2024 2023
Books 0.00 943.91
Sub-total Furniture, Fixtures and
Books ₱ 517,391.81 ₱ 1,235,954.71
Construction in Progress
Construction in Progress –Infrastructure
Assets 124,012,318.40 106,329,323.90
Construction in Progress – Building and
Other Structures 221,711,783.63 142,166,853.34
Sub-total Construction in Progress ₱ 345,724,102.03 ₱ 248,496,177.24
Other Property, Plant and Equipment
Other Property, Plant and Equipment 9,803,706.00 3,576,583.92
Less: Accumulated Depreciation 1,328,018.46 2,128,014.79
Sub-total Other Property, Plant and
Equipment ₱ 8,475,687.54 ₱ 1,448,569.13
Total Property, Plant and Equipment ₱ 537,108,319.00 ₱ 450,657,062.98
As of December 31, 2024, the LGU has a total of 14.31 kilometers of roads with a total cost
of ₱85,058,833.67. For the year ended, the agency has spent a total of ₱28,376,427.26 for
local additions booked this year. The Municipality has not incurred major repairs and regular
maintenance on booked Road Networks.
The LGU determines the residual value of all items of property, plant and equipment. During
the current financial year, the LGU also reviewed the estimated useful life.
As of December 31, 2024, the Registry of Public Infrastructures had a balance consisting of
the following accounts:
Roads ₱ 20,853,039.97 ₱ 20,853,039.97
Others 24,583,350.01 24,583,350.01
Total ₱ 45,436,389.98 ₱ 45,436,389.98
Note 9 – Biological Assets
This account, with a balance of ₱530,000.00, represents two heads of cattle (bulls) valued at
₱35,000.00 per head and 20 heads of cattle (heifers) valued at ₱18,000.00 per head, received
from the DA Reg. VII for dispersal in the barangays, including four heads of carabao
(heifers) purchased at ₱25,000.00 each, which were distributed to selected farmers.
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