Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
Manual for LGUs, Vol. I, and Section 59 of the NGAS
Section 97 of P.D. No. 1445, Manual for LGUs.
thus adversely affecting the
accuracy of the Cash in Bank 3. We further recommended No monitoring had been Unimplemented
account balances. and the Municipal done.
Treasurer agreed to
monitor the age of
unclaimed checks, send
written notices to the
payees at least one
month before the checks
become stale, and
coordinate with the
Municipal Accountant
for the necessary
adjustments in the books
of account.
2023 AAR, The Municipality placed 4. We recommended and SB Resolution No. 156 dated Implemented
AO No. 4, ₱21,805,435.28 under the Management agreed that June 25, 2024 was
page 36 General Fund and Trust Fund the Municipal Treasurer authorized the closure of
in time deposit, which could secure authority from the savings accounts and transfer
not be established as idle Sanggunian Bayan to of the same to current
funds due to a lack of support any investment accounts.
authority from the Local of idle general funds in
Sanggunian and approval time deposits and
from the Local Chief discontinue the
Executive. These funds could placement of funds in
have been used for purposes time deposits unless they
that would benefit the are explicitly determined
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