Ref. Audit Observations Audit Recommendations Status of Implementation
outstanding checks so that written
notices can be sent to the payees a
month before these become stale.
AAR 13. A net difference amounting to 21. We recommended that the Municipal Unimplemented
2022 ₱48,989.73 of the account Cash-Local Treasurer and the Municipal
p.39 Treasury (1-01-01-010) in the General Accountant conduct the required The Municipal Treasurer still had
Fund (GF), Special Education Fund periodic reconciliation between the unreconciled items in the cash accounts of
(SEF), and Trust Fund (TF) between cashbooks and the subsidiary the Municipality due to unavailability of
the Treasury and Accounting records accounting records so that differences relevant documents for items dated before
were not detected and corrected between the two records can be CY 2001.
promptly because the required determined and corrected/adjusted
periodic reconciliation between the right away to ensure the fairness of
cashbooks and ledger balances was the presentation of the cash account in
not done by the Municipal Treasurer the financial statements.
and the Municipal Accountant,
contrary to the pertinent provisions of
the Local Treasury Operations Manual
(LTOM), 2nd Edition and COA
Circular No. 97-002 dated February
10, 1997, thus, the balance of the
account Cash-Local Treasury (1-01-
01-010) in the GF, SEF, and TF was
not presented correctly and accurately
in the financial statements as of
December 31, 2022, affecting the
reliability thereof.
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