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Date: For:

January 20, 2012 Ms. Jenet E. Carmen Finance Officer Ms. Gerlie Rose S. Arroyo Area Finance Supervisor 10 Area3 Database Unbalanced and Hanging Accounts as of December 2011

From:

Subject:

Christian greetings!

I would like to present the consolidated data from the branch databases as instructed. Guimaras Branch  Voluntary savings has a difference of 28,165.85, trial balance is greater than personal fund.  Accrued interest has a difference of 43, 894.21, personal fund is greater than trial balance.  Misc. liab MAF3 has negative balance amounting to 100, 150.47  AP-Philhealth has negative balance amounting to 51, 386.80  AP- Others has negative amount of 8,326.03 Passi Branch  Calinog database o Accrued interest has a difference of 8,165.56, personal fund is greater than trial balance o Misc. liab MAF3 has positive balance of 568,482.50  Lambunao database o Accrued interest has a difference of 9,508, personal fund is greater than trial balance o Misc. liab LF has a difference of 81.20, personal fund is greater than trial balance o Misc. liab MAF3 has a positive balance of 5,205.00  Passi 1 database o Misc. liab CBU3 has a difference of 3,997, personal fund is greater than trial balance o Accrued interest has a difference of 11,539.92, trial balance is greater than personal fund o AP Philhealth has a positive balance of 52,117.60 o Misc. liab MAF3 has a positive balance of 9,378.58 Pototan Branch  AP Others has a negative balance of 11,415.35  AP Philhealth has a positive balance of 61, 860.00  Misc. liab MAF3 has a positive balance of 573, 666.58 Metro Iloilo Branch  Molo Database o Voluntary savings has a difference of 0.01, personal fund is greater than trial balance o Misc. liab LF has a diffirence of 0.01, trial balance is greater than personal fund o AP Philhealth has a positive balance of 711,885.42 o Misc. liab MAF3 has a positive balance of 280, 522.26  Pavia Database o AP-Philhealth has a positive balance of 11,993.75

o Misc. liab MAF3 has a positive balance of 668,880.00  Zarraga Database o AP-Philhealth has a positive balance of 3,912.50 o Misc. liab MAF3 has a positive balance of 405,489.96 Cabatuan Branch  Accrued interest has a difference of 749.16, personal fund is greater than trial balance  AP Others has a positive balance of 2,610.20  Misc. liab MAF3 has a positive balance of 99,132.90 Kabankalan Branch  Himamaylan Database o Voluntary savings has a difference of 0.01, personal fund is greater than trial balance o AP Others has a positive balance of 10,800.00 o Misc. liab MAF3 has a positive balance of 155, 029.65  Ilog Database o Misc. liab CBU1 has a difference of 1,102.50, trial balance is greater than personal fund o AP Others has a positive balance of 16, 140.02 o Misc. liab MAF3 has a positive balance of 86,574.49  Kabankalan Database o AP Others has a positive balance of 9,450 o Misc. liab MAF3 has a positive balance of 96,617.90

Differences amounting to 0.01, will be requested to IT department for repair because these may just be caused by rounding off of four digits data. Other differences will be tried to trace up and entries be reviewed by Branch Finance and Bookkeepers. According to branch staffs, some of this hanging accounts and unbalances were already present as early as 2010. Your recommendation on these ending balances is highly appreciated in order to correct this hanging or unbalanced accounts.

Thank you. God bless.

Respectfully yours, Gerlie Rose S. Arroyo

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