The Office of the Comptroller of Puerto Rico issues a favorable opinion with exceptions on the fiscal operations of the Corporation for the Development of the Fine Arts of the Municipality of Guaynabo.
The Report reveals accumulated deficits in the Operating Fund of $6,686, $17,969, $21,541, and $31,377 for fiscal years 2013 through 2016. In addition, contrary to the Regulation of Special Municipal Corporations, the Corporation submitted the audited financial statements to the Office of the Commissioner of Municipal Affairs up to five years late.
The audit, signed by the Deputy Comptroller, Natanael Arroyo, notes that for the acquisition of goods and services for $134,364, quotes were not obtained from at least three suppliers as required by the Corporation's own Manual of Operating Procedures. In addition, our auditors could not verify the correctness and propriety of several disbursements due to deficiencies in the handling of the disbursement vouchers.
The Report indicates that the Corporation did not investigate the disappearance of 28 units of sound equipment with a value of $4,458, nor were inventories conducted for the years 2014 through 2016. As of June 2016, it also did not have regulations for the use of movable and immovable property nor an employee performance evaluation system.
The Report covers the period from July 1, 2012 to June 30, 2016.
See Audit Report M-18-03
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