EXECUTIVE SUMMARY
Introduction
The Municipality of Valencia became a town of Negros Oriental by virtue of Republic Act
No. 252 dated June 14, 1948. Its original name was Nueva Valencia, which was later
changed to Luzuriaga, and finally to Valencia. It is currently classified as a first-class
Municipality per Bureau of Local Government Finance (BLGF) Memorandum Circular No.
01-M(30)-5 dated December 16, 2005.
As of December 31, 2024, it had a personnel complement of 913, as shown below:
Nature of Appointment to Office Quantity
Elective Officials 12
Permanent Positions 153
Casuals/Contractuals 35
Job Orders 707
Co-terminous 6
Total 913
Audit Objective
The objective of the audit is to (a) ascertain the fairness of the presentation of the financial
statements; (b) ascertain the propriety of financial transactions and compliance with
prescribed rules and regulations; (c) recommend agency improvement opportunities; and (d)
determine the extent of implementation of prior years’ audit recommendations. The
performance audit was likewise conducted with the objective of informing management
where improvements can be instituted in the areas of revenues, expenditures, and
management of resources.
Audit Methodology
The Commission has been implementing a risk-based audit in the conduct of its audit
services. However, to meet the evolving developments in public governance and fund
management, the results-based approach in the audit was incorporated.
Scope of Audit
An audit was conducted on the accounts and operations of the Municipal Government
of Valencia for CY 2024. The audit consisted of a review of operating procedures,
evaluation of the LGU’s programs and projects, interviews with concerned
government officials and employees, verifications, reconciliations, confirmations,
inspections, and analyses of accounts, and such other procedures considered necessary.
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