By Nel Andrade ANTIPOLO CITY, Rizal — The provincial government has belied a published report that it has been keeping more than P107 million in funds instead of returning the amount to the national coffers. Rizal Governor Rebecca Ynares (photo courtesy of Rizal Provincial Government Official Website) In a statement sent to the Manila Bulletin, Rizal Governor Rebecca Ynares said the 2017 COA findings have already been rectified and resolved and that the questioned amount, properly turned over to the Bureau of Treasury (BTr). Ynares’ reaction came as a news report was published on September 2 on Manila Bulletin that claims that COA ordered the provincial government to surrender to the national treasury, over P107 million in funds. The provincial government said 69 percent of the more than P107 million, composed of several programs and infrastructure projects, such as school buildings, roads, health services, and others were implemented and paid this year, while the amount of Php 27,087,554.94 representing the balance of other implemented programs and projects, including the Php400,203.90 Priority Development Assistance Fund (PDAF) were already returned to the BTr and other concerned national agencies. Provincial Treasurer’s Office also said that the remaining balance is being processed and will soon be returned to the BTr accordingly after verification of sourced documents. The rectification of the COA findings was made shortly after the provincial government received COA’s Audit Observation Memorandum on May 21, the Manila Bulletin learned from the Provincial Treasurer’s Office. “At present, the province has reached 81% utilization of its 20% Development Fund involving completion of 145 projects which greatly benefited the public,” Ynares said. The provincial government also explained that its system of payment for infrastructure projects is done through “Turn-Key” basis, as approved by the Sangguniang Panlalawigan, which explains the reason why fund utilization is not immediately reflected in the book of account of the province since payments are only effected until and after the projects have been fully completed and turned over by the contractor and accepted by the provincial government. Ynares said she will continue to do her duty and continue to implement programs, projects, and activities that will provide progress for the province and its people especially now that Rizal Province has recently been adjudged as the country’s “Most Competitive Province” for three consecutive years now by the National Competitiveness Council-Philippines.