Note 26. Reconciliation of Actual Amounts and the Statement of Financial Performance
Reconciliation between actual amounts on a comparable basis as
presented in this statement and in the Statement of Financial Maintenance and
Performance for the Year Ended December 31, 2024 Personal Financial
Income Other Operating Capital Outlay
Services Expenses
Expenses
Comparison Statement of Budget and Actual 15,953,465.47 58,267,603.93 88,997,927.63 - 29,995,104.38
Entity Differences
Basis Differences: 6,418,160.71 (194,520.16) 3,751,824.59 - (6,280,868.30)
Income/Expense not considered budgetary items 15,254,286.26 - - - -
Non-cash income 19,003,666.36 -
Interest income on deposits
Gain on Sale of Assets
Discount on Real Property Tax
Lossess
Transfers/Assistance and Subsidy (3,378,500.70)
Income/Expense from Trust Fund /(Miscellaneous income) (370,879.40)
Receipts not considered as income - - - - -
Sale of capital assets
Borrowings
Budgetary items not considered as expenses - (194,520.16) - - (2,529,043.71)
Debt Service (Loan Amortization, Retirement of Debt Instruments)
Interest Expenses capitalized
Capital Expenditures
Capital Outlay Recognized thru Payroll liquidation (194,520.16) (2,529,043.71)
Budgetary adjustments (cancelled checks & other adjustements)
Timing Differences: (8,836,125.55) - 3,751,824.59 - (3,751,824.59)
Prepayments charged to current appropriations
Incurred/Used prepayments
Unconsumed Inventories charged to current appropriations
Consumed Inventories and deferred charges
Unliquidated Advances and Prepayments
Commitments (Obliged but not delivered/billed)
CAPEX Obligated but accrued at year end
Other Adjustments (Erroneous entry and etc.) (8,836,125.55) - 3,751,824.59 (3,751,824.59)
Per Statement of Financial Performance 22,371,626.18 58,073,083.77 92,749,752.22 - 23,714,236.08
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