Notes to FS- Final.xlsx - Note 4 Cash and Cash Equivalents...

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Note 4. Cash and Cash Equivalents Cash on Hand 4,146,000.00 Cash- Local Treasury 1,000.00 Petty Cash Cash in Bank – Local Currency 7,674,000.00 Cash in Bank-Local Currency-Current Account Cash in Bank – Local Currency- Savings Account 3,447,000.00 Total Cash and Cash Equivalent 15,268,000.00 Note 5 - Receivables Loans and Receivable Accounts Accounts Receivable 79,000.00 Allowance for Impairment Real Property Tax Receivable Allowance for Impairment Special Education Tax Receivable Allowance for Impairment Total 79,000.00 Due from National Government Agencies 61,000.00 Allowance for Impairment Due from Government Owned and Controlled Corporation 10,000.00 Allowance for Impairment Due from Local Government Units Allowance for Impairment Due from Joint Ventures Allowance for Impairment Total 71,000.00 Intra-Agency Receivables Due from Other Funds Due from Special Accounts Due from Local Economic Enterprise Total Cash in banks earns interest based on the prevailing bank deposit rates.The LGU bank balances current account amounting to P 7,674,000.00 include an amount of P 3,000,000.00 more or less which must be used on infrastructure projects. The bank balances amounting to 3,447,000.00 include an amount of more or less P 978,000.00 for Infra Projects from National Government Agencies. Inter-Agency Receivables
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Advances Advances for Operating Expenses 5,217,000.00 Advances for Payroll 834,000.00 Advances to Special Disbursing Officer Advances for Officers and Employees 1,357,000.00 Total 7,408,000.00 Other Receivables Receivables – Disallowances and Charges Allowance for Impairment Due from Officers and Employees 5,034,000.00 Allowance for Impairment Due from Non-Government Organizations/ Peoples Organization Allowance for Impairment Other Receivables 406,000.00 Allowance for Impairment Total 5,440,000.00 As at 31 December 2015, the ageing analysis of current exchange receivables is as follows: Total Past due but not impaired 30-60 days >60 days Accounts Receivable 79,000.00 79,000.00 Real Property Tax Receivable Special Education Tax Receivable Notes Receivable Loans Receivable-GOCC Loans Receivable-LGU Interest Receivable Dividends Receivable Loans Receivables -Others Operating Lease Receivables Finance Lease Receivables Due from NGAs 61,000.00 61,000.00 Due from GOCCs 10,000.00 10,000.00 Due from LGUs Due from Joint Venture Receivables – Disallowances/ Charges Due from Officers and Employees 5,034,000.00 5,034,000.00 Due from NGOs/POs Due from officers and employees includes cash advances of previous mayor amounting to P 3,161,000.00 with an on-going case with Sandigan Bayan, Quezon City. It also includes cash advances of deceased employees amounting to P 116,000.00 Neither past due or impaired <30 days
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Other Receivables 406,000.00 25,000.00 381,000.00 Total 5,590,000.00 25,000.00 5,565,000.00 Note 6 - Inventories Inventory Held for Consumption Office Supplies Inventory 4,000.00 Accountable Forms, Plates and Stickers Non-Accountable Forms Inventory Animal/Zoological Supplies Inventory Food Supplies Inventory Drugs and Medicines Inventory Medical, Dental and Laboratory Supplies Inventory Fuel, Oil and Lubricants Inventory Agricultural and Marine Supplies Inventory Textbooks and Instructional Materials Inventory Military, Police and Traffic Supplies Inventory
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