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Status of
Ref Observation Recommendations Implementation/
Results of Validation
tank submit a written explanation No action taken by
of why fuel was released based on management.
an unsigned RIS;
This is reiterated in
the audit of CY 2024
accounts as AO No.
6.
9) The Internal Control Unit Implemented
conduct spot checks to reconcile Closed – Change in
the remaining fuel tank balance Condition
with the CGSO records. It is
likewise imperative that the City Use of the fuel depot
establish a cut-off point to was stopped by
determine the level of fuel in the management.
tank and then accounts for current
purchases while working on the
accountability for the prior
purchases; and
10) Management ensure that Unimplemented
mitigating or compensating No action taken by
controls like periodic management.
reconciliation of records and
inventories, restricting fuel This is reiterated in
release based on a duly approved the audit of CY 2024
RIS, and updated recording and accounts as AO No.
consumption monitoring are 6.
working effectively to reduce the
risk of error or irregularities.
2023 The City's Biological Assets 11) The City Mayor direct the City Unimplemented
AAR, totaling ₱13,148,791.05 were not Agriculturist and the City No action taken by
AO measured at their fair value less Veterinarian to prepare the management.
No.4, costs to sell at the end of the Updated Schedule of Biological
page reporting period, no physical count Assets of the City at the end of
44 was conducted, no property/ledger each reporting period and submit
cards were maintained and no the same to the CAO for the
disclosures were made in the Notes immediate recognition of
to the Financial Statements, adjustments in the City's books of
contrary to the provisions of accounts. The schedule should
IPSAS No. 27 and the NGAS reflect the fair value less costs to
Manual for LGUs, Volume I, sell for each biological asset
thereby affecting the fairness of (especially for breeding stocks),
the presentation of the account in any additions resulting from
the financial statements and birth, and reductions due to
casting doubt as to the existence, deaths and distributions.
correctness, and validity of the
balances presented therein. 12) The City Inventory Committee Unimplemented
conduct a physical count of all the No action taken by
biological assets recorded in the management.
books of accounts of the City and
that the CGSO and the CAO Balance as of
maintain the property cards and 12/31/2024 has
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