Ref.
Audit Observations Audit Recommendations Status of Implementation
60. Renegotiate on a fixed interest rate, with Unimplemented
primordial consideration of the Renegotiation on the imposition
Municipality’s capability to repay the loan of quarterly repricing of interest
within the incumbency of the officials’ 3- rates is currently underway.
year term in office. Management had also requested
LBP to reconstruct the loans
availed of by the LGU. Payments
made by the LGU to the LBP in
2023 were marked “Under
Protest” pending resolution of the
matters.
AAR 40. Copies of perfected contracts 61. We recommended that, henceforth, Unimplemented
2019 together with the supporting documents of Management furnish the Auditor with a Management had submitted
p.37 at least 13 infrastructure projects started in copy of contracts together with the copies of contracts, but not
CY 2019 with a total contract cost of supporting documents within the within the reglementary period.
₱66,516,602.89 were not submitted to the reglementary period of five working days
Auditor for review, as required under from perfection, in accordance with Section
Section 3.1.1 of COA Circular No. 2009- 3.1.1 of COA Circular No. 2009-001 dated
001 dated February 12, 2009, hence, the February 12, 2009.
reasonableness of contract prices and
whether or not the contractual covenants
were advantageous to the Municipality
could not be determined.
AAR 41. The Municipality paid a total of 62. We recommended that Management submit Unimplemented
2019 ₱956,800.00 for the purchase of seven the aforementioned lacking documents as The Capital Gains Tax and Estate
p.39 parcels of land to be used as sites for the required under Section 13.1 of COA Tax for lots 5126 and 1515 had
construction of water tanks, barangay Circular 2012-001 to enable us to properly already been paid. The required
health stations, and Early Childhood, Care evaluate the propriety of the claim. documents had yet to be
and Development (ECCD) center, despite submitted to this office.
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