Page 38 of 74

                                                                                                                                               Appendix C



                                                                              Agency Action Plan                                                    Action
                                                                                                                                  Reason for
                                                                                                 Target                                             Taken/
                                                                                                                 Status of     Partial/Delay/Non-
   Ref       Audit Observations       Audit Recommendations         Action   Person/Dept.    Implementation                                         Action
                                                                                                              Implementation   Implementation, if
                                                                     Plan    Responsible          Date                                               to be
                                                                                                                                   applicable
                                                                                            From To                                                 taken
           Equivalents   by    ₱150      maturity term of more
           million.                      than 91 days as
                                         Investments           in
                                         accordance          with
                                         IPSAS 2.
2023 AAR   The Real Property Tax 11. We recommended that
AO No. 5   (RPT)      and     Special    the City Treasurer
page 45    Education Tax (SET)           provide     the     City
           receivables          were     Accountant with a
           understated             by    copy of the RPT
           ₱3,207,934.17 because         records for CY 2023
           the amounts established       and prior years to
           at the beginning of the       establish the beginning
           year were based on            balance for CY 2024.
           estimates rather than on a    Henceforth,      furnish
           duly certified list of        the City Accountant at
           taxpayers, contrary to        the beginning of each
           Section 20 of the NGAS        year a certified list of
           Manual      for    LGUs,      taxpayers with the
           Volume I. Moreover, the       amount      due     and
           difference              of    collectible for the
           ₱19,394,988.42 between        current year as the
           the balances in the           basis for the recording
           Certified List of RPT         of the RPT and SET
           Delinquencies and RPT         receivables           in
           and SET receivable            compliance          with
           could not be reconciled       Section 20 of the
           because         subsidiary    NGAS Manual for
           ledgers      were      not    LGUs, Volume I.
           maintained,           thus
           affecting the reliability 12. We               further
           of the said accounts in       recommended that the
           the financial statements.     City        Accountant