9. Biological Assets
Biological Assets 2024 2023
Breeding Stocks ₱ 0.00 ₱ 550,000.00
Trees, Plant and Crops 0.00 39,350.00
Total ₱ 0.00 ₱ 589,350.00
Biological Assts were dropped from Books due to the fact that those Assets were already
distributed to the beneficiaries, no need to update since ownership and MOA have been
signed by LGU and respective beneficiaries.
10. Financial Liabilities
Current Financial Liabilities
Accounts Payable ₱ 17,522,559.52 ₱ 9,647,689.12
Due to Officers and Employees 398,759.48 2,991,091.85
Total, Current Financial Liabilities ₱ 17,921,319.00 ₱ 12,638,780.97
Non-Current Financial Liabilities
Loans Payable – Domestic ₱ 0.00 ₱ 0.00
11. Inter-Agency Payables
Inter-Agency Payables
Due to BIR ₱ 2,362,370.63 ₱ 2,778,358.28
Due to GSIS 570,507.89 647,941.62
Due to Pag-IBIG 112,721.82 108,548.04
Due to PhilHealth 388,962.58 366,509.62
Due to NGAs 20,004,500.57 31,245,857.95
Due to GOCCs 72,355.25 72,355.25
Due to LGUs 5,730,775.76 6,154,760.62
Total ₱ 29,242,194.50 ₱ 41,374,331.38
The first four accounts represent the amount deducted from the salaries of officials and
employees and is remitted to the respective government agencies immediately on the
month following the month for which these were deducted. While the remaining accounts
represents balances of funds received by the LGU for specific purposes.
During the immediately succeeding month, i.e. January 2025, the following remittances
were made:
Particulars Total
Remittance to BIR ₱ 2,351,307.74
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