Ref. Status of
Audit Observations Audit Recommendations
Implementation
2023 Fund transfers recorded as Due to 7. Management complies with the guidelines by implementing the Unimplemented: A
AAR, NGAs totaling ₽10,547,022.90 following courses of action: dormant fund transfer
AO No. remained dormant for ten years or totaling ₱32,470.45 under
4, page more. Moreover, the inclusion of cash a. Immediately implement the projects and disburse the funds the General Fund remained
45 prizes, incentives, and awards intended for the benefit of the constituents, if still viable, and direct outstanding as of
received, as well as trust receipts from the Provincial Accountant to immediately liquidate the funds December 31, 2024.
GOCCs and sources other than NGAs, received if the projects have already been implemented or Additionally, the Due to
in this account is not consistent with completed. Likewise, excess funds from completed projects shall NGAs (excluding PDAF)
paragraph 27 of IPSAS 1 and COA be returned to the source agency; under the Trust Fund,
Circular No. 2015-009 dated amounting to
December 1, 2015, thus misstating the b. Require the Provincial Accountant to review and reconcile the ₱64,935,355.55 and aged
balance thereof by ₽12,734,346.85. unliquidated fund transfers from the source agencies and prepare over five (5) years, also
the necessary adjusting entries. If review and analysis of dormant remained outstanding at
accounts is not possible due to the absence of records and year-end.
documents, observe the procedures for the proper disposition of
dormant accounts as provided under Section 7.0 of COA Circular The Provincial Accountant
No. 2023-008. will continue review the
accounts and make the
c. Direct the Provincial Accountant to verify the validity of the necessary adjustments
obligations erroneously recorded under Due to NGAs and upon further verification to
thereafter prepare the necessary adjusting journal entries to correct correct the affected
the balances of the accounts. accounts.
d. Identify the cause of the negative balances and make necessary
adjustments accordingly to reflect the correct balances of the
affected accounts.
2023 Fund transfers recorded as Due to 8. Management review and revisit the Memorandum of Agreement Unimplemented: Only
AAR, NGAs for Priority Development (MOAs) to determine the conditions of the grants and institute action ₱1,500,000.00 of the fund
AO No. Assistance Fund (PDAF) amounting to against the defaulting NGOs/POs and IA pursuant to the provisions of transferred to Bais City
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