Note 19– Financial Expenses
2024 2023
Interest Expense ₱ 11,806,027.86 ₱ 4,600,164.99
Bank Charges 155.00 21,300.00
Other Financial Charges 1,535,700.00 1,119,451.50
Total ₱ 13,341,882.86 ₱ 5,740,916.49
Note 20 – Financial Assistance and Subsidy From
This consists of the following:
Subsidy from NGAs ₱ 35,593,804.00 ₱ 18,721,148.94
Subsidy from Other Local Economic
Enterprises 3,342,242.23 4,630,756.09
Transfer From General Fund of Unspent
DRRMF 0.00 6,346,900.00
Total ₱ 38,936,046.23 ₱ 29,698,805.03
Note 21 – Financial Assistance/Subsidy To
This consists of the following:
Subsidy to Other Local Government Units ₱ 2,110,232.40 ₱ 2,165,714.00
Subsidy to Other Funds 0.00 0.00
Subsidy to National Government Agencies 10,412.32 0.00
Subsidy to General Fund Proper/Special
Accounts 3,342,242.23 4,630,756.09
Subsidy – Others 4,322,929.60 4,136,368.00
₱ 9,785,816.55 ₱ 10,932,838.09
Transfer of Unspent Current Year DRRM
Funds to the Trust Funds 6,629,848.65 ₱ 4,572,808.13
Transfers for Project Equity Share/LGU
Counterpart 0.00 0.00
₱ 6,629,848.65 ₱ 4,572,808.13
Total ₱ 16,415,665.20 ₱ 15,505,646.22
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