Status of
Reference Observation Recommendations Implementation/
Result of Validation
₱313,845,193.49 in the existence of the receivables. CAO has
General Fund is receivables and the City also prepared requests
unreliable because it Mayor to file the request for write-off for
included dormant for write-off of dormant receivables of deceased
accounts amounting to receivable accounts to individuals, with
₱20,936,970.94 which the Audit Team Leader complete documentary
have been in the books supported by the requirements, pending
of accounts for more documents enumerated Mayor's approval.
than ten years for under Item 8.3 (a) and
which no request for (b) of COA Circular No.
write-off had been 2016-005 dated
filed, contrary to COA December 19, 2016.
Circular No. 2016-005
dated December 19,
2016, thus, affecting
the fair presentation of
accounts in the
financial statements.
2020/2019 The existence and 37. The CGSO to Not Implemented
AAR; AO accuracy of the consolidate on the SSMI
No. 2; Page inventory accounts all RIS and submit the This audit
No. 50 totaling same to the Accountant recommendation is
₱52,175,027.33 as of weekly, as basis for restated/revised in CY
December 31, 2020 are recording in the books 2024 (AO No. 1, Page
unreliable because of of accounts. No. 50).
the non-conduct of
physical count of
inventories,
unrecorded issuances
of supplies and
materials, inclusion of
dormant accounts in
the amount of
₱13,315,481.25 and
non-maintenance of
Supplies Ledger Cards
(SLCs) and Stock
Cards (SCs), thus,
overstating the asset
and equity accounts as
of December 31, 2020.
As of December 31,
2023, the inventory
accounts totaled
₱88,979,583.98.
100
