Note 11 – Inter-Agency Payables
This account consists of the following:
2024 2023
Current:
Due to BIR ₱ 926,363.43 ₱ 2,007,794.24
Due to GSIS (3,261.62) (1,659.56)
Due to Pag-IBIG 9,264.84 9,064.84
Due to PhilHealth 2,294.62 1,057.67
Due to NGAs 1,403,435,885.14 753,253,048.35
Due to GOCCs 3,010.00 3,010.00
Due to LGUs 30,059,201.65 17,529,002.53
Total Inter-Agency Payables ₱ 1,434,432,758.06 ₱ 772,801,318.07
The account Due to BIR represents the amount withheld from suppliers and
employees. Accounts Due to GSIS, Due to Pag-IBIG, and Due to PhilHealth represent the
amounts deducted from the salaries of officials and employees which were correspondingly
remitted to the respective government agencies on or before the 10 th day of the following
month. The remaining accounts represent balances of funds received by the LGU for specific
purposes. The Due to NGAs account includes the amount transferred by the Department of
Transportation to acquire right-of-way for to the development of the New Dumaguete
Airport.
Note 12 – Intra-Agency Payables
Due to Other Funds amounting to ₱40,497,936.31 and ₱30,075,393.73 for CYs 2024
and 2023, respectively, represents receipts of funds for the Special Education Fund,
Expansion of Waterworks System Level II, Debt Service, Transfer from General Fund-
Potable Water, and Transfer Assistance to Municipalities. This account is still subject to
verification and reconciliation.
Note 13 – Trust Liabilities
This account consists of the following:
Trust Liabilities ₱ 47,636,625.79 ₱ 49,290,171.95
Trust Liabilities – Disaster Risk Reduction
and Management Fund 16,337,694.87 17,389,827.77
Bail Bonds Payable 21,430.39 21,430.39
Guaranty/Security Deposits Payable 14,375,607.25 19,686,707.36
Customers’ Deposit Payable 776,834.14 720,724.14
Total Trust Liabilities ₱ 79,148,192.44 ₱ 87,108,861.61
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