The City lost the title document for a piece of land it bought, and is now going through the legal process to get a new one.

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Original Audit Finding Excerpt

"16 PPE account Carrying Amount January 1, 2024 Additions Total Adjustments Acquisitions Machinery and Equipment 144,235,451.17 5,140,568.40 46,202,212.50 195,578,232.07 Transportation Equipment 82,667,916.20 3,298,000.00 9,961,464.12 95,927,380.32 Furniture and Fixtures 5,546,742.66 77,000.00 164,800.00 5,788,542.66 Construction-in-Progress 5,045,139.53 17,990,509.85 260,298,036.03 283,333,685.41 Other PPE 7,717.50 0.00 0.00 7,717.50 Total ₱678,506,402.64 ₱73,282,317.78 ₱414,685,658.94 ₱1,166,474,379.36 PPE account (cont.) Deductions Carrying Amount Dec. 31, 2024 Adjustments Depreciation Land ₱778,325.70 ₱0.00 ₱259,655,112.33 Land Improvements 0.00 379,392.00 3,127,835.80 Infrastructure Assets 0.00 18,163,607.09 135,187,560.26 Building and Other Structures 0.00 5,975,073.59 162,571,914.63 Machinery and Equipment 4,271,758.00 23,863,490.61 167,442,983.46 Transportation Equipment 0.00 15,222,60"

Source Document