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                                                                                           Appendix C.1



                                            Province of Negros Oriental
                                             Municipality of San Jose
                                                  General Fund
                                   Statement of Changes in Net Assets/Equity
                                      For the Year Ended December 31, 2024
                                    (With Comparative Figures for CY 2023)



                                                                      2024                  2023

Balance, January 1                                           ₱      220,831,999.26    ₱   209,802,222.60
Add (Deduct)
    Change in Accounting Policy                                                -                     -
    Prior Period Errors                                                 283,972.71             16,750.21
         Restated Balance                                           221,115,971.97        209,818,972.81
Add (Deduct) Changes in Net Assets/Equity during the year
Adjustments recognized directly in Net Assets/Equity                   4,012,374.99         4,995,006.31
Surplus (Deficit) for the period                                       4,189,411.04         6,018,020.14
Total reconized revenue and expenses for the period                    8,201,786.03        11,013,026.45

Balance, December 31                                         ₱      229,317,758.00    ₱   220,831,999.26