Appendix D
Status of
Ref Observations Recommendations
Implementation
₱9,739.98, respectively, General Ledger
unrecorded liquidation of balance; and
completed projects
totaling ₱4.976 million, 27. Return to the Bureau Unimplemented
and the absence of of the Treasury the Some funds had
Subsidiary Ledgers (SLs) unused funds already been
for each project under downloaded from returned to the
Trust Fund, all of which various NGAs for source agencies.
are not in accordance with Programs/Projects/ However, accounts
Paragraph 27 of IPSAS Activities (PPAs) that that have been
No. 1, thereby affecting can no longer be dormant for over
the fair presentation of the implemented. 10 years were not
account in the FSs. yet retuned due to
unavailability of
records to support
the return of funds.
2021 AAR, The validity, correctness 28. Management require Unimplemented
AO No. 1. and existence of PPE the City Accountant The City
page 28 account of to update the Ledger Accountant did not
₱1,225,490,281.57 as of Cards/Subsidiary prioritize to update
2020 AAR, December 31, 2021, have Schedule of PPE and the Ledger
AO No. 2, not been fully established direct the Property Cards/Subsidiary
page 30 at year-end because: (a) and Accounting Units Schedules of PPE.
the PPE ledger cards were to reconcile the
2018 AAR, incomplete and not results of the
AO No. 1, updated by the inventory count with
page 27 Accounting Unit, and (b) the related property
report of the physical and accounting
2017 AAR, inventory taking was records in accordance
AO No. 1, submitted beyond the with the pertinent
page 26 prescribed period, provisions of COA
resulting in non- Circular No. 2020-
2016 AAR, reconciliation of the 006 dated January 31,
AO No. 1, RPCPPE and balances per 2020 to ensure the
page 25 accounting records, accuracy of the
contrary to Sections 120 reported PPE
and 124 of the Manual on balances in the
the NGAS for LGUs, financial statements.
Volume I and Section 6.3 Any discrepancies
of COA Circular No. noted in the
2020-006 dated January reconciliation shall be
31, 2020, thus, affecting adjusted in
accordance with
