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. Return of the unspent portion of the fund is subject to the conditions stated
in the respective Memorandum of Agreement executed between the LGU and the
proponent government agencies.
As of December 31, 2024, the ageing analysis of current accounts receivable is as
follows:
Neither Past due but not impaired
Total past due <30 30-60 >60 days
or days days
impaired
Real Property Tax Receivable ₱17,500,437.12 ₱0.00 ₱0.00 ₱0.00 ₱17,500,437.12
Special Education Tax Receivable 20,659,606.28 0.00 0.00 0.00 20,659,606.28
Due from NGAs 610,341.71 0.00 0.00 0.00 610,341.71
Due from GOCCs 3,688.95 0.00 0.00 0.00 3,688.95
Due from LGUs 5,171,943.03 0.00 0.00 0.00 5,171,943.03
Due from Other Funds 51,114,304.55 0.00 0.00 0.00 51,114,304.55
Advances for Operating Expenses 619,742.78 0.00 0.00 0.00 619,742.78
Advances for Payroll 879,326.22 0.00 0.00 0.00 879,326.22
Advances for Officers and
2,391,878.11 0.00 0.00 0.00 2,391,878.11
Employees
Due from Officer and Employees 114,291.67 0.00 0.00 0.00 114,291.67
Other Receivables 97,931.18 0.00 0.00 0.00 97,931.18
Total ₱99,163,491.60 ₱0.00 ₱0.00 ₱0.00 ₱99,163,491.60
7. Inventories
This account consists of the following:
Inventory Held for Distribution 2024 2023
Other Supplies and Materials for
₱ 49,870.05 ₱ 49,870.05
Distribution
Inventory Held for Consumption
Office Supplies Inventory 1,555,033.23 695,651.15
Accountable Forms, Plates and Stickers 125,381.75 131,678.00
Drugs and Medicines Inventory 194,225.00 678,449.00
Medical, Dental, and Laboratory
1,081,940.00 609,601.00
Supplies Inventory
Fuel, Oil, and Lubricants Inventory 255,147.91 255,147.91
Semi-Expendable Machinery and
Equipment
Semi-Expendable Other Machinery and
12,900.00 0.00
Equipment
Total Inventories ₱ 3,274,497.94 ₱ 2,420,397.11
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