Ref. Audit Observations Audit Recommendations Status of Implementation
ascertained due to (a) non-conduct of guidelines on the local roads asset
inventory of local roads and non- management system and earnestly
preparation of the Report of the perform their respective duties and
Local Road Network (RLRN) and responsibilities set forth under
Report on the Physical Count of COA Circular No. 2015-008 dated
Local Road Network (RPCLRN); (b) October 23, 2015.
non-segregation of the cost of each
road component of the local road 28. We further recommended that, Unimplemented
projects in the books of accounts; (c) henceforth, the Inventory Management had yet to conduct the
non-provision of depreciation for Committee conduct an annual physical inventory count.
LRN items; (d) non-maintenance of physical count of all its Local Road
the Local Road Network Ledger Networks and the results thereof
Card (LRNLC) by the Municipal reported in the RPCLRN to be
Accountant and Local Road submitted to the Auditor and
Inventory and Road Map and Local Accounting Unit not later than
Road Network Property Card January 31 of each year. The
(LRNPC) by the Property Officer; RPCLRN shall be reconciled with
and (e) non-disclosure of the total the accounting records, and the
road networks in the Notes to the necessary adjusting entries be
Financial Statements (FS), contrary prepared before the statement date.
to COA Circular No. 2015-008 dated
November 23, 2015, thereby,
affecting the fair presentation of the
account in the financial statements.
AAR 12. The cashbooks maintained by 29. We recommended that the Local Unimplemented
2022 the accountable officers were neither Chief Executive require the Management had yet to completely
p.40 updated and balanced daily, ruled Municipal Treasurer to promptly update the cashbooks.
and footed, nor closed at the end of update, balance, and certify the
each month, while the required collections, deposits, and
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