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                                                                                           Appendix C.1



                                            Province of Negros Oriental
                                             Municipality of Sibulan
                                                  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                                           ₱      664,284,465.86    ₱   601,122,175.58
Add (Deduct)
     Change in Accounting Policy                                               -            1,650,762.12
     Prior Period Errors                                               (178,623.25)        (5,192,656.78)
         Restated Balance                                           664,105,842.61        597,580,280.92
Add (Deduct) Changes in Net Assets/Equity during the year
Adjustments recognized directly in Net Assets/Equity                  1,297,793.73          4,478,150.93
Surplus (Deficit) for the period                                     49,111,110.56         62,226,034.01
Total reconized revenue and expenses for the period                  50,408,904.29         66,704,184.94

Balance, December 31                                         ₱      714,514,746.90    ₱   664,284,465.86