The first four accounts represent the amount deducted from the salaries of officials and
employees and are remitted to the respective government agencies immediately in the month
following the month for which these were deducted. While the remaining accounts represent
balances of funds received by the LGU for specific purposes.
.
Note 14. Intra – Agency Payables
This account is composed of the following:
2024 2023
Due to Other Funds ₱ 5,851,234.74 ₱ 62,023,619.18
Due to Special Accounts 21,436.43 21,436.43
Due to Local Economic Enterprises 3,644,674.71 3,583,130.28
Total Intra-Agency Payables ₱ 9,517,345.88 ₱ 65,628,185.89
Less: Elimination of reciprocal accounts (7,746,400.53) (64,081,099.26)
Total Intra-Agency Payables ₱ 1,770,945.35 ₱ 1,547,086.63
Note 15. Trust Liabilities
This account is composed of the following:
Trust Liabilities ₱ 1,332,360.43 0.00
Trust Liabilities – Disaster Risk Reduction and
17,777,672.88 ₱ 15,513,505.89
Management Fund
Guaranty/Security Deposits Payable 2,736,237.77 1,412,920.31
Total Trust Liabilities ₱ 21,846,271.08 ₱ 16,926,426.20
Note 16. Deferred Credits/Unearned Income
This account is composed of the following:
Current Deferred Credits/Unearned Income
Deferred Credits/Unearned Income
Other Deferred Credits ₱ 7,834,255.66 ₱ 6,860,031.24
Total Deferred Credits/Unearned Income ₱ 7,834,255.66 ₱ 6,860,031.24
Note 17. Other Payables
This account is composed of the following:
Other Payables ₱ 28,461,813.08 ₱ 25,431,434.53
Total Other Payables ₱ 28,461,813.08 ₱ 25,431,434.53
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