COA flags messy finances of Isabela LGU

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by Allan Yves Briones

The city government of Santiago, Isabela caught the eye of the Commission on Audit (COA) over its accounting practices which counted “irregular expenditures” and audit errors.

State auditors pointed out, for example, unused balances out of fund transfers totaling P11.05 million which were not returned to their source national government agencies against audit guidelines.

Sections 4.9 and 6.7 of COA Circular No. 94-013 expresses this in clear terms:

“The implementing agency (IA) shall return to the Source Agency (SA) any unused balance upon completion of the project,” the provision states, as cited in the 2018 annual audit report.

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