2024 2023
Financial Assistance/Subsidy to
Subsidy to NGAs ₱0.00 ₱120,000.00
Transfers to
Transfers of Unspent Current Year DRRM 21,738,421.71 18,519,378.88
Funds to the Trust Funds
Transfers for Project Equity Share/LGU
Counterpart 0.00 130,000.00
Total ₱21,738,421.71 ₱ 18,769,378.88
Note 27 – Non-Operating Income/(Losses)
Miscellaneous Income
Miscellaneous Income ₱2,931,923.73 ₱ 234,328.42
Losses
Loss of Assets (179,188,220.22) (795,416.57)
Total ₱(176,256,296.49) ₱ (561,088.15)
This account includes losses on disposition of various unserviceable items.
Note 28 - Changes in Net Assets/Equity
General Fund Special Trust Fund Total
Education Fund
Government Equity,
Beginning ₱3,797,390,933.56 ₱201,047,047.43 ₱30,876,548.37 ₱4,029,314,529.36
Adjustment of net revenue
recognized directly
in net assets/ equity
Adjustment on PY
Operation and Obligations 539,510.16 (4,472.66) (24,868,030.23) (24,332,992.73)
Issuance of PY Inventories (87,473,155.41) (1,133,414.70) (88,606,570.11)
Adjustment for erroneous
entry 537,291.00 537,291.00
Liquidation of PY Cash
Advances (1,946,798.71) (1,946,798.71)
PY-PPE Depreciation (214,129.94) (214,129.94)
Reclassification of Tangible
items w/cost below
₱50,000.00 from PPE to
Appropriate inventory
account (53,729.10) (53,729.10)
Transfer from Trust Fund
to General Fund various PPE 75,105,294.37 75,105,294.37
Dormant Liabilities 7,639,021.00 72,185.51
Unexpended balance
LDRRM Funds 2013, 2017
& 2018 11,618,392.74
28
