Appendix D
Status of
Ref Observations Recommendations
Implementation
Advances for Payroll
110,071.55
Advances to Special DO
559,143.72
Advance to Officers and
Employees
3,019,675.76
Other Receivables
4,520,483.72
Total
₱8,676,704.98
2022 ML, Completed infrastructure 22. The City Mayor Unimplemented
Par. No. 26, projects in the Trust Fund instruct the City The practice of not
page 6 amounting to ₱13.779 Accountant to verify recording assets in
million were not the CIP accounts, the Trust Fund and
transferred to the close to the subsequently
appropriate asset accounts appropriate transfer to the
in violation of Section 50 infrastructure asset General Fund was
of the NGAS Manual for account the cost not observed by
LGUs, Volume 1, directly attributable to the City
resulting in the the completed Accountant.
overstatement of projects, transfer the
Construction in Progress recording of all
(CIP) accounts and the completed projects
understatement of certain under the Trust Fund
asset accounts, as well as to the General Fund,
the overstatement of the and subsequently
asset and equity accounts provide the same with
by the amount of depreciation to arrive
depreciation that should at an accurate and
have been provided from reliable carrying
the time the projects were balance of the PPE,
completed and transferred pursuant to Section 50
to the General Fund, of the NGAS Manual
thereby affecting the for LGUs, Volume I.
fairness of the
presentation of the FSs. 23. The City Accountant Unimplemented
prepare the necessary The City
adjusting entries to Accountant did not
reclassify the prioritize transfer
transactions of completed
erroneously recorded projects under the
under the CIP
