Malaybalay City 2008 COA Audit

July 1, 2010

II. VALUE-FOR-MONEY AUDIT
The Audit Team had also conducted a Value-for-Money (VFM) Audit, also known as Performance Audit, to determine the efficiency, economy and effectiveness of the Agency’s utilization and usage of its funds and resources and to ascertain the Agency’s level of accomplishment in relation to its objectives and projected outputs.
For CY 2008, the audit was focused on the Agency’s implementation of its infrastructure projects. Taking into consideration the impact and effect of infrastructure projects to the majority of the component barangays of the City, the Audit Team deemed it proper to evaluate the City’s performance n this area.
For the year in review, the City Government was able to successfully complete ninety-two (92) infrastructure projects with an aggregate amount of P 46,100,104.78. These projects covers concreting of roads, electrification projects, construction of post-harvest facilities, barangay health stations, school buildings, office buildings and barangay multi-purpose halls. A complete list of these projects is attached hereto as Annex G.
Of the ninety-two (92) projects completed, thirty of these were funded from prior years’ appropriation (CY 2006 and 2007) and the sixty-two (62) remaining projects are funded from the current year’s appropriation.
To conclude, the Audit team is of the opinion that the City Government of Malaybalay had judiciously and efficiently managed and utilized its funds and resources to address the needs of its constituents. With effective planning, the Management was able to identify the proper priority projects and in the implementation of these projects, they employed fiscal prudence in the utilization of their funds.

Written by rage · Filed Under Malaybalay City

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