Accountable Forms Inventory consists of accountable forms with value and official receipts
are at the custody of the city treasurer, while Construction Materials are under the supervision
of the City Engineer. Physical inventory count is conducted by the LGU Inventory Committee
annually.
No inventory items were pledged as security during the current or prior financial year.
Note 8 - Prepayments and Deferred Charges
2024 2023
This account is composed of:
Advances to Contractors ₱121,587,327.54 ₱18,042,481.43
Prepaid Insurance 1,863,549.92 2,047,393.85
Other Prepayments 1,154,832.51 1,580,264.76
Total ₱124,605,709.97 ₱21,670,140.04
The CY 2024 account is further broken down into its current and non-current component as
follows:
Current Non-Current
Advances to Contractors ₱121,587,327.54 0.00
Prepaid Insurance 1,863,549.92 0.00
Other Prepayments 1,154,832.51 0.00
Total ₱124,605,709.97 0.00
Note 9 - Property, Plant and Equipment
Balance Balance
Net Addition/
December 31, December 31,
Reduction
2023 2024
Land ₱476,427,009.52 ₱32,584,500.00 ₱509,011,509.52
Land Improvements 32,284,063.56 (25,684,605.76) 6,599,457.80
Infrastructure Assets 470,787,602.30 (107,939,458.33) 362,848,143.97
Buildings and Other
727,842,248.63 6,302,052.01 734,144,300.64
Structures
Machinery and Equipment 316,288,871.51 24,787,622.02 341,076,493.53
Transportation Equipment 107,073.356.13 34,782,733.35 141,856,089.48
Furniture, Fixtures and
2,486,019.51 139,925.00 2,625,944.51
Books
Construction in Progress 375,965,020.96 290,083,345.79 666,048,478.86
Other Property, Plant and
Equipment 2,910,322.29 312,000.00 3,222,322.29
Total 2,512,064,514.41 2,767,432.740.60
Less: Accumulated
Depreciation (422,085,049.33) (419,548,755.24)
Net Amount ₱2,809,979,465.08 ₱2,347,883,985.36
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