Note 4. Cash and Cash Equivalents
This account is composed of the following:
2024 2023
Cash on Hand
Cash Local Treasury ₱ 118,441.58 ₱ 118,793.37
Petty Cash 200,000.00 -
Cash in Bank – Local Currency
Cash in Bank – Local Currency,
Current Account 107,556,579.83 93,485,748.30
Total Cash and Cash Equivalents ₱ 107,875,021.41 ₱ 93,604,541.67
Cash in banks earns interest based on prevailing bank deposit rates. Short-term deposits are
made for varying periods, depending on the LGUs immediate cash requirements, and earn
interest at the applicable short-term deposit rate.
Note 5. Receivables, Net
This account is composed of the following:
Current Receivables, Net
Loans and Receivable Accounts
Real Property Tax Receivable ₱ 1,905,196.20 ₱ 4,437,554.24
Special Education Tax Receivable 2,177,964.89 4,724,145.08
Inter-Agency Receivables
Due from GOCCs 40,054.46 40,054.46
Due from LGUs 361,824.81 361,824.81
Intra-Agency Receivables
Due from Other Funds 2,616,830.50 5,309,180.36
Advances
Advances for Payroll 549.00 -
Advances to Officers and Employees - 12,370.00
Other Receivables
Receivables – Disallowances/Charges 120,389.29 164,589.29
Other Receivables 83,844.28 83,844.28
Total Current Receivables, Net ₱ 7,306,653.43 ₱ 15,133,562.52
No allowances for impairment were provided for dormant receivable accounts during the
year.
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