Attached to the Department of Human Settlements and Urban Development, the SHFC administers the Community Mortgage Program and the Abot-Kaya Pabahay Fund Program, which are amortization support and developmental financing programs, respectively.
It was to “cushion the impact brought about by the temporary loss of earning capacity because of the ECQ” implemented in April and May 2020 and to supplement food packs from local government units given to poor families. The SHFC was told to submit the legal basis for the financial assistance given to member beneficiaries, “otherwise the transaction is considered irregular in the absence of legal authority.”The COA also reminded the state-run corporation to disburse funds from the GAD budget in accordance with its allowed uses relating to gender and development programs.
In the same audit report, the COA also called out P 1.526 million in COVID-19 financial aid granted to 454 employees hired through the institutional contract of service. “The payment was made directly to the ICOS employees despite the fact that there is no employer-employee relationship between SHFC and the personnel of the DBPSC and DBPSCSSI, The disbursement voucher is in the name of the Land Bank of the Philippines, and the bank directly credited the payment to the individual account of the personnel of the ICOS,” the COA noted.
JMAurelioINQ Natauhan nb ang taga tuos sa pggasta ng public fund ng govt ang natutulog sa pansitan na mga state auditors ng Commission on Audit ? ANG LUPIT NINYO MAG ALLOWED/ DISALLOWED SA INCOME VS EXPENDITURE CASH FLOW PALA TAMEME KAYO SA CE. Where is the law ?
JMAurelioINQ Nakow sa tutuo lng ung mga barya2x ang ina audit kuno ng coa. Samantalang ang ang sanlaksang salapi prang wala lng. Bingi pipi at bulag ang const offc nato sa current admin. NASAAN ANG COA ? Under preventive suspension ni ombusman o na hard lockdown ni IATF gen g salazar ?