Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
the LGU, which had a complete record of the
reported book balance of real properties owned by
₱1,982,663.45 at year-end. the LGU and reconcile
As a result, reconciliation their record with the
between accounting and Municipal Accountant to
GSO records could not be report an accurate
done, and the validity and account balance in the
accuracy of the account financial statement.
balance as of year-end could
not be ascertained. 11. We also recommended The subsidiary ledgers still Unimplemented
that the Subsidiary had not been updated.
Ledger of the account
contain a complete
description of the
property for easy
reference and
reconciliation.
2022 AAR, The accuracy and reliability We recommended that
AO No. 2, of the inventory account in Management:
page 30 the total amount of
₱1,347,539.00 could not be 12. Conduct a physical count An inventory had been done Unimplemented
ascertained due to failure to of inventories every on the last working day of
conduct a physical count of semester and submit a the year, i.e., December 27,
inventory items every report thereon to the 2024, however, the report
semester and to prepare the Auditor concerned not submitted did not conform to
Summary of Supplies and later than July 31 and the format prescribed under
Materials Issued (SSMI), January 31 of each year Volume II of the NGAS
which is the basis for for the first and second Manual for LGUs.
recording the utilization of semesters, respectively; Furthermore, no total
inventory items, contrary to balances appear in the
50
