The increase in Depreciation Expense is attributed to the recognition of
depreciation on various infrastructure assets (i.e. Roads, Water supply system, etc.). The
decrease in payables primarily due to the downloaded funds from various NGAs for the
implementation of priority programs and projects under the Local Government Support
Fund – Financial Assistance to Municipalities (LGSF-FA), which are subject to
liquidation. Additionally, the transfer of the unspent LDRRM Fund to the Trust Fund
resulted in an increase in the Trust Liabilities account.
Note 24 – Local Disaster Risk Reduction and Management Fund (LDRRMF)
The LDRRMF represents the amount set aside by the LGU to support its disaster
risk management activities pursuant to RA No. 10121, otherwise known as the
“Philippine Disaster Risk Reduction and Management Act of 2010”. The amount
available and utilized during the year totaled ₱29,770,606.38 and ₱20,371,330.60,
respectively, broken down as follows:
Particular Amount Available Amount Utilized Balance
Current Appropriation:
Quick Response Fund
(QRF) ₱ 2,412,288.70 ₱ 1,029,000.00 ₱ 1,383,288.70
Mitigation Fund (MF):
MOOE 2,528,673.65 1,340,432.58 1,188,241.07
Capital Outlay (CO) 3,100,000.00 1,592,703.00 1,507,297.00
Supplemental Budget (CO) 4,215,422.82 4,213,421.82 2,001.00
₱ 12,256,385.17 ₱ 8,175,557.40 ₱ 4,080,827.77
Continuing Appropriation: ₱ 3,806,303.47 ₱ 3,262,280.77 ₱ 544,022.70
Special Trust Fund
CY 2023 ₱ 3,838,501.95 ₱ 0.00 ₱ 3,838,501.95
CY 2022 4,683,591.89 3,747,668.53 935,923.36
CY 2021 1,499,565.92 1,499,565.92 0.00
CY 2020 1,805,845.89 1,805,845.89 0.00
CY 2019 1,880,412.09 1,880,412.09 0.00
₱ 13,707,917.74 ₱ 8,933,492.43 ₱ 4,774,425.31
Total ₱ 29,770,606.38 ₱ 20,371,330.60 ₱ 9,399,275.78
The Municipality’s total appropriation for the 5% Local Disaster Risk Reduction
and Management Fund for the current year amounted to ₱8,040,962.35. In addition, a
Supplemental Budget was approved utilizing the prior year’s unspent LDRRM Fund
totaling ₱4,215,422.82 making the total current year appropriation to ₱12,256,385.17. Of
this amount, ₱9,844,096.47 was programmed for pre-disaster related projects and
activities by the Local Disaster Risk Reduction and Management Council. In compliance
with COA Circular No. 2012-002, a total amount of ₱2,571,529.77 representing the
unexpended/unobligated balance of the Quick Respond Fund and Pre-Disaster
Preparedness Program will be transferred to the Trust Fund books in the ensuing year.
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