COA flags NKTI over uncollected rental fees | Inquirer News

COA flags NKTI over uncollected rental fees

/ 05:16 AM May 15, 2021

MANILA, Philippines — State auditors reminded the National Kidney and Transplant Institute (NKTI) to improve its billing and collection system on vendors and physicians renting space at the tertiary specialty hospital.

The Commission on Audit (COA) had learned that the NKTI has P17.101 million in outstanding receivables in rental fees from doctors renting space for clinics and vendors’ stalls. This is apart from P2.111 million in electricity and water charges of tenants that remain uncollected as of December 31, 2020.

“Because of poor or inefficient collection of the rental income from lease of consultant’s clinics and vendor stalls and the corresponding light and water receivables from the lessees, the NKTI has been deprived of additional funds to finance its other programs, projects, and activities,” the COA said in its 2020 audit report on the NKTI.

—Julie M. Aurelio

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TAGS: COA, NKTI

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