Note 5 – Receivables
This account consists of the following:
Current: 2024 2023
Loans and Receivable Accounts
Real Property Tax Receivable ₱ 10,401,020.48 ₱ 10,034,541.92
Special Education Tax Receivable 10,889,513.31 10,034,541.62
Sub-total ₱ 21,290,533.79 ₱ 20,069,083.54
Intra-Agency Receivable
Due from Other Funds ₱ 11,629,848.65 ₱ 4,799,837.62
Advances
Advances for Operating Expenses ₱ 0.00 ₱ 792.00
Advances to Special Disbursing Officer 237,000.00 156,000.00
Advances to Officers and Employees 13,030.84 35,519.00
Due from Officers and Employees 0.00 2,974.55
Sub-total ₱ 250,030.84 ₱ 195,285.55
Total Current Receivables ₱ 33,170,413.28 ₱ 25,064,206.71
Non-Current:
Inter-Agency Receivables
Due from National Government Agencies ₱ 257,277.63 ₱ 257,277.63
Allowance for Impairment-Due from
National Government Agencies (257,277.63) (257,277.63)
Due from Local Government Units ₱ 430,304.66 ₱ 430,304.66
Allowance for Impairment – Due from
Local Government Units (430,304.66) (430,304.66)
Sub-total ₱ 0.00 ₱ 0.00
Intra- Agency Receivables
Due from Other Funds ₱ 753,292.18 ₱ 383,568.96
Advances
Due from Officers and Employees ₱ 2,800.00 ₱ 2,800.00
Allowance for Impairment – Due from
Officers and Employees (2,800.00) (2,800.00)
Sub-total ₱ 0.00 ₱ 0.00
Receivables – Disallowances/ Charges ₱ 701,957.94 ₱ 802,191.85
Other Receivables
Due From NGOs/POs 100,000.00 100,000.00
Allowance for Impairment – Due From
NGOs/POs (100,000.00) (100,000.00)
Other Receivables 630,416.34 630,416.34
Allowance for Impairment – Other
Receivables (57,706.00) (57,706.00)
Sub-total ₱ 572,710.34 ₱ 572,710.34
Total Non-Current Receivables ₱ 2,027,960.46 ₱ 1,758,471.15
Total Receivables ₱ 35,198,373.74 ₱ 26,822,677.86
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