Note 11. Inter-Agency Payables
This account is composed of the following:
2024 2023
Due to BIR ₱ 1,324,711.17 ₱ 632,785.27
Due to GSIS 275,555.76 1,101,872.38
Due to Pag-IBIG 115,260.34 135,166.04
Due to PhilHealth 519,967.59 234,061.60
Due to NGAs 29,876,166.56 868,633.16
Due to GOCCs 3,028.00 3,028.00
Due to LGUs 984,486.67 1,130,154.37
Total Inter-Agency Payables ₱ 33,099,176.09 ₱ 4,105,700.82
The first four accounts represent amounts deducted from the salaries of officials and
employees and are remitted to the respective government agencies immediately on the
month following the month for which these were deducted, while the remaining accounts
represent balances of funds received by the LGU for specific purposes.
Transfers from other government agencies represent funds received for specific projects
undertaken by the LGU for specific purpose. These funds were received based on the project
budgets submitted. Accordingly, the LGU is contractually bound to spend these funds only
in connection with the projects. Furthermore, the contracts stipulate that the funds received
for the project may only be applied to costs incurred for the project, as and when the phases
of the project are certified as complete. The remaining conditions, therefore, represent
phases of the projects that are yet to be certified as complete. The return of the unspent
portion of the fund is subject to the conditions stated in the respective Memorandum of
Agreements executed between the LGU and the proponent government agencies.
Note 12. Intra – Agency Payables
This account is composed of the following:
Due to Other Funds ₱ 2,551,550.59 ₱ 5,265,577.24
Total Intra – Agency Payables ₱ 2,551,550.59 ₱ 5,265,577.24
Due to Other Funds includes the one percent (1%) tax on real property, which is allotted by
the Local Government Code to the local school boards or the Special Education Fund (SEF).
It also includes the unexpended Local Disaster Risk Reduction Management Fund that is
due to the Trust Fund.
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