General
Particular SEF Trust Fund Total
Fund
Less: Remittance
9,867,944.45 322,053.89 202,687.45 20,260,630.24
from Jan-Dec 2024
Balance as of
0.00 0.00 0.00 0.00
December 31, 2024
Compliance with Mandatory Deductions (GSIS, PAG - IBIG, and
PHILHEALTH)
18. The Municipal Government remits its GSIS, PAG-IBIG, and PHILHEALTH premiums
and contributions within the reglementary period.
Due to Pag- Due to
Particular Due to GSIS Total
IBIG PhilHealth
Beginning Balance 46,671.13 69,791.19 6,793.64 123,255.96
Add: Mandatory
Contributions
Withheld from Jan- 11,193,342.61 690,227.86 2,735,272.16 14,618,842.63
Dec 2024
Add: Loan
Repayments
Withheld from Jan- 4,456,616.13 489,210.12 4,945,826.25
Dec 2024
Less: Remittance of
Mandatory
Contributions from 11,188,740.61 652,927.86 2,482,836.73 14,324,505.20
Jan-Dec 2024
Less: Remittance of
Loan Repayments
4,444,694.46 473,984.98 4,918,679.44
from Jan-Dec 2024
Balance as of
December 31, 2024 63,194.80 122,316.33 259,229.07 444,740.20
18.1 Out of the ending balance, the details of the remittances are summarized below:
Due to Pag- Due to
Particular Due to GSIS* Total
IBIG PhilHealth
Amount Remitted:
For Mandatory
108,545.15 259,024.95 367,570.10
Contributions
For Loan
63,300.00 63,300.00
Repayments
Date Remitted 45,245.15 259,024.95 304,270.10
69
