STATUS OF
REFERENCE OBSERVATION RECOMMENDATION IMPLEMENTATION /
RESULTS OF VALIDATION
2020 AAR The Notes to Financial Statements 30. The Municipal Accountant provide Implemented
AO No. 2, (FS) did not adequately disclose disclosures on the face of the SCBAA and/or
Page 30 sufficient and relevant information the Notes to FS on the changes between the
on the details pertaining to the original and final budgets and reconciliation
accounts contrary to Section 127 of of actual amounts per SCBAA and per
the Philippine Public Sector financial statements, to enhance the
Accounting Standards (PPSAS) No. transparency of the Municipality’s financial
1. Thus, users of the report may be statements.
misled by the lack of information
31. Likewise, adequate disclosure shall be Implemented
that may affect decision-making.
provided in the Notes to FS for the details of
the loans payable pursuant to paragraph 127
of PPSAS No. 1.
32. The Municipal Accountant and Municipal Unimplemented
Budget Officer reconcile monthly their
respective records to avoid the accumulation
of reconciling items and to facilitate the
reconciliation of balances between the
SCBAA and FS.
2020 AAR The reporting requirements for in- 33. Management prepare and furnish the Unimplemented
AO No. 8, kind donations and the utilization of Auditor with a copy of the (a)
The acknowledgment
Page 48 the LDRRMF were not complied acknowledgment receipts of the donations
receipt has not been
with, contrary to Section 1 of COA in-kind; (b) proof of receipt by and
submitted to the auditor
Circular No. 2020-009 dated April distribution to the beneficiaries; and (c)
yet.
21, 2020, and Section 5.1.5 of COA inventory of remaining undistributed items,
Circular No. 2012-002 dated if any, in accordance with Section 1 of COA
September 12, 2012, respectively, Circular No. 2020-009 dated April 21, 2020.
thus, preventing timely validation
of actual distribution and balances
of the donated goods as well as
monitoring of programs, projects,
and activities (PPAs) of the
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