Status of
Ref. Audit Observation Audit Recommendations
Implementation
Government Units (LGUs), custody, and disposition of the
Volume II, resulting in the non- cashbooks.
reconciliation with the accounting
records in violation of the pertinent 21. We further recommended that the Unimplemented
provisions of the Local Treasury Municipal Accountant and the The Municipal Treasurer and the
Operations Manual (LTOM), 2nd Municipal Treasurer closely Municipal Accountant had yet to
Edition. Thus, early detection of coordinate and regularly reconcile completely reconcile their records.
errors and corrections thereof could their respective records for the early
not be made, affecting the detection and correction of errors to
reliability and accuracy of the cash ensure the fairness of the
and cash equivalent account presentation of the cash and cash
balances amounting to equivalent account balances in the
₱656,926,239.69 as of December financial statements.
31, 2022.
AAR 12. The accuracy and reliability of the 22. We recommended that Unimplemented
2022 Road Networks account totaling Management strictly comply with Management had yet to complete the
p.39 ₱122,228,850.63, net of the accounting and reporting preparation of the Road Network Plan.
Accumulated Depreciation, could guidelines on the local roads asset
not be ascertained due to (a) non- management system and earnestly
conduct of inventory of local roads perform their respective duties and
and non-preparation of the Report responsibilities set forth under COA
of the Local Road Network Circular No. 2015-008 dated
(RLRN) and Report on the Physical October 23, 2015.
Count of Local Road Network
(RPCLRN); (b) non-segregation of 23. We further recommended that, Unimplemented
the cost of each road component of henceforth, the Inventory Management had yet to complete the
the local road projects in the books Committee conduct an annual conduct of the physical inventory of
of accounts; (c) non-maintenance of physical count of all its Local Road Road Networks.
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