Note 13. Trust Liabilities
This account is composed of the following:
2024 2023
Trust Liabilities ₱ 15,103,899.09 ₱ 15,031,850.77
Trust Liabilities – Disaster Risk Reduction
and Management Fund 9,762,256.14 9,456,072.74
Guaranty/Security Deposits Payable 867,798.21 818,982.86
Total Trust Liabilities ₱ 25,733,953.44 ₱ 25,306,906.37
Note 14. Deferred Credits/Unearned Income
This account is composed of the following:
Current Deferred Credits/Unearned Income
Deferred Real Property Tax ₱ 1,905,196.20 ₱ 4,437,554.24
Deferred Special Education Tax 2,177,964.89 4,724,145.08
Total Deferred Credits/Unearned Income ₱ 4,083,161.09 ₱ 9,161,699.32
Note 15. Tax Revenue
This account is composed of the following:
Tax Revenue – Individual and Corporation
Professional Tax ₱ 400.00 ₱ -
Community Tax 287,685.47 325,359.45
Total Tax Revenue – Individual and
288,085.47 325,359.45
Corporation
Tax Revenue – Property
Real Property Tax – Basic 941,685.63 955,834.26
Discount on Real Property Tax – Basic (125,794.63) (129,370.30)
Special Education Tax 1,177,107.04 1,194,792.79
Discount on Special Education Tax (157,243.24) (161,712.89)
Total Tax Revenue - Property 1,835,754.80 1,859,543.86
Tax Revenue – Goods and Services
Business Tax 4,298,487.48 3,689,251.34
Tax on Sand, Gravel & Other Quarry
236,323.20 106,950.00
Products
Total Tax Revenue - Goods and Services 4,534,810.68 3,796,201.34
Tax Revenue – Fines and Penalties
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