Basey Audit Reports · CY 2023
2023 audit at a glance
Review the public Commission on Audit Annual Audit Report for the Municipality of Basey for CY 2023. Figures include CY 2022 comparisons.
Audit opinionQualified opinion
The Auditor rendered a qualified opinion on the combined financial statements for CY 2023. Except for the effects of the matters described in the Bases for Qualified Opinion, the financial statements present fairly, in all material respects, the financial position, financial performance, cash flows, and comparison of budget and actual amounts in accordance with International Public Sector Accounting Standards (IPSASs). See the audit findings for details.
Key financial highlights
CY 2023 vs CY 2022
Total Assets
₱1,105,323,513.40
₱1,007,107,895.72 in 20229.8%
Total Liabilities
₱315,907,664.83
₱276,603,805.36 in 202214.2%
Net Assets / Equity
₱789,415,848.57
₱730,504,090.36 in 20228.1%
Total Revenue
₱299,055,159.15
₱349,188,781.33 in 202214.4%
Total Expenses
₱250,036,312.80
₱251,928,440.77 in 20220.8%
Surplus for the Period
₱58,768,987.78
₱100,721,933.10 in 202241.7%
Financial position
Total assets, liabilities, and net assets/equity, CY 2022 vs CY 2023
| Category | CY 2023 | CY 2022 |
|---|---|---|
| Total Assets | ₱1,105,323,513.40 | ₱1,007,107,895.72 |
| Total Liabilities | ₱315,907,664.83 | ₱276,603,805.36 |
| Net Assets/Equity | ₱789,415,848.57 | ₱730,504,090.36 |
Assets grew to ₱1,105,323,513.40 while liabilities rose to ₱315,907,664.83, lifting net assets/equity by 8.1%.
Financial performance
Revenue, expenses, and surplus for the period, CY 2022 vs CY 2023
| Category | CY 2023 | CY 2022 |
|---|---|---|
| Total Revenue | ₱299,055,159.15 | ₱349,188,781.33 |
| Total Expenses | ₱250,036,312.80 | ₱251,928,440.77 |
| Surplus for the Period | ₱58,768,987.78 | ₱100,721,933.10 |
Revenue decreased by 14.4% to ₱299,055,159.15, and the surplus declined from ₱100,721,933.10 to ₱58,768,987.78.
About the local government unit
Classification
1st class municipality
Province
Samar · Region VIII (Eastern Visayas)
Founded (non-COA context)
1591
Barangays
51
Land area
513.01 km²
Population (2020 census)
56,685
Population, 1903–2024
Census population history of Basey, Samar (Philippine Statistics Authority censuses)
| Category | Population |
|---|---|
| 1903 | 13,504 |
| 1918 | 18,100 |
| 1939 | 28,296 |
| 1948 | 35,523 |
| 1960 | 29,680 |
| 1970 | 35,165 |
| 1975 | 37,890 |
| 1980 | 36,760 |
| 1990 | 39,137 |
| 1995 | 40,114 |
| 2000 | 43,809 |
| 2007 | 48,389 |
| 2010 | 50,423 |
| 2015 | 55,480 |
| 2020 | 56,685 |
| 2024 | 57,645 |
Audit coverage
Financial audit thrusts
Areas covered by the CY 2023 financial audit
- Cash and Cash Equivalents
- Property, Plant and Equipment
- Due to NGAs/LGUs/GOCCs
- Taxes Withheld and Remitted
- Mandatory Deductions
Performance and compliance audit areas
Programs and funds subjected to performance and compliance audit
- Fund Transfers from NGAs - Local Government Support Fund - Support to Barangay Development Program of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC)
- Other Fund Transfers from NGAs
- Utilization of 20% Development Fund
- Utilization of Local Disaster Risk Reduction Management Fund
Explore the 2023 report
Assets, liabilities, and net assets/equity of the Municipality in 2023
Revenue, expenses, and the surplus for the period in 2023
Appropriations, obligations, and budget utilization in 2023
Operating, investing, and financing cash movements in 2023
Detailed composition of the accounts behind the 2023 statements
General, Special Education, and Trust Funds plus special funds
Audit observations and recommendations for CY 2023
Completed projects and awards received in 2023
Audit and government finance terms explained
Data and source notes
- The Combined Statement of Financial Position (SFP) 2023 column erroneously repeats CY 2022 figures for current liabilities (Financial Liabilities 19010630.08, Inter-Agency Payables 204370102.36, Intra-Agency Payables 2503602.07, Trust Liabilities 14728736.32, Total Current Liabilities 240613070.83), which do not reconcile to Total Liabilities of 315907664.83. The audited CY 2023 figures per Note 11 are used: financial 24578924.77 + inter-agency 205133797.11 + intra-agency 2503602.07 + trust 25031263.81 = total current liabilities 257247587.76. Note 11's own printed total of 257198287.76 is a typographical error; the line items sum to 257247587.76 which reconciles to Total Liabilities (257247587.76 + non-current 58660077.07 = 315907664.83).
- Note 6 printed total of 117891214.66 is a typo; the line items sum to 117914374.66 which matches the SFP receivables balance.
- LDRRMF available funds: Part II Table 26 reports 31956847.19 while Note 26 (audited FS) reports 31919347.19; the 37500.00 difference is due to erroneous current appropriation entries identified by the auditors (QRF should be 4472739.74 instead of 4461489.74; MF should be 10436392.72 instead of 10410142.72). Both figures are reproduced as printed.
- LDRRMF utilization: Note 26 reports 10309464.03 utilized; Part II Table 28 reports 10340771.31 (which includes 289880.00 ineligible charges); the MBO reports 10628681.98, a variance of 287910.67 against the Municipal Accountant's report. QRF and MF utilized per Note 26 are 2769055.00 and 7584269.03, respectively.
- Part II Table 5 PPE detail differs slightly from Note 9: Transportation Equipment 34607499.92 (Note 9: 34538608.26), Furniture, Fixtures and Books 4851914.04 (Note 9: 4920805.70); Table 6 shows Other PPE per FS of 11048390.37 vs Note 9's 11048390.97. The audit tables are internally consistent and reproduced as printed.
- Executive summary obligations by class reconcile exactly to the SCBAA sectoral sums: PS 106133209.98 + MOOE 126529103.66 + CO 54425841.50 = 287088155.14.
- The Combined Statement of Cash Flows prints CY 2022 loan amortization as 3569456.00 in one section and 3569456.80 in the financing section; 3569456.80 reconciles to Total Cash Provided by Operating, Investing and Financing Activities and is used.
- General Fund appendix: total current assets printed 288604633.07 (0.01 above the line-item sum of 288604633.06); total assets 892970815.90 reproduced as printed (the CY 2024 AAR comparative shows 892970815.89).
- General Fund liability presentation differs between the CY 2023 AAR (deferred credits presented within current liabilities; total current liabilities 104566898.72 with no non-current liabilities) and the CY 2024 AAR comparative (current 73645998.22 + non-current 30920900.49). The CY 2023 AAR presentation is used.
- LGSF-SBDP finding paragraph 5.16 states only 56512523.18 was utilized leaving 11596590.46 unutilized, but Table 17 (authoritative) totals disbursements of 56371241.86 and an undisbursed balance of 11618096.44, which matches the undisbursed amount stated in the finding title and recommendation.
- No GAD fund compliance audit was conducted for CY 2023; special_funds.gad_fund is set to null.
- No Wikipedia source document was provided for the CY 2023 extraction; the wikipedia section is set to null. Non-audit municipal context displayed on the CY 2023 page is imported from the separately identified CY 2024 Wikipedia subtree.
- The executive-summary financial position/performance chart is omitted from structured data because several values are truncated and its 'Income' measure is not interchangeable with audited Total Revenue. Full-precision audited amounts are retained in the financial statements and financial_highlights sections.
- For CY 2022 current liabilities, the statement_of_financial_position section consistently uses the Combined SFP presentation: Financial Liabilities 19010630.08 and Total Current Liabilities 240613070.83. Note 11 instead prints Financial Liabilities 18982472.08 and line-item total 240584912.83; both source presentations differ by 28158.00.
- Appendix I lists 55 planned 20% Development Fund projects: 43 completed, 7 ongoing, and 5 unimplemented. The planned total is stored separately from the mutually exclusive status counts.
- The 108 significant PPAs are described by COA as reported and certified by management as complete and on-going. They are therefore stored as reported_projects, not completed_projects.
- Table 36 gives a Due to GOCC beginning balance of 2048428.27 while the preceding narrative prints 2048428.34. The table value is retained because it reconciles arithmetically.
- The 20% Development Fund finding and Appendix J support a 1000000.00 livelihood grant to 50 associations. Table 25 lists 1020000.00 in payment events because it includes a returned/reissued payment; the grant amount is retained separately from the transaction-event total.
- COA Annual Audit ReportAnnual Audit Report of the Municipality of Basey, Samar for CY 2023 (5096 lines)
- Executive SummaryExecutive Summary of the CY 2023 audit
Prepared by Atty. Joselita M. Poticano (OIC Supervising Auditor) and Vanessa Ann Cristin C. Gabutin (OIC Audit Team Leader). Independent Auditor’s Report dated March 25, 2024; the audit followed International Standards of Supreme Audit Institutions (ISSAIs). View the CY 2024 report presentation.