THE Commission on Audit on its latest report found out that Talisay City fell short of its tax collections last year by a whooping P69.7 million.
“The City did not meet the revenue projects on local sources of the year 2022 with a short fall of P69,759,718.22 due to non-conduct of periodic review of financial performance,” said the state auditing agency.
For 2022, the city projected a total revenue of P422M but based on its financial report, it was only able to collect P352.2M.
“Our analysis showed that the large difference could have been avoided or the City could have performed better had there been a periodic review of its performance as required in Section 316 of RA No. 7160 and DBM LBC No. 112 dated June 10, 2016,” COA said.
The audit body said the city’s inability to attain the projected income could result in the non-implementation of some projects and the delivery of essential services to the people.
In its comment, the city said that the failure to meet the projected income as taxpayers “are still recovering from the aftermath of COVID-19 pandemic and Typhoon Odette.”
Comments
Post a Comment