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Municipality of La Libertad
Statement of Comparison of Budget and Actual Amounts
For the Year Ended December 31, 2024
(With Comparative Figures for CY 2023)
Budgeted Amounts Difference Difference
Actual Amounts
Particulars Original Final Original and Final Budget Final Budget and Actual
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023
Revenue
A. Local Sources
1. Tax Revenue
a. Tax Revenue - Property 675,000.00 675,000.00 675,000.00 675,000.00 - - 1,083,841.01 1,361,547.93 (408,841.01) (686,547.93)
b. Tax Revenue - Goods and
750,000.0 750,000.00 - - 135,803.50 119,602.50 (135,803.50) 630,397.50
Services
c. Other Local Taxes 260,000.00 260,000.00 260,000.00 260,000.00 - - 219,448.61 40,551.39 260,000.00
Total Tax Revenue 935,000.00 1,685,000.00 935,000.00 1,685,000.00 - - 1,439,093.12 1,481,150.43 (504,093.12) 203,849.57
2. Non-Tax Revenue
a. Service Income 1,740,000.00 1,030,000.00 1,740,000.00 1,030,000.00 - - 2,342,408.56 2,521,128.23 (602,408.56) (1,491,128.23)
b. Business Income 8,600,000.00 7,010,000.00 8,600,000.00 7,010,000.00 - - 8,596,589.69 9,334,999.24 3,410.31 (2,324,999.24)
c. Other Income and Receipts 1,326,108.46 2,000,000.00 1,326,108.46 2,000,000.00 - - 16,430.04 371,470.34 1,309,678.42 1,628,529.66
Total Non-Tax Revenue 11,666,108.46 10,040,000.00 11,666,108.46 10,040,000.00 - - 10,955,428.29 12,227,597.81 710,680.17 (2,187,597.81)
B. External Sources
1. Share from the National Internal
178,809,297.00 168,343,141.00 178,809,297.00 168,343,141.00 - - 178,830,803.00 168,293,697.00 (21,506.00) 49,444.00
Revenue Taxes (IRA)
2. Share from GOCCs - - - -
3. Other Shares from National Tax
- - - - - - - - - -
Collections
a. Share from Ecozone - - - -
b. Share from EVAT - - - -
c. Share from National Wealth - - - -
d. Share from Tobacco Excise Tax - - - -
4. Other Receipts - - - - - - 1,988,777.00 - (1,988,777.00) -
a. Grants and Donations - - 1,988,777.00 (1,988,777.00) -
b. Other Subsidy Income - - - -
5. Inter-local Transfer - - - - - -
6. Capital /Investment Receipts - - - - - - - - - -
a. Sale of Capital Assets - - - -
b. Sale of Investments - - - -
c. Proceeds from Collections of
- - - -
Loan Receivables
C. Receipts from Borrowings - - - -
Total Revenue and Receipts 191,410,405.46 180,068,141.00 191,410,405.46 180,068,141.00 - - 193,214,101.41 182,002,445.24 (1,803,695.95) (1,934,304.24)
Expenditures
Current Appropriations
General Public Services
Personal Services 47,511,233.53 50,727,923.88 40,590,821.94 45,937,617.00 6,920,411.59 4,790,306.88 40,124,507.56 42,232,049.87 40,124,507.56 3,705,567.13
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