2024 2023
Communication Equipment 134,425.08 149,463.58
Construction and Heavy Equipment 33,007,327.81 32,420,103.13
Disaster Response and Rescue Equipment 2,873,360.50 11,395,696.70
Medical Equipment 411,091.81 541,289.12
Other Machinery and Equipment 27,565.53 27,565.53
Total Machinery and Equipment ₱ 75,181,454.79 46,659,542.05
Transportation Equipment
Motor Vehicles ₱ 8,846,362.51 6,977,469.06
Water Crafts 31,700.00 31,700.00
Total Transportation Equipment ₱ 8,878,062.51 7,009,169.06
Furniture, Fixtures, and Books
Furniture and Fixtures ₱ 169,375.00 197,875.00
Books 3,000.00 3,000.00
Total Furniture, Fixtures, and Books ₱ 172,375.00 200,875.00
Construction in Progress
Construction in Progress – Infrastructure ₱
402,643.25 1,912,198.31
Assets
Construction in Progress – Buildings and
3,974,009.05 35,538,716.53
Other Structures
Total Construction in Progress ₱ 4,376,652.30 37,450,914.84
Other Property, Plant, and Equipment
Work/Zoo Animals
Other Property, Plant, and Equipment ₱ 2,673,071.39 428,876.56
Total Other Property, Plant, and
2,673,071.39 428,876.56
Equipment
Total Property, Plant, and Equipment ₱
375,535,879.35 340,158,132.47
(net)
The land account of the LGU did not include 68 parcels of land with a total area
of 271,173 sq.m. with a market value of ₱87,454,310.00 as per Municipal Assessor
Office records. Ownership thereto was covered with Tax Declarations only.
The LGU adjusted its PPE recognition in accordance with COA Circular 2022-
004, or the ₱50,000.00 threshold capitalization. The LGU measured the residual
value of all items of property, plant, and equipment, but does not expect a residual
value of these assets, because these will be utilized for their entire economic lives
and do not have a significant scrap value. During the current financial year, the
LGU reviewed the estimated useful lives and residual values of property, plant,
and equipment, where appropriate. For the Registry of Public Infrastructures now
recognized, since the COA did not issue an official circular on the estimated useful
life of these assets, per consultation with the Resident Auditor, the estimated useful
life used to depreciate said assets is based on RA 9184 section 62.2.3.2. Likewise,
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