Sat. Feb 27th, 2021
COA to Millennium Challenge Account-PH: Return P600M DAP funds
(Photo Courtesy: http://www.rappler.com)

The Commission on Audit (COA) has been calling the attention of two private or nongovernment organizations for not submitting the liquidation report for the P2.767 billion advanced to them for the hosting of the 2019 Southeast Asian (SEA) Games in the Philippines.

And more than 13 months have passed since the hosting of the 2019 SEA Games.

The two private groups are the Philippine SEA Games Organizing Committee (Phisgoc) that has not yet accounted for the P2.2 billion in financial aid, and the Philippine Olympic Committee (POC) that has to account for P535 million.

Phisgoc was chaired by former House Speaker and current Taguig-Pateros Rep. Alan Peter Cayetano.

“[Financial assistance] released to Phisgoc and POC in 2019 in the total amount of P1,815,169,762.67 [and] P535,413,045.56, respectively … remained unliquidated as of year-end despite completion of the intended

purpose,” COA said in a report.

State auditors further said that the government “granted additional [assistance] to Phisgoc from Jan. 29, 2020, to June 19, 2020, in the total amount of P417,546,728.08 despite nonliquidation of previous assistance, thus further increasing Phisgoc’s unliquidated accounts to P2,232,716,490.75.”

When the Philippine Sports Commission (PSC) demanded that Phisgoc and POC submit liquidation reports, Phisgoc replied on June 25 saying that the PSC should first remit unreleased funds to Phisgoc so that it could settle its obligations with contractors and suppliers.In its reply, the COA said: “It is expected that related expenses were already paid/settled by Phisgoc and POC. As such, there is no reason to wait for the remaining support from the PSC because the same are intended for other purposes.” SOVEREIGNPH

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