COA Uncovers Tagbilaran’s P3.7M Decade-old Dormant Accounts
The Commission on Audit (COA) has flagged Tagbilaran City Government, under the leadership of ex Mayor Baba Yap and now his wife, Jane Cajes-Yap, for keeping over P3.7 million pesos in dormant receivable accounts for more than a decade, potentially overstating its financial position. In its audit report, COA said cash advances and other receivables amounting to P3,775,670.45 pesos…
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