2. The balances of the Real Property Tax (RPT) Receivable and Special Education Tax
(SET) Receivable accounts as of December 31, 2024, between the records of the
Municipal Accounting Office (MAO) and the Municipal Treasurer’s Office (MTO)
showed a difference of ₱90,418,239.18 due to the non-reconciliation of their records thus,
the RPT/SET Receivable and Deferred Income accounts, as presented in the financial
statements, are deemed unreliable.
We recommended that the Municipal Mayor instruct the Municipal Accountant and
Municipal Treasurer to reconcile the difference amounting to ₱90,418,239.18 between
the Real Property Tax (RPT) and Special Education Tax (SET) Receivables account
balances.
To prevent the further accumulation of unreconciled differences, we further
recommended that they, in coordination with the Municipal Assessor, conduct regular
and timely reconciliations of the total collectibles from the Basic and Special Education
Taxes against the recorded RPT and SET Receivables account balances.
Additionally, to promote transparency and ensure full disclosure, we recommended that
any remaining unreconciled differences be properly reported in the Notes to the Financial
Statements.
Summary of Total Suspensions, Disallowances, and Charges as of Year-end
The reported audit suspensions, disallowances, and charges of the LGU as at December 31,
2024, were as follows:
Beginning Issued this Period Ending
Particulars Balance (01/01/2024 to 12/31/2024) Balance
(01/01/2024) NS/ND/NC NSSDC (12/31/2024)
Suspension ₱ 150,700.00 ₱ 0.00 ₱ 0.00 ₱ 150,700.00
Disallowances 1,066,560.00 0.00 0.00 1,066,560.00
Charges 0.00 0.00 0.00 0.00
Total ₱ 1,217,260.00 ₱ 0.00 ₱ 0.00 ₱ 1,217,260.00
Status of Implementation of Prior Years’ Audit Recommendations
Out of the 43 recommendations embodied in the previous years’ Annual Audit Reports, 14
were implemented and the remaining 29 were unimplemented.
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