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                                                                            Management                 Status of
  Ref.             Observation                 Recommendations
                                                                          Comments/Actions          Implementation
            understanding            the      P.D. 1445 and DBM-
            government equity account         COA Join Circular No.
            as of December 31, 2012.          99-06 dated November
                                              13,1999.

                                           56. Require the Municipal No reversion had been made.    Unimplemented
                                               Accountant            and
                                               Municipal Treasurer to
                                               review    all    recorded
                                               payables and ascertain
                                               those    without     valid
                                               claims, revert the same
                                               and adjust the books
                                               accordingly.

                                    57. Instruct the Accountant       Reconciliation ongoing.       Unimplemented
                                        to     make     necessary
                                        adjustments in the books
                                        by     excluding     those
                                        obligations which are not
                                        valid    or    due     and
                                        demandable for payment
                                        at year end in order to
                                        afford fair presentation
                                        on the accounts payable
                                        in      the      financial
                                        statements.
2011 AAR    Projects   amounting to 58. Instructed the municipal      Completed projects from CY    Unimplemented
AO No. 2,   ₱62,084,466.97    as of     accountant and municipal      2022 until present had been
 page 13    December 31, 2011 which     engineer to verify the        transferred to their proper


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