Status of
Reference Observation Recommendations Implementation/
Result of Validation
the SEF property is
made responsible for its
proper use and
accountability.
2022 AAR; Twenty buildings and 27. The CGSO prepare and Not Implemented
AO No. 13;three hospitals/health submit to the GSIS the
Page No. centers with a total Property Inventory Documentary
66 book value of Form (PIF) listing all requirements for
₱3,613,849.79 were insurable properties to insurance are not yet
not insured with the ensure that all insurable complete. CGSO has
GSIS, contrary to assets and properties are requested from the
Section 2 of RA No. adequately insured with Office of the Building
656, as amended by the General Insurance Official (OBO) and has
P.D. No. 245 and COA Fund to accord the city yet to issue the
Circular No. 2018- with some occupancy permit, one of
002, thereby exposing indemnification in case the required documents
these properties to the of damage or losses due for property insurance.
risk of having no to fortuitous events.
indemnification in
case of loss.
2021 AAR; The Petty Cash Fund 28. Management sees to it Not Implemented
AO No. 1; (PCF) amounting to that the guidelines on
Page No. ₱36,211.32 was not PCF are strictly Management has yet to
45 fully liquidated at the observed. follow fully the imprest
end of the year system as of December
contrary to Section 48 31, 2024.
of the New
Government
Accounting System
(NGAS) Manual for
LGUs, Volume 1.
2021 The accuracy and 29. The Inventory Not Implemented
AAR; AO reliability of the Road Committee conduct an
No. 4; Page Networks account annual physical count of This audit
No. 54 totaling all LRN and the results recommendation is
₱52,984,887.52 could thereof reported in the restated/revised in CY
not be ascertained due RPCLRN to be 2024 (AO No. 2, Page
to: (a) non-conduct of submitted to the Auditor No. 53).
inventory of local and Accounting unit not .
roads and non- later than January 31 of
preparation of the each year. The
Report on the Physical RPCLRN shall be
Count of Local Road reconciled with the
Network (RPCLRN); accounting records, and
(b) non-maintenance the necessary adjusting
of the Local Road entries are prepared
Network Ledger Card before the statement
(LRNLC) and Local date.
Road Network
96
