REPUBLIC OF THE PHILIPPINES
COMMISSION ON AUDIT
REGIONAL OFFICE NO. VII
PROVINCE OF NEGROS ORIENTAL
PROVINCIAL SATELLITE AUDIT OFFICE
E.J. Blanco Drive, Piapi, Dumaguete City
Local Government Audit Sector
Audit Group LGAS – G (Negros Oriental 2)
Office of the Auditor – Audit Team R7-03
May 29, 2025
ENRIQUITO A. BULOS
Supervising Auditor
LGAS G – Province of Negros Oriental 2
Dumaguete City
Sir:
In compliance with Section 2, Article IX-D of the Philippine Constitution, and pertinent sections
of Presidential Decree No. 1445, we conducted a financial and compliance audit on the accounts
and operations of the Municipality of Vallehermoso for the year ended December 31, 2024.
The audit was conducted 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.
Our report consists of four parts: Part I presents the Audited Financial Statements, Part II
presents the details of our significant Audit Observations and Recommendations, which were
discussed with Management officials and staff on May 27, 2025, Part III presents the Status of
Implementation of Prior Years’ Audit Recommendations, and Part IV contains the Appendices.
In our opinion, except for the effects of the matters described in the Bases for Qualified Opinion
paragraph in the Independent Auditor’s Report, the combined financial statements present fairly,
in all material respects, the financial position of the Municipality of Vallehermoso as of
December 31, 2024, and its financial performance and its cash flows for the year then ended in
accordance with the International Public Sector Accounting Standards (IPSAS).
