Memoranda of Agreement executed between the LGU and the proponent government
agencies.
Due from LGUs Account represents Fund Transfers to LGU Tayasan as share for
BATMAN projects which was disbursed last September 2,2024 amounting to ₱300,000.00
and to LGU Bindoy for BINATA disbursed last December 5,2025.
Due from Officers and Employees represents cash shortage of the former treasurer,
Remegio Duran, Jr., of the Municipality which amounted to ₱2,455,634.08. The case is
now with Sandiganbayan. Recently, the family of Mr. Duran informed the office that he
died last October 2021 but his death certificate was not transmitted to the Municipal
Accounting Office for a request for write-off. The remaining balance of Php 239.10
represents shortages from collections, Net Pay of Rau Romano which was claimed during
his imprisonment last March 2024 which amounted to 3,049.68 and an advance collection
of the GSIS contributions.
For Year 2024 all advances to Special Disbursing Officer were all liquidated and Office of
the Mayors have submitted to Accounting office of the duly stamped received from COA
last December 18,2024.
As at December 31, 2024, the ageing analysis of current account receivables is as follows:
Neither Past due but not impaired
past due
Total 30-60
or <30 days >60 days
days
impaired
Real Property Tax
₱8,575,539.39 ₱0.00 ₱0.00 ₱0.00 ₱8,575,539.39
Receivable
Special Education Tax
8,575,539.39 0.00 0.00 0.00 8,575,539.39
Receivable
Loans Receivable – Others 4,206,183.81 0.00 181,250.00 0.00 4,024,933.81
Due from NGAs 426.17 0.00 0.00 0.00 426.17
Due from Other Funds 7,151,082.81 0.00 4,419,026.30 0.00 2,732,056.51
Due from LGUs 350,000.00 0.00 150,000.00 0.00 200,000.00
Due from Officers and
2,458,717.68 0.00 0.00 0.00 2,458,717.68
Employees
Other Receivables 420,204.75 0.00 0.00 0.00 420,204.75
Total ₱31,737,694.00 ₱0.00 ₱4,750,276.30 ₱0.00 ₱26,987,417.70
6. Inventories
Inventory Held for Sale 2024 2023
Merchandise Inventory ₱ 0.00 ₱ 36,000.00
Inventory Held for Distribution
Drugs and Medicines for Distribution 9,964,058.22 8,271,913.67
Agricultural and Marine Supplies for
1,854,050.00 956,050.00
Distribution
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