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INTRODUCTION
Some 94 kilometers from the City of Manila lies the Municipality of Cuenca.
With the natural majestic backdrop of Mt. Maculot, it is strategically located at the heart
of Batangas Province. It is a part of the Taal Lake region with the historic Mt. Maculot
overlooking the Taal Volcano. The town of Cuenca is known for its natural, historic and
cultural attractions. Originally called “Makulog” by the early settlers, it was converted
into town on November 7, 1876. It was named Cuenca by then Governor Paez because of
its cold breeze and beautiful scenic spots resembling almost perfectly his hometown
Cuenca in Spain.
Key Officials
Municipal Mayor Hon. Celerino A. Endaya
Municipal Vice Mayor Hon. Romulo P. Cuevas
Sanggunian Bayan Members Hon. Grace R. Comia
Hon. Niña Neila P. Verdan
Hon. Danilo L. Magsombol
Hon. Geraldine L. Yu
Hon. Aurea P. Pantas
Hon. Danilo M. La Rosa
Hon. Crispin J. Magsombol
Hon. Lordlito M. Hoseña
Mr. David Limbo
Municipal Accountant Mr. Gregorio M. Endaya
Municipal Treasurer Ms. Luisa M. Limbo
FINANCIAL HIGHLIGHTS
For Calendar Year (CY) 2017, the Municipality of Cuenca generated a total
income of ₱98,630,272.44, of which, 83% was derived mainly from Internal Revenue
Allotment and the rest are locally generated such as local taxes, permits and licenses,
service, business and interest income. To carry out the projects, programs and activities
of the Municipality, the appropriations and allotments for CY 2017 totaled
₱119,277,949.60 while the obligations totaled ₱78,702,298.31, leaving an unexpended
allotment of ₱40,575,651.29.
The total assets, liabilities, equity, income and expenses for CY 2017 compared
with that of the preceding year are as follows:
Increase
CY 2017 CY 2016 (Decrease)
Comparison of the total assets, liabilities, equity, income and expenses for CY
2017 and 2016 is presented as follows:
As shown in the above graph, except for liabilities, everything increased in values
for CY 2017. The Municipality’s equity is composed of assets mainly financed from
income from Internal Revenue Allotment and has low-reliance on liabilities.
AWARDS AND CITATIONS
National Level:
Fully Functional Local Social Welfare and Development (LSWDO)
Best Micro Enterprise Model to Pantawid Community Store
Regional Level:
Bangon Kabuhayan Best Local Government Unit Engagement in
CALABARZON
Provincial Level:
th th
Best Municipality - 4 - 6 class municipalities
th th
Best Municipal Mayor - 4 - 6 class municipalities
Confernment Qualifier 2017 Seal of Good Local Governance awarded by
Department of the Interior and Local Government
th th
Best Municipality in Governance - 4 - 6 class municipalities
Most Outstanding Municipal Women Coordinating Council (MWCC)
MAJOR ACCOMPLISHMENTS
SCOPE OF AUDIT
Financial and compliance audits were conducted on the accounts and operations
of the Municipal Government of Cuenca for Calendar Year 2017. It included analysis of
accounts of the financial statements, review of transactions and test of compliance with
financial rules and regulations. The audit was conducted to ascertain the fairness and
reliability of the Municipality of Cuenca’s financial position and results of operations,
and to determine whether the Municipality’s operations were conducted in compliance
with applicable laws, rules and regulations as well as the economical, efficient and
effective utilization of resources.
AUDIT OPINION
The Auditor rendered a qualified opinion on the fairness of the presentation of the
financial statements of the Municipality due to the following:
2. The accuracy and reliability of Real Property Tax (RPT) Receivable and Special
Education Tax (SET) Receivable totaling ₱3,078,231.34 could not be ascertained
due to discrepancies with the Municipal Treasurer’s Office’s reported balance of
₱3,577,062.90 in their report of delinquent real property and special education
taxes of December 31, 2017, thereby incurring a total difference of ₱498,831.56,
thus, affecting the fair presentation of the financial statements.
3. Cash Flows in the Statement of Cash Flows were not properly classified thereby
affecting cash balances for operating and investing activities. Also, the
disclosure requirements in the Notes to Financial Statements under the Philippine
Public Sector Accounting Standards (PPSASs) and the required pro-forma Notes
to Financial Statements prescribed in Section No. 3.4 of COA Circular No. 2016-
004 dated September 30, 2016 were not fully observed, thus, affecting the fair
presentation of the financial statements and full disclosure on the financial
position and performance of the Municipality.
For the exceptions cited above, the Audit Team recommended the following
courses of action:
We recommended that the LDRRM Council headed by the Municipal Mayor to: