contracted goods or services. The LGUs were not a direct party to any
outstanding forward exchange contracts at the reporting date. The movement in
the currency was not material to the LGU’s procurement.
Market risk
Market risk is the risk of changes in market prices, such as foreign-exchange
rates and interest rates, affecting the LGUs’ income or the value of its financial
instrument holdings. The objective of market risk management is to manage and
control market risk exposures within acceptable parameters, while optimizing the
return on the risk.
4. Cash and Cash Equivalents
Cash and Cash Equivalents is composed of the following accounts:
Cash on Hand 2024 2023
Cash – Local Treasury ₱ 575,219.26 ₱ 2,737,967.12
Cash in Bank – Local Currency
Cash in Bank – Local Currency,
Current Account 140,960,648.74 125,773,608.17
Cash in Bank – Local Currency,
Savings Account 1,948,566.70 1,222,351.48
Total Cash and Cash Equivalents ₱ 143,484,434.70 ₱ 127,832,535.51
a. Cash – Local Treasury
The following are cash collections in CY 2024 which were deposited in CY 2025:
Fund Date of Deposit Amount
General Fund 01/03/25 ₱ 58,470.20
01/03/25 62,605.57
01/03/25 52,283.42
01/03/25 300.00
01/07/25 148,503.00
01/07/25 16,500.00
01/07/25 888.00
Total ₱ 339,550.19
b. Cash in Bank – Local Currency, Current Account
The account Cash in Bank – Local Currency, Current Account of
₱140,960,648.74 is composed of the following:
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