Meta PixelAnnual Audit Report 2024 — Municipality of Valencia — Page 26

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                                                         2024                    2023
 Semi-Expendable Sports Equipment                          291,750.00                     0.00
 Semi-Expendable Construction Equipment                     73,611.70                     0.00
 Semi-Expendable Other Machinery and
   Equipment                                               679,672.35                     0.00
Semi-Expendable Furniture, Fixtures and
   Books
 Semi-Expendable Furniture and Fixtures                  1,125,255.43                    0.00
 Semi-Expendable Books                                       1,000.00                    0.00
Total Inventories                               ₱      40,413,233.97       ₱    29,006,052.10

       No inventory items were pledged as security during the current or prior financial year.

Merchandise Inventory

       This account refers to the cost of accountable forms acquired for resale to Barangay
Treasurers of the Municipality.

Welfare Goods for Distribution

        This represents the cost of food items distributed to people affected by calamities and
disasters.

Agricultural and Marine Supplies for Distribution

         This account includes purchases of fertilizers intended for distribution to farmers
under the Comprehensive Agricultural and Livelihood Program of the Municipality form part
of this account.

Office Supplies Inventory

       The balance of this account represents the tangible assets with a serviceable life of
more than one year but with a value small enough to be classified as PPE.

Chemical and Filtering Supplies Inventory

        This account pertains to the cost of sodium hypochlorite used for water purification
and disinfection.

Other Supplies and Materials Inventory

       This account is comprises of tangible assets with a serviceable life of more than one
year but with a value small enough to be classified as PPE.




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