The municipality could not prove it owned property and equipment worth more than 537 million pesos because it did not have official receipts and certificates of registration for 11 of its vehicles, and one vehicle was not recorded in its books at all.

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Original Audit Finding Excerpt

"(b) the Municipality’s assertions on the accuracy and ownership of the reported carrying value of PPE accounts totaling ₱537,202,494.70 were not established due to (i) the absence of Official Receipts and Certificates of Registration (ORs/CRs) in the name of the Municipality for 11 motor vehicles recognized in the books; and (ii) an unrecognized motor vehicle in the books;"

Source Document