accounts of the agencies as semi-expendable property. The Circular further states that
the threshold shall be applied on an individual asset or per item basis. Each item
within the bulk acquisition, such as library books, small equipment, computer
peripherals, work animals, and the like, will need to meet the amount of below
₱50,000.00 to be recognized as semi-expendable property.
5.4 Relative thereto, in CY 2024, the Commission issued COA Circular No. 2024-006
dated March 14, 2024, which serves as a supplemental guideline on the
implementation of COA Circular No. 2022-004. Annex B thereof provides the new
accounts that shall be used in the implementation of the said Circular, which includes
the following:
Account Title Semi-Expendable Disaster Response and Rescue Equipment
Account Number 1-04-05-080
Normal Balance Debit
Description This account is debited to recognize the cost of the
purchased/acquired disaster response and rescue equipment
costing less than the prescribed capitalization threshold for
PPE, for use in disaster response and rescue activities. This
account is credited upon issuance to end-users, impairment,
transfer, loss, or other disposal, among others.
5.5 In CY 2024, the Municipality procured various supplies and equipment, all charged
against the LDRRMF. However, a review of the related Journal Entry Vouchers
(JEV) showed that the payments of these procurements were erroneously recorded in
the books of accounts. The reference documents, item descriptions, amounts, and the
accounts used, versus the correct accounts, are shown in the following table:
Account Correct
Date DV No. Item Description Amount Debited Account
Other
Supplies & Semi-
3 pcs. camping tent Materials Expendable
05-24-24 100-2024-05-4241 (capacity of 4) ₱11,400.00 Inventory DRRE
DRR
08-08-24 100-2024-08-5213 Chainsaw 99,500.00 Other PPE Equipment
Other
Supplies & Semi-
Supplies and Materials Expendable
09-30-24 100-2024-09-5645 materials 97,134.00 Inventory DRRE
1 pc. CPR Semi-
mannequin (Family Expendable DRR
11-04-24 100-2024-11-6100 pack) 98,989.00 DRRM Equipment
Installation of
DRRM signage and
information board to Other
be used in the Supplies & Semi-
LDRRM operations Materials Expendable
11-28-24 100-2024-12-6270 center 59,800.00 Inventory DRRE
40
