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No 2015 disaster reduction investment plan in Pio V Corpus, Masbate

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The municipal government of Pio V. Corpus in Masbate failed to submit a Local Disaster Risk Reduction and Management Fund (LDRRMF) Investment Plan in 2015 on time, state auditors said.

In a 2016 report, the Commission on Audit (COA) said the Local Disaster Risk Reduction and Management Fund (LDRRMF) Investment Plan which should have been prepared annually allocates 30 percent of the LDRRFM for quick response fund for disaster mitigation, prevention and preparedness with details as to the projects and activities to be funded.

The investment plan should also include a list of project and activities to be charged to the unexpended LDRRMF from previous years.

The COA in a circular requires the submission of the LDRRMF investment plan and a monthly report on sources and utilizations, pursuant to the authority of COA to promulgate accounting and auditing rules and regulations.

“Therefore, the absence of the required LDRRMF investment plan may lead the agency towards possible funds misuse and/or misapplication,” the auditors said.

In 2015, the municipality appropriated P3,152,708 for the LDRRMF, of which P2,206,895 was the budget for pre-disaster preparedness and mitigation fund.

“Utilization of this amount should have been duly embodied under the required LDRRMF investment plan in order to assure propriety of its fund management. Unfortunately, the agency failed to present any LDRRMF investment plan,” the auditors said.

“Its absence posed the risk of possible LDRRM Fund misuse and/or misapplication,” the auditors added.

The LDRRM officer remarked that they have prepared the required the LDRRMF investment plan but failed to submit it to the audit team in time for the report.

The COA urged the municipal mayor Allan Lepasana to submit on time the investment plan to the auditing team.