Piecing Together the Challenges in Appraisal Management of Government Properties for Disposal

Vanessa B. Pablo, Leila Lakindanum Cerdiño, Jomer S. Del Villar, Marilyn D. Buentipo, Antonio V. Maico and Paraluman L. Veloz
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Vanessa B. Pablo: University of Perpetual Help System DALTA, Las Piñas City Campus, Philippines
Leila Lakindanum Cerdiño: Bicol College, Daraga, Albay, Philippines
Jomer S. Del Villar: Divine Word College of Legazpi, Legazpi City, Albay, Philippines
Marilyn D. Buentipo: Colegio de San Juan de Letran
Antonio V. Maico: De La Salle University
Paraluman L. Veloz: Polytechnic University of the Philippines

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 4, 5233-5243

Abstract: There are challenges that needs to be addressed to ascertain objectives and guidelines on disposal of government assets are met in an acceptable manner and practices. The primary purpose of this study is to assess the challenges encountered by local government employees in Albay, Region V categorized according to ocular inspection, price information referencing, appraised value computation and reportorial requirements submission. Data were gathered from non-accountant employees of local government using validated and tested survey questionnaire. Employees are challenged by difficulties in the conduct of inspection, providing justifications, insufficiency of supporting documents, struggle in computations particularly relevant reference price information, depreciation and changes in the purchasing power of Philippine peso. Recommended actions are as follows; review on the existing guidelines and laws to prevent any unnecessary audit findings, relevant training, awareness on accountability and responsibility, creation of committee for appraisal and valuation, setting regular inventory, acceptance and appreciation of accounting standards, honest and accurate computations, and appropriate used of fair market value.

Date: 2025
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