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)
Statement of Financial Position
Assets 380,601,279.15 341,980,222.62 38,621,056.53
Liabilities 150,442,115.58 120,181,780.03 30,260,335.55
Government Equity 230,159,163.57 221,798,442.59 8,360,720.98
On the other hand, the Statement of Financial Performance reflects an increase in revenue,
a decrease in surplus, and increases in expenses, as shown below:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Results of Operations
Revenue 135,350,959.47 126,505,877.80 8,845,081.67
Personnel Services (55,981,471.06) (50,104,035.83) 5,877,435.23
Maintenance and Other
(78,475,108.06) (56,523,339.24) 21,951,768.82
Operating Expenses
Financial Expenses (1,072,430.05) (1,135,201.21) (62,771.16)
Non-cash Expenses (19,787,111.22) (19,419,187.03) 367,924.19
Net Financial Assistance/
24,029,534.20 6,315,534.60 17,713,999.60
Subsidy
Net Surplus (Deficit) 4,064,373.28 5,639,649.09 (1,575,275.81)
The following table illustrates t h e decreases in the final budget or appropriations and
the increase in actual amounts or obligations during the year:
2024 2023 Increase
Particulars (in ₱) (in ₱) (Decrease)
Final Budget 231,250,441.48 238,213,825.58 (6,963,384.10)
Actual Amounts 156,720,957.44 154,719,289.80 2,001,667.64
ii
