Group Granted in CY 2024 Unpaid Balance
Name Name/ Year
Leader Date Amount Balance Amount
Granted
Cabonlas, Happy 07/31/2024 72,000.00 72,000.00 9,000.00 2013
Gaudencia Group/ 9,000.00 2015
(Member) Josephine
Casipong
Brillo, Amelia Hog Raisers 08/05/2024 64,000.00 0.00 4,200.00 2013
(Leader) Group
32. The granting of livelihood cash assistance to groups that include members with
outstanding or unsettled balances from previous years should be strongly discouraged.
Allowing such disbursements undermines the principles of financial accountability and
may set a precedent of leniency toward non-compliance with the “KASABUTAN”
entered into by the City and the group or association. It is essential to ensure that all
recipients have demonstrated responsible management of prior funds before being
considered eligible for additional assistance. Strengthening this criterion will help
promote fiscal discipline, protect public resources, and enhance the credibility and
effectiveness of the livelihood development program.
33. To summarize, a total amount of ₱22,052,352.15 has remained outstanding in the
accounts for 5 to 18 years. The extended period during which these funds have remained
unliquidated raises concerns regarding fund management efficiency and accountability.
It also suggests potential lapses in monitoring, follow-up, or timely execution of the
livelihood development programs for which the funds were allocated.
34. We recommended that the Accounting Office should properly classify financial
assistance extended to cooperatives and NGOs/POs in accordance with COA
Circular No. 2015-009 to reflect a fair and accurate presentation of the Loans
Receivable account in the Statement of Financial Position. Moreover, the
Accounting Office and the CCO conduct a thorough reconciliation of balances to
ensure reliability of the stated balance.
35. We further recommended that Management should strengthen the monitoring and
follow-up mechanisms for repayment, establishing clear accountability, and
considering legal or administrative remedies for delinquent accounts.
36. The City Accountant agreed to reclassify the financial assistance to cooperatives/NGOs
to its proper account.
37. As to the outstanding receivables, the City Mayor directed the CCO to revisit the tenor of
the agreement especially the payment schedule. The city mayor further said that the
payment schedule of all cooperatives or NGOs availing the loan should not be uniform
and be based depending on the type of NGO/cooperative.
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