Fund statements and special funds
Funds
Review financial statements by fund and special-fund utilization. Coverage includes the General, Special Education, Trust, GAD, Development, and LDRRMF funds.
Total Assets by Fund (2024)
Distribution of the ₱1.13B combined assets across the three funds
| Category | Value |
|---|---|
| General Fund | ₱988,854,172.46 |
| Trust Fund | ₱110,690,063.52 |
| Special Education Fund | ₱31,276,844.06 |
Total Assets by Fund
Assets held in each fund at December 31, CY 2023 vs CY 2024
| Category | CY 2024 | CY 2023 |
|---|---|---|
| General Fund | ₱988,854,172.46 | ₱892,970,815.89 |
| Trust Fund | ₱110,690,063.52 | ₱183,165,566.49 |
| Special Education Fund | ₱31,276,844.06 | ₱29,187,131.02 |
Surplus (Deficit) by Fund
Results of operations of the General Fund and Special Education Fund
| Category | CY 2024 | CY 2023 |
|---|---|---|
| General Fund | ₱28,903,131.06 | ₱59,693,119.06 |
| Special Education Fund | -₱128,036.84 | -₱924,131.28 |
Cash at the End of the Year by Fund
Year-end cash balances per fund statement of cash flows
| Category | CY 2024 | CY 2023 |
|---|---|---|
| General Fund | ₱85,037,522.11 | ₱182,694,253.26 |
| Trust Fund | ₱33,705,219.31 | ₱39,065,399.25 |
| Special Education Fund | ₱858,578.42 | ₱1,219,497.33 |
Fund statements
General Fund
The principal operating fund of the municipality
| Account | CY 2024 | CY 2023 |
|---|---|---|
| Cash | ₱85,037,522.11 | ₱182,694,253.26 |
| Receivables | ₱78,100,740.88 | ₱86,511,443.42 |
| Property, Plant and Equipment | ₱807,413,650.80 | ₱600,949,119.33 |
| Total Assets | ₱988,854,172.46 | ₱892,970,815.89 |
| Total Liabilities | ₱113,436,135.93 | ₱104,566,898.71 |
| Equity | ₱875,418,036.53 | ₱788,403,917.18 |
Financial Performance
| Particulars | CY 2024 | CY 2023 |
|---|---|---|
| Total Revenue | ₱318,031,353.66 | ₱298,441,549.66 |
| Total Current Operating Expenses | ₱285,985,390.77 | ₱248,498,572.03 |
| Surplus (Deficit) for the Period | ₱28,903,131.06 | ₱59,693,119.06 |
Cash Flows
| Particulars | CY 2024 | CY 2023 |
|---|---|---|
| Net Cash from Operating Activities | ₱23,454,501.48 | ₱33,715,745.89 |
| Net Cash from Investing Activities | -₱121,111,232.63 | -₱72,869,047.01 |
| Cash at the End of the Year | ₱85,037,522.11 | ₱182,694,253.26 |
Special Education Fund
Funded by the special education tax on real property
| Account | CY 2024 | CY 2023 |
|---|---|---|
| Cash | ₱858,578.43 | ₱1,219,497.33 |
| Receivables | ₱30,276,615.63 | ₱27,801,908.69 |
| Property, Plant and Equipment | ₱141,650.00 | ₱165,725.00 |
| Total Assets | ₱31,276,844.06 | ₱29,187,131.02 |
| Total Liabilities | ₱30,393,510.02 | ₱28,175,199.63 |
| Equity | ₱883,334.04 | ₱1,011,931.39 |
Financial Performance
| Particulars | CY 2024 | CY 2023 |
|---|---|---|
| Total Revenue | ₱877,491.74 | ₱613,609.49 |
| Total Current Operating Expenses | ₱1,005,528.58 | ₱1,537,740.77 |
| Surplus (Deficit) for the Period | -₱128,036.84 | -₱924,131.28 |
Cash Flows
| Particulars | CY 2024 | CY 2023 |
|---|---|---|
| Net Cash from Operating Activities | -₱360,918.91 | -₱679,425.12 |
| Net Cash from Investing Activities | ₱0.00 | -₱353,130.27 |
| Cash at the End of the Year | ₱858,578.42 | ₱1,219,497.33 |
Trust Fund
Funds held in trust, including disaster risk reduction and other mandated funds
| Account | CY 2024 | CY 2023 |
|---|---|---|
| Cash | ₱33,705,219.31 | ₱39,065,399.25 |
| Receivables | ₱3,128,022.55 | ₱3,601,022.55 |
| Property, Plant and Equipment | ₱73,638,208.12 | ₱138,744,507.31 |
| Total Assets | ₱110,690,063.52 | ₱183,165,566.49 |
| Total Liabilities | ₱110,690,063.52 | ₱183,165,566.49 |
| Equity | ₱0.00 | ₱0.00 |
Cash Flows
| Particulars | CY 2024 | CY 2023 |
|---|---|---|
| Net Cash from Operating Activities | ₱5,945,760.72 | ₱3,701,401.59 |
| Net Cash from Investing Activities | -₱11,305,940.66 | -₱65,746,441.72 |
| Cash at the End of the Year | ₱33,705,219.31 | ₱39,065,399.25 |
Special funds
Gender and Development (GAD) Fund
CY 2024 GAD Fund appropriation and utilization
Total Appropriation
₱23,142,064.25
Client-Focused Activities
₱17,244,000.00
Organization-Focused Programs
₱5,898,064.25
All 40 priority programs, projects, and activities under the GAD Fund were realized. However, the GAD Accomplishment Report was not properly aligned with the approved GAD Plan and Budget, and changes were not covered by an ordinance (see Finding 12).
GAD Plan vs Accomplishment
Allocations that differ from the approved GAD Plan and Budget (Part II, Table 19)
| GAD Activity | Per GPB | Per Accomplishment Report | Variance |
|---|---|---|---|
| Purchase of Instructional Materials for Day Care Service | ₱400,000.00 | ₱300,000.00 | ₱100,000.00 |
| Establishment/Construction of Child Care facility | ₱400,000.00 | ₱100,000.00 | ₱300,000.00 |
| Provision of Educational Assistance (Stipend)/Education for All Program | ₱10,000,000.00 | ₱9,450,000.00 | ₱550,000.00 |
| GAD Planning and Budgeting for calendar year 2025 | ₱300,000.00 | ₱500,000.00 | -₱200,000.00 |
| Calculated row totals | ₱11,100,000.00 | ₱10,350,000.00 | ₱750,000.00 |
| Totals printed in Table 19 (conflicting) | ₱10,400,000.00 | ₱9,550,000.00 | ₱750,000.00 |
20% Development Fund
CY 2024 appropriation and livelihood assistance component
Total Appropriation
₱61,404,529.00
Livelihood Assistance Appropriated
₱4,000,000.00
Livelihood Assistance Obligated
₱1,460,000.00
Livelihood Assistance Distributed
₱1,260,000.00
Livelihood assistance was granted at ₱20,000.00 per association. The appropriation and utilization of the livelihood assistance component were not adherent to guidelines (see Findings 5 and 9).
Local Disaster Risk Reduction and Management Fund
Available funds, utilization, and balances per the LDRRMFIP
Total Available
₱37,342,155.41
Total Utilized
₱8,501,635.23
Total Balance
₱28,840,520.18
LDRRMF Sources by Year
Quick Response Fund (30%) and Mitigation Fund (70%) shares per funding year
| Category | Quick Response Fund (30%) | Mitigation Fund (70%) |
|---|---|---|
| 2024 | ₱4,732,839.68 | ₱11,043,292.57 |
| 2023 | ₱1,692,434.74 | ₱2,825,873.69 |
| 2022 | ₱5,184,094.45 | ₱1,852,641.70 |
| 2021 | ₱3,865,905.68 | ₱2,218,204.52 |
| 2020 | ₱6,333.88 | ₱108,208.32 |
| 2019 | ₱944,961.40 | ₱1,051,376.54 |
| 2018 | ₱0.00 | ₱1,815,988.25 |
Total available LDRRMF resources: ₱37,342,155.42.
LDRRMF Balance per PPA
Remaining balance per program, project and activity (negative balances are overruns); full PPA names appear in the table below
| Category | Amount |
|---|---|
| Relief and Recovery | ₱4,732,839.68 |
| Capability Building | ₱262,841.30 |
| Multi-hazard Drills | ₱150,000.00 |
| Food Supplies | ₱276,400.00 |
| Hygiene Kit / Medicines | ₱71,325.00 |
| Fire Extinguishers | ₱3,360.00 |
| Fire Hydrants | ₱125,000.00 |
| IEC Materials | -₱22,950.00 |
| Hazard Maps | ₱86,350.00 |
| Government Building Insurance | ₱83,690.03 |
| Volunteer Insurance | ₱37,000.00 |
| Declogging / Flood Control | -₱1,073,973.71 |
| Relocation Site | ₱1,542,248.21 |
| DRRM Equipment | ₱130,712.34 |
| Communication Supplies | ₱274,345.00 |
| Early Warning System | ₱36,600.00 |
LDRRMF per PPA
Appropriation, utilization and balance of the CY 2024 LDRRMF programs, projects and activities per the LDRRMFIP (Part II, Table 17)
| LDRRMF Program | Appropriation | Utilization | Balance |
|---|---|---|---|
| Relief and Recovery | ₱4,732,839.68 | ₱0.00 | ₱4,732,839.68 |
| Capability Building / Trainings / Emergency Response / Community First Responder / NTC Radio Operator / Community Risk Assessment | ₱1,652,580.23 | ₱1,389,738.93 | ₱262,841.30 |
| Multi-hazard Drills/ Simulation Exercises | ₱150,000.00 | ₱0.00 | ₱150,000.00 |
| Food Supplies / Hygiene Kit / Medicines | ₱300,000.00 | ₱23,600.00 | ₱276,400.00 |
| Drug and Medicines (Hygiene Kit / Medicines) | ₱100,000.00 | ₱28,675.00 | ₱71,325.00 |
| Procurement of Fire Extinguisher | ₱150,000.00 | ₱146,640.00 | ₱3,360.00 |
| Establishment of Fire Hydrant at Brgys. Serum & Magallanes | ₱125,000.00 | ₱0.00 | ₱125,000.00 |
| Purchase/ reproduction of IEC materials | ₱75,000.00 | ₱97,950.00 | -₱22,950.00 |
| Updating Hazard Maps, LCCA Plan, DRRM Plan & mainstreaming DRR-CCA into CDP & CLUP | ₱1,046,000.00 | ₱959,650.00 | ₱86,350.00 |
| Insurance premium of Government Building/ Evacuation Center | ₱200,000.00 | ₱116,309.97 | ₱83,690.03 |
| Insurance premium of DRRM volunteers | ₱50,000.00 | ₱13,000.00 | ₱37,000.00 |
| Declogging of drainage and river/ Construction of flood erosion control | ₱1,250,000.00 | ₱2,323,973.71 | -₱1,073,973.71 |
| Purchase of lot for relocation site / Improvement and repair of evacuation center/ sanitary landfill/ DRRM Operation Center | ₱2,100,000.00 | ₱557,751.79 | ₱1,542,248.21 |
| Purchase of DRRM Equipment, heavy equipment, rescue vehicle, sea rescue vehicle | ₱3,044,712.34 | ₱2,914,000.00 | ₱130,712.34 |
| Communication Supplies (Antenna / batteries / 2-way radios / Cellphone / repeater) | ₱500,000.00 | ₱225,655.00 | ₱274,345.00 |
| Early Warning System | ₱300,000.00 | ₱263,400.00 | ₱36,600.00 |
| Total CY 2024 Appropriations | ₱15,776,132.25 | ₱9,060,344.40 | ₱6,715,787.85 |
Two PPAs exceeded their appropriations (negative balances): the purchase/reproduction of IEC materials and the declogging of drainage and river / construction of flood erosion control (see Finding 11).
Bank accounts maintained
| Account Number (masked) | Fund |
|---|---|
| ••••-••12-21 | General Fund |
| ••••-••65-17 | GF - Housing |
| ••••-••71-49 | GF - Health |
| ••••-••38-31 | TF - HCI Charges |
| ••••-••22-44 | Special Education Fund |
| ••••-••08-83 | Trust Fund |
| ••••-••75-05 | TF - RAY DILG |
| ••••-••44-20 | TF - BMTC |
| ••••-••73-27 | TF - LDRRMF |
| ••••-••37-18 | TF - ARCP PBGS II |
| ••••-••41-53 | TF - Local Health Zone |
| ••••-••88-09 | TF - HBG 09 |
| ••••-••87-95 | TF - PBG 95 |
| ••••-••57-53 | TF - KALAHI |
| ••••-••92-10 | TF - BASEY 10 |
All 15 accounts are maintained with Landbank - Tacloban. Full account numbers are masked for privacy. See the official COA report for authoritative records.