The municipality cannot account for a large portion of its buildings, equipment, and other property. Records don't match, and some items cannot be found. The issue is still unresolved.

Why It Matters

Recommended Actions

• Authorize the PMT to be temporarily relieved of all their regular duties to devote full time in the conduct of the physical inventory taking until the same is completed
• And

Original Audit Finding Excerpt

"The existence, completeness, and valuation of the PPE items with carrying value of ₱334,029,923.93 as of December 31, 2021 could not be ascertained due to unlocated properties and unreconciled records of the MAO vis-à-vis the Property Management Team’s (PMT) physical inventory amounting to ₱103,526,852.37 contrary to Section 6.3 of COA Circular No. 2020-006 dated January 31, 2020."

Source Document