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[h=1]AGO REPORT: MDA AWARDED GRANTS BUT DIDN'T FOLLOW UP ON THE DELIVERY OF THE PROJECTS[/h]
Post date:
17 Jul 2014 - 7:01pm
Background Story: AGO Finds Serious Irregularities In Public Fund Usage By MINDEF, CPF, NLB, MDA
The Media Development Authority was one of the statutory boards identified by the Auditor-General's report as having lapses which have lead to a waste of public funds.
The main leakage of public funds from within the MDA was in the failure to follow up on projects that it had approved grants for.
The AGO audited 28 projects all together and found that 5 of those had not been submitted to the MDA over 12 months after the due dates. 2 more were found to have been submitted up to 6 months late. These projects had been receiving public money from the MDA in the form of grants.
The AGO wrote that there was "no evidence" to suggest that MDA had done anything to follow up on these cases promptly
This means that there is pretty much no incentive for grant recipients to stick to their deadlines and could open the door to more applicants simply applying for public funds and then not putting in any effort to deliver the projects.
Overall, the lack of MDA oversight of grant recipients means that about $39,500 was wasted in the 14% of projects that the AGO actually audited.
How much more public money was actually wasted last year thanks to MDA's lax oversight?
The MDA clarified that since the findings, they have already tightened controls over the management of grants and they will be launching a grant management system in December to streamline the process.
Will it be enough?
Post date:
17 Jul 2014 - 7:01pm
Background Story: AGO Finds Serious Irregularities In Public Fund Usage By MINDEF, CPF, NLB, MDA
The Media Development Authority was one of the statutory boards identified by the Auditor-General's report as having lapses which have lead to a waste of public funds.
The main leakage of public funds from within the MDA was in the failure to follow up on projects that it had approved grants for.
The AGO audited 28 projects all together and found that 5 of those had not been submitted to the MDA over 12 months after the due dates. 2 more were found to have been submitted up to 6 months late. These projects had been receiving public money from the MDA in the form of grants.
The AGO wrote that there was "no evidence" to suggest that MDA had done anything to follow up on these cases promptly
This means that there is pretty much no incentive for grant recipients to stick to their deadlines and could open the door to more applicants simply applying for public funds and then not putting in any effort to deliver the projects.
Overall, the lack of MDA oversight of grant recipients means that about $39,500 was wasted in the 14% of projects that the AGO actually audited.
How much more public money was actually wasted last year thanks to MDA's lax oversight?
The MDA clarified that since the findings, they have already tightened controls over the management of grants and they will be launching a grant management system in December to streamline the process.
Will it be enough?
