Note 6 – Receivables
Loans and Receivable Accounts 2024 2023
Loans Receivable-LGU ₱270,666.67 ₱270,666.67
Allowance for Impairment 0.00 270,666.67 0.00 270,666.67
Interest Receivable 169,165.44 158,037.07
Allowance for Impairment 0.00 169,165.44 0.00 158,037.07
Loans Receivable-Others 1,391,260.85 1,391,260.85
Allowance for Impairment 0.00 1,391,260.85 0.00 1,391,260.85
Total ₱1,831,092.96 ₱1,819,964.59
Inter-Agency Receivable 2024 2023
Due from NGAs ₱8,903,354.35 ₱8,703,354.35
Allowance for Impairment 971,817.21 7,931,537.14 971,817.21 7,731,537.14
Due from GOCCs 125,000.00 1,625,000.00
Allowance for Impairment 0.00 125,000.00 0.00 1,625,000.00
Due from LGUs 84,256,397.42 79,965,092.46
Allowance for Impairment 677,856.20 83,578,541.22 677,856.20 79,287,236.26
Total ₱91,635,078.36 ₱88,643,773.40
Transfers to other government agencies represent those funds appropriated for specific projects with
a Memorandum of Agreement duly approved by the Chief Executive. These funds were received
on the basis of the project budgets submitted. Accordingly, the Province is contractually bound to
spend these funds only in connection with the projects. Furthermore, the contracts stipulate that the
funds received for the project may only be applied to the costs incurred for the project as and when
the phases of the project are certified as complete. The conditions remaining, therefore, represent
phases of the projects that are yet to be certified as complete. The return of the unspent portion of
the fund is subject to the conditions stated in the respective Memorandum of Agreement executed
between the Province and the proponent government agencies.
Intra Agency Receivables 2024 2023
Due from other Funds ₱ 49,934,080.32 ₱ 9,435,272.73
Total ₱ 49,934,080.32 ₱ 9,435,272.73
Advances 2024 2023
Advances for Operating Expenses ₱ 4,344,895.06 ₱ 4,342,517.26
Advances for Payroll 3,402,109.99 2,757,532.21
Advances to Special Disbursing Officers 50,336,153.77 49,217,837.58
Advances for Officers and Employees 2,408,237.89 2,217,815.73
Total ₱ 60,491,396.71 ₱ 58,535,702.78
Other Receivables 2024 2023
Receivables-Disallowances/Charges ₱25,096,321.86 ₱29,984,258.03
Allowance for Impairment 0.00 25,096,321.86 0.00 29,984,258.03
Due from Officers and Employees 804,105.29 985,193.99
Allowance for Impairment 56,618.26 747,487.03 56,618.26 928,575.73
Due from NGOs/Pos 5,867,050.00 5,117,050.00
Allowance for Impairment 0.00 5,867,050.00 0.00 5,117,050.00
Other Receivables 62,406,069.04 54,602,599.17
Allowance for Impairment 1,054,731.41 61,351,337.63 1,054,731.41 53,547,867.76
Total ₱93,062,196.52 ₱89,577,751.52
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