Particular General Fund SEF Trust Fund Total
Beginning Balance 518,735.53 8,196.52 105,753.29 632,685.34
Add: Taxes withheld
5,854,982.91 41,853.42 6,122,104.96 12,018,941.29
from Jan-Dec 2024
Less: Remittance
5,633,081.17 25,223.44 5,668,610.85 11,326,915.46
from Jan-Dec 2024
Balance as of
740,637.27 24,826.50 559,247.40 1,324,711.17
December 31, 2024
13. Out of the ending balance, the details of the remittances are summarized below:
Particular General Fund SEF Trust Fund Total
Amount Remitted 761,427.69 23,065.91 452,926.75 1,237,420.35
Date Remitted Jan. 10, 2025 Jan. 10, 2025 Jan. 10, 2025
14. Over-remittance from GF to the BIR is claimed as tax credit, while SEF and TF are still
subject to reconciliation.
Compliance with Mandatory Deductions (GSIS, PAG - IBIG, and PHILHEALTH)
15. The Municipal Government remits its GSIS, PAG-IBIG, and PHILHEALTH premiums
and contributions within the reglementary period.
Due to Pag- Due to
Particular Due to GSIS Total
IBIG PhilHealth
Beginning
Balance 1,101,872.38 135,166.04 89,161.12 1,326,199.54
Add: Mandatory
Contributions
6,344,998.18 482,594.71 1,634,577.55 8,462,170.44
Withheld from
Jan-Dec 2024
Add: Loan 2,912,846.92 358,712.39 0.00 3,271,559.31
Repayments
Withheld from
Jan-Dec 2024
Less:
Remittance of
Mandatory
6,929,460.82 500,100.01 1,595,751.09 9,025,311.92
Contributions
from Jan-Dec
2024
57
