APMT — Page 68 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
2, page   Provincial Accountant        immediate              send a demand letter                                                               liquidations
   40     process and take up          liquidation of funds requiring liquidation of                                                             were received
          liquidations of funds        transferred         to funds transferred.
          transferred to various       different agencies
          national government          and to ensure that
          agencies,                    subsequent fund
          government-owned             transfers           be
          and/or        controlled     granted, utilized
          operations,        local     and liquidated in
          government units and         accordance with
          non-government               COA Circular No.
          organization/peoples’        94-013          dated
          organizations                December           13,
          amounting             to     1994; b) confirm
          ₱82,920,937.16,              and          reconcile
          which         remained       balances with the
          unliquidated for more        IAs; c) prioritize
          than one year to more        verification of the
          than five years,             liquidation reports
          contrary to Section 4.6      submitted by the
          of COA Circular No.          IAs       to avoid
          94-013            dated      overstatement of
          December 13, 1994            the         receivable
          and Section 5 of COA         accounts in the
          Circular No. 2007-001        financial
          dated October 25,            statements; and d)
          2007,          exposing      ensure that funds
          government funds to          are released to IAs
          possible loss for            only when covered
          failure of recipients to     by an agreement
          account for the funds        or contract and
          and overstated, as           funds released to
          well, the receivables of     IAs are correctly
          the Province as of           taken up in the
          December 31, 2020.           books as trust
                                       liabilities         by
                                       requiring them to
                                       submit a copy of
                                       the journal entry
                                       voucher taking up
                                       the funds received.