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Basey Audit ReportsUnofficial presentation

Statement of financial performance

Financial performance 2023

Review the Municipality of Basey’s CY 2023 revenue, expenses, and surplus or deficit. Figures include CY 2022 comparisons.

Total Revenue
₱299,055,159.15
₱349,188,781.33 in 202214.4%
Total Expenses
₱250,036,312.80
₱251,928,440.77 in 20220.8%
Surplus for the Period
₱58,768,987.78
₱100,721,933.10 in 202241.7%
Share of IRA in Revenue
96.6%
₱289.0M out of ₱299.1M total revenue
Revenue by source
The IRA share dominates; local taxes and service/business income are comparatively small
CategoryCY 2023CY 2022
Tax Revenue₱3,440,115.01₱3,360,572.52
IRA Share₱288,966,942.00₱338,106,297.00
Service & Business₱6,424,367.60₱7,429,725.40
Grants & Donations₱223,734.54₱292,186.41
Expenses by class
Personnel services and MOOE make up the bulk of operating expenses
CategoryCY 2023CY 2022
Personnel Services₱108,623,423.59₱99,840,099.49
MOOE₱134,222,953.26₱119,483,115.05
Financial₱0.00₱474,126.50
Non-Cash₱7,189,935.95₱32,131,099.73
Surplus
Surplus from operations and final surplus for the period
CategoryCY 2023CY 2022
Surplus from Operations₱49,018,846.35₱97,260,340.56
Surplus for the Period₱58,768,987.78₱100,721,933.10

Transfers and subsidies received of ₱9,750,141.43 in CY 2023 increased the surplus from operations of ₱49,018,846.35 to a final surplus of ₱58,768,987.78.

Revenue detail

SourceCY 2023CY 2022
Tax Revenue₱3,440,115.01₱3,360,572.52
Share from Internal Revenue Collections (IRA)₱288,966,942.00₱338,106,297.00
Service and Business Income₱6,424,367.60₱7,429,725.40
Shares, Grants and Donations₱223,734.54₱292,186.41
Total Revenue₱299,055,159.15₱349,188,781.33

Expense detail

ClassCY 2023CY 2022
Personnel Services₱108,623,423.59₱99,840,099.49
Maintenance and Other Operating Expenses₱134,222,953.26₱119,483,115.05
Financial Expenses₱0.00₱474,126.50
Non-Cash Expenses₱7,189,935.95₱32,131,099.73
Total Current Operating Expenses₱250,036,312.80₱251,928,440.77