24. Transfers, Financial Assistance/Subsidy To
This account consists of the following:
2024 2023
Subsidy to NGAs ₱ 0.00 ₱ 500,000.00
Subsidy to Other Local Government
432,00.00 712,000.00
Units
Transfers of Unspent Current Year
5,027,465.90 6,173,771.00
DRRM Funds to the Trust Funds
Transfers for Project Equity Share/LGU
0.00 2,826,930.00
Counterpart
Total ₱ 5,459,465.90 ₱ 10,212,701.00
25. Other Non-Operating Income
Other Non-Operating Income consisted of miscellaneous income amounting to
₱513,361.73 and ₱550,722.74 for CY 2024 and CY 2023 respectively.
26. Reconciliation of Net Cash Flows from Operating Activities to Surplus/(Deficit)
Surplus/(Deficit) ₱ 40,555,623.03 ₱ 49,342,071.31
Non-cash Transactions
Depreciation 14,940,283.25 15,278,052.75
Increase/(Decrease) in Payables 5,641,414.74 56,211,360.08
(Increase)/Decrease in Current Assets (6,690,234.57) (21,246,661.46)
Increase in Provisions Relating to
Employee Cost 12,067,300.87 (2,069,764.17)
Net Cash from Operating Activities ₱ 66,514,387.32 ₱ 97,515,058.51
27. Reconciliation between actual amounts on a comparable basis as presented in the
Statement of Comparison of Budget and Actual amounts and in the Statement of
Financial Performance for the Year Ended December 31, 2024
See page 29 for details.
28. Local Disaster Risk Reduction and Management Fund (LDRRMF)
The LDRRMF represents the amount set aside by the LGU to support its disaster risk
management activities pursuant to R.A. No. 10121 otherwise known as the “Philippine
Disaster Risk Reduction and Management Act of 2010.” The amount available and
27
