Professional Documents
Culture Documents
In 1950, a place of thick forest where two rivers of Lutayan and Taplan converge was
inhabited by few B’laans. Then, the B’laans have their traditional way of settling
dispute by way of mediation by the recognized tribal leaders of they call “Santulon”.
The settlement of disputes among B’laans are conducted in specific designated place
known as “Kolunnumo”, of which the name of the place was derived from. The name
Kolonnumo was later changed to Liberty through the initiatives of Mr. Nicasio
Joyno.
In 1953, Tupi was created into a regular Municipality of Tampakan was then a
barangay of Tupi, South Cotabato. Liberty then was a Sitio of Baranagay Tampakan.
More settlers inhabited the area and there were eight families who lived in this place.
When Tampakan was created into a regular municipality by virtue of Republic Act
5661 in June 21, 1969, Sitio Liberty was created into a regular barangay of the
Municipality of Tampakan.
In 1973, Hon. Casiano Fernandez was chosen as Barangay Captain with the
assistance of DECS, subdivided the place into different sitio and puroks. The namne
of sitios and puroks are Purok Mauswagon, Purok Paghiusa, Purok Sidlak, Purok
Malipayon, Purok Irrigation, and Purok Paglaum.
In early 80’ Hon. Pelagio Janiola run for the post of Barangay Captain after serving
the Municipality of Tampakan as Municipal Councilor. During the administration of
Hon. Janiola, more improvements were introduced to the barangay to include
massive infrastructure development within the municipal plaza, improvement of
barangay roads and acquisition of market site.
In 2007 election, Hon. Vigilio Lastima won as the Barangay Chairperson. Elected
Barangay Kagawads were Hon. Marilou Payla, Hon. Virgilio Lastima Jr., Hon.
Zenaida Abueza, Hon. Raquel Fernandez, Hon. Miguel Distura, Hon. Gloria Barrios,
and Hon. Edy Delig. Hon. Casiano J. Fernandez was the elected SK President was
also elected as the SK Federation President of the municipality. Developments
projects implemented from 2007-2010 were construction and improvements of day
care center and health care center steel gate, birthing center, barangay gym, multi-
purpose building, steel gate of barangay gym, and concrete canal of Purok
Malipayon. Other initiatives include landscaping of the barangay landmark, the statue
of Liberty, tree planting activities, medical missions, and participation to cultural and
sports competitions. Efforts of the barangay Council, the school faculties, students
and pupils and its people paid off being recipients of awards from various
competitions. Among the awards received by the barangay were Champion in the
Search for Cleanest and Greenest Barangay in 2008, 1 st Place in the Search for
Outstanding Barangay Development and Information Council in 2008, Champion in
the Street dancing Competition during the T’nalak Festival in 2009 and 2010, and 2 nd
Place in the Street Dancing during the Kalilangan festival in 2009.
In 2010 election, Hon. Marilou Payla was elected Barangay Chairperson. Elected
barangay Kagawads were Ho. Erve Tutor, Hon. Rogelio Dagangon, Hon. Raquel
Fernandez, Hon. Zenaida Abueza, Hon. Edy Delig, Hon. Raul Taglucop, and Hon.
Jeremias Banggoc. Elected SK President is Hon. Fernan Dagangon.
The financial statements have been prepared in accordance with the generally
accepted government accounting principles and reflect amounts that are based on
estimates and informed judgment of management with an appropriate consideration
of materiality. Monetary denomination used in the report is Philippine Peso.
Accounts are in conformity to the Revised Chart of Accounts as prescribed under the
New Government Accounting System.
3.1 Accounts are classified in conformity with the prescribed revised Chart of
Accounts of the Local Government Unit.
3.2 Modified accrual basis of accounting is used. Expenses are recognized when
incurred and reported in the financial statements in the period to which they
relate. Income is on accrual basis except for transactions where accrual basis is
impractical or when other methods are required by law.
3.3 Cash means money, which is the standard medium of exchange in business
transactions. Cash includes “money and other negotiable instrument that is
payable in money and acceptable by the bank for deposit and immediate
credit”. It includes checks, bank drafts and money orders.
3.4 Petty cash Fund is not maintained by the barangay.
3.5 Receivables represent amounts collectible from customers and other debtors
arising from sale of merchandise or the performance of services on account
and claims for money lent. Trade and non trade receivables expected to be
realized within normal operating cycle or one fiscal year are recognized at face
value and classified as current assets in the balance sheet. Those collectible
beyond one year are classified as non-current assets.
3.7 Property, Plant and Equipment (PPE) are carried at cost less accumulated
depreciation. Allocation of annual depreciation is computed using straight line
method. Fully depreciated but still serviceable properties remained in the PPE
account.
3.8 Depreciation is computed using the straight line method on use of assets as
prescribed in COA Circular No. 2003-07 dated December 11, 2003. A residual
value equivalent to ten (10) percent of the purchased cost is set-up and annual
allocation of depreciation of PPE commenced on the second month following
the purchased.
3.9 Payable accounts are recognized and recorded in the books only upon acceptance
of the goods/inventory /other assets and rendition of services to the
barangay.
3.10 Liabilities are present obligations of an agency arising from past transactions
or events, the settlement of which is expected to result in an outflow of
resources embodying economic benefits from the agency.
3.11 Cash advances granted for travel are subject to liquidation within the period
prescribed Under COA Circular No. 97-002 dated February 10, 1997 and COA
Circular No. 96-004 dated April 19, 1996. Excess cash advances are refunded
and deficiency amount of cash advances are reimbursed.
3.12 Government Equity represents the difference between the assets and liabilities.
Fundamental errors of prior years are corrected by using the Priors Year’s Adjustment
account. Errors affecting current year’s operation are charged to the current year’s
accounts.
Note 5-Cash
Cash on Hand - - -
Cash in Bank 3,137,843.44 1,507,705.41 993,069.08
Note 6 Receivables:
This consists of :
Acquisition and construction of assets are recorded at cost. Depreciation is computed over
the appropriate economic life, after deducting 10% residual value from the total cost,
using the straight-line method.
Note 8- Liabilities
Payables 100.00 - -
Inter-Agency Payables 5,894.30 2,758.47 6,310.85
Trust Liabilities 417,925.69 310,006.06 458,373.55
Tax Revenue
Real Property Tax 180,878.95 162,022.20 172,553.96
Business Tax 20,440.00 22,890.00 18,410.00
Community Tax 69,104.56 12,025.56 13,961.68
Share on Tax from Sand, Gravel
and Other Quarry Products 1,254,574.00 1,556,076.00 515,833.40
2,594,279.0
Share from IRA 3,130,879.00 2,921,765.00 0
3,743,804.0
TOTAL REVENUE 5,341,021.18 4,961,235.92 1
Personnel Services
Honoraria 1,206,975.00 1,003,250.00 1,000,500.00
Hazard Pay - - -
Year End Bonus 158,000.00 81,500.00 57,500.00
Cash Gift 60,000.00 60,000.00 60,000.00
PhilHealth Contributions 18,600.00 17,000.00 11,550.00
Terminal Leave Benefits 102,884.46 107,001.99 62,031.86
Other Personnel Benefits 98,000.00 81,968.40 31,894.20
Non-Cash Expenses
Dep’n - Land Improvements 69,562.49 63,641.37 57,460.77
Dep’n - Buildings and Other
Structures 54,053.25 53,165.37 54,583.06
Dep’n - Machinery and Equipment 37,984.50 37,984.50 30,784.50
Dep’n - Furniture, Fixtures and
Books 900.00 900.00 900.00
Dep’n - Transportation Equipment - - 32,142.86
Dep’n - Other PPE 3,580.92 3,580.92 3,580.92
Quick Response Fund (QRF) 35,032.05 38,255.24 42,143.21 47,528.19 51,376.65 214,335.34
119,878.8
Mitigation Fund 81,741.45 89,262.22 98,334.15 110,899.11 5 500,115.78
107,919.6
Beginning Balance, Jan 1, 2021 79,363.50 67,941.40 206,890.64 88,432.51 3 550,547.68
107,919.6
Ending Balance, Dec 31, 2021 - 14,682.93 206,890.64 88,432.51 3 417,925.71