Republic of the Philippines
Province of Negros Oriental
CITY OF BAIS
NOTES TO THE FINANCIAL STATEMENTS
As of December 31, 2024
Note 1 - Profile
The City of Bais was created under Republic Act (R.A.) No. 5444, otherwise known
as “An Act Converting the Municipality of Bais, Province of Negros Oriental into a
Component City to be known as the City of Bais. It is classified as a 3rd class city in
the Province of Negros Oriental. According to the May 2020 Census, it had a
population of 84,317 people . It is one of the six cities in the Province occupying the
eastern portion of Negros Island. It is bounded on the northwest by the Municipality
of Manjuyod; on the south by the City of Tanjay; on the east by Tañon Strait; and on
the southwest by the City of Bayawan. The entire City including its hinterland
barangay covers a land area of 31,690 hectares, or 5.86% of the total land area of
Oriental Negros.
Republic Act No. 7160, otherwise known as the Local Government Code of 1991,
has provided the city, like any other local government unit, the opportunity to become
self-reliant by spending its revenue based on the sources of income and be
independent and autonomous in planning, deciding and managing its own fiscal,
administrative and developmental affairs in conformity with the thrust of the national
government towards sustainable social economic growth.
The City is composed of 35 barangays, 13 of which are coastal, 10 are lowland and
12 are hinterland barangays. Its territorial jurisdiction includes 2 islets, which
separate North and South Bais Bays, the jump – off points of the now famous Bais
Dolphin Watching Tour.
The city has its economic enterprises in the General Fund: The Market Operation,
Slaughterhouse Operation, Tourism Operation and Solid Waste Management
Operation. The operation of Pump Boat Rental on Dolphin/Whale Watching
Activities is the primary source of income under the Tourism Operation. Bais City is
known as good destination for Dolphin and Whale Watching. As such, the Tourism
Operation Division under the Office of the Mayor has continued its commitment in
making Bais City an exciting unique destination that can provide tourists with
unforgettable travel experience. The revenue for the Solid Waste Management comes
from the sale of organic fertilizer, friendly soil and garbage fees.
Note 2 - Financial Statement Presentation
The consolidated financial statements of the LGU have been prepared in accordance
with and comply with the International Public Sector Accounting Standards (IPSAS).
The consolidated financial statements are presented in pesos, which is the functional
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