Scope of Audit
An audit was conducted on the accounts and operations of the Municipal Government of
Manjuyod for 2024. The audit consisted of a review of operating procedures, evaluation of
the LGU’s programs and projects, interview of concerned government officials and
employees, verification, reconciliation, confirmation, inspection, and analysis of accounts,
and such other procedures considered necessary.
Financial Highlights
A comparative analysis of the Statement of Financial Position, as illustrated below, showed
increases in assets, liabilities, and equity:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Assets 895,731,959.02 813,290,871.93 82,441,087.09
Liabilities 227,236,126.69 179,125,956.85 48,110,169.84
Equity 668,495,832.33 634,164,915.08 34,330,917.25
On the other hand, the Statement of Financial Performance reflects decreases in revenue and
surplus, as well as increases in expenses, as shown below:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Revenue 238,370,961.44 224,663,077.02 13,707,884.42
Personnel Services 74,992,813.97 69,744,988.91 5,247,825.06
MOOE 141,518,380.64 130,187,526.56 11,330,854.08
Non-Cash Expenses 9,146,473.33 8,391,455.77 755,017.56
Financial Expenses 5,116,227.40 466,092.00 4,650,135.40
Transfers, Assistance, and
31,900,313.27 15,417,285.00 16,483,028.27
Subsidy From
Transfers, Assistance, and
4,689,827.93 7,533,317.00 (2,843,489.07)
Subsidy To
Net Surplus/(Deficit) 34,807,551.44 23,756,981.78 11,050,569.66
The following table illustrates increases in the final budget or appropriations and actual
amounts or obligations during the year:
2024 2023 Increase
Particulars
(in ₱) (in ₱) (Decrease)
Final Budget 550,562,115.48 564,828,205.22 (14,266,089.74)
Actual Amounts 305,425,325.17 250,517,725.00 54,907,600.17
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