Late collection of the due accounts could have been avoided if raw water

Late collection of the due accounts could have been

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Late collection of the due accounts could have been avoided if raw water customers, specifically the large consumers, pay directly to the MWSS Main Office. It is understood that per Policies and Guidelines of Raw Water Accounts and the stipulations stated in the Raw Water Service Connection Contract, the customer agrees and is obliged to religiously pay the amount due within 10 days after the receipt of the statement of account or else an interest of 1 ½ percent shall be charged and collected. In addition, a date on or before the due date should have been scheduled for the collection of the raw water accounts. 4.8 We recommended and Management agreed to require the Finance Department to: a. Impose penalties and interest on late payments made by raw water customers in accordance with Paragraph 15 of the Policies and Guidelines for Raw Water Accounts; and b. Consider requiring the large water consumers to pay directly to MWSS or to pay through the banks the amount of raw water due in accordance with the provision of Item 5, Section 2 on the Obligations and Duties of the Concessioner/Customer in the Raw Water Service Connection Contract. E . Compliance with Tax Laws 197
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1. For MWSS CO, the Due to BIR account as of December 31, 2015 amounted to P3.921 million and remittance made in January 2016 totaled P3.417 million. The balance of P504,607 pertained to adjustments to the account for transactions in previous periods which are for reconciliation/ verification. See related Audit Observation under paragraph 19 B.1 2. For MWSS RO, all income taxes withheld on salaries for CY 2015 were remitted in CY 2015. See related Audit Observation under paragraph 4 B.2. F. Compliance with GSIS, PAG-IBIG Fund and Philhealth Deductions and Remittances on Premiums and on Loan Amortizations 1. For MWSS CO, the accounts Due to GSIS, Pag-ibig and Philhealth showed an unremitted amount aggregating P48,383.27 as of January 2016. Details are as follows: We recommended that Management immediately remit the withheld funds to GSIS, Pag-Ibig and Philhealth and explain the non-remittance of the outstanding balances. 2. For MWSS RO, t he amount withheld from employees for their GSIS, PAG-IBIG and Philhealth contributions from January to November 2015 were all remitted in CY 2015, while the December 2015 GSIS and Philhealth contributions were remitted on January 8, 2016 and the PAG-IBIG contribution on January 14, 2016. See related Audit Observation under paragraph 4 B.2. G. Status of Unsettled Audit Disallowances, Charges and Suspensions 198 Account Ending Balance, Dec. 31, 2015 January 2016 Remittance Balance Unremitted (PY & CY) Due to GSIS P1,212,789.62 P1,167,789.38 P45,200.24 P45,200.24 Due to Pag-ibig 85,044.35 86,155.51 (1,111.16) 556.28 Due to Philhealth 74,526.75 71,875.00 2,651.75 2,826.75 Due to other GOCCs 2,727.43 4,094.63 (1,367.20) Total P48,383.27
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1. A summary of the audit disallowances and suspensions issued for transactions ending December 31, 2015 is shown below: Particulars MWSS – Corporate Audit Office MWSS- Regulatory Office Audit Disallowances/Charges with Pending Appeal with the Cluster 3/Commission Proper or Without Appeal Received but Appeal Period has not yet Expired 264,543,288.51 132,349,519.77
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  • Spring '03
  • nagert
  • 1979, 1975, 1983, Cy, MWSS

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