Accountant's Report For the Quarter Ended March 31, 201 (1st Quarter 2016)

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Consolidated Statement of Cash Flows

ISLAND GARDEN CITY OF SAMAL

Consolidated Statement of Cash Flows

For the quarter ended March 31, 2016

 

Particulars  Total   General Fund   Special Education Fund   Trust Fund 
Cash Flows from Operating Activities        
Cash Inflows          
     Collection from taxpayers       22,142,837.58      16,240,423.76       5,902,413.82  
     Share from Internal Revenue Allotment       96,962,673.00      96,962,673.00    
     Receipts from business/service income       11,839,540.78      11,839,540.78    
     Interest Income            216,928.22           193,864.47            23,063.75  
     Dividend Income                               -        
     Other Receipts       18,200,671.55        5,114,541.93      13,086,129.62
    Total Cash Inflows    149,362,651.13   130,351,043.94       5,925,477.57    13,086,129.62
Cash Outflows        
    Payment of expenses         1,735,908.15        1,729,908.15               6,000.00  
    Payments to suppliers and creditors       19,634,428.17      11,808,174.32       2,183,393.86       5,642,859.99
    Payments to employees       50,256,840.83      50,055,767.02                           -            201,073.81
    Interest Expense                              -                               -    
    Other Expenses       15,226,016.56      10,879,821.72          252,000.00       4,094,194.84
    Total Cash Outflows       86,853,193.71      74,473,671.21       2,441,393.86       9,938,128.64
Net Cash Flows from Operating Activities       62,509,457.42      55,877,372.73       3,484,083.71       3,148,000.98
Cash Flows from Investing Activities        
Cash Inflows         
     Proceeds from Sale of Investment Property                              -        
     Proceeds from Sale/Disposal of Property, Plant and Equipment                              -        
     Proceeds from Sale of Non-Current Investments                              -        
     Collection of Principal on loans to other entities                              -        
     Total Cash Inflows                              -                               -                             -                             -  
Cash Outflows        
    Purchase/Construction of Investment Property                              -        
    Purchase/Construction of Property, Plant and Equipment         6,945,944.92        3,959,543.99          323,093.99       2,663,306.94
    Investment                              -        
    Purchase of Bearer Biological Assets                              -        
    Purchase of Intangible Assets                              -        
    Grant of Loans                              -        
    Total Cash Outflows         6,945,944.92        3,959,543.99          323,093.99       2,663,306.94
Net Cash Flows from  Investing Activities       (6,945,944.92)      (3,959,543.99)        (323,093.99)     (2,663,306.94)
Cash Flows from Financing Activities        
Cash Inflows        
     Proceeds from Issuance of Bonds                              -        
     Proceeds from Loans                              -        
     Total Cash Inflows                              -                               -                             -                             -  
Cash Outflows        
    Payment of Long-Term Liabilities                              -        
    Retirement/Redemption of debt securities                              -        
    Payment of loan amortization         3,531,598.89        3,531,598.89    
    Total Cash Outflows         3,531,598.89        3,531,598.89                           -                             -  
Net Cash Flows from Financing Activities       (3,531,598.89)      (3,531,598.89)                           -                             -  
Total Cash Provided by Operating, Investing and         
        Financing Activities       52,031,913.61      48,386,229.85       3,160,989.72          484,694.04
Add: Cash at the Beginning of the year    160,493,919.67      85,343,739.55    14,704,944.56    60,445,235.56
Cash Balance at the End of the Year    212,525,833.28   133,729,969.40    17,865,934.28    60,929,929.60

 

Certified Correct:

GLADYS P. HURAÑO, CPA

City Accountant