Status of
Reference Observation Recommendations Implementation/
Result of Validation
overstating the CIP 4. The CAO assign Not Implemented
account and personnel to focus on
understating the verifying the items for Ongoing
related asset and identification included As of December 31,
expense accounts. in the CIP account and 2024, CAO has
to effect the necessary reclassified ₱91.5M
adjustments for worth of projects from
reclassifying these CIP Account to the
projects into their proper asset accounts.
appropriate PPE The following Journal
accounts while Entry Voucher Nos. were
recognizing the verified, to wit:
corresponding
depreciation and 100-2024-04-0070, 100-
accumulated 2024-12-0685, 100-
depreciation for each 2024-08-0445,100-
completed project. 2024-09-0506, 100-
2024-11-0606, 100-
2024-06-0131, 100-
2024-08-0444
2023 AAR; The City has not yet 5. The City Government Not Implemented
AO No. 3; fully complied with the carry out the one-time
Page No. one-time cleansing cleansing of PPE per As of December 31,
53 requirement for its COA Circular No. 2024, reconciliation of
PPE account as 2020-006 dated January records for movable
2021 AAR; mandated by the 31, 2020, to ensure that properties is at
AO No. 3; Commission on Audit the PPE balances are approximately 50%.
Page No. (COA) through COA accurate and that the Based on the
48 Circular No. 2020-006 affected accounts are coordination meeting,
dated January 31, fairly presented in the target date for
2020. As a result, the financial statements. completion of
accuracy of the PPE reconciliation process is
balances cannot be targeted on July 31,
established, which 2025.
affects the fairness of
the presentation of the
affected accounts in
the financial
statements.
2023 AAR; The City’s local 6. Conduct a thorough Not Implemented
AO No. 4; economic enterprises operational review of
Page No. (LEEs) such as the the Slaughterhouse, Financial reports for the
54 Market, Market, and Septage City’s LEEs were
Slaughterhouse, and Operations to pinpoint submitted to the Office
Septage were the root causes of of the Auditor, which are
operating at a loss in financial losses and still subject for review.
CYs 2019-2023, which implement corrective Further, management has
is inconsistent with actions to enhance the submitted proposed
Section 17(a) of RA effectiveness and increase in rates for the
7160 and Section 6.6.3 efficiency of operations services of the Market,
88
