4.4 The following deficiencies were noted in the Municipality's transactions for the year:
Misclassification of Semi-Expendable Properties under Other Supplies and
Materials Inventory
4.5 Our review of CY 2024 transactions revealed that acquisitions amounting to
₱627,373.00, which meet the criteria for semi-expendable properties, were
erroneously recorded under Other Supplies and Materials Inventory instead of the
appropriate semi-expendable accounts.
4.6 The items involved include various equipment and furnishings, all individually
valued below the ₱50,000.00 capitalization threshold, and are as follows:
Particulars Amount
Printer Brother DCP-7 7200W 3-in1 ink tank ₱ 14,990.00
Steel Cabinet 4 Drawers Lateral Jersey Brand 16,000.00
Window Type 2.5 HP Inverter Koppel 47,595.00
Split Type 2.5HP Condura FP53KSVO24313 42,717.00
Lenovo Ideapad 3151 AU7-82KK004a PH Core i7 1255U 49,950.00
Acer A515-56G-5186 i5 47,695.00
Acer Laptop A315-24P-R5GC 39,850.00
Sharp Aircon 2.0 HP AH-X20ZF 42,017.00
Power Sprayer 1.5HP Emerald 10,500.00
Sharp Aircon 1.5HP AH-X15ZF 32,726.00
Monoblock Chairs Brand: Uno for Brgy. Calango 16,500.00
Steel Jersey Cabinet 16,000.00
Sharp Aircon Split Type 1.5HP AF-XG15ZCF 28,151.00
Wheelchairs Avimed for Adult 21,000.00
HP Laptop 15s-FQ5216TU 39,799.00
Crutches and Walker VMED for Senior Citizen and PWD 7,529.00
EPSON Projector H916C EB-X51 w/ Tripod 38,200.00
Condura Split Type Aircon 2.5HP FP53KPV024313 38,901.00
Lenovo Laptop Ideapad 3 CB 14IGL05 N4020 18,950.00
Window Type Aircon G.E 2.5HP AEV24KP 24,999.00
Wheelchair Avimed and Walker Avimed 17,579.00
Monoblock Uno Chairs 15,725.00
Total ₱ 627,373.00
4.7 According to the Municipal Accountant, he began recording newly acquired
semi-expendable items under Other Supplies and Materials Inventory when COA
Circular No. 2022-004 was issued. However, the necessary reclassification to the
correct semi-expendable property accounts has not been made due to his delayed
awareness of COA Circular No. 2024-006, which provides supplemental accounting
guidelines. The continued misclassification of these items misstates the various
inventory accounts involved.
43
