For the Year 2015
1. APPROPRIATIONS
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 of 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 |