Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
avoid the incurrence of
interest and penalties;
and
Xxx
2021 AAR, The balances of accounts We recommended that:
AO No. 1, Real Property Tax (RPT)
page 29; Receivable and Special 15. The Municipal Adjusting entries had been Implemented
2018 AAR, Education Tax (SET) Accountant and made to correct the amount
AO No. 1, Receivable as of December Municipal Treasurer set-up for RPT and SET
page 27 31, 2021 per records of the reconcile the difference Receivables.
Municipal Accounting Office between the RPT and
(MAO) and Municipal SET Receivables account
Treasurer’s Office (MTO) balances totaling
showed a difference of ₱99,795,415.38 and
₱99,795,415.38, which could henceforth, conduct
not be reconciled because the periodic reconciliation,
MAO and MTO did not together with the
maintain subsidiary ledgers Municipal Assessor, of
and RPT Account the total collectibles from
Registers/Taxpayer’s index the Basic and Special
cards, respectively, contrary Education Tax with the
to Section 20, Volume I of balances of the RPT
the Manual on the New Receivables and SET
Government Accounting Receivables accounts to
System (NGAS) and Section avoid accumulation of
10, Volume II of the same unreconciled differences;
Manual, thus, RPT/SET
Receivable and Deferred Xxx
48
