13.8. We recommended and Management agreed for the LSB to ensure proper
documentation and timely dissemination of the approved SEF Budget to the
Municipal Budget Officer, Municipal Accountant, and Municipal Treasurer,
in accordance with the requirements of Item 6.1 of DepEd, DBM, and DILG
Joint Circular No. 1, s. 2017.
13.9. We further recommended and the Municipal Accountant agreed, in
coordination with the LSB, to ensure the prompt and regular posting of the
quarterly and annual SEF Utilization Reports in at least three conspicuous
places. Additionally, we recommended and Management agreed that these
reports be furnished to the Sangguniang Bayan, and submitted to the DBM
and the DILG Regional Offices as mandated by the same Circular.
13.10. Lastly, we recommended and Management agreed for the LSB to implement
a monitoring system to track the timely submission of the required reports to
avoid future delays.
B. OTHER MANDATORY AREAS
Compliance with Mandatory Deductions and Tax Laws
14.
14.1. Taxes withheld during the year from salaries, wages, and other services, including
Value-Added Taxes withheld from suppliers and contractors, were remitted to the
Bureau of Internal Revenue in accordance with existing Revenue Regulations. Of the
current outstanding balance of the Due to BIR account as of December 31, 2024,
amounting to ₱1,296,204.25, ₱1,062,561.37 was remitted in January 2025. The
unremitted balance of ₱233,642.88 consists of ₱139,228.83 representing withholding
taxes on BAC honoraria, and ₱94,414.05 representing withholding taxes on
government payments covered by checks that had not yet been paid to suppliers at the
time the remittance was prepared, with the possibility that the checks may be cancelled.
14.2. Of the current outstanding balance of the Due to Philhealth account as of December 31,
2024, amounting to ₱250,255.19, ₱245,898.15 was remitted in January 2025. The
unremitted amount of ₱4,357.04 consists of ₱4,182.63 representing premiums of newly
hired employees and old accounts under the Trust Fund amounting to ₱174.41.
14.3. Of the current balance of the Due to GSIS account as of December 31, 2024, amounting
to ₱1,450,679.86, ₱1,364,051.99 was remitted in January 2025. The remaining
unremitted amount of ₱86,627.87 includes ₱86,535.36 representing premiums of newly
hired and newly promoted employees, and old accounts under the Trust Fund
amounting to ₱92.51.
14.4. Of the current balance of the Due to Pag-IBIG account as of December 31, 2024,
amounting to ₱198,430.35, ₱194,619.36 was remitted in January 2025. The remaining
unremitted amount of ₱3,810.99 includes premiums of newly hired employees who
have no Pag-IBIG numbers yet, amounting to ₱3,402.45, and old accounts under the
Trust Fund in the amount of ₱408.54.
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