d) Changes in the market in relation to the asset
4. Cash and Cash Equivalents
Cash on Hand 2024 2023
Cash – Local Treasury ₱ 1,292,249.00 ₱ 684,845.04
Cash in Bank – Local Currency
Cash in Bank – Local Currency,
329,407,556.93 351,139,663.59
Current Account
Total Cash and Cash Equivalents ₱ 330,699,805.93 ₱ 351,824,508.63
5. Investments
Investments consisted of guaranty deposits amounting to ₱30,000.00 both for CY 2024
and CY 2023.
6. Receivables
Loans and Receivable Accounts
Real Property Tax Receivable ₱ 17,500,437.12 ₱ 15,763,057.06
Special Education Tax Receivable 20,659,606.38 20,068,482.89
Inter-Agency Receivables
Due from NGAs 610,341.71 610,341.71
Due from GOCCs 3,688.95 3,688.95
Due from LGUs 5,171,943.03 5,171,943.03
Intra-Agency Receivables
Due from Other Funds 51,114,304.55 46,403,195.87
Advances
Advances for Operating Expenses 619,742.78 789,943.72
Advances for Payroll 879,326.22 879,326.22
Advances to Officers and Employees 2,391,878.11 2,361,331.86
Other Receivables
Due from Officers and Employees 114,291.67 114,291.67
Other Receivables 97,931.18 97,925.18
Total ₱ 99,163,491.70 ₱ 92,263,528.16
Less: Due to/from Other Funds
(47,953,506.42) (42,703,089.75)
(eliminated)
Total Receivables, Net ₱ 51,209,985.28 ₱ 49,560,438.41
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
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