Cooperatives of Lanao del Norte participated the “Two-Day Forum on Annual Mandatory Reports and Orientation on New Forms and Requirements” organized by the Provincial Cooperative Office and the Cooperative Development Authority-Region X in Macapagal Training Center, Provincial Government Center, Pigcarangan, Tubod from March 18 and 19, 2019.
The forum tends to remind the cooperatives to mandatorily submit the CDA Annual Reports. According to records, half of the registered cooperatives in the province failed to submit its annual report to the regional office for proper evaluation. Cooperatives that will continue to disregard the said requirement for two successive years will be close or dismiss from the list of registered cooperatives.
In addition, cooperatives are also required to submit their new reports and guidelines of their annual mandatory reports to CDA through the internet. Online submission eliminates the burden incurred by its members when transporting reports to the regional office in Cagayan de Oro City.
The responsibility of the Compliance Officer or the Bookkeeper is to prepare the annual mandatory reports. It is also the responsibility of the said officer to pay the imposed penalties if he or she failed to submit the reports on time.
In order to help the Compliance Officer and the Bookkeeper, CDA Region X, CDA-LDN and in partnership with the Provincial Cooperative Officer led by the active Officer In-Charge, Ms. Minda V. Regis, have brought Resource Persons and Cooperative Development Specialists to guide the Bookkeeper and Compliance Officer in the preparation of annual mandatory reports and orientation of new forms and requirements.
Cooperatives from the 1st District joined the forum on the first day, while 2nd District Cooperatives participated on the second day.
The objectives of the two-day forum: (1) Re-orient cooperatives on the annual mandatory reports; (2) Update cooperatives in the new forms, requirements and guidelines on the online submission of the mandatory requirements; (3) Capacitate cooperatives to have in-house capacity to conduct audit; and (4) Mentor cooperative compliance officer on compliance of the annual reports. PIO-LDN