The City still has two pieces of equipment (a generator and a jackhammer) that cannot be found, but they are still listed as assets worth over half a million pesos. The City has not been able to resolve this because the paperwork showing who is responsible for them is missing.

Why It Matters

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Original Audit Finding Excerpt

"The previous years’ observation on unlocated equipment remained unresolved in the current year, resulting in an overstatement of the total carrying value of PPE accounts by ₱513,844.17."

Source Document