REGROS
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ky Y ‘O Republic of the Philippines
s ra) Province of Negros Oriental
Aa MUNICIPALITY OF VALENCIA
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STATEMENT OF MANAGEMENT RESPONSIBILITY
FOR FINANCIAL STATEMENTS
The Management of the MUNICIPALITY OF VALENCIA is responsible for all
information and representation contained in the Consolidated Statement of Financial
Position as of December 31, 2024 and the related Consolidated Statement of
Financial Performance, Statement of Changes in Net Assets/Equity, Statement of
Cash Flows and Comparison of Budget and Actual Amounts for the period then
ended. The financial statements have been prepared in conformity with the
Philippine Public Sector Accounting Standards (PPSAS) and reflect amounts that are
based on best estimates and informed judgment of management with an appropriate
consideration of materiality.
In this regard, management maintains a system of accounting and reporting
which provides for the necessary internal controls to ensure that transactions are
properly authorized and recorded, assets are safeguarded against unauthorized use
or disposition and liabilities recognized.
ROSELYN I. unas EDGAR Z. TEVES, JR.
Accountant/ Head/of Agency/
Head of the Finance Dept. Chief Executive
6] 23/2026 ¢/] 23/2025
Date Signed Date Signed
3
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