STATEMENT OF RECEIPTS AND EXPENDITURES CY2014

 

SRE/Q4/2014

STATEMENT OF RECEIPTS AND EXPENDITURES

LGU: ISLAND GARDEN CITY OF SAMAL

PERIOD COVERED: Q4 / 2014

Particulars Income Target/ Budget Appropriation General Fund SEF Total
LOCAL SOURCES 74,315,301.05 57,507,993.33 11,273,162.29 68,781,155.62
TAX REVENUE 37,903,925.49 23,467,181.93 11,177,286.54 34,644,468.47
Real Property Tax 19,378,925.49 7,824,100.58 11,177,286.54 19,001,387.12
Tax on Business 14,265,000.00 12,636,253.85 0.00 12,636,253.85
Other Taxes 4,260,000.00 3,006,827.50 0.00 3,006,827.50
NON-TAX REVENUE 36,411,375.56 34,040,811.40 95,875.75 34,136,687.15
Regulatory Fees (Permits and Licenses) 11,664,000.00 11,769,909.98 0.00 11,769,909.98
Service/User Charges (Service Income) 10,655,638.00 11,394,416.96 0.00 11,394,416.96
Receipts from Economic Enterprises (Business Income) 12,061,737.56 9,424,977.95 0.00 9,424,977.95
Other Receipts (Other General Income) 2,030,000.00 1,451,506.51 95,875.75 1,547,382.26
EXTERNAL SOURCES 387,791,406.00 390,836,415.91 0.00 390,836,415.91
Internal Revenue Allotment 387,791,406.00 390,757,267.00 0.00 390,757,267.00
Other Shares from National Tax Collections 0.00 79,148.91 0.00 79,148.91
Inter-Local Transfers 0.00 0.00 0.00 0.00
Extraordinary Receipts/Grants/Donations/Aids 0.00 0.00 0.00 0.00
TOTAL CURRENT OPERATING INCOME 462,106,707.05 448,344,409.24 11,273,162.29 459,617,571.53
ADD: SUPPLEMENTAL BUDGET (UNAPPROPRIATED SURPLUS) FOR CURRENT OPERATING EXPENDITURES 0.00 0.00 0.00 0.00
TOTAL AVAILABLE FOR CURRENT OPERATING EXPENDITURES 462,106,707.05 448,344,409.24 11,273,162.29 459,617,571.53
LESS: CURRENT OPERATING EXPENDITURES (PS + MOOE + FE)        
General Public Services 213,748,422.99 202,284,532.90 0.00 202,284,532.90
Education, Culture & Sports/Manpower Development 8,630,478.00 0.00 6,093,238.82 6,093,238.82
Health, Nutrition & Population Control 39,518,499.72 37,764,263.79 0.00 37,764,263.79
Labor and Employment 0.00 0.00 0.00 0.00
Housing and Community Development 1,240,227.94 719,591.51 0.00 719,591.51
Social Services and Social Welfare 26,312,128.35 15,765,279.05 0.00 15,765,279.05
Economic Services 84,716,922.16 75,657,258.39 0.00 75,657,258.39
Debt Service (FE) (Interest Expense & Other Charges) 8,240,305.60 3,459,885.26 0.00 3,459,885.26
TOTAL CURRENT OPERATING EXPENDITURES 382,406,984.76 335,650,810.90 6,093,238.82 341,744,049.72
NET OPERATING INCOME/(LOSS) FROM CURRENT OPERATIONS 79,699,722.29 112,693,598.34 5,179,923.47 117,873,521.81
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 11,289,396.15 0.00 11,289,396.15
TOTAL NON-INCOME RECEIPTS 0.00 11,289,396.15 0.00 11,289,396.15
ADD: SUPPLEMENTAL BUDGET FOR CAPITAL OUTLAY 0.00 0.00 0.00 0.00
TOTAL AMOUNT AVAILABLE FOR CAPITAL EXPENDITURES 0.00 11,289,396.15 0.00 11,289,396.15
LESS: NON-OPERATING EXPENDITURES        
CAPITAL/INVESTMENT EXPENDITURES 68,437,147.71 22,393,349.62 16,100.00 22,409,449.62
Purchase/Construct of Property Plant and Equipment (Assets/Capital Outlay) 68,437,147.71 22,393,349.62 16,100.00 22,409,449.62
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) 19,000,000.00 10,062,479.64 0.00 10,062,479.64
Payment of Loan Amortization 19,000,000.00 10,062,479.64 0.00 10,062,479.64
Retirement/Redemption of Bonds/Debt Securities 0.00 0.00 0.00 0.00
OTHER NON-OPERATING EXPENDITURES 0.00 11,206,659.51 0.00 11,206,659.51
TOTAL NON-OPERATING EXPENDITURES 87,437,147.71 43,662,488.77 16,100.00 43,678,588.77
NET INCREASE/(DECREASE) IN FUNDS -7,737,425.42 80,320,505.72 5,163,823.47 85,484,329.19
ADD: CASH BALANCE, BEGINNING 114,166,129.00 108,026,064.00 6,140,065.00 114,166,129.00
FUND/CASH AVAILABLE 106,428,703.58 188,346,569.72 11,303,888.47 199,650,458.19
Less: Payment of Prior Year/s Accounts Payable 19,966,444.40 19,612,388.38 354,056.02 19,966,444.40
CONTINUING APPROPRIATION 85,013,347.26 60,428,724.01 0.00 60,428,724.01
ADD: ADVANCE PAYMENT FOR RPT 0.00 334,647.55 478,067.91 812,715.46
FUND/CASH BALANCE, END 1,448,911.92 108,640,104.88 11,427,900.36 120,068,005.24
  GF SEF TOTAL
FUND/CASH BALANCE, END 108,640,104.88 11,427,900.36 120,068,005.24
Amount set aside to finance projects with appropriations      
provided in the previous years (Continuing appropriations) 62,324,479.30 2,052,775.95 64,377,255.25
Amount set aside for payment of Accounts Payable 20,438,172.02 221,640.46 20,659,812.48
Amount set aside for Obligation not yet Due and Demandable 8,122,899.07 1,240,709.38 9,363,608.45
Amount Available for appropriations/operations 17,754,554.49 7,912,774.57 25,667,329.06
Total Assets (net of accumulated depreciation) 658,357,612.79      

 

 

Certified correct:    

(SGD.) MERLINA G. CABALLERO

City Treasurer

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


 

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