Statement of Financial Performance

Financial performance 2023

Revenue, expenses, and the surplus (deficit) for the period of the Municipality of Basey for CY 2023, with comparative figures for CY 2022.

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

Expenses by class

Personnel services and MOOE make up the bulk of operating expenses

Surplus

Surplus from operations and final surplus for the period

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

Source	CY 2023	CY 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

Class	CY 2023	CY 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