Note 27. Reconciliation of Net Cash Flows from Operating Activities to Surplus
(Deficit)
2024 2023
Surplus/(Deficit) 20,137,734.84 23,140,762.81
Non-cash transactions
Depreciation 15,757,084.35 12,906,897.98
Impairment Loss - -
Increase/Decrease in payables 15,000,000.00 (3,103,290.60)
(Gains) Losses on Sale of PPE - -
(Gains) Losses on Sale of Investments - -
Increase in Current Assets - -
Increase in investment due to revaluation - -
Decrease/Increase in Receivables (5,306,747.92) (5,831,443.73)
Transfer of Unappropriated surplus of the
- -
General Fund
Net Cash from Operating Activities 45,588,071.27 27,112,926.46
Note 28. Reconciliation of Comparison of Budget and Actual Amounts and the
Statement of Financial Performance for the Year ended December 31, 2024.
Maintenance
Personnel Financial Capital
Income and Operating
Services Expenses
Expenses Outlay
Comparison Statement of
Budget and Actual 203,479,811.54 62,381,734.52 109,699,831.80 0.00 41,200,594.20
Amounts
Entity Differences
Basis Differences: 83,101.00 1,487,403.40 (8,197,331.82) 3,095,589.81 (41,200,594.20)
Income/Expense not 83,101.00
considered budgetary
items
Non-cash income
Interest income on
deposits
Gain on Sale of Assets
Discount on Real
Property
Losses
Income/Expense from 83,101.00
Trust Fund
Receipts not considered
as income
Sale of Capital Assets
29
