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ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
BUDGET PERFORMANCE AND FINANCIAL STATEMENTS
The province maintained three funds namely: General, Special Education and Trust
Funds. There are eight provincial tax impositions authorized under Section 135-141 of RA
7160; which are: Real Property, Amusement, Franchise, Sand and Gravel Taxes, Annual Fix
Tax, Transfer tax on Real Property, Ownership Tax on Publishing and Printing and
Professional Taxes. Economic enterprises maintained are on the use of public buildings for
rent like the Ilocano Heroes Hall, Dap-ayan, Centennial Arena, Marcos Stadium Quarters,
Rizal Park, Malacañang of the North and Hotel and Convention Center.
The Province is also maintaining one (1) tertiary hospital which is Gov. Roque B.
Ablan, Sr. Memorial Hospital (GRBASMH) and district hospitals namely Bagui District
Hospital, Dingras District Hospital, Piddig District Hospital, Doña Josefa Edralin Marcos
District Hospital, Vintar District Hospital and Pagudpud Extension District Hospital.
The Provincial Government of Ilocos Norte continuously seeks to provide the basic
quality services needed by its constituents and to realize the Honorable Governor’s vision
“Pasingkedan ti kinatan-ok ti Ilokano” and missions which are a.) Rapid and Sustained
Growth b.) Enabling Environment c.) Inclusive Growth and d.) Uphold Ilocano Heritage and its
positive values, the following are being undertaken:
a) Province of Ilocos Norte is being developed as a Tourism Spot in the North:
The Provincial Government of Ilocos Norte has purchase one of the tourist spot at
Burgos called Capurpuraoan
Improvement of Commercial Arcade and Plaza, by constructing an Overseer Quarter
at the UNESCO Heritage Site and Tourist Destination.
Construction and improvement of Museo Ilocos Food Retail Annex and Tabacalera
and now developed as a Commercial Center.
Improvement of Paoay Lake National Park Nagbacalan Viewdeck which was also
acquired by the Province.
On-going construction of Badoc Gateway, which adds as Tourist attraction in the
locality.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Tan-ok ni Ilokano Festival of Festivals was undertaken at the Ferdinand E. Marcos
Stadium last November 12, 2011. Tan-ok ni Ilokano is a showcase of festival dances
from the 21 municipalities and 2 cities of Ilocos Norte. This is the biggest attempt yet
to raise the bar in cultural performance in the Province, boosting the Ilocano’s sense
of pride, unity and greatness.
b) Millennium Development Goals of the Provincial Government of Ilocos Norte:
The Provincial Government of Ilocos Norte expressed its eagerness to respond to the
MDG challenges by continuously initiating a change process that aims to develop the
provincial government capacity towards improving the delivery of basic service to its
constituents thru the distribution of medicines to subsidize the high cost of medicines, food
packages “Noche Buena” given to the family of the poorest of the poor, and providing
financial assistance for livelihood programs for Sari-sari store and Buy and Sell Fund.
Provision of fish nets, grill nets and beach seine and vegetable seeds were also distributed
for food sufficiency.
c) Education Program of the Provincial Government of Ilocos Norte:
Pursuant to its objectives, the Province continuously seeks to provide the best
services needed by its constituents, particularly in the field of education. The province
sponsored the following program, “INEC Bill Mo Sagot Ko” and payment of miscellaneous
fees of indigent students for High School and Elementary who were enrolled in various
Public Schools of Ilocos Norte. Likewise also with the intermediate level, qualified indigent
students enrolled in Mariano Marcos State University for the Iskolar ni Manang Imee”
Program with a total recipients of 105 scholars and the old program Ilocos Norte Provincial
Scholars with a total recipient of 43 qualified scholars.
School buildings are constructed and improved. School materials such as books,
tablet armchairs, blackboards, hand tools are being purchased and distributed to different
schools in the province.
d) Development of Hospitals of the Province of Ilocos Norte:
The Province is also a recipient of the European Commission Grant for the upgrading
of rural health units to BEMONC/CEMONC facilities. Renovation of PHO Technical building
and construction of placenta pits of various municipalities.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Medical tools and Equipments are purchased and the different facilities of the district
hospitals are improved and repaired to provide better health services.
The Province has undertaken construction for the improvement of hospitals such as
Gov. Roque B. Ablan Hospital, Bangui District Hospitals and Dingras District Hospitals under
the loan program of HSDP-ADB/MDFO (Health Sector Development Program –Asian
Development Bank/Municipal Development Fund Office), which 50% loan, 30% grant and
20% equity.
e) Other Programs of the Province of Ilocos Norte:
Public Infrastructures include improvement, rehabilitation and construction of
provincial roads, bridges, schools and the like, on the different municipalities of the
Province.
Sports Development Program of the province has purchased additional sports
equipments provided to students especially for the provincial athletes and provision of the
training programs of athletes for the IRAA competition.
BASIS OF FINANCIAL STATEMENTS PRESENTATION
The Financial Statements have been prepared in accordance with the Generally Accepted
Accounting Principles and Standards and the application of the New Government Accounting
System, Third Edition which was adopted beginning October 2003.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The agency uses accrual basis of accounting. All expenses are recognized when
incurred and reported in the financial statements in the period to which they relate.
The costs of ending inventory of office supplies and materials and other inventory
items are computed using the First in-First out Method (FIFO)
Property Plant and Equipment are carried at cost less accumulated depreciation.
The Straight Line Method of depreciation is used in depreciating the Property Plant
and Equipment with estimated useful lives from three to fifty years. A residual value,
computed at ten percent of the cost of asset is set and depreciation starts on the
following month after date of purchase.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Payable accounts are recognized and recorded in the books of accounts only upon
acceptance of the fixed assets, inventory and rendition of services to the agency.
Accounts were reclassified to conform with new Chart of Accounts prescribed under
the New Government Accounting System which was implemented effective October,
2003.
Transactions in foreign currencies are recorded in Philippine Peso based on the
Bangko Sentral ng Pilipinas’ (BSP) rate of exchange prevailing at the date of the
transactions.
CORRECTION OF FUNDAMENTAL ERRORS
Fundamental errors of prior years are corrected by using the Prior Years’
Adjustments account. Errors affecting current year’s operation are charged to the current
year’s accounts.
Cash and Other Cash Accounts P 613,973,237.73
This account is broken down as follows:
2011 2010
Cash in Vault P 6,613,419.24 P 5,793,154.13
General Fund 3,253,437.23 3,534,600.18
Special Education Fund 336,970.41 1,418,464.13
Trust Fund 3,023,022.60 840,089.82
Payroll Fund 242,325.93 480,406.11
General Fund 42,414.97 460,816.69
Special Education Fund 0.00 0.00
Trust Fund 199,910.96 19,589.42
Cash in Bank–Loc. Cur.–C/A 178,670,013.94 178,670,013.94
General Fund 298,534,712.64 136,619,989.04
Special Education Fund 4,555,185.57 1,009,579.23
Trust Fund 61,682,976.83 41,040,445.67
Cash in Bank–Loc. Cur.–S/A 9,500,000.00 9,500,000.00
General Fund 0.00 0.00
Special Education Fund 0.00 0.00
Trust Fund 9,500,000.00 9,500,000.00
Cash in Bank–Loc. Cur.–T/D 232,618,692.61 242,321,150.42
General Fund 232,618,692.61 242,321,150.42
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Special Education Fund 0.00 0.00
Trust Fund 0.00 0.00
Cash in Bank-Foreign Cur.-S/A (US$5,090.13 @P46.20)
225,924.89 222,830.48
General Fund 225,924.89 222,830.48
Special Education Fund 0.00 0.00
Trust Fund 0.00 0.00
Totals P613,973,237.73 P436,987,555.08
Cash in Vault represents coins, bills and cash in the possession of the Provincial
Treasury which are proceeds of income and other receipts on the last working day of the
calendar year of 2011 and which are eventually deposited in bank in the first working day of
the next calendar period, January, 2012.
Payroll Fund represents cash advances by cash disbursing officers officially
designated. These cash advances are for the Provincial Employees’ RATA, TEV and other
benefits due to officers and employees and also includes the ATM payroll thru DBP the
salaries and wages of all officers and employees of PGIN.
Cash in Bank includes deposits in banking units: current, savings and time deposits in
PVB, DBP and Land Bank. Interests earned are debited to their corresponding bank
accounts. Time deposits are usually pre-terminated when needed. Below shows the
composition of the Cash in Bank account (see separate schedule).
Under the Special Education fund, the Provincial Government is maintaining only one
current account with the Land Bank of the Philippines, Laoag Branch.
Interest income earned in the bank is debited to its corresponding account - LBP Account
Number 0262-00144-10.
Receivables P 263,545,246.57
The amount is broken down as follows:
2011 2010
Receivable Accounts P234,796,577.50 P274,918,809.05
General Fund 228,510,783.45 268,779,034.50
Special Education Fund 0.00 0.00
Trust Fund 6,285,794.05 6,139,774.55
Inter-Agency Receivables 7,062,339.62 2,425,967.28
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
General Fund 3,527,182.40 1,542,100.14
Special Education Fund 3,535,157.22 883,867.14
Trust Fund 0.00 0.00
Intra-Agency Receivables 0.00 0.00
General Fund 0.00 0.00
Special Education Fund 0.00 0.00
Trust Fund 0.00 0.00
Other Receivables 4,872,831.84 4,872,831.84
General Fund 21,663,977.04 3,094,077.33
Special Education Fund 0.00 1,755,000.00
Trust Fund 22,352.51 773,754.51
Totals P263,545,246.67 P46,365,664.70
Receivable accounts include:
Loans Receivable, others under the General Fund and Trust Fund are various loan
assistance extended by the Provincial Government to indigents, farmers and cooperatives
from the different municipalities of the province for livelihood projects, livestock and
agricultural purposes amounting to P34,349,834.83. This has the purpose of uplifting the
Province’s economy and improve the income of its constituents.
Notes Receivable, are loans granted by Land Bank of the Philippines for the
loan/monetization of RA7171 for the current year’s 2002-2009 amounting to
P200,405,920.00 payable in seven (7) equal annual installments.
Due from Officers and Employees amounting to P 40,822.67 are those under
remittance of various collecting officers of the PGIN which includes the un-liquidated
shortage of Mr. Hope Taruc amounting to P 31,181.00.
Inter-agency Receivables include the following:
2011 2010
Due from NGAs P 9,116.97 P 9,116.97
Due from GOCCs 112,884.55 186,188.93
Due from LGUs 6,940,338.10 2,230,661.38
Total P 7,062,339.62 P 2,425,967.28
Due from National Government Agencies accounts are over-remittances / payment
to various NGA’s since 1993.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Due from GOCCs account represent over-remittances of PGIN employees’
contributions made in previous years to GSIS. There is an over-remittance when full
contributions are made on time for each month regardless of the presence of unforeseen
contingencies like employees’ demise, resignation, termination of service, retirement and
the like occurring after the remittance made. Written communications have been frequently
sent to GSIS to collect the refund and GSIS promise to refund the amount.
Due from Local Government Units are assessed local taxes due from various
municipalities as of December, 2011. Remittance is expected to be collected in the
succeeding month, January, 2012.
Other Receivables of P 4,872,831.84 includes the following:
Disallowances/charges of P1,263,178.00 pertains to unsettled accounts of previous
years and current year 2011. Collections and settlements have been effected through
staggered salary deductions from benefits of concerned officers and employees.
Other Receivables of P 142,352.34 which represent Bangui and Pagudpud District
Hospitals transferred receivable accounts of P 143,693.34 during the devolution and
unrecorded under remittance amounting to a negative P1,341.00 of Bangui District Hospital.
INVENTORIES P 4,682,819.62
Only the General Fund has Inventory balances.
The costs of ending inventory of office supplies and materials and other inventory
items are computed using the First in First out Method (FIFO). Supplies purchased on an
earlier date are consumed first before subsequent ones.
This account is composed of the following:
GENERAL FUND : 2011 2010
Office Supplies Inventory P 4,334,472.62 P 4,189,169.62
Accountable Forms Inventory 255,031.50 10,850.00
Medical, Dental & Lab Supplies Inventory. 20,000.00 27,300.00
Agricultural Supplies Inventory 0.00 1,000.00
Textbooks & Instructional Matl. Inventory 47,936.00 42,865.00
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Other Supplies Inventory 724,482.05 199,915.00
Total P 5,381,922.17 P 4,471,099.62
Office supplies are those supplies purchased for use at the Hotel and Convention
Center and supplies requested per office through purchase requests.
Accountable forms inventory are those forms purchased like official receipts and cash
tickets to be used at the Treasurer’s office.
Medical, Dental and Laboratory Supplies Inventory are those items for Provincial
Agriculture Office used.
Textbooks and Instructional Materials Inventory are those books purchased to be
used at the Provincial Library.
Other Supplies Inventory are those items purchased like kitchen utensils, grinding
machine and various items used by the utility workers.
PREPAYMENTS P 3,227,475.23
Prepayments are composed of the following:
2011 2010
Prepaid Insurance P 1,381,472.60 P 453,060.18
General Fund 1,381,472.60 453,060.18
Special Education Fund 0.00 0.00
Trust Fund 0.00 0.00
Advances to Contractors 1,669,957.70 732,950.01
General Fund 603,500.97 717,317.11
Special Education Fund 0.00 15,632.90
Trust Fund 1,066,456.73 0.00
Other Prepaid Expenses 176,044.93 150,733.79
General Fund 176,044.93 150,733.79
Special Education Fund 0.00 0.00
Trust Fund 0.00 0.00
Total P 3,227,475.23 P 1,336,743.98
Prepaid Insurance amounting P 1,381,472.60 are those unexpired portion of
Insurance Premiums for 2011.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Advances to Contractors of P 1,669,957.70 represents the 15% advance payment
made to AB Taylan Construction for the construction of Museo Ilocos food/retail annex Pjase
II and construction of Marcos Hall of Justice.
Other Prepaid Expenses of P 176,044.93 pertains to the unexpired portion of Fidelity
Bond Premiums.
OTHER CURRENT ASSETS P 100,000.00
Guaranty Deposits- deposit for gasoline container of Flying V installed at the
Motorpool in compliance with the terms and conditions.
PROPERTY, PLANT AND EQUIPMENT P 1,319,439,790.87
This account consists of:
Balance December 31, 2010
Net Addition/ (Reduction)
Balance December 31, 2011
Land P 121,629,279.26 P 4,034,556.00 P 125,663,835.26
Land Improvements 0.00 0.00 0.00
Buildings 619,977,906.53 125,994,817.07 745,972,723.60
Office Equipment, Furniture and Fixtures
107,147,978.57 23,315,957.21 130,463,935.78
Machineries and Equipment 263,947,516.75 4,873,359.43 268,820,876.18
Transportation Equipment 72,825,346.49 17,439,960.00 90,265,306.49
Other Property, Plant and Equipment
31,672,406.06 5,196,143.27 36,868,549.33
Construction in Progress 103,122,206.83 (40,050,306.09) 63,071,900.74
Total P1,320,322,640.49 P140,804,486.89 P1,461,127,127.38
Acc. Depreciation 105,915,849.24 35,771,487.27 141,687,336.51
Net Amount P1,214,406,791.25 P 105,032,999.62 P1,319,439,790.87
Fixed assets are valued at cost less depreciation.
Only assets acquired for the year 2002 to 2009 were subject to depreciation using
the straight-line method.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Constructions in Progress of P 63,071,900.74 are on-going projects which are
expected to be completed this year and for the succeeding years. The composition is as
follows:
CIP-Agency Assets P 34,905,055.40
CIP- Roads, Highways & Bridges 2,260,419.40
CIP- Other Public Infrastructures 25,906,425.94
Total P 63,071,900.74
Completed projects amounting to P 5,354,486.09 were closed to the Public
Infrastructures account which were duly recorded in the Registry of Public Infrastructures
then subsequently closed to the Government Equity account. The compositions are the
following:
Roads, Highways and Bridges P 2,352,840.49
Parks, Plazas and Monuments 1,965,295.24
Other Public Infrastructures 1,036,350.36
Total P 5,354,486.09
OTHER ASSETS P 5,829,376.08
Other Assets is broken down as follows:
2011 2010
GENERAL FUND :
Work/Other Animals P 964,000.00 P 964,000.00
Breeding Stocks 84,400.00 84,400.00
Other Assets 4,780,976.08 4,780,976.08
Total P 5,829,376.08 P 5,829,376.08
CURRENT LIABILITIES P 254,110,665.65
The total current liabilities are broken down as follows:
2011 2010
Payable Accounts P 93,095,739.04 P 32,339,150.15
General Fund 88,921,653.89 30,534,851.72
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Special Education Fund 4,124,286.72 1,755,000.00
Trust Fund 49,798.43 49,298.43
Inter-Agency Payable 49,897,974.50 21,518,001.61
General Fund 10,137,366.01 9,666,537.66
Special Education Fund 8,964.85 2,213.19
Trust Fund 39,751,643.64 11,849,250.76
Intra-Agency Payable 1,104,625.11 112,488.68
General Fund 1,000,000.00 0.00
Special Education Fund 0.00 0.00
Trust Fund 104,625.11 112,488.68
Other Liability Account 110,012,327.00 100,096,630.83
General Fund 74,423,685.03 60,683,789.28
Special Education Fund 0.00 0.00
Trust Fund 35,588,641.97 39,412,841.55
Total P254,110,665.65 P154,066,271.27
Payable accounts include Accounts Payable which comprises 36% of the total current
liabilities. This includes obligated vouchers for official purchases and payments of personal
services, utilities and other expenditures covered by the current year’s budget to be paid in
2012.
Inter-Agency Payables under the General Fund and Trust Fund, are un-remitted
contributions withheld from Provincial employees’ salaries for income taxes due to BIR,
premiums and loans due to GSIS , Pag-ibig, and Philhealth contributions. Remittance is to be
made in the month of January, 2012. Over and under remittance of Cooperative loan, GSIS
Loans and Premiums, Pag-Ibig Loans and Premiums and Due to BIR shall be adjusted to
employees’ concerned and shall take effect on January to February, 2011. This also includes
the Creditable Income Tax (CIT) and Value Added Tax (VAT) withheld from various
creditors/suppliers for taxes due to BIR. These also includes the grants given by the National
Agencies for the Government which are intended for projects under Trust Fund account.
Intra-Agency Payables represents Due to Other Funds of which under General Fund
account amounting to P1,000,000.00 are the Priority Development Assistance Fund of Sen.
Loren Legarda which was deposited to General Fund account and be withdraw/transfer the
amount to Trust Fund account, and under Trust Fund account are those accumulated
interest earned from Trust Fund current account and awaiting the cash transfer to General
Fund account.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Other Liability Accounts totaling P 110,012,327.00. This amount pertains to subsidy
from other funds (Health Sector Development Program-Start up funds), Early Childhood Care
Development Program (ECCD) Local and National Counterpart, Provincial Project
Management Office (PPMO), Euro Support Grant and Department of Health counterpart and
Guaranty Deposit Payable which represent 10% retainer’s fee of contractors amounting
P4,467,342.11 and Performance/Bidders/Bail Bonds Payable in the amount of
P5,385,702.28, this is a liability arising from the receipt of cash bond to guarantee the
performance of a contract.
LONG- TERM LIABILITIES P 701,753,458.89
Long-Term Liability – Loans Payable, Domestic comprises the following:
2011 2010
Masaganang Ani Program Loan P 0.00 P 85,507.07
Development Bank of the Phil. - Hotel and Convention Center
440,813,524.70
440,813,524.70
MDFO Loan Tobacco Excise Tax (RA 7171)
54,248,220.64 200,405,920.00
44,020,622.70 240,487,104.00
Total P695,467,665.34 P725,406,758.47
The amount of P440,813,524.70 represents the loan from Development Bank of the
Philippines (DBP) for the Construction of Hotel and Convention Center and for the purchase
of furniture and fixtures and other facilities for said Hotel and Convention Center located at
Barangay Calayab, Laoag City.
Under MDFO Loans are loans granted by Asian Development Bank (ADB) amounting
P54,248,220.64 in favor of the Province for the construction/renovation of Governor Roque
Ablan Sr. Memorial Hospital, Bangui District Hospital and Dingras District Hospital. Another
loan from the Land Bank of the Philippines (LBP) amounting P200,405,920.00. This
represents the loan/monetization of RA 7171, the unreleased 15% excise tax covering the
period 2002 to 2009 from Virginia Tobacco Excise Tax but this covered by Notice of Payment
Schedule issued by Department of Budget and Management.
DEFERRED CREDITS P 6,285,793.55
This account is broken down as follows:
2011 2010
Deferred Real Tax Income P 0.00 P 154,187.58
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Other Deferred Credits 6,285,793.55 14,304,408.65
Total P 6,285,793.55 P 14,458,596.23
Other deferred credits account under the Trust Fund amounting to
P6,285,793.55 represents Congressional Fund, Agricultural Fund from Department of
Agriculture, Cooperative Fund to be granted as loans to various farmer beneficiaries of the
Province and the Self Employment Assistance Program (SEAP) for capital assistance.
EQUITY P 1,255,632,924.21
The Government Equity Account amounting to P1,255,632,924.21 represents the
difference between the assets and liabilities of the Province.
Retained Operating Surplus under the General Fund is P85,243,464.48 and Special
Education Fund is P758,904.41 and available for appropriations for the following year.
There were public infrastructures transferred to the Registry of Public Infrastructures
during the year amounting to P5,354,486.09.
The Government Equity is itemized as follows:
2011 2010
Government Equity, Beg. P 1,051,629,268.21 P 794,096,116.07
Add/Deduct:
Retained Operating Surplus
Current Operations 190,519,530.90 215,826,885.96
Gain on sale of assets 1,555,481.00
Prior Year's Adjustments 11,146,571.44 48,604,770.62
Subsidy from DOH(MDFO) 6,136,558.75
Transfers to Registry (5,354,486.09) (6,898,504.44)
Government Equity, End P1,255,632,924.21 P1,051,629,268.21
INCOME ACCOUNTS P 989,505,211.00
The income accounts composed of:
2011 2010
Local Taxes P 46,295583.10 P 39,607,433.63
Permits and Licenses 3,954,599.55 3,089,368.40
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Service Income 21,167,577.30 6,683,474.24
Business Income 26,821,721.55 20,862,150.81
Other Income Gain on Sale of Assets
7,957,137.16 1,555,481.00
3,535,839.24 118,400.00
Internal Revenue Allotment 665,294,854.00 615,333,076.00
Share from PAGCOR/PCSO 5,393,100.59 521,725.17
Share from Tobacco Excise Tax 204,928,598.00 322,737,494.00
Subsidy from DOH 6,136,558.75 8,262,131.42
Total P 989,505,211.00 P 1,020,751,092.91
The decrease in total income by P 31,245,881.91 was brought about by the decrease
in the rentals of properties, subsidies and share from tobacco excise tax received during the
year.
EXPENDITURE ACCOUNTS P 794,129,811.20
The Expenditure accounts consist of:
2011 2010
Personnel Services P 268,084,126.84 P 253,219,899.05
Maintenance and Other Operating Expenses 523,102,620.37 550,316,940.87
Financial Expenses ___106,893.14 ___1,387,367.03
Total P 791,293,640.35 P 804,924,206.95
The decrease in expenditures by P 13,630,566.60 was mainly attributed to the
decreased in other maintenance and operating expenses account 969 and electricity
expense (767) during the year.
The consolidated condensed post closing balance sheet of CY 2011 and the comparison to CY
2010 are shown as follows:
CONSOLIDATED DETAILED POST CLOSING BALANCE SHEET
As of year ended December 31, 2011
TOTAL GENERAL FUND SEF TRUST FUND
ASSETS
CURRENT ASSETS
Cash 613,973,237.73 534,675,182.34 4,892,155.98 74,405,899.41
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Receivables 263,545,246.67 253,701,942.89 3,535,157.22 6,308,146.56
Inventories 5,126,890.67 5,126,890.67 - -
Prepayments 3,227,475.23 2,161,018.50 - 1,066,456.73
Other Current Assets 100,000.00 100,000.00 - -
Total Current Assets 885,972,850.30 795,765,034.40 8,427,313.20 81,780,502.70
INVESTMENTS & PROPERTY PLANT & EQUIPMENT
Land and Land Improvements 125,663,835.26 125,663,835.26 - -
Buildings 717,265,537.18 713,497,873.06 3,767,664.12 -
Office Equip’t., Furniture & Fixtures 101,060,658.16 97,969,875.66 3,090,782.50 -
Machineries and Equipment 196,931,702.33 196,396,102.16 535,600.17 -
Transportation Equipment 86,479,514.60 85,776,642.10 702,872.50 -
Other Property, Plant & Equipment 26,385,503.25 26,113,897.25 271,606.00 -
Construction in Progress 63,071,900.74 63,071,900.74 -
Total Property, Plant & Equipment 1,316,858,651.52 1,308,490,126.23 8,368,525.29 -
OTHER ASSETS
Other Assets 5,829,376.08 5,829,376.08 - -
Total Other Assets 5,829,376.08 5,829,376.08 - -
TOTAL ASSETS 2,208,660,877.90 2,110,084,536.71 16,795,838.49 81,780,502.70
LIABILITIES AND EQUITY
LIABILITIES
Current Liabilities
Payable Accounts 93,095,739.04 88,921,653.89 4,124,286.72 49,798.43
Inter-Agency Payable 49,897,974.50 10,137,366.01 8,964.85 19,751,643.64
Intra-Agency Payable 1,104,625.11 1,000,000.00 - 104,625.11
Other Liability Account 110,012,327.00 74,423,685.03 - 35,588,641.97
Long Term Liabilities 701,753,458.89 695,467,665.34 - 6,285,793.55
Total Liabilities 955,864,124.54 869,950,370.27 4,133,251.57 81,780,502.70
EQUITY
Government Equity 1,252,796,753.36 1,240,134,166.44 12,662,586.92 -
Total Equity 1,252,796,753.36 1,240,134,166.44 12,662,586.92 -
TOTAL LIABILITIES & EQUITY 2,208,660,877.90 2,110,084,536.71 16,795,838.49 81,780,502.70
BALANCE SHEET CY2011 vs. CY2010
2011 2010
Increase/(Decrease)
Amount %
CURRENT ASSETS
Cash 613,973,237.73 436,987,555.08 176,985,682.65 40.50%
Receivables 263,545,246.67 282,217,608.17 (18,672,361.50) 6.62%
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Inventories 5,126,890.67 4,682,819.62 444,071.05 9.48%
Prepayments 3,227,475.23 1,336,743.98 1,890,731.25 141.44%
Other Current Assets 100,000.00 100,000.00 - -
Total Current Assets 885,972,850.30 725,324,726.85 160,648,123.45 22.15%
INVESTMENTS & PROPERTY PLANT & EQUIPMENT
Land and Land Improvements 125,663,835.26 121,629,279.26 4,034,556.00 3.32%
Buildings 717,265,537.18 606,631,380.56 110,634,156.62 18.24%
Office Equipment, Furniture & Fixtures 101,060,658.16 96,389,545.97 4,671,112.19 4.85%
Machineries and Equipment 196,931,702.33 193,743,974.70 3,187,727.63 1.65%
Transportation Equipment 86,479,514.60 69,915,945.58 16,563,569.02 23.69%
Other Property, Plant & Equipment 26,385,503.25 22,974,458.35 3,411,044.90 14.85%
Construction in Progress 63,071,900.74 103,122,206.83 (40,050,306.09) (38.84%)
Total Property, Plant & Equipment 1,316,858,651.52 1,214,406,791.25 102,451,860.27 8.44%
OTHER ASSETS
Other Assets 5,829,376.08 5,829,376.08 - -
Total Other Assets 5,829,376.08 5,829,376.08 - -
TOTAL ASSETS 2,208,660,877.90 1,945,560,894.18 263,099,983.72 13.52%
INCOME
The Provincial Government of Ilocos Norte’s revenues for CY2011 lies mostly on the
performance of the Office of the Provincial Treasurer as the main revenue collection arm of
the province. This is determined by the collection estimates as set in the Annual Budget and
by the target assigned by the Department of Finance, Bureau of Local Government Finance.
The collection target given by the DOF, BLGF includes that of the different municipalities of
the province and is broken down into four categories, namely: Real Property Tax, Tax on
Business, Fees and Charges (Non-Tax-Revenue) and Economic Enterprise. However, to
achieve the targets as set and given, administrative and operational goals have been set as
presented in the Work Plans and Programs and is categorically divided as Revenue
Generation and Resource Mobilization Program, Financial Accountability and Discipline, LGU
Capability Building, Internal Administration and Special Projects.
The following are the performance on the various provincial impositions under each
category, to wit:
PPAs CY 2011 CY 2010 % Increase/ (Decrease)
LGU REVENUE GENERATION & RESOURCE MOBILIZATION PROGRAM
Revenue Target Setting Allocated collection target to the different municipalities
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Real Property Tax Business Tax Fees and Charges Economic Enterprise
102,350,000.00 61,700,000.00 52,000,000.00 62,100,000.00
81,500,000.00 48,600,000.00 47,900,000.00 70,100,000.00
20% 27% 9%
(13%)
Revenue Collection Monitored collection efficiency from: Real Property Tax Business Tax Non-Tax Revenues Economic Enterprise
102,619,592.45 64,465,178.16 83,308,738.72 68,347,787.88
92,265,312.17 57,687,920.47 52,321,898.80 59,721,700.31
13% 11% 59% 14%
Review of Municipal Tax Ordinances Assisted the Sangguniang Panlalawigan in the review and updating of tax ordinances
9 LGUs 9 LGUs
Formulated Collection Strategies Created and deployed collection teams within the province Monitored/analyzed and evaluated performance of local
impositions Maintained and updated data bank of delinquencies Followed up COA Annual Audit reports deficiencies/adverse
findings of municipal treasury offices and evaluate courses of action taken if sufficient
3 teams
4 reports/qtr.
1
100% of COA AAR
3 teams
4 reports/qtr.
1
100% of COA AAR
FINANCIAL ACCOUNTABILITY AND DISCIPLINE Revenue Audit
Conducted and submitted report on: Revenue Audit and Evaluation Created Revenue Audit & Evaluation Teams Monitored prompt remittances of national collections and other statutory obligations Prepared and/or submitted reports Quarterly RPTC Quarterly eSRE with Annexes Masterlist of Retired Businesses Ensured bonding of accountable officers & employees
5 2 teams
100% of
collections
2 8 1
100% bonded officers/empls.
5 2 teams
100% of
collections
2 8 1
100% bonded officers/empls.
LGU CAPABILITY BUILDING
Manpower Development Attended trainings/conferences sponsored by PHALTRA, BLGF
and other agencies Attended Inter-Agency Meetings
Local Finance Committee Bids and Awards Committee
100% of invitations
100% 100%
100% of invitations
100% 100%
INTERNAL ADMINISTRATION Prepared and submitted the following:
Unit Performance Evaluation Work Plans and Programs Updated Personal Data Sheet Latest Statement of Assets and Liabilities
Consolidated reports of LGUs on: Approved Unit Performance Evaluation
Conducted the following activities: Staff meeting Meeting with the Municipal Treasurers
2 1 1
All
All
6 regular 2 emergency
12 regular
2 1 1
All
All
6 regular 2 emergency
12 regular
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Performance evaluation of PTO employees Inventory of office equipment
Reviewed and approved the following: UPEs of all municipalities
Indorsed requests for the issuance of designation and extension orders of recommended OICs/Cos/Acting and appointments
2 emergency 1 1
22
3 OIC MT
2 emergency 1 1
22
1 ICO MT
IMPLEMENTATION OF SPECIAL PROJECTS Maintain RPTA Records of LGUs that have undergone Tax Mapping Projects
100% of LGUs 100% of LGUs
The details of the provincial income as reflected in the consolidated post-closing
detailed statement of income for the period ended 31 December 2011 as provided by the
Provincial Accounting Office is shown below:
CONSOLIDATED DETAILED STATEMENT OF INCOME General Fund, Special Education Fund
For the period ended December 31, 2011
TOTAL GENERAL FUND SEF
INCOME:
National Taxes
Professional Tax 141,775.64 141,775.64
Total National Taxes 141,775.64 141,775.64
Local Taxes
Amusement Tax 1,774,945.40 1,579,695.90
Franchise Tax 1,077,945.40 1,077,945.40
Occupation Tax 29,078.60 29,078.60
Property Transfer Tax 580,160.60 580,160.60
Real Property Tax 15,229,081.14 15,229,081.14
Tax on Delivery Trucks and Vans 1,285,000.00 1,285,000.00
Tax on Sand, Gravel & Other Quarry Products
4,277,080.50 4,277,080.50
Fines and Penalties - Local Taxes 281,979.81 281,979.81
Special Education Tax 21,618,800.62 - 21,618,800.62
Total Local Taxes 46,153,807.46 24,535,006.84 21,618,800.62
Permits and Licenses
Permit Fees 3,747,429.44 3,747,429.44
Registration Fees 68,400.00 68,400.00
Other Permit and Licenses 49,982.01 49,982.01
Fines and Penalties - Permit & Licenses 88,788.10 88,788.10
Total Permits and Licenses 3,954,599.55 3,954,599.55
Service Income
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Clearance/Certification Fees 859,350.50 859,350.50
Inspection Fees 1,452,833.73 1,452,833.73
Library Fees 9,394.00 9,394.00
Medical, Dental and Laboratory Fees 18,711,744.07 18,711,744.07
Processing Fees 131,175.00 131,175.00
Other Service income 3,080.00 3,080.00
Total Service Income 21,167,577.30 21,167,577.30
Business Income
Hospital Fees 19,151,914.40 19,151,914.40
Rent Income 2,532,254.35 2,532,254.35
Other Business Income 5,069,387.25 5,069,387.25
Fines and Penalties – Other Business income
68,165.55 68,165.55
Total Business Income 26,821,721.55 26,821,721.55
Subsidy Income
Other Income
Insurance Income - -
Interest Income 6,937,159.34 6,917,332.47 19,826.87
Internal Revenue Allotment 665,294,854.00 665,294,854.00
Share from National Wealth 45,334.00 45,334.00
Share from PAGCOR/PCSO 5,393,100.59 5,393,100.59
Share from Tobacco Excise Tax 204,928,598.00 204,928,598.00
Share from Tobacco Excise Tax – Monetized RA 7171
- -
Miscellaneous Income 973,643.82 973,643.82
Other Fines and Penalties 1,000.00 1,000.00
Total Other Income 883,573,689.75 883,553,862.88 19,826.87
TOTAL INCOME 981,813,171.25 960,174,543.76 21,638,627.49
COMPARATIVE STATEMENT OF INCOME CY 2011 AND CY2010
CY 2011 CY 2010
INCREASE / (DECREASE)
INCOME:
National Taxes
Professional Tax 141,775.64 - 141,775.64
Total National Taxes 141,775.64 - 141,775.64
Local Taxes
Amusement Tax 1,774,945.40 1,579,695.90 195,249.50
Franchise Tax 1,077,945.40 25,059.36 1,052,886.04
Occupation Tax 29,078.60 142,897.00 (113,818.40)
Property Transfer Tax 580,160.60 599,921.96 (19,761.36)
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Real Property Tax 15,229,081.14 13,376,919.68 1,852,161.46
Tax on Delivery Trucks and Vans 1,285,000.00 1,273,900.00 11,100.00
Tax on Sand, Gravel & Other Quarry Products
4,277,080.50 4,468,882.30 (191,801.80)
Fines and Penalties - Local Taxes 281,979.81 324,190.29 (42,210.48)
Special Education Tax 21,618,800.62 17,815,967.14 3,802,833.48
Total Local Taxes 46,153,807.46 39,607,433.63 6,546,373.83
Permits and Licenses
Permit Fees 3,747,429.44 2,834,399.13 913,030.31
Registration Fees 68,400.00 120,150.00 (51,750.00)
Other Permit and Licenses 49,982.01 39,141.14 10,840.87
Fines and Penalties - Permit & Licenses 88,788.10 95,678.13 (6,890.03)
Total Permits and Licenses 3,954,599.55 3,089,368.40 865,231.15
Service Income
Clearance/Certification Fees 859,350.50 846,342.90 13,007.60
Inspection Fees 1,452,833.73 1,316,239.15 136,594.58
Library Fees 9,394.00 185.00 9,209.00
Medical, Dental and Laboratory Fees 18,711,744.07 4,402,262.19 14,309,481.88
Processing Fees 131,175.00 117,755.00 13,420.00
Other Service income 3,080.00 690.00 2,390.00
Total Service Income 21,167,577.30 6,683,474.24 14,484,103.06
Business Income
Hospital Fees 19,151,914.40 15,594,104.84 3,557,809.56
Rent Income 2,532,254.35 3,618,747.25 (1,086,492.90)
Other Business Income 5,069,387.25 1,568,034.86 3,501,352.39
Fines and Penalties – Other Business income
68,165.55 81,263.86 (13,098.31)
Total Business Income 26,821,721.55 20,862,150.81 5,959,570.74
Subsidy Income
Other Income
Insurance Income - 17,000.00 (17,000.00)
Interest Income 6,937,159.34 2,859,539.08 4,077,620.26
Internal Revenue Allotment 665,294,854.00 615,333,076.00 49,961,778.00
Share from National Wealth 45,334.00 - 45,334.00
Share from PAGCOR/PCSO 5,393,100.59 521,725.17 4,871,375.42
Share from Tobacco Excise Tax 204,928,598.00 82,250,390.00 122,678,208
Share from Tobacco Excise Tax – Monetized RA 7171
- 240,487,104.00 (240,487,104.00)
Miscellaneous Income 973,643.82 654,260.16 319,383.66
Other Fines and Penalties 1,000.00 5,040.00 (4,040.00)
Total Other Income 883,573,689.75 942,128,134.41 (58,554,444.66)
TOTAL INCOME 981,813,171.25 1,012,370,561.49 (30,557,390.24)
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
EXPENDITURES The PGIN expended a total of P794,129,811.20 for CY 2011, a slight decrease of
P10,794,395.75 as compared to the previous year’s expenditures of P804,924,206.95.
Maintenance and Other Operating Expenses accounted for the biggest slice of the
expenditures at 66.23% while 33.76% was spent for Personal Services and 0.01% on Financial
Expenses. It should be noted however that the MOOE for the year sustained a reasonable
decrease as that of last year (P24,925,270.60) mostly due to the sizeable decline in Subsidies
& Donations and Losses incurred.
The increase in Personal Services is attributed to the granting of second tranche of
the Salary Standardization Law III (SSL3) program wherein increase in salary among
government employees will be subdivided into four yearly tranches starting January 1, 2010.
This is however mitigated by the move of the Governor of streamlining the provincial
bureaucracy.
The detail of the provincial government’s spending for CY 2011 and the comparison
to expenditures for CY 2010 are shown in the following tables:
CONSOLIDATED DETAILED STATEMENT OF EXPENSES General Fund, Special Education Fund
For the period ended December 31, 2011
TOTAL GENERAL FUND SEF
EXPENSES:
Personal Services
Salaries and Wages-Regular 150,492,483.98 150,492,483.98 -
Salaries and Wages-Casual 25,952,595.14 25,952,595.14 -
Personnel Economic Relief Allowance 17,873,516.19 17,873,516.19 -
Representation Allowance (RA) 2,519,100.00 2,519,100.00 -
Transportation Allowance (TA) 1,754,200.00 1,754,200.00 -
Clothing/Uniform Allowance 2,964,000.00 2,964,000.00 -
Productivity Incentive Benefits - - -
Cash Gift 3,697,500.00 3,697,500.00 -
Year End Bonus 12,451,502.50 12,451,502.50 -
Life and Retirement Insurance Contributions 17,879,770.73 17,879,770.73 -
PAG-IBIG Contributions 896,817.72 896,817.72 -
PHILHEALTH Contributions 1,717,787.50 1,717,787.50 -
ECC Contributions 864,350.67 864,350.67 -
Terminal Leave Benefits 5,507,257.57 5,507,257.57 -
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Health Workers Benefits 3,721,085.44 3,721,085.44 -
Other Personnel Benefits 19,792,159.40 19,792,159.40 -
Total Personnel Services 268,084,126.84 268,084,126.84 -
Maintenance & Other Operating Expenses
Travelling Expense-Local 6,310,952.53 4,085,046.03 2,225,906.50
Travelling Expense-Foreign 681,622.60 681,622.60
Training Expense 943,510.00 703,910.00 239,600.00
Office Supplies Expense 29,635,612.94 27,145,676.44 2,489,936.50
Accountable Forms Expense 318,625.00 316,875.00 1,750.00
Animal/Zoological Supplies Expense - - -
Food Supplies Expense 7,242,699.35 7,242,699.35 -
Drugs & Medicines Expense 13,843,587.19 13,704,077.99 13,509.20
Medical, Dental & Laboratory Supplies Expense
11,640,095.82 11,340,095.82 300,000.00
Gasoline, Oil, Lubricants Expense 9,237,634.51 9,237,634.51 -
Textbooks & Instructional Materials Expense 4,699,817.00 - 4,699,817.00
Other Supplies Expense 1,457,373.05 477,808.05 979,565.00
Water Expense 1,833,987.65 1,833,987.65 -
Electricity Expense 21,384,957.53 17,755,306.67 3,629,650.86
Cooking Gas Expense 565,404.95 565,404.95 -
Postage and Deliveries 116,425.80 116,425.80 -
Telephone Expense-Landline 1,806,662.81 1,806,662.81 -
Telephone Expense-Mobile 1,587,786.59 1,587,786.59 -
Internet Expense 738,413.67 738,413.67 -
Cable, Satellite, Telegraph & Radio Equipment
600.00 600.00 -
Membership Dues & Contributions to Organizations
361,600.00 361,600.00 -
Advertising Expense 506,661.60 506,661.60 -
Printing and binding Expense 10,312.50 10,312.50
Subscriptions Expense 65,375.00 65,375.00 -
Consultancy Expense 402,500.00 402,500.00 -
Security Services 779,700.00 779,700.00 -
Repairs and Maintenance – Office Buildings 4,264,280.82 3,264,280.82 1,000,000.00
Repairs and Maintenance – School Buildings 4,723,600.91 - 4,723,600.91
Repairs and Maintenance – Hospitals & Health Centers
113,885.25 113,885.25 -
Repairs and Maintenance – Other Structures 17,904.00 17,904.00 -
Repairs and Maintenance – Office Equipment 697,925.28 697,925.28 -
Repairs and Maintenance – IT Equipment & Software
132,009.00 132,009.00 -
Repairs and Maintenance – Construction and Heavy Equipment
828,541.25 828,541.25 -
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Repairs and Maintenance –Medical, Dental, Laboratory Equipment
308,000.00 308,000.00 -
Repairs and Maintenance – Technical and Scientific Equipment
- - -
Repairs and Maintenance – Other Machineries and Equipment
25,140.00 25,140.00 -
Repairs and Maintenance – Motor Vehicles 2,178,250.20 2,178,250.20 -
Repairs and Maintenance –Roads, Highways & Bridges
1,294,661.52 1,294,661.52
Repairs and Maintenance – Parks, Plazas, Monuments
- - -
Repairs and Maintenance – Other Public Infra - - -
Subsidy to National Government Agencies 2,531,354.68 2,531,354.68
Subsidy to LGU’s 1,518,000.00 1,518,000.00 -
Donations 3,120,950.00 3,120,950.00 -
Extraordinary Expense 269,472.63 269,472.63 -
Taxes, Duties and Licenses 455,644.31 455,644.31
Fidelity Bond Premiums 511,299.78 511,299.78 -
Insurance Expense 2,493,807.23 2,413,859.63 79,947.60
Depreciation – Office Buildings 144,361.83 144,361.83 -
Depreciation – Hospitals & Health Centers 270,620.96 270,620.96 -
Depreciation – Other Structures 12,635,159.27 12,635,159.27 -
Depreciation – Office Equipment 3,878,378.77 3,619,202.69 259,176.08
Depreciation – Furniture and Fixtures 4,506,401.50 4,506,401.50
Depreciation – IT Equipment and Software 1,268,802.84 1,240,764.24 28,038.60
Depreciation – Library 26,616.34 26,616.34 -
Depreciation – Machinery 395,565.61 395,565.61 -
Depreciation – Agricultural, Fishery, Forestry Equipment
117,353.41 -
Depreciation – Communication Equipment 227,987.29 -
Depreciation – Firefighting Equipment and Accessories
194,097.55 -
Depreciation – Hospital Equipment 5,713,658.27 -
Depreciation – Medical, Dental and Laboratory Equipment
2,094,043.93 -
Depreciation – Military and Police Equipment 32,752.20 -
Depreciation – Sports Equipment 238,078.09 -
Depreciation – Technical and Scientific Equipment
22,252.82 -
Depreciation – Other Machineries and Equipment
1,614,488.20 1,610,348.20 4,140.00
Depreciation – Motor Vehicles 875,892.98 800,472.98 75,420.00
Depreciation – Other Transportation Equipment
498.00 498.00 -
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Depreciation – Other Property, Plant and Equipment
1,785,098.37 1,666,248.87 118,849.50
Loss of Assets 1,848,367.77 1,848,367.77
Other Maintenance & Operating Expenses 108,145,391.54 108,110,864.54 34,527.00
Other Maintenance & Operating Expenses – 20% Development Fund
76,100,523.65 76,100,523.65 -
Other Maintenance & Operating Expenses – Calamity Fund
33,505,617.04 33,505,617.04 -
Other Maintenance & Operating Expenses – RA 7171
102,017,019.77 102,017,019.77 -
Other Maintenance & Operating Expenses – Special Office
26,623,118.27 26,623,118.27 -
Other Maintenance & Operating Expenses – Special Consultancy Services
- - -
Total MOOE 525,938,791.22 501,788,406.47 24,150,384.75
Financial Expenses
Bank Charges 106,893.14 106,893.14 -
Total Financial Expenses 106,893.14 106,893.14 -
TOTAL EXPENSES 794,129,811.20 769,979,426.45 24,150,384.75
COMPARATIVE STATEMENT OF EXPENDITURES CY 2011 AND CY2010
EXPENSE ACCOUNT CY 2011 CY 2010 INCREASE / (DECREASE)
PERSONAL SERVICES
Salaries and Wages 176,445,079.12 162,097,339.40 14,347,739.72
Other Compensation 41,259,818.69 22,405,530.21 18,854,288.48
Personnel Benefits Contributions 21,358,726.62 50,654,129.38 (29,295,402.76)
Other Personnel Benefits 29,020,502.41 18,062,900.06 10,957,602.35
TOTAL PERSONAL SERVICES 268,084,126.84 253,219,899.05 14,864,227.79
MAINTENANCE AND OTHER OPERATING EXPENSES
Travelling Expenses 6,992,575.13 4,502,851.11 2,489,724.02
Training and Seminar Expenses 943,510.00 1,190,303.00 (246,793)
Supplies and Materials Expenses 78,075,444.86 79,005,162.38 (929,717.520
Utility Expenses 23,784,350.13 16,069,365.17 7,714,984.96
Communication Expenses 5,193,837.97 3,713,590.16 1,480,247.81
Professional Services 1,182,200.00 870,133.75 312,066.25
Repairs & Maintenance - Buildings 9,119,670.98 914,773.30 8,204,897.68
Repairs & Maintenance - Office Equipment & Fixtures
829,934.28 1,022,773.19 (192,838.91)
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
Repairs & Maintenance – Machineries & Equipment
1,161,681.25 1,939,100.11 (777,418.86)
Repairs & Maintenance – Transportation Equipment
2,178,250.20 6,320,217.29 (4,141,967.09)
Repairs & Maintenance – Other Public Infra 1,294,661.52 1,529,773.43 (235,111.91)
Subsidies and Donations 7,170,304.68 15,367,581.83 (8,197,277.15)
Extraordinary Expenses 269,472.63 243,863.06 25,609.57
Insurance Expenses 3,460,751.32 2,484253.09 976,498.23
Depreciation
Buildings 13,050,142.06 9,940,979.40 3,109,162.66
Office Equipment, Furniture & Fixtures 9,680,199.45 7,111,547.17 2,568,652.28
Machineries and Equipment 10,650,277.37 10,831,361.77 (181,084.40)
Transportation Equipment 876,390.98 608,705.48 267,685.50
Other Property, Plant and Equipment 1,785,098.37 1,891,376.39 (106,278.02)
Losses 1,848,367.77 29,522,584.60 (27,674,216.83)
Other Maintenance & Operating Expenses 346,391,670.27 355,236,645.19 (8,844,974.92)
TOTAL MOOE 525,391,670.27 550,316,940.87 (24,925,270.6 )
FINANCIAL EXPENSES
Bank Charges 106,893.14 1,387,367.03 (1,280,473.89)
TOTAL FINANCIAL EXPENSE 106,893.14 1,387,367.03 (1,280,473.89)
TOTAL EXPENSES 794,129,811.20 804,924,206.95 (10,794,395.75)
TOTAL GENERAL FUND SEF
Total Income 971,813,171.25 960,174,543.76 21,638,627.49
Less: Total Expenses 794,129,811.20 769,979,426.45 24,150,384.75
Total Income 187,683,360.05 190,195,117.31 (2,511,757.26)
Add: Subsidies from DOH 6,136,558.75 6,136,558.75 -
Total 193,819,918.80 196,331,676.06 (2,511,757.26)
Add: Gain on Sale of Disposed Assets 1,555,481.00 1,555,481.00 -
NET INCOME, as of December 31, 2011 195,375,399.80 197,887,157.06 (2,511,757.26)
As shown in the Comparative Statements of Income and Expenses below, the
provincial government posted a decrease in income as compared to last year
(P30,557,390.24). It should be noted however that revenues from local sources increased
during the year (P27,997,054.42) and that the decrease in revenues is in most part due to
the monetization of RA7171 proceeds of last year.
ANNUAL STATE OF LOCAL GOVERNANCE REPORT 2011
0 100 200 300 400 500 600 700 800 900 1,000 1,100
20102011
Expenditures, 2010
Expenditures, 2011
Revenues, 2010
Revenues, 2011
MILLION
The provincial government also posted a decrease in overall spending to a total of
P10,912,795.75 from CY2010, over-all we still managed to generate a modest net income of
P195,375,399.80 for CY 2011.
Figure 1 shows a comparison of the revenues and expenditures for CY 2011 and 2010
P 1,020,632,692.91
P 805,042,606.95
P 794,129,811.20
P 989,505,211.00