The municipality's cash balance was reported lower than it actually was because a cash advance that was returned by an employee was not entered into the accounting records before the end of the year.

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Original Audit Finding Excerpt

"understatement of the Cash in Local Treasury (CLT) account reported balance as of December 31, 2022 amounting to ₱17,262,316.40 by ₱24,627.98 owing to non-recording in the books of returned cash advance by an accountable officer (AO) as at year-end"

Source Document