MUNICIPALITY OF SAN LUIS

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31, 2018
(with comparative figures for CY 2017)

Note 2018 2017

ASSETS
Current Assets
Cash and Cash Equivalents 4.1 ₱ 89,937,902.63 ₱ 75,822,655.10
Receivables 5 54,052,612.77 50,558,418.79
Inventories 6 15,562,169.19 14,087,878.47
Prepayments and Deferred Charges 7 20,333,281.81 2,059,829.77
Total Current Assets 179,885,966.40 142,528,782.13
Non-Current Assets
Property, Plant and Equipment 8.1 212,685,764.54 172,479,242.16
Biological Assets 9 650,000.00 650,000.00
Total Non-Current Assets 213,335,764.54 173,129,242.16
TOTAL ASSETS 393,221,730.94 315,658,024.29

LIABILITIES
Current Liabilities
Financial Liabilities 10.1 8,825,719.85 8,904,743.91
Inter-Agency Payables 10.2 36,380,623.77 32,565,718.31
Intra-Agency Payables 10.3 15,881,298.14 15,059,035.92
Trust Liabilities 10.4 5,769,295.02 5,327,105.05
Deferred Credits/Unearned Income 10.5 15,989,936.77 18,559,572.64
Other Payables 10.6 1,426,816.67 1,714,011.75
Total Current Liabilities 84,273,690.22 82,130,187.58
Non-Current Liabilities
Financial Liabilities 22,528,170.80 5,274,230.40
Total Non-Current Liabilities 22,528,170.80 5,274,230.40
TOTAL LIABILITIES 106,801,861.02 87,404,417.98

NET ASSETS/EQUITY
Government Equity 11 286,419,869.92 228,253,606.31
TOTAL LIABILITIES and NET ASSETS/EQUITY ₱ 393,221,730.94 ₱ 315,658,024.29

(See accompanying notes to Financial Statements.)

 MUNICIPALITY OF SAN LUIS
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2018
(With Comparative Figures for CY 2017)

Note 2018 2017

REVENUE
Tax Revenue 12.1 ₱ 6,522,038.09 ₱ 4,746,403.37
Share from Internal Revenue Collections 12.2 163,380,024.00 152,192,321.00
Service and Other Business Income 13 3,350,271.61 3,402,030.12
Grants and Donations 14 50,000.00 75,000.00
Miscellaneous Income 15 2,941,022.00 3,037,509.00
TOTAL REVENUE 176,243,355.70 163,453,263.49

Less: CURRENT OPERATING EXPENSES

Personnel Services 16 77,612,427.48 70,414,671.88
Maintenance and Other Operating Expenses 17 38,334,557.37 29,751,252.86
Financial Expenses 18 760,456.90 654,059.66
Non-Cash Expenses 19 14,951,374.66 14,274,486.70
TOTAL CURRENT OPERATING EXPENSES 131,658,816.41 115,094,471.10

SURPLUS (DEFICIT) FROM CURRENT OPERATION 44,584,539.29 48,358,792.39

Add (Deduct) :
Transfers, Assistance and Subsidy From 258,390.90 0 . 00
Transfers, Assistance and Subsidy To 0 . 00 0 . 00
SURPLUS (DEFICIT) FOR THE PERIOD ₱ 44,842,930.19 ₱ 48,358,792.39

(See accompanying notes to Financial Statements.)

 MUNICIPALITY OF SAN LUIS
STATEMENT OF CASH FLOW
FOR THE YEAR ENDED DECEMBER 31, 2018
(With Comparative Figures for CY 2017)

Note 2018 2017

Cash Flows from Operating Activities: 25
Cash Inflows:
Collection from Tax Payers ₱ 9,752,527.84 ₱ 8,058,508.99
Share from Internal Revenue Allotment (IRA) 163,380,024.00 152,192,321.00
Receipts from Service and Business Income 6,979,139.88 7,243,763.73
Interest Income 75,827.73 116,813.39
Other Receipts 49,868,414.92 27,691,066.94
Total Cash Inflows 230,055,934.37 195,302,474.05
Cash Outflows:
Payment of Expenses 12,460,679.01 10,529,981.68
Payment to Employees 79,711,023.86 22,371,615.02
Payment to Suppliers/Creditors 27,261,569.61 72,432,391.05
Interest Expenses 575,258.28 648,000.08
Other Expenses 58,075,002.97 27,833,112.91
Total Cash Outflows 178,083,533.73 133,815,100.74
Net Cash Provided (Used) by Operating Activities 51,972,400.64 61,487,373.31
Cash Flows from Investing Activities: 8
Cash Outflows:
Purchase/Construction of Property, Plant and Equiipment 55,111,093.51 34,883,781.39
Total Cash Outflows 55,111,093.51 34,883,781.39
Net Cash Provided (Used) by Investing Activities (55,111,093.51) (34,883,781.39)
Cash Flows from Financing Activities:
Cash Inflows:
Other Receipts 20,770,094.00 0 .00
Total Cash Inflows 20,770,094.00 0 .00
Cash Outflows:
Payment of Loan 10 3,516,153.60 3,516,153.60
Total Cash Outflows 3,516,153.60 3,516,153.60
Net Cash Provided (Used) by Financing Activities 17,253,940.40 (3,516,153.60)
Total Cash Provided by Operating, Investing and Financing Activities 14,115,247.53 23,087,438.32
Add: Cash Balance, January 1 75,822,655.10 52,735,216.78
Cash Balance, December 31 4 ₱ 89,937,902.63 ₱ 75,822,655.10

(See accompanying notes to Financial Statements.)

 MUNICIPALITY OF SAN LUIS
STATEMENT OF NET ASSETS/EQUITY
FOR THE YEAR ENDED DECEMBER 31, 2018
(With Comparative Figures for CY 2017)

Accumulated Surpluses/ (Deficits)

2018 2017
Balance at January 1, 2018 ₱ 228,253,606.31 ₱ 176,273,123.08
Add/(Deduct):
Change in Accounting Policy 0.00 0.00
Prior Periods Adjustment (5,210,188.41) (7,551,476.62)
Restated Balance 223,043,417.90 168,721,646.46
Add/(Deduct) Changes in Net Assets/Equity during the year
Adjustment of Net Revenue Recognized Directly in Net
Assets/Equity 18,533,521.83 11,173,167.46
Surplus/(Deficit) for the Period 44,842,930.19 48,358,792.39
Total Recognized Revenue & Expenses for the Period 63,376,452.02 59,531,959.85
Balance at December 31, 2018 ₱ 286,419,869.92 ₱ 228,253,606.31

(See accompanying notes to Financial Statements.)

 Municipality of San Luis
Statement of Comparison of Budget and Actual Amounts
For the year Ended December 31, 2018

Budgeted Amounts Difference Final

Difference Original
Particulars Actual Amounts Budget and
Original Final and Final Budget
Actual
Revenue
A.  Local Sources
1.  Tax Revenue
a.  Tax Revenue - Property 3,949,638.58 3,949,638.58 0.00 3,332,864.79 616,773.79
b.  Tax Revenue - Goods 0.00 2,822,066.38 (2,822,066.38)
and Services
c.  Other Local Taxes 1,800,000.00 1,800,000.00 0.00 261,071.72 1,538,928.28
Total Tax Revenue 5,749,638.58 5,749,638.58 0.00 6,416,002.89 (666,364.31)
2.  Non-Tax Revenue
a.  Service Income 3,585,550.00 3,585,550.00 0.00 2,094,298.66 1,491,251.34
b.  Business Income 3,633,000.00 3,633,000.00 0.00 1,236,192.37 2,396,807.63
c.  Other Income and 6,337,963.00 6,337,963.00 0.00 2,784,089.89 3,553,873.11
Receipts
Total Non-Tax Revenue 13,556,513.00 13,556,513.00 0.00 6,114,580.92 7,441,932.08
B. External Sources
1.  Share from the National 163,380,024.00 163,380,024.00 0.00 163,380,024.00 0.00
Internal Revenue Taxes
(IRA)
2.  Share from GOCCs 0.00 0.00
3.  Other Shares from National 0.00 0.00 0.00
Tax Collections
a.  Share from Ecozone 0.00 0.00
b. Share from EVAT 0.00 0.00
c.  Share from National 0.00 0.00
Wealth
d. Share from Tobacco 0.00 0.00
Excise Tax
4.  Other Receipts 0.00 0.00 0.00
a.  Grants and Donations 0.00 0.00
b.  Other Subsidy Income 0.00 0.00
5.  Inter-local Transfer 0.00 0.00
6.  Capital /Investment 2,000,000.00 2,000,000.00 0.00 0.00 2,000,000.00
Receipts
a.  Sale of Capital Assets 2,000,000.00 2,000,000.00 0.00 2,000,000.00
b.  Sale of Investments 0.00 0.00
c. Proceeds from 0.00 0.00
Collections of Loan
Receivables
C. Receipts from Borrowings 128,350,000.00 (128,350,000.00) 20,770,094.00 107,579,906.00
Total Revenue and Receipts 184,686,175.58 313,036,175.58 (128,350,000.00) 196,680,701.81 116,355,473.77
Expenditures
Current Appropriations
General Public Services
Personal Services 50,889,294.43 49,370,832.43 1,518,462.00 46,839,435.84 2,531,396.59
Maintenance and Other 14,745,630.00 15,254,630.00 (509,000.00) 12,115,316.97 3,139,313.03
Operating Expenses
Capital Outlay 364,000.00 364,000.00 0.00 246,800.00 117,200.00
Education
Personal Services 77,088.00 77,088.00 0.00 62,645.64 14,442.36
Maintenance and Other 4,054,600.00 4,054,600.00 0.00 2,896,043.29 1,158,556.71
Operating Expenses
Capital Outlay 175,000.00 175,000.00 0.00 122,880.00 52,120.00
Health, Nutrition and Population
Control
Personal Services 10,717,492.76 10,716,035.69 1,457.07 9,648,556.88 1,067,478.81
Maintenance and Other 6,709,778.85 6,560,778.85 149,000.00 5,402,418.57 1,158,360.28
Operating Expenses
Capital Outlay 130,000.00 130,000.00 0.00 129,000.00 1,000.00
Labor and Employment
Personal Services 0.00 0.00
Maintenance and Other 1,655,000.00 1,318,000.00 337,000.00 1,077,845.55 240,154.45
Operating Expenses
Capital Outlay 0.00 0.00
Housing and Community
Development
 Municipality of San Luis
Statement of Comparison of Budget and Actual Amounts
For the year Ended December 31, 2018

Budgeted Amounts Difference Final

Difference Original
Particulars Actual Amounts Budget and
Original Final and Final Budget
Actual
Personal Services 0.00 0.00
Maintenance and Other 2,090,000.00 5,490,000.00 (3,400,000.00) 2,126,454.60 3,363,545.40
Operating Expenses
Capital Outlay 0.00 0.00
Social Services and Social
Welfare
Personal Services 6,659,308.51 5,999,857.51 659,451.00 5,141,799.42 858,058.09
Maintenance and Other 5,701,000.00 5,498,000.00 203,000.00 4,165,475.42 1,332,524.58
Operating Expenses
Capital Outlay 8,000.00 408,000.00 (400,000.00) 406,661.25 1,338.75
Economic Services
Personal Services 15,394,661.80 15,439,024.80 (44,363.00) 14,472,959.80 966,065.00
Maintenance and Other 16,678,000.00 17,107,300.00 (429,300.00) 14,705,168.61 2,402,131.39
Operating Expenses
Capital Outlay 175,000.00 2,125,000.00 (1,950,000.00) 1,015,062.23 1,109,937.77
Other Purposes:
Debt Service
Financial Expense 0.00 0.00
Amortization 9,500,000.00 9,500,000.00 0.00 4,051,574.47 5,448,425.53
LDRRMF
Maintenance and Other 9,161,826.85 9,161,826.85 0.00 3,117,305.79 6,044,521.06
Operating Expenses
Capital Outlay 0.00 0.00
20% Development Fund
Maintenance and Other 0.00 0.00
Operating Expenses
Capital Outlay 23,250,000.00 25,250,000.00 (2,000,000.00) 18,173,198.76 7,076,801.24
Share from National Wealth
Maintenance and Other 0.00 0.00
Operating Expenses
Capital Outlay 0.00 0.00
Allocation for Senior Citizens and
PWD
Maintenance and Other 3,048,130.37 3,241,130.37 (193,000.00) 2,542,952.30 698,178.07
Operating Expenses
Capital Outlay 0.00 0.00
Others
Personal Services 0.00 0.00
Maintenance and Other 2,953,800.00 5,451,300.00 (2,497,500.00) 3,873,234.53 1,578,065.47
Operating Expenses
Capital Outlay 740,000.00 130,332,000.00 (129,592,000.00) 22,651,154.08 107,680,845.92
Total Current Appropriations 184,877,611.57 323,024,404.50 (138,146,792.93) 174,983,944.00 148,040,460.50
Continuing Appropriations
General Public Services
Capital Outlay 1,105,882.10 1,105,882.10 0.00 618,345.65 487,536.45
Education
Capital Outlay 0.00 0.00
Health, Nutrition and Population
Control
Capital Outlay 45,000.00 45,000.00 0.00 0.00 45,000.00
Labor and Employment
Capital Outlay 0.00 0.00
Housing and Community
Development
Capital Outlay 0.00 0.00
Social Services and Social
Welfare
Capital Outlay 0.00 0.00
Economic Services
Capital Outlay 626,525.00 626,525.00 0.00 100,000.00 526,525.00
Other Purposes:
Capital Outlay 19,259,778.16 17,530,428.16 1,729,350.00 10,792,424.34 6,738,003.82
Total Continuing Appropriations 21,037,185.26 19,307,835.26 1,729,350.00 11,510,769.99 7,797,065.27
Total Appropriations 205,914,796.83 342,332,239.76 (136,417,442.93) 186,494,713.99 155,837,525.77
Surplus (Deficit) for the period (21,228,621.25) (29,296,064.18) 8,067,442.93 10,185,987.82 (39,482,052.00)