Commission on Audit · Biennial Audit Report

Basey Water District: audit at a glance

An interactive presentation of the COA Biennial Audit Report of the Basey Water District (BWD), a government-owned and controlled water utility serving Basey, Samar. The audit covers the biennium period January 1, 2023 to December 31, 2024, with comparative figures for CY 2023 and CY 2024.

Audit opinionQualified opinion

The Auditor rendered a qualified opinion on the financial statements of the Basey Water District for the years ended December 31, 2024 and December 31, 2023. Except for the effects of the matters in the Bases for Qualified Opinion, the financial statements present fairly, in all material respects, the financial position and comprehensive income in accordance with Philippine Financial Reporting Standards (PFRS). See the audit findings for details.

Key financial highlights

CY 2024 vs CY 2023

Total Assets

₱26,322,831.48

₱25,696,720.34 in 20232.4%

Total Liabilities

₱2,783,786.22

₱4,206,535.29 in 202333.8%

Equity

₱23,539,045.26

₱21,490,185.05 in 20239.5%

Income

₱8,494,764.13

₱9,109,176.73 in 20236.7%

Expenses

₱7,843,921.87

₱8,699,159.00 in 20239.8%

Net Income

₱650,842.26

₱410,017.73 in 202358.7%

Financial condition

Total assets, liabilities, and equity, CY 2023 vs CY 2024

Assets grew to ₱26,322,831.48 while liabilities declined to ₱2,783,786.22, lifting equity by 9.5%.

Results of operations

Income, expenses, and net income, CY 2023 vs CY 2024

Income fell by -6.7% to ₱8,494,764.13, while expenses fell faster, so net income rose by 58.7% to ₱650,842.26.

Revenue Mix (2024)

Total income of ₱8.5M by source

The district at a glance

General Manager

Redacted for privacy

Name redacted — see official COA report

Personnel Complement

Active Service Connections (2024)

2,342

Estimated Population Served (2024)

11,710

Auditor

Redacted for privacy

Name redacted — see official COA report

Auditor’s Report Date

March 14, 2025

Basey Water District is a Government Business Enterprise (GBE) / Local Water District operating under Conditional Certificate of Conformance No. 215. See About the District for its history, Board of Directors, and mandate.

Explore the report

About the District

History since 1977, the Board of Directors, personnel, mission and vision

View About the District

Financial Condition

Assets, liabilities, equity, and results of operations

View Financial Condition

Operations

Service connections, water production, and non-revenue water

View Operations

Budget & Actual

Corporate operating budget versus actual expenditures

View Budget & Actual

Cash Flows

Operating, investing, and financing cash movements

View Cash Flows

Audit Findings

Audit observations, recommendations, and NS/ND/NC balances

View Audit Findings

FAQ

Frequently asked questions about the BWD Biennial Audit Report

View FAQ

Related report

The Basey Water District is presented separately from the LGU audit report. Visit the Municipality of Basey COA Annual Audit Report presentation for the municipal government’s financial statements and findings.

Data and source notes

Independent Auditor’s Report dated March 14, 2025 (auditor name redacted — see official COA report); the audit followed International Standards of Supreme Audit Institutions (ISSAIs). Financial statements are presented in accordance with Philippine Financial Reporting Standards (PFRS). The audit covers the biennium period January 1, 2023 to December 31, 2024.