Life of Estimated Current Year's Estimated
Estimated Prior Years'
Date Asset in Cost of Depreciation Depreciation Accumulated
Account Title Useful Life Depreciation
Completed Months as Asset Expense per Expense (CY Depreciation
in Months not taken up
of 12/31/24 month 2024) as of 12/31/24
I. INFRASTRUCTURE ASSETS
Road Networks (1-07-03-010)
Cluster II Concreting Brgy.
Sto. Niño Road (intermittent
1 section) and Concreting of 07/18/14 240 125 ₱15,985,138.20 ₱66,604.74 ₱7,526,335.90 ₱799,256.91 ₱8,325,592.81
Sitio Inolocan, Bahian FMR,
Tanjay
Cluster I Concreting of Bolon
2 12/14/14 240 121 16,947,545.72 70,614.77 7,697,010.35 847,377.28 8,544,387.63
Pal-ew Road (Intermittent)
Cluster II Concreting of
3 Barangay Road at Barangay 12/03/14 240 121 3,990,100.64 16,625.42 1,812,170.71 199,505.03 2,011,675.74
San Isidro
Cluster A FMR projects
4 (FMR Carsadang Daan, 08/04/15 240 113 2,910,700.70 12,127.92 1,224,919.88 145,535.04 1,370,454.91
Brgy.Luca), Tanjay City
Road Rehabilitation/
5 Regravelling of Sitio Banlas, 03/10/16 240 106 1,235,456.20 5,147.73 483,887.01 61,772.81 545,659.82
Azagra
Sub-Total - Road Networks 41,068,941.46 171,120.59 18,744,323.85 2,053,447.07 20,797,770.92
Flood Control System (1-07-03-020)
Cluster D II River Control at
6 Barangay I (₱3M), Tanjay 02/20/14 300 130 2,988,383.29 8,965.15 1,057,887.68 107,581.80 1,165,469.48
City
Construction of Flood
7 Control Dike along Tanjay 10/27/20 300 50 7,999,303.54 23,997.91 911,920.60 287,974.93 1,199,895.53
River, Tanjay City
Construction of Flood
8 Control Dikes along Tanjay 01/09/20 300 60 7,997,429.35 23,992.29 1,151,629.83 287,907.45 1,439,537.28
River, San Isidro
Drainage Canal Project,
9 04/29/24 300 8 9,990,346.89 29,971.04 - 239,768.33 239,768.33
Tanjay City.
Sub-Total - Flood Control System 28,975,463.07 86,926.39 3,121,438.11 923,232.51 4,044,670.62
TOTAL - INFRASTRUCTURE ASSETS 70,044,404.53 258,046.98 21,865,761.96 2,976,679.58 24,842,441.54
II. BUILDINGS AND OTHER STRUCTURES
Buildings (1-07-04-010)
Construction of Single
1 Detached Shelter of 82 units 02/28/17 360 94 5,159,663.19 12,899.16 1,057,730.95 154,789.90 1,212,520.85
of Barangay Sta. Cruz Viejo
Tanjay City Resettlement
2 08/08/16 360 101 8,123,338.87 20,308.35 1,807,442.90 243,700.17 2,051,143.07
Project at Sta, Cruz Viejo
Construction of Evacuation
3 Center at Sitio Ling-ab, San 03/03/21 360 46 1,796,299.15 4,490.75 152,685.43 53,888.97 206,574.40
Miguel, Tanjay City
Sub-Total - Buildings 15,079,301.21 37,698.25 3,017,859.28 452,379.04 3,470,238.32
School Buildings (1-07-04-020)
Extension/Completion of
4 03/03/20 360 58 998,245.80 2,495.61 114,798.27 29,947.37 144,745.64
BHS at Barangay Pal-ew
Sub-Total - School Buildings 998,245.80 2,495.61 114,798.27 29,947.37 144,745.64
Hospitals and Health Centers (1-07-04-030)
Single storey, Science
Laboratory Building at
5 03/27/09 240 189 1,270,829.57 4,765.61 843,513.13 57,187.33 900,700.46
Tanjay National High School,
Opao
Sub-Total - Hospitals and Health Centers 1,270,829.57 4,765.61 843,513.13 57,187.33 900,700.46
TOTAL – BUILDINGS AND OTHER STRUCTURES 17,348,376.58 44,959.48 3,976,170.67 539,513.74 4,515,684.42
OVER-ALL TOTAL ₱87,392,781.11 ₱303,006.46 ₱25,841,932.64 ₱3,516,193.32 ₱29,358,125.96
Note: Paragraph 14 of COA Circular No. 2015-008, prescribing the Accounting and Reporting Guidelines on the Local Roads Asset Management
System, states that "No residual value shall be provided for the depreciable components of the road network system."
4.9. Due to the aforementioned deficiencies, the CIP-Infrastructure Assets and CIP-
Building and Other Structures under the TF accounts were overstated by
₱14,281,247.86 and ₱73,111,533.25, respectively. Meanwhile, the PPE accounts for
Road Networks, Flood Control System, Buildings, School Buildings, and Hospitals
and Health Centers under the GF were understated by ₱41,068,941.46,
₱28,975,463.07, ₱15,079,301.21, ₱998,245.80, and ₱1,270,829.57, respectively,
totaling ₱87,392,781.11.
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