TABLE OF CONTENTS

PART SUBJECT PAGE

I Audited Financial Statements

 Independent Auditor’s Report 1

 Statement of Management Responsibility for
Financial Statements 3
 Consolidated Balance Sheet 4
 Consolidated Statement of Income and Expenses 8
 Consolidated Statement of Cash Flows 13
 Notes to Consolidated Financial Statements 14

II Detailed Findings and Recommendations 28

III Status of Implementation of Prior Years’ Audit Recommendations 108

IV Annexes

Annex A - Consolidated Balance Sheet (By Fund) 217

Annex B - Consolidated Statement of Income and Expenses 220
(By Fund)
Annex C - Consolidated Statement of Cash Flows (By Fund) 224
Annex D - Statement of Appropriations, Allotments and
Obligations and Balances (General Fund and Special
Education Fund) 225
Annex E - Schedule of Fees Collected for the Use of Cuneta
Astrodome Court Area 228
Annex F - Schedule of Fees Collected for the Use of Cuneta
Astrodome Facilities 231
Annex G - Schedule of Additional Cash Advances Granted in
Spite of Non-Liquidation of Previous CAs 234
 PART I

AUDITED
FINANCIAL STATEMENTS
 PART II

DETAILED FINDINGS
AND RECOMMENDATIONS
 PART III

STATUS OF IMPLEMENTATION OF PRIOR

YEARS’ AUDIT RECOMMENDATIONS
PART IV - ANNEXES
 ANNEXES

A Consolidated Balance Sheet (By Fund)

B Consolidated Statement of Income and Expenses (By Fund)

C Consolidated Statement of Cash Flows (By Fund)

D Statement of Appropriations, Allotments, Obligations and

Balances (General Fund and Special Education Fund)

E Schedule of Fees Collected for the Use of Cuneta Astrodome

Court Area

F Schedule of Fees Collected for the Use of Cuneta Astrodome

Facilities

G Schedule of Additional Cash Advances Granted in Spite of

Non-Liquidation of Previous CAs