Note 21 – Non-Cash Expenses
This consists of the following:
2024 2023
Depreciation – Land Improvements ₱ 11,063.25 ₱ 11,063.25
Depreciation – Infrastructure Assets 14,835,001.52 13,034,831.17
Depreciation – Buildings and Other
Structures 5,064,017.55 4,652,675.00
Depreciation – Machinery and Equipment 4,238,621.88 2,447,886.50
Depreciation – Transportation Equipment 2,349,790.80 1,950,221.73
Depreciation – Furniture, Fixtures and Books 96,811.56 97,322.95
Depreciation – Other Property, Plant and
Equipment 692,638.82 724,702.11
Total Non-Cash Expenses ₱ 27,287,945.38 ₱ 22,918,702.71
Note 22 – Transfers, Assistance and Subsidy to
This consists of the following:
Subsidy to Other Local Government Units ₱ 975,000.00 ₱ 1,046,416.78
Subsidy to Other Funds 2,571,529.77 3,838,501.95
Total Transfers, Assistance and Subsidy to ₱ 3,546,529.77 ₱ 4,884,918.73
The Subsidy to NGAs pertains to the Municipal Government’s counterpart
contribution for the implementation of nationally funded projects that require local
equity. The Subsidy to Other Local Government Units represents assistance extended to
the ten barangays within the Municipality. Meanwhile, the Subsidy to Other Funds
pertains to the unspent Quick Respond Fund and Pre-Disaster Preparedness Fund from
the CY 2024 LDRRM Fund, which is due for transfer to the Special Trust Account in the
ensuing year.
Note 23 – Reconciliation of Net Cash Flows from Operating Activities to
Surplus/(Deficit)
Surplus/(Deficit) ₱( 3,109,581.44) ₱ 5,907,889.94
Non-cash transactions:
Grants and Donations in Kind – PPE 0.00 0.00
Depreciation 27,287,945.38 22,918,702.71
(Decrease ) Increase in Payables 10,572,739.02 3,195,437.47
Increase in current assets – inventories 80,678.00 (45,990.00)
Prior Period Adjustment 0.00 (20,374.94)
(Increase) Decrease in Receivables (127,178.65) (2,030,848.61)
Net Cash from Operating Activities ₱ 34,704,602.31 ₱ 29,924,816.57
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