Statement of Income & Expenses Fund 221
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Municipality of Panglao |
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STATEMENT OF INCOME AND EXPENSES |
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Fund 221 (Special Education Fund) |
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For the Year Ended December 31, 2010 |
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(With Comparative Figures for CY 2009) |
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2010 |
2009 |
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TAX REVENUE |
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Local Taxes |
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Real Property Tax- Special Education Fund |
1,848,908.68 |
1,658,975.69 |
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Total Local Taxes |
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1,848,908.68 |
1,658,975.69 |
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GENERAL INCOME ACCOUNTS |
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Other Income |
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Interest Income |
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18,732.93 |
11,538.16 |
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Total Other Income |
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18,732.93 |
11,538.16 |
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TOTAL OPERATING INCOME |
1,867,641.61 |
1,670,513.85 |
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EXPENSES |
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PERSONAL SERVICES |
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Salaries and Wages |
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Salaries and Wages- Contractual |
95,960.00 |
260,511.50 |
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Other Compensation |
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Personal Economic Relief Allowance (PERA) |
11,000.00 |
21,000.00 |
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Additional Compensation (ADCOM) |
33,000.00 |
63,000.00 |
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Clothing/Uniform Allowance |
8,000.00 |
12,000.00 |
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Cash Gift |
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10,000.00 |
16,250.00 |
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Year End Bonus |
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8,360.00 |
13,035.00 |
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Personal Benefits Contributions |
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Life and Retirement Insurance Contributions |
12,540.00 |
20,050.80 |
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PHILHEALTH Contributions |
1,200.00 |
2,150.00 |
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Other Personal Benefits |
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Other Personal Benefits |
40,000.00 |
17,795.40 |
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Total Personal Services |
220,060.00 |
425,792.70 |
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MAINTENANCE AND OTHER OPERATING EXPENCES |
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Travelling Expenses |
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Travelling Expenses- Local |
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27,157.56 |
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Training and Scholarship Expenses |
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Training Expenses |
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4,500.00 |
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Supplies and Material Expenses |
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Office Supplies Expense |
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25,800.00 |
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Communication Expenses |
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Telephone Expenses- Landline |
5,600.00 |
7,280.00 |
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Repairs and Maintenance |
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Buildings |
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Repairs and Maintenance- Office Buildings |
51,783.52 |
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Other Maintenance and Operating Expenses |
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Other Maintenance and Operating Expenses |
712,203.38 |
104,502.50 |
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TOTAL OPERATING EXPENSES |
769,586.90 |
169,240.06 |
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INCOME FROM OPERATIONS |
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FINANCIAL EXPENSES |
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Less: |
Donations |
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Total |
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NET INCOME |
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877,994.71 |
1,075,481.09 |
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