The Commission on Higher Education (CHED) yesterday maintained that all P3.6-billion Disbursement Acceleration Program (DAP) funds provided for 110 state universities and colleges (SUCs) are properly accounted for.
In a statement, CHED said the unliquidated amount in 2013 has already been reduced and liquidation reports have been properly accomplished as of December 2014.
"Further, the remaining balance or unused funds were automatically reverted to the National Treasury at the end of the year,” added the commission.
The agency stressed that every SUC has its own COA audit team and that one factor that contributed to the delayed submission of reports is the late release of their audited liquidation reports.
The commission earlier said the DAP funds provided the much needed boost to the 2011 and 2012 budget for SUCs and were distributed in accordance with the joint guidelines approved by DBM and CHED.
"This occurred prior to the release of the Supreme Court decision concerning the unconstitutionality of the DAP in July 2014,” the agency said.
In its report released last week, COA said CHED received a total of P4.063 billion from the Department of Public Works and Highways, the Department of Social Welfare and Development and the Philippine Institute for Development Studies in December 2011.//
