Appendix C.1
Province of Negros Oriental
Municipality of Vallehermoso
STATEMENT OF CHANGES IN NET ASSETS/EQUITY
General Fund
As of December 31, 2024
(With Comparative Figures for CY 2023)
2024 2023
Balance at January 1, 2024 405,690,639.95 375,173,278.75
Add (Deduct)
Change in Accounting Policy 0.00 0.00
Prior Period Errors 69,135.13 90,872.72
Restated Balance 405,759,775.08 375,264,151.47
Add (Deduct) Changes in net assets/equity during the year
Adjustment of net revenue recognized directly in net assets/equity (7,312,795.79) 0.00
Surplus (Deficit) for the period 25,279,201.77 30,426,488.48
Total recognized revenue and expenses for the period 17,966,405.98 30,426,488.48
Balance at December 31, 2024 423,726,181.06 405,690,639.95
