— Republic of the Philippines
fae) Province of Negros Oriental
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s( 's--4) J2} MUNICIPALITY OF VALLEHERMOSO
. V2 J y Vallehermoso, Negros Oriental
= 6224 Philippines
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Statement of Management Responsibility for
Financial Statements
The management of the Municipality of Vallehermoso is responsible for all
information and representations contained in the Statement of Financial Position
as of December 31, 2024 and the related Statements of Financial Performance,
Cash Flows, Changes in Net Assets/Equity and Comparison of Budget and Actual
Amounts for the year then ended. The financial statements have been prepared in
conformity with International Public Sector Accounting Standards 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.
JOHN MICHA BLAS LUTAN, CPA HON. MABIANNE S. GUSTILO
Municip Lalco) ntant Municipal Mayor
February 14, 2025
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