Non-Current: 2024 2023
Loans Payable – Domestic 31,776,133.83 0.00
Total Liabilities – Non-Current ₱ 31,776,133.83 ₱ 0.00
Total ₱ 79,317,667.30 ₱ 66,577,385.87
Loans Payable – Domestic account represents the 1st, 2nd, and 3rd releases of the loan
obtained by the Municipality from the Development Bank of the Philippines to finance the
construction of the Valencia Public Market Building. The amount approved was
₱60,000,000.00 or the winning bid price, whichever is lower, and the term is six (6) years
with a fixed interest rate of 3.9% per annum.
Note 14 – Inter-Agency Payables
Due to BIR ₱ 1,296,204.25 ₱ 3,134,690.76
Due to GSIS 1,450,679.86 1,061,323.72
Due to Pag-IBIG 198,430.35 149,066.15
Due to PhilHealth 250,255.19 144,613.27
Due to NGAs 125,257,946.72 91,560,691.73
Due to LGUs 9,831,519.02 12,852,807.42
Total ₱ 138,285,035.39 ₱ 108,903,193.05
The first four accounts represent the amounts deducted from the salaries of officials
and employees and are remitted to the respective government agencies immediately on the
month following the month for which these were deducted. The remaining accounts represent
balances of funds received by the LGU for specific purposes.
Note 15 – Intra-Agency Payables
Due to Other Funds ₱ 76,798,838.19 ₱ 4,892,154.48
Elimination of Reciprocal Accounts 0.00 (4,390,062.73)
₱ 0.00 ₱ 502,091.75
Due from/Due to Other Funds amounting to ₱4,390,062.73 in CY 2023 were
eliminated in the preparation of Consolidated Financial Statements.
Note 16 – Trust Liabilities
Trust Liabilities ₱ 10,633,507.32 ₱ 12,057,767.05
Trust Liabilities – Disaster Risk Reduction
& Management Fund 26,323,924.00 22,850,661.10
Bail Bonds Payable 105,495.15 105,495.15
Guaranty/Security Deposits Payable 9,299,765.66 8,123,782.55
Customers’ Deposits Payable 242,774.05 242,774.05
Total ₱ 46,605,466.18 ₱ 43,380,479.90
23
