17. Moreover, in CY 2024, the City secured two loans totaling ₱280,608,000.00 from the Land
Bank of the Philippines with the following details:
Date Payment Interest
Purpose of Loan Amount
Granted Terms Rate
Construction of New Bais City Sports Complex 6/25/2024 ₱ 131,535,000.00 15 years 6.75%
Construction of New Bais City Sports Complex 10/30/2024 149,073,000.00 15 years 6.35%
Total ₱ 280,608,000.00
18. As of December 31, 2024, the City has an outstanding loans payable of ₱505,608,000.00.
Summary of Suspensions, Disallowances and Charges
19. The reported audit suspensions, disallowances, and charges of the LGU as of December
31, 2024, were as follows:
Ending NS/ND/NC Issued NS/ND/NC Settled Ending
Balance (As from 01/01/2024 to from 01/01/2024 to Balance (As of
of 12/31/2023) 12/31/2024 12/31/2024 12/31/2024)
Suspensions ₱641,790.87 0.00 0.00 ₱641,790.87
Disallowances 9,466,139.43 0.00 0.00 9,466,139.43
Charges 455,138.91 0.00 0.00 455,138.91
20. Further, the table below shows the respective balances of suspensions, disallowances, and
charges of ₱641,790.87, ₱9,466,139.43, and ₱455,138.91 with breakdown as to timing and
age as follows:
Timing Age NS ND NC
07/01/2022 to 12/31/2024 Less than 1 year to
(Current Administration) 2.5 years
07/01/2019 to 06/30/2022 More than 2.5 to
5.5 years
07/01/2016 to 06/30/2019 More than 5.5 to
₱159,868.02 ₱910,546.62 ₱455,138.91
8.5 years
07/01/2013 to 06/30/2016 More than 8.5 to
7,833,429.81
11.5 years
07/01/2010 to 06/30/2013 More than 11.5 to
481,922.85 722,163.00
14.5 years
10/06/20092 to 06/30/2010 More than 14.5 to
15.25 years
Total ₱641,790.87 ₱9,466,139.43 ₱455,138.91
21. Of the total balance of disallowances of ₱9,466,139.43, 92 per cent is pending appeal at
various levels of adjudication pursuant to the COA Rules and Regulations on Settlement
of Accounts (RRSA), while 8 per cent has already attained finality and will be issued with
Notice of Finality of Decision (NFD). Of the disallowances that had become final, all have
yet to be issued with COA Order of Execution (COE).
2
COA Circular No. 2009-006
60
