APMT — Page 36 of 90
AGENCY ACTION PLAN and STATUS of IMPLEMENTATION RESULTS of COA VALIDATION
Agency Action Plan (for Partially Implemented
and Not Implemented Recommendations) Reason for Actual
Status of Partial/Delay/ Action Date Status of
Audit Action Plan/ Target Implementation
Ref. Audit Observations Person/ Implemen- Non- Taken/Action Follow Implemen- Remarks
Recommendations Remarks Department Implementati Implementation, Date
Responsible tation to be Taken Up tation
on Date if applicable
From To From To
paragraph 71 of
IPSAS No. 17.
2023 Fund transfers 39. Management The Provincial PGO, Jan Dec Partially Work Overload To be 7/16/25 Partially Beginning balances totalling
AAR, recorded as Due to complies with the Accountant’s Office PAccO Implemented reconciled Implemented ₱3,365,473.78 remained
AO No. NGAs totaling guidelines by will review and outstanding as of June 30, 2025
4, page ₽10,547,022.90 implementing the reconcile the various while the ₱321,856.57 was
45 remained dormant for following courses accounts under Due to reclassified to Due to GOCCs.
ten years or more. of action: NGAs and remit to the
Moreover, the corresponding offices The Provincial Accountant will
inclusion of cash a. Immediately amounts that are due continue to review the accounts
prizes, incentives, and implement the to them. Adjusting and make the necessary
awards received, as projects and entries, if needed, will adjustments upon further
well as trust receipts disburse the funds also be made after verification to correct the
from GOCCs and intended for the further verification to affected accounts.
sources other than benefit of the correct the affected
NGAs, in this account constituents, if still accounts.
is not consistent with viable, and direct
paragraph 27 of the Provincial Prizes, incentives and
IPSAS 1 and COA Accountant to the like are now treated
Circular No. 2015-009 immediately as Other Income or
dated December 1, liquidate the funds Trust in the General
2015, thus misstating received if the Fund for those with
the balance thereof by projects have specific purpose.
₽12,734,346.85. already been
implemented or
completed.
Likewise, excess
funds from
completed projects
shall be returned to
the source agency;
b. Require the
Provincial
Accountant to
review and reconcile
the unliquidated
fund transfers from
the source agencies
and prepare the
necessary adjusting
entries. If review