Note 4. Cash and Cash Equivalents
This account is composed of the following:
2024 2023
Cash on Hand
Cash Local Treasury ₱ 198.72 ₱ 24,276.57
Petty Cash 119,975.18 119,975.18
Cash in Bank – Local Currency
Cash in Bank – Local Currency,
Current Account 178,623,727.73 185,558,223.98
Total Cash and Cash Equivalents ₱ 178,743,901.63 ₱ 185,702,475.73
Cash in banks earns interest based on the prevailing bank deposit rates.
Note 5. Receivables, Net
This account is composed of the following:
Current Receivables, Net
Loans and Receivable Accounts
Accounts Receivable ₱ 103.29 ₱ 103.29
Real Property Tax Receivable 26,068,473.26 28,694,017.46
Special Education Tax Receivable 26,152,756.63 28,800,078.07
Loans Receivables-Others 682,691.00 687,141.00
Sub-Total 52,904,024.18 58,181,339.82
Intra-Agency Receivables
Due from Other Funds 21,509,310.89 16,826,554.59
Advances
Advances for Operating Expenses 6,951,422.47 7,106,197.47
Advances for Payroll 398,032.40 398,032.40
Advances to Special Disbursing
0.00 36,325.00
Officer
Advances to Officers and Employees 146,399.40 158,897.02
Sub-Total 7,495,854.27 7,699,451.89
Other Receivables
Receivables – Disallowances/Charges 415,100.00 416,300.00
Allowance for Impairment (89,336.84) (89,336.84)
Due from Officers and Employees 420,840.47 449,777.97
Sub-Total 746,603.63 776,741.13
Total Current Receivables 82,655,792.97 83,484,087.43
Less: Elimination of Reciprocal
21,509,310.89 16,826,554.59
Accounts
Total Current Receivables, Net ₱ 61,146,482.08 ₱ 66,657,532.84
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