5. Receivables
This account consists of the following:
Loans and Receivable Accounts 2024 2023
Real Property Tax Receivable ₱ 129,497,430.88 ₱ 72,310,724.01
Special Education Tax Receivable 72,237,355.90 76,815,678.47
Inter-Agency Receivables
Due from NGAs 20.00 20.00
Due from GOCCs 78,126.77 78,126.77
Due from LGUs 1,734,170.00 530,170.00
Intra-Agency Receivables
Due from Other Funds 0.00 0.00
Advances
Advances for Operating Expenses 11,179.08 11,179.08
Advances for Payroll 1,387,627.94 1,384,017.19
Advances to Officers and Employees 2,810,722.70 2,438,662.46
Other Receivables
Receivables – Disallowances/Charges 21,914.00 36,914.00
Due from Officers and Employees 3.00 13,250.88
Other Receivables 49,225.63 49,225.63
Total ₱ 207,827,775.90 ₱ 153,667,968.49
Less: Due from Other Funds (eliminated) 0.00 0.00
Total Receivables, Net ₱ 207,827,775.90 ₱ 153,667,968.49
Transfers from other government agencies represent those funds received for specific
projects undertaken by the LGU for specific purpose. These funds were received on the
basis of the project budgets submitted. Accordingly, the LGU is contractually bound to
spend these funds only in connection with the projects. Furthermore, the contracts
stipulate that the funds received for the project may only be applied to the costs incurred
for the project, as and when the phases of the project are certified as complete. The
conditions remaining therefore represent phases of the projects that are yet to be certified
as complete. Returned of the unspent portion of the fund is subject to the conditions
stated in the respective Memorandum of Agreements executed between the LGU and the
proponent government agencies.
Due from Other Funds is the reciprocal account of Due to Other Funds and are offsetting
each other.
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