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                                                                               Status of
Ref.   Audit Observation        Audit Recommendations
                                                                           Implementation
                           82. The storekeeper should keep bin              Unimplemented
                               cards for each type of article and Management had not yet      fully
                               hang on shelves or bins where the complied with this.
                               articles are stored. Reconcile bin
                               cards with the stock/property cards
                               maintained by the stock clerk and
                               with the physical count of stocks on
                               hand;

                           83. The Office of the municipal                    Unimplemented
                               treasurer should maintain stock Management had not yet         fully
                               cards for each class of article. All complied with this.
                               receipts, issuances and balances on
                               hand of supplies and materials
                               should be kept up-to-date. The
                               stock cards serve as guide in
                               preparing estimates of the quantity
                               and description of articles needed to
                               avoid overstocking. These also
                               facilitate physical inventory-taking;
                               and,

                           84. Conduct an immediate inventory-               Unimplemented
                               taking of all the items, prepare and Management had not yet    fully
                               submit inventory report to the complied with this.
                               auditor.



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