The town reported spending disaster relief money, but nearly ₱487,000 had not actually been paid out before the year ended. As a result, the reported spending is too high and the remaining fund balance is too low.

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Original Audit Finding Excerpt

"27 Due to BIR General Fund SEF Trust Fund Total Taxes withheld from Employees 189,774.75 0.00 116,006.54 305,781.29 Total ₱ 5,343,986.37 ₱ 1,217,306.83 ₱ 306,301.36 ₱6,867,594.56 Due to GSIS General Fund SEF Trust Fund Total Conso Loan ₱ 34,888.35 ₱ 0.00 0.00 ₱ 34,888.35 Policy Loan 4,100.00 0.00 0.00 4,100.00 Emergency Loan 55,360.59 0.00 0.00 55,360.59 Life/Retirement Premium 1,790,788.83 0.00 0.00 1,790,788.83 Employee Compensation 23,500.00 0.00 0.00 23,500.00 Multi-Purpose Loan 261,403.69 0.00 0.00 261,403.69 MPL Lite 12,661.11 0.00 0.00 12,661.11 Total ₱ 2,182,702.57 ₱ 0.00 ₱ 0.00 ₱ 2,182,702.57 Due to Pag-IBIG General Fund SEF Trust Fund Total Contribution ₱ 94,000.00 ₱ 0.00 0.00 ₱ 94,000.00 Multi-Purpose Loan 66,299.04 0.00 0.00 66,299.04 Calamity Loan 22,645.61 0.00 0.00 22,645.61 MP2 44,000.00 0.00 0.00 44,000.00 Total ₱ 226,944.65 ₱ 0.00 ₱ 0.00 ₱ 226,944.65 Due to PhilHealth General Fund SEF Trust Fund Total Contribution ₱ 360,159.75 ₱ 0.00 0.00"

Source Document