TABLE OF CONTENTS

Pages
I. Financial Statements
 Independent Auditor’s Report 1
 Statement of Management’s Responsibility for Financial
Statements 4
 Audited Financial Statements
 Consolidated Statement of Financial Position 5
 Consolidated Statement of Financial Performance 7
 Consolidated Statement in Net Assets/ Equity 8
 Consolidated Statement of Cash Flows 9
 Consolidated Statement of Comparison of Budget and
Actual Amount 11
 Notes to Consolidated Financial Statements 12
II. Observations and Recommendations 48
III. Status of Implementation of Prior Years’ Audit
Recommendations 168
IV. Annexes
A. Statement of Appropriations, Allotments, Obligations,
Disbursements and Balances
B. Analysis on the Effect of the Misstatements on the Financial
Statements
C. Unimplemented Project Activities
 PART I

FINANCIAL STATEMENTS
 PART II

OBSERVATIONS AND
RECOMMENDATIONS
 PART III

STATUS OF IMPLEMENTATION
OF PRIOR YEAR’S
RECOMMENDATIONS
PART IV

ANNEXES