The town again paid the wrong PAG-IBIG amounts because its payroll paperwork was late and did not line up with the records.

Why It Matters

Recommended Actions

• Direct the (a) HRMO to promptly submit the necessary payroll documents to ensure timely processing and recording of transactions in the books
• And (b) Municipal Accountant and Municipal Treasusrer continue to comply with the regulations on withholding and remitting premiums and loan amortizations within the prescribed period

Original Audit Finding Excerpt

"However, there were still instances of over and under-remittances throughout CY 2023 due to discrepancies in the timing of recording and submission of payroll documents to the MAO, despite previous audit observations."

Source Document