LGU and GovernanceCOA: Kawit AOs Exceeded Cash Accountability, Fidelity Bonds Insufficient

COA: Kawit AOs Exceeded Cash Accountability, Fidelity Bonds Insufficient

-

- Public Service Reminder -spot_img

KAWIT, Cavite — Several accountable officers in the Municipality of Kawit, Cavite exceeded their maximum cash accountability in 2023, with excess cash advances ranging from ₱14,000 to ₱234,000, according to a report by the Commission on Audit.

The findings, based on a COA review, revealed that the officers’ fidelity bonds were insufficient to cover their cash advances, violating COA Circular No. 97-002, Section 101 of Presidential Decree No. 1445, and Treasury Circular No. 02-009. These regulations mandate that government officers handling public funds must be properly bonded to ensure financial accountability.

Under existing laws, accountable officers whose total cash accountability exceeds ₱5,000 must secure fidelity bonds proportionate to their financial responsibility.

However, COA found that at least six municipal officers exceeded their maximum accountability, leaving the local government vulnerable to financial risks in case of defalcations, shortages, or unrelieved accountabilities.

“The above condition put the Municipality at risk of non-indemnification in cases of loss through defalcations, shortages, and unrelieved accountabilities due to insufficient bond of the accountable officers,” the report stated.

COA also cited Treasury Circular No. 02-009, which mandates that all officials responsible for government funds—including mayors, treasurers, and other financial officers—must be bonded for the safekeeping of public money.

The Fidelity Fund, which covers losses due to bonded officials’ financial mismanagement, only indemnifies up to the amount of the existing bond. This means any loss beyond the bonded amount would not be covered, putting government funds at risk.

COA recommended that the Municipal Government of Kawit ensure all accountable officers comply with bonding requirements and align their cash advances with prescribed limits to prevent financial exposure.

As of press time, municipal officials have not issued a statement regarding the COA findings.



Discover more from Cavite News

Subscribe to get the latest posts sent to your email.

cavite.news
cavite.newshttps://cavite.news
We, the people of Cavite, recognize that in order to achieve our goals and aspirations, we need to be empowered and well-informed of the news and events that affect us and our cities and towns. We need to have access to accurate, relevant, and timely information that will enable us to make informed decisions and take appropriate actions.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Authorities Probe Death of 2-Month-Old Infant in Trece Martires

TRECE MARTIRES CITY, Cavite — Authorities are investigating the sudden death of a two-month-old baby girl after a doctor...

15-Year-Old Suspect in Fatal Stabbing of Minor in Silang, Cavite, Reportedly Escapes With Mother

SILANG, Cavite — A 15-year-old boy allegedly stabbed another minor to death in Silang, Cavite, and reportedly fled with...

S&R to Open Fourth Cavite Branch in General Trias

GENERAL TRIAS, Cavite — S&R Membership Shopping is set to open on October 11, 2025 its newest branch in...

CAVITEX to Implement Traffic Diversion at Kawit Exit Oct. 9-Dec. 5, 2025

The Cavite Expressway will implement a temporary diversion road at the Kawit exit ramp beginning Thursday as part of...
- Advertisement -spot_imgspot_img

Cavite police officer relieved, investigated over alleged rape of detainee

Cavite police officer relieved, investigated over alleged rape of detainee The Cavite Police Provincial Office said Thursday it has relieved...

PDEA Destroys P16B Worth of Illegal Drugs in Cavite

TRECE MARTIRES CITY, Cavite — The Philippine Drug Enforcement Agency (PDEA) destroyed approximately 2.9 tons of illegal drugs valued...

Must read

Offset Shares a Video of Cardi B Giving Birth to Baby Kulture

What was expected of her was the same thing...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you