Ref. Status of
Audit Observations Audit Recommendations
Implementation
AO No. unliquidated as of December 31, 2023, given security clearance to have access to such classified information letters to ICFAU, duly
14, page contrary to Section 6.2.2 of COA, to prepare and submit directly to the ICFAU the liquidation reports signed by the Provincial
78 DBM, DILG, Governance and the necessary supporting documents for the above cash advances. Treasurer and Accountant,
Commission for GOCCs, and DND Additionally, we recommended that Management ensure the provision on October 2, 2023, and
Joint Circular No. 2015-01 dated of a copy of the duly received transmittal letters to the Audit Team in March 19, 2024, informing
January 8, 2015, exposing the funds to accordance with Section 6.1.2 of COA-DBM-DILG-GCG-DND Joint the Office of the situation
potential misuse as well as Circular No. 2015-01 dated January 8, 2015. and circumstances.
misstatement of the financial
statements. 25. Management adheres to the prescribed timelines for the liquidation of Implemented
cash advances for confidential funds, as provided under Sections 6.2.2
and 6.2.2.7 of the aforementioned Joint Circular, to ensure financial
transparency, accountability, and overall integrity of fund
management.
2023 The Schedule of Fair Market Values 26. The Provincial Government revisit their SFMV and seek technical Unimplemented: The
AAR, (SFMV) of the Provincial Government assistance from the DOF-BLGF to fast-track the preparation of the Provincial Assessor had
AO No. has not been revised every three (3) updated SFMVs of all municipalities pursuant to Section 212 of the submitted a written request
15, page years since CY 2014, contrary to LGU and cause the drafting of an ordinance for consideration of the to the Governor for a
80 Section 219 of RA No. 7160. Thus, the Sanggunian, incorporating therein the proposed SFMV, assessment supplemental budget;
basis for computing real property taxes level, and tax rate. however, the SFMV had
may not be appropriate, precluding the not yet been drafted and
maximization of its revenue-raising approved.
power to generate additional funds to
finance development projects 27. Management expedites the tax mapping project to update the record Unimplemented
beneficial to its constituents and the of the Province and to facilitate the conduct of the general revision of
general public. real property assessment in adherence to Section 219 of the LGC and
DILG-DOF JMC No. 2010-001, and closely monitor its completion
within the regulatory period of three (3) years.
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