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CUC: Works on 25 OPA reports ongoing
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Posted on Apr 12 2001
The Commonwealth Utilities Corporation is yet to submit sets of regulating guidelines for the accurate operation of the public firm as auditing of questionable dealings continue.
To date, at least 25 cases remain open including unliquidated advances of CUC employees and implementing guidelines for the regulation of official representation.
Based on the Office of Public Auditor’s Report on Agencies’ Implementation of Audit Recommendations, the utility corporation is yet to provide the OPA a copy of regulations on proper monitoring of advances and business entertainment expenses.
On OPA’s Independent Auditor’s Report on Internal Control and on Compliance Over Financial Reporting Based Upon the Audit Performed in Accordance with Government Auditing Standards, at least 24 cases remain delinquent with recommendations yet to be submitted.
Of the said cases, the utility corporation submitted responses on accurate billing system, landowners’ cases, collection of balances, procurement policies, account records and all related expenditures.
Public Auditor Mike Sablan said all recommendations made since 1988 were complied although these cases will still be scrutinized to determine if all necessary actions were taken.
However, OPA was forced to drop moves to recover from former CUC official more than $30,000 advances. According to the Attorney General’s Office, the case was rejected since it went beyond the six-year Statute of Limitation for most civil actions.
Aside from the advances and travel expenses of CUC officials and employees, 26 CUC cases remain delinquent despite release of audit reports as early as 1988.
CUC provided OPA procedures to address misstatement of revenue and accounts, periodic monitoring of delinquent accounts, review of water rates, results on exploration of sources and evaluation of cost proposals, among others.
Provided also by the CUC was the copy of the promissory note agreement between the CUC and the Commonwealth Development Authority regarding the precise nature of the $10 million note. (EGA)
