Submission of required reports with the Cooperative Development Authority

This Accounting Alert is issued to provide information about the Regional Advisory Bulletin No. 01 dated January 8, 2016 issued by the Manila Extension Office (MEO) of the Cooperative Development Authority (CDA) in relation to CDA Memorandum Circular No. 2015-04, Series of 2015, Guidelines in the Imposition of Fines and Penalties for Delayed Submission of Required Regular Report. The CDA is reminding all cooperatives to comply with the mandatory requirements of Article 53 of Republic Act 9520, Philippine Cooperative Code of 2008, and Rule 8 of its Amended Implementing Rules and Regulations.

The required reports are the following:

  • Main Report - Cooperative Annual Progress Report (CAPR) to be submitted online and a printed copy to be submitted to CDA-MEO together with the following attachment:
    • Attachment No. 1 - Social Audit Report
    • Attachment No. 2 - Performance Audit Report including the copies of the bi-annual report of conciliation and meditation committee duly received by CDA
    • Attchement No. 3 - Audited Financial Statements for fiscal year 2015 done by duly accredited cooperative external auditor
    • Attachment No. 4 - List of cooperative officers and their training undertaken completed
  • For cooperative federations and unions, in addition to the reports mentioned above, the following additional reports/attachment must be submitted:
    • Attachment No. 5 - List of affiliates and cooperatives which have remitted their Cooperative Education and Training Fund (CETF)
    • Attachment No.  6 - Business consultancy assistance provided which should include the nature and cost including the use of CETF
    • Attachment No. 7 - Other training activities specifying therein the nature, participants and the cost of each activity.

These reports shall be filed with the CDA within 120 days from the end of the calendar year to avoid imposition of monetary penalty.

See attached copies of the Regional Advisory Bulletin No. 01 and CDA Memorandum Circular No. 2015-04, Series of 2015 below.

Questions about this communication should be referred to Mabel Comedia, Sonny Lalunio or Jerald Sanchez.