Municipality of Panglao

STATEMENT OF INCOME AND EXPENSES

Fund 101 (General Fund)

For the Year Ended December 31, 2010

(With Comparative Figures for CY 2009)

2010

2009

TAX REVENUE

Local Taxes

Business Tax

7,861,961.39

6,039,205.80

Community Tax

606,799.78

510,126.91

Franchise Tax

-

13,302.00

Occupation Tax

7,807.80

6,038.50

Printing and Publication Tax

30,272.00

2,222.00

Real Property Tax

1,479,284.35

1,329,657.49

Special Education Tax

-

-

Fines and Penalties- Local Taxes

216,457.74

210,917.03

Total Local Taxes

10,202,583.06

8,111,469.73

GENERAL INCOME ACCOUNTS

Internal Revenue Allotment

39,849,972.00

37,511,275.00

Permits and Licenses

Fees on Weights and Measures

6,160.00

5,880.00

Permit Fees

2,156,205.56

1,982,685.94

Other Permits and Licenses

1,920,083.93

1,776,613.27

Service Income

Clearance and Certification Fees

346,201.00

348,688.00

Garbage Fees

302,100.00

293,100.00

Business Income

Income from Markets

480,204.00

406,414.00

Income from Waterworks System

3,818,439.24

3,844,372.19

Total Business Income

48,879,365.73

46,169,028.40

Other Income

Interest Income

232,277.49

1,756,035.79

Total Other Income

232,277.49

1,756,035.79

TOTAL OPERATING INCOME

59,314,226.28

56,036,533.92

EXPENSES

PERSONAL SERVICES

Salaries and Wages

Salaries and Wages- Regular

8,572,105.96

8,467,162.31

Salaries and Wages- Contractual

4,670,665.48

1,511,779.80

Other Compensation

Personal Economic Relief Allowance (PERA)

599,000.00

411,500.00

Additional Compensation (ADCOM)

2,011,000.00

1,449,000.00

Representation Allowance (RA)

919,950.00

820,950.00

Transportation Allowance (TA)

919,950.00

820,950.00

Clothing/Uniform Allowance

500,000.00

344,000.00

Subsistence, Laundry and Quarter Allowance

181,500.00

198,000.00

Honoraria

68,000.00

49,000.00

Hazard Pay

328,413.00

353,043.00

Cash Gift

715,000.00

357,500.00

Year End Bonus

1,126,062.00

840,468.50

Personal Benefits Contributions

Life and Retirement Insurance Contributions

1,359,732.72

1,181,126.65

PAG-IBIG Contributions

65,100.00

64,100.00

PHILHEALTH Contributions

133,287.50

117,287.50

ECC Contributions

170,618.20

156,003.07

Other Personal Benefits

Terminal Leave Benefits

426,853.76

79,887.25

Other Personal Benefits

3,276,000.00

3,315,900.00

Total Personal Services

26,043,238.62

20,537,658.08

MAINTENANCE AND OTHER OPERATING EXPENCES

Travelling Expenses

Travelling Expenses- Local

549,511.43

477,378.48

Training and Scholarship Expenses

Training Expenses

272,862.60

227,196.75

Supplies and Material Expenses

Office Supplies Expense

807,675.14

640,127.19

Accountable Forms Expenses

82,075.00

149,342.50

Food Supplies Expenses

-

Medical, Dental and Laboratory Supplies Expenses

373,641.96

261,169.32

Gasoline, Oil and Lubrication Expenses

403,662.50

427,776.31

Utility Expenses

Electricity Expenses

3,085,395.54

2,284,944.01

Communication Expenses

Postage and Deliveries

-

1,800.00

Telephone Expenses- Landline

120,418.21

102,968.86

Telephone Expenses- Mobile

138,275.00

153,695.00

Internet Expenses

995.00

5,970.00

Advertising Expense

148,576.00

39,935.00

Representation Expenses

46,488.77

12,890.20

Subscriptions Expenses

44,083.09

33,734.00

Professional Services

Auditing Services

13,603.28

16,294.75

Consultancy Services

-

General Services

230,000.00

4,669,413.43

Janitorial Services

661,885.00

521,531.20

Repairs and Maintenance

Buildings

Repairs and Maintenance- Office Buildings

229,097.45

159,318.54

Repairs and Maintenance- Market and Slaughterhouse

-

2,525.19

Office Equipment, Furniture and Fixtures

Repairs and Maintenance- Office Equipment

20,083.00

20,545.35

Repairs and Maintenance- IT Equipment and Software

-

7,400.00

Transportation Equipment

Repairs and Maintenance- Motor Vehicles

221,977.72

214,773.29

Repairs and Maintenance- Watercrafts

24,103.00

55,777.35

Public Infrastructures

Repairs and Maintenance- Roads, Highways and Bridges

-

165,664.41

Repairs and Maintenance- Plazas, Parks and Monuments

55,068.70

23,296.00

Repairs and Maintenance- Artesian Wells, Reservoirs,

Pumping Stations and Conduits

116,879.83

76,891.00

Confidential, Intelligence, Extraordinary and Miscellaneous Exp.

Confidential Expenses

928,188.00

275,000.00

Taxes, Insurance Premiums and Other Fees

Fidelity Bond Premiums

-

10,125.00

Insurance Expences

71,596.20

51,866.01

Other Maintenance and Operating Expenses

Other Maintenance and Operating Expenses

5,386,610.12

6,490,118.46

TOTAL OPERATING EXPENSES

14,032,752.54

17,579,467.60

INCOME FROM OPERATIONS

FINANCIAL EXPENSES

Less:

Donations

141,900.00

107,050.00

Total

141,900.00

107,050.00

NET INCOME

19,096,335.12

17,812,358.24