The municipality continued to make mistakes in remitting GSIS premiums and loan payments, and the amount it reported as due to GSIS at year-end did not match what it actually remitted the next month, so the accuracy of that account balance could not be confirmed.

Why It Matters

Recommended Actions

• Instruct the MA and the HRMO Officer (a) to put in extra effort to immediately trace the source of discrepancies in their records and reconcile them with the GSIS to effect necessary adjustments in the books, if any
• And (b) in coordination with the MT to strictly comply with the withholding and timely remittance of monthly contributions and loan payments to GSIS.

Original Audit Finding Excerpt

"1 ACTION PLAN MONITORING TOOL Sector: Local Government Audit Sector Prepared by: ATL Rachel Mary Angela C. Murillon Date: Team: R3-11, LGAS – C, Province of Bulacan Reviewed by: Date: Agency Audited: Municipality of Pulilan Approved by: SA Elsa SB. Puno Date: Audit Period: For the Calendar Year 2023 AAR Date: June 28, 2024 AGENCY ACTION PLAN and STATUS of IMPLEMENTATION RESULTS of COA VALIDATION Ref. Audit Observation Audit Recommendation AGENCY ACTION PLAN Status of Implemen- tation Reason for Delay/ Non- Implemen- tation (if applicable) Action Taken/ Action to be Taken Date of Follow-up Status of Implemen- tation Actual Implementation Date Remarks Action Plan Person/ Dept. Responsible Target Implem. Date From To From To AAR CY2023 Par. 1 – 1.3 pp. 44- 46 The reported balance of the CLT account amounting to ₱30,141,696.25, was understated by ₱4,999.98 due to unrecognized collections from the returns of cash"

Source Document