Status of
Ref. Audit Observation Audit Recommendation Management Comment/Action
Implementation
physical inventory and to pinpoint
responsibility for government properties.
AAR The consolidated balances of 30. We recommended that the Municipal The Municipality lacked qualified Not
2022 reciprocal accounts, Due from Other Accountant reconcile the balances of the personnel to analyze, reconcile, Implemented
Funds and Due to Other Funds for CY reciprocal accounts under the three funds and prepare the necessary journal
2022 showed an unreconciled and book the necessary adjustments to entry.
difference of ₱11,065,087.36, bring their balances into an agreement and
indicating some neglect by the to closely monitor transactions affecting
Accounting Office in monitoring and reciprocal accounts and ensure that these
reconciling the accounts, thus are recorded in the different funds
rendering both accounts unreliable. simultaneously to avoid any error of
omission.
31. We further recommended Management Management had not taken any Not
that the transactions between funds be action. Implemented
settled immediately in order to minimize
monitoring and reconciliation work and,
more importantly, to avoid erroneous
account balances.
AAR The Due to NGAs account, with a total 32. We recommended that Management re- The Municipality lacked qualified Not
2022 balance of ₱138,690,373.40, includes evaluate and verify the status of all personnel to analyze, reconcile, Implemented
2018 various fund transfers from national projects and activities related to the funds and prepare the necessary journal
government agencies amounting to due to NGAs. Any unused balances from entry.
₱125,075,766.58 (or 90.18%), which completed projects should be returned to
have remained outstanding for more the source agency. Alternatively, request
than two years, and negative balances authority from the source agency to use
aggregating ₱1,836,999.32, contrary to the balances for other projects that require
Section 2 of Presidential Decree (P.D.) additional funding.
No. 1445 and the pertinent provisions
of COA Circular No. 94-013 dated 33. For unimplemented projects, we Management had not taken any Not
December 13, 1994, thereby depriving recommend that Management assess their action. Implemented
the intended beneficiaries of the viability and necessity. If they are deemed
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