Note 4 – Cash and Cash Equivalents
2024 2023
Cash on Hand
Cash- Local Treasury ₱ 3,385,087.15 ₱ 11,393,394.41
Cash in Bank – Local Currency
Cash in Bank-Local Currency- 584,721,118.80 722,068,511.94
Current Account
Cash in Bank – Local Currency- 16,562,803.65 16,440,212.52
Savings Account
Total Cash and Cash Equivalent ₱604,669,009.60 ₱749,902,118.87
Cash in banks earns interest based on the prevailing bank deposit rates. Short-term
deposits are made for varying periods, depending on the immediate cash requirements
of the LGU and earn interest at the respective short-term deposit rate.
The Cash- Local Treasury amounting to ₱3,385,087.15 was deposited to the following
depository banks.
General Fund:
1/2/25 LBP-Bais (2582-1009-70) ₱ 3,314,020.57
1/6/25 LBP-Bais (2582-1009-70) 10,552.29
Trust Fund:
1/2/25 DBP-Dumaguete (0740-012628-030) 22,804.00
Special Education Fund:
1/2/25 LBP-Dumaguete (2582-1038-47) 37,710.29
Total ₱ 3,385,087.15
Note 5 – Receivables
2024 2023
Loans and Receivable Accounts
Accounts Receivable ₱ 180.02 ₱ 180.00
Real Property Tax Receivable 0.00 6,276,133.53
Special Education Tax Receivable 15,446,041.20 15,044,606.63
Loans Receivable - Others 19,000.00 19,000.00
Total ₱15,465,221.22 ₱21,339,920.16
Inter-Agency Receivables
Due from National Government Agencies ₱ 3,546,672.75 ₱ 3,576,672.75
Due from Government Owned and
Controlled Corporation 100.00 100.00
Due from Local Government Units 5,644,647.14 5,644,647.14
Total ₱9,191,419.89 ₱ 9,221,419.89
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