Scope of Audit
An audit was conducted on the accounts and operations of the Municipal Government of
Ayungon for 2024. The audit consisted of a review of operating procedures, evaluation of the
LGU’s programs and projects, interview of concerned government officials and employees,
verification, reconciliation, confirmation, inspection, and analysis of accounts, and such other
procedures considered necessary.
Financial Highlights
A comparative analysis of the Statement of Financial Position, as illustrated below, showed
increases in assets and equity and a decrease in liabilities:
2024 2023 Increase/
Accounts
(in ₱) (in ₱) (Decrease)
Statement of Financial Position
Assets 747,654,958.44 684,819,428.20 62,835,530.24
Liabilities 87,859,733.10 98,602,236.09 (10,742,502.99)
Equity 659,795,225.34 586,217,192.11 73,578,033.23
On the other hand, the Statement of Financial Performance reflects decreases in revenue,
surplus, and expenses, as shown below:
2024 2023 Increase/
Accounts
(in ₱) (in ₱) (Decrease)
Statement of Financial Performance
Revenue 238,756,283.99 226,238,926.79 12,517,357.20
Personnel Services 71,736,120.93 71,750,572.44 (14,451.51)
MOOE 154,696,252.97 124,357,294.96 30,338,958.01
Non-Cash Expenses 33,864,117.48 32,991,938.29 872,179.19
Financial Expenses 0.00 0.00 0.00
Transfers, Assistance, and Subsidy
41,367,819.77 13,064,513.31 28,303,306.46
From
Transfers, Assistance, and Subsidy
4,980,831.30 11,225,320.57 (6,244,489.27)
To
Net Surplus/(Deficit) 14,846,781.08 (1,021,686.16) 15,868,467.24
The following table illustrates decreases in the final budget or appropriations and actual
amounts or obligations during the year:
2024 2023 Increase/
Particulars
(in ₱) (in ₱) (Decrease)
Final Budget 359,184,399.36 363,279,395.86 (4,094,996.50)
Actual Amounts 245,350,472.55 259,351,749.92 (14,001,277.37)
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