Balance, Remittance Unremitted
Account December 31, 2024 Date Amount Balance
Due to BIR ₱5,404,348.93 1/3,6,6&23/2025 6,834,124.44 (1,429,775.51)
Due to GSIS 2,465,430.67 1/10/2025 4,386,204.41 (1,920,773.74)
Due to Pag-IBIG 1,029,032.31 1/7,8,27/2025 447,199.37 581,832.94
Due to PhilHealth 464,054.70 1/7/2025 635,397.85 (171,343.15)
11. The City Accountant was not able to fully explain the discrepancies noted, but gave
assurance to investigate the reliability of their computerized carding system to which all
the deductions are recorded and subsequently extracted as basis for the remittance.
Further, the office was not able to prepare individual subsidiary ledgers for payroll
deductions per employee.
Compliance with Property Insurance Law (R.A. No. 656)
12. The City has not insured its properties with the GSIS.
Gender and Development (GAD)
13. The City has regularly appropriated five per cent of its annual budget for GAD programs,
projects, and activities. For CY 2024, it had an annual budget of ₱54 million.
Differently–Abled Persons and Senior Citizens
14. The City provided ₱10 million in CY 2024 to address the needs of senior citizens and
differently-abled persons.
Local Council for Protection of Children (LCPC)
15. The City allocated ₱10 million from its annual budget which was made available for
children and youth welfare and educational programs and interventions.
Summary of Loans Payable
16. In CY 2023, the City secured a loan from Land Bank of the Philippines for a lot acquisition
with a principal amount of ₱225 million payable for 15 years at an interest rate of 6.25 per
cent per annum. The lot is described as Lot No. 244-B, PSD-07-043824, TCT No. 105-
2023000137, located at Barangay La Paz, Bais City, Negros Oriental, with an area of
171,723 sq. m. bought from its previous registered owner, Don Gaspar Vicente, Inc. This
lot is intended for the construction of the Bais City Government Center and Sports
Complex.
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