STATEMENT OF RECEIPTS AND EXPENDITURES CY2016

Created: 19 August 2016 Published Date Hits: 709

SRE/Q2/2016

STATEMENT OF RECEIPTS AND EXPENDITURES

LGU: ISLAND GARDEN CITY OF SAMAL

PERIOD COVERED: Q2 / 2016 

Particulars Income Target/ Budget Appropriation General Fund SEF Total
LOCAL SOURCES 81,874,000.00 44,486,483.34 8,108,000.28 52,594,483.62
TAX REVENUE 42,190,000.00 20,752,958.19 7,874,632.50 28,627,590.69
Real Property Tax 23,000,000.00 5,512,242.75 7,874,632.50 13,386,875.25
Tax on Business 14,850,000.00 12,722,821.72 0.00 12,722,821.72
Other Taxes 4,340,000.00 2,517,893.72 0.00 2,517,893.72
NON-TAX REVENUE 39,684,000.00 23,733,525.15 233,367.78 23,966,892.93
Regulatory Fees (Permits and Licenses) 13,355,000.00 9,426,637.43 0.00 9,426,637.43
Service/User Charges (Service Income) 13,900,000.00 7,341,432.16 0.00 7,341,432.16
Receipts from Economic Enterprises (Business Income) 10,565,000.00 5,820,141.96 0.00 5,820,141.96
Other Receipts (Other General Income) 1,864,000.00 1,145,313.60 233,367.78 1,378,681.38
EXTERNAL SOURCES 442,995,809.00 243,330,428.05 0.00 243,330,428.05
Internal Revenue Allotment 442,945,809.00 242,406,684.00 0.00 242,406,684.00
Other Shares from National Tax Collections 50,000.00 30,674.05 0.00 30,674.05
Inter-Local Transfers 0.00 0.00 0.00 0.00
Extraordinary Receipts/Grants/Donations/Aids 0.00 893,070.00 0.00 893,070.00
TOTAL CURRENT OPERATING INCOME 524,869,809.00 287,816,911.39 8,108,000.28 295,924,911.67
ADD: SUPPLEMENTAL BUDGET (UNAPPROPRIATED SURPLUS) FOR CURRENT OPERATING EXPENDITURES 0.00 0.00 0.00 0.00
TOTAL AVAILABLE FOR CURRENT OPERATING EXPENDITURES 524,869,809.00 287,816,911.39 8,108,000.28 295,924,911.67
LESS: CURRENT OPERATING EXPENDITURES (PS + MOOE + FE)        
General Public Services 243,483,371.86 94,442,941.59 0.00 94,442,941.59
Education, Culture & Sports/Manpower Development 13,071,970.00 0.00 2,454,539.00 2,454,539.00
Health, Nutrition & Population Control 45,844,486.76 18,361,896.67 0.00 18,361,896.67
Labor and Employment 0.00 0.00 0.00 0.00
Housing and Community Development 0.00 0.00 0.00 0.00
Social Services and Social Welfare 30,430,431.93 8,982,761.20 0.00 8,982,761.20
Economic Services 93,848,525.80 38,901,699.19 0.00 38,901,699.19
Debt Service (FE) (Interest Expense & Other Charges) 10,000,000.00 2,211,084.53 0.00 2,211,084.53
TOTAL CURRENT OPERATING EXPENDITURES 436,678,786.35 162,900,383.18 2,454,539.00 165,354,922.18
NET OPERATING INCOME/(LOSS) FROM CURRENT OPERATIONS 88,191,022.65 124,916,528.21 5,653,461.28 130,569,989.49
ADD: NON-INCOME RECEIPTS        
CAPITAL/INVESTMENT RECEIPTS 0.00 0.00 0.00 0.00
Proceeds from Sale of Assets 0.00 0.00 0.00 0.00
Proceeds from Sale of Debt Securities of Other Entities 0.00 0.00 0.00 0.00
Collection of Loans Receivables 0.00 0.00 0.00 0.00
RECEIPTS FROM LOANS AND BORROWINGS 0.00 0.00 0.00 0.00
Acquisition of Loans 0.00 0.00 0.00 0.00
Issuance of Bonds 0.00 0.00 0.00 0.00
OTHER NON-INCOME RECEIPTS 0.00 4,596,413.31 0.00 4,596,413.31
TOTAL NON-INCOME RECEIPTS 0.00 4,596,413.31 0.00 4,596,413.31
ADD: SUPPLEMENTAL BUDGET FOR CAPITAL OUTLAY 0.00 0.00 0.00 0.00
TOTAL AMOUNT AVAILABLE FOR CAPITAL EXPENDITURES 0.00 4,596,413.31 0.00 4,596,413.31
LESS: NON-OPERATING EXPENDITURES        
CAPITAL/INVESTMENT EXPENDITURES 81,307,418.47 3,642,116.47 96,004.27 3,738,120.74
Purchase/Construct of Property Plant and Equipment (Assets/Capital Outlay) 81,307,418.47 3,642,116.47 96,004.27 3,738,120.74
Purchase of Debt Securities of Other Entities (Investment Outlay) 0.00 0.00 0.00 0.00
Grant/Make Loan to Other Entities (Investment Outlay) 0.00 0.00 0.00 0.00
DEBT SERVICE (Principal Cost) 18,000,000.00 6,753,598.24 0.00 6,753,598.24
Payment of Loan Amortization 18,000,000.00 6,753,598.24 0.00 6,753,598.24
Retirement/Redemption of Bonds/Debt Securities 0.00 0.00 0.00 0.00
OTHER NON-OPERATING EXPENDITURES 0.00 3,511,629.05 0.00 3,511,629.05
TOTAL NON-OPERATING EXPENDITURES 99,307,418.47 13,907,343.76 96,004.27 14,003,348.03
NET INCREASE/(DECREASE) IN FUNDS -11,116,395.82 115,605,597.76 5,557,457.01 121,163,054.77
ADD: CASH BALANCE, BEGINNING 186,477,060.98 171,772,116.42 14,704,944.56 186,477,060.98
FUND/CASH AVAILABLE 175,360,665.16 287,377,714.18 20,262,401.57 307,640,115.75
Less: Payment of Prior Year/s Accounts Payable 17,442,825.07 16,856,469.82 586,355.25 17,442,825.07
CONTINUING APPROPRIATION 105,824,798.94 19,485,361.13 0.00 19,485,361.13
ADD: ADVANCE PAYMENT FOR RPT 0.00 404,969.44 578,527.76 983,497.20
FUND/CASH BALANCE, END 52,093,041.15 251,440,852.67 20,254,574.08 271,695,426.75
  GF SEF TOTAL
FUND/CASH BALANCE, END 251,440,852.67 20,254,574.08 271,695,426.75
Amount set aside to finance projects with appropriations      
provided in the previous years (Continuing appropriations) 0.00 0.00 0.00
Amount set aside for payment of Accounts Payable 0.00 0.00 0.00
Amount set aside for Obligation not yet Due and Demandable 0.00 0.00 0.00
Amount Available for appropriations/operations 251,440,852.67 20,254,574.08 271,695,426.75
Total Assets (net of accumulated depreciation) 0.00      

 

 

Certified correct:     (SGD.) MERLINA G. CABALLERO

City Treasurer

Generated by MARITES DE LA TORRE CORSIGA on 15/08/2016 1.06 PM