Special Education Fund

BALANCE SHEET

Fund 221

As of December 31, 2010

(With Comparative Figures for CY 2009)

2010

2009

ASSETS

CURRENT ASSETS

CASH

Cash in Banks - Local Currency

Cash in Banks - Local Currency, Current Account

3,263,324.75

2,435,415.09

Total Cash

3,263,324.75

2,435,415.09

RECEIVABLES

Receivable Accounts

Real Property Tax Receivables

(364,747.07)

(364,747.07)

Intra-agency Receivables

Due from Other Funds

80,000.00

80,000.00

Total Receivables

(284,747.07)

(284,747.07)

INVENTORIES

Supplies

Accountable Forms Inventory

-

37,237.00

Total Inventories

-

37,237.00

TOTAL CURRENT ASSETS

2,978,577.68

2,187,905.02

PROPERTY, PLANT AND EQUIPMENT (Net of Depreciation)

BUILDINGS

Markets and Slaughterhouses

-

Other Structures

123,050.35

123,050.35

Total Buildings

123,050.35

123,050.35

TOTAL PROPERTY, PLANT AND EQUIPMENT

OTHER ASSETS

Other Assets

Total Other Assets

TOTAL ASSETS

3,101,628.03

2,273,718.37

LIABILITIES

CURRENT LIABILITIES

Payable Accounts

Accounts Payable

105,495.31

105,495.31

Inter-Agency Payables

Due to BIR

-

14,555.12

Due to GSIS

338.68

28,801.94

Due to PAG-IBIG

-

4,000.00

Due to PHILHEALTH

-

9,726.50

Due to Other NGAs

9,726.50

36,877.75

Due to Other GOCCs

36,877.75

-

Due to LGUs

48,405.65

48,405.89

Intra-Agency Payables

Due to Other Funds

244,602.87

244,602.87

Other Liability Accounts

Other Payables

16,133.72

19,200.15

Total Current Liabilities

461,580.48

511,665.53

DEFERRED CREDITS

Deferred Real Property Tax Income

(456,761.14)

(456,761.14)

Other Deferred Credits

-

-

Total Deferred Credits

(456,761.14)

(456,761.14)

EQUITY

Government Equity- Beg.

2,218,813.98

1,143,332.59

Add; Retained Operating Surplus:

877,994.71

1,075,481.09

Government Equity, December 31, 2009

3,096,808.69

2,218,813.68

TOTAL LIABILITIES AND EQUITY

3,101,628.03

2,273,718.07