Status of
Reference Observation Recommendations Implementation/
Result of Validation
decision making
pursuant to paragraph
15 of the Philippine
Public Sector
Accounting Standards
(PPSAS) No.
2017 AAR; Eighteen stale checks 53. The City Accountant Not Implemented
AO No. 4; totaling ₱328,922.48 review and analyze the
Page No. age nine to 111 months list of outstanding Difficulties in
54 were still reports as checks and regularly verification and
outstanding checks in draw a JEV for the gathering of supporting
the bank reconciliation cancellation of stale documents of prior years.
statements in violation checks to reflect the
of Section 59 of the correct monthly
Manual on the NGAS balances of the affected
for LGUs, Volume I, accounts in the financial
thereby understating statements.
the Cash in Bank and
Accounts Payable
accounts.
2017 AAR; Several reconciling 54. The City Accountant Not Implemented
AO No. 5; items totaling verify the reconciling
Page No. ₱218,175.17 were not items and draw a JEV to Difficulty in retrieving
56 immediately adjusted adjust all valid the supporting
but simply carried over reconciling items documents, especially
from one bank pursuant to Section 3.3 those pertaining to prior
reconciliation of COA Circular No. years’ transactions
statement to the next 96-011 dated October 2,
contrary to Section 3.3 1996;
of COA Circular No.
96-011 dated October 55. Conduct a thorough Not Implemented
2, 1996. Moreover, verification of the
some of the bank dormant bank accounts Difficulty in retrieving
accounts maintained and to effect the the supporting
by the City are already necessary adjustments; documents, especially
dormant and were not and those pertaining to prior
verified thus, years’ transactions
rendering the Cash-In
Bank account balances 56. Provide copies of the Not Implemented
as of December 31, bank reconciliation
2017 of statements to the Difficulty in retrieving
₱361,125,876.25 depository banks so that the supporting
doubtful and any discrepancies noted documents, especially
unreliable. between the records of those pertaining to prior
the banks and of the City years’ transactions
can be immediately
resolved.
2017 AAR; Total appropriations 57. Management expedite Implemented
AO No. 8; for LDRRMF for CY the implementation of
2017 amounting to all PPAs under the
108
