Account Amount
Due from NGAs ₱ 183,293.49
Due from GOCCs 147,050.76
Due from LGUs 356,324.38
Other Receivables 431,798.09
₱ 1,118,466.72
10.7 Based on previous Annual Audit Reports (AARs), the following transfers to the
Implementing Agencies (IA) date back to CY 2024, which is the last possible
year for which data could be obtained. Moreover, documents are no longer
available to support these claims. The details are as follows:
Name of IA Purpose Amount
Due from NGAs
Bureau of Treasury Cannot be traced ₱ 19,746.80
Bureau of Forestry -do- 812.58
Department of Justice -do- 34.00
COMELEC -do- 294.36
District Engineer -do- 10.00
DBM -do- 12,195.75
Sub-total ₱ 33,093.49
Due from GOCCs
GSIS (General Fund) Cannot be traced ₱ 146,790.36
GSIS (Trust Fund) -do- 260.40
Sub-total ₱ 147,050.76
Due from LGUs
Province of Negros Oriental (General Fund) Cannot be traced ₱ 20,617.05
Province of Negros Oriental (Trust Fund) -do- 214,240.27
Province of Negros Oriental (Spec. Educ. Fund) -do- 120,625.26
Sub-total ₱ 255,482.58
10.8 The Other Receivables account, amounting to ₱431,798.09, is composed of
transfers to individuals more than ten (10) years ago for the SEA K-Livelihood
Program, Corn Production Livelihood Program, and KKK Special Fund. This
amount has also been reported as the balance of the Other Receivables account in
the CY 2022 and CY 2023 financial statements.
10.9 Meanwhile, verification with the latest Semestral Report on the Status of Other
Receivables (as of June 30, 2024) provided by the Municipal Accountant
disclosed a total amount of ₱686,638.05. Of this amount, a total of ₱679,261.54
is composed of receivables from various persons, on which details such as date
granted and due date for liquidation could not be traced. Moreover, the accounts
were reported by the Municipal Accountant aged more than ten years.
10.10 An interview with the Municipal Accountant revealed that the difference between
the amount reflected in the Semestral Report on the Status of Other Receivables
and the amount presented in the financial statements is the payment by the former
Municipal Treasurer upon retirement of more than ₱200,000.00 for the SEA-K
48
