The municipality has been holding about 1 million pesos of unspent money from national government agencies for more than ten years, but has no records to support it, which violates COA rules requiring timely remittance or write-off of dormant fund balances.

Why It Matters

Recommended Actions

• The MA, in coordination with other Municipal Offices to exert efforts in identifying the source of funds for the unexpended balances totaling ₱1,049,028.32. Otherwise, prepare the necessary documents to request a write-off from the books as prescribed under COA Circular No. 2016-005, if warranted
• And

Original Audit Finding Excerpt

"of the reported year-end balance of the Due to NGAs account amounting to ₱14,018,589.05, ₱1,049,028.32 comprised of dormant unexpended balances that had been held by the Municipality for over 10 years due to the absence of relevant records, in violation of COA Circular No. 2012-001 dated June 14, 2012."

Source Document