COA findings on LGU Tinambac discovered P19.38 Million unexplained disbursements, and more issues.
Unexplained disbursements, land purchased without legal documents of ownership, and unliquidated cash advances placed a heavy burden to answer from the Local Government of Tinambac, Camarines Sur.
These are some of the striking highlights of the Commission on Audit’s (COA) year 2020 report of the Local Government of Tinambac as posted in its official website.
The Local Government Unit of Tinambac is currently headed by Mayor Ruel Tuy and Vice Mayor Belle Prades.
These are the findings of COA audit team as reported in the official document:
- “216 paid and recorded disbursement vouchers and corresponding documents totalling P19.38 Million were not submitted for audit, thus the validity, accuracy and propriety of the transactions were not validated.”
- “Land totalling P18.021 Million lacked legal documents of ownership, casting doubts on its validity in the absence of proof of the rights and ownership thereof.”
- “Cash advances totalling P17.797 Million remained unliquidated at year-end, thus failing to recognize expenses in the period/s to which they relate and overstating the receivables and equity accounts by the same amount.”
According to the report, the audit team communicated these observations and made accompanying recommendations to representatives of LGU Tinambac, through the issuance of an Audit Observation Memorandum (AOM).
These were discussed during an exit conference conducted on March 30, 2021.
COA rules state that LGUs must address these concerns immediately to prevent a Notice of Suspension or a Notice of Disallowance from being served.
These notices declare that the LGU concerned have used these amounts in questionable, if not illegal, terms.
So far, there is no report yet if the LGU corrected the issues identified by COA audit.