The municipality still owes the national government over one million pesos from old, unresolved transactions dating back years. These old balances should have been cleared or investigated long ago.

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Original Audit Finding Excerpt

"20 3.13 Employee Benefits The employees of the Municipality of Pulilan, Bulacan are members of the Government Service Insurance System (GSIS), which provides life and retirement insurance coverage. The Municipality recognizes th e undiscounted amount of short -term employee benefits, like salaries, wages, bonuses, allowances, etc., as expense unless capitalized, and as liability after deducting the amount paid. The Municipality recognizes expenses for accumulating compensated absences when these are paid (commuted or paid as terminal leave benefits). Unused entitlements that have accumulated at the reporting date are not recognized as expense. Non -accumulating compensated absences, like special leave privileges, are not recognized. 3.14 Measurement Uncertainty The preparation of the consolidated financial statements in conformity with PPSAS requires management to make estimates and assumptions that affect the reporting amounts of assets and liabilities, and d"

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