Latest Breaking News On - Ull implementation and compliance with the state auditors 39 recommendations after agency receiveda quot disclaimer of audit opinion in past year npf has also made significant strides addressing its fiscal challenges is finally on way to closing gap budget utilization froma 56 86 percent obligation rate 2020 - Page 1 : comparemela.com
MANILA - The Nayong Pilipino Foundation (NPF) earned a "qualified opinion" audit rating from the Commission on Audit (COA) for its financial report for the fiscal year 2021, the foundation's highest since 2016. Under the helm of the then newly-installed Executive Director Gertie Duran-Batocabe, it has improved its performance through strategic interventions, full implementation and compliance with the state auditors' recommendations after the agency received a "Disclaimer of Audit Opinion" in the past year. NPF has also made significant strides in addressing its fiscal challenges and is finally on its way to closing the gap in budget utilization. From a 56.86 percent obligation rate in 2020, the agency's budget utilization is up at 90 percent in 2021. In a speech, Duran-Batocabe acknowledged the efforts of the employees, thanking them and said: "This honor is yours." Since the start of the coronavirus pandemic, NPF, an attached agency of the De