Commission on Audit

E. SUMMARY OF SIGNIFICANT AUDIT OBSERVATIONS AND

RECOMMENDATIONS

For calendar year 2016, the following re the favorable observations that were
noted:

1. The Municipal Government was able to overshoot its target revenues from local
sources for the calendar year 2016 of P24,623,516.69 by P5,634,326.86 or
22.88%.
2. The Municipality received the following citations and awards:
National Quality Corn Achievers Award (NQCA) for Agricultural Extension
Workers
Plaque of Recognition (For its effortless compliants to Mother-Baby Friendly
Initiative Facility by implementing practices that project, promote and support
breastfeeding)
National Tuberculosis Program Above and Beyond Award (For exemplary
performance that goes above and beyond service delivery, showing
exceptional initiatives, perseverance, quality health care and organizational
sustainability)
Certificate of Recognition Gawad Saka Search for Outstanding Agricultural
and Fishery Achiever
Fully Functional Local Social Welfare and Development Office

3. GSIS contributions were properly withheld and were remitted before due dates
during the year.
4. The Municipal Accountant submitted the year-end financial statements on
January 26, 2017 beating early the deadline of submission which is February 14.
5. Payments for the amortization of loans and interest thereon were paid on time, in
accordance with the loan agreement. No penalties and surcharges were incurred
by the Municipal Government on their loans in 2016.

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6. The Municipal Government consistently withheld taxes on employees

compensation and other payments made pursuant to Revenue Regulation No. 2-98
dated April 17, 1998 and remitted the same to the Bureau of Internal Revenue
(BIR) PURSUANT TO Department of Finance (DOF) Department of Budget
and Management (DBM) Commission on Audit (COA) Joint Circular No. 1-
2000A dated July 31, 2001 hence the Municipality was able to contribute to the
national governments pursuit to collect more taxes.

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