Persistent Financial Shortfalls in Kawit, Cavite: A Decade of Cash Deficits – COA
The financial challenges facing the Municipality of Kawit, Cavite, have deepened, as revealed by a recent Commission on Audit (COA) report. The municipality has consistently failed to meet its projected income from local sources, leading to a decade-long history of…
Alfonso LGU Faces Scrutiny Over Unserviceable Assets Worth Over P8 Million
In a recent report by the Commission on Audit (COA), the Municipality of Alfonso in Cavite has come under scrutiny for failing to dispose of unserviceable properties valued at P8,416,316.86. The report highlights a breach of Section 379 of Republic…
COA Detects Alfonso LGU’s Non-Compliance with MNGAS and RRSA Guidelines
The financial conduct of Alfonso, Cavite’s Local Government Unit (LGU) is under scrutiny, revealing lapses in adherence to the Manual on the New Government Accounting System (MNGAS) for LGUs, Volume I, and the 2019 Revised Rules on Settlement of Accounts…
COA Flags Irregular Cash Advances in Alfonso, Cavite
In the most recent audit report, the Commission on Audit (COA) highlighted a significant breach of financial regulations within the local government unit (LGU) of Alfonso, Cavite. The report revealed that several Accountable Officers (AOs) were granted cash advances exceeding…
COA: Kawit LGU Short of P214-Million Revenue Target, Incurs Budget Deficit
The Municipality of Kawit, Cavite fell short of its revenue target by P213.9 million in 2022, according to the Commission on Audit (COA) in its latest report. The audit agency attributed the shortfall to the failure of the Local Finance…
COA Uncovers P52-Million Accounting Errors in Kawit LGU’s Land Improvements
The Commission on Audit (COA) has flagged the Municipality of Kawit, Cavite for reporting its land improvements without any accumulated depreciation in its financial statements for the year 2022, contrary to the accounting standards and policies. According to the COA…
COA Finds P80-Million Irregularities in LGU Kawit’s PPE Account
The Commission on Audit (COA) has found irregularities in the Property, Plant and Equipment (PPE) account of the Local Government Unit (LGU) of Kawit, Cavite, amounting to more than P80 million. According to the latest COA’s Annual Audit Report, released…