Basey Audit Reports · CY 2023
2023 audit at a glance
An unofficial presentation of the public Commission on Audit Annual Audit Report for the Municipality of Basey, Province of Samar, for the year ended December 31, 2023, with comparative CY 2022 figures.
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%
About the local government unit
Classification
1st class municipality
Province
Samar · Region VIII (Eastern Visayas)
Founded
1591
Barangays
51
Land area
513.01 km²
Population (2020 census)
56,685
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
Prepared by Atty. Joselita M. Poticano (OIC Supervising Auditor) and Vanessa Ann Cristian G. 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.