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Municipality of Vallehermoso
Statement of Comparison of Budget and Actual Amounts
For the Year Ended December 31, 2024
(With Comparative Figures for CY 2023)
Budgeted Amounts Difference Difference
Actual Amounts
Particulars Original Final Original and Final Budget Final Budget and Actual
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023
Revenue
A. Local Sources
1. Tax Revenue
a. Tax Revenue - Property 787,225.46 908,103.97 787,225.46 908,103.97 - - 886,997.92 1,019,7203.07 (99,772.46) (111,619.10)
b. Tax Revenue - Goods and
2,210,000.00 1,603,586.20 2,210,000.00 1,603,586.20 - - 3,872,219.95 3,182,259.94 (1,662,219.95) (1,578,673.74)
Services
c. Other Local Taxes 510,000.00 428,772.51 510,000.00 428,772.51 - - 553,112.95 709,346.88 (43,112.95) (280,574.37)
Total Tax Revenue 3,507,225.46 2,940,462.68 3,507,225.46 2,940,462.68 - - 5,312,330.82 4,911,329.89 (1,805,105.36) (1,970,867.21)
2. Non-Tax Revenue
a. Service Income 1,325,000.00 1,366,677.74 1,325,000.00 1,366,677.74 - - 2,317,427.87 2,653,538.60 (992,427.87) (1,286,860.86)
b. Business Income 6,255,000.00 4,712,629.12 6,255,000.00 4,712,629.12 - - 11,018,860.00 8,140,074.34 (4,763,860.00) (3,427,445.22)
c. Other Income and Receipts 350,000.00 538,334.43 350,000.00 538,334.43 - - 5,221,646.00 173,625.16 (4,871,646.00) 364,709.27
Total Non-Tax Revenue 7,930,000.00 6,617,641.29 7,930,000.00 6,617,641.29 - - 18,557,933.87 10,967,238.10 (10,627,933.87) (4,349,596.81)
B. External Sources
1. Share from the National
168,615,222.00 158,728,222.00 168,615,222.00 158,728,222.00 - 168,644,150.00 158,699,125.00 (28,928.00) 29,097.00
Internal Revenue Taxes (IRA)
2. Share from GOCCs - -
3. Other Shares from National
- - - - -
Tax Collections
a. Share from Ecozone - -
b. Share from EVAT - -
c. Share from National
- -
Wealth
d. Share from Tobacco Excise
- -
Tax
4. Other Receipts - - - - -
a. Grants and Donations - -
b. Other Subsidy Income - -
5. Inter-local Transfer - -
6. Capital /Investment Receipts - - - - -
a. Sale of Capital Assets - -
b. Sale of Investments - -
c. Proceeds from Collections
- -
of Loan Receivables
C. Receipts from Borrowings - -
Total Revenue and Receipts 180,052,447.46 168,286,325.97 180,052,447.46 168,286,325.97 - 192,514,414.69 174,577,692.99 (12,461,967.23) (6,291,367.02)
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