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Findings No.7 COA Annual Audit Report 2006

July 28, 2008

7. The City Economic Enterprises could have augmented its income by P2,758,420.42, more or less, had the LGU initiated some new policies/effective tools to increase collections and to be able to collect the delinquent taxes from stall owners, which proceeds could have been channeled to some productive endeavors.

Verification disclosed that for CY 2006, per data gathered the amount of P2,758,420.42 still to be collected from stall rentals and taxes imposed on them daily. The list of receivables further revealed that there are some stall owners occupying more than one stall, and records showed that rental receivable accumulated to P2,758,420.42. (Appendix B)

Upon ocular inspection on the site, it was observed that some stalls are closed and vacant and that the market vendors are already outside displaying their goods.

The situation occurs because management failed to monitor and/or evaluate the status of the project to determine whether policies promulgated could still be feasible or effective tools nowadays.

It was further revealed that the Collectors have been diligently doing their duties, even reported for work during holidays, Saturdays and Sundays, however despite their efforts, they still remains uncollected. Rental amounting to P2,758,420.42, if collected this could be channeled to other productive endeavors.

RECOMMENDATION:

The authorities concerned should evaluate existing policies and ordinances particularly on stall rentals. Further, offer to other interested occupants, the stalls rented by these delinquent stallholders, who could not afford to pay the tax imposed.

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

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