Findings No.4 COA Annual Audit Report 2006

July 28, 2008

4. No special account was maintained in the General Fund for the economic enterprises contrary to Section 313 of R.A. 7160 and Sections 105 and 110, Volume I of the New Government Accounting System Manual thus the operational viability of the projects cannot be ascertained. Read more

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Findings No.3 COA Annual Audit Report 2006

July 28, 2008

3. Completed Public Infrastructure project of Artesian Wells, Reservoirs, Pumping Station and Conduits amounting to P10,882,346.88 and Irrigation Canals and Laterals amounting to P425,352.87 still remained in the General Fund books in violation of the provision of Sec. 50, Volume I of the New Government Accounting System Manual. Read more

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Findings No.2 COA Annual Audit Report 2006

July 28, 2008

2. Land and Office Building amounting to P2,527,610.74 and P4,488,485.14, respectively, charged against the Trust Fund accounts were not transferred to the General Fund books after the completion of the projects contrary to the provisions of Sec. 97 AND 104, Volume I of the New Government Accounting Manual, as amended providing pro-forma accounting entries of the transactions. Read more

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Findings No.1 COA Annual Audit Report 2006

July 28, 2008

Out of the total cost of the Property, Plant and Equipment of the P447,197,901.54, the validity and accuracy of the account Property, Plant and Equipment amounting to P196,187,686.19 could not be ascertained due to the failure of the City General Services Office to complete the conduct of the physical inventory of the said account.

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Findings No.6 COA Annual Audit Report 2005

July 28, 2008

Cash advances of P670,000.00 was granted to the City Treasurer without specific purpose and supporting documents contrary to Section 89 of P.D. 1445 which resulted to LGUs weak control over its resources. Read more

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Findings No.5 COA Annual Audit Report 2005

July 28, 2008

Review of contracts by the Regional Technical Services Office, Commission on Audit resulted to the disallowance amounting to P98,242.24.

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Findings No.4 COA Annual Audit report 2005

July 28, 2008

Failure of the City Engineer and Technical Working Committee to submit the lacking documents of the contracts subjected to review and inspection totaling P28,331,407.74 and P5,841,671.54, respectively, resulted to the delay on the review and inspection by the Regional Technical Services Office (RTSO), Commission on Audit. Read more

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Findings No.2 COA Annual Audit Report 2005

July 28, 2008

Turn-over of collections were delayed for 1-69 days at amount up to P101,732.04 in violation of Section 29 of the New Government Accounting System Manual thus, exposing government funds to risk of loss thru misuse or theft. Read more

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Findings No.1 COA Annual Audit Report 2005

July 28, 2008

The Inventory Committee failed to conduct a physical count of the property, plant and equipment valued at P409,432,344.49 in violation of the provisions of Section 124 of NGAS Manual thus rendering the account balance doubtful. Likewise, the Accounting and General Services Office failed to maintain the appropriate ledger and property cards in violation of Sec. 114 of same manual. Read more

Written by admin · Filed Under Commission on Audit, Tangub City | Leave a Comment