Status of
Ref. Audit Observation Audit Recommendations
Implementation
₱1,000,000.00 as right of upon payment of just compensation
ownership over the property is to protect the interest of the
questionable. government. Henceforth, ensure
the Municipality’s ownership over
the land before undertaking any
construction or introducing any
improvement thereon to avoid
unnecessary losses.
AAR 51. The existence and reliability of the 75. The Inventory Committee be Unimplemented
2015 movable property plant and required to complete the conduct of The Inventory Committee had yet to
equipment account balances as of the physical count of properties and complete conducting the physical count
December 31, 2016 which reconcile the same with related of properties.
amounted to ₱40,519,708.32 or property and accounting records
13.80% of the total property, plant and for the municipal treasurer’s
and equipment account could not be office to maintain property cards in
ascertained due to incomplete accordance with existing
conduct of physical count and the regulations.
non-maintenance of property cards
as required in Section 124 of the
NGAS Manual, Volume I.
As of December 31, 2024, movable
property, plant, and equipment
amounted to ₱93,815,454.59 which
comprises 11.12% of total PPE or
4.50% of total assets.
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