Transfer Certificates of Title not transferred to the City
Baliwag City · 2023
Severity: HighRecommendation: Unknown
What Happened?
Category: Financial ManagementIssue: Non-complianceThe city does not have legal title to eight properties it claims, which could lead to ownership disputes or loss of those properties.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"The Transfer Certificates of Title (TCTs) on eight parcels of land with a total land area of more or less 23,085 square meters with a market value totaling ₱20,409,040.00, have still not been transferred to t he name of the City, contrary to Section 148 of COA Circular No. 92-386 dated October 20, 1992. Hence, absolute right or legal ownership was not established, exposing the properties to third-party claims."
