be applied to the costs incurred for the project, as and when the phases of the project
are certified as complete. The conditions remaining therefore represent phases of
the projects that are yet to be certified as complete. Returned of the unspent portion
of the fund is subject to the conditions stated in the respective Memorandum of
Agreements executed between the LGU and the proponent government agencies.
Note 11 – Liabilities - Intra-Agency Payables
2024 2023
Due to Other Funds ₱ 23,025.01 ₱ 101,624.38
Total ₱ 23,025.01 ₱ 101,624.38
Receivables/Payables between funds in the amount of ₱10,602,399.60 has been
eliminated. Please also see Note 5.
Note 12 – Liabilities - Trust Liabilities
Trust Liabilities
Trust Liabilities ₱ 2,826,486.26 ₱ 2,987,596.85
Trust Liabilities - Disaster Risk Reduction 28,384,905.79 20,208,089.48
and Management Fund
Bail Bonds Payable 394,555.99 394,555.99
Guarantee/ Security/ Deposits Payable 42,873,977.15 9,781,508.02
Total ₱74,479,925.19 ₱33,371,750.34
Note 13– Liabilities - Deferred Credits/Unearned Income
Deferred Credits/Unearned Income
Deferred Real Property Tax ₱ 0.00 ₱ 6,276,133.53
Deferred Special Education Tax 17,246,802.25 17,121,809.63
Other Deferred Credits 28,740,674.43 28,546,898.37
Total ₱45,987,476.68 ₱51,944,841.53
Note 14– Liabilities - Other Payables
Other Payables ₱64,808,646.55 ₱23,940,588.04
Total ₱64,808,646.55 ₱23,940,588.04
Note 15 – Tax Revenue
2024 2023
Tax Revenue - Individual and
Corporation
Community tax ₱ 1,811,643.75 ₱ 1,457,010.45
Tax Revenue-Property
Real Property Tax - Basic 4,495,088.90 5,828,747.19
Special Education Tax 7,275,768.43 6,793,329.19
Real Property Transfer Tax 799,921.34 584,843.77
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