Accountant's Report For the quarter ended June 30, 2016

Created: 23 August 2016 Published Date Hits: 291

Consolidated Statement of Cash Flows

Consolidated Statement of Cash Flows

For the quarter ended June 30, 2016

Particulars  Total   General Fund   Special Education Fund   Trust Fund 
Cash Flows from Operating Activities        
Cash Inflows        
     Collection from taxpayers       27,492,187.20       18,837,113.88       8,655,073.32                           -  
     Share from Internal Revenue Allotment    242,406,684.00    242,406,684.00                           -                             -  
     Receipts from business/service income       27,779,552.17       27,779,552.17                           -                             -  
     Interest Income         1,076,819.25            851,394.79            54,429.58          170,994.88
     Other Receipts       54,101,680.90       18,073,893.43                           -      36,027,787.47
    Total Cash Inflows    352,856,923.52    307,948,638.27       8,709,502.90    36,198,782.35
Cash Outflows        
    Payment of expenses         4,247,425.36         4,241,425.36               6,000.00                           -  
    Payments to suppliers and creditors       38,621,704.98       28,324,017.22       2,209,398.26       8,088,289.50
    Payments to employees    125,283,946.99    124,994,874.53                           -            289,072.46
    Other Expenses       42,244,444.85       27,332,608.47          356,850.38    14,554,986.00
    Total Cash Outflows    210,397,522.18    184,892,925.58       2,572,248.64    22,932,347.96
Net Cash Flows from Operating Activities    142,459,401.34    123,055,712.69       6,137,254.26    13,266,434.39
Cash Flows from Investing Activities        
Cash Inflows         
     Total Cash Inflows                              -                                -                             -                             -  
Cash Outflows        
    Purchase/Construction of Property, Plant and Equipment       33,690,629.45       28,975,620.17          563,320.58       4,151,688.70
    Total Cash Outflows       33,690,629.45       28,975,620.17          563,320.58       4,151,688.70
Net Cash Flows from  Investing Activities     (33,690,629.45)     (28,975,620.17)        (563,320.58)     (4,151,688.70)
Cash Flows from Financing Activities        
Cash Inflows        
     Total Cash Inflows                              -                                -                             -                             -  
Cash Outflows        
    Payment of loan amortization         8,964,682.77         8,964,682.77    
    Total Cash Outflows         8,964,682.77         8,964,682.77                           -                             -  
Net Cash Flows from Financing Activities       (8,964,682.77)       (8,964,682.77)                           -                             -  
Total Cash Provided by Operating, Investing and         
        Financing Activities       99,804,089.12       85,115,409.75       5,573,933.68       9,114,745.69
Add: Cash at the Beginning of the year    246,922,296.54    171,772,116.42    14,704,944.56    60,445,235.56
Cash Balance at the End of the Quarter    346,726,385.66    256,887,526.17    20,278,878.24    69,559,981.25

 

Certified Correct :

GLADYS P. HURAÑO, CPA

City Accountant