The City did not finish checking its physical count of property, plant, and equipment against its records, so it could not update the accounting books for those items.

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Original Audit Finding Excerpt

"The PPE accounts, except for Land, Land Improvements, Infrastructure Assets , and Buildings and Other Structures, were not adjusted in the books since the reconciliation of physical inventory report against PPE ledger cards by the CGSO is ongoing as at December 31, 2024."

Source Document