11. Financial Liabilities
This account consists of the following:
Financial Liabilities 2024 2023
Payables
Accounts Payable ₱ 16,146,383.50 ₱ 14,657,066.37
Due to Officers and Employees 5,729,754.00 3,019,674.89
Bills/Bonds/Loans Payable
Loans Payable – Domestic 95,973,110.17 60,629,039.12
Total ₱ 117,849,247.67 ₱ 78,305,780.38
12. Inter-Agency Payables
This account consists of the following:
Due to BIR ₱ 862,474.91 ₱ 2,152,968.55
Due to GSIS 1,442,114.17 1,486,891.53
Due to Pag-IBIG 246,073.96 317,292.17
Due to PhilHealth 253,809.20 253,252.04
Due to NGAs 14,907,454.86 12,953,737.20
Due to GOCCs 80,660.88 80,660.88
Due to LGUs 10,902,632.40 10,877,464.53
Total ₱ 28,695,220.38 ₱ 28,122,266.90
The first four accounts represent the amount deducted from the salaries of officials and
employees and is remitted to the respective government agencies immediately on the
month following the month for which these were deducted. While the remaining
accounts represents balances of funds received by the LGU for specific purposes. During
the immediately succeeding month: i.e. January 2025, the following remittance were
made:
PAYEE CHECK NO. PARTICULARS TOTAL
The Remittance of taxes
Commissioner – LBP#914803-05;914813 withheld for the month ₱ 862,474.91
BIR of December 2024
TR#264-258-250103-
GSIS Remittance to GSIS 1,004,513.97
02039
Home
TR#264-258-250109-
Development Remittance to PAGIBIG 130,829.28
05574/82
Mutual Fund
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