Annex A
Status of Implementation/
Ref. Observation Recommendation
Results of Validation
asset accounts to their correct carrying proving the implementation of
amounts. the recommendations had not
been submitted as of date.
The Cash in Bank balances showed a 9. The Municipal Accountant reconcile Unimplemented
2023 AAR
AO No. 4, difference of ₱15,072,769.53 against the their records with the bank statements to
Page 36 confirmed balances from the depository determine the valid reconciling items for The required documents had
bank, which remained unadjusted because adjustments in the books of accounts not been submitted as of date.
Bank Reconciliation Statements (BRS) and submit the BRS to the COA Auditor
were not prepared, inconsistent with Section every month, together with copies of the
74 of PD No. 1445 and Sections 3.2, 3.3, and bank statements, subsidiary ledgers of
3.4 of COA Circular No. 96-011 dated each depository account, and original
October 2, 1996, thus presenting an copies of the debit and credit memos
inaccurate and unreliable balance in the pursuant to COA Circular No. 96-011
financial statements. dated October 2, 1996.
Current Accounts (LCCA) showed The Municipal Treasurer and Municipal
2023 AAR
AO No. 5, unreconciled differences of Accountant to:
Page 37 ₱(25,109,917.27) and ₱(3,050,337.84), 10. Trace the differences between the Cash Unimplemented
respectively, against the cashbook balances Local Treasury and Cash in Bank-
due to non-reconciliation of both records on LCCA accounts;
a regular basis, inconsistent with Section 11. Conduct properly the quarterly Unimplemented
143 (A.7) of the Local Treasury Operations reconciliation between the treasury
Manual (LTOM), 2nd Edition, hence, records and accounting records in
balances at year-end are unreliable. compliance with Section 143 (A.7) of
the LTOM; and
