Additionally, the end of year bank reconciliation statement
did not explain the differences observed,'
Sample Monthly Bank Reconciliation Statement
(Reconciled bank statement with cash receipts and disbursements journal)
According to the COA, 'The bank reconciliation statements
(BRS) as of June 30, 2018 showed that deposits of P24,680,229.03 and withdrawals of P55,041.01 were unrecorded due to non-submission by the City Treasurer's Office of source documents to the City Accountant's Office, and system error.'
class="MsoNormalMr Ouko further observed that accounting officers did not ensure that bank reconciliation statements
were prepared and submitted as per the law.
He questions the accuracy of the figure, saying the university's bank reconciliation statements
had not been updated and reconciled.
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