Financial Profile

Category: About Us Published: Thursday, 28 July 2016 Written by Super User

For the Year 2015

1.    APPROPRATIONS

Revenues:

Tax Revenue

21,147,640.00

Non-Tax Revenue

9,465,680.00

Receipts from Economic Enterprise

16,620,000.00

Other Receipts

295,000.00

Share from Internal Revenue Collections (IRA)

98,333,475.00

Total Estimated Revenues

145,861,795.00

Expenditures:

Personnel Services

64,829,665.07

Maintenance and Other Operating Expenses

34,130,918.05

Capital Outlay

12,776,577.23

Financial Expenses

886,389.90

Special Purpose Appropriations

7,081,460.00

Budgetary Requirements

26,156,784.75

Total Estimated Expenditures

145,861,795.00

2.    CONSOLIDATED & CONDENSED FINANCIAL STATEMENTS

a)    Statement of Financial Performance

For the Year Ended December 31, 2015

Revenues:

Local Taxes

32,333,039.67

Business and Service Income

11,241,714.98

Income from Economic Enterprise

18,472,926.51

Share from Internal Revenue Collections (IRA)

98,333,475.00

Total

160,381,156.16

Expenses:

Personnel Services

61,619,634.51

Maintenance and Other Operating Expenses

60,946,373.24

Total

122,566,007.75

Income from Operations

37,815,148.41

Less:

Financial Expenses

865,640.60

Subsidies and Donations

4,911,860.00

Total

5,777,500.60

Surplus for the Year

32,037,647.81

b)   Statement of Financial Position

As at December 31, 2015

Assets

Current Assets

185,211,517.18

Non-current Assets

163,676,852.25

Total Assets

348,888,369.43

Liabilities and Equity

Liabilities

119,194,575.93

Net Assets/Government Equity

229,693,793.50

Total Liabilities and Net Assets/Equity

348,888,369.43

c)    Statement of Cash Flows

For the Year Ended December 31, 2015

Cash Flow from Operating Activity

54,032,834.71

Cash Flow Used by Investing Activity

(33,772,688.92)

Cash Flow Used by Financing Activity

(1,928,819.28)

Total Cash Provided

18,331,326.51

Add: Cash – Beginning of the Year

116,950,128.63

Cash Balance – End of the Year

135,281,455.14

 

Breakdown:

General Fund

102,820,573.00

Special Education Fund

11,405,459.01

Trust Fund

21,055,423.13

Total

135,281,455.14

 

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