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                                                                                         Management                    Status of
      Ref.                Observation                  Recommendations
                                                                                       Comments/Actions             Implementation
                  System (NGAS) Manual for           lots.
                  LGUs, Volume II, thus,
                  understating the assets of the 41. Also direct them to           Eight titles had been released   Unimplemented
                  Municipality.                      process the titling of the    under the name of the
                                                     lots owned by the             Municipality of Mabinay and
                  Moreover, these lots have no       Municipality and for the      seven had been on process
                  certificates of title which        Municipal            Budget   for Special Patent at DENR,
                  contravenes section 148 of         Officer to allocate funds     Dumaguete City.
                  COA Circular No. 92-386.           for the titling thereof.

                                                  42. Likewise, instruct the No action.                             Unimplemented
                                                      Municipal Accountant to
                                                      review the land account
                                                      and record only in the
                                                      books of accounts those
                                                      lots that are owned by
                                                      the Municipality.

                                                  43. Moreover, the value of No action.                             Unimplemented
                                                      the lots which will be
                                                      determined      by    the
                                                      Provincial      Appraisal
                                                      Committee shall also be
                                                      recorded in the books of
                                                      accounts     to    avoid
                                                      understatement of assets.

Four audit recommendations appearing in the PY AAR were revised and included in Paragraphs 3.8, 3.9, 4.10, and 4.11 Part II/A of
this report.


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