19, CABALTICA, Ednalyn A.

A. Closing Entries
1. To closed used Subsidy from National Government

Subsidy from National Government 4030102000 13,242,080.00

Revenue and Expense Summary 3030101000 13,242,080.00

2. To close revenue accounts to Revenue and Expense Summary

Permit fees 4020101000 252,000.00

Registration fees 4020102000 74,500.00
Clearance and Certificate Fees 4020104000 8,200.00
Processing Fees 4020113000 47,800.00
Income from Grants and Donations in Cash4040201000 1,070,000.00
Miscellaneous Income 4060201000 64,000.00
Revenue and Expense Summary 3030101000 1,516,500.00

3. To close expense /loss accounts to Revenue and Expense Summary

Revenue and Expense Summary 3030101000 7,452,820.00

Salaries and Wages - Basic (Civilian) 5010101001 3,108,000.00
PERA- Civilian 5010201001 192,000.00
Retirement and Life Insurance Prem 5010301000 372,960.00
Pag-IBIG- Civilian 5010302001 9,600.00
PhilHealth-Civilan 5010303001 10,800.00
Water Expenses 5020401000 2,780.00
Electricity Expenses 5020402000 4,440.00
Communication Expenses- Mobile 5020502001 2,640.00
Communication Expenses- Landline 5020502002 4,800.00
Internet Subscription Expenses 5020503000 31,600.00
Postage and Courier Service 5020501000 1,150.00
Travelling Expenses-Local 5020101000 14,000.00
Training Expenses 5020201000 51,500.00
Travelling Expenses- Foreign 5020102000 1,500.00
Scholarship grants/expenses 5020202000 115,000.00
Research, Exploration and Develop 5020702000 1,875,000.00
Consultancy Services 5021103000 198,000.00
Other Professional Services 5021199000 132,000.00
Semi-Expandable Office Equipment 5020321002 306,000.00
Office Supplies Expenses 5020301000 605,000.00
Semi-Expandable ICT Expenses 5020321003 285,500.00
Accountable Forms Expenses 5020302000 10,000.00
Non-Accountable Forms Expenses 5020303000 700.00
Welfare Goods for Distribution Expe 5020306000 58,000.00
Depreciation Expenses- Machinery 5050105002 59,850.00
and Equipment

4. To close Revenue and Expenses Summary to Accumulated Surplus/ Deficit

Revenue and Expenses Summary 3030101000 7,305,760.00

Accumulated Surplus/ Deficit 3010101000 7,305,760.00

Accumulated Surplus/Deficit 3010101000 1,515,900.00

Cash-Treasury Agency Deposits Regu1010401000 1,515,900.00
B. Post- Closing Trial Balance
DEPARTMENT ABCD
Post-Closing Trial Balance
As of December 31, 2015
Account Title UACS Object Code Debit Credit

Cash-Collecting Officer 1010101000 100.00

Office Supplies Inventory 1040401000 200,000.00
Semi-Expandable Office Equipment 1040502000 100,000.00
Semi-Expandable ICT 1040503000 150,000.00
Land 1060101000 1,000,000.00
Building 1060401000 4,500,000.00
oOffice Equipment 1060502000 190,000.00
Accumulated depreciation-Office Equi 1060502100 21,058.33
ICT Equipment 1060503000 350,000.00
Accumulated depreciation-ICT Equipm 1060503100 38,791.67
Due to BIR 2020101000 132,600.00
Due to GSIS-RLIP 2020102001 54,390.00
Due to Pag-IBIG- Premium 2020103001 1,600.00
Due to PhilHealth 2020104000 1,800.00
Guaranty/Security Deposits Payable 2040104000 450,000.00
Accumulated Surplus/Deficit 3010101000 5,789,860.00
Total 6,490,100.00 ###
C. Detailed Statement of Financial Position

Department ABCD
Detailed Statement of Financial Position
As of December 31, 2015
ASSETS
Current Assets 100.00
Cash and Cash Equivalent 100.00
Cash- Collecting Officer 1010101000
Inventories 450,000.00
Office Supplies Inventory 1040401000 200,000.00
Semi- Expandable Office Equipment 1040502000 100,000.00
Semi- Expandable ICT 1040503000 150,000.00

Total Current Assets 450,100.00

Non Current Assets

Property, Plant and Equipment 5,980,150.00
Land 1060101000 1,000,000.00
Building 1060401000 4,500,000.00
Office Equipment 1060502000 190,000.00
Less: Accumulated Depreciatio- Office 1060502100
Equipment 21,058.33
Book Value 168,941.67
ICT Equipment 1060503000 350,000.00
Less: Accumulated Depreciation- ICT
Equipment 1060503100
38,791.67
Book Value 311,208.33

Total Non Current Assets 5,980,150.00

Total Assets 6,430,250.00

Liability and Equity

Liabilities
Intra-Agency Payables 190,390.00
Due to BIR 2020101000 132,600.00
Due to GSIS-RLIP 2020102001 54,390.00
Due to Pag-IBIG- premium 2020103001 1,600.00
Due to PhilHealth 2020104000 1,800.00
Trust Liabilities 450,000.00
Guaranty/ Security Deposits Payables 2040104000 450,000.00

Total Liabilities 640,390.00

Net Assets/Equity
Government Equity
Accumulated Surplus/Deficit 3010101000 5,789,860.00

Total Liabilities and Net Assets/ Equity 6,430,250.00

D. Detailed Statement of Financial Performance

DEPARTMENT ABCD
Detailed Statement of Financial Performance
For the Year Ended December 31, 2015

Revenue
Service Income 446,500.00
Permit Fees 4020101000 252,000.00
Registration Fees 4020102000 74,500.00
Clearance and Cert. Fees 4020104000 8,200.00
Prcessing Fees 4020113000 47,800.00
Miscellaneous Income 64,000.00
Shares, Grant and Donations 1,070,000.00
Income from Grants and Donations in Cash 4040201000 1,070,000.00

Total Revenue 1,516,500.00

Current Operating Expenses

Personnel Services 3,693,360.00
Salaries and Wages-Basic (Civilian) 5010101001 3,108,000.00
PERA-Civilian 5010201001 192,000.00
Retirement and Life Insurance Premiums 5010301000 372,960.00
Pag-IBIG Civilian 5010302001 9,600.00
PhilHealth- Civilian 5010303001 10,800.00
Maintenance and Other Operating Expenses 3,699,610.00
Water Expenses 5020401000 2,780.00
Electricity Expenses 5020402000 4,440.00
Communication Expenses- Mobile 5020502001 2,640.00
Communication Expenses- Landline 5020502002 4,800.00
Internet Subscription Expenses 5020503000 31,600.00
Postage and Courier Services 5020501000 1,150.00
Travelling Expenses- Local 5020101000 14,000.00
Training Expenses 5020201000 51,500.00
Travelling Expenses- Foreign 5020102000 1,500.00
Scholarship Grants/Expenses 502020200 115,000.00
Research, Exploration and Development 5020702000 1,875,000.00
Consultancy Services 5021103000 198,000.00
Other professional Services 5021199000 132,000.00
Semi- Expandable Office Equipment 5020321002 306,000.00
Office Supplies Expense 5020301000 605,000.00
Semi- Expandable ICT Expenses 5020321003 285,500.00
Accountable Forms Expenses 5020302000 10,000.00
Non- Accountable Forms Expenses 5020303000 700.00
Welfare Goods for Distribution Expenses 5020306000 58,000.00
Non-Cash Expenses 59,850.00
Depreciation Expenses- Machinery and Equi 5050105002 59,850.00

Total Current Operating Expenses 7,452,820.00

Surplus (Deficit) from Current Operations -5,936,320.00

Financial Assistance/ Subsidy from NGAs, LGUs ,GOCCs 13,242,080.00

Subsidy from National Government 4030102000 13,242,080.00

Surplus (Deficit) for the Period 7,305,760.00

E. Statement of Changes in Net Assets/ Equity

DEPARTMENT ABCD
Statement of Changes in Net Assets/Equity
As of December 31, 2015

Balance at January 1 0.00

Add(Deduct)
Cash- Treasury/Agency Deposit- Regular 1010401000 -1,515,900.00
Changes in Net Assets/ Equity for the Calendar Year 7,305,760.00
Balance at December 31 5,789,860.00
F. Statement of Cash Flows

DEPARTMENT ABCD
Statement of Cash Flows
For Year Ended December 31, 2015
Cash from Operating Activities
Cash Inflows:
Service Income 447,000.00
Permit fees 252,500.00
Registration Fees 74,500.00
Clearance and Certification Fees 8,200.00
Processing Fees 47,800.00
Miscellaneous Income 64,000.00
Share, Grants and Donation in Cash 1,070,000.00
Receipts of NCA 14,470,000.00
Total Cash Inflows 15,987,000.00

Cash Outflows:
Remittance of Income 1,516,400.00
Permit fees 252,000.00
Registration Fees 74,500.00
Clearance and Certification Fees 8,100.00
Processing Fees 47,800.00
Miscellaneous Income 64,000.00
Income from Grants and Donations in Cash 1,070,000.00
Personal Services 3,778,720.00
Payment of Salaries and Wages 2,533,680.00
Grant of Cash Advances 182,000.00
Remittance of Contributions 1,063,040.00
Maintenance and Other Operating Expenses 4,223,860.00
Payment of Supplies, Materials and Inventories 1,715,200.00
Payment of water Expenses 2,780.00
Payment of Electricity Expenses 4,440.00
Payment for Postage and Courier Services 1,150.00
Payment of Telephone Expenses 39,040.00
Payment for Research, Exploration and Development Exp 1,757,812.50
Payment for Professional Services 297,000.00
Payment of Taxes Withheld 406,437.50
Reversal of Unutilized NCA 1,227,920.00
Total Cash Outflows 10,746,900.00
Net Cash Provided by (Used in) Operating Activities

Cash flows from Investing Activities:

Cash Inflows 0.00
Cash Outflows
Purchase of Land 950,000.00
Construction of Building 3,768,750.00
Purchase of Office Equipment 190,000.00
Purchase of ICT Equipment 331,250.00
Total Cash Outflows 5,240,000.00
Net Cash Provided by (used in) Investing Activities 5,240,000.00

Net Increase (Decrease) in Cash and Cash Equivalent 100.00

Cash and Cash Equivalent, January 1 0.00
Cash and Cash Equivalent, December 31 100.00
G. Statement of Comparison of Budget and Actual Amount

DEPARTMENT ABCD
Statement of Comparison of Budget and Actual Amount
For the Year Ended December 31, 2015
Budgeted Amounts Actual Amounts on Difference Final Budget and
Particular
Original Final Comparable Basis Actual
Receipts 220,000.00 220,000.00 252,000.00 32,000.00
Permit Fees 55,000.00 55,000.00 74,500.00 19,500.00
Registration Fees 6,000.00 6,000.00 8,200.00 2,200.00
Clearance and Certification Fees 40,000.00 40,000.00 47,800.00 7,800.00
Processing Fees 40,000.00 40,000.00 64,000.00 24,000.00
Miscellaneous Income 14,470,000.00 14,470,000.00 13,242,080.00 -1,227,920.00
Assistance And Subsidy 1,000,000.00 1,000,000.00 1,070,000.00 70,000.00
Shares, Grants andDonations 15,831,000.00 15,831,000.00 14,758,580.00 -1,072,420.00
Total Receipts

Payments
Personnel Services 3,800,000.00 3,800,000.00 3,693,360.00 -106,640.00
Maintenance and Other Operating Expens 4,750,000.00 4,750,000.00 3,759,460.00 -990,540.00
Capital Outlay 6,530,000.00 6,530,000.00 0.00 -6,530,000.00
Total Payments 15,080,000.00 15,080,000.00 7,452,820.00 -7,627,180.00

Net Receipts (Payments) 751,000.00 751,000.00 7,305,760.00 6,554,760.00