Wednesday, January 21, 2009

SBMA exec bares anomaly

A DIRECTOR of the Subic Bay Metropolitan Authority yesterday revealed that the SBMA has refused to enter into its books of accounts more than P850 million in disbursements which had been disallowed by the Commission on Audit.

Director Mario Garcia noted that as early as February 16, 2005, the Commission on Audit has been questioning the non-recording of P856,300,753 in disallowances and charges in the books of the SBMA.

Garcia said 99 percent or P854,677,167 was disbursed from 1992 to 1998 while the remaining one percent or P1,623,586 was released from 1998 to 2002.

Quoting the memo of State Auditor Teresita Gequinto, Garcia said the disallowances and charges have become final and executory due to the non-submission of an appeal within the prescribed period.

Garcia said according to Gequinto, the non-entry of the disallowances and charges into the SBMA books was in violation of COA Circular 94-001 dated Jan. 20, 1994.

“That circular prescribes the recording in the books of accounts of disallowances, including suspensions,” he said.

Due to the non-recording of the disallowances and charges into the books, receivables, affected expense accounts and retained earnings were either understated or overstated, Gequinto said in his memo.

Instead of entering the disallowances and charges into the books, Garcia said SBMA allowed the money to be liquidated over the years and is now down to only P37.032 million.

“Still, this amount has not been entered into the books and disallowances as per my initial inquiry. The question now is, what is the reason behind this? Or is anybody behind this?” Garcia asked. Journal online


Anonymous said...

aefefeaf Ccomctpapuftjoqzpgjr, Penis Enlargement Pills sdfsdfswe Penis Enlargement, VuuIOeQ, [url=]Penis Enlargement[/url] fwaefefef. ynaytanyt penis enlargement, bbQrETC, [url=]penis enlargement[/url] lrutsltk This is good information that will help others. srjyzent penis enlargement pills, bRgGALs srjyzent penis enlargement bRgGALs, [url=]penis enlargement[/url] rthnBDtTEG jhdjhd~

Anonymous said...

Wow, amazing blog layout! How long have you been blogging for?
you made blogging look easy. The overall look
of your site is wonderful, as well as the content!

My weblog: accupril drug class

Anonymous said...

Its like you learn my mind! You seem to know a lot approximately this, like you wrote the
e book in it or something. I think that you simply could do with
a few percent to force the message home a bit, however
other than that, that is fantastic blog. A great read. I will
definitely be back.

My web-site :: herbal supplement for old age

Anonymous said...

Thank you for the auspicious writeup. It in fact was a amusement account it.
Look advanced to far added agreeable from you! By the way, how could we communicate?

Feel free to surf to my website ...

Anonymous said...

When I originally commented I clicked the "Notify me when new comments are added" checkbox and now each time a comment is added I get several emails with the same comment.

Is there any way you can remove me from that service?
Bless you!

Feel free to surf to my web blog proenhance reviews

Anonymous said...

For newest news you have to pay a visit the web and on internet I found this web site as a best web
page for latest updates.

Also visit my blog;

Anonymous said...

I'm really loving the theme/design of your website. Do you ever run into any browser compatibility problems? A number of my blog audience have complained about my website not working correctly in Explorer but looks great in Chrome. Do you have any ideas to help fix this problem?

Feel free to surf to my web site - adiphene ingredients

Anonymous said...

This web site definitely has all the information I wanted
concerning this subject and didn't know who to ask.

Here is my web blog ... zetaclear

Anonymous said...

An interesting discussion is worth comment. There's no doubt that that you should publish more about this topic, it may not be a taboo matter but usually folks don't talk about such
topics. To the next! Kind regards!!

Also visit my website - genf20 results

Anonymous said...

Hi there, I discovered your web site by the
use of Google at the same time as looking for a related subject,
your web site came up, it seems to be good.
I have bookmarked it in my google bookmarks.
Hi there, simply changed into aware of your blog thru Google, and located that it is truly
informative. I am gonna be careful for brussels. I'll appreciate if you proceed this in future. Many other people can be benefited from your writing. Cheers!

Here is my web site;

Anonymous said...

Its like you read my mind! You appear to know a lot about this, like you wrote
the book in it or something. I think that you can do with a few pics to
drive the message home a little bit, but other than that, this is excellent blog.
An excellent read. I will certainly be back.

Here is my blog ... volume Pills

Anonymous said...

Write more, thats all I have to say. Literally, it seems
as though you relied on the video to make your point.
You definitely know what youre talking about, why waste your intelligence on just posting videos
to your site when you could be giving us something informative to

Here is my blog post ... buy alteril

Anonymous said...

Hey there I am so happy I found your website, I really found
you by accident, while I was looking on Bing for something else, Regardless I
am here now and would just like to say cheers for a remarkable post and a all round exciting
blog (I also love the theme/design), I don't have time to go through it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the superb job.

Here is my web blog; virility ex

Anonymous said...

Thanks very nice blog!

Feel free to surf to my web page - hollywood teeth whitening

Anonymous said...

This design is wicked! You definitely know how to
keep a reader entertained. Between your wit and your videos, I was almost moved
to start my own blog (well, almost...HaHa!) Excellent job.
I really loved what you had to say, and more than that, how you presented it.
Too cool!

My web blog :: natural male enhancement foods

Anonymous said...

It's genuinely very complex in this active life to listen news on TV, therefore I simply use world wide web for that reason, and get the hottest information.

my homepage - P4I.Ir

Anonymous said...

Have you ever thought about writing an ebook or guest authoring on other websites?
I have a blog centered on the same information you discuss and would really like to have you share some stories/information.
I know my viewers would enjoy your work. If you're even remotely interested, feel free to send me an e mail.

Feel free to visit my homepage ... Athlete health

Anonymous said...

Greate article. Keep posting such kind of information on your site.

Im really impressed by your blog.
Hi there, You've done a fantastic job. I will definitely digg it and in my view recommend to my friends. I am sure they will be benefited from this site.

Visit my blog post: safe sex

Anonymous said...

Hi everyone, it's my first pay a visit at this site, and article is truly fruitful designed for me, keep up posting these content.

Feel free to surf to my page; virility ex pills australia

Anonymous said...

Thankfulness to my father who stated to me about this weblog, this blog is truly awesome.

Review my webpage; Genf20 Plus

Anonymous said...

Write more, thats all I have to say. Literally,
it seems as though you relied on the video to make your point.
You definitely know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something informative to read?

Here is my web blog ::

Anonymous said...

Hi, the whole thing is going perfectly here and
ofcourse every one is sharing data, that's in fact excellent, keep up writing.

Feel free to visit my blog post - buy provacylprovacyl review

Anonymous said...

Now I am going away to do my breakfast, after having my breakfast coming over again to read other news.

Also visit my web page ...

Anonymous said...

It's perfect time to make some plans for the long run and it is time to be happy. I have learn this put up and if I may I wish to suggest you few attention-grabbing things or advice. Maybe you could write subsequent articles referring to this article. I desire to learn more things about it!

Also visit my webpage profollica

Anonymous said...

Just desire to say your article is as astonishing. The clarity to your publish is just great and i can assume you are
knowledgeable on this subject. Well along with your permission let me to grab
your RSS feed to stay up to date with approaching
post. Thank you a million and please carry on the rewarding work.

Also visit my webpage - buy aciphex

Anonymous said...

I am really impressed with your writing skills and also with the layout on your
weblog. Is this a paid theme or did you customize it yourself?
Anyway keep up the nice quality writing, it is rare to see
a nice blog like this one today.

my blog post - smoke deter

Anonymous said...

Hello there! I know this is somewhat off topic but I was
wondering which blog platform are you using for this site?
I'm getting fed up of Wordpress because I've had issues with
hackers and I'm looking at alternatives for another platform. I would be awesome if you could point me in the direction of a good platform.

Feel free to visit my blog post: tinnitus control work

Anonymous said...

What's up to every body, it's my first pay a visit of this website;
this web site contains awesome and truly fine information
for readers.

My web site buy meratol

Anonymous said...

I was wondering if you ever thought of changing the layout of your
website? Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content
so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 images.
Maybe you could space it out better?

my blog post ... capsiplex

Anonymous said...

Howdy! Someone in my Myspace group shared this website with us so I came
to look it over. I'm definitely enjoying the information. I'm bookmarking
and will be tweeting this to my followers! Fantastic blog and terrific design
and style.

Also visit my page: buy proactol

Anonymous said...

Oh my goodness! Incredible article dude! Thanks, However I am encountering problems with your RSS.
I don't know why I cannot subscribe to it. Is there anybody else having identical RSS issues? Anyone who knows the solution will you kindly respond? Thanx!!

my website :: male enlargement pills