e. Closure of Dormant Accounts in compliance with COA AOM No. 2024-02(2023)
On June 11, 2024, the Sangguniang Bayan of Bindoy passed Resolution No. 2024-
121 entitled, “RESOLUTION APPROVING THE CLOSURE AND/OR
TERMINATION OF DORMANT ACCOUNTS OF THE LOCAL GOVERNMENT
UNIT OF BINDOY AT THE LANDBANK OF THE PHILIPPINES, DUMAGUETE
CITY AND BAIS CITY BRANCHES, AND DEVELOPMENT BANK OF THE
PHILIPPINES; FURTHER AUTHORIZING FOR THIS PURPOSE THE
MUNICIPAL MAYOR, ENIEGO C. JABAGAT AND MUNICIPAL TREASURER,
MR. JULIUS B. BOLO, REPRESENTING THE LGU OF BINDOY AND TO
EXECUTE AND SIGN THE DOCUMENTS IN RELATION THERETO”. By virtue
of which, several dormant accounts of the Local Government Unit of Bindoy were
closed and transferred to the General Fund account and/or returned to the source
agencies.
5. Receivables, Net
This account is composed of the following:
Loans and Receivable Accounts 2024 2023
Real Property Tax Receivable ₱ 5,152,622.93 ₱ 4,578,497.80
Special Education Tax Receivable 3,089,028.20 3,128,130.08
Loans Receivables – Others 2,056,400.00 2,056,400.00
Inter-Agency Receivables
Due from LGUs 816,379.93 616,379.93
Intra-Agency Receivables
Due from Other Funds 10,535,771.72 14,535,100.62
Advances
Advances for Operating Expenses 2,331,171.68 4,126,516.94
Advances for Payroll 518,390.79 492,154.35
Advances to Special Disbursing
Officer 500,298.00 500,000.00
Advances to Officers and Employees 1,787,274.17 2,059,017.94
Other Receivables
Receivables - Disallowances/Charges 63,257.40 63,257.40
Due from NGOs/POs 432,716.00 432,716.00
Other Receivables 2,745,961.80 2,745,961.80
Total ₱ 30,029,272.62 ₱ 35,334,132.86
Less: Due from Other Funds (eliminated) (10,535,771.72) (14,535,100.62)
Total Receivables, Net ₱ 19,493,500.90 ₱ 20,799,032.24
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