Continuing Appropriation: ₱ ₱ ₱
Special Trust Fund
CY 20__ ₱ ₱ ₱
CY 20__
CY 20__
CY 20__
CY 20__
Total
Total ₱ ₱ ₱
6.3 During the audit, we noted that the amount of the LDRRMF Current Year
Appropriation presented in the Notes to FS reflected only the initial annual
appropriation of ₱8,040,962.35 along with a portion of the supplemental budget
amounting to ₱4,215,422.82. The budget revisions made during the year were not
fully considered. In fact, the final amount of the LDRRMF appropriation for CY
2024, as indicated in the LDRRMFIP and LDRRMFIP Addendum No. 1, was
₱13,821,385.17. Thus, a difference of ₱1,565,000.00 was not disclosed in the Notes
to FS as of December 31, 2024.
6.4 A review of the addendum to the LDRRMFIP showed additional appropriations,
however, the corresponding numerical or narrative disclosures included in the Notes
to FS were incorrect.
6.5 The Notes to FS provide explanatory details on the accounts and accounting policies
that enhance the value and clarity of the financial statements. Since the preparation of
the FS, including the Notes, is the responsibility of Management, it must be carried
out with diligence and accuracy in both substance and form.
6.6 We recommended that, henceforth, the Municipal Accountant take into account
the budget revisions made during the year to ensure that the current year
appropriations for the LDRRMF are accurately disclosed in the Notes to FS as
of December 31.
6.7 The Municipal Accountant submitted a corrected disclosure reflecting the previously
omitted amounts and committed to properly disclose the LDRRM utilization
henceforth.
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