02/12/2024
CDA Specialist Ma’am Helen Servañez conducted an inspection of our DPWH REDE MPC on November 15, 2024, at the DE's Office Conference Room.
Assisting her during the inspection were our dedicated Bookkeeper, Ma’am Genevieve, and Director Maruja Dahan.
The inspection is in Pursuant to Section 4(n) of Republic Act No. 11364, entitled “An Act Reorganizing and Strengthening the Cooperative Development Authority, Repealing for the Purpose Republic Act No. 6939, Creating the Cooperative Development Authority”, CDA Memorandum Circular No. 2024-10 and Special Order No. I06-024 dated June 28, 2024.
This inspection is to determine the status of our cooperative, check on the operations, and our compliance with the provisions of R.A. No. 9520, issuance of the Authority, and other relevant and related laws, rules, and regulations.
Among the documents being inspected are the following:
1. Articles of Cooperation and By-Laws;
2. Registry of Membership;
3. Subscription Agreements, Share Capital Certificates and Share and Transfer Book;
4. Licenses, Permits, Certifications, Insurances, and bonds of Accountable Officers and
Employees;
5. Organizational Structure;
6. List of Officers and Employees;
7. Payroll and Proof of Remittances for Employees Benefits;
8. Books of Accounts, Supporting Documents, Audited Financial Statements, and
Financial Analysis;
9. Development/Strategic Plan, Annual and Development Plans and Budget;
10. Notices of Meetings and Book of Minutes of the General Assembly, Board of
Directors, Different Committees and Staff;
11. Manual of Policies/Operations;
12. Code of Governance and Ethical Standard;
13. Election Rules and Guidelines;
14. Policies and Procedures on Conflict Management/Mediation and Conciliation
Program;
15. Required Reports submitted to the Authority; including Annual Tax Incentive Report
(ATIR) (Annex A) and Annual Benefit Report (Annex B)(ABR)
16. Documents on the Declaration and Distribution of net Surplus;
17. Schedule or Payroll of Interest on Share Capital and Patronage Refund (ISC/PR)
18. Aging of Loans Receivables (for credit or coop engaged in credit services)
19. Records of the Branches and Satellite Offices, if any; and
20. Other documents and records that are deemed necessary for inspection.
