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                                                                                       Appendix C.2



                                          Province of Negros Oriental
                                           Municipality of Sibulan
                                            Special Education 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                                           ₱    31,385,586.86    ₱   29,666,898.67
Add (Deduct)
     Change in Accounting Policy                                            -                    -
     Prior Period Errors                                          (2,688,615.90)                 -
         Restated Balance                                         28,696,970.96        29,666,898.67
Add (Deduct) Changes in Net Assets/Equity during the year
Adjustments recognized directly in Net Assets/Equity                        -                    -
Surplus (Deficit) for the period                                   1,832,479.60         1,718,688.19
Total reconized revenue and expenses for the period                1,832,479.60         1,718,688.19

Balance, December 31                                         ₱    30,529,450.56    ₱   31,385,586.86