Management Status of
Ref. Observation Recommendations
Comments/Actions Implementation
have been recorded prior to Construction in Progress asset accounts. However,
CY 2010 still remained in the accounts in order to tracing had been ongoing for
Construction in Progress determine the projects completed projects for before
accounts and were not which have already been CY 2022.
transferred to the appropriate completed so that the
asset account as required in former can prepare the
Section 50 of the NGAS journal entry voucher
Manual for LGUs, Volume 1, transferring these
thus the property accounts completed projects to the
may not be fairly presented appropriate asset
at year end. accounts in accordance
with Section 50 of the
NGAS Manual Volume I.
2007 AAR The absence of subsidiary 59. Instructed the Municipal Titling in process. Unimplemented
records for the land accounts Treasurer and the
recorded in the books at Municipal Accountant to
₱1,115,970.50 as of maintain their respective
December 31, 2007 makes it property records for each
difficult to determine the real property and the
proper composition thereof. Municipal Assessor to
Moreover, various parcels of prioritize the filing of the
land acquired from previous application for titling of
years up to present are not all real properties
covered by transfer acquired by the
certificates of title in favor of municipal government so
the Municipality of that transfer of
Manjuyod, thus the certificates of title in
Municipality still has no favor of the Municipality
tangible evidence on these can be issued to establish
properties. ownership thereto.
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