Note 5 – Receivables
This account consists of the following:
Current: 2024 2023
Loans and Receivable Accounts
Accounts Receivable ₱ 0.10 ₱ 8.10
Real Property Tax Receivable 16,457,191.00 13,998,199.92
Special Education Tax Receivable 15,005,981.75 13,776,486.21
₱ 31,463,172.85 ₱ 27,774,694.23
Inter-Agency Receivables
Due from National Government Agencies ₱ 0.00 ₱ 1,197.54
Intra-Agency Receivables
Due from Other Funds ₱ 57,587,066.14 ₱ 41,821,446.59
Advances
Advances for Operating Expenses ₱ 68,910.11 ₱ 251,340.11
Advances for Payroll 0.00 25,000.00
Advances for Officers and Employees 2,000.00 3,648.61
Advances for Special Disbursing Officer 525,000.00 48,966.66
₱ 595,910.11 ₱ 328,955.38
Other Receivables
Due from Officers & Employees ₱ 1,457,103.58 ₱ 1,457,016.02
Other Receivables 1,583,218.77 0.00
₱ 3,040,322.35 ₱ 1,457,016.02
Total Current Receivables ₱ 92,686,471.45 ₱ 71,383,309.76
Non-Current:
Loans and Receivable Accounts
Accounts Receivable ₱ 161,606.62 ₱ 159,434.04
Loans Receivable – Others 1,950,000.00 1,950,000.00
Inter-Agency Receivables
Due from National Government Agencies ₱ 32,385.90 ₱ 6,398.40
Due from Government-Owned and
Controlled Corporations 16,584.58 16,584.58
Due from Local Government Units 4,667.43 4,667.43
Total Inter-Agency Receivables
Other Receivables
Other Receivables ₱ 53,342.30 ₱ 336,561.07
Total Non-Current Receivables ₱ 2,218,586.83 ₱ 2,473,645.52
Total Receivables ₱ 94,905,058.28 ₱ 73,856,955.28
The account Due from Officers and Employees includes the amount of ₱1,449,957.87
which represents the amount due from Ms. Guadalupe M. Sumagka, former Designated
Liquidating Officer of the Office of the Municipal Treasurer. She was convicted last October
7, 2015, by the Office of the Ombudsman, and was meted the penalty of dismissal from the
service.
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