Fund statements and special funds
Funds 2023
Review CY 2023 financial statements by fund and special-fund utilization. Coverage includes the General, Special Education, Trust, Development, and LDRRMF funds.
Total assets by fund (2023)
Distribution of the ₱1.11B combined assets across the three funds
| Category | Value |
|---|---|
| General Fund | ₱892,970,815.90 |
| Trust Fund | ₱183,165,566.49 |
| Special Education Fund | ₱29,187,131.02 |
Fund statements
General Fund
The principal operating fund of the municipality
| Account | CY 2023 | CY 2022 |
|---|---|---|
| Cash | ₱182,694,253.26 | ₱221,847,554.38 |
| Receivables | ₱86,511,443.42 | ₱62,357,776.59 |
| Property, Plant and Equipment | ₱600,949,119.33 | ₱521,974,765.57 |
| Total Assets | ₱892,970,815.90 | ₱827,089,157.35 |
| Total Liabilities | ₱104,566,898.72 | ₱98,521,129.66 |
| Equity | ₱788,403,917.18 | ₱728,568,027.69 |
Financial Performance
| Particulars | CY 2023 | CY 2022 |
|---|---|---|
| Total Revenue | ₱298,441,549.66 | ₱348,579,500.15 |
| Total Current Operating Expenses | ₱248,498,572.03 | ₱251,354,528.04 |
| Surplus (Deficit) for the Period | ₱59,693,119.06 | ₱100,686,564.65 |
Cash Flows
| Particulars | CY 2023 | CY 2022 |
|---|---|---|
| Net Cash from Operating Activities | ₱33,715,745.89 | ₱90,832,171.91 |
| Net Cash from Investing Activities | -₱72,869,047.01 | -₱43,326,770.46 |
| Cash at the End of the Year | ₱182,694,253.26 | ₱221,847,554.38 |
Special Education Fund
Funded by the special education tax on real property
| Account | CY 2023 | CY 2022 |
|---|---|---|
| Cash | ₱1,219,497.33 | ₱2,252,052.72 |
| Receivables | ₱27,801,908.69 | ₱16,663,297.03 |
| Property, Plant and Equipment | ₱165,725.00 | ₱0.00 |
| Total Assets | ₱29,187,131.02 | ₱18,915,349.75 |
| Total Liabilities | ₱28,175,199.63 | ₱16,979,287.08 |
| Equity | ₱1,011,931.39 | ₱1,936,062.67 |
Financial Performance
| Particulars | CY 2023 | CY 2022 |
|---|---|---|
| Total Revenue | ₱613,609.49 | ₱546,784.48 |
| Total Current Operating Expenses | ₱1,537,740.77 | ₱573,912.72 |
| Surplus (Deficit) for the Period | -₱924,131.28 | ₱35,368.46 |
Cash Flows
| Particulars | CY 2023 | CY 2022 |
|---|---|---|
| Net Cash from Operating Activities | -₱679,425.12 | ₱270,489.44 |
| Net Cash from Investing Activities | -₱353,130.27 | ₱0.00 |
| Cash at the End of the Year | ₱1,219,497.33 | ₱2,252,052.72 |
Trust Fund
Funds held in trust, including disaster risk reduction and other mandated funds
| Account | CY 2023 | CY 2022 |
|---|---|---|
| Cash | ₱39,065,399.25 | ₱101,110,439.38 |
| Receivables | ₱3,601,022.55 | ₱1,690,522.55 |
| Property, Plant and Equipment | ₱138,744,507.31 | ₱58,063,695.98 |
| Total Assets | ₱183,165,566.49 | ₱161,103,388.62 |
| Total Liabilities | ₱183,165,566.49 | ₱161,103,388.62 |
| Equity | ₱0.00 | ₱0.00 |
Cash Flows
| Particulars | CY 2023 | CY 2022 |
|---|---|---|
| Net Cash from Operating Activities | ₱3,701,401.59 | ₱94,553,002.50 |
| Net Cash from Investing Activities | -₱65,746,441.72 | -₱20,034,767.45 |
| Cash at the End of the Year | ₱39,065,399.25 | ₱101,110,439.38 |
Special funds
20% Development Fund
CY 2023 appropriation and livelihood assistance component
Total Appropriation
₱57,836,529.80
Livelihood Assistance Appropriated
₱1,000,000.00
Livelihood Assistance Distributed
₱1,000,000.00
Associations Assisted
50
₱20,000.00 per association
Livelihood assistance was distributed to 50 associations at ₱20,000.00 each. Various deficiencies in planning, budgeting, and contract submission, and the distribution without complete documentation, were noted by the auditors (see Findings 6 and 7).
Local Disaster Risk Reduction and Management Fund
Available funds, utilization, and balances per Note 26 of the audited financial statements
Total Available
₱31,919,347.19
Total Utilized
₱10,309,464.03
Total Balance
₱21,609,883.16
Part II of the report presents total available funds of ₱31,956,847.19; the difference of ₱37,500.00 arises from erroneous current appropriation entries identified by the auditors. The accounting and reporting of the CY 2023 LDRRMF were found inadequate (see Finding 9).
Gender and Development (GAD) Fund
Not covered in the CY 2023 audit
No GAD Fund compliance audit was conducted for CY 2023, so no GAD figures are presented for this year.
LDRRMF sources by year
Quick Response Fund (30%) and Mitigation Fund (70%) shares per funding year
| Category | Quick Response Fund (30%) | Mitigation Fund (70%) |
|---|---|---|
| 2023 | ₱4,472,739.74 | ₱10,436,392.72 |
| 2022 | ₱5,184,094.45 | ₱1,852,641.70 |
| 2021 STF | ₱3,865,905.68 | ₱2,218,204.52 |
| 2020 STF | ₱6,333.88 | ₱108,208.32 |
| 2019 STF | ₱944,961.40 | ₱1,051,376.54 |
| 2018 STF | ₱0.00 | ₱1,815,988.25 |
Total available LDRRMF resources per Part II: ₱31,956,847.19.
LDRRMF per PPA
Appropriation, utilization and balance of the CY 2023 LDRRMF programs, projects and activities per the LDRRMFIP (Part II, Table 28)
| LDRRMF Program | Appropriation | Utilization | Balance |
|---|---|---|---|
| Relief and Recovery | ₱4,472,739.74 | ₱2,769,055.00 | ₱1,703,684.74 |
| Capability Building / Trainings and Seminars on disaster preparedness & LISTO Operation / DRRM Orientations / BDRRM Plan Formulation & Updating / Evacuation Planning / Camp Management / Brgy. Emergency Response Training / Community Risk Assessment | ₱1,300,000.00 | ₱1,617,227.25 | -₱317,227.25 |
| Drills/Simulation Exercises (flood, earthquake, typhoon) | ₱200,000.00 | ₱0.00 | ₱200,000.00 |
| Food Supplies / Hygiene Kit | ₱400,000.00 | ₱0.00 | ₱400,000.00 |
| Medicines/Medical Supplies | ₱200,000.00 | ₱119,210.00 | ₱80,790.00 |
| Early Warning System | ₱150,000.00 | ₱138,605.00 | ₱11,395.00 |
| Communication Supplies / Antenna / batteries / 2-way radios | ₱550,000.00 | ₱53,030.00 | ₱496,970.00 |
| Purchase / Reproduction of IEC materials | ₱100,000.00 | ₱0.00 | ₱100,000.00 |
| Updating Hazard Mapping & VAs mainstreaming DRR & CCA / CBMS | ₱1,200,000.00 | ₱438,550.00 | ₱761,450.00 |
| Insurance premium of Government Building / Evacuation Center | ₱350,000.00 | ₱0.00 | ₱350,000.00 |
| Insurance premium of DRRM volunteers | ₱150,000.00 | ₱800,000.00 | -₱650,000.00 |
| Declogging of drainage and river / river bank stabilization | ₱1,800,000.00 | ₱1,771,650.00 | ₱28,350.00 |
| Preparedness and Mitigation Projects-CO | ₱0.00 | ₱0.00 | ₱0.00 |
| Purchase of lot for relocation site for hazard prone households & improvement and repair of evacuation center / sanitary landfill / DRRM OpCen | ₱1,650,000.00 | ₱1,240,575.06 | ₱409,424.94 |
| Purchase of DRRM Equipment, Office Furniture, Trucks, Rescue Vehicles | ₱2,386,392.70 | ₱1,102,989.00 | ₱1,283,403.70 |
| Total CY 2023 Appropriations | ₱14,909,132.45 | ₱7,281,836.31 | ₱3,154,556.39 |
| Supplemental: Procurement of rescue vehicle / sea ambulance | ₱5,700,000.00 | ₱0.00 | ₱5,700,000.00 |
| Supplemental: Construction / Improvement of Evacuation Centers in Canmanila, Anglit, Del Pilar, Magallanes, Mercado, and So. Biga, Brgy. Mabini | ₱4,550,000.00 | ₱0.00 | ₱4,550,000.00 |
| Supplemental: Purchase of Generator Set | ₱1,000,000.00 | ₱0.00 | ₱1,000,000.00 |
| Supplemental: Purchase of Lot and Development of Resettlement Sites for Households within Hazard Prone Areas in So. Rizal, Brgy. Bulao | ₱5,750,000.00 | ₱0.00 | ₱5,750,000.00 |
| Total 2023 Supplemental Appropriations | ₱17,000,000.00 | ₱0.00 | ₱17,000,000.00 |
| Additional: Project Monitoring | ₱0.00 | ₱23,600.00 | -₱23,600.00 |
| Additional: Grasscutter & Part & maintenance of water Tanker & Rescue Truck | ₱0.00 | ₱6,280.00 | -₱6,280.00 |
| Additional: Repair of Ambulance for MDRRMO | ₱0.00 | ₱260,000.00 | -₱260,000.00 |
| Total Additional Charges to MF | ₱0.00 | ₱289,880.00 | -₱289,880.00 |
| Grand Total 2023 Utilization | Not reported | ₱10,340,771.31 | Not reported |
Several PPAs were utilized beyond their appropriations, and non-disaster-reduction-related expenditures totaling ₱289,880.00 were charged to the fund (see Finding 9).
Bank accounts maintained
| Account Number (masked) | Fund | Year-End Balance |
|---|---|---|
| •••-••••-••••••1221 | GF | ₱182,761,925.65 |
| •••-••••-••••••6517 | GF | ₱4,378,639.80 |
| •••-••••-••••••2244 | SEF | ₱1,422,456.83 |
| •••-••••-••••••4420 | TF | ₱473,126.53 |
| ••••••7149 | TF | ₱44,654.81 |
| •••-•••-••••••5753 | TF | ₱977,212.87 |
| •••-•••-••••••7327 | TF | ₱17,172,463.68 |
| ••••••3831 | TF | ₱482,143.24 |
| •••-••••-••••••0883 | TF | ₱20,023,980.45 |
| ••••••7505 | TF | ₱31,569.12 |
| ••••••4153 | TF | ₱26,122.93 |
| ••••••3718 | TF | ₱0.00 |
The municipality maintains 12 bank accounts: two General Fund, one SEF, and nine Trust Fund accounts, with a combined year-end balance of ₱227,794,295.91. Full account numbers are masked for privacy. See the official COA report for authoritative records. The accuracy of the Cash in Bank balance could not be ascertained due to the non-preparation of monthly bank reconciliation statements (Finding 1).