4.8. We reiterated our recommendation and Management agreed that the Local
Chief Executive:
4.8.1. Require the conduct of physical count of inventories every semester and
submit a report thereon to the Auditor concerned not later than July 31,
and January 31 of each year for the first and second semesters, respectively;
4.8.2. Direct the Municipal Treasurer to submit to the Municipal Accountant
weekly the SSMI supported by RIS as basis for recording the utilized
inventory items in the books, and
4.8.3. Direct the Municipal Accountant and the Municipal Treasurer to
reconcile the accounting and inventory records and make the necessary
adjustments so that the accounts can be fairly presented in the financial
statements.
Remittances to GSIS, Pag-IBIG, and PhilHealth
5. The Municipality failed to remit GSIS, Pag-IBIG, and PhilHealth contributions,
amounting to ₱479,254.72, ₱119,624.96, and ₱196,272.63 respectively, contrary to
the provisions of the Implementing Rules and Regulations of R.A. No. 8291, R.A.
No. 9679, and R.A. No. 7875 as amended by R.A. No. 9241 and R.A. No. 10606,
which may result in the imposition of interests and penalties and may deprive the
employees of the benefits due them.
5.1. The Implementing Rules and Regulations (IRR) of Republic Act (R.A.) No. 8291,
or the Government Service Insurance System Act of 1997, provides that:
“Section 14. Remittance of Contributions
14.1. Each government agency shall remit directly to the GSIS the
employees’ and government agency’s contributions within the first ten
(10) days of the calendar month following the month to which the
contributions apply. The remittance by the government agency of the
contributions to the GSIS shall take priority over and above the
payment of any and all obligations, except salaries and wages of its
employees.”
5.2. Rule VII – Collection and Remittance of the IRR of R.A. No. 9679 or the Home
Development Mutual Fund Law of 2009, otherwise known as Pag-IBIG
(Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno) Fund,
further provides that:
“Section 3. Remittance of Collections
58
