The city received donated vehicles but did not record them as assets because the paperwork wasn't complete, understating its assets.

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Original Audit Finding Excerpt

"Summarized below are the other transportation equipment donated to the City in CY 2022 which was not recognized in the books due to unavailability of MOA: • 1 unit of Ambulance from Congresswoman Augustina Dominique C. Pancho • 1 unit of Bus from Baliwag Transit, Inc. • 1 unit of Bus from Golden Bee Transport • 1 unit of Bus from JAC Liner Inc."

Source Document