The city did not follow the planned payment schedule for its loan interest and moved the leftover money to the general fund instead of using it for the loan.

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Original Audit Finding Excerpt

"Regarding the ongoing loan payment, the allocated budget for loan interest totaling ₱35,374,863.70 and the anticipated loan payment schedule were not followed, as payment dates were adjusted. As of year-end, only ₱8,502,819.07 had been paid, and the remaining balance was treated as savings and transferred to the GF."

Source Document