Province of Negros Oriental
Municipality of Sibulan
STATEMENT OF FINANCIAL PERFORMANCE
For the Year Ended December 31, 2024
(With Comparative Figures for CY 2023)
Note 2024 2023
Revenue
Tax Revenue 18 ₱ 57,086,202.09 ₱ 50,245,634.94
Share from Internal Revenue Collections 19 238,180,268.00 224,122,774.00
Other Share from National Taxes - -
Service and Business Income 20 24,850,424.07 24,313,676.49
Shares, Grants and Donations 21 4,471,531.04 4,200,341.85
Gains - -
Miscellaneous Income 22 944,263.64 1,001,166.30
Total Revenue 325,532,688.84 303,883,593.58
Less: Current Operating Expenses
Personnel Services 23 95,632,616.70 85,954,730.44
Maintenance and Other Operating Expenses 24 148,522,271.73 128,653,265.25
Financial Expenses - -
Non-cash Expenses 25 28,921,210.25 23,963,215.69
Loss on Sale of Biological Assets
Current Operating Expenses 273,076,098.68 238,571,211.38
Surplus (Deficit) from Current Operation 52,456,590.16 65,312,382.20
Add (Deduct):
Transfers, Assistance and Subsidy From - -
Transfers, Assistance and Subsidy To 26 1,513,000.00 1,367,660.00
Net Financial Assistance/Subsidy (1,513,000.00) (1,367,660.00)
Surplus (Deficit) for the period ₱ 50,943,590.16 ₱ 63,944,722.20
See accompanying Notes to Financial Statements.
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