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Oroquieta City 2008 COA Audit 6

July 1, 2010

6.
The city incurred a net loss of P3,780,449.67 at year end due to management’s failure to monitor and strictly follow the budget, in violation of the provisions of Section 235 of Republic Act (RA) 7160, that reduced its capacity to pay current  obligations.
The financial statements are reports that show what had happened in the past and give some indications of what can be expected.   While it is true that the same would serve as a measure of operational performance, it should be one of the tools for self-evaluation, planning and controlling costs.
The Statements of Income and Expenses (SIE) for the year ended December 31, 2008 showed a total net loss of  P3,780,449.67:

TOTAL
General Fund
Special Education Fund
Income
P    243,680,725.96
P    240,425,093.53
P    3,255,632.43
Less:

Expenses
237,621,636.06
233,154,369.80
4,467,266.26
Subsidies
Donations
1,831,248.81
8,008,296.76
1,831,242.81
7,948,296.76
60,000.00
-
P    247,461,175.63
P    242,933,909.37
P    4,527,266.26
Net Loss
P    (  3,780,449.67)
P  (   2,508,815.84)
P   (1,271,633.83)
It was observed that the Calendar Year 2008 estimates were deviated by the city’s actual performance.  On income realization, the city had realized 1.4% more income from the estimate but it spent 1.9% more on expenses.   Compared to last year, income also increased by P8,651,191.96 or 3.68%; but operating expenses had also increased by P38,326,625.06 or 19%.
The condition decreased its ability to pay current obligations by 1.54%.  (Annex 16)
Management agreed that it had incurred expenses more than the income it received.
Recommendation
Strictly monitor and review estimates, actual and prior year/s performance.   Make use of ratios in analysis.  Be sure that the incurrence of expenses does not exceed the receipts of income.
Gender and Development
An audit was also conducted on the city’s involvement in the implementation of the programs on Gender and Development (GAD).
The audit revealed that the city had no separate program for GAD, however, it had included programs and appropriated funds on activities relating to the welfare of women, children and the elderly.
Office Concerned
Program/Project/Activity
o City Health
-Family Cluster Program
o Social, Welfare & Development
-Social Welfare Programs
o Non-Office:  Social & Health Programs & Services
-Social Services Program
o Non-Office:  Miscellaneous General Public Services
-SPES, SK Sports  Dev.  Program
The City took active part in many activities that are related to Gender and Development.
The City Health Office, Social, Welfare and Development Office and the Sangguniang Kabataan are the organizations that shared the biggest involvement.
For 2008, the City Health Office included the attendance to consultations as one of its health promotion program under family cluster program.  These included 15,707 consultations attended not for medication of sickness alone but also on the health care of women.
The rural barangays were reached and extended basic health services such as nutrition education and pre-natal care through the city’s 47 Barangay Nutrition Scholars (BNS) and 423 Barangay Health Workers (BHW).

WINGS activities were also given financial assistance.
The Sangguniang Kabataan Sports Development Program had been supported annually.    Funds for the purpose were also provided.

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Written by rage · Filed Under Oroquieta City 

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