Note 23 – Reconciliation between actual amounts on a comparable basis as presented in
the SCBAA and in the Statement of Financial Performance for the Year Ended December
31, 2024
Maintenance
Personal and Other Financial
Income Capital Outlay
Services Operating Expenses
Expenses
Comparison Statement of Budget and Actual 940,802,925.41 331,947,944.75 448,643,460.23 30,481,848.57 586,310,572.55
Entity Differences
Basis Differences: 0.00 0.00 (34,910,143.28) (28,561,052.77) 0.00
Income not considered budgetary items 0.00 0.00 0.00 0.00 0.00
Non-cash income
Interest Income on Deposits
Gain on Sale of Assets
Discount on Real Property Tax
Discount on Taxes
Losses
Income/Expense from TF (not covered by
appropriations)
Receipts not considered as income 0.00 0.00 0.00 0.00 0.00
Sale of capital assets
Borrowings
Expenses not considered budgetary items 0.00 0.00 0.00 (2,260,750.50) 0.00
Bank Charges (2,260,750.50)
Budgetary items not considered as expenses 0.00 0.00 (32,800,779.36) (26,300,302.27) 0.00
Debt Service (Loan Amortization,
Retirement of Debt Instruments) (15,124,745.66)
Interest Expenses capitalized (11,175,556.61)
Capital Expenditures
Tax on Interest Income
Refund from overpayment of travel, salary
& etc. adjustment not reflected in SAAO
Transfers, Assistance and Subsidy to (24,127,828.90)
Unspent DRRM transferred to Trust Fund (8,672,950.46)
Budgetary adjustments (cancelled checks,
erroneous OBR and etc.)
Timing Differences: 0.00 0.00 (2,109,363.92) 0.00 0.00
Prepayments charged to current
appropriations
Unconsumed Inventories charged to
current appropriations
Consumed Inventories and deferred charges
charged to prior period appropriations
Prior Period Adjustment
Capital Outlay debited to MOOE (243,795.00)
Unliquidated Advances and Prepayments
charged to current appropriations (1,865,568.92)
Other Adjustments (Final Interest on Income
Tax Received)
Unreconciled amount
Discount on Real Property Tax
Final Tax on Interest Income Received
Commitments (Obliged but not
delivered/billed)
Per Statement of Financial Performance 940,802,925.41 331,947,944.75 413,733,316.95 1,920,795.80 586,310,572.55
Note: Excludes figures for the Trust Fund Statement of Financial Performance as these are also not included in the SCBAA, explaining the differences
noted under PS and MOOE
37
