Financial Highlights
A comparative analysis of the Statement of Financial Position, as illustrated below, showed
increases in assets, liabilities, and equity:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Statement of Financial Position
Assets 828,312,033.32 774,542,306.85 53,769,726.47
Liabilities 83,267,835.86 78,872,254.13 4,395,581.73
Government Equity 745,044,197.46 695,670,052.72 49,374,144.74
On the other hand, the Statement of Financial Performance reflects an increase in revenue and
expenses and a decrease in surplus, as shown below:
2024 2023 Increase
Accounts
(in ₱) (in ₱) (Decrease)
Results of Operations
Revenue 325,532,688.84 303,883,593.58 21,649,095.26
Personnel Services 95,632,616.70 85,954,730.44 9,677,886.26
Maintenance and Other
148,522,271.73 128,653,265.25 19,869,006.48
Operating Expenses
Financial Expenses 0.00 0.00 0.00
Non-cash Expenses 28,921,210.25 23,963,215.69 4,957,994.56
Net Financial
(1,513,000.00) (1,367,660.00) (145,340.00)
Assistance/ Subsidy
Net Surplus (Deficit) 50,943,590.16 63,944,722.20 (13,001,132.04)
The following table illustrates increases in the final budget or appropriations and actual
amounts or obligations during the year:
2024 2023 Increase
Particulars
(in ₱) (in ₱) (Decrease)
Final Budget 435,467,471.77 431,645,250.53 3,822,221.24
Actual Amounts 311,198,038.37 268,881,805.37 42,316,233.00
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