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2014 Financial Report

ACTUAL & ESTIMATED INCOME AND EXPENDITURES FOR CURRENT YEAR - 2014

BARANGAY CUPANG PROPER

CITY OF BALANGA

 

Actual

Estimate

TOTAL

PART A. ACTUAL INCOME

 

 

 

Beginning Balance

 

 

 

1.       Business Tax

42,220.00

37,780.00

80,000.00

2.       Community Tax

30,961.00

39,039.00

70,000.00

3.       Real Property Tax

491,396.66

208,603.34

700,000.00

4.       Permit Fees

23,954.75

21,045.25

45,000.00

5.       Clearance & Certification Fees

43,280.00

31,720.00

75,000.00

6.       Other Services Income (Acumen;Rockmix)

28,340.00

321,660.00

350,000.00

7.       Income From Markets

100,070.00

249,930.00

350,000.00

8.       Rent Income (Sun Cell Tower)

34,000.00

(10,000.00)

24,000.00

9.       Subsidy Income from other LGUs

446,750.00

(176,750.00)

270,000.00

10.   Interest Income

1,051.17

3,948.83

5,000.00

11.   Internal Revenue Allotment

2,119,008.00

2,119,011.00

4,238,019.00

TOTAL AVAILABLE RESOURCES

3,361,031.58

2,845,987.42

6,207,019.00

PART B. ACTUAL EXPENDITURES

 

 

 

Program/ Project/ Activity/ Major Final Output

 

 

 

Honoraria

687,000.00

687,000.00

1,374,000.00

Cash Gift

97,100.00

(42,100.00)

55,000.00

Terminal Leave

163,909.35

313.45

164,222.80

Training

-

60,000.00

60,000.00

Office Supplies Expenses

2,864.00

-

-

Accountable Forms Expenses

4,212.00

5,788.00

10,000.00

Gasoline, Oil & Lubricants Expenses

91,705.16

(11,705.16)

80,000.00

Other Supplies Expense

2,864.00

-

-

Water Expenses

9,002.55

32,997.45

42,000.00

Electricity/Streetlight

277,714.99

380,585.17

658,300.16

Donations

62,000.00

(12,000.00)

50,000.00

Telephone Expenses – Landline

6,200.47

8,799.53

15,000.00

Membership Dues and Cont. to Org.

86,821.25

12,178.75

99,000.00

Representative Expense

11,946.80

18,053.20

30,000.00

General Services

632,175.00

(492,175.00)

140,000.00

R / M – Motor Vehicles

46,793.40

(6,793.40)

40,000.00

R/M – IT Equipment

-

-

30,000.00

Insurance/Reinsurance

-

-

20,000.00

Fidelity Bond

-

-

10,000.00

Miscellaneous Expense

31,947.20

1,747,319.84

1,779,267.04

Other MOOE

397,175.40

1,108,053.60

1,505,229.00

TOTAL EXPENSE

2,620,374.32

3,529,508.68

6,207,019.00

OPERATING INCOME

740,657.26

 

 

Less : FINANCE COST

 

 

 

Bank Charges

210.23

 

 

INCOME BEFORE SUBSIDIES

740,447.03

 

 

Less: SUBSIDIES

 

 

 

Subsidy to other fund

-

 

 

NET INCOME

740,447.03

 

 

Prepared by:                                                                                    Approved by:

 

JENNIFER M. DIZON                                                                        NORMAN D. GUILA

 Barangay Treasurer                                                                        Punong Barangay

 

                                                   Certified by:

MYRNA B. ROMAN                                                                    JOSELITO EVANGELISTA

City Accountant                                                                               City Treasurer

 

        
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