Provincial Government of La Union General Fund Trial Balance

GENERAL FUND
PROVINCIAL GOVERNMENT OF LA UNION

General Fund
Post-Closing Trial Balance

As of December 31, 2010
Account Title
Cash - Disbursing Officers Payroll Fund Cash in Bank - Local Currency , Current Account Cash in Bank - Local Currency, Time Deposits Loans Receivable - Others Due from NGAs Due from LGUs Due from NGOs/POs Due from Other Funds Other Receivables Merchandise Inventory Office Supplies Inventory Accountable Forms Inventory Drugs and Medicine Inventory Medical, Dental and Laboratory Supplies Inventory Other Supplies Inventory Advances to Contractors Other Current Assets Land Land Improvements Office Buildings School Buildings Hospitals and Health Centers Other Structures Office Equipment Furniture and Fixtures IT Equipment and Software Machineries Agricultural, Fishery and Forestry Equipment Communication Equipment Construction and Heavy Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Technical and Scientific Equipment Other Machineries and Equipment Motor Vehicles Other Transportation Equipment Other Property, Plant and Equipment Construction in Progress - Agency Assets Construction in Progress - Roads, Highways and Bridges Construction in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls Construction in Progress - Waterways, Aqueducts, Seawalls, River Walls and Others Contruction in Progress - Other Public Infrastructures Other Assets Accumulated Depreciation - Land Improvements Accumulated Depreciation - Office Buildings Accumulated Depreciation - School Buildings Accumulated Depreciation - Hospitals and Health Centers Accumulated Depreciation - Other Structures Accumulated Depreciation - Office Equipment Accumulated Depreciation - Furniture and Fixtures Accumulated Depreciation - IT Equipment Accumulated Depreciation - Machineries Accumulated Depreciation - Agricultural, Fishery and Forestry Equipment Accumulated Depreciation - Communication Equipment Accumulated Depreciation - Construction and Heavy Equipment Accumulated Depreciation - Hospital Equipment
Account Code
103 106 111 113 126 136 138 139 144 149 154 155 156 159 160 165 181 189 201 202 211 212 213 215 221 222 223 226 227 229 230 232 233 234 236 240 241 248 250 264 266 270 271 272 273 290 302 311 312 313 315 321 322 323 326 327 329 330 332
Debit
6,859,070.61 775,631.16 87,235,857.53 298,050,003.41 27,855,564.70 1,140,078.00 724,832.80 501,760.00 27,053,741.64 1,986,623.45 5,974,866.86 1,325,599.14 508,035.10 3,032,457.21 6,503,542.86 1,425,000.00 1,180,479.72 10,589.99 59,826,297.50 10,414,704.05 83,292,963.27 27,394,257.28 24,212,918.71 15,002,268.13 7,451,298.88 24,335,296.21 19,866,051.54 1,851,049.74 3,039,660.00 3,504,035.50 41,167,854.04 47,927,294.00 8,001,079.50 631,997.00 2,773,582.00 11,133,902.27 48,625,308.68 17,782,006.44 4,885,652.48 24,732,998.77 11,622,396.21 406,129.80 2,657,000.37 118,513.82 1,062,023.41 3,056,546,884.40
Credit
4,461,334.66 16,273,284.10 24,654,831.55 9,934,043.43 3,767,878.29 4,162,055.34 8,024,132.93 10,103,083.05 1,039,675.73 1,890,693.45 1,178,494.51 25,547,639.81 11,149,892.53
Date/Time Printed :
January 10, 2011 09:25:37 AM
Page 1 of 2

General Fund
Pre-Closing Trial Balance

Account Title
Cash - Disbursing Officers Payroll Fund Cash in Bank - Local Currency , Current Account Cash in Bank - Local Currency, Time Deposits Loans Receivable - Others Due from NGAs Due from LGUs Due from NGOs/POs Due from Other Funds Other Receivables Merchandise Inventory Office Supplies Inventory Accountable Forms Inventory Drugs and Medicine Inventory Medical, Dental and Laboratory Supplies Inventory Other Supplies Inventory Advances to Contractors Other Current Assets Land Land Improvements Office Buildings School Buildings Hospitals and Health Centers Other Structures Office Equipment Furniture and Fixtures IT Equipment and Software Machineries Agricultural, Fishery and Forestry Equipment Communication Equipment Construction and Heavy Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Technical and Scientific Equipment Other Machineries and Equipment Motor Vehicles Other Transportation Equipment Other Property, Plant and Equipment Construction in Progress - Agency Assets Construction in Progress - Roads, Highways and Bridges Construction in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls Construction in Progress - Waterways, Aqueducts, Seawalls, River Walls and Others Contruction in Progress - Other Public Infrastructures Other Assets Accumulated Depreciation - Land Improvements Accumulated Depreciation - Office Buildings Accumulated Depreciation - School Buildings Accumulated Depreciation - Hospitals and Health Centers Accumulated Depreciation - Other Structures Accumulated Depreciation - Office Equipment Accumulated Depreciation - Furniture and Fixtures Accumulated Depreciation - IT Equipment Accumulated Depreciation - Machineries Accumulated Depreciation - Agricultural, Fishery and Forestry Equipment Accumulated Depreciation - Communication Equipment Accumulated Depreciation - Construction and Heavy Equipment Accumulated Depreciation - Hospital Equipment
Account Code
103 106 111 113 126 136 138 139 144 149 154 155 156 159 160 165 181 189 201 202 211 212 213 215 221 222 223 226 227 229 230 232 233 234 236 240 241 248 250 264 266 270 271 272 273 290 302 311 312 313 315 321 322 323 326 327 329 330 332
Debit
6,859,070.61 775,631.16 87,235,857.53 298,050,003.41 27,855,564.70 1,140,078.00 724,832.80 501,760.00 27,053,741.64 1,986,623.45 5,974,866.86 1,325,599.14 508,035.10 3,032,457.21 6,503,542.86 1,425,000.00 1,180,479.72 10,589.99 59,826,297.50 10,414,704.05 83,292,963.27 27,394,257.28 24,212,918.71 15,002,268.13 7,451,298.88 24,335,296.21 19,866,051.54 1,851,049.74 3,039,660.00 3,504,035.50 41,167,854.04 47,927,294.00 8,001,079.50 631,997.00 2,773,582.00 11,133,902.27 48,625,308.68 17,782,006.44 4,885,652.48 24,732,998.77 11,622,396.21 406,129.80 2,657,000.37 118,513.82 1,062,023.41 3,056,546,884.40
Credit
4,461,334.66 16,273,284.10 24,654,831.55 9,934,043.43 3,767,878.29 4,162,055.34 8,024,132.93 10,103,083.05 1,039,675.73 1,890,693.45 1,178,494.51 25,547,639.81 11,149,892.53
Date/Time Printed :
January 10, 2011 09:11:41 AM
Page 1 of 4

General Fund

Account Title
Accumulated Depreciation - Medical, Dental and Laboratory Equipment Accumulated Depreciation - Military and Police Equipment Accumulated Depreciation - Technical and Scientific Equipment Accumulated Depreciation - Other Machineries and Equipment Accumulated Depreciation - Motor Vehicles Accumulated Depreciation - Other Transportation Equipment Accumulated Depreciation - Other Property, Plant and Equipment Accounts Payable Due to Officers and Employees Due to BIR Due to GSIS Due to PAG-IBIG Due to PHILHEALTH Due to Other NGAs Due to LGUs Due to Other Funds Other Payables Loans Payable - Domestic Other Deferred Credits Government Equity Amusement Tax Business Taxes Franchise Tax Occupation Tax Printing and Publication Tax Property Transfer Tax Real Property Tax Tax on Sand, Gravel and Other Quarry Products Fines and Penalties - Local Taxes Permit Fees Clearance and Certification Fees Medical, Dental, and Laboratory Fees Other Services Income Hospital Fees Income from Dormitory Operations Rent Income Subsidy from Other Funds Income from Grants and Donations Interest Income Internal Revenue Allotment Share from National Wealth Share from PAGCOR/PCSO Share from Tobacco Excise Tax Miscellaneous Income Gain/Loss on Sale of Disposed Assets Prior Years' Adjustments Salaries and Wages - Regular Salaries and Wages - Emergency Personnel Economic Relief Allowance (PERA) Representation Allowance (RA) Transportation Allowance (TA) Clothing/Uniform Allowance Subsistence, Laundry and Quarter Allowance Productivity Incentive Allowance Honoraria Hazard Pay Overtime and Night Pay Cash Gift Year End Bonus Life and Retirement Insurance Contributions
Account Code
333 334 336 340 341 348 350 401 403 412 413 414 415 416 418 424 439 444 455 501 581 582 584 585 586 587 588 593 599 605 613 619 628 631 635 642 657 662 664 665 669 670 671 678 682 684 701 707 711 713 714 715 716 717 720 721 723 724 725 731
Debit
Credit
3,650,176.96 281,624.01 1,424,321.88 4,529,247.45 19,524,997.56 11,831,022.29 2,324,371.37 30,773,136.85 2,833,499.80 2,718,337.60 3,967,095.36 706,545.54 262,537.70 532,521.13 1,325,045,080.33 601,781,798.04 790,994,749.01 4,384,263.42 2,491,890.00 653,952,298.81 252,296.00 578,100.00 1,019,426.05 270,354.00 12,294.54 3,630,602.58 28,718,939.26 2,325,448.02 424,291.70 375,200.00 985,513.50 15,134,123.21 1,200,335.50 16,553,454.40 22,850.00 2,429,280.23 83,426,846.90 935,800.40 5,747,288.71 603,917,631.00 40,000.00 286,874.48 437,817,193.90 9,279,916.06 3,080.43 100,506.40
146,262,796.96 26,973,101.04 27,590,841.95 3,111,900.00 2,916,300.00 4,688,000.00 5,578,295.00 2,112,000.00 1,000.00 6,569,209.94 693,684.17 5,912,500.00 14,707,058.02 20,781,425.59
Date/Time Printed :
January 10, 2011 09:11:41 AM
Page 2 of 4

General Fund

Account Title
PAG-IBIG Contributions PHILHEALTH Contributions ECC Contributions Terminal Leave Benefits Other Personnel Benefits Travelling Expenses - Local Travelling Expenses - Foreign Training Expenses Office Supplies Expenses Accountable Forms Expenses Animal/Zoological Supplies Expenses Food Supplies Expenses Drugs and Medicines Expenses Medical, Dental and Laboratory Supplies Expenses Gasoline, Oil and Lubricants Expenses Textbooks and Instructional Materials Expenses Other Supplies Expenses Water Expenses Electricity Expenses Postage and Deliveries Telephone Expenses - Landline Telephone Expenses - Mobile Internet Expenses Membership Dues and Contributions to Organizations Advertising Expenses Printing and Binding Expenses Rent Expenses Representation Expenses Subscriptions Expenses Consultancy Services Other Professional Services Repairs and Maintenance - Office Buildings Repairs and Maintenance - Hospital and Health Centers Repairs and Maintenance - Other Structures Repairs and Maintenance - Office Equipment Repairs and Maintenance - IT Equipment and Software Repairs and Maintenance - Machineries Repairs and Maintenance - Communication Equipment Repairs and Maintenance - Construction and Heavy Equipment Repairs and Maintenance - Hospital Equipment Repairs and Maintenance - Technical and Scientific Equipment Repairs and Maintenance - Other Machineries and Equipment Repairs and Maintenance - Motor Vehicles Repairs and Maintenance - Other Transportation Equipment Repairs and Maintenance - Other Property, Plant and Equipment Subsidy to Local Government Units Subsidy to Government Owned and Controlled Corporations Subsidy to Other Funds Donations Intelligence Expenses Extraordinary Expenses Fidelity Bond Premiums Insurance Expenses Depreciation - Land Improvements Depreciation - Office Buildings Depreciation - Hospitals and Health Centers Depreciation - Other Structures Depreciation - Office Equipment Depreciation - Furniture and Fixtures Depreciation - IT Equipment
Account Code
732 733 734 742 749 751 752 753 755 756 757 758 759 760 761 763 765 766 767 771 772 773 774 778 780 781 782 783 786 793 799 811 813 815 821 823 826 829 830 832 836 840 841 848 850 874 875 877 878 882 883 892 893 902 911 913 915 921 922 923
Debit
1,400,619.30 2,042,767.50 1,211,996.65 6,772,752.21 15,388,526.71 9,570,362.55 574,150.00 1,661,360.00 10,613,571.89 249,480.00 152,728.00 5,023,673.07 11,031,186.87 6,721,449.44 6,321,519.48 20,400.00 4,512,764.25 597,872.63 11,149,689.56 358,222.80 1,973,013.13 1,129,715.82 1,210,666.00 340,950.00 527,867.10 73,310.00 8,960.00 123,808.00 58,069.68 2,660,000.00 6,537,000.00 793,459.00 213,300.00 286,224.00 236,338.17 5,620.00 12,000.00 500.00 963,704.54 94,000.00 8,544.00 72,468.00 2,603,665.67 692,413.69 5,800.00 1,940,800.00 35,000,000.00 83,426,846.90 83,300,422.30 6,000,000.00 70,960.00 4,500.00 1,856,137.73 862,014.24 759,716.08 572,329.37 403,536.93 730,596.26 2,009,417.02 2,599,298.49
Credit
Date/Time Printed :
January 10, 2011 09:11:41 AM
Page 3 of 4
Balance Sheet
As of December 31, 2010 Detailed General Fund
ASSETS Current Assets Cash Cash on Hand Cash - Disbursing Officers Payroll Fund Cash in Banks - Local Currency Cash in Bank - Local Currency , Current Account Cash in Bank - Local Currency, Time Deposits Receivables Receivable Accounts Loans Receivable - Others Inter - Agency Receivables Due from NGAs Due from LGUs Due from NGOs/POs Intra - Agency Receivables Due from Other Funds Other Receivables Other Receivables Inventories Materials Merchandise Inventory Supplies Office Supplies Inventory Accountable Forms Inventory Drugs and Medicine Inventory 1,325,599.14 508,035.10 3,032,457.21 5,974,866.86 ________________ 1,986,623.45 59,262,600.59 27,053,741.64 1,140,078.00 724,832.80 ________________ 501,760.00 2,366,670.80 27,855,564.70 87,235,857.53 ________________ ________________ 298,050,003.41 385,285,860.94 392,920,562.71 6,859,070.61 ________________ 775,631.16 7,634,701.77
Page 1 of 5 Date/Time Printed : January 10, 2011 09:26:32 AM
Balance Sheet
Medical, Dental and Laboratory Supplies Inventory Other Supplies Inventory Prepayments Advances to Contractors Other Current Assets Other Current Assets Property, Plant and Equipment Land and Land Improvements Land Land Improvements Less : Accumulated Depreciation - Land Improvements Buildings Office Buildings Less : Accumulated Depreciation - Office Buildings School Buildings Less : Accumulated Depreciation - School Buildings Hospitals and Health Centers Less : Accumulated Depreciation - Hospitals and Health Centers Other Structures Less : Accumulated Depreciation - Other Structures Office Equipment, Furniture and Fixtures Office Equipment Less : Accumulated Depreciation - Office Equipment Furniture and Fixtures Less : Accumulated Depreciation - Furniture and Fixtures IT Equipment and Software Less : Accumulated Depreciation - IT Equipment 7,451,298.88 ________________ 4,162,055.34 24,335,296.21 ________________ 8,024,132.93 19,866,051.54 ________________ ________________ 10,103,083.05 9,762,968.49 29,363,375.31 Page 2 of 5 Date/Time Printed : January 10, 2011 09:26:32 AM 16,311,163.28 3,289,243.54 83,292,963.27 ________________ 16,273,284.10 27,394,257.28 ________________ 24,654,831.55 24,212,918.71 ________________ 9,934,043.43 15,002,268.13 ________________ ________________ 3,767,878.29 11,234,389.84 95,272,370.02 14,278,875.28 2,739,425.73 67,019,679.17 10,414,704.05 ________________ ________________ 4,461,334.66 5,953,369.39 65,779,666.89 59,826,297.50 ________________ 10,589.99 472,143,734.18 1,180,479.72 6,503,542.86 ________________ ________________ 1,425,000.00 12,794,634.31 18,769,501.17
Balance Sheet
Machineries and Equipment Machineries Less : Accumulated Depreciation - Machineries Agricultural, Fishery and Forestry Equipment Less : Accumulated Depreciation - Agricultural, Fishery and Forestry Equipment Communication Equipment Less : Accumulated Depreciation Communication Equipment Construction and Heavy Equipment Less : Accumulated Depreciation - Construction and Heavy Equipment Hospital Equipment Less : Accumulated Depreciation - Hospital Equipment Medical, Dental and Laboratory Equipment Less : Accumulated Depreciation - Medical, Dental and Laboratory Equipment Military and Police Equipment Less : Accumulated Depreciation - Military and Police Equipment Technical and Scientific Equipment Less : Accumulated Depreciation - Technical and Scientific Equipment Other Machineries and Equipment Less : Accumulated Depreciation - Other Machineries and Equipment Transportation Equipment Motor Vehicles Less : Accumulated Depreciation - Motor Vehicles Other Transportation Equipment Less : Accumulated Depreciation - Other Transportation Equipment Other Property, Plant and Equipment Other Property, Plant and Equipment 4,885,652.48 48,625,308.68 ________________ 19,524,997.56 17,782,006.44 ________________ ________________ 11,831,022.29 5,950,984.15 35,051,295.27 29,100,311.12 1,851,049.74 ________________ 1,039,675.73 3,039,660.00 ________________ 1,890,693.45 3,504,035.50 ________________ 1,178,494.51 41,167,854.04 ________________ 25,547,639.81 47,927,294.00 ________________ 11,149,892.53 8,001,079.50 ________________ 3,650,176.96 631,997.00 ________________ 281,624.01 2,773,582.00 ________________ 1,424,321.88 11,133,902.27 ________________ ________________ 4,529,247.45 6,604,654.82 69,338,687.72 1,349,260.12 350,372.99 4,350,902.54 36,777,401.47 15,620,214.23 2,325,540.99 1,148,966.55 811,374.01
Balance Sheet
Less : Accumulated Depreciation - Other Property, Plant and Equipment Construction in Progress Agency Assets Construction in Progress - Agency Assets Public Infrastructures / Reforestation Projects Construction in Progress - Roads, Highways and Bridges Construction in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls Construction in Progress - Waterways, Aqueducts, Seawalls, River Walls and Others Contruction in Progress - Other Public Infrastructures Other Assets Other Assets TOTAL ASSETS LIABILITIES Current Liabilities Payable Accounts Accounts Payable Due to Officers and Employees Inter - Agency Payables Due to BIR Due to GSIS Due to PAG-IBIG Due to PHILHEALTH Due to Other NGAs Due to LGUs Intra - Agency Payables Due to Other Funds 601,781,798.04 Page 4 of 5 Date/Time Printed : January 10, 2011 09:26:32 AM 2,718,337.60 3,967,095.36 706,545.54 262,537.70 532,521.13 ________________ 1,325,045,080.33 1,333,232,117.66 30,773,136.85 ________________ 2,833,499.80 33,606,636.65 ___________________ 3,056,546,884.40 3,866,656,357.28 ________________ ________________ 11,622,396.21 406,129.80 2,657,000.37 118,513.82 24,732,998.77 ________________ 2,324,371.37 2,561,281.11
________________ ________________ ________________ 1,062,023.41 15,866,063.61 40,599,062.38
337,965,738.70
Balance Sheet
Other Liability Accounts Other Payables Long Term Liabilities Mortgage/Bonds/Loans Payable Loans Payable - Domestic Deferred Credits Other Deferred Credits TOTAL LIABILITIES EQUITY Government Equity Government Equity TOTAL EQUITY TOTAL LIABILITIES AND EQUITY ________________ 1,100,164,902.50 ________________ 1,100,164,902.50 3,866,656,357.28 ________________ ________________ ________________ 2,491,890.00 2,766,491,454.78 4,384,263.42 ________________ 790,994,749.01 2,759,615,301.36
Statement of Income and Expenses

For the period ending December 31, 2010 Detailed General Fund
Income General Income Accounts Subsidy Income Subsidy from Other Funds Permits and Licenses Permit Fees Service Income Clearance and Certification Fees Medical, Dental, and Laboratory Fees Other Services Income Business Income Hospital Fees Income from Dormitory Operations Rent Income Other Income Income from Grants and Donations Interest Income Internal Revenue Allotment Share from National Wealth Share from PAGCOR/PCSO Share from Tobacco Excise Tax Miscellaneous Income Tax Revenue Local Taxes Amusement Tax Business Taxes Franchise Tax 252,296.00 578,100.00 1,019,426.05 935,800.40 5,747,288.71 603,917,631.00 40,000.00 286,874.48 437,817,193.90 9,279,916.06 ________________ ________________ 1,058,024,704.55 1,178,152,308.29 16,553,454.40 22,850.00 2,429,280.23 ________________ 19,005,584.63 985,513.50 15,134,123.21 1,200,335.50 ________________ 17,319,972.21 375,200.00 83,426,846.90
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 1 of 7

Occupation Tax Printing and Publication Tax Property Transfer Tax Real Property Tax Tax on Sand, Gravel and Other Quarry Products Fines and Penalties - Local Taxes Gain/Loss Accounts Gain/Loss on Sale of Disposed Assets Gross Income Less: Expenses Personal Services Salaries and Wages Salaries and Wages - Regular Salaries and Wages - Emergency Other Compensation Personnel Economic Relief Allowance (PERA) Representation Allowance (RA) Transportation Allowance (TA) Clothing/Uniform Allowance Subsistence, Laundry and Quarter Allowance Productivity Incentive Allowance Honoraria Hazard Pay Overtime and Night Pay Cash Gift Year End Bonus Personnel Benefits Contributions 27,590,841.95 3,111,900.00 2,916,300.00 4,688,000.00 5,578,295.00 2,112,000.00 1,000.00 6,569,209.94 693,684.17 5,912,500.00 14,707,058.02 ________________ 73,880,789.08 146,262,796.96 26,973,101.04 ________________ 173,235,898.00 ________________) (3,080.43 ________________ 1,215,380,980.01 270,354.00 12,294.54 3,630,602.58 28,718,939.26 2,325,448.02 424,291.70 ________________ 37,231,752.15
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 2 of 7

Life and Retirement Insurance Contributions PAG-IBIG Contributions PHILHEALTH Contributions ECC Contributions Other Personnel Benefits Terminal Leave Benefits Other Personnel Benefits Maintenance and Other Operating Expenses Travelling Expenses Travelling Expenses - Local Travelling Expenses - Foreign Training and Scholarship Expenses Training Expenses Supplies and Material Expenses Office Supplies Expenses Accountable Forms Expenses Animal/Zoological Supplies Expenses Food Supplies Expenses Drugs and Medicines Expenses Medical, Dental and Laboratory Supplies Expenses Gasoline, Oil and Lubricants Expenses Textbooks and Instructional Materials Expenses Other Supplies Expenses Utility Expenses Water Expenses Electricity Expenses Communication Expenses 597,872.63 11,149,689.56 ________________ 11,747,562.19 10,613,571.89 249,480.00 152,728.00 5,023,673.07 11,031,186.87 6,721,449.44 6,321,519.48 20,400.00 4,512,764.25 ________________ 44,646,773.00 1,661,360.00 9,570,362.55 574,150.00 ________________ 10,144,512.55 6,772,752.21 15,388,526.71 ________________ ________________ 22,161,278.92 294,714,775.04 20,781,425.59 1,400,619.30 2,042,767.50 1,211,996.65 ________________ 25,436,809.04
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 3 of 7

Postage and Deliveries Telephone Expenses - Landline Telephone Expenses - Mobile Internet Expenses Membership Dues and Contributions to Oranizations Membership Dues and Contributions to Organizations Advertising Expenses Advertising Expenses Printing and Binding Expenses Printing and Binding Expenses Rent Expenses Rent Expenses Representation Expenses Representation Expenses Subscriptions Expenses Subscriptions Expenses Professional Services Consultancy Services Other Professional Services Repair and Maintenance Buildings Repairs and Maintenance - Office Buildings Repairs and Maintenance - Hospital and Health Centers Repairs and Maintenance - Other Structures Office Equipment, Furniture and Fixtures Repairs and Maintenance - Office Equipment Repairs and Maintenance - IT Equipment and Software 236,338.17 5,620.00 ________________ 241,958.17 793,459.00 213,300.00 286,224.00 ________________ 1,292,983.00 2,660,000.00 6,537,000.00 ________________ 9,197,000.00 58,069.68 123,808.00 8,960.00 73,310.00 527,867.10 340,950.00 358,222.80 1,973,013.13 1,129,715.82 1,210,666.00 ________________ 4,671,617.75
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 4 of 7

Machineries and Equipment Repairs and Maintenance - Machineries Repairs and Maintenance - Communication Equipment Repairs and Maintenance - Construction and Heavy Equipment Repairs and Maintenance - Hospital Equipment Repairs and Maintenance - Technical and Scientific Equipment Repairs and Maintenance - Other Machineries and Equipment Transportation Equipment Repairs and Maintenance - Motor Vehicles Repairs and Maintenance - Other Transportation Equipment Other Property, Plant and Equipment Repairs and Maintenance - Other Property, Plant and Equipment Subsidies and Donations Subsidy to Local Government Units Subsidy to Government Owned and Controlled Corporations Subsidy to Other Funds Donations Confidential, Intelligence, Extraordinary and Misc Expenses Intelligence Expenses Extraordinary Expenses Taxes, Insurance Premiums and Other Fees Fidelity Bond Premiums Insurance Expenses Non-Cash Expenses Depreciation Land Improvements Depreciation - Land Improvements 862,014.24 4,500.00 1,856,137.73 ________________ 1,860,637.73 6,000,000.00 70,960.00 ________________ 6,070,960.00 1,940,800.00 35,000,000.00 83,426,846.90 83,300,422.30 ________________ 203,668,069.20 5,800.00 ________________ 5,988,037.07 2,603,665.67 692,413.69 ________________ 3,296,079.36 12,000.00 500.00 963,704.54 94,000.00 8,544.00 72,468.00 ________________ 1,151,216.54
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 5 of 7

Buildings Depreciation - Office Buildings Depreciation - Hospitals and Health Centers Depreciation - Other Structures Office Equipment - Furniture and Fixtures Depreciation - Office Equipment Depreciation - Furniture and Fixtures Depreciation - IT Equipment Machineries and Equipment Depreciation - Machineries Depreciaiton - Agricultural, Fishery and Forestry Equipment Depreciation - Communication Equipment Depreciation - Construction and Heavy Equipment Depreciation - Hospital Equipment Depreciation - Medical, Dental and Laboratory Equipment Depreciation - Military and Police Equipment Depreciation - Technical and Scientific Equipment Depreciation - Other Machineries and Equipment Transportation Equipment Depreciation - Motor Vehicles Depreciation - Other Transportation Equipment Other Property, Plant and Equipment Depreciation - Other Property, Plant and Equipment Other Maintenance and Other Operating Expenses Other Maintenance and Other Operating Expenses Financial Expenses ________________ 153,044,680.68 474,286,693.25 ________________ 592,592.77 20,452,518.30 3,989,662.50 596,805.91 ________________ 4,586,468.41 71,914.50 246,755.28 294,957.22 1,674,570.48 3,747,530.12 235,975.12 38,254.80 178,266.87 848,324.34 ________________ 7,336,548.73 730,596.26 2,009,417.02 2,599,298.49 ________________ 5,339,311.77 759,716.08 572,329.37 403,536.93 ________________ 1,735,582.38
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 6 of 7

Interest Expenses Total Operating Expenses Net Income (Loss) ________________ 267,414.43 ________________ 769,268,882.72 446,112,097.29 ________________ ________________
Date/Time Printed :
January 10, 2011 09:27:55 AM
Page 7 of 7
Statement of Cash Flows

Period Ended January 01, 2010 To December 31, 2010
General Fund
Cash Flow from Operating Activities :
Cash Inflows : Other Manual Transactions Collection from Sale of Inventory Items Collection of Business Income Collection of Inter-Agency Receivables Collection of Intra-Agency Receivables Collection of Loan Receivables Collection of Local Taxes Collection of Other Income Collection of Other Receivables Collection of Overpayment of MOOE/Capital Outlay Collection of Overpayment of Salaries, Wages, Benefits and Other Compensation Collection of Permits and Licenses Collection of Prior Years Income Collection of Real Property Tax Collection of Receivables - Special Collection of Service Income Other Adjustments Proceeds from Sale of Property, Plant and Equipment Receipt of Funds for Implementation of Projects Receipt of Government Share for Terminal Leave Benefits/Monetization of Leave Credits of Devolved LG Receipt of Internal Revenue Allotment Receipt of Refund of Cash Advance for Travel and Special Purpose Receipt of Retention Fees from Contractors Receipt of Share from Tobacco Excise Tax Receipt of Subsidy from Other Fund Total Cash Inflows : 190,236,554.76 13,893,813.09 19,005,584.63 1,017,465.99 24,068,622.51 2,150,085.30 14,054,964.71 181,540,939.44 27,593,251.34 74,351.72 20,481.75 375,200.00 7,446.24 27,994,931.46 6,072,482.85 17,801,035.79 8,171,193.51 20,140,870.00 13,092,649.51 24,010,113.00 603,917,631.00 601,700.67 10,000,000.00 270,011,091.84 92,937,471.87 ________________ 1,568,789,932.98
Cash OutFlows : Remittance of Withholding Taxes to BIR Remittance to PHILHEALTH for Mandatory and Authorized Deductions (36,917,373.52) (3,881,558.37)
Date/Time Printed :
January 10, 2011 09:31:56 AM
Page 1 of 3

General Fund
Payment for Other Maintenance and Other Operating Expenses Payment of Advances to Contractors Grant of Loan to Officials and Employees Remittance to Government Agencies and Private Entities for Authorized Deductions Adjustment of Income Accounts Remittance to GSIS for Mandatory and Authorized Deductions Purchase of Inventories, Supplies and Materials Directly Issued to End-User Payment for Taxes, Premiums and Other Fees Payment of Financial Expenses Payment of Intra-Agency Payable Purchase/Fabrication/Construction of Property, Plant and Equipment Payment of Miscellaneous Expenses Payment for Training and Scholarship Expenses Payment of Progress Billing of Contractors for Public Infrastructures Payment of Progress Billing of Contractor for Agency Assets Grant of Cash Advance for Travel and Special Purpose Payment for Utility Expenses Reimbursement of Traveling Expenses Grant of Subsidies and Donations Payment for Repairs and Maintenance of Property, Plant and Equipment Payment for Purchase of Inventories, Supplies and Materials for Stock Other Adjustments Payment of Accounts Payable for Construction in Progress and Purchase of PPE Transfer of Funds for Implementation of Project Remittance to PAG-IBIG for Mandatory and Authorized Deductions Payment of Accounts Payable for Personal Services, Supplies, Materials and Other MOOE Payment/Reimbursement of Confidential, Intelligence, Extraordinary and Miscellaneous Expenses Payment of Salaries and Wages and Other Compensation Payment of Other Liability Accounts Payment of Inter-Agency Payable Grant of Loan to LGUs, NGOs/POs and Other Entities Other Manual Transactions Payment for Communication Expenses (149,071,774.95) (1,308,714.86) (20,464,490.95) (31,598,005.56) (1,291,785.98) (52,055,491.00) (24,136,615.10) (1,742,342.51) (413,803.32) (9,256,569.43) (67,432.00) (2,000.00) (1,772,447.75) (121,136,733.57) (14,454,374.19) (10,639,175.42) (9,903,987.37) (8,799,426.61) (212,714,231.49) (4,143,352.46) (23,439,111.56) (8,046,851.66) (2,433,083.79) (8,092,649.51) (10,840,135.68) (24,863,007.84) (39,225.00) (207,816,202.45) (2,244,021.60) (24,483,360.29) (5,000,000.00) (190,081,149.76) (4,102,377.70)
Date/Time Printed :
January 10, 2011 09:31:56 AM
Page 2 of 3

General Fund
Payment for Professional Services Adjustment for Overstatement of Recorded Collections Total Cash Outflows : (8,933,000.00) (41,151.93) ________________ (1,236,227,015.18) ________________
Cash Provided by Operating Activities Cash Flow from Investing Activities :
332,562,917.80
Cash Inflows : Other Adjustments Proceeds from Sale of Property, Plant and Equipment Total Cash Inflows : 31,737.60 237,000.00 ________________ 268,737.60
Cash OutFlows : Purchase/Fabrication/Construction of Property, Plant and Equipment Total Cash Outflows : (53,941,375.67) ________________ (53,941,375.67) ________________
Cash Provided by Investing Activities Cash Flow from Financing Activities :
(53,672,638.07)
Cash OutFlows : Payment of Bonds/Loans Payable and Other Long-Term Liabilities Total Cash Outflows : (22,607,385.83) ________________ (22,607,385.83) ________________
Cash Provided by Financing Activities
________________ (22,607,385.83)
Total Cash provided by Operating, Investing, Financing Activities
256,282,893.90
Add : Cash Balance Beginning Jan 1 2010
136,637,668.81 ________________
Cash Balance Ending Dec 31 2010
________________ 392,920,562.71 ________________
Date/Time Printed :
January 10, 2011 09:31:56 AM
Page 3 of 3
Statement of Government Equity

General Fund
Government Equity, beginning balance Add: Retained Operating Surplus Current Operations Adjustment of Prior Years Public Infrastructure Total Add/Deduct: Other Adjustments Government Equity, End ________________ 406,253,166.39 ________________ 1,100,164,902.50 ________________ 446,112,097.29 100,506.40 ________________ 446,212,603.69 ________________ (126,514,495.64) 693,911,736.11 374,213,628.06
Date/Time Printed :
January 10, 2011 09:34:45 AM
Page 1 of 1
NOTES TO FINANCIAL STATEMENTS
NOTE 1. GENERAL/AGENCY PROFILE LA UNION PROVINCE is an offspring of the union adjoining land areas carved out from the nine towns in Pangasinan, three of Ilocos Sur and villages of the Eastern Pais del Igorotes in the Cordilleras. It was created by virtue of Superior Decreto issued on March 2, 1850 by Governor-General Antonio Maria Blanco. The establishment of La Union as a province was formally approved by the Real Orden of Queen Isabella II of Spain on April 18, 1854. The name La Union indicates the union of towns from different provinces. Since its creation in 1850, La Union is now designated as the center of government for its contributory share in the economic, social, cultural, moral and political development not only in the region but nationwide as well. Today, La Union is classified as a first class, progressive, growth-oriented province. The original twelve towns of the Province have grown to 19 municipalities and a city. Its capital, San Fernando City, is the seat of the regional government offices as well as the regions educational and commercial center. In the late 1990s, the national leadership declared La Union as one of the archipelagos 12 regional administrative centers. La Union has been a springboard to the vigorous East Asian economies. Its major industries/traditional products include softbrooms, baskets, hand-woven blankets (Inabel), pottery, rice wine (Tapuey), sugarcane wine (Basi), sugarcane vinegar, wood craft, bamboo craft, native rice cakes, antique-finish furniture, dried fish, honey and mushroom. It is also proximal to the trading centers in Luzon such as Baguio, Laoag, Vigan, Dagupan and Urdaneta. The Provincial Government of La Union (PGLU) journeys towards the attainment of its VISION of LA UNION: Haven of Peace, Unity and Prosperity for a Much Improved Quality of Life. The IMPROVEMENT of the QUALITY OF LIFE of every constituent in La Union continues to be its primordial vision. The present administration aggressively pursued the implementation of PEACE development agenda. PEACE stands for Participatory Local Administration and Governance, Economic Development Program towards Sustained Growth and Equity, Availability of Efficient Utilities and Infrastructure Support Program, Comprehensive Social Services Delivery and Environment and Natural Resources Program towards Sustainable Management and Utilization of Natural Resources. The Provincial Government of La Union (PGLU) believes that peace, order and security are the most essential factors in achieving the ultimate goal of development. The present administration has pledged to provide and maintain security, stability, peace and order conducive to economic growth and community development as its main thrust. PEACE aims to ensure that all families and sectors of La Union will be rationally served; and emerged economically, socially and environmentally secure; and that La Unions competitive advantage be fortified. PEACE also serves as the key success areas from which the performance of the entire provincial government is evaluated. Headed by the courageous and assiduous Local Chief Executive, Honorable Manuel C. Ortega and astoundingly supported by the Legislative Body and Cabinet Executive Staffs (Department Heads, Chiefs of Hospitals and Consultants to Special Programs/Projects) made continuous notable achievements during the year 2010, the major of which are Best Project Implementer, awarded by Regional Development Council (RDC) Region I; 2010 Presidential Citations for Best Practices (Nominee), by the Micro, Small and Medium Enterprise Development Committee (MSMEDC); Most Business-Friendly Local Government Unit (Special Citation) awarded by Philippine Chamber of Commerce and Industry (PCCI); Maintenance of National Honor Award by the Regional Nutrition Committee; Regional Gawad Saka Award, CY 2010; Regional Gawad Saka Award-Rice Category. The following are the numerous awards previously garnered by the Province: 1) 2) 3) 4) 5) 6) 7) Most Business-Friendly Local Government Unit, Provincial Category, CY 2007 Certificate of Recognition as Local Government Unit with the Shortest Roll-Out Period and Most Updated Financial Statements using the e-NGAS, CY 2007 GAWAD KALASAG (Kalamidad at Sakuna Labanan, Sariling Galing at Kaligtasan) 2007 as the Best Provincial Disaster Coordinating Council National and Regional Levels Outstanding Performance Award in Population Management, 2007 Best NSM Province in Region I, CY 2007 First Runner-up, Best Coastal Resource Management/Local Government Unit Implementer in Region I, CY 2007 Best Provincial Employment Services Office Performance Award in Region I, CY 2007
8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21)
22)
Outstanding Local Government Unit/Agency Project Monitor/ Over-all LGU Champion awarded by the RDC Region I Best LGU Poverty Reduction Program Implementer-RDC Region I and Regional KALAHI or Kapit-bisig Laban sa Kahirapan Convergence Group Most Outstanding Coastal Management Resource Management (CRM) Implementer for CY 2006 & 2007 Champion, 2007 Search for the Best LGU Province in Region I based on the Local Government Performance Management System (LGPMS), RDC, Region I 2nd Runner-up, Search for the Cleanest, Greenest and Safest Province in Region I, RDC Region I, CY 2008 Best Provincial Employment Service Office or PESO Performance Award, DOLE Region I, CY 2008 Best LGU Implementor of Renal Disease Control Program (REDCOP), DOH-REDCOP and National Kidney Transplant Institute (NKTI), CY 2008 Star Plus Regional Productivity & Quality Performance Award, Regional Productivity Committee (RPC), RDC Region I, CY 2008 Most Business Friendly LGU Award, Provincial Category-Level I, awarded by the Philippine Chamber of Commerce and Industry and the German Technical Corporation, CY 2009 Best One-Town One-Product (OTOP) Implementer awarded by the Department of Trade and Industry (DTI), CY 2009 Most Outstanding Monitor (Province) by the Regional Development Council (RDC, Region I, CY 2009 Best Gender and Development (GAD) Responsive LGU Monitor, RDC Region I, CY 2009 Best LGU- Millennium Development Goals (MDG) Project Implementor, RDC Region I, CY 2009 Model Province Award in Region, by the Civil Service Commission (CSC) in recognition of the Provinces campaign against red-tape and in compliance of R.A. 9485 otherwise known as the Anti Red-Tape Act of 2007, CY 2009 Reproductive Health Grant Facility Award, CY 2009
On top of these marks of distinction for the Province, the projects/programs are more envisioned to maintain and provide quality service in all aspects of local governance and public services delivery. To date, La Union is proud to have held its record as one of the healthiest, cleanest, greenest and most peaceful provinces entire the country. It maintains among the lowest crime and malnutrition rates and carries out a sound environment policy. Peace and order, and political and economic stability are among the proud traditions and legacy of La Union. The Consolidated Financial Statements of the General Fund include the accounts of the General Fund Proper, the Special Account - 20% Local Development Fund, the Special Accounts for the Five (5) District Hospitals namely Northern La Union Maternity and Childrens Hospital (NLUMCH), Bacnotan District Hospital (BDH), Naguilian District Hospital (NDH), Caba Medicare and Community Hospital (CMCH) and Rosario District Hospital (RDH); the Five (5) Special Accounts for the 24-Hour Cash Basis Pharmacy being maintained by the said district hospitals and the recently separated accounts of R.A. 7171 (Tobacco Excise Taxes Fund) and PGLU Livelihood/Salary Loan Assistance Fund. The General Fund Proper constitute the accounts of the Offices of the Executive & Legislative, the Statutory/Mandatory Obligations and Non Offices that are fully supported by the Provincial Treasurers collections of the real property taxes, business receipts, fees and share of the Province from the Internal Revenue Allotment during the year. The expenditures in the General Fund Proper also includes payment of Intelligence Fund under the Office of the Governor, payment of consultancy services, honoraria of prosecutors, judges and COMELEC supervisors and officers, and subsidy to the La Union Medical Center, calamity-related expenses, financial assistance to Red Cross and to the Boy Scout of the Philippines and financial assistance to the different local government units. The Special Account 20 % Local Development Fund is funded from the share of Internal Revenue Allotment actually collected during the year. It has fully maintained support mainly to the various priority programs/projects and other mandates under the PEACE agenda of the present administration. Noted are as follows: Implementation of the Integrated Taxation Management System (I-TAX) project; hospital medicines and equipment support; purchases of machineries and hospital equipment; financial assistances to LGUs for the concreting of barangay roads, construction of barangay halls and day care centers, water system development, acquisition of agricultural equipment distributed to barangays; installation of street
lights, and for sports development programs; Operation Rang-ay iti Barangay Program (ORB)- a community outreach program, Bringing-in All the Basic Services to the clustered barangays in the different municipalities of the Province; maintained support to the Special Scholarship Program for qualified students; financial assistance and Philhealth insurance to indigents; enhanced access to golden existence programs; Tourism promotion; salaries & wages of 16 Day Care workers; Nutrition and Population programs; scholarship program to qualified deserving students, environmental protection programs, calamity and relief operations. The Special Accounts for the Five (5) District Hospitals of the Provincial Government were created in May 2008 in preparation for the full implementation of the District Hospitals Economic Enterprise program. The accounts of the district hospitals were previously under the General Fund Proper since the devolution in 1992. Said hospitals were transformed into economic enterprises by virtue of Sangguniang Panlalawigan Resolution No. 038-2005, dated February 10, 2005, or the resolution approving the La Union Integrated Public Health and Hospital Service Development Plan for CY 2004-2008. This has facilitated the recording of financial transactions as well as the monitoring of income and expenditures to ensure transparency and welldefined accountability in order to achieve a more efficient and timely delivery of health services to the public. The Special Accounts for the 24-Hour Cash Basis Pharmacy, being maintained by the Five (5) district hospitals were also created last May 2008. The accounts of the said cash pharmacies were previously integrated under the General Fund Proper since November 2007. This has helped in the monitoring of income derived from the sale of drugs and medicines, medical, dental and laboratory supplies. The Tobacco Excise Tax Fund (R.A. 7171) is funded by the share of the Province from the Tobacco Excise Taxes equivalent to 15 percent of the excise taxes on locally manufactured Virginia-type cigarettes. Republic Act No. 7171, entitled An Act to promote the development of the farmers in Virginia Tobacco Producing Provinces was enacted into law on January 9, 1992. The Provincial Government of La Union (PGLU) strictly adheres to Memorandum Circular No. 61-A and Memorandum Circular No. 41, both issued by the Office of the President, Malacanang, dated November 28, 1993 and September 8, 1999, respectively. The R.A. 7171 Fund is treated as a Special Account under the General Fund. The projects implemented are duly approved by the Sangguniang Panlalawigan (SP) through an appropriation ordinance or resolution. The funds received this year were programmed under SP Resolution Nos. 070-2010,193-2010, and 275-2010 for the following projects: (1) Skills Training/Cooperative Development/Livelihood Loan Assistance; (2) Fluecuring Assistance; (3) La Union Greening Program; (4) Agriculture Equipment Assistance; (5) Purchase of Heavy Equipment; (6) Multi-Purpose Training Center; (7) La Union Apiculture Processing Center; (8) Rehabilitation of Agricultural Lands and clearing of barangay roads; (9) Construction of Drainage and Flood Control Systems; (10) Repairs of Irrigation Dams; (11) Construction of Farmers Multi-purpose Hall; (12) Construction of Water systems; and (13) Concrete Paving & improvement of Farm-to-Market Roads. The PGLU Salary and Livelihood Assistance Program was implemented by virtue of Sannguniang Panlalawigan Resolution No. 091-2010 dated April 15, 2010 and Sangguniang Panlalawigan Ordinance No. 014-2010. It is an Economic Enterprise created to generate revenue for the province and to provide financial assistance in the form of salary or livelihood loan to PGLU officials and employees at a low rate. This project is beneficial both to PGLU and its employees because it increases revenue to the province in the form of interest income, service income & miscellaneous income and for the employees, instead of availing loans from various lending institutions of high interests, they can obtain loan at minimal interest rate. The Loan Assistance fund has an approved budget of Twenty Million Pesos (20,000,000.00) which is funded by the General Fund but due to the growing number of borrowers availing the program, an additional Five Million Pesos (5,000,000.00) from R.A. 7171 was added to the fund pursuant to Sannguniang Panlalawigan Resolution no. 275-2010 dated October 14, 2010. Monthly collection of loan amortizations also served as revolving fund in order to accommodate all qualified loan applicants. It is treated as a special account under the General Fund Books of PGLU and all transactions of the project are fully recorded & accounted. To date, there are 290 officials & employees who availed the loan program and the total gross loan granted is Twenty Nine Million Six Hundred Thirty Eight Thousand Pesos (Php 29,638,000.00). On its first seven months of implementation, the Province generated a net income of One Million Four Hundred Sixty Four Thousand One Hundred Forty Five Pesos (Php1, 464,145.00).
NOTE 2. BASIS OF FINANCIAL STATEMENTS PRESENTATION The Financial Statements are prepared in accordance with the generally accepted state accounting principles and standards using the electronic New Government Accounting System (e-NGAS). The e-NGAS is an accounting software developed by the Commission on Audit to ensure correctness, reliability, completeness and timeliness in recording government financial transactions and to generate financial reports in accordance with the policies and procedures of the New Government Accounting System.
NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The Agency utilized the accrual basis of accounting. All expenses are recognized when incurred and reported in the books of accounts in the period to which they relate. Income is also on accrual basis except for transactions where accrual basis is impractical or when other methods are required by law. Procurement of supplies/materials and equipment are done in accordance with the Government Procurement Reform Act or R.A. 9184. Cost of Inventories are based on perpetual inventory method and priced following the moving average method. Petty Cash Fund (PCF) account is maintained under the Imprest System. All replenishments are directly charged to the expense account. The PCF is not used to purchase regular inventory items for stock. Property, Plant and Equipment are carried at historical cost. Infrastructure projects under construction are valued following the construction period theory. The cost of public infrastructures such as roads, bridges, irrigations, canals and laterals and other infrastructures for general public use are not carried in the books of the agency. The straight line method is used in recording the depreciation of the Property, Plant and Equipment as prescribed in the e-NGAS. Depreciation is computed on the month following the date of purchase. No depreciation is charged to completed public infrastructures and those under construction. Real property taxes, business taxes, other fees and the Share from Internal Revenue Collections are accounted using the accrual method of accounting. Unserviceable Property, Plant and Equipment were properly reclassified as Other Assets. Payable accounts are properly recognized and recorded in the books only upon acceptance of the goods/other assets and rendition of the services to the agency. Financial Expenses such as Bank Charges, Documentary Stamps Expense, and Interest Expenses are separately classified from Maintenance and Other Operating Expenses.
NOTE 4. CORRECTION OF FUNDAMENTAL ERRORS Fundamental errors of prior years are corrected using the Prior Years Adjustments account. Errors affecting the current years operation are charged to the current years accounts.
NOTE 5. CASH This account consists of the following: 1. Cash on Hand A. Cash Disbursing Officer General Fund Proper Rizalina V. Padan Romulo P. Guerrero 20% LDF Rizalina V. Padan Romulo P. Guerrero R. A. 7171 Rizalina V. Padan Romulo P. Guerrero B. Payroll Fund General Fund Proper Rizalina V. Padan 2. Cash in Bank-Local Currency A. Cash in Bank - Local Currency, Current Accounts Fund/Bank General Fund Proper LBP - La Union DBP - La Union Local Development Fund LBP - La Union R.A. 7171 Fund LBP - La Union LBP - La Union Loan Assistance Fund LBP - La Union Account Number
3,983,777.83 88,253.13 P
4,072,030.96
1,482,141.29 75,454.69
1,557,595.98
1,215,765.95 13,677.72
1,229,443.67
6,859,070.61
775,631.16
7,634,701.77
0202-0010-41 0570-004697-030
P 26,551,113.64 89,585.38
P 26,640,699.02
0202-0226-50
3,144,880.45
0202-0143-99 0202-0239-08
1,211,795.12 22,811,021.16
24,022,816.28
0202-0238-27
1,536,403.46
Hospital Accounts DBP - La Union (NLUMCH 0570-004691-030 DBP - La Union (NDH) 0570-004690-030 DBP - La Union (BDH) 0570-004688-030 DBP - La Union (RDH) 0570-004692-030 DBP - La Union (CMCH) 0570-004689-030 Cash Pharmacy
DBP - La Union (NLUMCH) DBP - La Union (NLUMCH)
4,367,235.60 4,697,442.87 6,026,114.68 5,775,396.17 3,760,619.45
24,626,808.77
DBP - La Union (NDH)
0570-004684-030 0570-004684-080 0570-004679-080
1,786,919.17 1,137,743.01 2,005,905.74
DBP - La Union (BDH) DBP - La Union (RDH) DBP - La Union (CMCH)
0570-004634-080 0570-004702-080 0570-012731-080
405,564.53 724,106.17 1,204,010.93
7,264,249.55
87,235,857.53
B. Cash in Bank - Local Currency, Time Deposits Fund/Bank General Fund Proper Phil. Postal Savings - LU LBP - Agoo, La Union R.A. 7171 Fund DBP - La Union DBP - La Union LBP - La Union LBP - Agoo, La Union PNB - La Union PNB - La Union PNB - La Union PNB - La Union Phil. Veterans Bank -LU Phil. Postal Savings - LU Account Number
0022-002948-142 1391-1252-24
2,139,341.53 1,724,899.15
3,864,240.68
0570-07190-014 0570-07190-016 0201-2189-85 1391-1384-23 1547621406000066 1547621406000077 1547621406000088 1547621406000099 03205-000236-7 0022-002948-151
P 20,217,229.90 30,386,222.10 5,175,216.02 10,050,862.79 15,396,756.39 10,216,964.33 50,554,033.63 50,344,560.89 50,409,876.53 50,397,745.07
293,149,467.65
Bacnotan District Hospital -Cash Pharmacy DBP - La Union 0570-830030-608 TOTAL
1,036,295.08
298,050,003.41 P 392,920,562.71
NOTE 6. RECEIVABLES This account consists of the following: 1. Receivable Accounts A. Loans Receivable - Others General Fund Proper La Union Vibrant Women, Incorporated, Aringay La Union Vibrant Women, Incorporated, Bagulin La Union Vibrant Women, Incorporated, Bangar La Union Vibrant Women, Incorporated, Luna La Union Vibrant Women, Incorporated, San Juan La Union Vibrant Women, Incorporated, Sudipen La Union Vibrant Women, Incorporated, Tubao Loan Assistance Fund Salary Loan granted to various PGLU employees 2. Inter - Agency Receivables A. Due from NGAs General Fund - Proper COMELEC, LA UNION
50,000.00 47,500.00 50,000.00 100,000.00 50,000.00 28,150.00 42,000.00
367,650.00
27,487,914.70
27,855,564.70
1,140,078.00
B. Due from LGUs General Fund - Proper Agoo Aringay Balaoan Bangar Bauang Burgos Caba Luna Naguilian Pugo Rosario San Gabriel Sudipen Tubao C. Due from NGOs/POs R. A. 7171 La Union Beekeepers Development Cooperative San Jose Multi-Purpose Cooperative 3. Intra - Agency Receivables
248,088.65 29,944.05 7,182.73 5,043.33 203,542.51 3,157.72 9,795.67 26,357.96 34,006.14 20,786.26 118,503.26 4,596.53 6,102.54 7,725.45
724,832.80
498,760.00 3,000.00
501,760.00
2,366,670.80
This account pertains to the balance of the Due from Other Funds consisting of the following: A. Due from Other Funds General Fund Proper Trust Fund P 86,238.83 Trust Fund -ILGHZ 874.47 20% Local Development Fund 292,252.81 Loan Assistance Fund 20,000,000.00 Northern La Union Maternity CH 460,659.23 Caba Medicare Community Hospital 109,754.20 Bacnotan District Hospital 271,658.21 Naguilian District Hospital 201,178.77 Rosario District Hospital 233,333.35 P 21,655,949.87 R. A. 7171 General Fund Proper 36.00 Loan Assistance Fund 5,000,000.00 5,000,036.00 20% Local Development Fund General Fund Proper 32,127.40 NLUMCH (Cash Pharmacy) Trust Fund PDAF 8,758.00 NLUMCH General Fund Proper 4,205.00 Naguilian District Hospital General Fund Proper 1,195.00 Caba Medicare Community Hospital General Fund Proper 2,120.00 Rosario District Hospital General Fund Proper 24,370.00 Naguilian District Hospital 61,517.87 85,887.87 Bacnotan District Hospital
General Fund Proper Bacnotan District Hospital (Cash Pharmacy) Bacnotan District Hospital 4. Other Receivables General Fund Proper Metro La Union Water District Suppliers and Contractors Educational Loan Assistance to Employees Retired/Separated Employees 20% Local Development Fund Educational Loan Assistance to Employees R.A. 7171 Cooperative Bank of La Union
46,225.00 217,237.50 P 27,053,741.64
1,000.00 62,322.00 10,000.00 162,691.45
236,013.45
70,000.00
1,670,300.00
Loan Assistance Fund Cooperative Insurance System of the Philippines, Inc. TOTAL
10,310.00 P
1,986,623.45 59,262,600.59
The Loans Receivable - Others pertains to the outstanding balances of the loan granted by the Provincial Gov't. of La Union to the La Union Vibrant Women, Incorporated ( LUVWI ) for their livelihood projects. The salary loan receivable is the outstanding loan balance of borrowers under the PGLU salary loan program. The Due from NGAs pertains to receivables from COMELEC for the Agoo Special Election in 2001. The Due from LGUs account represents the share of the PGLU from the RPT collections of various municipalities of La Union. The Due from NGOs/POs represents the loan assistance granted to the La Union Beekeepers Development Cooperative for the Expansion of the La Union Apiculture Development Program of the Province. The Due from San Jose Multi-Purpose Cooperative represents the balance of the loan extended for the Yellow Corn Subsidy Program funded under R.A. 7171 Fund. The Other Receivable - Cooperative Insurance System of the Phils., Inc. is the commission of PGLU arised from the loan insurance provided by CISP, Inc.
NOTE 7. INVENTORIES This account consists of the following: 1. Materials A. Merchandise Inventory 1. Drugs and Medicines Northern La Union Maternity & Children's Hosp. Bacnotan District Hospital Naguilian District Hospital Caba Medicare & Community Hospital Rosario District Hospital 2. Medical & Laboratory Supplies Northern La Union Maternity & Children's Hosp. Bacnotan District Hospital
687,804.92 2,049,816.70 940,232.50 384,127.88 1,122,868.10
5,184,850.10
126,154.26 412,869.84
Naguilian District Hospital Rosario District Hospital
138,776.57 112,216.09
790,016.76
5,974,866.86
2. Supplies General Fund Proper A. Office Supplies Inventory Office Supplies IT Supplies Electrical Supplies Office Maintenance Supplies Printed Forms Janitorial Supplies Semi-Expendables B. Accountable Forms Inventory Receipts (AF Nos. 51, 52, 53, 54, 56, 57, 58) Community Tax Certificates (Individual and Corp.) Cash Tickets Hospitals C. Drugs and Medicine Inventory Northern La Union Maternity & Children's Hospital Bacnotan District Hospital Caba Medicare & Community Hospital Naguilian District Hospital Rosario District Hospital D. Medical, Dental and Laboratory Supplies Inventory Northern La Union Maternity & Children's Hosp. Bacnotan District Hospital Caba Medicare & Community Hospital Naguilian District Hospital Rosario District Hospital R. A. 7171 E. Other Supplies Inventory TOTAL
620,778.37 342,981.43 3,708.96 38,619.73 75,306.00 208,642.78 35,561.87
1,325,599.14
186,469.54 222,731.60 98,833.96
508,035.10
585,928.47 712,871.96 580,400.99 773,156.62 380,099.17
3,032,457.21
2,800,997.25 816,953.87 736,955.50 1,033,968.23 1,114,668.01
6,503,542.86
1,425,000.00 P
12,794,634.31 18,769,501.17
The Merchandise Inventory account represents the cost of drugs, medicines, medical and laboratory supplies for sale in the 24-Hour Cash Pharmacy of the 5 district hospitals of the Provincial Government of La Union. The Drugs and Medicines Inventory consists of the balances of the drugs and medicines for use in the operation of the five district hospitals. The Medical, Dental and Laboratory Supplies Inventory consists of the balances of the drugs and medicines for use in the operation of the five district hospitals. Other Supplies Inventory under the R. A. 7171 fund consists of 1,500 (250 ml ) bottles of wonderlube oil to be used in the maintenance of the agency's heavy equipment and other motor vehicles.
NOTE 8. PREPAYMENTS R. A. 7171 ARM Construction & Engineering
1,180,479.72
The Prepayment pertains to the 15% mobilization fee advanced by ARM-ASIA Construction and Engineering for the construction of Nagsabaran Bridge, San Juan, La Union.
NOTE 9. OTHER CURRENT ASSETS The Other Current Assets pertains to the Back Pay Certificate of Indebtedness P 10,589.99
NOTE 10. PROPERTY, PLANT & EQUIPMENT This account consists of the following: 1. Land and Land Improvements Land Land Improvements Less : Accumulated Depreciation 2. Buildings Office Buildings School Buildings Hospitals and Health Centers Other Structures Total Less : Accumulated Depreciation 3. Office Equipment, Furniture and Fixtures Office Equipment Furniture and Fixtures IT Equipment and Software Total Less : Accumulated Depreciation 4. Machineries and Equipment Machineries Agricultural, Fishery and Forestry Equipment Communication Equipment Construction and Heavy Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Technical and Scientific Equipment Other Machineries and Equipment Total Less : Accumulated Depreciation 5. Transportation Equipment Motor Vehicles Other Transportation Equipment Total Less : Accumulated Depreciation 6. Other Property, Plant and Equipment Other Property, Plant and Equipment
P 59,826,297.50 P 10,414,704.05 4,461,334.66 5,953,369.39 P 83,292,963.27 27,394,257.28 24,212,918.71 15,002,268.13 149,902,407.39 54,630,037.37 P 7,451,298.88 24,335,296.21 19,866,051.54 51,652,646.63 22,289,271.32 1,851,049.74 3,039,660.00 3,504,035.50 41,167,854.04 47,927,294.00 8,001,079.50 631,997.00 2,773,582.00 11,133,902.27 120,030,454.05 50,691,766.33 P 65,779,666.89
95,272,370.02
29,363,375.31
69,338,687.72
P 48,625,308.68 17,782,006.44 66,407,315.12 31,356,019.85 P 4,885,652.48
35,051,295.27
Less : Accumulated Depreciation 7. Construction in Progress (CIP) Agency Assets Construction in Progress - Agency Assets Public Infrastructures/Reforestation Projects
Construction in Progress - Roads, Highways and Bridges
2,324,371.37
2,561,281.11
P 24,732,998.77 P 11,622,396.21 406,129.80 2,657,000.37 118,513.82 1,062,023.41
Const. in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls CIP-Waterways, Aqueducts, Seawalls, River Walls
Construction in Progress - Other Public Infrastructures
15,866,063.61
TOTAL The Office Building Account consists of the following: Provincial Capitol Building 3- Storey General Services Office Building (Property/NHA) Antonino Hall(Old Library/LBP/POPDEV/Assessor) Mabanag Justice Hall (COMELEC/PESO/Finance) Farmers' Multi-Purpose Building (OPVet), Aguila Road LPP Building Legislative Building Farmers' Multi Purpose Building (OPAG) PGSO Building (DCC), Capitol ORT Building TLDC Building Session Hall (Phase I & II) Provincial Administrative and Commercial Building Motorpool One-Storey Building General Services Office (Admin Bldg & Bodega) Total
40,599,062.38 P 337,965,738.70
26,376,562.34 555,000.00 1,694,146.79 1,953,161.00 1,554,111.50 434,765.17 9,873,558.92 3,714,310.23 563,541.20 162,000.00 27,000.00 9,839,998.37 25,231,107.75 300,000.00 1,013,700.00 83,292,963.27
Additions to the Buildings account represents the improvement of the Provincial Population Office, Mabanag Hall Building and Provincial Administrative and Commercial Building. The Hospital and Health Center Account consists of the following: Northern La Union Maternity And Children's Hospital Bacnotan District Hospital-Main Building Naguilian District Hospital Caba Medicare & Community Hospital Bacnotan District Hospital Building-Dietary Construction of Administrative Building & Quarters Rosario District Hospital (Main Building) NLUMCH Doctors' Quarters Rosario District Hospital (Medicare and Private Bldg) Naguilian District Hospital-Nurses' Quarter Rosario District Hospital (Dietary Building) Rosario District Hospital (Family Planning & Dental) Rosario District Hospital (Laundry) Naguilian District Hospital-Doctors' Quarter Rosario District Hospital (Supply & Garage) Rosario District Hospital (Water Tank/Shed/Electric Generator Bldg) P 5,510,168.18 4,433,662.49 4,054,083.57 3,541,989.09 2,968,448.10 1,754,818.46 847,438.92 643,140.98 91,310.37 73,095.97 72,146.47 63,920.31 60,873.58 45,509.94 37,880.96 14,431.32 24,212,918.71
Increase in the balance of Hospitals and Health Centers account of CMCH pertains to the installation of new electrical service in order to avoid electrical shortages and breakdowns. This amounted to P307,233.05. Also, an emergency major repair of the ceiling of the hospital building due to termite infection was undertaken which amounted to P84,995.00. Both expenditures were considered capitalizable. The Other Structures Account consists of the following: Provincial Jail Complex Construction of Female Cell, Provincial Jail Complex Construction of Perimeter Fence of Provincial Motorpool Provincial Canteen Perimeter Fence of the Female Cell, Provincial Jail Rehabilitation of Agoo Sta. Rita Fish Farm-1 Construction of Perimeter Fence of Naguilian District Hospital Construction of Tilapia Fingerlings Production and Distribution Project at Balaoan Sewer and Water Lines of CMCH Water Supply System of NLUMCH Construction of One Unit Goat Shed at the La Union Breeding Station, Agoo Septic Tank, Naguilian District Hospital PGLU-DPERF Swine Semen Processing and Artificial Insemination Center Septic Tank, Provincial Jail Water Supply System of BDH Guarhouse at Provincial Motorpool Shop Room/Store Room of the PEO-Maintenance and Construction Division Total
5,447,400.00 2,220,349.75 1,587,500.00 753,937.57 708,299.99 689,600.00 644,000.01 497,978.80 402,500.00 401,201.01 334,465.00 311,500.00 236,200.00 236,100.00 234,200.00 155,900.00 141,136.00 15,002,268.13
The additions to the Other Structures account pertains to the construction of septic tank at Provincial Jail Complex. The increase in the balance of the Office Equipment account pertains to the purchase of copier machines, paper shredder and projectors, cash register. The purchase of office tables, chairs, whiteboard and cabinets increased the balance of the Furniture & Fixtures. The increase in the balance of the IT Equipment & Software account pertains to the purchase of desktop computers, laptops, printers and computer accessories for at the different offices of the Provincial Government. The additions to the Communication Equipment account pertains to the purchase of 6 units of FM transceiver, standing wave ratio meter, an amplifier with microphone and fax machines. The purchase of digital camera and a wide zoom lens increased the balance of Technical and Scientific Equipment account. The Provincial Government bought 2 units motorcycle Toyota Hilux for use at the Provincial Agriculture and Provincial Engineering Office. Bacnotan District Hospital received an ambulance costing P 950,000.00 from the Philippine Charity Sweepstakes Office. The Province shouldered P 380,00.00 as its counterpart. Unserviceable/Obsolete/Condemned Property, Plant and Equipment were reclassified to Other Asset Account. The Construction in Progress - Agency Assets pertains to the Construction of the Legislative Building, Provincial Capitol, San Fernando City.
NOTE 11. OTHER ASSETS This account consists of the following: 1. Other Assets General Fund Proper A. Unserviceable/Fully Depreciated/Obsolete/Condemned Assets Office Supplies Inventory Accountable Forms Inventory Office Building Office Equipment Furniture and Fixtures IT Equipment and Software Library Books Machineries Agricultural Equipment Communication Equipment Construction and Heavy Equipment Firefighting Accessories Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Technical & Scientific Equipment Other Machineries and Equipment Motor Vehicles Other Property, Plant and Equipment B. Forfeited Assets Bauang Diesel Power Plant (BPPC Aquired Properties) Total
470,894.45 90,411.00 6,156.00 510,851.55 423,309.50 651,096.92 1,764.52 882.28 5,414.14 741,859.94 312,650.00 288.48 56,921.42 161,849.77 42,185.47 4,917.46 627,689.09 1,674,065.31 31,633.18
5,814,840.48
3,047,327,684.56 3,053,142,525.04
The appraised cost of the Bauang Diesel Power Plant consists of the following: Particulars A. Buildings Tower Guardhouse (3 Units) Elevated One (1) Storey Building Guard House (2 Units) NAPOCOR/MIESCOR/BPPC Maintenance Office One Storey Building Electrical Building - One Storey Power Plant Building No. 1, Two (2) Level Power Plant Building No. 2, Two (2) Level Power Plant Building No. 3, Two (2) Level Administration Building, One Storey Parking Shed, One Storey Firefighting Plant Building
Guesthouse, One Storey Building with Eleven (11) Rooms and Eight (8) Toilets
PRF No. 029-02028 029-02030 029-02035 029-02018 029-02021 029-02022 029-02023 029-02029 029-02031 029-02032 029-02034 029-02036 P
Amount 183,750.00 155,040.00 5,467,550.00 18,000.00 39,420,000.00 39,420,000.00 39,420,000.00 4,140,000.00 260,400.00 633,600.00 3,000,000.00 1,561,600.00
133,679,940.00
Heavy Fuel Oil Treatment House Total B. Machineries Bucayab Pump and Guardhouse Machineries and Equipment Switchyard Equipment Water Treatment Plant Machineries and Equipment
010-00556 029-02019 029-02020
9,053,209.39 159,716,627.62 4,593,497.00
Power Plant Building No. 1 Machinery and Equipment Power Plant Building No. 2 Machinery and Equipment Power Plant Building No. 3 Machinery and Equipment Sludge Treatment Plant Machineries and Equipment Firefighting Plant Machineries and Equipment Heavy Fuel Oil Treatment House Machinery and Equipment Total Grand Total
029-02024 029-02025 029-02026 029-02027 029-02033 029-02037

P P
886,513,685.63 982,276,409.01 886,513,685.63 18,246,231.84 10,785,626.96 5,948,771.48

2,963,647,744.56 3,097,327,684.56
The Province has received P 50 million from 1590 Energy Corporation, prospective buyer, as consideration for the latter's exclusive right to purchase the said BPPC assets as per Interim Agreement, entered into between the Province and the prospective buyer on July 23, 2010. The said amount forms part of the purchase price in the event the sale is consummated. It was also stipulated that all payments made by the prospective buyer, as per Interim Agreement, shall be forfeited in favor of the PGLU, hence, the said 50 million pesos was deducted from the appraised cost. 20% Local Development Fund Office Equipment Furniture and Fixtures IT Equipment and Software Communication Equipment Hospital Equipment Other Machineries and Equipment Other Property, Plant and Equipment R.A. 7171 Agricultural Equipment Rosario District Hospital Office Equipment Furniture and Fixtures Communication Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Other Machineries and Equipment Caba Medicare Community Hospital Office Equipment Furniture and Fixtures IT Equipment and Software Machineries Communication Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Other Machineries and Equipment Naguilian District Hospital Office Equipment Furniture and Fixtures IT Equipment and Software Communication Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Other Machineries and Equipment
156,111.26 111,925.50 171,694.25 31,029.25 11,305.00 158,472.10 1,845.00
642,382.36
32,200.00
7,379.87 2,125.00 4,735.75 315,523.39 11,545.00 26,771.85
368,080.86
13,305.60 4,744.90 31,455.17 5,880.00 1,875.00 58,951.75 111,429.00 33,820.39
261,461.81
94,031.90 82,869.98 81,263.46 1,732.86 1,240,272.36 127,418.71 44,350.00
1,671,939.27
Bacnotan District Hospital Office Equipment Furniture and Fixtures IT Equipment and Software Hospital Equipment Medical, Dental and Laboratory Equipment Other Machineries and Equipment NLUMCH Office Equipment Furniture and Fixtures IT Equipment and Software Communication Equipment Hospital Equipment Medical, Dental and Laboratory Equipment Other Machineries and Equipment TOTAL
7,465.00 5,628.93 16,198.04 89,111.44 29,014.00 44,685.10
192,102.51
21,072.86 9,674.00 8,934.83 4,877.53 1,025.00 181,295.00 9,313.33
236,192.55
P 3,056,546,884.40
The Other Assets Account represents the balances of unserviceable, condemned property, plant and equipment and obsolete inventories.
NOTE 12. CURRENT LIABILITIES This account consists of the following: 1. Payable Accounts A. Accounts Payable Suppliers/Contractors Other Creditors B. Due to Officers & Employees Salaries and Wages Terminal Pay Other Expenditures 2. Inter - Agency Payables A. Due to BIR B. Due to GSIS C. Due to PAG-IBIG D. The Due to PHILHEALTH E. Due to Other NGAs Department of Budget and Management National Printing Office P P P P 2,718,337.60 3,967,095.36 706,545.54 262,537.70
P 29,962,339.29 810,797.56
P 30,773,136.85
225,470.87 1,685,221.06 922,807.87
2,833,499.80
33,606,636.65
21,521.13 511,000.00
532,521.13
F. Due to LGUs 1. Share from Amusement Tax & Tax on Sand, Gravel & Quarry Products Agoo Aringay Bacnotan Balaoan Bagulin Bangar Bauang Burgos San Fernando City Luna Naguilian Pugo Rosario Sto.Tomas Sudipen Tubao 2. BPPC Acquired Properties Bauang Payocpoc Sur, Bauang P 30,660.00 37,605.22 750.00 8,400.00 42.00 262,450.50 198,097.98 26,306.00 700.00 88,598.55 325,857.54 113,570.48 507,535.76 550.00 357,118.86 58,305.00
2,016,547.89
1,034,398,199.30
287,332,833.14
1,321,731,032.44
3. Financial Assistance/Provincial Aid Agoo P Aringay Bacnotan Balaoan Bangar Bauang Burgos Caba San Fernando City Luna Naguilian Pugo Rosario San Gabriel San Juan Santol Sto.Tomas Tubao 3. Intra - Agency Payables
4,000.00 9,000.00 188,000.00 44,000.00 172,000.00 144,000.00 24,000.00 70,000.00 34,500.00 83,000.00 50,000.00 16,000.00 132,000.00 70,000.00 174,000.00 25,000.00 48,000.00 10,000.00
1,297,500.00
1,325,045,080.33
P 1,333,232,117.66
This account consists of the balances of the Due to Other Funds Account. General Fund - Proper Fund Special Education Fund Trust Fund
Amount
P 574,666,437.17
232,392.53
Bacnotan District Hospital 20% Local Development Fund Rosario District Hospital Northern La Union Maternity Childrens' Hospital Caba Medicare and Community Hospital Naguilian District Hospital R.A. 7171 Fund 20% Local Development Fund General Fund Proper Loan Assistance Fund General Fund Proper R.A. 7171 Northern La Union Maternity Hospital General Fund Proper Bacnotan District Hospital BDH- Cash Pharmacy General Fund Proper Naguilian District Hospital General Fund Proper Rosario District Hospital Caba Medicare Community Hospital General Fund Proper Rosario District Hospital General Fund Proper 4. Other Liability Accounts
46,225.00 32,127.40 24,370.00 4,205.00 2,120.00 1,195.00 36.00
P 575,009,108.10
292,252.81
P 20,000,000.00 5,000,000.00
25,000,000.00
460,659.23
142,335.50 271,658.21
413,993.71
201,178.77 61,517.87
262,696.64
109,754.20
233,333.35
P 601,781,798.04
A. Other Payable Account M.M. Lazaro And Associates Health Development Fund Employee Bank/Cooperative Loans Devolved Hospitals Bauang Private Power Plant Sagayad Resettlement Program Financial Assistance For Typhoon Victims Educational Loan Assistance Thunderbird Pilipinas Hotels and Resorts Rehabilitation/Reconstruction/Infrastructure Fund Local Water Utilities Administration-Lingap Fund La Union Water District Cooperative Insurance System of The Philippines Municipal Disaster Fund for Trainers' Training Department of Energy Various 159Th La Union Foundation Anniversary-Executive Committee TOTAL
P774,331,921.14 11,020,853.74 2,231,703.85 1,593,263.40 1,089,576.30 185,254.19 150,000.00 144,400.08 100,000.00 65,859.04 45,800.00 10,000.00 8,630.00 7,037.50 5,147.44 4,302.33 1,000.00
P 790,994,749.01
P 2,759,615,301.36
The Accounts Payable-Suppliers/Contactors represents obligations for completed and on-going Public Infrastructures and agency projects, purchases of equipment, motor vehicles, office supplies, gasoline, drugs and medicines, medical and laboratory supplies, telephone expenses, utilities, repairs of motor vehicles and equipment, subscription expenses, furniture, medals, trophies, meals and purchases of sports equipment to be distributed to requesting barangays. The Accounts Payable - Others represents financial assistances to LGUs, donations given to associations and other peoples' organizations, financial assistance to scholars and medical assistances to indigents. The Due to Officers and Employees - Others represents unclaimed traveling and training expenses, reimbursement for gasoline and other utilities paid. The Due to Other NGAs includes Countryside Development Funds (CDF) from Congressmen of the Province and various Senators. The Due to LGUs Account - Financial/Provincial Aid represents those unclaimed financial assistance of barangays, city and municipalities of La Union. The Due to Other Funds - Special Education Fund pertains to the share of the PGLU from the value of the forfeited Bauang Private Power Plant Corporation (BPPC) machineries and equipment. The said assets were appraised by the Commission on Audit in the total amount of P3,097,327,685.00. The Other Payable Account - M.M. Lazaro and Associates pertains to the professional fee (contingent fees) for the retainership contract for professional legal services in representing the Provincial Government of La Union in the Civil Case No. 58-BG which was filed before RTC Branch 33, Bauang, La Union. The said case pertains to the Tax Assessment made by the Municipal Assessor of Bauang over the machineries and equipment of the Bauang Private Power Plant Corporation (BPPC). The case reached the Supreme Court and the PGLU won as per decision in G.R. No.171470, promulgated on January 30, 2009. The retainership contract was approved by the Office of the Solicitor General and of the Commission on Audit. The total amount of professional fee of the lawyers as per SP Resolution No. 366-2006, dated November 09, 2006 is 25% of the adjudicated amount. No acceptance fees were collected by M.M. Lazaro and Associates. The Other Payable - Devolved Hospitals consists of the balances of the affiliation fees, capitation fund and PHIC Honoraria of the five district hospitals, broken down as follows:
Hospital Fund For MOOE (10%) PHIC Honorarium Hospital Fund For Capital Outlay (10%) Employees Share (75%) General Fund (5%) Hospital Fund For MOOE (90%) PHIC Deposit Employees Share (10%) GSIS Remuneration Total
485,982.60 381,540.00 296,360.93 229,900.50 109,647.80 42,467.32 41,578.00 4,856.25 930.00 1,593,263.40
The Other Payable-Health Development Fund represents the accumulated earnings of the 24-Hour Cash Pharmacy of the district hospitals, broken down as follows: Northern La Union Maternity and Children's Hospital Naguilian District Hospital Bacnotan District Hospital P 3,086,426.04 2,688,527.94 2,467,763.86
Rosario District Hospital Caba Medicare And Community Hospital Total
1,410,846.36 1,367,289.54 P 11,020,853.74
NOTE 13. LONG-TERM LIABILITIES The Loans Payable-Domestic Account pertains to the following: 1. 10 Year Term - Loan with LBP for the construction of the 5-storey administrative and commercial building released under PN Nos. 2001-3270, 2001-3318 and 2001-3413 on August 20, 2001 November 22, 2001 and June 19, 2002 in the amounts of P5,000,000.00, P 10,000,000.00 and P5,000,000.00 respectively at the rate of 7.82% per annum effective November 21, 2002 quarterly repricing and maturity date on August, 2011. The Interest expense of P 267,414.43 was paid for the above loan this CY 2010. 2. Equipment Loan incurred by the Provincial Government on March 12, 1980 under the Prov'l. Development Assistance Project (PDAP) of the Ministry of Local Government and Community Development (presently the DILG). The agency is requesting for the possibility of condonation of the loan from the Department of Interior and Local Government. TOTAL
1,666,963.42
2,717,300.00 4,384,263.42
NOTE 14. DEFERRED CREDITS Loan Assistance Fund This account represents the balance of the Other Deferred Credits pertaining to the unearned Interest Income from the PGLU salary loan granted to employees.
2,491,890.00
NOTE 15. GOVERNMENT EQUITY The amount of Public Infrastructures transferred to the Registry of Public Infrastructures consists of the following: Roads, Highways and Bridges Irrigation, Canals and Laterals Flood Controls Waterways, Aqueducts, Seawalls, River Walls and Others Other Public Infrastructures TOTAL 92,718,337.61 6,691,140.84 3,443,868.02 2,273,001.59 21,388,147.58 P 126,514,495.64 P
REGISTRY OF PUBLIC INFRASTRUCTURES

As of: December 31, 2010 Name of Public Infrastructures 251- Roads, Highways and Bridges Date Reference Description 10-Feb-10 JEV-2010-02-001126 Improvement Of San Gabriel-Santol Road 10-Feb-10 JEV-2010-02-001142 10 Feb 10 JEV 2010 02 001142 Concrete Paving Of Dulatre Road 10-Feb-10 JEV-2010-02-001165 Improvement Of Caarusipan Farm To Market Road 10-Feb-10 JEV-2010-02-001170 Concrete Paving Of Mamat-Ing Norte Farm To Market Road 12-Feb-10 JEV-2010-02-001186 Concrete Paving Of Casilagan Farm To Market Road 13-Feb-10 JEV-2010-02-001189 Improvement Of Tavora Proper Farm To Market Road 14-Feb-10 JEV-2010-02-001193 Improvement Of Cabisilan Farm To Market Road 16-Feb-10 JEV-2010-02-001239 Repair Of Sibuan-Otong Road 17-Feb-10 JEV-2010-02-001514 Concrete Paving Of Baay Road g y 17-Feb-10 JEV-2010-02-001520 Concrete Paving Of Magungunay Farm To Market Road 18-Feb-10 JEV-2010-02-001523 Improvement Of Ayaoan Farm To Market Road 25-Feb-10 JEV-2010-02-002091 Improvement Of Ambaracao Norte Farm To Market Road 1-Mar-10 JEV-2010-03-002575 Improvement Of Bangar-Castro Provincial Road 8-Mar-10 JEV-2010-03-002667 Improvement Of San Miguel Farm To Market Road 8-Mar-10 JEV-2010-03-003255 Rehabilitation Of Aringay-Poblacion Road 10-Mar-10 JEV-2010-03-002579 Construction Of Bolikewkew Road 10-Mar-10 JEV-2010-03-002584 Improvement Of L 10 M 10 JEV 2010 03 002584 I t Lower T Tumapoc F Farm T M k t R d To Market Road 10-Mar-10 JEV-2010-03-002589 Improvement Of Upper Tumapoc Farm To Market Road 10-Mar-10 JEV-2010-03-002593 Concrete Paving Of Macalva-Leones Road 10-Mar-10 JEV-2010-03-002599 Improvement Of Libtong Farm To Market Road 10-Mar-10 JEV-2010-03-002601 Improvement Of Amallapay Farm To Market Road 15-Mar-10 JEV-2010-03-002672 Concrete Paving Of Sengngat Farm To Market Road 15-Mar-10 JEV-2010-03-002674 Widening Of Pantar Sur Farm To Market Road 18 Mar 10 JEV 2010 03 002840 18-Mar-10 JEV-2010-03-002840 Improvement Of Darigayos Farm To Market Road 18-Mar-10 JEV-2010-03-002859 Improvement Of Lettac Sur Road 18-Mar-10 JEV-2010-03-002871 Improvement Of Lomboy Farm To Market Road 18-Mar-10 JEV-2010-03-002890 Concrete Paving Of Almeida Farm To Market Road 24-Mar-10 JEV-2010-03-003406 Concrete Paving Of Cardiz Barangay Road 24-Mar-10 JEV-2010-03-003425 Improvement Of Pathway In Cambaly 12-Apr-10 JEV-2010-04-003982 Improvement Of Ubbog-Paagan Road 19-Apr-10 JEV-2010-04-004267 Rehabilitation Of Upper San Agustin Farm To Market Road (Sitio Bolilising) 23-Apr-10 JEV-2010-04-004634 Improvement Of Libtong Farm To Market Road 23-Apr-10 JEV-2010-04-004639 Asphalt Overlay Of Naguilian-Bagulin Road (Gusing Sur,Gusing Norte & Tuddingan Section) 23-Apr-10 JEV-2010-04-004647 Rehabilitation Of Caoigue Farm To Market Road 30-Apr-10 JEV-2010-04-005223 Rehabilitation Of Leones West Farm To Market Road 30-Apr-10 JEV-2010-04-005260 Improvement Of Rosario-Tubao Road (Pideg Section) 5-May-10 JEV-2010-05-005374 Improvement Of Bilis Farm To Market Road 5-May-10 JEV-2010-05-005498 Rehabilitation Of Poblacion-Kalipkip Road 5-May-10 JEV-2010-05-005503 Construction Of Casilagan Road Stone Masonry Wall 5-May-10 JEV-2010-05-005525 Improvement Of Bagbag Provincial Road 28-May-10 JEV-2010-05-006065 Improvement Of Poblacion Farm To Market Road 9-Jun-10 JEV-2010-06-006669 Improvement Of Bangar-Castro Provincial Road (Sudipen Section) 9-Jun-10 JEV-2010-06-006679 Improvement Of Arosip Farm To Market Road 9-Jun-10 JEV-2010-06-006685 Improvement Of San Fernando-Bagulin Road (Parparya & Dagup Section) 21-Jun-10 JEV-2010-06-007018 Rehabilitation Of Cadumanian-Inabaan Provincial Road (Inabaan Sur & Norte Section) General Fund
Location San Gabriel Pugo San Juan Naguilian Sto.Tomas Pugo Bauang San Fernando g Baguilin Naguilian Luna Naguilian Bangar Agoo Aringay Burgos Burgos B Burgos Agoo Burgos Tubao Sudipen Baloan Luna Santol Sto.Tomas Balaoan Bagulin Bagulin Bacnotan Bauang Burgos Naguilian Tubao Tubao Tubao Burgos Aringay Bauang Bauang Caba Sudipen Bacnotan Baguilin Rosario
Cost 687,132.22 590,569.88 590 569 88 196,300.00 294,700.95 196,543.69 196,490.01 197,351.89 1,177,350.43 294,899.97 491,702.35 196,500.00 196,555.38 787,500.00 688,776.56 2,959,399.18 294,699.83 196,399.33 196 399 33 196,400.01 787,209.18 196,400.02 196,416.61 196,500.00 295,000.00 541,000.00 787,200.00 196,371.70 688,900.00 196,498.84 196,501.44 787,000.00 294,900.44 294,600.00 4,947,966.77 491,796.61 491,788.72 491,607.64 196,399.34 983,504.67 589,400.20 589 400 20 193,482.38 196,649.07 984,500.00 984,000.00 854,900.95 1,968,432.59

As of: December 31, 2010 Name of Public Infrastructures 251- Roads, Highways and Bridges 21-Jun-10 JEV-2010-06-007026 Improvement Of Poblacion Road 5-Jul-10 JEV-2010-07-007812 Concrete Paving Of Alibangsay Road 7-Jul-10 JEV-2010-07-007883 Caba-Naguilian 7 Jul 10 JEV 2010 07 007883 Rehabilitation Of Caba Naguilian Road (San Jose Section) 23-Jul-10 JEV-2010-07-008526 Repair Of Canaoay-San Vicente Road 13-Aug-10 JEV-2010-08-009489 Concrete Paving Of Consuegra-Gen. Terrero Feeder Road 25-Aug-10 JEV-2010-08-010613 Repair Of Maluyo Bridge #1 25-Aug-10 JEV-2010-08-010634 Widening Of Pagbennecan-Tallaoen Provincial Road (Luna Section) 17-Sep-10 JEV-2010-09-011059 Rehabilitation Of Naguilian-Bagulin Road 20-Sep-10 JEV-2010-09-011168 Rehabilitation Of Bagbag-Sta. Monica Road (Sta. Monica Section) p 20-Sep-10 JEV-2010-09-011173 Rehabilitation Of Taberna-Baccuit Road 20-Sep-10 JEV-2010-09-011185 Improvement Of Calumbaya-Boy-Utan-Cabalayangan Road 20-Sep-10 JEV-2010-09-011206 Improvement Of Dallangayan Oeste Farm To Market Road 21-Sep-10 JEV-2010-09-011311 Construction Of Sibuan-Otong Bridge (Phase I) 21-Sep-10 JEV-2010-09-011347 Improvement Of Sudipen-Alilem Provincial Road 21-Sep-10 JEV-2010-09-011356 Repair Of Pao Sur Bridge Approaches 22-Sep-10 JEV-2010-09-011479 Improvement Of Caba-Naguilian Road 22-Sep-10 JEV-2010-09-011491 Rehabilitation Of Samara Beach Road 22-Sep-10 JEV-2010-09-011523 Improvement Of B 22 S 10 JEV 2010 09 011523 I t Bangar-Castro P i i l R d (B C t Provincial Road (Bangar S ti ) Section) 27-Sep-10 JEV-2010-09-011610 Improvement Of Upper San Agustin Going To Sibuan-Otong 6-Oct-10 JEV-2010-10-012216 Concrete Paving Of Daramuangan Farm To Market Road 6-Oct-10 JEV-2010-10-012221 Improvement Of Bancagan Farm To Market Road 6-Oct-10 JEV-2010-10-012254 Restoration Of Siboan-Otong-Upper San Agustin Farm To Market Road 13-Oct-15 JEV-2010-10-012457 Improvement Of Daramuangan Bridge Approaches 15-Oct-10 JEV-2010-10-012464 Improvement Of Alcala Farm To Market Road 15 Oct 10 JEV 2010 10 012499 15-Oct-10 JEV-2010-10-012499 Concrete Paving Of Cambaly Farm To Market Road (Sitio Pila) 15-Oct-10 JEV-2010-10-012513 Concrete Paving Of Sengngat Farm To Market Road 15-Oct-10 JEV-2010-10-012516 Concreting Of Dallipaoen Road 18-Oct-10 JEV-2010-10-012591 Improvement Of Magsiping Farm To Market Road 18-Oct-10 JEV-2010-10-012609 Rehabilitation Of Sto. Tomas-Agoo-Tubao Road (Ambitacay Section) 18-Oct-10 JEV-2010-10-012615 Improvement Of Canaoay Farm To Market Road 18-Oct-10 JEV-2010-10-012618 Improvement Of San Vicente Barangay Road 18-Oct-10 JEV-2010-10-012623 Improvement Of Franco Rimando Street 22-Oct-10 JEV-2010-10-012870 Improvement Of Ambaracao Norte Farm To Market Road 22-Oct-10 JEV-2010-10-012906 Rehabilitation Of Aringay-Tubao Road 26-Oct-10 JEV-2010-10-012822 Improvement Of Garcia Leading To Purok Maligaya 26-Oct-10 JEV-2010-10-012830 Repair Of Pantar-San Francisco Provincial Road (Balaoan Section) 26-Oct-10 JEV-2010-10-012838 Improvement Of Oaqui #4 Farm To Market Road 26-Oct-10 JEV-2010-10-012851 Improvement Of Guilong-Bilogan Farm To Market Road 26-Oct-10 JEV-2010-10-012854 Repair Of Lower Bimmotobot Road 26-Oct-10 JEV-2010-10-012863 Rehabilitation Of Tubod Farm To Market Road 26-Oct-10 JEV-2010-10-012865 Improvement Of Sta. Lucia Farm To Market Road 29-Oct-10 JEV-2010-10-013135 Improvement Of Cabarsican Farm To Market Road 5-Nov-10 JEV-2010-11-013580 Rehabilitation Of Namboongan Farm To Market Road 5-Nov-10 JEV-2010-11-013587 Rehabilitation Of Sto. Tomas-Agoo-Tubao Road (Agoo Section) 10-Nov-10 JEV-2010-11-013877 Improvement Of Baratao Road, Acao 11-Nov-10 JEV-2010-11-013884 Improvement Of Lettac Norte Farm To Market Road General Fund
Santol Baguilin Caba San Fernando Bangar Santol Luna Naguilian Bauang g Bauang Bauang San Fernando San Fernando Sudipen San Fernando Caba Aringay Bangar B Bauang Naguilian Naguilian San Fernando Naguilian Luna Baguilin Sudipen Naguilian Luna Sto.Tomas San Fernando San Fernando Naguilian Naguilian Aringay Naguilian Balaoan Luna Santol Naguilian Sto.Tomas Sto Tomas Aringay San Fernando Sto.Tomas Agoo Bauang Santol
196,416.61 294,899.97 983,500.03 983 500 03 2,336,000.00 836,500.00 2,461,268.32 688,500.00 4,947,966.77 2,350,378.78 1,921,417.53 1,968,199.10 2,002,000.00 1,181,688.22 1,181,050.50 515,029.64 2,953,012.64 1,897,276.07 984,050.50 984 050 50 799,809.69 491,900.72 491,900.25 1,771,016.32 491,900.50 295,000.00 196,584.99 492,000.00 984,099.89 492,000.00 1,969,018.28 984,112.58 983,882.23 295,002.66 295,001.66 492,041.45 295,013.19 984,000.00 492,000.00 492,150.00 1,476,003.33 492,091.88 492 091 88 295,003.38 295,000.40 492,089.07 1,968,136.31 295,001.35 984,050.50

As of: December 31, 2010 Name of Public Infrastructures 251- Roads, Highways and Bridges 18-Nov-10 JEV-2010-11-013918 Repair Of Menzi Bridge Approaches 18-Nov-10 JEV-2010-11-013920 Rehabilitation Of San Roque West-Balaoc-Baybay Road 22-Nov-10 JEV-2010-11-014062 22 Nov 10 JEV 2010 11 014062 Rehabilitation Of Talogtog Farm To Market Road 30-Nov-10 JEV-2010-11-014648 Rehabilitation Of Lomboy Farm To Market Road 30-Nov-10 JEV-2010-11-014653 Rehabilitation Of Pongpong-Bail Farm To Market Road 30-Nov-10 JEV-2010-11-014657 Improvement Of Casilagan Farm To Market Road 3-Dec-10 JEV-2010-12-015202 Construction Of Ipet Rcdg Bridge 3-Dec-10 JEV-2010-12-015207 Improvement Of Taboc Farm To Market Road 3-Dec-10 JEV-2010-12-015219 Improvement Of Lacong Farm To Market Road 7-Dec-10 JEV-2010-12-015186 Rehabilitation Of Rosario-Tubao Provincial Road (Bacani-2Nd Lane & Carunoan West Sections) 10-Dec-10 JEV-2010-12-015330 Rehabilitation Of Balsaan Farm To Market Road 10-Dec-10 JEV-2010-12-015342 Improvement Of Kimmarayan Road 10-Dec-10 JEV-2010-12-015361 Rehabilitation Of San Isidro-San Manuel Farm To Market Road 10-Dec-10 JEV-2010-12-015364 Emergency Repair Of Vila Bailey Bridge 21-Dec-10 JEV-2010-12-015579 Rehabilitation Of Nazareno Farm To Market Road 21-Dec-10 JEV-2010-12-015624 Concrete Paving Of Lebbeng-Ansaquit Farm To Market Road 22-Dec-10 JEV-2010-12-016176 Rehabilitation Of Carunoan East Farm To Market Road 23-Dec-10 JEV-2010-12-015766 Improvement Of Sta. Rit East Road 23 D 10 JEV 2010 12 015766 I t St Rita E t R d Concrete Paving Of Busel-Busel-Barangobong Farm To Market Road (Busel-Busel Section) 23-Dec-10 JEV-2010-12-015769 23-Dec-10 JEV-2010-12-016217 Improvement Of Upper Tumapoc Road 23-Dec-10 JEV-2010-12-016229 Improvement Of Santol-San Gabriel Road 23-Dec-10 JEV-2010-12-016233 Improvement Of Pantar-San Francisco Road 23-Dec-10 JEV-2010-12-016245 Repair Of Pao Sur Farm To Market Road Total Name of Public Infrastructures 255- Irrigation, Canals and Laterals Date Reference Description 10-Feb-10 JEV-2010-02-001145 Casantaan Line Canal 10-Feb-10 JEV-2010-02-001177 Improvement Of Napaset Irrigation Facility 1-Mar-10 JEV-2010-03-002571 Riprapping Of Bet-Ang Irrigation Canal 1-Mar-10 JEV-2010-03-002573 Riprapping Of Pagleddegan Canal 23-Apr-10 JEV-2010-04-004543 Improvement Of Bumbuneg Communal Irrigation System 26-Oct-10 JEV-2010-10-012860 Construction Of Namonitan Creek Slope Protection 3-Dec-10 JEV-2010-12-015214 Improvement Of Barangay Camilo Osias Drainage 3-Dec-10 JEV-2010-12-015275 Improvement Of Bumbuneg Communal Irrigation System 21-Dec-10 JEV-2010-12-015571 Construction Of Casantaan Drainage Canal (Phase II) 23-Dec-10 JEV-2010-12-015642 Construction Of Lower Bimmotobot Road Slope Protection
Total
General Fund
Naguilian Sto.Tomas Sto.Tomas Sto Tomas Sto.Tomas Sto.Tomas Sto.Tomas Sudipen San Juan San Gabriel Rosario Sto.Tomas Bangar Agoo Rosario Agoo San Gabriel Rosario Aringay Ai Luna Burgos Santol Sudipen San Fernando P
491,900.05 984,023.97 492,121.07 492 121 07 492,121.07 492,121.18 294,873.81 492,000.00 983,831.46 147,393.60 984,202.79 492,121.13 492,000.00 492,120.87 998,490.15 984,478.72 196,522.45 491,900.34 196,000.00 196 000 00 1,476,500.00 491,899.89 492,300.00 491,700.00 914,550.90 92,718,337.61
Location Sto. Tomas Luna Balaoan Balaoan San Gabriel Sto. Tomas Balaoan San Gabriel Sto. Tomas Naguilian
Cost 196,576.60 492,000.00 295,000.00 295,000.00 196,700.00 492,049.11 984,050.50 294,863.92 491,900.49 2,953,000.22 6,691,140.84
Name of Public Infrastructures 256- Flood Controls Date Reference 28-Sep-10 JEV-2010-09-011673 6-Oct-10 JEV-2010-10-012232
Total
Description Construction Of Garcia Spur Dike Construction Of Suyo Flood Control
Location Tubao Bagulin
P P
Cost 1,476,365.18 1,967,502.84 3,443,868.02
SPECIAL EDUCATION FUND
Balance Sheet
As of December 31, 2010 Detailed Special Education Fund
ASSETS Current Assets Cash Cash on Hand Cash - Disbursing Officers Payroll Fund Cash in Banks - Local Currency Cash in Bank - Local Currency , Current Account Cash in Bank - Local Currency, Time Deposits Receivables Inter - Agency Receivables Due from LGUs Intra - Agency Receivables Due from Other Funds Other Receivables Receivables - Disallowances/Charges TOTAL ASSETS LIABILITIES Current Liabilities Payable Accounts Accounts Payable Due to Officers and Employees Inter - Agency Payables Due to BIR TOTAL LIABILITIES EQUITY Government Equity Government Equity Date/Time Printed : January 10, 2011 09:26:57 AM ________________ 603,310,281.05 Page 1 of 2 ________________ ________________ 105.00 1,202,497.30 1,202,497.30 1,200,906.30 ________________ 1,486.00 1,202,392.30 ________________ ________________ ___________________ 1,986.82 575,703,020.86 604,512,778.35 604,512,778.35 ________________ ________________ 574,666,437.17 1,034,596.87 4,059,955.71 ________________ ________________ 24,395,338.66 28,455,294.37 28,809,757.49 210,000.00 ________________ 144,463.12 354,463.12
Balance Sheet
As of December 31, 2010 Detailed Special Education Fund
TOTAL EQUITY TOTAL LIABILITIES AND EQUITY ________________ 603,310,281.05 604,512,778.35 ________________ ________________

For the period ending December 31, 2010 Detailed Special Education Fund
Income General Income Accounts Other Income Interest Income Tax Revenue Local Taxes Special Education Tax Gross Income Less: Expenses Personal Services Salaries and Wages Salaries and Wages - Contractual Other Compensation Honoraria Cash Gift Year End Bonus Personnel Benefits Contributions Life and Retirement Insurance Contributions PAG-IBIG Contributions PHILHEALTH Contributions ECC Contributions Other Personnel Benefits Other Personnel Benefits Maintenance and Other Operating Expenses Supplies and Material Expenses Office Supplies Expenses Drugs and Medicines Expenses 1,020,020.00 63,893.00 2,130,000.00 ________________ 11,768,143.17 208,374.54 28,892.72 21,725.00 17,376.36 ________________ 276,368.62 6,820,000.00 110,000.00 132,000.00 ________________ 7,062,000.00 2,299,774.55 ________________ 41,027,349.03 41,552,539.95 ________________ 525,190.92
Date/Time Printed :
January 10, 2011 09:28:42 AM
Page 1 of 2

For the period ending December 31, 2010 Detailed Special Education Fund
Textbooks and Instructional Materials Expenses Subsidies and Donations Donations Other Maintenance and Other Operating Expenses Other Maintenance and Other Operating Expenses Total Operating Expenses Net Income (Loss) ________________ 5,771,870.00 ________________ 22,226,680.59 ________________ 33,994,823.76 7,557,716.19 ________________ ________________ 1,275,706.15 ________________ 14,095,191.44 15,179,104.44
Date/Time Printed :
January 10, 2011 09:28:42 AM
Page 2 of 2

Special Education Fund

Cash Inflows : Other Manual Transactions Collection of Inter-Agency Receivables Collection of Intra-Agency Receivables Collection of Other Income Collection of Overpayment of Salaries, Wages, Benefits and Other Compensation Collection of Prior Years Income Collection of Special Education Tax Other Adjustments Total Cash Inflows : 2.00 1,675,317.73 6,000,000.00 525,190.92 49,771.83 19,142.86 39,992,750.16 0.20 ________________ 48,262,175.70
Cash OutFlows : Grant of Subsidies and Donations Payment for Other Maintenance and Other Operating Expenses Payment of Accounts Payable for Personal Services, Supplies, Materials and Other MOOE Payment of Other Liability Accounts Payment of Salaries and Wages and Other Compensation Purchase of Inventories, Supplies and Materials Directly Issued to End-User Remittance of Withholding Taxes to BIR Remittance to GSIS for Mandatory and Authorized Deductions Remittance to PAG-IBIG for Mandatory and Authorized Deductions Remittance to PHILHEALTH for Mandatory and Authorized Deductions Total Cash Outflows : (143,545.01) (5,569,199.44) (598,362.14) (104,320.00) (11,047,871.51) (14,398,851.15) (948,603.14) (499,004.06) (86,012.94) (43,550.00) ________________ ________________ (33,439,319.39)
Cash Provided by Operating Activities
14,822,856.31
Cash Provided by Investing Activities
0.00
________________ 0.00
14,822,856.31
Date/Time Printed :
January 10, 2011 09:32:34 AM
Page 1 of 2

Add : Cash Balance Beginning Jan 1 2010
13,986,901.18 ________________
28,809,757.49 ________________ ________________
Date/Time Printed :
January 10, 2011 09:32:34 AM
Page 2 of 2
Statement of Government Equity


Government Equity, beginning balance Add: Retained Operating Surplus Current Operations Adjustment of Prior Years Total Add/Deduct: Other Adjustments Government Equity, End 580,665,666.27 ________________ ________________ 603,310,281.05 ________________ 7,557,716.19 565,967.44 ________________ 8,123,683.63 ________________ 22,644,614.78 14,520,931.15
Date/Time Printed :
January 10, 2011 09:35:09 AM
Page 1 of 1
NOTES TO FINANCIAL STATEMENTS NOTE 1. GENERAL/PROFILE The 2010 annual budget of the Special Education Fund supported the needs for the operation and assistance to schools within the Province. The La Union Provincial School Board has resolved priority projects and programs which aimed to uplift and upgrade the present standards of the educational system to be able to be in equal standing or if possible in higher standing to their counterparts with the present and future, thus improving the quality of education of our children. All programs and projects made are in accordance with the educational priorities and trust of La Union. Among these are the following projects: 1. Support to the Ilocos Region Athletics Association (IRAA) 2010 Athletes of La Union: Meals and Snacks during the training period of IRAA Participants Meals, snacks and transportation during the training period of IRAA Participants Sports apparel of IRAA Participants Drugs and medicines for IRAA Participants Total P 595,000.00 1,394,600.00 662,110.00 63,893.00 2,715,603.00
2. Hired the following: 24 PSB Teachers @ P6, 000.00 per month 147 PSB Teachers @ P4, 000.00 per month Of the 24 PSB Teachers, 3 of them had already been hired by the Department of Education in La Union for permanent teaching positions. Only the 22 remaining PSB Teachers were given the 13th month pay or the so called Year End Bonus and the Cash Gift of P 5,000.00 each. 3. Personnel Enhancement Incentive for CY 2010 worth P10,000.00 each 168 PSB Teachers 29 ITax Employees 29 ITax Employees 4. Purchase of Office Supplies as follows: Philippine Flags for distribution to the different public Schools in La Union P IC Recorder, Memory Card, and USB Flash Card for the Provincial Local School P Board Meetings 999,270.00 20,750.00 1,020,020.00
5. Purchase of Textbooks and Instructional Materials for distribution to the different barangays and public schools in La Union as follows: Evansville Enterprises Reachability Corp. Giosetech General Merchandise 4 G & R General Merchandise PBR Medical Supplies and Mdse. P 1,145,250.00 1,145,250.00 500,000.00 1,000,000.00 3,124,450.00
6,914,950.00
Textbooks: Reachability Corp. Innovative Educational Materials Future Builder Publications, Inc. Vicarish Publication and Trading Chart of Skeletal System Giosetch General Merchandise Flash Cards PBR Medical Supplies and Merchandise Periodic Table PBR Medical Supplies and Merchandise Total
1,543,100.00 1,997,905.00 1,553,217.44 821,019.00
5,915,241.44
265,000.00 500,000.00 500,000.00 14,095,191.44
6. Donations to different Public Schools in La Union: Improvement of San Gabriel Central School, Poblacion, San Gabriel, La Union 1 set of Computer with Printer for Butubut Elementary School, Balaoan, La Union Improvement of Santol Elementary School Muti-Purpose Pavement, Santol, La Union Painting of Daramuangan Elementary School Building, Naguilian, La Union Construction of Ar-arampang Elementary School Comfort Rooms, Balaoan, La Union Painting of the School Building of Duplas National High School, Sudipen, La Union Repair of the Home Economics Building of Duplas, Elementary School, Sudipen, La Union Construction of Temporary Classroom at Papayo Elementary School, Bagulin, La Union Concrete Paving of the School Grounds of Delles Elementary School, Burgos, La Union
Construction of Welcome Arcs and Perimeter Fence of Delles Elementary School, Burgos, La, Union
Construction of Comfort Rooms at Tagudtud National High School, Bagulin, La Union

Repair of 1-Classroom School Building of Tagudtud National High School, Bagulin, La Union
Repair of Anduyan National High School, Tubao, La Union Construction of perimeter Fence at Lloren Elementary School, Tubao, La Union Repair of Saytan Elementary School, Pugo, La Union Repair of Balaoan Central School Roofing and Ceiling, Balaoan, La Union Concrete paving of School Pathway of Butubut Elementary School, Balaoan, La Union Repair of Roofing and Ceiling of Guinaburan Elementary School, Balaoan, La Union Construction of Butubut Elementary Schools Comfort Rooms, Balaoan, La Union Construction of Covered Court of Santol Vocational School, Santol, La Union Improvement of Library Facilities of Wenceslao National School, Caba, La Union Improvement of Computer Room of the Vocational High School, Sudipen, La Union Construction of School Toilet at Bayabas Elementary School, San Gabriel, La Union Total 7. Other Maintenance and Other Operating Expenses: Meals and Snacks Awarding ceremonies of Ten Outstanding Public Teachers of P La Union Provincial Local School Board Meeting Souvenir Items Hygiene Kits First Aid Kits Plaques for 10 Outstanding Public School Teachers
49,800.00 28,000.00 14,999.50 59,500.35 74,500.00 72,000.00 89,500.00 77,800.00 49,500.00 49,500.00 29,500.00 30,400.00 59,700.65 96,605.25 73,300.25 99,500.00 49,500.00 54,400.00 23,200.00 54,500.00 31,000.15 59,500.00 49,500.00 1,275,706.15
25,000.00 4,080.00 1,125,000.00 1,000,000.00 25,000.00 P 29,080.00
2,150,000.00
Painting Materials for Catbangen Central School, City of San Fernando, La Union Honoraria during Provincial School Board Meetings: Engr. Ruperto Rillera, PTCA Fed. Pres. Aurora Navarro, LUPTA President Stipend of P100.00 per month per student to the following schools for January to December, 2010: Bacnotan National High School Special Science Class Don Eulogio de Guzman Memorial National H Luna National High School Naguilian National High School Bangar Regional Science High School Total NOTE 2. BASIS OF FINANCIAL STATEMENTS PRESENTATION
15,980.00
9,000.00 7,500.00
16,500.00
170,600.00 154,900.00 74,100.00 268,900.00 240,100.00 P
908,600.00 3,120,160.00
The Financial Statements are prepared in accordance with the generally accepted state accounting principles and standards using the Electronic New Government Accounting System (e-NGAS). The e-NGAS is an accounting software developed by the Commission of Audit to ensure correctness, reliability, completeness and timeliness in recording government financial transactions and to generate financial reports in accordance with the policies and procedures of the New Government Accounting System. NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The agency utilized the accrual basis of accounting. All expenses are recognized when incurred and reported in the books of accounts in the period to which they relate. Income is also on accrual basis except for transactions where accrual basis is impractical or when other methods are required by law. Procurement of supplies, materials and equipment are done in accordance with the Government Procurement Reform Act or R.A. 9184. Special Education Tax Collections are accounted using the accrual method of accounting. Payable accounts are recognized and recorded in the books only upon acceptance of the goods/other assets and rendition of the services to the agency as mandated under the New Government Accounting System.
Financial Expenses such as Bank Charges are separately classified from Maintenance and Other Operating Expenses. Fundamental errors of prior years are corrected using the Prior Years Adjustments. Errors affecting the current years operation are charged to the current years accounts. The Philippine Peso is the denomination used in our financial transactions.
NOTE 4. CASH This account consists of the following: 1. Cash on hand A. Cash Disbursing Officer - Rizalina de Vera-Padan B. Payroll Fund Romulo P. Guerrero Rizalina de Vera-Padan 2. Cash in Bank Local Currency A. Cash in Bank Local Currency, Current Accounts LBP-La Union Account #0202-0236-06 DBP-La Union Account #0-05108-570- 8/0570-004699-030 Cash in Bank Local Currency, Time Deposits PNB-La Union Account # 1547621406000050
Philippine Postal Savings Bank La Union Account #0022-002948-148 Philippine Postal Savings Bank La Union Account #0022-002948-149
P 910.00 143,553.12
210,000.00
144,463.12
354,463.12
3,683,325.59 376,630.12
4,059,955.71
B.
5,132,691.69 10,152,623.49 9,110,023.48 P
Totals
24,395,338.66 28,809,757.49
NOTE 5. RECEIVABLES This account consists of the following: 1. Inter Agency Receivables Due from Local Government Units Agoo Aringay Balaoan Bangar Bauang Burgos Caba Luna Naguilian Pugo Rosario San Gabriel Sudipen Tubao 2. Intra Agency Receivables Due from Other Funds 3. Other Receivables Receivables Disallowances/Charges TOTAL P 354,412.36 42,777.22 10,561.04 7,204.76 290,025.02 4,511.03 13,993.82 37,654.24 48,580.21 29,694.65 168,861.80 6,566.48 8,717.89 11,036.35 P
1,034,596.87
574,666,437.17
1,986.82 575,703,020.86
The Due from Local Government Units Account represents the share of the Province from the Special Educational Tax Collections of different Municipalities in La Union.
The Due from Other Funds represents the receivable from the General Fund Proper for the Special Education Fund's Share from the sale of forfeited Bauang Private Power Plant Corporation (BPPC) Assets. NOTE 6. CURRENT LIABILITIES This account consists of the following: A. Accounts Payable Meals and Snacks Plaques Construction of School Comfort Rooms Painting of School Buildings Repair of H.E. and School Buildings IC Recorder, Memory Card, USB Flash Construction of Classrooms Concrete Paving of School Grounds Construction of Welcome Arcs and Perimeter Fence of School Repair of School Roofing and Ceiling Construction of School Covered Court Improvement of Library Facilities Improvement of Vocational Computer Room B. Due to Officers and Employees Tax Refund to PSB Teachers 2. Inter Agency Payables Due to BIR 5% VAT 2% on Services TOTAL P 27,400.00 25,000.00 181,600.00 72,000.00 257,250.90 20,750.00 127,300.00 49,500.00 146,105.25 149,000.00 54,500.00 31,000.15 59,500.00 P
1,200,906.30 1,486.00
75.00 30.00 P
105.00 1,202,497.30
TRUST FUND
Balance Sheet
As of December 31, 2010 Detailed Trust Fund
ASSETS Current Assets Cash Cash on Hand Cash - Disbursing Officers Cash in Banks - Local Currency Cash in Bank - Local Currency , Current Account Cash in Bank - Local Currency, Time Deposits Receivables Receivable Accounts Loans Receivable - Others Inter - Agency Receivables Due from LGUs Due from NGOs/POs Intra - Agency Receivables Due from Other Funds Other Receivables Receivables - Disallowances/Charges Other Receivables Investment Investment in Securities Other Investments and Marketable Securities Other Assets Work/Other Animals TOTAL ASSETS LIABILITIES Current Liabilities Inter - Agency Payables Page 1 of 2 Date/Time Printed : January 10, 2011 09:27:22 AM ___________________ 212,800.00 25,846,350.46 ________________ ________________ 290,073.40 40,635.36 ________________ ________________ ________________ 269,876.69 310,512.05 7,434,827.78 25,343,477.06 362,866.78 6,441,697.95 ________________ 270,501.00 6,712,198.95 49,250.00 5,621,620.44 ________________ ________________ 12,285,470.77 17,907,091.21 17,908,649.28 1,558.07
Balance Sheet
As of December 31, 2010 Detailed Trust Fund
Due to BIR Due to Other NGAs Due to LGUs Intra - Agency Payables Due to Other Funds Other Liability Accounts Guaranty Deposits Payable Performance/Bidders/Bail Bonds Payable Other Payables TOTAL LIABILITIES EQUITY Government Equity Government Equity TOTAL EQUITY TOTAL LIABILITIES AND EQUITY ________________ 210,756.63 ________________ 210,756.63 25,846,350.46 ________________ ________________ 1,500,000.00 4,281,266.19 ________________ ________________ ________________ 10,635,498.26 16,416,764.45 25,635,593.83 25,635,593.83 180,471.08 28,227.39 6,024,840.97 ________________ 2,985,289.94 9,038,358.30

Trust Fund
Cash Inflows : Collection of Inter-Agency Receivables Collection of Other Income Collection of Perfomance/Bidders/Bail Bonds Collection of Receivables - Special Receipt of Funds for Implementation of Projects Receipt of Refund of Cash Advance for Travel and Special Purpose Receipt of Retention Fees from Contractors Total Cash Inflows : 20,000.00 557,513.36 3,712,389.00 36,908,822.26 20,684,435.00 10,363.00 21,000,000.00 ________________ 82,893,522.62
Cash OutFlows : Other Manual Transactions Adjustment for Overstatement of Recorded Collections Grant of Cash Advance for Travel and Special Purpose Payment for Communication Expenses Payment of Accounts Payable for Personal Services, Supplies, Materials and Other MOOE Payment of Inter-Agency Payable Payment of Intra-Agency Payable Payment of Other Liability Accounts Refund of Performance/Bidders Bond to Contractor/Suppliers Remittance of Withholding Taxes to BIR Total Cash Outflows : (17,000.00) (3,506.47) (144,518.00) (991.16) (6,388,392.85) (19,138,123.78) (20,857,053.08) (30,812,047.43) (1,747,487.60) (3,254,105.92) ________________ ________________ (82,363,226.29)
Cash Provided by Operating Activities
530,296.33
Cash Provided by Investing Activities
0.00
________________ 0.00
530,296.33
Date/Time Printed :
January 10, 2011 09:33:19 AM
Page 1 of 2

Trust Fund
Add : Cash Balance Beginning Jan 1 2010 17,378,352.95 ________________
17,908,649.28 ________________ ________________
Date/Time Printed :
January 10, 2011 09:33:19 AM
Page 2 of 2
NOTES TO FINANCIAL STATEMENTS NOTE 1. GENERAL/PROFILE The Trust Fund Accounts of the Provincial Government are as follows: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. Trust Fund Proper Early Childhood Care Development Program (ECCD) Fund Isang Bayan, Isang Produkto, Isang Milyong Piso Programa Inter-Local Government Health Zone Account (ILGHZ) Local Government Units Performance Program (LPP) Fund Ginintuang Masaganang Ani (GMA) Program Fund Special Local roads Fund (SLRF) Apiculture Program Fund "Sanitasyon Para Kadatayo Amin" Project Fund DBM-KILOS Asenso Support Fund Tobacco Excise Taxes Fund - Congressional Share Priority Development Assistance Fund (PDAF) Drug Rehabilitation Center Fund Reproductive Health Family Planning Program Department of Health, Region I Department of Health, Region I (Construction of Regional Blood Center)
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Trust Fund Proper accounts for the collections from the following receipts: 1. 2. 3. 4. 5. 6. 7. 8. Accreditation fee and bid documents from supplier and contractors of the Province Sale of hybrid rice, banana sucker, assorted seedlings and bamboo seedlings. Kabuhayan 2000 Restoration Guarantee Fee Sale of Farm animals such as goats, pigs and cattle Sales from trichoderma laboratory Sale of Tilapia fingerlings Sale of boar semen
The early Childhood Care and Development (ECCD) Fund was given by PAGCOR thru the Council for the Welfare of Children (CWC) in the initial amount of P 7,068,812.10 which represents 70% of the total fund and the remaining 30% is the provincial counter part. Said fund is being utilized for programs and projects of the local government, catering to the needs and welfare of children 0-7 years old. The project was established by virtue of R.A. 8980 known as "Early Childhood Care and Development Act". The Isang Bayan, Isang Produkto, Isang Milyong Piso Programa Fund was given by the Office of Former President Gloria Macapagal Arroyo. This was given as loan assistance to selected Cooperatives and Associations of the Province. For CY 2010, the Provincial Government received the following funds: 1. From the Department of Health, Region I For the implementation of projects for the Annual Operational Plan for 2009. P Department of Health National Counterpart for Health System Development Program (HSDP) 2009 Counterpart to European Counterpart-Grant Variable Tranch
2,250,000.00 1,500,000.00 589,125.00 P 4,339,125.00
2. From the City of San Fernando, La Union for the Rehabilitation of Cabaroan Bridge, Cabaroan, City of San Fernando, La Union 3. Fund for the Construction of the Apiculture Processing Center, Phase II 4. From the Bureau of Soils and Water Management (BSWM) for the Upgrading of Trichoderma Laboratory 5. Drug Rehabilitation Center (Vicente Sotto III) 6 From the Department of Health, Region I for the Drug Rehabilitation Center (Vicente Sotto III) 7. From the Department of Agriculture for Farm to Market roads 8. Isang Bayan, Isang Produkto, Isang Milyong Programa for the National Share from the Department of Trade and Industry for the OTOP Award 9. Special Local Roads Fund (SLRF) for the Improvement of PagdalaganBungro-Tanquigan Road, City of San Fernando, La Union 10. "Sanitasyon Para Kadakayo Amin" Project/Center for Advance Philippine Studies - Issue 2 Program 11. Reproductive Health and Family Planning Program for the grant under Maternal Newborn Child Health and Nutrition (MNCHN) Grant Facility 12. Department of Health, Region I for the Construction of the Regional Blood Center Conduct of Soil Testing Analyst TOTAL P
7,000,000.00 4,850,000.00
150,000.00 5,701,750.49
1,058,335.03 14,480,000.00
70,000.00
2,326,170.00
500,000.00
980,530.00
120,000.00 41,575,910.52
The Department of Health, Region I Fund was used for the Payment of the following expenses. 1. Meals and snacks during the Orientation in Inter Local Health Zone 2. T-shirts for the Study Tour 3. Fees of the Resource Speakers/Facilitators at St. Bernard Inter-Local Health Zone Study Tour in Southern Leyte 4. Air Fare and Bus rentals of delegates and participants to study tour in Southern Leyte 5. Accommodation of delegates and participants to the study tour in Southern Leyte 6. Organization of Inter-Barangay Health Zone in San Gabriel, La Union 7. Bus rental and accommodation of participants in the Data Validation and Reconciliation Workshop at Currimao, Ilocos Norte 8. Accommodation of participants at the Development Academy of the Philippines for the Phase II Workshop in the formulation of Rationalization Plan on the Province P 28,000.00 27,000.00
14,000.00
710,058.00
432,000.00 150,000.00
61,160.00
90,000.00
9. Fees of the Resource Speakers/Facilitators during the Training of Trainers in Targeting and Administration TOTAL P
45,000.00 1,557,218.00
The P 7,000,000.00 given by the City of San Fernando, La Union was used in the Rehabilitation of Cabaroan Bridge in Barangay Cabaroan, City of San Fernando, La Union with Chiara Construction as its contractor. The project has been fully completed and paid as of December 31, 2010. The Construction of the Apiculture Processing Center, Phase II in Bacnotan, La Union was done by A.R.V. Construction and Supply with a total amount of P 4,850.000.00. As of this date it has been completed. The feasibility study made for this Center was made by Mr. Ernesto Datuin of which his professional fees were paid in the amount of P 10,000.00 from balance of Phase I. The Vicente Sotto III Drug Rehabilitation Center has the following expenses for the year: 1. MY Builders & Construction for the site development. 2. Fuel expenses in the operation of the Provincial Equipments used in the site development. TOTAL The Department of Agriculture for Farm to Market Funds was utilized for the following: 1. Improvement of Sibuan-otong-Masicong Farm to Market Road, City of San Fernando, La Union 2. Improvement of Cadaclan Ram to Market Road 3. Improvement of Lipay Norte Farm to Market Road 4. Improvement of Lettac Sur Farm to Market Road 5. Rehabilitation of Casilagan Farm to Market Road, Bauang 6. Rehabilitation of Bagbag Farm to Market Road 7. Improvement of Cadaclan Masicong Farm to Market Rd. 8. Construction of Taboc Farm to Market Road Slope Protection 9. Concrete Paving of San Francisco Ambitacay Road 10. Rehabilitation of Sacyud Bridge 11. Improvement of Sitio Mankaen Farm to Market Road 12. Improvement of Santiago Sur Narra Farm to Market Road 13. Improvement of Acao Farm to Market Road 14. Improvement of Don Francisco Ortega Road leading to Sitio Malam-ek 15. Improvement of Cabarsican Road 16. Improvement of Birunget Cadaclan Road 17. Improvement of Sinapangan Road 18. Improvement of Masicong Farm to Market Road 19. Rehabilitation of Alipang-Cadumanian Farm to Market Road 20. Concrete Paving of Marcos Farm to Market Road 21. Concrete Paving of Cadumanian Farm to Market Road 22. Rehabilitation of Casilagan Farm to Market Road, Rosario 23. Rehabilitation of Nangcamotian, Rosario Farm to Market Rd. 24. Concrete Paving of Cambaly-Wallayan Road 25. Restoration of Sibuan-Otong RCDG Bridge 26. Materials for the Improvement of Parasapas Bridge, Rosario TOTAL P 413,967.80 968,799.46 968,799.96 968,799.67 2,412,500.00 2,412,500.00 1,737,000.00 434,250.00 434,250.00 2,171,250.00 289,500.00 1,063,499.87 434,250.00 482,500.00 48,420.00 49,916.24 96,880.00 96,840.63 434,250.00 260,550.00 434,250.00 260,550.00 260,550.00 183,350.00 10,794.22 8,094.40 17,336,312.25 P P 5,777,936.96
524,419.34 6,302,356.30
The prize for the OTOP Award was used to purchase the following for the Office of the Provincial Agriculturist 1. Water Dispenser 2. Office Equipments TOTAL P P 5,297.00 54,703.00 60,000.00
The Special Local Roads Fund (SLRF) was fully utilized for the improvement of Pagdalagan-BungroTanquigan Road, City of San Fernando, La union with J.D. Madrid Construction as contractor. The Reproductive Health and Family Planning Program fro the grant under Maternal Newborn Child Health and Nutrition (MNCHN) Grant Facility was utilized for the following: 1. Board and Lodging of participants during the Program Implementation P Review of MNCHN 2. Board and Lodging of participants in the Competency-Based Training on Family Planning - Level I 3. Meals, snacks and training kits of student leaders of the 2nd District of La Union during the Advocacy Symposium on Adolescent and Development Program 4. Purchase of Ferrous Sulfate 5. Training Kits and Manuals 6. Meals and snacks during the Orientation on Maternal, Neonatal and Child Care Nutrition P TOTAL
192,000.00 187,200.00
150,000.00 200,000.00 30,300.00 20,000.00 779,500.00
NOTE 3. CASH This account consists of the following: 1. Cash on Hand A. Cash Disbursing Officer Rizalina de Vera - Padan 2. Cash in Bank - Local Currency, Current Account A. Local Currency, Current Accounts BANK ACCOUNT NUMBER LBP - LU 0202-0055-78 LBP - LU 0202-0177-62 LBP - LU 0202-0212-20 LBP - LU 0202-0225-45 0202-0227-31 LBP - LU 0202-0234-01 LBP - LU 0202-0234-44 LBP - LU LBP - LU 0202-0234-87 LBP - LU 0202-0236-90 DBP - LU 0-05109-570-4/0570004700-030 DBP - LU 0-05124-570-3/0570004698-030 DBP - LU 0570-016434-080 FUND Trust Fund Trust Fund Trust Fund SLRF ECCD Trust Fund Trust Fund Trust Fund Trust Fund Trust Fund PDAP Trust Fund AMOUNT P 16,150.76 133,550.84 599,865.91 51,616.75 6,321.42 99,240.90 9,468.15 315,206.82 2,172,782.00 1,197,155.52 20,091.77 1,000,169.60
1,558.07
5,621,620.44
B. Local Currency, Time Deposits FUND BANK ACCOUNT NUMBER DBP - LU 0570-830024-608 Trust Fund DBP - LU 5-000005-11-9/ Trust Fund 0570-004697-160 TOTAL NOTE 4. RECEIVABLES This account consists of the following: 1. Receivable Accounts Loan Receivable - Others Represents the remaining balance of the Loan Assistance of Kabuhayan 2000 given to Macabato Baro A Namnama Multi-Purpose Cooperative , Inc. ,Macabato, Aringay, La Union. The original amount was P80,000.00 given to them last 2007. 2. Inter - Agency Receivables A. Due from Local Government Units LGU Agoo Aringay Bacnotan Bacnotan Bagulin Balaoan Balaoan Bangar Bauang Caba City of San Fernando Luna Luna Naguilian Pugo Rosario San Gabriel San Juan Santo Tomas Santol Santol Tubao Various LGU Agoo Bacnotan Bagulin Balaoan PARTICULARS KKK Loans KKK Loans KKK Loans Overwithdrawal KKK Loans KKK Loans Overwithdrawal KKK Loans KKK Loans KKK Loans KKK Loans KKK Loans Overwithdrawal KKK Loans KKK Loans KKK Loans KKK Loans KKK Loans KKK Loans KKK Loans Overwithdrawal KKK Loans Trust Fund PARTICULARS Early Childhood Care and Development Program AMOUNT P 40,750.00 81,969.00 16,000.00 38,269.64 79,050.00 99,300.00 1,456,173.15 11,100.00 100,000.00 87,609.00 81,074.50 100,000.00 882,998.23 15,045.00 32,660.00 100,000.00 39,700.00 79,830.00 100,000.00 100,000.00 607,897.85 65,400.00 74,461.81 P AMOUNT 17,538.73 53,450.00 129,863.06 45,436.45 AMOUNT P11,110,695.24 1,174,775.53 12,285,470.77 P 17,907,091.21 17,908,649.28
49,250.00
4,289,288.18
Bangar Bauang Burgos Luna Naguilian Pugo Rosario San Fernando San Gabriel San Juan Santol Santo Tomas Sudipen Tubao B. Due from NGOs/Pos Bucao - Bumbuneg Irrigators Association, Inc. Balance of the loan assistance given last March 2006 with the original amount of P150,000.00 for the purchase of Agricultural Inputs. P La Union Seed Producer MPCI Balance of the loan assistance given last March 2006 with the original amount of P350,000.00 for Rice Seed Production. Rosario (L.U.) Seed Growers Association Balance of the loan assistance given last March 2006 with the original amount of P150,000.00 for the purchase of Farm Inputs.
6,276.72 67,680.00 58,169.00 117,517.18 26,450.90 140,640.43 42,191.58 150,094.90 34,965.09 210,401.00 541,616.00 274,800.00 232,648.00 2,670.73
2,152,409.77
51,250.00
92,001.00
127,250.00
270,501.00
6,712,198.95
3. Intra - Agency Receivables: Due from Other Funds General Fund Proper Accumulated Interest income earned on terminated Time Deposit accounts P Refund of Cash Advance by Igmedio Hidalgo of PHO receipted under General Fund Proper Collection of Kabuhayan 2000 receipted under General Fund Proper Collection of LUVWI, Rosario receipted under General Fund Proper Trust Fund Proper Refund deposited to TF Proper instead of Trust Fund ECCD P Refund of cash prizes for the Children's Month Celebration erroneously deposited to TF Proper Proper instead of ECCD Payment to Delfinado's Cancellation of entry
211,042.53 600.00 750.00 20,000.00 P 232,392.53
20.00
300.00 33,600.00 1,928.57
Receivable from General Fund for the reim bursement made by Alberto Lacsamana for bus rental
45,000.00
80,848.57
Trust Fund - ECCD Expenses incurred in the purchase of training materials used in the PCPC training erroneously paid by TF Proper
8,459.18
Trust Fund - Issue 2(Sanitasyon Program) Remittance to BIR for VAT Expenses erroneously paid by Trust Fund Proper
66.50 41,100.00 41,166.50 362,866.78
4. Other Receivables A. Receivables - Disallowances/Charges Claims for Disallowed Payments B.Other Receivables Provincial Employees KKK Loans Various TOTAL NOTE 5. INVESTMENT This account constitutes the balances of Investment in Securities for Other Interest Bearing Loans that has been entered in the Books of Accounts in December, 1998. NOTE 6. OTHER ASSETS This account constitutes the total balances of the Work/Other Animals account transferred from the General Fund Proper Account. As per Animal Transaction Report of the Office of the Provincial Veterinarian as of December 31, 2010, we have the following animals: Agoo Breeding Station Cross Doe Matured Cross Doe Weanling Female Cross Weanling Male Cross Suckling Female Cross Suckling Male Cross Cross Weanling Female Cross Weanling Australian Brahman Cow Bull Cross Yearling Female Cross TOTAL P 268,000.00 1,876.69
40,635.36
269,876.69 P
310,512.05 7,434,827.78
290,073.40
212,800.00
13 1 5 2 7 4 7 2 1 1 1 44
La Union Breeding Station - Balaoan Goat - Department of Energy Buck Doe Kids - Male - Female Goat - Provincial Buck Doe Kids - Male - Female TOTAL NOTE 7. CURRENT LIABILITIES This account consists of the following: 1. Inter - Agency Payables A. Due to BIR PARTICULARS Value Added Tax 1% on Goods 2% on Services 3% Percentage Tax B. Due to Other NGAs
3 21 0 3 0 7 4 2
27
13 40
AMOUNT 16,703.32 502.49 7,814.75 3,206.83
28,227.39
PARTICULARS DBM- KILOS ASENSO Support Fund Department of Health, Region I Department of Health, Region I - Construction of Regional Blood Center House of Representatives (PDAF) C. Due to Local Government Units PARTICULARS Barangay Government Fund Barangay Roads and Bridges C R B I - Barangay Roads and Bridges C R B I - Municipal Roads and Bridges K K K - Provincial K K K - Municipalities MPWH Municipal Government RPTA Special Education Fund TF - POPCOM
AMOUNT 82,467.20 2,781,907.00 120,000.00 3,040,466.77
6,024,840.97
AMOUNT 100,821.86 20,738.97 216,059.52 96,501.00 293,000.00 1,337,616.52 105,840.00 144,354.32 510,782.87 760.00 158,814.88
2,985,289.94
9,038,358.30
2. Intra - Agency Payables Due to Other Funds General Fund Proper Interest income Earned from Trust Fund Time Deposits NLUMCH Cash Pharmacy Medicines used by indigents patients chargeable against the PDAF of Congressman Victor F. Ortega Trust Fund Proper Payable of Trust Fund - Sanitasyon which was erroneously paid under Trust Fund Proper account ECCD Fund Collections which was erronluesly deposited under the Trust Fund Proper 3. Other Liability Accounts A. Guaranty Deposits Payable VIVANT ENERGY CORPORATION for the Guaranty Deposit on the sale of acquired BPPC Properties P B. Performance/Bidders/Bails Bonds Payable Non-refundable Bid documents, Bidders' Bond, Performance Bond C. Other Payables PARTICULARS "Sanitasyon Para Kadakayo Amin" Project/ center for Advances Phil. Studies (Issue 2) Accreditation Fee Agricultural Products (Palay) Agrikulturang Maka-Masa Amburayan River Banks Apiculture Processing Center Bauang Private Power Plant Bid Proposal/Accreditation Fee Commission on Elections Dance for Joy/OPLAN Manuel DENR (Ecolympics Program)
DENR Bamboo Plantation Development Project
86,238.83
8,758.00
83,225.68
2,248.57
180,471.08
1,500,000.00
4,281,266.19
AMOUNT P 243,399.10 7,900.00 9,205.00 128,050.00 30,000.00 9,468.15 39,931.64 320,152.32 200.00 7,175.40 2,250.00 27,970.00 7,443.00 402,112.42 10,000.00 529,278.45 2,148,441.76 141.51 48,203.65 150.00
DENR-SEA Ranching/Sea Urchin Project Devolved Hospital (Honoraria & Capitation) DOH Region I Drug Rehabilitation Center (Vicente Sotto III) Early Childhood Care Development Program Energy Regulatory Commission E S F - Roads Gawad - Pangulo sa Kapaligiran Hybrid Rice, Banana Sucker, Assorted Seedlings
and Bamboo Seedlings and Others Inter- Local Government Health Zone Account Isang Bayan, Isang Produkto, Isang Milyong Programa Kabuhayan 2000 Kasakalikasan La Union Surfing Break 2008 Lead Rehabilitation Project MDCC Response Team Training MOA to D P W H Municipality of Aringay National Economic Development Authority (Big Project) NEDA-REGION I (Drying Facility Center in Guapple Processing) Nutrition Council Organic Fertilizer Other Payables Philippine Association of Provincial and City Agriculturists Philippine Rice Maligaya
Philippine Tourism Authority (Typhoon Cosme)
1,502,917.02 384,721.50 332,283.30 336,626.21 2,393.29 43,435.00 26,862.50 80,400.00 664.23 5,000.00 81,670.00 11,868.90 73,105.00 202,912.00 877,497.73 15,000.00 110,625.00 200,000.00 3,000.00 954,107.60 23,100.00 726,710.00 154,255.00 298,840.00 1,622.63 22,450.00 74,111.75 37,011.64 37,800.00 6,965.56 20,000.00 16,070.00
PPDC - 2005 Best NSM Province Reproductive Health and Family Planning Restoration Guarantee Fee Sale of Animals Sales from Trichoderma Laboratory Sales of Boar Semen Special Local Roads Fund (SLRF) for San Vicente - Catbangen Road) Swine Dispersal Project
Technology and Livelihood Development Center
Tilapia Post Fingerlings Toyo-Nippon Steel -Miyaji Joint Venture Tractor Rental Watershed Program Yellow Corn Seed Subsidy TOTAL
10,635,498.26 P
16,416,764.45 25,635,593.83

Provincial Government of La Union General Fund Trial Balance

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GENERAL FUND

PROVINCIAL GOVERNMENT OF LA UNION

Post-Closing Trial Balance

January 10, 2011 09:25:37 AM

PROVINCIAL GOVERNMENT OF LA UNION

Pre-Closing Trial Balance

January 10, 2011 09:11:41 AM

PROVINCIAL GOVERNMENT OF LA UNION

Pre-Closing Trial Balance

January 10, 2011 09:11:41 AM

PROVINCIAL GOVERNMENT OF LA UNION

Pre-Closing Trial Balance

January 10, 2011 09:11:41 AM

PROVINCIAL GOVERNMENT OF LA UNION

Page 1 of 5 Date/Time Printed : January 10, 2011 09:26:32 AM

PROVINCIAL GOVERNMENT OF LA UNION

PROVINCIAL GOVERNMENT OF LA UNION

Page 3 of 5 Date/Time Printed : January 10, 2011 09:26:32 AM

PROVINCIAL GOVERNMENT OF LA UNION

________________ ________________ ________________ 1,062,023.41 15,866,063.61 40,599,062.38

PROVINCIAL GOVERNMENT OF LA UNION

Page 5 of 5 Date/Time Printed : January 10, 2011 09:26:32 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Income and Expenses

January 10, 2011 09:27:55 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Cash Flows

January 10, 2011 09:31:56 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Cash Flows

January 10, 2011 09:31:56 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Cash Flows

Cash Provided by Operating Activities Cash Flow from Investing Activities :

Cash Provided by Investing Activities Cash Flow from Financing Activities :

Cash Provided by Financing Activities

Total Cash provided by Operating, Investing, Financing Activities

Add : Cash Balance Beginning Jan 1 2010

Cash Balance Ending Dec 31 2010

________________ 392,920,562.71 ________________

January 10, 2011 09:31:56 AM

PROVINCIAL GOVERNMENT OF LA UNION

Statement of Government Equity

January 10, 2011 09:34:45 AM

1,062,023.41 15,866,063.61 40,599,062.38

392,920,562.71

28,809,757.49