COMPLIANCE WITH GOVERNMENT SERVICE INSURANCE SYSTEM (GSIS)
ACT OF 1997 (RA No. 8291)
15. The City of Dumaguete complied with the deductions and remittance of GSIS
contributions, including remittance of loan repayments. Remittances were made within
the reglementary period.
Particular General Fund SEF Trust Fund Total
Beginning Balance 6,231,322.15 122,806.74 116,793.35 6,470,922.24
Add: Withheld from
Jan-Dec 2024 69,803,666.85 61,945.38 0.00 69,865,612.23
Less: Remittance from
Jan-Dec 2024 70,628,330.69 0.00 0.00 70,628,330.69
Balance as of
December 31, 2024 5,406,658.31 184,752.12 116,793.35 5,708,203.78
Out of the ending balance, the details of the remittances are summarized below:
Particular General Fund SEF Trust Fund Total
Amount Remitted 6,240,590.60 0.00 0.00 6,240,590.60
Date Remitted 1/10/2025
Unremitted prior years’ balances, which formed part of the balances as of December
31, 2024, are still subject to reconciliation.
COMPLIANCE WITH HOME DEVELOPMENT MUTUAL FUND (HDMF) LAW
OF 2009 (RA No. 9769)
16. The City of Dumaguete complied with the deductions and remittance of HDMF
contributions, including remittance of loan repayments. Remittances were made within
the reglementary period.
Particular General Fund SEF Trust Fund Total
Beginning Balance 561,131.70 1,533.99 (248.09) 562,417.60
Add: Withheld from
Jan-Dec 2024 6,086,969.07 0.00 0.00 6,086,969.07
Less: Remittance from
Jan-Dec 2024 5,883,133.82 0.00 0.00 5,883,133.82
Balance as of
December 31, 2024 764,966.95 1,533.99 (248.09) 766,252.85
Out of the ending balance, the details of the remittances are summarized below:
Particular General Fund SEF Trust Fund Total
Amount Remitted 508,848.45 0.00 0.00 508,848.45
Date Remitted 1/10/2025
Unremitted prior years’ balances, which formed part of the balances as of December
31, 2024, are still subject to reconciliation.
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