THE National Youth Commission has said it has maintained a good track record in its fiscal management amid a report by the Commission on Audit it had spent almost P300,000 for meals and snacks in 2017.
“It is very clear in the Commission on Audit Report that there are no irregularities in the utilization of NYC’s funds,” NYC officer-in-charge Assistant Secretary Ronald Cardema said in a press statement Tuesday.
In its annual audit report, CoA called the attention of the NYC for spending a total of P296,968.30 in more than 126 meetings and activities, 112 of which were considered unofficial.
The CoA also disclosed that the NYC allegedly failed to submit “complete documentary requirements” during the procurement of highly-technical consultants in 2017.
In its comment on the CoA report, the NyC said it agreed to strictly observe prudence in the use of government funds by ensuring that meals and snacks will only be served during authorized meetings and activities.
In addition, Cardema said all concerns on the NYC’s expenditures were properly addressed with CoA as stated in the Audit Observation Memoranda of the audit report.
Cardema added the agency continued to improve its systems and internal processes on spending its P149-million budget and to ensure its compliance on CoA rules and procedures.
He said the Statement of Suspensions, Disallowancess and Charges dated Jan. 5, 2018 and April 4, 2018 issued by CoA for NYC also showed a zero balance in terms of total audit suspensions and disallowances.
Cardema also urged media organizations to take extra steps in verifying information included in CoA reports.