Appendix D
Status of
Ref Observations Recommendations
Implementation
General Fund contrary to and cemetery Cemetery had not
Section 313 of RA No. 7160 operations by been declared by
and Sections 105 and 107 of maintaining special the Sangguniang
the NGAS Manual for accounts in the Panlungsod as
LGUs, Volume I, thus the General Fund in Economic
financial condition and accordance with Enterprise, hence,
results of operations of Section 313 of RA the accounting
these two economic No. 7160, Sections department could
enterprises could not be 105 and 107 of the not separate these
determined. NGAS Manual for accounts in the
LGUs, Volume I. General Fund-
Proper.
2013 AAR, No depreciation was 39. The City Accountant Unimplemented
AO No. 8, recognized for all land maintain PPE Ledger The City
page 32 improvements, buildings, Cards to facilitate the Accountant still
and other structures of the computation of did not prepare the
City with an aggregate depreciation expenses PPE Ledger Cards.
balance of ₱391,793,517.37 and henceforth
as of December 31, 2013. compute and record,
at the end of the year,
Note: As of June 30, 2024, depreciation of
still no depreciation was properties whose
recognized for all land costs and acquisition
improvements, buildings dates are available.
and other structures
amounting to 40. The City Accountant Unimplemented
₱1,057,921,754.97. trace the cost of The cost of the
depreciable properties acquired
immovable properties in the previous
and take up current years and the
and prior years’ improvements
depreciation expense made thereon still
in order to reflect the had to be verified.
correct balance of
PPE in the financial
statements.
2011 Several lots of the City with 41. Management require Unimplemented
AAR a total market value of the City Assessor, as The City
₱58,412,500.00 could not well as the City Assessor’s and
be determined if these were Treasurer, to convene Accounting’s
recorded in the books of the City Appraisal Office have still to
accounts or the amount of Committee to act
