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SiPAT

Uncollected Market Rentals and Expired Lease Agreements

Baliwag City · 2024

Severity: ModerateRecommendation: Unknown

What Happened?

Category: Revenue ManagementIssue: Internal Control

The city is not collecting rent from market stall holders effectively. Many tenants owe back rent, and some are still using stalls even though their contracts have expired. This causes the city to lose money.

Why It Matters

Recommended Actions

No recommendations are available for this finding yet.

Original Audit Finding Excerpt

"The lenient implementation of market rules and regulations, as well as the failure to renew and/or require the execution of new lease contracts/agreements with stall occupants, resulted in inefficient revenue collection and the accumulation of uncollected market rentals totaling ₱5,779,253.25. Additionally, several tenants continued to occupy market stalls despite the expiration of their lease agreements."

Source Document

BaliwagCity2024_Audit_Report.pdf

Baliwag City · 2024 AAR · 3 files