Abstract:
There were 77 primary cooperatives in La Trinidad, Benguet, but 30 of these cooperatives did not comply with the required reports to the Cooperative Development Authority (CDA). They were involved in this study with the managers and the staff as the respondents. Survey questionnaire and observation were used to collect the needed information. Secondary data were also taken from the Cooperative Development Authority on the non-compliance on reportorial requirements among the different cooperatives in La Trinidad, Benguet.
The results of the study showed that 43.33% of the cooperatives operating in the barangay started as a sari-sari store, 33.33% of the cooperatives employed three staff and majority of the cooperatives were registered in the year 2010. 50% of the cooperatives members attended the Pre-membership Education Seminar (PMES) provided by them. On the other hand, 23.33% of the cooperatives sent their members and staff to attend seminars conducted by other institutions, besides they also conduct training and seminar but majority of the officers did not attend. 60% of the cooperatives officers and members did not participate on the activities undertaken by the cooperative. With regards to the level of awareness on required reports, 66.67% of the respondents have knowledge on the preparation of the records. Moreover, the levels of awareness on the different reportorial requirements of the study were 76.67% of the respondents are aware on the submission of reports. However the factors affecting the non-compliance on reportorial requirements of primary cooperatives in La Trinidad, Benguet were lack of records needed in the preparation in auditing the required reports, lack knowledge in bookkeeping or accounting, untrained bookkeeper and lack of cooperation.
There were 16.67% of the respondents who suggested that they should submit the Audited Financial Statement (AFS) form to avoid confusion in the submission of the different required reports. Likewise the same number of respondents suggested that the authority should provide a pre-formatted form on the different reports and distribute to all the active cooperatives. Accordingly, 10% of the respondents proposed that the CDA should assign personnel responsible for monitoring each cooperatives and for identifying the needs or problems affecting each of the non-compliance cooperative.
