The municipality could not prove that it owns several vehicles on its asset list because 11 vehicles lacked registration documents and one vehicle was not recorded in the accounting records at all.

Why It Matters

Recommended Actions

• Require the (a) General Services Office (GSO) Officer to facilitate the registration and transfer of ownership of 11 motor vehicles in the name of the Municipality
• And (b) MA to (i) record in the books the unrec orded transportation equipment funded by TF
• And (ii) in coordination with GSO Officer to submit the lacking requisite documents on the purchase of a parcel of land.

Original Audit Finding Excerpt

"the Municipality’s assertions on the accuracy and ownership of the reported carrying value of Property, Plant, and Equipment (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