NON CURRENT FINANCIAL LIABILITIES
2024 2023
Loans Payable – Domestic ₱ 46,605,999.90 ₱ 0.00
Total Non-Current Financial
₱ 46,605,999.90 ₱ 0.00
Liabilities
Note 11. Inter-Agency Payables
This account is composed of the following:
Due to BIR ₱ 1,216,495.48 ₱ 549,512.89
Due to GSIS 1,290,332.63 1,218,925.66
Due to Pag-IBIG 82,919.06 61,197.80
Due to PhilHealth 4,221.98 120,330.22
Due to NGAs 18,529,308.36 3,807,998.38
Due to GOCCs 2,024.29 2,024.29
Due to LGUs 5,121,219.15 6,308,896.17
Total Inter-Agency Payables ₱ 26,246,520.95 ₱ 12,068,885.41
The first four accounts represents 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.
Due to NGAs account includes the fund transferred from the Department of Social Welfare
and Development FO VII for the implementation of Ayuda sa Kapos ang Kita Program
(AKAP) under Rice Assistance received by the Municipality on November 28, 2024 in the
amount of Fifteen Million Pesos (₱15,000,000.00).
Note 12. Trust Liabilities
This account is composed of the following:
Trust Liabilities ₱ 2,955,254.42 ₱ 2,977,672.25
Trust Liabilities- Disaster Risk
12,178,274.10 10,582,134.44
Reduction and Management Fund
Guaranty/Security/Deposits Payable 2,030,964.94 1,105,503.11
Total Trust Liabilities ₱ 17,164,493.46 ₱ 14,665,309.80
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