Note 25: Transfers, Assistance, and Subsidy From
2024 2023
Subsidy from Other Local Government
₱ 2,597,291.43 0.00
Units
Total Transfers, Assistance, and Subsidy
₱ 2,597,291.43 0.00
From
Note 26: Transfers, Assistance, and Subsidy To
Subsidy to Other Local Government
₱ (15,000.00) (15,000.00)
Units
Transfers of Unspent Current Year
(2,694,228.33) (2,515,923.33)
DRRM Funds to the Trust Funds
Transfers for Project Equity Share/LGU
0.00 (930,000.00)
Counterpart
Total Transfers, Assistance, and Subsidy
₱ (2,709,228.33) (3,460,923.33)
To
Note 27: Local Disaster Risk Reduction Management Fund (LDRRMF)
The LDRRMF represents the amount set aside by the LGU to support its disaster
risk management activities pursuant to R.A. No. 10121, otherwise known as the
"Philippine Disaster Risk Reduction and Management Act of 2010." The amount
available and utilized during the year totaled ₱15,756,849.42 and ₱1,838,882.50,
respectively, broken down as follows:
Amount
Particulars
Available Utilized Balance
Current Year Appropriation:
Quick Response Fund (QRF) 2,694,228.33 0.00 2,694,228.33
Mitigation Fund (MF)
MOOE 3,314,127.50 1,838,882.50 1,475,245.00
Capital Outlay 3,286,532.77 0.00 3,286,532.77
Sub-Total P9,294,888.60 P1,838,882.50 P7,456,006.10
Continuing Appropriation: 434,035.80 0.00 434,035.80
Special Trust Fund
CY 2019-2022 465,422.34 0.00 465,422.34
CY 2023 5,562,502.68 0.00 5,562,502.68
Sub-Total 6,027,925.02 0.00 6,027,925.02
Grand Total P15,756,849.42 P1,838,882.50 P13,917,966.92
Note 28: Road Network System
The LGU has a total of 62.297 kilometers of roads with a total cost of
₱125,945,772.54. For the year ended, the agency spent a total of ₱4,270,038.45 for
local road additions, no major repairs and regular maintenance were made or
incurred during the year. There were no reductions recorded due to derecognition.
There was no impairment recorded and no reversal of impairment in the year ended
for this asset.
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