DIVISION OF CITY SCHOOLS

San Carlos City, Pangasinan

STATEMENT OF FINANCIAL PERFORMANCE
TRUST FUND
For the Year Ended December 31, 2021
(With Comparative Figures from CY 2020)
(In Philippine Peso)

Note 2020 2020

Revenue
Tax Revenue -
Miscellaneous Income -
Other Service Income 266,000.00 356,532.00
Seminar/Training Fees 6,800.00
Rent/ Lease Income 15,090.00
Service and Business Income
Shares, Grants and Donations
Income from Printing and Publication -
Assstance from Local Government Units -
Income from Grants and Donations in Cash 10,000.00 60,000.00
Gains

Total Revenue 7 276,000.00 438,422.00

Less: Current Operating Expenses

Personal Services 212,641.18 260,000.00
Maintenance and Other Operating Expenses 253,213.91 227,644.35
Financial Expenses
Direct Costs
Non Cash Expenses 538,269.76 642,426.73

Total Current Operating Expenses 1,004,124.85 1,130,071.08

Surplus/(Deficit) from Current Operations

Net Financial Assistance/Subsidy - -

Sale of assets - -
Gains - -
Losses - -
Total - -

Surplus/(Deficit) for the period (728,124.85) (691,649.08)

(This statement should be read in conjunction with accompanying notes)