The Provincial Accountant’s Office performed its tasks in accordance with its mandates stated in the Republic Act No. 7160 otherwise known as the Local Government Code of the Philippines 1991; and the financial statements and reports are prepared in accordance with the accounting standards and policies as stated in the Philippine Public Sector Accounting Standards (PPSAS).
The office’s Bookkeeping Division prepared, reviewed, and approved journal entry vouchers of all financial transactions; and prepared corresponding monthly and quarterly reports on utilization of General Fund (GF), Trust Fund (TF), Special Education Fund (SEF), 20% Development Fund (20% DF), Calamity Fund, and other Funds downloaded by the national government agencies to the province.
In addition, its Audit Division provided support services to other departments particularly on processing of vouchers, payrolls, and other claims. This division reviewed and certified propriety and completeness of supporting documents of all transactions/disbursements of all departments.
As part of the Local Finance Committee, PACCO accomplished necessary reports for the finalization of the Budget Performance and Financial Statements & Executive Summary – Financial Statement and Analysis CY 2022.