Inter-Agency Receivables 2024 2023
Due from National Government
Agencies ₱ 5,095.02 ₱ 5,095.02
Allowance for Impairment – Due from
NGAs (5,095.02) (5,095.02)
Due from Local Government Units 2,143,533.20 2,143,533.20
Allowance for Impairment of Due
from LGUs (2,143,533.20) (2,143,533.20)
₱ 0.00 ₱ 0.00
Other Receivables
Other Receivables 62,656.15 62,656.15
Allowance for Impairment – Other
Receivables (36,600.00) (36,600.00)
₱ 26,056.15 ₱ 26,056.15
Total – Non-Current Receivables ₱ 307,975,903.45 ₱ 242,902,842.88
Total Receivables ₱ 426,927,316.21 ₱ 353,150,555.04
Due from/Due to Other Funds amounting to ₱4,390,062.73 in CY 2023, being
reciprocal accounts, were eliminated in the preparation of Consolidated Financial Statements.
Due from Local Government Units account shows a total amount of ₱2,143,533.20,
of which ₱2,108,858.92 represents a claim from the Provincial Government of Negros
Oriental as its share in the 1992 Franchise Tax paid by the National Power Corporation.
The Advances to Special Disbursing Officer account of ₱4,014,000.00 represents
cash advances for confidential and intelligence expenses granted before the issuance of
COA-DBM-DILG-GCG Joint Circular No. 2015-01 dated January 8, 2015. Liquidation of
₱4,013,000.00 was sent to the Commission on Audit Central Office. To date, no credit advice
was received by the LGU.
The Advances to Officers and Employees account of ₱21,061.00 represents cash
advances for travel granted to personnel of the Municipality. Liquidation of ₱700.00 was
made in January 2025, but the remaining ₱20,361.00 remains unliquidated.
The balance of Loans Receivables – Others comprises ₱1,283,562.00 for electrical
installation loan granted to qualified electrical consumers residing within the territorial
jurisdiction of the Municipality, while the ₱213,750.00 balance represents the loan extended
to the Valencia Contract Growers Association, in CY 2013 and prior years.
The account Receivables – Disallowances/Charges, in the amount of ₱1,904,585.92,
is the remaining balance of the claim against municipal officials and employees arising from
audit disallowances of ₱3,889,422.32, which became final and executory on November 21,
2014. On the other hand, the ₱79,893.30 represents Notice of Disallowance issued in 1997.
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