Note 26.3 – Taxes, Insurance Premiums and Other Fees
This consists of the following:
2024 2023
Taxes, Duties and Licenses ₱ 619,703.50 ₱ 738,100.81
Fidelity Bond Premiums 257,100.00 201,750.00
Insurance Expenses 683,768.71 795,168.19
Total ₱ 1,560,572.21 ₱ 1,735,019.00
Note 26.4 – Other Maintenance and Operating Expense
This consists of the following:
Advertising Expenses ₱ 250,000.00 ₱ 75,500.00
Printing and Publication Expenses 426,486.00 180,990.00
Rent/Lease Expenses 19,400.00 167,131.00
Membership Dues and Contributions to
Organizations 0.00 20,000.00
Subscription Expenses 0.00 0.00
Donations 37,287,130.35 40,955,923.90
Other Maintenance and Operating Expenses 23,952,221.14 20,131,099.34
Total ₱ 61,935,237.49 ₱ 61,530,644.24
The Donations account of ₱37,287,130.35 for CY 2024 is composed of the following:
Electric Subsidy ₱ 14,009,741.88
Annual Financial Assistance to Registered Senior Citizens and
Mortuary Cash Assistance to family of deceased Senior Citizens 8,582,400.00
Donations to Valencia Health Care Program Beneficiaries 6,934,757.43
Donations to indigent families, persons in Crisis situation, persons
with disabilities, disadvantaged women, Children in conflict with
the law which Amount came from DSWD – Local 7,760,231.04
Total ₱ 37,287,130.35
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