Annex A
Status of Implementation/
Ref. Observation Recommendation
Results of Validation
The non-reconciliation of the net difference The Inventory Committee to:
2023 AAR
AO No. 1, of ₱111,615,997.53 between the General 1. Assist the Municipal Accountant in Unimplemented
Page 28 Ledger balance and the Report on the reconciling the difference of
Physical Count of Property, Plant and ₱111,615,997.53 between the Due to a lack of personnel
Equipment (PPE), which goes against the accounting and property records and the
guidelines outlined in COA Circular No. result of the actual physical count;
2020-006 dated January 31, 2020, for the 2. Adopt the uniform numbering system Unimplemented
One-Time Cleansing of PPE, rendered the for property numbers of PPE and require
balance of the PPE accounts with a gross the Property Unit to update the property The recommendation had not
amount of ₱186,677,741.86 as of December stickers based on the prescribed format been acted on because
31, 2023, unreliable and inaccurate. and to include the required information management was waiting for
under Section 5.6 and 5.7 of COA reconciliation to be completed.
Circular No. 2020-006 dated January 31,
2020; and
3. Prepare and submit the approved PIP to Unimplemented
the COA Audit Team within the
prescribed period.
The accuracy and reliability of the LRN Management to:
2023 AAR
AO No. 2, account totaling ₱22,438,979.28 could not 4. Create an Inventory Committee to focus Implemented
Page 32 be ascertained due to various deficiencies on the physical count of local roads; and
noted, in violation of COA Circular No. 5. Enjoin the Municipal Treasurer,
2015-008 dated November 23, 2015, Municipal Accountant, and Municipal
Unimplemented
thereby, affecting the fair presentation of the Engineer to strictly comply with the
account in the financial statements (FS). accounting and reporting guidelines on
the local roads asset management
