Note 28 – Transfers, Assistance and Subsidy From
This consists of the following:
2024 2023
Subsidy from National Government ₱ 34,355,830.00 ₱ 28,746,933.43
Subsidy from Other Funds 25,274,624.49
Subsidy from GF Proper/Other Special 46,652,332.62 11,909,889.76
Accounts
Total ₱ 81,008,162.62 ₱ 65,931,447.68
Note 29 – Transfers, Assistance/Subsidy To
This consists of the following:
Financial Assistance/Subsidy
Subsidy to Other Funds ₱ - ₱ 25,274,624.49
Subsidy to GF Proper/Other Special Accounts 79,652,332.62 11,909,889.76
Subsidy to Local Economic Enterprises
Subsidy to Others 115,000.00
Transfers
Transfers of Unspent Current Year DRRM
5,737,317.44 22,810,103.69
Fund to Trust Fund
Total Transfer, Assistance and Subsidy to ₱ 85,504,650.06 ₱ 59,994,617.94
Note 30 – Equity
Accumulated Surplus for Market Operations in the amount of Thirty-Three Million Pesos
(₱33,000,000.00) was transferred to the General Fund Proper in FY 2024 in accordance
with Sangguniang Panlungsod Ordinance No. 2024-10 passed on June 18, 2024, and was
subsequently appropriated to priority projects, programs and activities (Resolution No.
2024-276 and Appropriation Ordinance No. 2024-14 passed on September 27, 2024.)
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