Loans Receivables – Others in the amount of ₱1,950,000.00 represent the amount
extended to farmer-beneficiaries to augment their income through livelihood projects.
Other Receivables include KKK collectibles amounting to ₱ 53,342.30, ₱ 280,000
representing the amount extended to farmer-beneficiaries to augment their income through
livelihood projects, and ₱3,218.77 from various creditors aged two to ten years..
Accounts receivable include collectibles from sellers of lots procured for the
development of the New Dumaguete International Airport. These are taxes and fees paid by
the municipality on behalf of the lot owners which are deductible from their final payment.
Final payment shall be given only after the certificate of title has already been transferred
under the name of the Department of Transportation
Due from Other Funds include funds transferred/disbursed by the General Fund to
pay off the loans booked in the Trust Fund. This account is still subject to verification and
reconciliation.
Note 6 – Inventories
This account consists of the following:
2024 2023
Inventory Held for Distribution
Agricultural Produce for Distribution ₱ 819,832.50 ₱ 819,832.50
Other Supplies and Materials for 9,300.00 0.00
Distribution
Inventory Held for Consumption
Office Supplies Inventory 226,929.79 127,217.28
Accountable Forms, Plates and Stickers 167,079.10 132,072.00
Animal/Zoological Supplies Inventory 0.00 23,600.00
Drugs and Medicines Inventory 1,244,290.94 328,471.75
Medical, Dental and Laboratory Supplies 97,872.50 137,849.00
Inventory
Chemical and Filtering Supplies Inventory 56,000.00 55,850.00
Other Supplies and Materials Inventory 615,438.15 192,020.30
Total Inventories ₱ 3,236,742.98 ₱ 1,816,912.83
Inventories are measured at the lower of cost and net realizable value. The total
amount of inventories recognized as an expense for CY 2024 is ₱7,908,615.29.
16
