Status of
Reference Observation Recommendations Implementation/
Result of Validation
Property Card
(LRNPC); (c) non-
provision of
depreciation for LRN
items; and (d) non-
disclosure of the total
road networks in the
Notes to the Financial
Statements, contrary to
COA Circular No.
2015-008 dated
November 23, 2015,
thereby affecting the
fair presentation of the
account in the financial
statements.
2021 AAR; The reported balance 30. Management require the Not Implemented
AO No. 5; of the Biological Inventory Committee
Page No. Assets account and the CGSO to This audit
58 amounting to prioritize the recommendation is
₱1,264,760.73 is reconciliation of the reiterated in CY 2024.
unreliable due to: (a) RPCPPE with the
incomplete and accounting records;
unreconciled
inventory of biological 31. The City Agriculturist Not Implemented
assets against to conduct an inventory
accounting records; (b) of biological assets and This audit
non-provision of render a report thereon recommendation is
inventory and including the fair reiterated in CY 2024.
prevailing market market value of each
price for each stock to the City
biological asset by the Accountant, for proper
City Agriculturist; and recording in the books
(c) non-maintenance of accounts and to
of work, other animals henceforth, keep a
and breeding stocks systematic record of
ledger and property births, deaths, and
cards contrary to disposal of breeding
pertinent provisions of stocks. In case of death
COA Circular No. or disposal, he shall
2016-004, IPSAS No. facilitate the request for
27 and the NGAS relief of accountability
Manual, Volume II, in accordance with
hence, the existence Sections 151 and 152 of
and condition as well COA Circular No. 92-
as the reliability of the 386 dated October 20,
Biological Assets 1992, for dropping the
account balance could account from the books;
not be ascertained. and
97
