Cash in Banks- Local Currency, Savings Account of P 51,922,662.28 maintained at the
Development Bank of the Philippines, Dumaguete City Branch is place under a Special
Savings Deposit that earn higher interest rate compared to regular current account. The term
of special saving deposit is one month, renewable monthly in a roll-over including interest.
Withdrawable any time without attached condition.
Note 5. Receivables, Net
Current Receivables, Net
2024 2023
Loans and Receivable Accounts
Real Property Tax Receivable 4,401,705.95 2,525,330.05
Allowance for Impairment - RPT Receivable
Special Education Tax Receivable 2,411,417.00 768,469.75
Allowance for Impairment - SET Receivable 0.00 0.00
Inter-Agency Receivables
Due from NGAs 5,299.26 5,299.26
Allowance for Impairment - Due from NGAs 0.00 0.00
Due from LGUs 168,847.57 168,847.57
Allowance for Impairment - Due from LGUs 0.00 0.00
Intra-Agency Receivables
Due from Other Funds 7,727,233.23 4,030,666.98
Elimination of Reciprocal Accounts (3,708,595.99) 0.00
Advances
Advances for Operating Expenses 500.00 500.00
Advances to Special Disbursing Officer 3,061,123.74 2,374,393.74
Advances for Officers and Employees 50,218.56 6,000.00
Other Receivables
Receivables - Disallowances/Charges 7,100.00 7,100.00
Allowance for Impairment - Receivables-
0.00 0.00
Disallowances/Charges
Due from Officers and Employees 12,834.89 0.00
Allowance for Impairment - Due from Officers and
0.00 0.00
Employees
Other Receivables 279,158.72 290,230.08
Allowance for Impairment - Other Receivables 0.00 0.00
Total Current Receivables, Net ₱ 14,416,842.93 10,176,837.43
Advances to Special Disbursing Officers of P 3,061,123.74 were cash advances granted to
various Special Disbursing Officers duly designated for the purpose. The increased in the
amount represent advances granted for the current year 2024 Buglasan Festival Celebration.
Accountable Officers/Employees involved are properly notified, final demand letters had been
issued to each special disbursing officers/employees, with their corresponding amount of
accountability duly singed and acknowledge by accountable officers. The list of accountable
officers together with the copy of the final demand letter was already endorse to the Local
Chief Executive for appropriate actions.
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