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Findings No.3 COA Annual Audit Report 2004

July 28, 2008

3. The City Accountant did not maintain Registry of Public Infrastructures in violation of Section 04(n) of COA Circular No. 2002-003.

Section 04(n) of COA Circular No. 2002-003 otherwise known as the New Government Accounting System provides that “The Registry of Public Infrastructures (RPI) shall be used to record completed Infrastructures for the use of the general public.” A separate Registry shall be maintained for each class of property or asset, as follows:

- Plazas, Parks and Monuments

- Roads, Highways and Bridges

- Harbors, Seawalls, River walls and others

- Runways

- Waterways, Aqueduct, etc.

- Irrigation canals and laterals

- Reforestation projects

- Other Public Infrastructures

It was disclosed that the City Accountant failed to maintain the Registry of Public Infrastructures (RPI) as required in the Sec. 04 (n) of COA Circular 2002-003.

The management commented that they have partial compliance with the requirement of maintaining a Registry of Public Infrastructures (RPI) only for the projects constructed for the year 2004 wherein only the lump sum amount was reflected in the subsidiary ledgers due to the difficulty in identifying the specific projects since the amount shown in the books was an accumulated balance.

Recommendation:

Require the City Accountant to maintain a Registry of Public Infrastructures (RPI) in conformity with Sec. 04(n) of COA Circular No. 2002-003.


Written by admin · Filed Under Commission on Audit, Tangub City 

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