Fund Source Appropriation Disbursed Balance
Small Scale Industry 75,000.00
Native Food Vendors 45,000.00
Various Organizations 1,770,000.00
Total ₱6,829,000.00 ₱4,296,000.00 ₱2,533,000.00
42. Upon review of the disbursement vouchers covering releases from January to July 2024,
it was observed that financial assistance intended for cooperatives was issued directly in
the name of the respective cooperatives. On the other hand, all other financial releases to
organizations or associations were made payable to the designated group leaders. Further
verification revealed that the supporting documents attached to these disbursement
vouchers contained uniform content for all organizations. The following documents were
consistently included:
1. KASABUTAN between the City of Canlaon and the cooperative or
organization/association
2. Certification for full settlement of previous Livelihood obligation issued by the
CCO
3. Project Proposal (unsigned)
43. The Project Proposals submitted by the grantees, which are identical in format and
content, present a project description that specified the number of members in the
organization and states that the proponent is availing cash assistance from the City
Government. It is also declared therein that the amount granted shall be returned within
seven months on installment basis.
44. In view of the foregoing, it appears that the City’s Livelihood Development Program is
primarily intended to extend financial loans to various organizations or to augment the
working capital of certain groups, such as hog raisers and peddlers. Organizations request
financial assistance by submitting project proposals that outline their intended activities.
Upon approval, financial assistance is granted in the form of loans. Beneficiary
organizations are expected to comply with the terms and conditions stipulated in the
executed “KASABUTAN.” However, it is important to note that the COA has prescribed
specific requirements for NGOs/POs seeking access to public funds. These include the
submission of various documents and reports as enumerated under Section 4.4 of COA
Circular No. 2007-01:
1. Authenticated copy of the latest Articles of Incorporation, or the Articles of
Cooperation, as the case may be, showing the original incorporators/organizers
and the Secretary’s certificate for incumbent officers, together with the
Certificate of Filing with the Securities and Exchange Commission (SEC) or
Certificate of Approval by the Cooperative Development Authority (CDA);
2. Audited financial reports for the past three years preceding the date of project
implementation. For NGO/PO which has been in operation for less than three
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