COA questions Davao City gov't's P9.48-B assets, COVID-19 disbursements in 2020 – Manila Bulletin
Published May 6, 2021, 9:11 PM The Commission on Audit (COA) has questioned the Davao City government’s assets amounting to more than P9.48 billion or 40 percent of its total assets recorded as of Dec. 31, 2020 as well as its millions of coronavirus disease (COVID-19) disbursements last year. COA (Manila Bulletin File Photo) Based on the 2020 audit of the Davao City released on Wednesday, May 5, the Davao City’s Property, Plant, and Equipment (PPE) accounts amounting to more than P9.48 billion “cannot be ascertained as to its validity, correctness and existence.” “Amidst the COVID-...