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                                                                                                               STATUS OF
REFERENCE       OBSERVATION                                RECOMMENDATION                                   IMPLEMENTATION /
                                                                                                          RESULTS OF VALIDATION
2023 AAR    Losses on biological assets               12. The Municipal Agriculturist formally file to           Implemented
AO No. 8,   amounting to ₱95,976.00 were                  this Office a request for relief from
Page 48     recorded in the books during the year         accountability for the death of biological
            even if requests for relief from              assets, together with the required documents
            accountability were not filed yet,            enumerated in Section 151 of the Rules and
            inconsistent with Sections 54 and 55          Regulations on Supply and Property
            of the NGAS Manual for LGUs,                  Management.
            Volume 1, and Section 151 of the
            Rules and Regulations on Supply
                                                      13. The Municipal Accountant prepare an                      Implemented
            and Property Management, leading
                                                          adjusting entry to reverse the losses
            to unauthorized recognition of losses
                                                          recognized for biological assets in CY 2023
            of government properties in the
                                                          and wait for COA’s decision on the request
            books of accounts.
                                                          for relief from accountability filed by the
                                                          Municipal Agriculturist.
2022 AAR    The account balances of Cash Local        14. The Municipal Treasurer and Municipal                  Unimplemented
AO No. 1,   Treasury and Cash in Bank-Local               Accountant trace the differences between the
                                                                                                            The staff assigned to trace
Page 28     Currency Current Accounts (LCCA)              Cash Local Treasury and Cash in Bank-
                                                                                                            the      difference    was
            showed unreconciled differences of            LCCA accounts. Management, henceforth,
                                                                                                            transferred to another
            ₱(119,232.12) and ₱752,651.62,                conduct properly the quarterly reconciliation
                                                                                                            workstation.       Recently,
            respectively, against the cashbook            between the treasury records and accounting
                                                                                                            another staff member was
            balances due to non-reconciliation of         records in compliance with Section 143 (A.7)
                                                                                                            assigned to check the
            both records on a regular basis,              of the LTOM.
                                                                                                            records posted by the
            contrary to Section 143 (A.7) of the
                                                                                                            previous          municipal
            Local Treasury Operations Manual
                                                                                                            treasurer.
            (LTOM), 2nd Edition, thereby
            casting doubts as to the reliability of
            its balances as at year-end.




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