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                                                                                                                                             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
          ₱391,793,517.37 as of         compute and record,
          December 31, 2013.            at the end of the year,
                                        depreciation         of
          Note: As of December          properties      whose
          31, 2021, still no            costs and acquisition
          depreciation         was      dates are available.
          recognized for all land
          improvements, buildings 40. The City Accountant
          and other structures          trace the cost of
          amounting              to     depreciable
          ₱798,382,842.89.              immovable properties
                                        and take up current
                                        and     prior    years’
                                        depreciation expense
                                        in order to reflect the
                                        correct balance of
                                        PPE in the financial
                                        statements.
2011AAR   Several lots of the City 41. We        recommended
          with a total market value     that      Management
          of ₱58,412,500.00 could       require     the    City
          not be determined if          Assessor, as well as
          these were recorded in        the City Treasurer, to
          the books of accounts or      convene the City
          the amount of land which      Appraisal Committee
          is ₱43,384,529.15 as          to act immediately in
          recorded in the books,        the determination of
          could not also be             the value of the
          ascertained if it were        unrecorded lots.
          issued       with     tax 42. Also, direct them to
          declarations and TCT          process the titling of
          because of the absence of     the lots owned by the
          real property ledger          City and for the City