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                                                                                                                                     Status of
Ref.            Audit Observation                          Audit Recommendation                  Management Comment/Action
                                                                                                                                  Implementation
       of substational fund which could be           and why disbursements were still made
       utilized for other legitimate purposes.       after such declaration; and

                                                 88. Submit,     through     the     Municipal   Management still had not taken        Not
                                                     Accountant and the Municipal Treasurer,     any action.                       Implemented
                                                     a summary of disbursements from
                                                     November 19, 2013 to December 31,
                                                     2014, starting with the balance as of
                                                     November 19, 2013, followed by the
                                                     disbursements made thereafter, with
                                                     details as to date, DV no., Check No.,
                                                     Payee and amount, which lead to the
                                                     remaining      recorded     balance    of
                                                     ₱72,846,900.30 as at December 31, 2014.

                                                  As a rejoinder, COA maintains its stand that
                                                  the same should be returned to the national
                                                  treasury.




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