Professional Documents
Culture Documents
MUNICIPALITY OF ABUCAY
STATEMENT OF FINANCIAL POSITION
General Fund
As of December 31, 2014
(With Comparative Figures for CY 2013)
2014 2013
ASSETS
Current Assets
Cash P 23,172,366.49 P 17,951,988.46
Receivables 1,434,087.37 4,222,669.76
Inventories 1,173,469.11 864,244.38
Prepaid Expenses 223,851.57 258,063.09
Total Current Assets 26,003,774.54 23,296,965.69
Investments and Property, Plant and Equipment
(Net of depreciation)
Investments
Investments in Securities 2,511,541.83 516,687.83
Total Investments 2,511,541.83 516,687.83
Property, Plant & Equipment
Land and Land Improvements 12,919,744.87 13,082,182.80
Buildings 90,216,807.90 93,239,570.92
Office Equipment, Furniture and Fixtures 2,185,075.53 1,728,953.49
Machineries and Equipment 4,710,184.67 3,451,567.35
Transportation Equipment 1,368,038.75 1,062,163.25
Other Property, Plant and Equipment 11,228.62 24,603.70
Construction in Progress 17,935,750.00 840,000.00
Total Property, Plant and Equipment 129,346,830.34 113,429,041.51
Total Investments and Property,
Plant and Equipment 131,858,372.17 113,945,729.34
Other Assets 320,770.13 424,248.35
TOTAL ASSETS P 158,182,916.84 P 137,666,943.38
2014 2013
ASSETS
Current Assets
Cash P 4,253,295.11 P 307,616.91
Receivables 266,299.71 3,106,596.10
Total Current Assets 4,519,594.82 3,414,213.01
Property, Plant & Equipment ( net of
depreciation )
Land and Land Improvements 4,131,126.69 4,340,400.73
Buildings 1,011,543.51 1,055,310.97
Office Equipment, Furniture and Fixtures 189,143.80 292,008.78
Machineries and Equipment 284,912.67 192,210.78
Total Property, Plant and Equipment 5,616,726.67 5,879,931.26
Other Assets 66,474.77 60,676.94
TOTAL ASSETS P 10,202,796.26 P 9,354,821.21
LIABILITIES
Current Liabilities P 3,625.72 P 1,811.28
Deferred Credits 266,299.71 3,106,596.10
TOTAL LIABILITIES 269,925.43 3,108,407.38
EQUITY
Government Equity, End 9,932,870.83 6,246,413.83
TOTAL LIABILITIES & EQUITY P 10,202,796.26 P 9,354,821.21
Appendix A-3
MUNICIPALITY OF ABUCAY
STATEMENT OF FINANCIAL POSITION
Trust Fund
As of December 31, 2014
(With Comparative Figures for CY 2013)
2014 2013
ASSETS
Current Assets
Cash P 9,993,026.72 P 5,657,893.95
Total Current Assets 9,993,026.72 5,657,893.95
TOTAL ASSETS P 9,993,026.72 P 5,657,893.95
LIABILITIES
Current Liabilities P 9,759,107.05 P 5,292,669.56
Deferred Credits 233,919.67 365,224.39
TOTAL LIABILITIES 9,993,026.72 5,657,893.95
2014 2013
Income
Local Taxes P 8,861,862.12 P 5,334,562.90
Permit and Licenses 1,956,161.76 1,904,414.13
Service Income 2,039,184.52 2,026,784.68
Business Income 7,596,602.16 6,839,797.27
Other Income 68,445,070.17 60,295,646.09
Total Income 88,898,880.73 76,401,205.07
Less: Expenses
Personal Services 32,944,884.51 34,305,049.96
Maintenance & Other Operating
Expenses 31,306,654.55 26,530,987.79
Financial Expenses 1,257,111.76 1,574,517.09
Total Expenses 65,508,650.82 62,410,554.84
Income before Subsidies and Donations 23,390,229.91 13,990,650.23
Add: Subsidy from Other LGUs 85,000.00 80,000.00
Subsidy from NGAs - 17,000.00
Total 23,475,229.91 14,087,650.23
Less: Subsidy to LGUs - 9,000.00
Subsidy to Other Funds 607,627.38 141,213.42
Donations 949,160.00 1,490,552.60
Total 1,556,787.38 1,640,766.02
NET INCOME P 21,918,442.53 P 12,446,884.21
Appendix B-2
MUNICIPALITY OF ABUCAY
STATEMENT OF COMPREHENSIVE INCOME
Special Education Fund
For the Year Ended December 31, 2014
(With Comparative Figures for CY 2013)
2014 2013
Income
Local Taxes P 6,956,470.18 P 2,935,034.49
Other Income 5,687.27 1,779.72
Total Income 6,962,157.45 2,936,814.21
Less: Expenses
Personal Services - 10,938.26
Maintenance & Other Operating Expenses 3,251,109.25 3,060,259.01
Total Expenses 3,251,109.25 3,071,197.27
2014 2013
Cash Flows from Operating Activities
Cash Inflows
Collection from Taxpayers P 11,611,493.54 P 8,118,844.83
Share from Internal Revenue Allotment 67,914,929.00 60,018,030.00
Receipts from sale of goods & services 8,962,271.61 8,295,739.44
Interest Income 98,781.07 145,538.80
Other Receipts 585,000.00 97,000.00
Total Cash Inflows 89,172,475.22 76,675,153.07
Cash Outflows
Payments to-
Suppliers/creditors 25,298,147.12 21,550,061.91
Employees 32,938,838.77 34,305,049.96
Interest Expense 1,257,111.76 1,574,517.09
Other Disbursements - 413,990.52
Total Cash Outflows 59,494,097.65 57,843,619.48
Net Cash from Operating Activities 29,678,377.57 18,831,533.59
2014 2013
Cash Flows from Operating Activities
Cash Inflows
Collection from Taxpayers P 6,956,470.18 P 2,935,034.49
Interest Income 5,687.27 1,779.72
Total Cash Inflows 6,962,157.45 2,936,814.21
Cash Outflows
Payments to -
Suppliers/creditors 2,878,549.25 2,677,232.70
Employees - 10,938.26
Total Cash Outflows 2,878,549.25 2,688,170.96
Net Cash from Operating Activities 4,083,608.20 248,643.25
2014 2013
Cash Flows from Operating Activities
Cash Inflows
Collections from Taxpayers P 23,446,523.17 P 14,062,413.42
Interest Income 64,625.56 77,922.93
Total Cash Inflows 23,511,148.73 14,140,336.35
Cash Outflows
Payments to -
Suppliers/creditors 19,176,015.96 17,801,618.51
Total Cash Outflows 19,176,015.96 17,801,618.51
Net Cash from Operating Activities 4,335,132.77 (3,661,282.16)
Net Increase (Decrease) in Cash 4,335,132.77 (3,661,282.16)
Cash at Beginning of the Period 5,657,893.95 9,319,176.11
Cash at the End of the Period P 9,993,026.72 P 5,657,893.95
Appendix D
MUNICIPALITY OF ABUCAY
STATEMENT OF APPROPRIATIONS, ALLOTMENTS, OBLIGATIONS AND BALANCES
GENERAL FUND AND SPECIAL EDUCATION FUND
2014
BALANCES OF
CODE FUNCTION/PROGRAM/PROJECT APPROPRIATIONS ALLOTMENTS OBLIGATIONS ALLOTMENTS
1000 GENERAL PUBLIC SERVICES 44,588,668.11 44,588,668.11 39,052,104.14 5,536,563.97
PS 18,872,523.81 18,872,523.81 18,077,163.84 795,359.97
MOOE 20,166,144.30 20,166,144.30 16,333,509.89 3,832,634.41
CO 3,350,000.00 3,350,000.00 3,014,852.16 335,147.84
FE 2,200,000.00 2,200,000.00 1,626,578.25 573,421.75
3000 EDUCATION, CULTURE, SPORTS 4,020,514.48 4,020,514.48 3,018,293.69 1,002,220.79
& MANPOWER DEVELOPMENT
MOOE 3,778,914.48 3,778,914.48 2,880,363.69 898,550.79
CO 241,600.00 241,600.00 137,930.00 103,670.00
4000 HEALTH SERVICES 11,865,825.48 11,865,825.48 11,182,521.96 683,303.52
PS 7,920,033.48 7,920,033.48 7,574,367.99 345,665.49
MOOE 3,445,792.00 3,445,792.00 3,310,183.97 135,608.03
CO 500,000.00 500,000.00 297,970.00 202,030.00
6000 HOUSING & COMMUNITY DEV. 13,582,985.80 13,582,985.80 13,450,787.28 132,198.52
CO 9,582,985.80 9,582,985.80 9,450,787.28 132,198.52
FE 4,000,000.00 4,000,000.00 4,000,000.00 -
7000 SOCIAL WELFARE SERVICES 3,473,982.38 3,473,982.38 2,956,373.82 517,608.56
PS 1,615,862.38 1,615,862.38 1,609,224.92 6,637.46
MOOE 1,758,120.00 1,758,120.00 1,275,063.52 483,056.48
CO 100,000.00 100,000.00 72,085.38 27,914.62
8000 ECONOMIC SERVICES 11,671,404.61 11,671,404.61 10,204,923.14 1,466,481.47
PS 5,959,882.73 5,959,882.73 5,684,127.76 275,754.97
MOOE 3,615,689.18 3,615,689.18 2,511,915.57 1,103,773.61
CO 2,095,832.70 2,095,832.70 2,008,879.81 86,952.89
9000 OTHER PURPOSES 4,156,674.12 4,156,674.12 4,147,674.12 9,000.00
MOOE 2,005,149.12 2,005,149.12 1,996,149.12 9,000.00
CO 2,151,525.00 2,151,525.00 2,151,525.00 -
TOTAL 93,360,054.98 93,360,054.98 84,012,678.15 9,347,376.83
RECAP:
PS 34,368,302.40 34,368,302.40 32,944,884.51 1,423,417.89
MOOE 34,769,809.08 34,769,809.08 28,307,185.76 6,462,623.32
CO 18,021,943.50 18,021,943.50 17,134,029.63 887,913.87
FE 6,200,000.00 6,200,000.00 5,626,578.25 573,421.75
TOTAL 93,360,054.98 93,360,054.98 84,012,678.15 9,347,376.83
Appendix E (10 of 12)
Obs. No. 1, page 19
Municipality of Abucay
Schedule of Collections and Deposits
For the Period Covered October 1 to December 31, 2014
Payee
Check
Date DV No. as stated in as stated in Particulars Amount
No.
DV Check
7/14/2014 1290549 100- Penelco- Sonia O. Purchase of 100 meters 1,719.20
1407- Balanga City Magtanong duplex# 6 wire for
1162 official use at Sibul
Spring Resort
7/22/2014 1290590 100- Clum Trading Gilbert S. Payment of labor/ spare 2,430.00
1409- Manlapid parts incured for the
1436 repair of service
vehicles and equipment
9/18/2014 1290783 100- Solar flex Emily M. De Payment of spare parts/ 1,900.00
1409- marketing Luna supply to be used for
1543 the repair of backhoe,
service equipment
9/22/2014 1290801 100- Solar flex Sonia O Payment of spare part/ 1,780.00
1409- marketing Magtanong equipment supplies in
1597 repairing backhoe
Total 22,723.40