Status of
Ref. Audit Observation Audit Recommendation Management Comment/Action
Implementation
immediate use of the benefits that viable and necessary, we suggest that
could have been attained therefrom, Management promptly pursue their
and the source agencies of the implementation.
opportunity to put the resources to
better use in other activities or agencies 34. We further recommended that the Management had not taken any Not
that may need assistance. Municipal Accountant trace or determine action. Implemented
the cause(s) of the negative balances and
prepare the necessary adjustments to
reflect the accurate balances of the Due to
NGAs account in the financial statements.
AAR The Cash in Bank – Local Currency, We recommended that Management:
2021 Current Account (LCCA) balance
2017 amounting to ₱181,102,938.72 as of 35. exert extra effort to secure the relevant Management still had to coordinate Not
2016 December 31, 2021, could not be relied documents pertaining to the unrecorded with DBP and other banks to Implemented
2013 upon due to: (a) the existence of withdrawals with incomplete obtain data from their archives for
And unrecorded/unadjusted reconciling documentary requirements, otherwise, it 2008 and prior years.
2015 items which have accumulated over the shall be disallowed in audit;
ML years; (b) non-cancellation of checks
which have been outstanding beyond 36. require the Municipal Accountant to Management still had not taken Not
the six month period; and (c) closed review the reconciling items as reflected any action. Implemented
bank accounts with an abnormal in the Bank Reconciliation Statement and
balance of ₱18,817,031.50 in the prepare the necessary adjusting entries to
books, contrary to Item 3.3 of COA correct the discrepancies noted in
Circular No. 96-011 dated October 2, accordance with COA Circular No. 96-
1996, and the pertinent provisions of 011 dated October 2, 1996; and
the New Government Accounting
Systems (NGAS) Manual, hence 37. verify the closed bank accounts with Management still had not taken Not
affecting the fair presentation of the abnormal balances in the books of any action. Implemented
financial statements. accounts and, thereafter, proper
reconciliation shall be made to correct the
deficiencies.
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