Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
update the records of the
depository accounts and
prepare the necessary
adjusting entries in the
books of accounts to
present the correct
balance of the Cash in
Bank account as of year-
end.
2023 AAR, General Fund cash 6. We recommended that Authority from the Unimplemented
AO No. 4, amounting to ₱1,944,500.95 the Municipal Treasurer Sangguniang Bayan for
page 50 which could not be firmly discontinue the discontinuance of time
established as idle funds placement in time deposits had not yet been
were deposited in time deposits of funds that are secured.
deposit accounts and were not determined to be idle
invested without authority and henceforth secure
from the Sangguniang Bayan prior authority from the
as required under Section 21 Sangguniang Bayan to
of COA Circular No. 92-382 invest idle funds in time
dated July 3, 1992, creating a deposit accounts.
risk that there may not be
enough available cash for the
municipality's operational
expenses or other urgent
needs, which could impede
the smooth delivery of
government services.
2023 AAR, Eleven checks totaling 7. We recommended that Stale checks were cancelled. Implemented
AO No. 5, ₱145,663.89 which have the Municipal Treasurer
page 52 remained outstanding for cancel the stale checks
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