The Office of the Comptroller of Puerto Rico issues a favorable opinion with exceptions of the fiscal operations of the municipal enterprises of Coamo.
Our examination revealed that as of December 2015, the Municipality had not recovered $62,000 of the initial capital granted to three of eight municipal enterprises and one franchise. On the other hand, 11 municipal enterprises, which began operations from December 2012 to August 2015, did not have the sanitary licenses issued by the Department of Health to be able to operate.
From the examination of the management of the bank accounts it was determined that, from January 2013 to December 2015, a depository bank made bank charges for $4,264. Said charges were for checks and electronic transfers issued without funds ($2,925); overdrafts ($1,279); payment suspensions ($30); and transactions not carried out in the accounts of said enterprises ($30). The overdrafts ranged from $15 to $96,968.
As for purchases and disbursements, 80 payments for $649,837 were made for the purchase of materials, supplies and services for eight municipal enterprises that lacked written requisitions authorized by the corresponding administrative staff, were not marked as paid nor were the vouchers canceled, some were paid without the corresponding purchase orders having been issued previously and in some cases payments were issued without having invoices, among other findings.
In this Office, copies of contracts and amendments for $2,670,337 were recorded and submitted with delays, some of up to 1,050 days after the deadline, a situation that we had already commented on in Audit Report M-15-14 of December 10, 2014.
On the other hand, the Internal Audit Unit of the Municipality had not performed audits or monitoring of the municipal enterprises; they had only performed audits of the operations of the Municipality.
The Report covered from July 1, 2012, to December 31, 2015. This is the second report and contains nine findings and one special comment. The information on the first report issued on the fiscal operations of the Municipality and this report are available on our Internet page.
See Audit Report M-18-08
To see other published reports, visit our Audit Reports section.
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