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                                                                        Appendix D


                                                                      Status of
Ref          Observations              Recommendations
                                                                  Implementation
       land          which        is immediately in the          reconcile their
       ₱43,384,529.15 as recorded    determination of the        records.
       in the books, could not also  value        of    the
       be ascertained if it were     unrecorded lots.
       issued with tax declarations
       and TCT because of the 42. Also, direct them to            Unimplemented
       absence of real property      process the titling of      No action taken by
       ledger cards. Moreover, lots  the lots owned by the       management.
       owned by the LGU have no      City and for the City
       certificates of title.        Budget Officer to
                                     allocate funds for the
                                     titling thereof.

                                    43. Likewise, instruct the    Unimplemented
                                       City Accountant to        No action taken by
                                       review     the    land    the accountant.
                                       account and record in
                                       the books of accounts
                                       those lots that are
                                       owned by the City.
                                       Moreover, the value
                                       of the lots which will
                                       be determined by the
                                       City         Appraisal
                                       Committee shall also
                                       be recorded in the
                                       books of accounts to
                                       avoid understatement
                                       of assets. However,
                                       attention    is   also
                                       directed pertaining to
                                       the recording of the
                                       value of the lot as
                                       provided in Paragraph
                                       46 of the IPSAS (Ba),
                                       Volume       II    and
                                       Paragraph 7 of the
                                       same regulation.

2009   Despite the lapse of over 44. To protect the interest      Unimplemented
AAR    two years, the lot purchased   of       the      City,    Management still
       by the City of Canlaon         Management                 has to identify the
       lacked              sufficient facilitate the transfer    subject        lot’s
       documentation and still did    of the ownership of