STATUS OF
IMPLEMENTATION/
REFERENCE OBSERVATION RECOMMENDATION
RESULTS OF
VALIDATION
c. Non-maintenance of LRNLC and
LRNPC showing complete description
and cost segregation of LRN
components
d. Non-disclosure of the total road
network system in the Notes to the FS
2023 AAR The Cash in Bank balances showed a 4. The Municipal Accountant prioritize the Unimplemented
AO No. 3, difference of ₱14,586,404.17 against the immediate completion of the This was restated in the
page 39 confirmed balances from the depository reconciliation and adjustment processes audit of CY 2024
bank, which remained unadjusted because and establish strict internal controls, accounts as AO No. 3.
book reconciling items in the Bank including setting deadlines for monthly
Reconciliation Statements (BRS) were not reconciliations and ensuring timely
recorded during the year, inconsistent with resolution of reconciling items, pursuant
Sections 3.2 and 3.3 of COA Circular No. to COA Circular No. 96-011 dated
96-011 dated October 2, 1996, thus October 2, 1996.
presenting an inaccurate and unreliable
balance in the FS.
2023 AAR Due to the frequent absences of the 5. The Municipal Accountant take steps to Unimplemented
AO No. 4, assigned staff, the Municipal Accountant minimize the effect of staff absences on This was reiterated in the
page 41 was unable to submit the year-end FS of the financial statement preparation. This audit of CY 2024
Municipality for CY 2023 within the could involve cross-training personnel to accounts as AO No. 9.
prescribed period, inconsistent with ensure coverage, hiring temporary staff
Section 41(2) of Presidential Decree (PD) during busy periods, or re-evaluating the
No. 1445 and Section 4.1 of COA Circular workflow and deadlines to accommodate
No. 2010-01 dated March 2, 2010, thus unforeseen delays. Additionally, regularly
preventing municipal officials concerned monitoring staff attendance and
from utilizing the financial information addressing the reasons for frequent
contained therein for decision-making. absences will be important in preventing
future delays in financial reporting.
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