{"id":64052,"date":"2015-11-02T04:21:56","date_gmt":"2015-11-02T10:21:56","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=64052"},"modified":"2015-11-02T04:21:56","modified_gmt":"2015-11-02T10:21:56","slug":"coa-p384-million-donations-left-sitting-in-banks","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/11\/02\/coa-p384-million-donations-left-sitting-in-banks\/","title":{"rendered":"COA: P384-million donations left sitting in banks"},"content":{"rendered":"<p class=\"p1\">MANILA, PHILIPPINES &#8211; More than P384 million donations has kept in the bank account of the Office of Civil Defense (OCD) instead of distributing the money for the relief and rehabilitation of the victims of calamities and disasters, according to the Commission on Audit (COA).<\/p>\n<p class=\"p1\"><span class=\"s1\">In the 2014 report released recently by COA, the funds have been accumulating since 2008 due to its low utilization rate of only 17.39%.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to financial records, out of P466 million, only P81 million was spent in the last six years, leaving a balance of P384 million.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The biggest chunk of money received by the OCD was P137 million, from various government agencies and from other donations for the victims of Typhoon Yolanda which devastated the country two years ago.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The COA report indicated the OCD released only P38.755 million as of Dec. 31, 2014, leaving a balance of<span class=\"Apple-converted-space\">\u00a0 <\/span>P98.24 million. The donations remain deposited in a trust account of the Development Bank of the Philippines (DBP) where it earned P1.709 million of interest.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">State auditors said, \u201cUtilization of the donations from foreign and local donors in the total amount of P81,068,471.49 was low, depriving the calamity victims of the much needed assistance to alleviate their difficulties.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The OCD said to COA that the failure of immediate release of the calamity fund was due to beneficiaries or claimants\u2019 lack of compliance with the requirements.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">State auditors said that OCD should review and overhaul its system so the money would reach its intended recipients without having many requirements that would make them have difficulties in claiming the funds intended for rehabilitating their lost properties.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Negros Occidental Rep. Alfredo Benitez called OCD \u201ccalamity underspending.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThis merits a full-blown investigation. Our country has been hit by calamity after calamity. There is no explanation and certainly no excuse that will justify why the money was not given to those who needed it most,\u201d Benitez said in a report by The Philippine Star.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Reps. Rodito Albano of Isabela; Lito Atienza (Buhay party-list); Ben Evardone (Eastern Samar); Leah Paquiz (Ang Nars party-list), and Ferdinand Martin Romualdez (Leyte), said the COA only reported and confirmed that government agencies have remiss in assisting calamity-hit areas.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">According to the representatives, the COA report shows the \u201cvery low\u201d utilization rate of OCD only having 17.39% despite of P466.019 million of donations received by them.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Aside from the Typhoon Yolanda, among the calamities that were underspent were the Zamboanga siege, P158.924; and the Bohol earthquake at P4.983 million. Both occurred in 2013.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">In a report by The Philippine Star, it indicated that the COA also reported the agency\u2019s Quick Response Fund (QRF), which accumulated to P923,153,721 as of Dec. 31, 2014 \u201cwas not utilized as envisioned and became idle.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">State auditors also reported there was clearly \u201cno planned action of activities for the releases of funds resulting in the low rate of utilization.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, PHILIPPINES &#8211; More than P384 million donations has kept in the bank account of the Office of Civil Defense &hellip;<\/p>\n","protected":false},"author":44,"featured_media":51005,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,95],"tags":[249],"class_list":["post-64052","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news-ph","tag-rewrite","mauthors-mavelle-p-durian","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/64052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=64052"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/64052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/51005"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=64052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=64052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=64052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}