Mindanao Examiner Regional Newspaper

The Mindanao Examiner Regional Newspaper

Title

Name

Primary Menu
  • Home
  • Mindanao
  • Visayas
  • National
  • Features
  • Opinion
  • Business
  • International
  • SciTech
  • Health & Wellness
  • Sports
  • About Us
    • Regional Advertising Rates
    • Contact Us
    • Profile
  • Home
  • Uncategorized
  • COA says P5 billion in cash advances remain unsettled
  • Uncategorized

COA says P5 billion in cash advances remain unsettled

Editor November 2, 2014
Mindanao-2Bcopy18

MANILA – The Commission on Audit said as much as P5 billion in cash advances by government executives and employees remain unsettled well beyond the prescribed period.

And Rep. Roman Romulo said government officials and staff, including former heads of state-run corporations, may have put the taxpayers’ money to personal use.

“The legal presumption is as clear as day. Under the Revised Penal Code, if you are a public officer and you’ve been advanced cash, and you fail to account for the money, then you must have put it to personal use,” Romulo said.

Exasperated by the brazen disregard of the law and pertinent COA orders on the timely liquidation of all advances, Romulo now wants to hold the erring public officers instantly liable for stealing the funds obtained.  

“We’ve already filed House Bill 1287, which make the infraction prima facie proof of embezzlement of the money received,” Romulo said. “The failure to settle a cash advance will be sufficient evidence that the recipient pocketed the money, unless the proof is rebutted.”

This means the Office of the Ombudsman may already initiate a criminal charge for malversation of funds, according to Romulo.

He said depending on the amount involved, malversation of public funds carries the maximum penalty of life imprisonment and perpetual disqualification from public office, plus a fine equal to the sum misused.

Also under Romulo’s bill, advances in all government offices have to be liquidated within the following prescribed deadlines – for salaries and wages – within five days after each 15th day of the month pay period; for petty operating expenses and field operating expenses – within 20 days after the end of the year; for special operations, and operating expenses or purchases of supplies, materials and the like in the amount exceeding P100,000 – within 20 days after completion of the operation or delivery and acceptance of supplies, materials and the like.

And for local travel – within five days upon the officer’s return to official station; for foreign travel – within 60 days upon return to official station; and for other advances – within six months after performance of the purpose for which the advance had been granted.

He said under a COA circular, a cash advance is settled either by returning the money if unspent, or by presenting vouchers, with details as to the items thereon paid, which must be in accord with the purpose for which the money was released, and further backed by proper receipts and other evidence of payment, subject to the result of a post-examination thereof by the auditor concerned. (Mindanao Examiner)

Like Us on Facebook: https://www.facebook.com/mindanaoexaminer
Follow Us on Twitter: https://twitter.com/MindanaoExamine
Read Our News on: http://www.mindanaoexaminer.com and http://www.mindanaoexaminer.net

fb-share-icon
Tweet 20

Continue Reading

Previous: Abu Sayyaf kills 6 Filipino soldiers in Basilan clash
Next: US military man figures in road accident in Zamboanga City

Related News

  • Uncategorized

Stop attacks if you want peace talks to resume, Palace to Reds

Editor December 16, 2019
  • Uncategorized

2 NPA rebels yield in South Cotabato

Chief Editor December 6, 2019
  • Uncategorized

Publiko pinagiingat sa mga ‘investment scheme’

Chief Editor November 21, 2019

Trending News

PH backs ASEAN-wide visa, eyes tourism boost from unified entry DOT 1

PH backs ASEAN-wide visa, eyes tourism boost from unified entry

May 19, 2025
DBM OKs 16K new teaching positions for SY 2025-2026 DBM-logo 2

DBM OKs 16K new teaching positions for SY 2025-2026

May 19, 2025
Beneficiaries all praises for PBBM’s 4PH housing units 4Ph1 3

Beneficiaries all praises for PBBM’s 4PH housing units

May 19, 2025
Buyers give well-textured P20/kg rice stamp of approval Kadiwa-ng-Pangulo 4

Buyers give well-textured P20/kg rice stamp of approval

May 19, 2025
Oaminals, Team Asenso undefeated, clinch ‘historic’ victory in MisOcc midterm elections Team-Asenso 5

Oaminals, Team Asenso undefeated, clinch ‘historic’ victory in MisOcc midterm elections

May 17, 2025
  • Facebook
  • X
  • YouTube
  • Blog
Copyright © 2025. The Mindanao Examiner Regional Newspaper. All Rights Reserved.