Cash in banks earns interest based on the prevailing bank deposit rates. Cash in Bank –Local
Currency Current account includes balances of closed bank accounts at PNB and LBP Guihulngan,
which could not be closed per book due to unreconciled prior years’ differences, which include
the following:
Bank Account Amount Fund Remarks
PNB 4296-9550-0017 ₱ (65,214.60) General Fund LALIMAR
PNB 2890-9780-0027 385,553.89 General Fund
LBP 0912-1085-11 400,213.69 General Fund
PNB 2890-9780-0043 5,345,132.12 Trust Fund
PNB 2890-9780-0051 (18,751,816.90) Trust Fund
LBP 09-12-060-63 99,297.12 Trust Fund CBRM
LBP 0292-1060-17 1,180,998.60 Trust Fund SEDIP
₱ (11,405,836.08)
Cash in Local Treasury account is still subject to reconciliation.
Note 5. Receivables, Net
This account is composed of the following:
Current Receivables, Net
Loans and Receivable Accounts 2024 2023
Real Property Tax Receivable ₱ 9,388,284.96 ₱ 7,145,070.26
Allowance for Impairment - RPT Receivable 0.00 0.00
Special Education Tax Receivable 9,115,656.14 6,840,243.15
Allowance for Impairment - SET Receivable 0.00 0.00
Loans Receivables-Others 18,564.00 18,564.00
Allowance for Impairment - Loans Receivable-
Others 0.00 0.00
Interest Receivable 0.00 0.00
Inter-Agency Receivables
Due from NGAs 319,724.09 319,724.09
Allowance for Impairment - Due from NGAs 0.00 0.00
Due from GOCCs 0.00 0.00
Allowance for Impairment - Due from GOCCs 0.00 0.00
Due from LGUs 257,678.58 257,678.58
Allowance for Impairment - Due from LGUs 0.00 0.00
Intra-Agency Receivables
Due from Other Funds 2,941,600.96 2,661,965.07
Elimination of Reciprocal Account (2,941,600.96) 0.00
Advances
Advances for Operating Expenses 116,773.00 126,773.00
Advances for Payroll 15,580,410.93 39,600.00
Advances to Officers and Employees 59,809.00 14,018.00
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