Makati earns COA’s ‘unmodified opinion’ anew
Makati Mayor Abby Binay on Tuesday announced that the city obtained for the second straight year an “unmodified opinion” from the Commission on Audit in its Annual Audit Report on the city’s financial statements for 2018.
In her letter of transmittal dated June 25, COA director Adelina Concepcion Ancajas said the auditor “rendered an unmodified opinion on the fairness of presentation of the financial statements of the city.”
An “unmodified opinion,” also called “unqualified opinion,” is the highest audit rating that can be rendered by an auditor after concluding that the financial statements of the audited entity are presented fairly and in conformity with generally accepted accounting principles.
Binay expressed her elation over the positive audit rating of the city for 2018, and thanked the COA for its fair evaluation.
“I am deeply heartened by this good news from the Commission on Audit. This second unmodified opinion shows that we have remained on course in espousing the principles of good governance, including transparency and accountability,” she said.
The mayor also thanked the various departments and offices of the city government for their support and cooperation in ensuring full compliance with laws on the disbursement of government funds and implementation of programs and projects.
“Getting an unmodified opinion for two years in a row is a rare achievement, and I am proud to share the honors with my fellow city officials and public servants of the City of Makati,” Binay said.
For the past three years, the city government has implemented reforms aimed to enhance transparency and efficiency in the systems and operations at City Hall.
Manila Mayor Isko Moreno appealed to patients to show appreciation to boost the morale of the city’s healthcare workers by simply saying ‘thank you’. Moreno called on patients to show appreciation and gratitude to the health care p...
Makati City said it collected P14.2 billion in revenues as of July 2019, representing 83 percent of its full-year revenue target of P17.1 billion. The City Treasurer reported to Mayor Abby Binay that the city government was on track with its re...
Makati City Police said closed-circuit television (CCTV) footages in the attack that injured two Bureau of Customs (BOC) employees did not clearly show the identity of the four attackers. On Friday, siblings Maricon Manalo, 56, officer-in-charge of ...
In line with the thrust of Makati Mayor Abby Binay to keep the city rabies-free, the city Veterinary Services Office (VSO) provided free vaccines to nearly 24,000 household pets in 21 barangays and rescued over 1,000 stray animals in the fi...