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CY 2017

Annual Financial Report

Local Government

Volume I
EXECUTIVE SUMMARY

Legal Framework

The Commission on Audit (COA) is mandated under Section 4, Article IX-D of the 1987
Philippine Constitution to submit to the President and the Congress, within the time fixed
by law, an annual report covering the financial condition and operations of the
Government, its subdivisions, agencies and instrumentalities, including government-
owned or controlled corporations and non-governmental entities subject to its audit, and
recommend measures necessary to improve their effectiveness and efficiency. This
mandate is quoted under Section 41 (1) of Presidential Decree (P.D.) No. 1445, otherwise
known as the Government Auditing Code of the Philippines, which states that “The
Commission shall submit to the President and the Congress not later than the last day of
September of each year an Annual Report on the financial condition and results of
operation of all agencies of the government which shall include recommendations and
measures necessary to improve the efficiency and effectiveness of these agencies.”

In conformity with such mandate, the COA prepares the Annual Financial Report (AFR)
for the National Government, Government Corporations, and Local Government.

The Government Accountancy Sector (GAS) is tasked to prepare the AFR for the Local
Government pursuant to COA Resolution No. 2013-021 dated November 20, 2013, the
Restructuring of the GAS of the Commission.

Objectives
This AFR for Local Government aims to provide essential information on the financial
condition, performance, changes in equity, cash flows, and comparative budget and actual
amounts, not only of the individual local government unit but also of the local government
sector as a whole, to a wide range of users and stakeholders. Foremost of the stakeholders
are the President, being the head of the executive branch and in charge of overseeing the
management of the whole government; the Senate President and the Speaker of the House
of Representatives, being the heads of the legislative branch, which is responsible for the
promulgation of national laws and state policies; the Department of the Interior and Local
Government, as the main oversight national agency over the local government units
(LGUs); and other oversight agencies.

It also caters to the information and statistics needs of economic planners and other
government officials, especially the Local Chief Executives and the Sanggunians
(Panlalawigan, Panlungsod, Pambayan), in the deliberation of the local budget ordinance
and other ordinances and in the determination of sound economic policies and wise
decisions for the betterment of the living condition of majority of the citizenry. The public,
as the majority stakeholder, is the prime user of the information in consonance with the
fiscal policy of transparency and public accountability.

i
The significant and common audit observations and the corresponding recommendations
are included in this AFR for reference of the Local Chief Executives and the Sanggunians
to implement corrective measures, improve the efficiency and effectiveness of LGU
operations, and enhance the delivery of services to the public.

Contents and Limitations


This Report is the combination of the financial statements (FSs) of 1,638 LGUs, as
discussed in detail in “Coverage”. The comparative FSs for calendar years (CYs) 2017 and
2016 are presented by fund, namely: General Fund (GF), Special Education Fund (SEF),
and Trust Fund (TF), and by LGU category (province, city and municipality). The
financial profiles of LGUs (provinces, cities, municipalities and barangays) are presented
in a separate caption under Part III, Volume I of this AFR.

The combined FSs and related non-financial information in this Report are based on the
data submitted by the COA Regional Offices. The audit opinion rendered on the fairness
of presentation of the FSs of each LGU was a representation and sole responsibility of the
auditors concerned.

Financial Statements
The combined FSs presented in Part II of this Report are the following:

1. Statement of Financial Position (SFPos), which presents the assets and liabilities
classified as current and non-current, and equity of the Local Government;

2. Statement of Financial Performance (SFPer), which presents the revenue,


expenses, net financial subsidy, gains or losses, and net surplus/(deficit) for the
period;

3. Statement of Changes in Net Assets/Equity (SCNA/E), which presents the net


surplus for the period, effects of changes in accounting policies, prior period errors
and other adjustments;

4. Statement of Cash Flows (SCF), which presents the sources (cash inflows) and
utilizations (cash outflows) of funds;

5. Statement of Comparison of Budget and Actual Amounts (SCBAA), which


presents comparative budget information on the original and final budget, and
actual receipt and utilization of funds; and

6. Notes to Financial Statements, which presents additional and relevant information


and disclosures on the data presented in the combined FSs and information about
items that do not qualify for recognition in those statements.

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Methodology
As provided in COA Memorandum No. 2018-005 dated April 30, 2018, the COA
Regional Directors (RDs) concerned are required to submit to the GAS the consolidated
FSs of provinces, cities, and municipalities; financial profile of provinces, cities,
municipalities, and barangays; and list of loans/credit lines availed by each LGU.

The COA RDs are also required to submit copies of annual audit reports and region-wide
summary of audit opinions on the fairness of presentation of the FSs; region-wide status of
implementation of prior years’ audit recommendations (PYAR); and region-wide
summary of common and significant audit observations and recommendations (CSAOR),
by province, city, municipality, and barangay to the Local Government Sector (LGS) of
COA. In turn, the LGS prepared and submitted to the GAS the nationwide summary of
audit opinions on the fairness of presentation of the FSs; nationwide status of
implementation of PYAR; and nationwide summary of CSAOR by province, city,
municipality, and barangay.

The inputs from the COA RDs and the LGS were combined by the GAS to generate the
overall financial information presented in this Report. Proper coordination with the COA
RDs and the Head of the LGS was done to ensure the integrity of the financial data
gathered.

All amounts presented in this Report are expressed in Philippine peso, rounded off to the
nearest thousands (P000), unless stated otherwise. The difference between the total
amount and sum of components presented in the tables is due to rounding off.

Coverage
The Philippine Standards Geographic Code data of the Philippine Statistics Authority as of
December 31, 2017 showed a total of 43,751 LGUs consisting of 81 provinces, 145 cities,
1,489 municipalities, and 42,036 barangays. Of 81 provinces, 79 or 97.53 percent
submitted the complete required FSs, one province submitted incomplete FSs, and one did
not submit the FSs. On the other hand, 142 of the 145 cities submitted the required FSs or
97.93 percent compliance. Of the total 1,489 municipalities, 1,440 submitted the required
FSs or 96.71 percent compliance. In sum, 1,661 LGUs registered 96.85 percent
compliance for CY 2017. The FSs of barangays were consolidated in the FSs of their
respective municipalities or cities.

The combined comparative FSs in this Report pertain to 1,638 LGUs, which have
submitted both the CYs 2017 and 2016 FSs as of the cut-off date of July 31, 2018,
composed of 77 provinces, 141 cities with two component units, and 1,420 municipalities,
representing 98.61 percent of 1,661 LGUs. The FSs of 23 LGUs that did not submit either
the CY 2017 or CY 2016 FSs were not included in the combined FSs. Tables 1 to 4 show
the details of submission of FSs by LGU classification per Region.

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Table 1 Submission of Financial Statements of Provinces by Region

Provinces
Regions With With Percent
Target Submitted Unsubmitted Compliance
FSs FSs
CAR 6 6 0 100
Region I 4 4 0 100
Region II 5 5 0 100
Region III 7 7 0 100
Region IV-A 5 5 0 100
Region IV-B 5 5 0 100
Region V 6 6 0 100
Region VI 5 5 0 100
Region VII 3 3 0 100
Region VIII 6 6 0 100
Region IX 3 3 0 100
Region X 5 5 0 100
Region XI 5 5 0 100
Region XII 4 2 2 50
Region XIII 5 5 0 100
Region XVI 2 2 0 100
ARMM 5 3 2 60
Total 81 77 4 95.06

Table 2 Submission of Financial Statements of Cities by Region

Cities
Regions With With Percent
Target Submitted Unsubmitted Compliance
FSs FSs
NCR 16* 16* 0 100
CAR 2 2 0 100
Region I 9 9 0 100
Region II 4 4 0 100
Region III 14 14 0 100
Region IV-A 19 19 0 100
Region IV-B 2 2 0 100
Region V 7 7 0 100
Region VI 3 3 0 100
Region VII 10 10 0 100
Region VIII 7 7 0 100
Region IX 4 4 0 100
Region X 9 9 0 100
Region XI 6 6 0 100
Region XII 5 2 3 40
Region XIII 6 6 0 100
Region XVI 19 19 0 100
ARMM 3 2 1 67
Total 145 141 4 97.24
*includes two component units: Pamantasan ng Lungsod ng Maynila and Quezon
City General Hospital

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Table 3 Submission of Financial Statements of Municipalities by Region

Municipalities
Regions With With Percent
Target Submitted Unsubmitted Compliance
FSs FSs
NCR 1 1 0 100
CAR 75 63 12 84
Region I 116 116 0 100
Region II 89 88 1 99
Region III 116 116 0 100
Region IV-A 123 120 3 98
Region IV-B 71 69 2 97
Region V 107 107 0 100
Region VI 98 97 1 99
Region VII 97 96 1 99
Region VIII 136 134 2 98
Region IX 67 67 0 100
Region X 84 84 0 100
Region XI 43 43 0 100
Region XII 45 21 24 47
Region XIII 67 67 0 100
Region XVI 38 38 0 100
ARMM 116 93 23 80
Total 1,489 1,420 69 95.37

Table 4 Submission of Financial Statements of Barangays by Region

Barangays
With With Percent
Regions
Target Submitted Unsubmitted Compliance
FSs FSs
NCR 1,706 715 991 42
CAR 1,176 951 226 81
Region I 3,265 3,223 42 98
Region II 2,311 2,081 230 90
Region III 3,102 2,677 425 86
Region IV-A 4,018 3,332 679 83
Region IV-B 1,459 946 512 65
Region V 3,471 1,860 1,611 54
Region VI 3,389 1,927 1,462 57
Region VII 2,446 861 1,585 35
Region VIII 4,390 694 3,696 16
Region IX 1,904 1,464 395 77
Region X 2,022 1,504 518 74
Region XI 1,162 1,026 136 88
Region XII 1,195 418 779 35
Region XIII 1,311 1,181 135 90
Region XVI 1,219 298 921 24
ARMM 2,490 553 1,982 22
Total 42,036 25,711 16,325 61.16

The FSs of barangays were consolidated in the FSs of their respective


municipalities or cities.

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In order to present comparative FSs, the CY 2016 combined FSs were restated to include
the FSs of 40 LGUs which were not able to submit their FSs as of the CY 2016 cut-off
date, but were able to submit both their CYs 2016 and 2017 FSs within the CY 2017 cut-
off date. The above-mentioned 40 LGUs consist of 2 provinces, one city, and 37
municipalities. On the other hand, the FSs of 2 provinces, 3 cities, and 41 municipalities
were excluded from the CY 2016 combined FSs due to their failure to submit the CY 2017
FSs.

Financial Highlights

The combined assets, liabilities, and net assets/equity of the Local Government for CY
2017 amounted to P1.746 trillion, P503.65 billion, and P1.242 trillion, respectively.
Compared with CY 2016, total assets increased by P417.68 billion or 31.45 percent, total
liabilities increased by P62.40 billion or 14.14 percent, and net assets/equity increased by
P355.28 billion or 40.06 percent.

Total revenue of P624.71 billion for CY 2017 increased by P75.55 billion or 13.76 percent
compared with the total revenue of P549.17 billion for CY 2016, while total expenses of
P456.98 billion increased by P42.17 billion or 10.17 percent compared with prior year’s
total expenses of P414.81 billion.

Summary of Audit Opinions and Significant and Common


Audit Observations and Recommendations

This Report presents the summary of audit results on each LGU, which includes a
summary of audit opinions on the fairness of presentation of the FSs, significant and
common audit observations, and corresponding recommendations towards efficient and
effective operations of the LGUs.

Highlights of Accomplishments of Several Provinces


This Report also highlights the accomplishments of the following 18 provinces which
submitted their respective Annual Reports for CY 2017:

CAR Region V
1. Apayao 11. Albay
2. Benguet 12. Sorsogon
Region I Region VI
3. Ilocos Norte 13. Antique
4. La Union 14. Iloilo
5. Pangasinan

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Region II Region VII
6. Cagayan 15. Bohol
7. Isabela

Region III Region VIII


8. Bulacan 16. Leyte
9. Pampanga 17. Northern Samar
Region IV-A ARMM
10. Cavite 18. Tawi-Tawi

Guide to Users
This Report consists of two volumes. Volume I presents the executive summary, financial
highlights, combined FSs, notes to FSs, financial profile of LGUs, and summary of
loans/credit lines availed by LGUs from government or private banks and lending
institutions, and significant and outstanding accomplishments of provinces which
submitted copies of their annual accomplishment reports for CY 2017.

Volume II contains the summary of audit results, which includes: (1) nationwide summary
of audit opinions on the fairness of presentation of the FSs, (2) nationwide status of
implementation of PYAR on provinces, cities, and municipalities, and (3) nationwide
summary of CSAOR on provinces, cities, municipalities, and barangays. This Report and
the individual Annual Audit Reports on LGUs which contain the complete details of the
audit observations and recommendations concerning provinces, cities, and municipalities
are published in the COA Website at http://www.coa.gov.ph.

vii
2017
ANNUAL FINANCIAL REPORT
LOCAL GOVERNMENT

TABLE OF CONTENTS
Page

Part I Financial Highlights


 Financial Position 1
 Financial Performance 8
 Cash Flows 14
 Changes in Net Assets/Equity 20
 Comparison of Budget and Actual Amounts 21

Part II Combined Financial Statements


 Statement of Financial Position 23
 Statement of Financial Performance 26
 Statement of Cash Flows 29
 Statement of Changes in Net Assets/Equity 32
 Statement of Comparison of Budget and Actual
Amounts 33
 Notes to Financial Statements 35

Part III Individual Financial Profile of Local Government


Units
 Provinces 99
 Cities 103
 Municipalities 110
 Barangays 165

Part IV List of Loans/Credit Lines Availed by LGUs 219

Part V Significant Accomplishments of Provinces for


CY 2017 353

Part VI Annexes
 Annex 1 List of LGUs not included in the 2016 AFR
but which have submitted FSs for 2017 and
2016 and thus included in the Restated 2016
FSs of the 2017 AFR 383
 Annex 2 List of LGUs included in the 2016 AFR but
excluded from the Restated 2016 FSs of the
2017 AFR due to non-submission of 2017
FSs 384
 Annex 3 List of LGUs not included in the Combined
2017 AFR (By Region) 385
 Annex 4 List of LGUs which submitted 2017 FSs but
not included in the Combined FSs for 2017
AFR due to Non-submission of 2016 FSs 387
 Annex 5 Matrix of Provinces, Cities and Municipalities
which Submitted Incomplete Financial
Statements for CY 2017 388
 Annex 6 Regional Breakdown of Permit Fees
Ranked from Highest to Lowest
(in thousand pesos) 389
 Annex 7 Regional Breakdown of Business Income
Ranked from Highest to Lowest
(in thousand pesos) 390
 Annex 8 Regional Breakdown of Share from PAGCOR
and PCSO Ranked from Highest to Lowest
(in thousand pesos) 391
 Annex 9 Regional Breakdown of Grants and
Donations in Cash and in Kind
Ranked from Highest to Lowest
(in thousand pesos) 392
 Annex 10 Regional Breakdown of Total Gains
Ranked from Highest to Lowest
(in thousand pesos) 393
 Annex 11 Regional Breakdown of Salaries and Wages
Ranked from Highest to Lowest
(in thousand pesos) 394
 Annex 12 Supplies and Materials Expenses by Region
Ranked from Highest to Lowest
(in thousand pesos) 395
 Annex 13 Regional Breakdown of General Services
Ranked from Highest to Lowest
(in thousand pesos) 396
 Annex 14 Other Maintenance and Operating Expenses,
By Region Ranked from Highest to Lowest
(in thousand pesos) 397
 Annex 15 Regional Breakdown of Gains – Other
Non-Operating Income
Ranked from Highest to Lowest
(in thousand pesos) 398
LIST OF TABLES AND CHARTS

Table
No. Particulars Page

I.A.1 Assets by LGU Classification


(in million pesos) 4

I.A.2 Ten Provinces, Cities and Municipalities with the


Biggest Amount of Total Assets (in million pesos) 4

I.A.3 Liabilities by LGU Classification (in million pesos) 5

I.A.4 Ten Provinces, Cities and Municipalities with Highest


Amount of Total Liabilities (in million pesos) 6

I.A.5 Ten Provinces, Cities and Municipalities with Significant


Amount of Net Assets/Equity (in million pesos) 7

I.B.1 Results of Operations by LGU Classification


(in million pesos) 8

I.B.2 Results of Operation by Fund (in million pesos) 9

I.B.3 Ten Provinces, Cities, and Municipalities


with Biggest Amount of Total Revenue
(in million pesos) 10

I.B.4 Internal Revenue Allotment by Region, by LGU


Classification (in million pesos) 11

I.B.5 Ten Provinces, Cities and Municipalities with the


Biggest Amount of Total Expenses
(in million pesos) 13

I.C.1 LGUs with Substantial Cash Inflows from Local Taxes


and Internal Revenue Allotment (in million pesos) 16

I.D.1 Changes in Net Assets/Equity (in million pesos) 20

I.E.1 Condensed SCBAA 2017 (in million pesos) 21


Chart
No. Particulars Page

I.A.1 Financial Position of Local Government Units


(in billion pesos) 1

I.A.2 Financial Position by LGU Classification (in billion pesos) 2

I.A.3 LGU Financial Position by Fund (in billion pesos) 3

I.A.4 Composition of LGUs Combined Assets (in billion pesos) 3

I.A.5 Net Asset/Equity Breakdown (in billion pesos) 7

I.B.1 Revenue and Expenses by LGU Classification


(in billion pesos) 8

I.B.2 Revenue and Expenses by Fund (in billion pesos) 9

I.B.3 Total Revenue by LGU Classification, by Source


(in billion pesos) 10

I.B.4 Current Operating Revenue Account Composition


(in billion pesos) 11

I.B.5 Total Expenses by LGU Classification, by Expense Type


(in billion pesos) 12

I.B.6 Composition of Current Operating Expenses


(in billion pesos) 13

I.C.1 Comparative Cash Inflows CYs 2017 and 2016


(in billion pesos) 14

I.C.2 Comparative Cash Outflows CYs 2017 and 2016


(in billion pesos) 15

I.C.3 Sources of Cash Inflows from Operating Activities


(in billion pesos) 16

I.C.4 Cash Outflows from Operating Activities (in billion pesos) 17

I.C.5 Cash Flows from Investing Activities (in billion pesos) 18

I.C.6 Cash Flows from Financing Activities (in billion pesos) 18

I.C.7 Total Cash Inflows/Outflows by LGU Classification


(in billion pesos) 19

I.C.8 Total Cash Inflows/Outflows by Fund (in billion pesos) 19


PART I

FINANCIAL
HIGHLIGHTS
PART I – FINANCIAL HIGHLIGHTS

In order to present comparative financial statements (FSs), the calendar year (CY) 2016
combined FSs were restated to include the FSs of 40 local government units (LGUs)
which were not able to submit their FSs as of the CY 2016 cut-off date, but were able
to submit both their CYs 2016 and 2017 FSs within the CY 2017 cut-off date. The
above-mentioned 40 LGUs listed in Annex 1 consist of 2 provinces, one city, and 37
municipalities. The FSs of 2 provinces, 3 cities, and 41 municipalities listed in Annex 2
were excluded from the CY 2016 combined FSs due to their failure to submit the CY
2017 FSs while the LGUs which did not submit their FSs for CY 2017 or CY 2016 are
listed in Annex 3.

A. FINANCIAL POSITION
The overall combination of the CY 2017 FSs of 1,638 LGUs resulted in total assets of
P1.746 trillion, total liabilities of P503.65 billion and aggregate net assets/equity of
P1.242 trillion. Compared to previous year, there was an increase in total assets of
P417.68 billion or 31.45 percent, an increase in total liabilities of P62.40 billion or
14.14 percent, and increase in net assets/equity of P355.28 billion or 40.06 percent.
Chart I.A.1 presents the financial position of LGUs by major components as at
December 31, 2017.

Chart I.A.1 – Financial Position of Local Government Units


(in billion pesos)

Assets Liabilities
1,745.90 503.65

Net Assets/
Equity
1,242.26

As in prior years, the cities have the biggest share in the total assets, liabilities, and net
assets/equity of the LGUs amounting to P866.52 billion, P236.11 billion, and P630.41
billion, respectively, as at December 31, 2017. Chart I.A.2 shows the financial position
by LGU classification.

1
Chart I.A.2 – Financial Position by LGU Classification
(in billion pesos)

900.00
800.00
700.00
600.00
500.00
400.00
300.00
200.00
100.00
0.00
Provinces Cities Municipalities
Assets 433.82 866.52 445.57
Liabilities * 114.59 236.11 152.94
Equity 319.22 630.41 292.63
* Includes Deferred Credits/Unearned Income of P2.12 billion, P95.75 billion and P28.61 billion for provinces, cities and municipalities,
respectively

The General Fund (GF) is the main operating fund of the LGUs which is sourced from
the share of LGUs in national taxes including Internal Revenue Allotment (IRA),
service and business income, and all other sources such as donations and grants. The
Special Education Fund (SEF) is a special fund for use of the Local School Board while
Trust Fund (TF) represents funds received for specific purposes as identified by the
source agencies/institutions.

Among the funds of LGUs, the GF has the biggest share in total assets, liabilities, and
net assets/equity of P1.411 trillion or 80.85 percent, P291.89 billion or 57.95 percent,
and P1.120 trillion or 90.32 percent, respectively, as shown in Chart I.A.3.

2
Chart I.A.3 – LGU Financial Position by Fund
(in billion pesos)

1,600.00
1,400.00
1,200.00
1,000.00
800.00
600.00
400.00
200.00
0.00
General Fund Special Education Trust Fund
Fund
Assets 1,411.48 164.80 169.62
Liabilities 291.88 51.26 160.50
Equity 1,119.59 113.54 9.12

Assets

The combined assets of LGUs of P1.746 trillion is composed of current assets


amounting to P693.08 billion or 39.70 percent and non-current assets amounting to
P1.053 trillion or 60.30 percent. Chart I.A.4 shows the composition of asset accounts.

Chart I.A.4 – Composition of LGUs Combined Assets


(in billion pesos)

Current Assets Non-Current Assets


693.08 1,052.82

Of the current assets, cash and cash equivalents of P477.62 billion, and receivables of
P142.86 billion represent 27.36 percent and 8.18 percent, respectively, of the total
assets. On the other hand, property, plant and equipment of P1.010 trillion which is
classified as non-current assets is 57.71 percent of the total assets.

By LGU classification, 49.63 percent of the total assets pertain to cities, while 25.52
percent and 24.85 percent pertain to municipalities and provinces, respectively, as
shown in Table I.A.1.

3
Table I.A.1 – Assets by LGU Classification
(in million pesos)

Current Non-Current Percent


LGU Classification Assets Total
Assets Distribution
Provinces 169,412.13 264,403.15 433,815.29 24.85
Cities 327,643.10 538,875.69 866,518.78 49.63
Municipalities 196,027.51 249,542.73 445,570.24 25.52
Total 693,082.74 1,052,821.56 1,745,904.31 100.00

Table I.A.2 shows the ten provinces, cities and municipalities with the biggest amount
of total assets, classified into current and non-current. Cebu Province, Makati City and
Municipality of Cainta, Rizal topped in their respective LGU classification with P34.14
billion, P196.57 billion and P3.99 billion, respectively, followed by Compostela
Valley, Quezon City and Municipality of Sual, Pangasinan with P18.95 billion, P68.33
billion and P2.53 billion, respectively.

Table I.A.2 – Ten Provinces, Cities and Municipalities


with the Biggest Amount of Total Assets
(in million pesos)

Total Non-Current
Particulars Current Assets
Assets Assets
Provinces
Cebu 34,138.92 5,762.24 28,376.68
Compostela Valley 18,950.08 1,738.38 17,211.70
Batangas 15,568.47 3,457.36 12,111.11
Rizal 14,020.68 6,132.71 7,887.97
Negros Occidental 12,889.03 6,667.53 6,221.50
Zambales 10,455.48 1,917.96 8,537.52
Bulacan 10,451.54 2,068.75 8,382.80
Palawan 10,158.61 5,226.12 4,932.49
Iloilo 10,045.40 6,156.30 3,889.10
Pampanga 9,530.31 5,559.54 3,970.77

Cities
Makati 196,573.76 32,788.47 163,785.29
Quezon 68,332.47 24,441.83 43,890.64
Manila 38,676.88 20,325.63 18,351.25
Cebu 33,861.08 23,734.45 10,126.63
Pasig 33,703.82 13,424.73 20,279.10
Taguig 19,641.33 13,820.63 5,820.70
Caloocan 17,010.87 3,964.13 13,046.75
Pasay 16,662.57 7,674.86 8,987.71
Davao 13,181.64 7,408.72 5,772.92
Calamba 12,414.22 6,627.03 5,787.19

Municipalities
Cainta, Rizal 3,988.39 1,757.72 2,230.67
Sual, Pangasinan 2,528.53 1,724.78 803.75
Limay, Bataan 2,425.84 1,100.88 1,324.95
Sto. Tomas, Batangas 2,149.74 1,028.74 1,120.99
Binangonan, Rizal 2,105.80 785.30 1,320.51

4
Total Non-Current
Particulars Current Assets
Assets Assets
Mariveles, Bataan 2,091.67 463.51 1,628.16
Tanay, Rizal 1,793.21 966.94 826.27
Carmona, Cavite 1,658.74 615.34 1,043.40
Narvacan, Ilocos Sur 1,626.57 664.18 962.39
Silang, Cavite 1,598.41 726.59 871.82

Liabilities

The combined liabilities of LGUs in CY 2017 aggregating to P503.65 billion


comprised of current liabilities totaling P368.48 billion or 73.16 percent and non-
current liabilities totaling P135.17 billion or 26.84 percent. The total inter-agency
payables of P120.83 billion or 32.79 percent is the biggest portion of the current
liabilities, followed by the financial liabilities of P84.58 billion or 22.95 percent. Of the
total non-current liabilities, financial liabilities of P66.87 billion, and Deferred
Credits/Unearned Income of P57.37 billion represent 49.47 percent and 42.44 percent,
respectively.

The total liabilities by LGU classification is shown in Table I.A.3.

Table I.A.3 - Liabilities by LGU Classification


(in million pesos)

Current Non-Current Total Percent


LGU Classification Liabilities
Liabilities Liabilities Distribution
Provinces 93,037.21 21,555.48 114,592.69 22.75
Cities 148,828.92 87,281.40 236,110.32 46.88
Municipalities 126,616.18 26,328.17 152,944.35 30.37
Total 368,482.30 135,165.05 503,647.35 100.00

Table I.A.4 presents the ten provinces, cities and municipalities with the highest total
liabilities. The Province of Negros Occidental with P5.18 billion topped the provinces,
followed by the Province of Palawan with P4.94 billion. Among the cities, Cebu ranked
first with the highest liabilities mainly due to its Other Deferred Credits/Unearned
Income of P15.72 billion, which represents 63.59 percent of its total liabilities of
P24.72 billion. The Municipality of Cainta, Rizal topped the list of municipalities with
the highest liabilities, also due to the substantial balance of its total Deferred Real
Property Tax and Deferred Special Education Tax of P1.20 billion which is 66.54
percent of its total liabilities of P1.80 billion.

5
Table I.A.4 – Ten Provinces, Cities and Municipalities
with Highest Amount of Total Liabilities
(in million pesos)

Total Current Non-Current


Particulars
Liabilities Liabilities Liabilities
Provinces
Negros Occidental 5,176.99 3,788.56 1,388.44
Palawan 4,936.15 3,217.50 1,718.65
Bohol 3,563.00 3,335.15 227.85
Isabela 3,560.29 1,509.79 2,050.49
Cebu 2,939.61 2,858.61 81.00
Iloilo 2,891.58 2,692.73 198.85
Northern Samar 2,506.33 2,379.20 127.13
Nueva Ecija 2,467.01 1,350.32 1,116.68
Camarines Sur 2,460.79 1,298.19 1,162.59
Batangas 2,340.38 1,839.90 500.49

Cities
Cebu 24,717.87 6,839.16 17,878.71
Manila 19,310.47 9,261.16 10,049.31
Quezon 16,723.26 6,331.51 10,391.75
Makati 13,007.82 11,696.12 1,311.70
Taguig 10,714.46 8,435.43 2,279.03
Pasay 8,644.37 4,591.42 4,052.95
Caloocan 7,564.69 2,901.82 4,662.87
Olongapo 6,956.86 1,378.75 5,578.10
Iligan 6,248.70 3,127.52 3,121.18
Parañaque 4,460.04 1,772.12 2,687.92

Municipalities
Cainta, Rizal 1,799.27 1,779.33 19.95
Sual, Pangasinan 1,645.88 1,645.81 0.07
Santa Cruz, Davao del Sur 990.14 221.67 768.48
Binangonan, Rizal 832.26 551.85 280.40
Tanay, Rizal 797.43 740.19 57.24
Mariveles, Bataan 778.74 232.35 546.39
Rodriquez, Rizal 657.42 536.03 121.39
San Ildefonso, Bulacan 640.55 331.30 309.25
Taytay, Rizal 617.84 478.13 139.71
Sto. Tomas,Batangas 566.53 448.58 117.95

Net Assets/Equity

The combined net assets/equity of P1.242 trillion is the difference between the
combined assets of P1.746 trillion and combined liabilities of P503.65 billion. The net
assets/equity, as shown in Chart I.A.5, is composed of the following: restated balance –
P903.27 billion, adjustment of net revenue recognized directly in the net assets/equity –
P171.25 billion, and surplus for the period – P167.74 billion.

6
Chart I.A.5 – Net Assets/Equity Breakdown
(in billion pesos)

Adjustment of net
revenue recognized
directly in the net
assets equity
171.25
Restated Balance
903.27 Surplus for the
period
167.74

Table I.A.5 shows the ten LGUs by classification with significant balances of net
assets/equity. The top is Cebu for provinces with P31.20 billion, Makati for cities with
P183.56 billion, and Cainta, Rizal for municipalities with P2.19 billion.

Table I.A.5 – Ten Provinces, Cities and Municipalities


with Significant Amount of Net Assets/Equity
(in million pesos)

Net Net
Net Assets/
Provinces Assets/ Cities Assets/ Municipalities
Equity
Equity Equity
Cebu 31,199.31 Makati 183,565.94 Cainta, Rizal 2,189.12
CompostelaValley 17,038.11 Quezon 51,609.21 Limay, Bataan 2,152.22
Batangas 13,228.08 Pasig 30,047.96 Sto. Tomas, Batangas 1,583.21
Rizal 12,313.26 Manila 19,366.41 Carmona, Cavite 1,445.85
Zambales 8,537.44 Caloocan 9,446.19 Narvacan, Ilocos Sur 1,442.48
Bulacan 8,166.87 Cebu 9,143.21 Silang, Cavite 1,319.75
Negros Occidental 7,712.04 Davao 9,112.66 Mariveles, Bataan 1,312.93
Pampanga 7,550.29 Zamboanga 9,031.35 Binangonan, Rizal 1,273.55
Bukidnon 7,437.02 Taguig 8,926.87 Rosario, Cavite 1,162.79
Pangasinan 7,257.35 Pasay 8,018.21 Sta. Maria, Bulacan 1,089.96

7
B. FINANCIAL PERFORMANCE
For CY 2017, the combined surplus of LGUs was P167.74 billion, an increase of P33.37
billion, or 24.84 percent from CY 2016 total of P134.36 billion. The reported total revenue
reached P624.71 billion sourced largely from current operating revenue while total expenses
of P456.98 billion was incurred mainly to finance current operations. Compared to previous
year’s total revenue of P549.17 billion, there was an increase of P75.55 billion or 13.76
percent. Correspondingly, there was an increase of P42.17 billion or 10.17 percent from CY
2016 total expenses of P414.81 billion. Table I.B.1 shows the overall results of operations by
LGU classification for CY 2017.

Table I.B.1 – Results of Operations by LGU Classification


(in million pesos)

Particulars Total Provinces Cities Municipalities


Revenue 624,714.74 142,111.41 272,624.27 209,979.06
Current Operating Revenue 587,355.94 132,755.68 253,982.08 200,618.17
Total Transfers, Assistance and
Subsidy from 23,480.34 8,558.16 6,290.88 8,631.30
Other Non-Operating Income 13,878.46 797.57 12,351.31 729.59
Expenses 456,978.32 102,560.18 191,735.64 162,682.50
Current Operating Expenses 420,692.97 90,001.70 176,851.48 153,839.78
Total Transfers, Assistance and
Subsidy to 35,988.37 12,539.22 14,627.71 8,821.43
Losses 296.98 19.26 256.44 21.28
Surplus (Deficit) for the period 167,736.43 39,551.23 80,888.63 47,296.56

By LGU classification, cities earned the biggest amount of revenue at P272.62 billion or 43.64
percent of the total revenue while municipalities and provinces had P209.98 billion and
P142.11 billion, respectively. Likewise, cities incurred the biggest amount of expenses at
P191.74 billion or 41.96 percent of the total expenses, followed by the municipalities and
provinces at P162.68 billion and P102.56 billion, respectively. Chart I.B.1 shows the total
revenue and total expenses by LGU classification.

Chart I.B.1 – Revenue and Expenses by LGU Classification


(in billion pesos)

310.00
272.62 209.98
260.00
191.74
162.68
210.00
142.11
160.00 102.56
110.00

60.00

10.00 Provinces Cities Municipalities


Revenue* Expenses*
*Includes transfers, assistance and subsidy (from/to), and other non-operating income/losses

8
By fund, the total revenue of P624.71 billion is composed of: GF – P582.88 billion or 93.30
percent, SEF – P31.96 billion or 5.12 percent, and TF – P9.88 billion or 1.58 percent. On the
other hand, the total expenses of P456.98 billion consists of: GF – P432.13 billion or 94.56
percent, SEF – P16.24 billion or 3.55 percent, and TF – P8.61 billion or 1.88 percent. Details
are shown in Table I.B.2.

Table I.B.2 – Results of Operations by Fund


(in million pesos)

Particulars Total GF SEF TF


Revenue 624,714.74 582,877.33 31,957.79 9,879.62
Current Operating Revenue 587,355.94 554,823.68 30,619.96 1,912.30
Total Transfers, Assistance and
Subsidy from 23,480.34 15,674.82 76.30 7,729.22
Other Non-Operating Income 13,878.46 12,378.84 1,261.52 238.10
Expenses 456,978.32 432,130.74 16,241.11 8,606.47
Current Operating Expenses 420,692.97 397,372.71 15,997.97 7,322.28
Total Transfers, Assistance and
Subsidy to 35,988.37 34,461.59 242.59 1,284.19
Losses 296.98 296.43 0.55 -
Surplus (Deficit) for the period 167,736.43 150,746.59 15,716.68 1,273.15

Table I.B.2 also shows that the total revenue of P624.71 billion is composed of revenue from
current operations of P587.36 billion or 94.02 percent; transfers, assistance and subsidy from
NGAs/LGUs/GOCCs/Other Funds of P23.48 billion or 3.76 percent; and other non-operating
income of P13.88 billion or 2.22 percent.

Chart I.B.2 below shows the breakdown of revenue and expenses by fund.

Chart I.B.2 – Revenue and Expenses by Fund


(in billion pesos)

582.88
432.13
610.00
510.00
9.88 8.61
410.00
31.96
310.00 16.24
210.00
110.00
10.00
*Revenue *Expenses
GF SEF TF
*Includes transfers, assistance and subsidy (from/to) and other non-operating income/losses

9
Chart I.B.3 presents the composition of total revenue by LGU classification and by source.

Chart I.B.3 – Total Revenue by LGU Classification, by Source


(in billion pesos)

300.00 253.98

250.00 200.62

200.00
132.76
150.00

100.00

50.00 12.35
8.56 0.80 6.29 8.63 0.73

-
Provinces Cities Municipalities
Current Operating Revenue P587.36 *TAS (from) P23.48 Non-Operating Income P13.88
*TAS – transfers, assistance and subsidy

Table I.B.3 shows the ten provinces, cities and municipalities with the biggest amount of
revenue.

Table I.B.3 – Ten Provinces, Cities, and Municipalities


with Biggest Amount of Total Revenue
(in million pesos)

Provinces Revenue Cities Revenue Municipalities Revenue


Negros Occidental 5,427.49 Makati 26,853.98 Cainta, Rizal 1,221.10
Bulacan 5,007.18 Quezon 20,203.85 Limay, Bataan 1,042.24
Rizal 4,460.68 Manila 12,637.60 Taytay, Rizal 900.26
Cebu 4,096.66 Pasig 10,090.82 Rodriguez, Rizal 899.02
Cavite 3,992.79 Taguig 7,832.46 Narvacan, Ilocos Sur 781.14
Laguna 3,823.91 Davao 7,770.31 Marilao, Bulacan 775.35
Pangasinan 3,774.80 Cebu 6,282.23 Sto. Tomas, Batangas 721.23
Batangas 3,606.97 Caloocan 5,614.71 Carmona, Cavite 709.07
Bukidnon 3,308.90 Pasay 5,590.96 Silang, Cavite 700.30
Nueva Ecija 3,298.85 Parañaque 5,134.60 Rosario, Cavite 696.49

10
Revenue from Current Operations

Chart I.B.4 presents the composition of total current operating revenue. This does not include
gains, which has almost zero-percentage share.

Chart I.B.4 – Current Operating Revenue Account Composition


(in billion pesos)

Service and
Business Income Shares, Grants
54.60 and Donations
9.30% 6.54
1.11%

Other National Tax Revenue


Taxes 145.50
8.91 24.77%
1.52%

IRA
371.77
63.30%

Total revenue from current operations amounting to P587.36 billion was generated from tax
revenue, other national taxes, IRA, service and business income, shares, grants and donations,
and gains. The IRA continued to be the top source of revenue for the LGUs for CY 2017
totalling P371.77 billion or 63.30 percent of the total current operating revenue.

Share from Internal Revenue Allotment

The NG provides revenue allocation to the LGUs in the form of IRA, which is equivalent to
40 percent of its total internal revenue collections based on the collections of the third
preceding year. The total IRA of the LGUs is allocated in the following manner:
municipalities – 34 percent, provinces and cities – 23 percent each, and barangays – 20
percent. Table I.B.4 summarizes the IRA received by the LGUs by region for CY 2017:

Table I.B.4 – IRA by Region, by LGU Classification


(in million pesos)

Regions Total Provinces Cities Municipalities


NCR 21,297.86 - 21,175.87 121.99
CAR 11,813.10 4,779.32 1,539.51 5,494.27
Region I 20,532.00 6,199.47 3,756.69 10,575.84
Region II 20,629.75 6,726.15 3,563.45 10,340.15
Region III 37,312.52 11,908.76 8,607.29 16,796.47
Region IV-A 43,493.58 13,336.87 13,775.43 16,381.29
Region IV-B 17,756.02 6,051.68 2,771.13 8,933.20
Region V 23,381.45 7,736.95 3,582.02 12,062.48
Region VI 17,261.99 5,796.11 1,814.79 9,651.09
Region VII 20,011.86 5,076.07 6,332.98 8,602.80
Region VIII 23,242.47 7,005.43 4,932.68 11,304.36

11
Regions Total Provinces Cities Municipalities
Region IX 15,437.07 4,302.62 4,120.85 7,013.60
Region X 21,666.34 6,016.47 7,074.94 8,574.93
Region XI 19,849.50 5,577.54 7,491.75 6,780.21
Region XII 8,597.78 2,391.60 1,990.62 4,215.57
Region XIII 16,212.79 5,173.28 4,191.36 6,848.16
Region XVI 20,725.09 4,645.12 11,416.98 4,662.99
ARMM 12,552.67 2,866.52 981.20 8,704.95
Total 371,773.87 105,589.97 109,119.54 157,064.36

Total Expenses

Of the total expenses of LGUs amounting to P456.98 billion for CY 2017, shown in Table
I.B.1, the cities had the largest share with P191.74 billion, followed by municipalities with
P162.68 billion, and provinces with P102.56 billion. The total expenses include current
operating expenses; transfers, assistance and subsidy to NGAs/Other LGUs/Funds; and losses.
The composition of the CY 2017 total expenses by LGU classification is shown in Chart
I.B.5.

Chart I.B.5 – Total Expenses by LGU Classification, by Expense Type


(in billion pesos)

210.00 176.85
153.84
160.00
90.00
110.00

60.00
12.54 0.02 14.63 0.26 8.82 0.02
10.00
Provinces Cities Municipalities

Current Operating Expenses P420.69 *TAS (to) P35.99 Losses P0.30

*TAS – transfers, assistance and subsidy

LGUs with Highest Reported Total Expenses

As presented in Table I.B.5, the Province of Negros Occidental, City of Makati and
Municipality of Cainta, Rizal topped the list of the first ten LGUs of their categories with total
expenses of P4.45 billion, P13.07 billion and P1.11 billion, respectively, followed by the
province of Bulacan with P3.26 billion, City of Quezon with P12.30 billion, and Municipality
of Taytay, Rizal with P0.79 billion.

12
Table I.B.5 – Ten Provinces, Cities and Municipalities
With the Biggest Amount of Total Expenses
(in million pesos)

Provinces Expenses Cities Expenses Municipalities Expenses


Negros Occidental 4,448.74 Makati 13,072.86 Cainta, Rizal 1,111.37
Bulacan 3,262.77 Quezon 12,301.60 Taytay, Rizal 794.90
Batangas 3,067.63 Manila 10,602.68 Rodriguez, Rizal 725.40
Cebu 3,031.59 Pasig 6,334.93 Marilao, Bulacan 651.15
Pangasinan 2,962.19 Davao 5,736.94 Rosario, Cavite 575.37
Laguna 2,809.52 Cebu 5,645.24 Sto. Tomas, Batangas 499.20
Cavite 2,536.39 Taguig 5,606.38 Silang, Cavite 482.80
Rizal 2,449.53 Caloocan 4,052.96 Baliuag, Bulacan 469.10
Pampanga 2,438.63 Pasay 4,039.01 Carmona, Cavite 469.00
Quezon 2,390.25 Mandaluyong 3,920.43 Mariveles, Bataan 467.30

Expenses for Current Operations

The total current operating expenses of P420.69 billion is composed of personnel services
(PS) of P167.74 billion or 39.87 percent, maintenance and other operating expenses (MOOE)
of P213.28 billion or 50.70 percent, financial expenses (FE) of P4.65 billion or 1.11 percent,
and non-cash expenses of P35.03 billion or 8.33 percent, as presented in Chart I.B.6.

Chart I.B.6 – Composition of Current Operating Expenses


(in billion pesos)

213.28
240.00
167.74
200.00

160.00

120.00

80.00
35.03
40.00 4.65

-
PS MOOE FE Non-Cash

13
C. CASH FLOWS
The Statement of Cash Flows (SCF) of the LGUs provides an overview of their cash
inflows and outflows and the net changes in cash resulting from operating, investing, and
financing activities.

The SCF for CY 2017 showed P837.90 billion inflows and P722.01 billion outflows,
resulting in net cash flows of P115.88 billion. Compared with the previous year’s net cash
flows of P69.77 billion, there was an increase of P46.10 billion or 66.07 percent.

Cash Inflows

Of the aggregate cash inflows of P837.90 billion for CY 2017, P822.10 billion was from
operating activities, P2.09 billion from investing activities and P13.70 billion from
financing activities. The CY 2017 increase in cash inflows of P102.26 billion or 13.90
percent from CY 2016 total cash inflows of P735.64 billion was due to the increase in
operating activities of P113.02 billion, decrease in investing activities of P6.82 billion and
also a decrease in financing activities of P3.94 billion. Chart I.C.1 shows the comparative
cash inflows for CYs 2017 and 2016.

Chart I.C.1 - Comparative Cash Inflows, CYs 2017 and 2016


(in billion pesos)

14
Cash Outflows

The combined cash outflows for all activities amounted to P722.01 billion, broken down
as follows: operating activities of P597.01 billion, investing activities of P110 billion and
financing activities of P15 billion. The increase of cash outflows from the previous year of
P56.15 billion or 8.43 percent was a result of the increase in operating activities of P69.01
billion, decrease in investing activities of P14.52 billion, and increase in financing
activities of P1.66 billion. Chart I.C.2 shows the comparative cash outflows for CYs 2017
and 2016.

Chart I.C.2 - Comparative Cash Outflows, CYs 2017 and 2016


(in billion pesos)

2017 2016
597.01
600.00 528.01

500.00

400.00

300.00

200.00 124.52
110.00
100.00 13.34
15.00
-
Operating Investing Financing

[C1]

Cash Flows from Operating Activities

The total cash inflows derived from operating activities amounted to P822.10 billion while
the total cash outflows was P597.01 billion, resulting in net inflows of P225.09 billion.
IRA of P365.40 billion was the biggest source, representing 44.45 percent of the total cash
inflows. The inflows also included collections from taxpayers (local taxes), receipts from
business/service income, interests and dividends, and other receipts. Chart I.C.3 shows the
sources of cash inflows from operating activities.

15
Chart I.C.3 - Sources of Cash Inflows from Operating Activities
(in billion pesos)

Local Taxes Interest Income


159.99 2.12
19.46% 0.26%

Business/Service
Other Receipts Income
242.25 51.74
29.47% 6.29%

Dividend
Income
0.59
0.07%
IRA
365.40
44.45%

The top ten provinces, cities and municipalities with substantial cash inflows from local
taxes and IRA are presented in Table I.C.1.

Table I.C.1 - LGUs with Substantial Cash Inflows


from Local Taxes and Internal Revenue Allotment
(in million pesos)

Local Taxes Internal Revenue Allotment


LGUs Amount LGUs Amount
Provinces Provinces
Batangas 1,012.71 Cavite 3,111.61
Bulacan 988.81 Bulacan 2,964.77
Rizal 850.68 Pangasinan 2,961.63
Cavite 775.21 Cebu 2,911.10
Bataan 618.95 Negros Occidental 2,832.27
Zambales 566.18 Laguna 2,698.38
Pangasinan 448.48 Batangas 2,554.17
Bukidnon 380.92 Rizal 2,496.78
Pampanga 350.16 Quezon 2,475.93
Cebu 342.82 Nueva Ecija 2,383.28
Cities Cities
Quezon 14,469.85 Davao 4,166.58
Makati 14,426.02 Quezon 3,408.13
Manila 9,538.60 Zamboanga 2,368.76
Pasig 7,264.45 Manila 2,281.54
Taguig 6,664.96 Puerto Princesa 2,034.27
Mandaluyong 3,545.23 Cebu 1,690.56
Muntinlupa 3,283.79 Calamba 1,475.02
Parañaque 3,202.61 Antipolo 1,458.14
Pasay 2,991.08 Cagayan de Oro 1,408.09
Davao 2,877.71 General Santos 1,353.37

16
Local Taxes Internal Revenue Allotment
LGUs Amount LGUs Amount

Municipalities Municipalities
Cainta, Rizal 866.41 Rodriguez, Rizal 558.23
Limay, Bataan 770.81 Cainta, Rizal 475.55
Calaca, Batangas 453.76 Taytay, Rizal 473.64
Carmona, Cavite 446.47 Sablayan, Occ. Mindoro 442.97
San Miguel, Bulacan 409.31 Binangonan, Rizal 427.54
San Ildefonso, Bulacan 339.24 Silang, Cavite 398.74
Guiguinto, Bulacan 318.73 Sta. Maria, Bulacan 393.02
Mauban, Quezon 313.73 San Mateo, Rizal 383.49
San Mateo, Rizal 299.02 Tanza, Cavite 352.26
Taytay, Rizal 294.85 Malita, Davao Occidental 337.31

Chart I.C.4 shows the breakdown of the total cash outflows from operating activities
amounting to P597.01 billion which represents payments to suppliers/creditors,
employees, and various expenses including interest expenses and other payments.

Chart I.C.4 - Cash Outflows from Operating Activities


(in billion pesos)

Payments to
Suppliers/
Creditors Interest
176.07 Expenses
29.49% 5.24
Payments to 0.88%
Employees
161.13
26.99%
Other
Payments
Payments of 186.99
Expenses 31.32%
67.59
11.32%

Disbursements other than interest expenses and payments to suppliers/creditors and


employees were all reported as payments of expenses. Other Payments amounting to
P186.99 billion include, among others, inter/intra agency fund transfers; grants, subsidies
and donations; awards and indemnities; disbursements/payments of payables for expenses
incurred in prior years; refunds/payments of trust liabilities; and other maintenance and
operating expenses such as training, travel, professional/consultancy services, and others.

17
Cash Flows from Investing Activities

Aggregate cash inflows from investing activities of P2.09 billion decreased significantly
by P6.82 billion or 76.52 percent from previous year’s amount of P8.92 billion. Of the
P2.09 billion, P1.14 billion or 54.48 percent was sourced from collections of principal of
loans to other entities. Proceeds from sale of investments of P586.91 million, sale/disposal
of PPE of P317.20 million, and investment property of P49.20 million contributed to the
remaining portion of the total cash inflows. Of the total cash outflows of P110.00 billion,
P103.20 billion or 93.82 percent was for the purchase/construction of PPE. Other outflows
were for acquisition of investment property and other investments, purchase of bearer
biological assets and intangible assets, and grant of loans to other entities. Chart I.C.5
shows the amounts of cash flows from investing activities.

Chart I.C.5 - Cash Flows from Investing Activities


(in billion pesos)

C
Cash Inflows Cash Outflows Net Cash Flows
2.09 110.00 (107.90)

Cash Flows from Financing Activities

The LGUs posted aggregate net cash flows from financing activities of negative P1.30
billion, significantly lower by P5.6 billion or 130.23 percent than the P4.30 billion posted
in CY 2016. Cash inflows totaled P13.70 billion while the cash outflows amounted to
P15.00 billion. The main sources of cash inflows from this activity were proceeds from
domestic and foreign loans and issues of bills and bonds. Cash outflows pertained to
payments of loan amortization, long-term liabilities, and retirement/redemption of debt
securities. Chart I.C.6 shows the amounts of cash flows from financing activities for CY
2017.

Chart I.C.6 - Cash Flows from Financing Activities


(in billion pesos)

Cash Inflows Cash Outflows Net Cash Flows


13.70 15.00 (1.30)

Cash Flows by LGU Classification and by Fund

Cash inflows and outflows by LGU classification and by fund are shown in Charts I.C.7
and I.C.8, respectively. As to the highest cash inflows and corresponding outflows, the
cities ranked first, followed by municipalities and provinces. By fund, the GF, being the
main operating fund of LGUs, posted the biggest amount of cash inflows and outflows.

18
Chart I.C.7 - Total Cash Inflows/Outflows by LGU Classification
(in billion pesos)

350.00
324.07
300.62
300.00
276.80
267.21
250.00
213.20
200.00
178.00

150.00

100.00

50.00

0.00
Provinces Cities Municipalities
Total Cash Inflows Total Cash Outflows

Chart I.C.8 - Total Cash Inflows/Outflows by Fund


(in billion pesos)

800.00

681.52
700.00
606.55
600.00

500.00

400.00

300.00

200.00
117.23
86.41
100.00 39.14 29.05

0.00
General Fund Special Education Trust Fund
Fund

Total Cash Inflows Total Cash Outflows

19
D. CHANGES IN NET ASSETS/EQUITY
For CY 2017, the consolidated net assets/equity of the LGUs registered at P1.242
trillion. The balance was a result of the following: (a) restated ending balance of CY
2016 amounting to P886.98 billion, (b) adjustments due to change in accounting policy,
prior period errors, and other adjustments totaling P16.29 billion, resulting in the
restated CY 2017 beginning balance of P903.27 billion, and (c) total changes in net
assets/equity for the period of P338.98 billion.

Details of the changes in net assets/equity are shown in Table I.D.1.

Table I.D.1 Changes in Net Asset/Equity


(in million pesos)

AMOUNT
PARTICULARS 2016
2017
(Restated)
NET ASSETS/EQUITY
Balance as at January 1 886,977.23 715,478.81
Add (Deduct)
Changes in accounting policies 10,742.34 14,048.26
Prior period errors 3,185.02 625.51
Other adjustments 2,366.38 0
Restated Balance 903,270.97 730,152.58
Add (Deduct) Changes in net assets/
equity during the year
Adjustments recognized directly in
net assets/equity 171,249.55 22,510.67
Surplus (Deficit) for the period 167,736.43 134,313.98
Total changes during the year 338,985.98 156,824.65
Balance as at December 31 1,242,256.95 886,977.23

The beginning balance as at January 1, 2017 of P886.98 billion was not the actual
ending balance as at December 31, 2016 of P898.13 billion presented in the CY 2016
AFR for Local Government. The difference of P11.15 billion was attributed to FSs of
40 LGUs (2 provinces, one city, and 37 municipalities) which were not included in the
combination due to the absence of comparable figures for CYs 2017 and 2016.

20
E. COMPARISON OF BUDGET AND ACTUAL AMOUNTS
With the adoption of the Philippine Public Sector Accounting Standards (PPSAS) 24
on presentation of budget information in the FSs, the Statement of Comparison of
Budget and Actual Amounts (SCBAA) is required as an additional component of the
FSs. Philippine Application Guidance (PAG) No. 4 of PPSAS 1 – Presentation of
Financial Statements provides that “A separate additional financial statement for
comparison of budget and actual amounts shall be prepared, since the financial
statements and budget of NGAs, LGUs and GOCCs not considered as GBEs are not on
the same accounting basis”.

In the Philippine public sector situation, budgets are on cash basis while the FSs are
prepared on accrual basis, thus PAG No. 4 was prescribed. Compliance with the said
requirement will ensure that public sector entities will discharge their accountability
obligations and enhance the transparency of their FSs by demonstrating compliance
with the approved budgets for which they are held publicly accountable.

Based on the combined CY 2017 SCBAA, the final budget and actual amounts of
revenue/other receipts totaled P577.86 billion and P555.93 billion, respectively, or a
difference of P21.94 billion. The final budget and actual expenditures, including debt
service and continuing appropriations amounted to P734.05 billion and P472.04 billion,
respectively, or a difference of P262.01 billion. The details are presented in Table I.E.1

Table I.E.1 Condensed SCBAA 2017


(in million pesos)

Budget Amount Difference


Actual Final
PARTICULARS
Original Final Difference Amount Budget
and Actual
Revenue
A. Local Sources
Tax Revenue 126,461.91 128,625.76 2,163.85 128,881.89 (256.13)
Non-Tax Revenue 61,009.10 67,899.81 6,890.71 61,386.16 6,513.66
B. External Sources
Share from the National
Internal Revenue Taxes
(IRA) 348,724.75 349,142.24 417.48 340,393.35 8,748.89
Share from GOCCs 816.62 730.03 (86.59) 757.57 27.54
Other Shares from National
Tax Collections 5,898.80 6.606.39 707.60 8,650.69 (2,044.29)
Other Receipts 3,580.38 5,026.68 1,446.30 7,621.92 (2,595.24)
Inter-local Transfer 491.58 970.22 478.65 827.82 142.41
Capital /Investment Receipts 1,637.32 1,721.33 84.10 412.93 1,308.40
C. Receipts from Borrowings 7,612.83 17.140.58 9,527.74 6,993.81 10,146.76
Total Revenue and Receipts 556,233.30 577,863.04 21,629.74 555,926.13 21,936.91

Expenditures
Personnel Services 178,805.73 178,922.22 116.49 148,822.85 30,099.37
MOOE 267,094.29 283793.55 16,699.25 213,354.82 70,438.73
Capital Outlay 106,191.53 160,552.78 54,361.25 61,614.81 98,937.97

21
Budget Amount Difference
Actual Final
PARTICULARS
Original Final Difference Amount Budget
and Actual
Debt Service
Financial Expense 5,938.06 5.835.87 (102.19) 4,610.13 1,225.74
Amortization 8.742.14 8,886.41 144.27 7,160.85 1,725.56
Total Current Appropriations 566,771.75 637,990.82 71,219.07 435,563.45 202,427.37
Continuing Appropriations
Capital Outlay 91.206.78 96,061.75 4,854.97 36,477.14 59,584.60
Total Continuing
Appropriations 91,206.78 96,061.75 4,854.97 36,477.14 59,584.60
Total Appropriations 657,978.53 734,052.57 76,074.04 472,040.59 262,011.97

22
PART II

FINANCIAL
STATEMENTS
Republic of the Philippines
Local Government
Combined Statement of Financial Position
as at December 31, 2017
(in thousand pesos)

2016
Particulars Notes 2017
(Restated)

ASSETS
CURRENT ASSETS
Cash and Cash Equivalents 4 477,615,065 366,372,672
Investments 5 38,613,209 28,533,345
Receivables 6 142,860,435 138,859,870
Inventories 7 22,126,762 18,389,552
Prepayments and Deferred Charges 8 11,867,274 8,860,240
Total Current Assets 693,082,744 561,015,678

NON- CURRENT ASSETS


Investments 9 4,419,121 4,115,047
Receivables 10 24,412,621 23,146,074
Investment Property 11 12,952,222 11,335,810
Property, Plant and Equipment 12 1,009,324,021 727,196,635
Biological Assets 13 860,965 781,742
Intangible Assets 14 852,611 637,162
Total Non-Current Assets 1,052,821,560 767,212,471
TOTAL ASSETS 1,745,904,305 1,328,228,149

LIABILITIES
CURRENT LIABILITIES
Financial Liabilities 15 84,578,959 73,892,285
Inter-Agency Payables 16 120,829,546 90,688,795
Intra-Agency Payables 17 31,810,045 34,063,028
Trust Liabilities 18 48,075,059 37,611,952
Deferred Credits/Unearned Income 19 69,097,232 63,739,812
Provisions 20 482,719 72,007
Other Payables 21 13,608,743 12,370,079
Total Current Liabilities 368,482,303 312,437,959
Non-Current Liabilities
Financial Liabilities 22 66,868,789 64,556,966
Deferred Credits/Unearned Income 23 57,374,528 55,063,019
Provisions 24 40,923 43,215
Other Payables 25 10,880,806 9,149,757
Total Non-Current Liabilities 135,165,047 128,812,957
TOTAL LIABILITIES 135,165,047 128,812,957

NET ASSETS/EQUITY
Net Assets/Equity 26 1,242,256,955 886,977,233
Total Net Assets/Equity 1,242,256,955 886,977,233
TOTAL LIABILITIES AND NET ASSETS/EQUITY 1,745,904,305 1,328,228,149

23
Republic of the Philippines
Local Government
Combined Statement of Financial Position by LGU Classification
as at December 31, 2017
(in thousand pesos)

Particulars Total Provinces Cities Municipalities

ASSETS
CURRENT ASSETS
Cash and Cash Equivalents 477,615,065 128,152,811 201,826,192 147,636,061
Investments 38,613,209 4,005,001 33,606,645 1,001,563
Receivables 142,860,435 24,782,359 75,037,446 43,040,630
Inventories 22,126,762 8,926,062 11,152,581 2,048,118
Prepayments and Deferred Charges 11,867,274 3,545,902 6,020,231 2,301,141
Total Current Assets 693,082,744 169,412,136 327,643,096 196,027,513

NON- CURRENT ASSETS


Investments 4,419,121 653,639 3,555,591 209,891
Receivables 24,412,621 2,653,541 18,457,855 3,301,226
Investment Property 12,952,222 4,525,281 6,312,670 2,114,271
Property, Plant and Equipment 1,009,324,021 256,209,383 509,846,423 243,268,215
Biological Assets 860,965 204,456 180,007 476,501
Intangible Assets 852,611 156,850 523,140 172,621
Total Non-Current Assets 1,052,821,560 264,403,150 538,875,686 249,542,725
TOTAL ASSETS 1,745,904,305 433,815,285 866,518,781 445,570,238

LIABILITIES
CURRENT LIABILITIES
Financial Liabilities 84,578,959 20,775,397 43,973,843 19,829,720
Inter-Agency Payables 120,829,546 41,584,530 21,206,636 58,038,380
Intra-Agency Payables 31,810,045 11,198,957 10,891,276 9,719,812
Trust Liabilities 48,075,059 12,208,402 21,825,107 14,041,550
Deferred Credits/Unearned Income 69,097,232 1,822,226 45,475,325 21,799,681
Provisions 482,719 353,125 114,613 14,981
Other Payables 13,608,743 5,094,569 5,342,123 3,172,052
Total Current Liabilities 368,482,303 93,037,205 148,828,922 126,616,176
Non-Current Liabilities
Financial Liabilities 66,868,789 19,042,643 30,311,909 17,514,238
Deferred Credits/Unearned Income 57,374,528 293,360 50,275,377 6,805,791
Provisions 40,923 - - 40,923
Other Payables 10,880,806 2,219,477 6,694,111 1,967,218
Total Non-Current Liabilities 135,165,047 21,555,480 87,281,397 26,328,170
TOTAL LIABILITIES 503,647,350 114,592,685 236,110,319 152,944,346

NET ASSETS/EQUITY
Net Assets/Equity 1,242,256,955 319,222,600 630,408,463 292,625,892
Total Net Assets/Equity 1,242,256,955 319,222,600 630,408,463 292,625,892
TOTAL LIABILITIES AND NET ASSETS/EQUITY 1,745,904,305 433,815,285 866,518,781 445,570,238

24
Republic of the Philippines
Local Government
Combined Statement of Financial Position by Fund
as at December 31, 2017
(in thousand pesos)

Special
PARTICULARS AMOUNT General Fund Trust Fund
Education Fund

ASSETS
CURRENT ASSETS
Cash and Cash Equivalents 477,615,065 327,228,848 41,819,833 108,566,383
Investments 38,613,209 36,501,066 1,027,106 1,085,037
Receivables 142,860,435 96,477,936 33,721,686 12,660,814
Inventories 22,126,762 18,969,416 2,071,856 1,085,490
Prepayments and Deferred Charges 11,867,274 6,714,058 1,509,912 3,643,304
Total Current Assets 693,082,744 485,891,324 80,150,393 127,041,028

NON- CURRENT ASSETS


Investments 4,419,121 4,302,725 42,096 74,300
Receivables 24,412,621 18,685,106 4,958,435 769,080
Investment Property 12,952,222 12,867,982 152 84,089
Property, Plant and Equipment 1,009,324,021 888,137,069 79,623,404 41,563,549
Biological Assets 860,965 771,902 210 88,853
Intangible Assets 852,611 822,781 26,942 2,888
Total Non-Current Assets 1,052,821,560 925,587,564 84,651,238 42,582,758
TOTAL ASSETS 1,745,904,305 1,411,478,888 164,801,632 169,623,785

LIABILITIES
CURRENT LIABILITIES
Financial Liabilities 84,578,959 76,779,342 5,650,565 2,149,052
Inter-Agency Payables 120,829,546 21,177,338 1,327,462 98,324,746
Intra-Agency Payables 31,810,045 24,775,012 677,963 6,357,069
Trust Liabilities 48,075,059 7,436,950 204,032 40,434,077
Deferred Credits/Unearned Income 69,097,232 37,519,463 30,828,909 748,860
Provisions 482,719 347,609 24 135,085
Other Payables 13,608,743 5,862,386 158,890 7,587,468
Total Current Liabilities 368,482,303 173,898,101 38,847,845 155,736,357
Non-Current Liabilities
Financial Liabilities 66,868,789 65,444,847 1,233,958 189,985
Deferred Credits/Unearned Income 57,374,528 45,810,544 11,027,007 536,977
Provisions 40,923 29,835 - 11,088
Other Payables 10,880,806 6,701,295 154,285 4,025,226
Total Non-Current Liabilities 135,165,047 117,986,521 12,415,250 4,763,276
TOTAL LIABILITIES 503,647,350 291,884,621 51,263,095 160,499,633

NET ASSETS/EQUITY
Net Assets/Equity 1,242,256,955 1,119,594,267 113,538,536 9,124,152
Total Net Assets/Equity 1,242,256,955 1,119,594,267 113,538,536 9,124,152
TOTAL LIABILITIES AND NET ASSETS/EQUITY 1,745,904,305 1,411,478,888 164,801,632 169,623,785

25
Republic of the Philippines
Local Government
Combined Statement of Financial Performance
For the Year Ended December 31, 2017
(in thousand pesos)

2016
Particulars Notes 2017
(Restated)

REVENUE
Tax Revenue 27 145,497,721 127,665,593
Share from Internal Revenue Collections (IRA) 28 371,773,866 324,854,917
Other Share from National Taxes 29 8,912,021 19,320,484
Service and Business Income 30 54,604,600 48,641,313
Shares, Grants and Donations 31 6,539,184 6,210,622
Gains 32 28,547 17,028
Total Current Operating Revenue 587,355,940 526,709,957

Less: Current Operating Expenses


Personnel Services 33 167,735,319 156,452,147
Maintenance and Other Operating Expenses 34 213,278,440 192,642,152
Financial Expenses 35 4,652,767 4,799,075
Non-Cash Expenses 36 35,026,439 29,330,203
Total Current Operating Expenses 420,692,966 383,223,577
Surplus (Deficit) from Current Operations 166,662,974 143,486,380
Add (Deduct): Transfers, Assistance and Subsidy
Transfers, Assistance and Subsidy from NGAs/
LGUs/GOCCs/Other Funds 37 23,480,343 19,851,342
Transfers, Assistance and Subsidy to NGAs/
Other LGUs/Funds 38 35,988,370 30,984,529
Net Financial Assistance/Subsidy (12,508,027) (11,133,188)
Other Non-Operating Income/(Losses)
Sale of Assets 39 74,232 2,049
Gains 40 11,637,632 106,005
Miscellaneous Income 41 2,166,597 2,500,011
Losses 42 296,983 598,349
Net Other Non-Operating Income/(Losses) 13,581,479 2,009,717
SURPLUS (DEFICIT) FOR THE PERIOD 167,736,426 134,362,909

26
Republic of the Philippines
Local Government
Combined Statement of Financial Performance
By LGU Classification
For the Year Ended December 31, 2017
(in thousand pesos)

PARTICULARS Total Provinces Cities Municipalities

REVENUE
Tax Revenue 145,497,721 11,152,832 113,192,555 21,152,335
Share from Internal Revenue Collections (IRA) 371,773,866 105,589,972 109,119,537 157,064,358
Other Share from National Taxes 8,912,021 394,518 4,274,374 4,243,128
Service and Business Income 54,604,600 14,005,677 25,634,098 14,964,824
Shares, Grants and Donations 6,539,184 1,597,558 1,756,435 3,185,191
Gains 28,547 15,127 5,084 8,337
Total Current Operating Revenue 587,355,940 132,755,683 253,982,083 200,618,173

Less: Current Operating Expenses


Personnel Services 167,735,319 36,949,661 61,547,856 69,237,802
Maintenance and Other Operating Expenses 213,278,440 43,762,495 96,169,806 73,346,140
Financial Expenses 4,652,767 1,204,004 1,897,074 1,551,689
Non-Cash Expenses 35,026,439 8,085,541 17,236,747 9,704,152
Total Current Operating Expenses 420,692,966 90,001,701 176,851,482 153,839,783
Surplus (Deficit) from Current Operations 166,662,974 42,753,983 77,130,601 46,778,391
Add (Deduct): Transfers, Assistance and Subsidy
Transfers, Assistance and Subsidy from NGAs/
LGUs/GOCCs/Other Funds 23,480,343 8,558,163 6,290,878 8,631,303
Transfers, Assistance and Subsidy to NGAs/
Other LGUs/Funds 35,988,370 12,539,223 14,627,712 8,821,434
Net Financial Assistance/Subsidy (12,508,027) (3,981,061) (8,336,835) (190,131)
Other Non-Operating Income/(Losses)
Sale of Assets 74,232 31,341 41,857 1,035
Gains 11,637,632 176,190 11,438,602 22,840
Miscellaneous Income 2,166,597 590,035 870,849 705,714
Losses 296,983 19,259 256,441 21,283
Net Other Non-Operating Income/(Losses) 13,581,479 778,307 12,094,867 708,305
SURPLUS (DEFICIT) FOR THE PERIOD 167,736,426 39,551,229 80,888,633 47,296,564

27
Republic of the Philippines
Local Government
Combined Statement of Financial Performance
By Fund
For the Year Ended December 31, 2017
(in thousand pesos)

Special
PARTICULARS Total General Fund Trust Fund
Education Fund

REVENUE
Tax Revenue 145,497,721 115,040,587 30,456,799 335
Share from Internal Revenue Collections (IRA) 371,773,866 371,773,866 - -
Other Share from National Taxes 8,912,021 8,909,582 - 2,439
Service and Business Income 54,604,600 54,350,333 153,864 100,403
Shares, Grants and Donations 6,539,184 4,720,761 9,302 1,809,121
Gains 28,547 28,547 - -
Total Current Operating Revenue 587,355,940 554,823,677 30,619,965 1,912,298

Less: Current Operating Expenses


Personnel Services 167,735,319 165,792,053 1,434,001 509,265
Maintenance and Other Operating Expenses 213,278,440 195,945,084 10,571,802 6,761,554
Financial Expenses 4,652,767 4,580,507 71,772 488
Non-Cash Expenses 35,026,439 31,055,070 3,920,397 50,972
Total Current Operating Expenses 420,692,966 397,372,714 15,997,972 7,322,279
Surplus (Deficit) from Current Operations 166,662,974 157,450,962 14,621,993 (5,409,981)
Add (Deduct): Transfers, Assistance and Subsidy
Transfers, Assistance and Subsidy from NGAs/
LGUs/GOCCs/Other Funds 23,480,343 15,674,819 76,303 7,729,221
Transfers, Assistance and Subsidy to NGAs/
Other LGUs/Funds 35,988,370 34,461,593 242,585 1,284,192
Net Financial Assistance/Subsidy (12,508,027) (18,786,774) (166,282) 6,445,029

Other Non-Operating Income/(Losses)


Sale of Assets 74,232 74,232 - -
Gains 11,637,632 10,369,244 1,254,290 14,097
Miscellaneous Income 2,166,597 1,935,361 7,229 224,007
Losses 296,983 296,435 548 -
Net Other Non-Operating Income/(Losses) 13,581,479 12,082,403 1,260,972 238,104

SURPLUS (DEFICIT) FOR THE PERIOD 167,736,426 150,746,592 15,716,682 1,273,152

28
Republic of the Philippines
Local Government
Combined Statement of Cash Flows
For the Year Ended December 31, 2017
(in thousand pesos)

2016
Particulars Notes 2017
(Restated)

Cash Flows From Operating Activities


Total Cash Inflows 43 822,103,339 709,082,757
Total Cash Outflows 44 597,012,757 528,006,089
Net Cash Flows from Operating Activities 225,090,582 181,076,668
Cash Flows From Investing Activities
Total Cash Inflows 45 2,094,058 8,917,152
Total Cash Outflows 46 109,998,667 124,518,534
Net Cash Flows from Investing Activities (107,904,609) (115,601,382)
Cash Flows From Financing Activities
Total Cash Inflows 47 13,698,059 17,639,849
Total Cash Outflows 48 15,001,093 13,341,361
Net Cash Flows from Financing Activities (1,303,035) 4,298,488
Total Cash Provided by Operating, Investing and Financing Activities 115,882,939 69,773,774
Cash at the Beginning of the Year 361,726,891 296,598,791
Cash Balance at the End of the Year 477,609,829 366,372,565

Republic of the Philippines


Local Government Units
Combined Statement of Cash Flows
For the Year Ended December 31, 2017
(in thousand pesos)

2016
Particulars Notes 2017
(Restated)

Cash Inflows
Operating Activities 43 822,103,339 709,082,757
Investing Activities 45 2,094,058 8,917,152
Financing Activities 47 13,698,059 17,639,849
Total Cash Inflows 837,895,455 735,639,758
Cash Outflows
Operating Activities 44 597,012,757 528,006,089
Investing Activities 46 109,998,667 124,518,534
Financing Activities 48 15,001,093 13,341,361
Total Cash Outflows 722,012,517 665,865,984
Total Cash Provided by Operating, Investing and Financing Activities 115,882,939 69,773,774
Cash at the Beginning of the Year 361,726,891 296,598,791
Cash Balance at the End of the Year 477,609,829 366,372,565

Notes:
1 Difference in CY 2017 of P5.24 million between the Total Cash and Cash Equivalents in the Statement of Financial Position (SFP) and Cash at the
End of the Period in the Statement of Cash Flows (SCF) is due to the discrepancy in the cash balances per submitted SFP and SCF of
the following Municipalities: Mayoyao, Ifugao Province, and Pasil and Tinglayan, both in the Province of Kalinga in CAR.
2 Difference in CY 2016 of P0.11 million between the Total Cash and Cash Equivalents in the Statement of Financial Position (SFP) and Cash at the
End of the Period in the Statement of Cash Flows (SCF) is due to the discrepancy in the cash balances per submitted SFP and SCF of
Municipality of Famy, Laguna.

29
Republic of the Philippines
Local Government
Combined Statement of Cash Flows, By LGU Classification
For the Year Ended December 31, 2017
(in thousand pesos)

Particulars Total Provinces Cities Municipalities

Cash Flows From Operating Activities


Total Cash Inflows 822,103,339 208,324,357 317,942,728 295,836,254
Total Cash Outflows 597,012,757 148,507,918 227,926,616 220,578,223
Net Cash Flows from Operating Activities 225,090,582 59,816,439 90,016,112 75,258,031
Cash Flows From Investing Activities
Total Cash Inflows 2,094,058 958,342 336,515 799,201
Total Cash Outflows 109,998,667 25,887,172 41,676,491 42,435,004
Net Cash Flows from Investing Activities (107,904,609) (24,928,831) (41,339,976) (41,635,802)
Cash Flows From Financing Activities
Total Cash Inflows 13,698,059 3,919,723 5,790,699 3,987,637
Total Cash Outflows 15,001,093 3,604,878 7,197,087 4,199,128
Net Cash Flows from Financing Activities (1,303,035) 314,844 (1,406,388) (211,491)
Total Cash Provided by Operating, Investing and Financing Activities 115,882,939 35,202,453 47,269,748 33,410,737
Cash at the Beginning of the Year 361,726,891 92,950,359 154,556,443 114,220,089
Cash Balance Ending December 31, 2017 477,609,829 128,152,811 201,826,192 147,630,826

Republic of the Philippines


Local Government Units
Combined Statement of Cash Flows, By LGU Classification
For the Year Ended December 31, 2017
(in thousand pesos)

Particulars Total Provinces Cities Municipalities

Cash Inflows
Operating Activities 822,103,339 208,324,357 317,942,728 295,836,254
Investing Activities 2,094,058 958,342 336,515 799,201
Financing Activities 13,698,059 3,919,723 5,790,699 3,987,637
Total Cash Inflows 837,895,455 213,202,421 324,069,942 300,623,092
Cash Outflows
Operating Activities 597,012,757 148,507,918 227,926,616 220,578,223
Investing Activities 109,998,667 25,887,172 41,676,491 42,435,004
Financing Activities 15,001,093 3,604,878 7,197,087 4,199,128
Total Cash Outflows 722,012,517 177,999,968 276,800,194 267,212,355
Total Cash Provided by Operating, Investing and Financing Activities 115,882,939 35,202,453 47,269,748 33,410,737
Cash at the Beginning of the Year 361,726,891 92,950,359 154,556,443 114,220,089
Cash Balance Ending December 31, 2017 477,609,829 128,152,811 201,826,192 147,630,826

30
Republic of the Philippines
Local Government
Combined Statement of Cash Flows, By Fund
For the Year Ended December 31, 2017
(in thousand pesos)

Special
General Trust
Particulars Total Education
Fund Fund
Fund

Cash Flows From Operating Activities


Total Cash Inflows 822,103,339 668,412,417 38,912,485 114,778,436
Total Cash Outflows 597,012,757 508,477,646 20,977,132 67,557,979
Net Cash Flows from Operating Activities 225,090,582 159,934,772 17,935,354 47,220,457
Cash Flows From Investing Activities
Total Cash Inflows 2,094,058 1,083,469 687 1,009,901
Total Cash Outflows 109,998,667 84,310,139 7,192,203 18,496,324
Net Cash Flows from Investing Activities (107,904,609) (83,226,670) (7,191,516) (17,486,423)
Cash Flows From Financing Activities
Total Cash Inflows 13,698,059 12,028,811 231,531 1,437,717
Total Cash Outflows 15,001,093 13,764,246 882,311 354,536
Net Cash Flows from Financing Activities (1,303,035) (1,735,435) (650,781) 1,083,181
Total Cash Provided by Operating, Investing and Financing Activities 115,882,939 74,972,667 10,093,057 30,817,215
Cash at the Beginning of the Year 361,726,891 252,251,110 31,726,611 77,749,169
Cash Balance Ending December 31, 2017 477,609,829 327,223,777 41,819,669 108,566,383

Republic of the Philippines


Local Government Units
Combined Statement of Cash Flows, By Fund
For the Year Ended December 31, 2017
(in thousand pesos)

Special
General Trust
Particulars Total Education
Fund Fund
Fund

Cash Inflows
Operating Activities 822,103,339 668,412,417 38,912,485 114,778,436
Investing Activities 2,094,058 1,083,469 687 1,009,901
Financing Activities 13,698,059 12,028,811 231,531 1,437,717
Total Cash Inflows 837,895,455 681,524,697 39,144,703 117,226,055
Cash Outflows
Operating Activities 597,012,757 508,477,646 20,977,132 67,557,979
Investing Activities 109,998,667 84,310,139 7,192,203 18,496,324
Financing Activities 15,001,093 13,764,246 882,311 354,536
Total Cash Outflows 722,012,517 606,552,031 29,051,646 86,408,840
Total Cash Provided by Operating, Investing and Financing Activities 115,882,939 74,972,667 10,093,057 30,817,215
Cash at the Beginning of the Period 361,726,891 252,251,110 31,726,611 77,749,169
Cash Balance Ending December 31, 2017 477,609,829 327,223,777 41,819,669 108,566,383

31
Republic of the Philippines
Local Government
Combined Statement of Changes in Net Assets/Equity
For the Year Ended December 31, 2017
(in thousand pesos)

2016
Particulars 2017
(Restated)

NET ASSETS/EQUITY
Balance at January 1, 2017 886,977,233 715,478,808
Add (Deduct)
Change in Accounting Policy 10,742,344 14,048,263
Prior Period Errors 3,185,019 625,510.04
Other Adjustments 2,366,378 -
Restated Balance 903,270,974 730,152.5811
Add (Deduct) Changes in net assets/equity during the Year
Adjustment of net revenue recognized directly in net assets/equity 171,249,555 22,510,674
Suplus (Deficit) for the period 167,736,426 134,313,978
Total changes during the year 338,985,982 156,824.6521
Balance at December 31, 2017 1,242,256,955 886,977.2333

Republic of the Philippines


Local Government Units
Combined Statement of Changes in Net Assets/Equity - By LGU Classification
For the Year Ended December 31, 2017
(in thousand pesos)

Particulars TOTAL Provinces Cities Municipalities

NET ASSETS/EQUITY
Balance at January 1, 2017 886,977,233 238,094,399 417,943,585 230,939,250
Add (Deduct)
Change in Accounting Policy 10,742,344 4,612,736 3,491,837 2,637,770
Prior Period Errors 3,185,019 9,429,782 (6,629,636) 384,874
Other Adjustments 2,366,378 195,076 910,506 1,260,796
Restated Balance 903,270,974 252,331,993 415,716,292 235,222,689
Add (Deduct) Changes in net assets/equity during the Year
Adjustment of net revenue recognized directly in net assets/equity 171,249,555 27,339,379 133,803,537 10,106,639
Suplus (Deficit) for the period 167,736,426 39,551,229 80,888,633 47,296,564
Total changes during the year 338,985,982 66,890,608 214,692,171 57,403,203
Balance at December 31, 2017 1,242,256,955 319,222,600 630,408,463 292,625,892

Republic of the Philippines


Local Government Units
Combined Statement of Changes in Net Assets/Equity - By Fund
For the Year Ended December 31, 2017
(in thousand pesos)

Special
Particulars Total General Fund Education Trust Fund
Fund

NET ASSETS/EQUITY
Balance at January 1, 2017 886,977,233 782,566,880 97,348,636 7,061,718
Adjustment to Government Equity, beginning
Add (Deduct)
Change in Accounting Policy 10,742,344 11,094,151 (51,472) (300,336)
Prior Period Errors 3,185,019 2,352,205 428,442 404,372
Other Adjustments 2,366,378 1,679,077 17,177 670,123
Restated Balance 903,270,974 797,692,313 97,742,783 7,835,877
Add (Deduct) Changes in net assets/equity during the Year
Adjustment of net revenue recognized directly in net assets/equity 171,249,555 171,155,617 79,071 14,868
Suplus (Deficit) for the period 167,736,426 150,746,592 15,716,682 1,273,152
Total changes during the year 338,985,982 321,902,209 15,795,753 1,288,020
Balance at December 31, 2017 1,242,256,955 1,119,594,522 113,538,536 9,123,897

32
Republic of the Philippines
Local Government
Statement of Comparison of Budget and Actual Amounts
For the Year Ended December 31, 2017
(in thousand pesos)

OVER-ALL TOTAL
Budgeted Amounts Difference Difference
Particulars Actual
Original and Amounts Final Budget
Original Final
Final Budget and Actual

Revenue
A. Local Sources
1. Tax Revenue
a. Tax Revenue - Property 55,778,817 56,378,557 599,740 51,621,630 4,756,927
b. Tax Revenue - Goods and Services 56,986,560 58,237,258 1,250,698 63,183,261 (4,946,004)
c. Other Local Taxes 13,696,535 14,009,947 313,412 14,077,000 (67,053)
Total Tax Revenue 126,461,912 128,625,762 2,163,850 128,881,892 (256,130)
2. Non-Tax Revenue
a. Service Income 19,325,142 19,856,022 530,879 17,304,475 2,551,547
b. Business Income 30,503,418 30,650,451 147,033 32,873,283 (2,222,832)
c. Other Income and Receipts 11,180,544 17,393,338 6,212,794 11,208,398 6,184,941
Total Non-Tax Revenue 61,009,104 67,899,811 6,890,706 61,386,155 6,513,655
B. External Sources
1. Share from the National Internal Revenue Taxes (IRA) 348,724,754 349,142,237 417,483 340,393,351 8,748,886
2. Share from GOCCs 816,620 730,033 (86,587) 757,571 (27,538)
3. Other Shares from National Tax Collections 5,898,798 6,606,394 707,596 8,650,686 (2,044,291)
a. Share from Ecozone 3,238,128 3,629,429 391,301 4,903,770 (1,274,342)
b. Share from EVAT 177,438 246,844 69,405 367,921 (121,077)
c. Share from National Wealth 1,307,807 1,475,961 168,154 1,230,882 245,079
d. Share from Tobacco Excise Tax 1,175,425 1,254,161 78,736 2,148,112 (893,951)
4. Other Receipts 3,580,383 5,026,679 1,446,296 7,621,917 (2,595,239)
a. Grants and Donations 637,361 820,150 182,788 2,424,481 (1,604,331)
b. Other Subsidy Income 2,943,021 4,206,529 1,263,508 5,197,436 (990,907)
5. Inter-local Transfer 491,576 970,222 478,646 827,816 142,407
6. Capital /Investment Receipts 1,637,321 1,721,329 84,008 412,934 1,308,396
a. Sale of Capital Assets 190,912 181,283 (9,628) 27,926 153,358
b. Sale of Investments 7,753 9,036 1,284 5,385 3,651
c. Proceeds from Collections of Loan Receivables 1,438,656 1,531,009 92,353 379,623 1,151,387
C. Receipts from Borrowings 7,612,830 17,140,575 9,527,745 6,993,810 10,146,765
Total Revenue and Receipts 556,233,299 577,863,042 21,629,743 555,926,132 21,936,910

Expenditures
Current Appropriations
General Public Services
Personal Services 97,664,105 98,056,387 392,282 83,749,419 14,306,968
Maintenance and Other Operating Expenses 111,554,053 122,076,866 10,522,813 98,061,496 24,015,369
Capital Outlay 21,620,002 41,104,829 19,484,827 14,244,091 26,860,739
Education
Personal Services 4,602,909 4,536,925 (65,983) 3,002,861 1,534,064
Maintenance and Other Operating Expenses 13,145,180 14,502,588 1,357,408 11,306,785 3,195,804
Capital Outlay 7,664,067 10,983,783 3,319,716 4,947,203 6,036,580
Health, Nutrition and Population Control
Personal Services 33,359,978 33,047,732 (312,246) 29,002,974 4,044,758
Maintenance and Other Operating Expenses 24,297,859 25,459,415 1,161,556 20,725,355 4,734,060
Capital Outlay 2,125,145 3,131,767 1,006,622 1,288,800 1,842,967
Labor and Employment
Personal Services 299,987 295,721 (4,266) 226,846 68,875
Maintenance and Other Operating Expenses 641,788 630,236 (11,552) 371,834 258,402
Capital Outlay 21,620 22,250 631 12,321 9,929
Housing and Community Development
Personal Services 1,676,099 1,700,696 24,597 1,438,507 262,189
Maintenance and Other Operating Expenses 5,753,200 6,258,630 505,429 5,553,806 704,824
Capital Outlay 1,095,412 2,252,341 1,156,930 548,481 1,703,860
Social Services and Social Welfare
Personal Services 10,614,809 10,886,741 271,932 8,068,973 2,817,768
Maintenance and Other Operating Expenses 20,343,436 20,512,278 168,842 15,806,148 4,706,131
Capital Outlay 1,748,323 3,421,108 1,672,785 1,317,632 2,103,476

33
Republic of the Philippines
Local Government
Statement of Comparison of Budget and Actual Amounts
For the Year Ended December 31, 2017
(in thousand pesos)

OVER-ALL TOTAL
Budgeted Amounts Difference Difference
Particulars Actual
Original and Amounts Final Budget
Original Final
Final Budget and Actual

Economic Services
Personal Services 27,484,033 27,274,595 (209,437) 20,454,487 6,820,108
Maintenance and Other Operating Expenses 26,388,998 28,025,826 1,636,828 18,568,500 9,457,326
Capital Outlay 13,544,431 32,233,894 18,689,463 8,891,095 23,342,799
Other Purposes:
Debt Service
Financial Expense 5,938,055 5,835,868 (102,187) 4,610,128 1,225,740
Amortization 8,742,141 8,886,411 144,270 7,160,848 1,725,563
LDRRMF
Maintenance and Other Operating Expenses 15,006,204 14,951,967 (54,237) 8,940,912 6,011,056
Capital Outlay 8,760,374 8,748,021 (12,353) 3,974,284 4,773,737
20% Development Fund
Maintenance and Other Operating Expenses 17,470,584 17,226,242 (244,342) 11,378,182 5,848,059
Capital Outlay 45,176,401 50,338,285 5,161,883 23,264,586 27,073,699
Share from National Wealth
Maintenance and Other Operating Expenses 569,935 600,446 30,512 362,553 237,894
Capital Outlay 410,995 674,381 263,386 127,921 546,460
Allocation for Senior Citizens and PWD
Maintenance and Other Operating Expenses 3,579,198 3,140,513 (438,685) 2,265,136 875,377
Capital Outlay 184,349 191,490 7,141 107,676 83,814
Others
Personal Services 3,103,808 3,123,418 19,610 2,878,781 244,638
Maintenance and Other Operating Expenses 28,343,857 30,408,540 2,064,683 20,014,113 10,394,428
Capital Outlay 3,840,414 7,450,629 3,610,215 2,890,721 4,559,908
Total Current Appropriations 566,771,750 637,990,822 71,219,072 435,563,452 202,427,370
Continuing Appropriations
General Public Services
Capital Outlay 22,128,767 23,826,351 1,697,583 8,723,145 15,103,206
Education
Capital Outlay 5,899,936 5,752,136 (147,801) 2,149,302 3,602,834
Health, Nutrition and Population Control
Capital Outlay 3,080,494 3,045,887 (34,607) 773,713 2,272,174
Labor and Employment
Capital Outlay 57,381 60,872 3,491 24,168 36,704
Housing and Community Development
Capital Outlay 2,971,071 2,933,919 (37,152) 1,184,635 1,749,284
Social Services and Social Welfare
Capital Outlay 2,662,268 2,885,551 223,283 1,215,146 1,670,405
Economic Services
Capital Outlay 27,591,889 30,470,156 2,878,268 11,449,972 19,020,185
Other Purposes:
Capital Outlay 26,814,972 27,086,875 271,902 10,957,061 16,129,814
Total Continuing Appropriations 91,206,777 96,061,746 4,854,969 36,477,141 59,584,604
Total Appropriations 657,978,527 734,052,567 76,074,041 472,040,593 262,011,974
Summary:
Expenditures
Current Appropriations
Total Personal Services 178,805,728 178,922,216 116,488 148,822,848 30,099,368
Total Maintenance and Other Operating Expenses 267,094,292 283,793,547 16,699,255 213,354,817 70,438,730
Total Capital Outlay 106,191,534 160,552,779 54,361,245 61,614,811 98,937,968
Debt Service
Financial Expense 5,938,055 5,835,868 (102,187) 4,610,128 1,225,740
Amortization 8,742,141 8,886,411 144,270 7,160,848 1,725,563
Total Current Appropriations 566,771,750 637,990,822 71,219,072 435,563,452 202,427,370
Continuing Appropriations
Total Capital Outlay 91,206,777 96,061,746 4,854,969 36,477,141 59,584,604
Total Continuing Appropriations 91,206,777 96,061,746 4,854,969 36,477,141 59,584,604

34
Republic of the Philippines
Local Government
Combined Notes to Financial Statements
For the Year Ended December 31, 2017

1. GENERAL INFORMATION

The AFR for the Local Government for the year ended December 31, 2017 presents the
combined FSs submitted by 77 provinces, 141 cities, and 1,420 municipalities or a total
of 1,638 LGUs, which is 95.51 percent of the expected 1,715 LGUs. The FSs of 77
LGUs listed in Annex 3 are not included in the combination, 54 of which did not submit
their CY 2017 FSs, and 23 submitted their CY 2017 FSs on or before the cut-off date of
July 31, 2018 but did not submit their CY 2016 FSs.

Following the requirement of PPSAS 1-Presentation of Financial Statements on


presenting comparative figures in the FSs, the CY 2016 balances were adjusted to
include the accounts of 40 LGUs shown in Annex 1 since they were able to submit their
FSs on a comparative basis. On the other hand, 46 LGUs comprising 2 provinces, 3
cities, and 41 municipalities shown in Annex 2 were excluded in the CY 2016 balances
due to non-submission of their CY 2017 FSs on the cut-off date.

2. STATEMENT OF COMPLIANCE AND BASIS OF


PREPARATION OF FINANCIAL STATEMENTS

The combined FSs were prepared in accordance with the PPSAS adopted through COA
Resolution No. 2014-003 dated January 24, 2014 but implementation thereof by LGUs
was deferred from January 1, 2014 to January 1, 2015 under COA Resolution No. 2015-
009 dated March 9, 2015. The accounts used are in conformity with the Revised Chart
of Accounts for LGUs prescribed under COA Circular No. 2015-009 dated December
1, 2015. The FSs are presented in accordance with the prescribed formats under COA
Circular No. 2016-004 dated September 30, 2016.

Detailed disclosures on FSs presentation as required by PPSAS are not presented in this
Report. Readers interested in the detailed disclosures may refer to the audited FSs
contained in the Annual Audit Reports on individual LGUs that are posted in the COA
website (http://coa.gov.ph).

The Statement of Cash Flows is prepared using the direct method whereby major
classes of gross cash receipts and gross cash payments are disclosed. The FSs were
prepared based on historical cost, unless stated otherwise.

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3.1. Currency of presentation

All amounts presented in this Report are expressed in Philippine peso, rounded
off to the nearest thousands (P000), unless stated otherwise. The difference

35
between the total amount and sum of components presented in the tables is due
to rounding off.

3.2. Accrual basis of accounting

The combined FSs of LGUs were prepared on an accrual basis in accordance


with applicable PPSAS. Accrual basis of accounting means transactions and
events are recognized in the period in which they occur. All expenses are
recognized and reported in the FSs in the period to which they relate. Income is
on accrual basis except for transactions where accrual basis is impractical or
when the law requires other methods.

3.3. Combination

The combined FSs presented in this Report are based on the consolidated FSs of
1,638 LGUs. The consolidated FSs present financial data of the LGUs and their
respective controlled economic enterprises. The controlled funds are all those
over which the entity has the power to govern the financial and operating
activities. Inter-fund transactions, balances and unrealized gains and losses on
transactions between funds are eliminated.

The LGUs maintain three funds namely: GF, SEF and TF. Special accounts
under the GF are also maintained, which include, among others, the following
funds and economic enterprises:

a. 20% Development Fund


b. Local Disaster Risk Reduction and Management Fund
c. Hospital Operations
d. School Operations
e. Lending Programs
f. Market Operations
g. Slaughter House Operations
h. Toll Roads and Bridges Operations
i. Transportation Operations
j. Recreational Center Operations
k. Cemeteries Operations
l. Parks Operations
m. Pasalubong Center Operations

The combined FSs reflect the assets, liabilities, revenues, expenses, cash flows,
changes in net assets/equity, comparison of budget and actual amounts, and
corresponding notes to FSs covering all funds of the LGUs concerned.

3.4. Presentation of financial statements

The general purpose FSs listed below were prepared in accordance with
applicable PPSAS:

a. Statement of Financial Position;

36
b. Statement of Financial Performance;
c. Statement of Cash Flows;
d. Statement of Changes in Net Assets/Equity;
e. Statement of Comparison of Budget and Actual Amounts; and
f. Notes to Financial Statements.

3.5. Correction of prior years’ errors

Prior years’ errors requiring adjustments are corrected retrospectively by


adjusting the Accumulated Surplus/(Deficit) and related accounts.

3.6. Changes in accounting policies and estimates

The LGUs recognized the effects of changes in accounting policy


retrospectively. The effects of changes in accounting policy are applied
prospectively if retrospective application is impractical.

The effects of changes in accounting estimates are applied prospectively by


including it in surplus or deficit.

3.7. Foreign currency transactions

Transactions in foreign currencies are initially accounted for at the rate of


exchange on the date of the transaction. Trade receivables and payables
denominated in foreign currency are valued at the SFPos reporting date by
applying the exchange rate on that date. Exchange differences arising on (a) the
settlement of monetary items, or (b) translating monetary items at rates different
from those at which they were translated on initial recognition during the period
or in previous FSs, are recognized in surplus or deficit in the period in which
they arise.

3.8. Borrowing costs

Borrowing costs are recognized under the allowed alternative treatment, wherein
costs are recognized as expenses in the period in which they are incurred, except
the costs that are directly attributable to the acquisition, construction, or
production of a qualifying asset which are capitalized as part of the cost of the
asset. Such borrowing costs are capitalized over the period during which the
asset is being acquired or constructed and borrowings have been incurred.
Capitalization ceases when construction of the asset is complete.

3.9. Related parties

The LGU regards a related party as a person or an entity with the ability to exert
control individually or jointly, or to exercise significant influence over the LGU,
or vice versa. Members of key management such as governors, vice-governors,
mayors, and vice-mayors, sanggunian members, and department heads are
regarded as related parties.

37
3.10. Interests in joint ventures

The LGU has interest in a joint venture which is a jointly controlled entity,
whereby the venturers have a binding arrangement that establishes joint control
over the economic activities of the entity. The LGU recognizes its interest in the
joint venture using the equity method. The LGU contributes its resources to the
jointly controlled entity and recognizes the contributions as an investment in the
jointly controlled entity.

3.11. Revenue recognition

a. Revenue from non-exchange transactions

Taxes

The LGU recognizes revenue from taxes when the taxable event occurs
and the asset recognition criteria are met. To the extent that there is a
related condition attached that would give rise to a liability to repay the
amount, liability is recognized instead of revenue. Other non-exchange
revenue are recognized when it is probable that the future economic
benefits or service potential associated with the asset will flow to the entity
and the fair value of the asset can be measured reliably.

The LGUs availed of the five-year transitional provision for the


recognition of Tax Revenue-Real Property and Special Education Tax.

Fees and fines not related to taxes

Revenue from fees and fines, except those related to taxes, are recognized
when earned and when the asset recognition criteria are met. Deferred
income is recognized instead of revenue if there is a related condition
attached that would give rise to a liability to repay the amount.

Gifts and donations

Revenue from gifts and donations are recognized when it is probable that
the future economic benefits or service potential will flow to the entity and
the fair value of the assets can be measured reliably.

Services in-kind

Services in-kind are not recognized as asset and revenue considering the
complexities in the determination and measurement of such services.

Transfers from other government entities

Transfers from other government entities are measured at fair value and
recognized on obtaining control of the asset (cash, goods, services and
property) if the transfer is free from conditions and if it is probable that the

38
economic benefits or service potential related to the asset will flow to the
entity and can be measured reliably.

b. Revenue from exchange transactions

Rendering of services

Revenue from rendering of services is recognized by reference to the stage


of completion when the outcome of the transaction can be estimated
reliably. The stage of completion is measured by reference to the
percentage of labor hours incurred to date to estimated total labor hours for
each contract.

Where the contract outcome cannot be measured reliably, revenue is


recognized only to the extent of the recoverability of the expenses already
recognized.

Sale of goods

Revenue from the sale of goods is recognized when the significant risks
and rewards of ownership are transferred to the buyer, usually on delivery
of the goods, the entity retains neither continuing management
involvement to the degree usually associated with ownership nor effective
control over the goods sold, the amount of revenue can be measured
reliably, it is probable that future economic benefits or service potential
associated with the transaction will flow to the entity, and cost incurred or
to be incurred in respect of the transaction can be measured reliably.

Interest income

Interest income is accrued using the effective yield method. The effective
yield discounts estimated future cash receipts through the expected life of
the financial asset to that asset’s net carrying amount. The method applies
this yield to the outstanding principal to determine interest income for each
period.

Dividends

Dividends or similar distributions are recognized when the entity’s right to


receive payments is established.

Rental income

Rental income arising from operating leases on investment property is


accounted for on a straight line basis over the lease terms.

39
3.12. Financial assets

a. Initial recognition and measurement

LGUs recognize financial assets in their respective SFPos when they


become party to the contractual provisions of the instrument. A financial
asset is measured initially at its fair value plus, in the case of financial
asset not measured at fair value through surplus or deficit, transaction costs
that are directly attributable to the acquisition or issue of the financial
asset.

Financial assets are classified as: (1) financial assets at fair value through
surplus or deficit, (2) loans and receivables, (3) held-to-maturity
investments, and (4) available-for-sale financial assets, as appropriate.

b. Subsequent measurement

The subsequent measurement of financial assets depends on their


classification.

After initial recognition, LGUs measure financial assets, including


derivatives that are assets, at their fair values, without any deduction for
transaction costs they may incur on sale or other disposal, except for the
following financial assets:

i. Loans and receivables measured at amortized cost using the effective


interest method;
ii. Held-to-maturity investments measured at amortized cost using the
effective interest method; and
iii. Investments in equity instruments that do not have a quoted market
price in an active market and whose fair value cannot be reliably
measured and derivatives that is linked to and must be settled by
delivery of such unquoted equity instruments, which are measured at
cost.

c. Impairment

The LGU assesses at each reporting date whether there is objective


evidence that a financial asset or a group of assets is impaired.
A financial asset or a group of financial assets is deemed impaired if there
is objective evidence of impairment as a result of one or more events that
occurred after the initial recognition of the asset and that loss event has an
impact on the estimated future cash flows of the financial asset or the
group of financial assets that can be reliably estimated. Evidence of
impairment may include the following indicators:

i. The debtors or a group of debtors are experiencing significant financial


difficulty;
ii. Default or delinquency in interest or principal payments;

40
iii. The probability that debtors will enter bankruptcy or other financial
reorganization; and
iv. Observable data indicates a measurable decrease in estimated future
cash flows (e.g., changes in arrears or economic conditions that
correlate with defaults).

If there is objective evidence that an impairment loss of financial assets


has been incurred, the amount of the loss is measured as the difference
between the asset’s carrying amount in the present value of the estimated
future cash flows discounted at the financial asset’s original effective
interest rate. The carrying amount of the asset is reduced through the use
of the allowance account, and the amount of the loss is recognized in the
SFPer.

d. Derecognition

LGUs derecognize a financial asset or, where applicable, a part of a


financial asset or part of a group of similar financial asset when:

i. the contractual rights to the cash flows from the financial asset expired
or are waived; and
ii. the entity has transferred its contractual rights to receive the cash flows
of the financial assets, or retains the contractual rights to receive the
cash flows of the financial assets but assumes a contractual obligation
to pay the cash flows to one or more recipients in an arrangement that
meets the conditions set forth in PPSAS 29-Financial Instruments:
Recognition and Measurement; and either the entity has:

 transferred substantially all the risks and rewards of ownership of


the financial asset; or
 neither transferred nor retained substantially all the risks and
rewards of ownership of the financial asset, but has transferred the
control of the asset.

3.13. Financial liabilities

a. Initial recognition and measurement

LGUs recognize financial liabilities in their respective books of accounts


when they become party to the contractual provisions of the instrument. A
financial liability is measured initially at its fair value plus, in the case of
financial liability not measured at fair value through surplus or deficit,
transaction costs that are directly attributable to the acquisition or issue of
the financial liability.

Financial liabilities are classified as: (1) financial liabilities at fair value
through surplus or deficit or (2) loans and borrowings, as appropriate.
LGUs’ financial liabilities include trade and other payables, bank
overdrafts, loans and borrowings.

41
b. Subsequent measurement

After initial recognition, LGUs measure all financial liabilities at


amortized cost using the effective interest method, except for:

i. Financial liabilities at fair value through surplus or deficit. Such


liabilities, including derivatives that are liabilities, are measured at fair
value except for a derivative liability that is linked to and must be
settled by delivery of an unquoted equity instrument whose fair value
cannot be reliably measured, which shall be measured at cost;
ii. Financial liabilities that arise when transfer of a financial asset does
not qualify for derecognition or when the continuing involvement
approach applies;
iii. Financial guarantee contracts which are measured at the higher of the
amount determined as provision, and the amount initially recognized
net of cumulative amortization recognized; and
iv. Commitments to provide a loan at below-market interest rate which are
measured at the higher of the amount determined as provision, and the
amount initially recognized less, when appropriate, cumulative
amortization recognized.

Amortized cost is calculated by taking into account any discount or


premium on acquisition and fees or costs that are an integral part of the
effective interest rate.

c. Derecognition

LGUs remove a financial liability (or a part of a financial liability) from


their SFPos when the obligation specified in the contract is discharged,
waived or cancelled, or expired.

When an existing financial liability is replaced by another from the same


lender on substantially different terms, or the terms of an existing liability
was substantially modified, such an exchange or modification is treated as
a derecognition of the original liability and the recognition of a new
liability. The difference between the carrying amount of a financial
liability (or part of a financial liability) extinguished or transferred to
another party and the consideration paid, including any non-cash assets
transferred or liability assumed, shall be recognized in surplus or deficit.

Gains or losses

A gain or loss arising from a change in the fair value of a financial asset or
financial liability is recognized as follows:

i. A gain or loss on a financial asset or financial liability classified as at


fair value through surplus or deficit shall be recognized in surplus or
deficit.

42
ii. A gain or loss on an available-for-sale financial asset is recognized
directly in net assets/equity through the SCNA/E, except for
impairment losses and foreign exchange gains and losses, until the
financial asset is derecognized, at which time the cumulative gain or
loss previously recognized in net assets/equity is recognized in surplus
or deficit. However, interest calculated using the effective interest
method is recognized in surplus or deficit. Dividends or similar
distributions on an available-for-sale equity instrument are recognized
in surplus or deficit when the LGUs’ right to receive payment is
established.

Gains and losses on loans and borrowings are recognized in surplus or


deficit when the liabilities are derecognized as well as through the
effective interest method amortization process.

3.14. Cash and cash equivalents

Cash and Cash Equivalents comprise of cash on hand and cash in bank, deposits
on call and highly liquid investments purchased three months or less before their
maturity, which are readily convertible to known amount of cash and are subject
to an insignificant risk of changes in value.

Petty Cash Fund (PCF) is maintained on an imprest system wherein


replenishment is charged to the expense account. The PCF is not used to
purchase regular inventory items for stock and other disbursements which
should be paid through checks.

3.15. Inventories

Inventories are recognized and measured at cost upon initial recognition. For
inventories received through non-exchange transactions (for no cost or for a
nominal cost), the cost is measured at its fair value at the date of the acquisition.

After initial recognition, inventory is measured at the lower of cost and net
realizable value. However, to the extent that a class of inventory is distributed or
deployed at no charge or for a nominal charge, that class of inventory is
measured at the lower of cost and current replacement cost.

Inventory is recorded using perpetual inventory method wherein regular


purchases are coursed through the inventory account. Inventories are recognized
as expense when issued for utilization or consumption in the ordinary course of
operation.

3.16. Investment property

Investment Property is either a land or a building or part of a building or both,


held by the owner or a lessee under a finance lease to earn rentals or for capital
appreciation, or both.

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a. Initial recognition and subsequent measurement

Investment Property is measured initially at cost, including transaction


costs. The carrying amount includes the replacement cost of components
of an existing investment property at the time that cost is incurred if the
recognition criteria are met.

Investment Property acquired through non-exchange transaction is


measured at its fair value at the date of acquisition. Subsequent to initial
recognition, investment property is measured using the cost model and is
depreciated over its estimated useful life. Investment Property is also
tested for impairment and impairment losses are also recognized when
appropriate. Impairment is a loss in the future economic benefits or service
potential of an Investment Property. In the case of Investment Property,
Building, impairment is a loss in the future economic benefits or service
potential over and above the systematic recognition of the loss of the
asset’s future economic benefits or service potential through depreciation.
After recognition of an impairment loss, the depreciation charge of the
Investment Property shall be adjusted in future periods to allocate the
asset’s revised carrying amount over its remaining useful life.

Investment property is derecognized either when this has been disposed of


or when the investment property is permanently withdrawn from use. The
difference between the net disposal proceeds and the carrying amount of
the asset is recognized in surplus or deficit in the period of derecognition.
Transfers to or from investment property are made only when there is a
change in use.

3.17. Property, plant and equipment

Property, Plant and Equipment (PPE) is a tangible asset that is purchased,


constructed, developed or otherwise acquired; held for use in the production or
supply of goods or services or to produce program outputs; for rental to others;
for administrative purposes; expected to be used during more than one reporting
period; and not intended for resale in the ordinary course of operations.

a. Initial recognition and subsequent measurement

PPE is initially measured at cost. If acquired through a non-exchange


transaction, the initial cost is its fair value at the date of acquisition. Cost
includes the purchase price and expenditures directly attributable to the
acquisition of the asset. When significant parts of the PPE are required to
be replaced at intervals, such parts are recognized as individual assets with
specific useful lives and are depreciated accordingly. Likewise, when a
major repair and maintenance is performed, its cost is recognized in the
carrying amount of the PPE as replacement if the recognition criteria are
met. All other repair and maintenance costs are recognized in surplus or
deficit as incurred.

44
Subsequently, PPE is measured at cost less accumulated depreciation and
accumulated impairment losses.

The LGUs availed of the five-year phased transitional provision for the
recognition of their Public Infrastructure from CYs 2015 to 2019.

b. Depreciation

Depreciation, which is the systematic allocation of the depreciable amount


of a PPE over its useful life, is charged on a straight-line basis.
Depreciation is charged at rates calculated to allocate cost of the asset less
estimated residual value of at least five percent (5%), over its estimated
useful life. Depreciation commences when the PPE becomes available for
use.

c. Impairment

PPE is assessed at each reporting date to determine the existence of


impairment, which is recognized when the carrying amount is greater than
the estimated recoverable service amount. Impairment is a loss in the
future economic benefits or service potential over and above the
systematic recognition of the loss of the PPE’s future economic benefits or
service potential through depreciation. After recognition of an impairment
loss, the depreciation charge of the PPE shall be adjusted in future periods
to allocate the asset’s revised carrying amount over its remaining useful
life.

d. Derecognition

LGUs derecognize items of PPE and/or any significant part of a PPE upon
disposal or when no future economic benefits or service potential are
expected from its continued use. Any gain or loss arising from
derecognition of the asset is included in surplus or deficit.

3.18. Leases

a. LGU as a lessor

Leases in which the LGUs do not transfer substantially all the risks and
benefits incidental to ownership of an asset are classified as operating
leases. Initial direct costs incurred in negotiating an operating lease are
added to the carrying amount of the leased asset and recognized over the
lease term. Rent received from an operating lease is recognized as income
on a straight-line basis over the lease term. Contingent rents are recognized
as revenue in the period in which they are earned.

In a finance lease, LGU recognizes lease payments receivable at an


amount equal to the net investment in the lease. Initial direct costs are
included in the initial measurement of the finance lease receivable and
reduce the amount of revenue recognized over the lease term. The

45
recognition of finance revenue is based on a pattern reflecting a constant
periodic rate of return on the lessor’s net investment in the finance lease.

b. LGU as a lessee

Operating lease payments are recognized as operating expense in the


surplus or deficit on a straight-line basis over the lease term. Operating
lease does not transfer substantially all the risks and benefits incidental to
ownership of the leased property to the lessee.

LGU recognizes assets acquired under finance leases as assets, and the
associated lease obligations as liabilities. The assets and liabilities are
recognized at amounts equal to the fair value of the leased property or, if
lower, the present value of the minimum lease payments, each determined
at the inception of the lease.

The discount rate to be used in calculating the present value of the


minimum lease payments is the interest rate implicit in the lease, if this is
practicable to determine; if not, the lessee’s incremental borrowing rate
shall be used.

3.19. Intangible assets

Intangible Assets are identifiable non-monetary assets without physical


substance.

a. Initial recognition and subsequent measurement

Intangible asset is measured initially at cost; if acquired through a non-


exchange transaction the initial cost is its fair value at the date of
acquisition.

Intangibles are recognized as Intangible Assets if the items are identifiable


and separable, the items are controlled by the LGUs, it is probable that the
future economic benefits or service potential that are associated with the
items will flow to the LGUs, and the cost or fair value can be measured
reliably.

After initial recognition, intangible assets are carried at cost less any
accumulated amortization and accumulated impairment losses. No
intangible asset arising from research (or from the research phase of an
internal project) shall be recognized. Expenditure on research (or on the
research phase of an internal project) shall be recognized as an expense
when it is incurred.

An intangible asset arising from development (or from the development


phase of an internal project) shall be recognized if, and only if, an entity
can demonstrate all of the following:

46
i. The technical feasibility of completing the intangible asset so that it
will be available for use or sale;
ii. Its intention to complete the intangible asset and use or sell it;
iii. Its ability to use or sell the intangible asset;
iv. How the intangible asset will generate probable future economic
benefits or service potential. Among other things, the entity can
demonstrate the existence of a market for the output of the intangible
asset or the intangible asset itself or, if it is to be used internally, the
usefulness of the intangible asset;
v. The availability of adequate technical, financial and other resources to
complete the development and to use or sell the intangible asset; and
vi. Its ability to measure reliably the expenditure attributable to the
intangible asset during its development.

b. Amortization

The useful lives of intangible assets are assessed as either finite or


indefinite. Those with finite lives are amortized over the useful life. Those
with indefinite lives are not amortized but LGUs are required to test their
intangible assets for impairment at least annually or whenever there is an
indication that the intangible asset may be impaired. The amortization
expense of an intangible asset with a finite useful life is recognized in
surplus or deficit.

Amortization shall begin when the intangible asset is available for use, i.e.,
when it is in the location and condition necessary for it to be capable of
operating in the manner intended by management. Amortization shall
cease at the earlier of the date that the asset is classified as held for sale (or
included in a disposal group that is classified as held for sale) and the date
the asset is derecognized.

c. Impairment

Intangible assets are assessed at reporting date to determine the existence


of impairment, which is recognized when the carrying amount is greater
than the estimated recoverable amount or recoverable service amount.

Intangible assets with finite lives are assessed for impairment at each
reporting date whenever there is an indication that the asset is impaired.

LGUs are required to review the useful lives of their intangible assets with
indefinite lives each year to determine whether events and circumstances
continue to support an indefinite useful lives assessment for that asset. If
they do not, change in the useful life assessment from indefinite to finite
shall be accounted for as a change in an accounting estimate.

d. Derecognition

Gains or losses arising from derecognition of an intangible asset are


measured as the difference between the net disposal proceeds and the

47
carrying amount of the asset and are recognized in surplus or deficit when
the asset is derecognized.

3.20. Provisions

Provisions are liabilities of uncertain timing and amount. Provisions are


recognized when LGUs have present obligations (legal or constructive) at the
reporting date as a result of a past event, it is probable that an outflow of
resources embodying economic benefits or service potential will be required to
settle the obligation, and a reliable estimate can be made of the amount of
obligation. The provision to be recognized should be the best estimate of the
expenditure to settle the obligation. Best estimate is an amount that an LGU
would rationally pay to settle the obligation at the reporting date or to transfer it
to a third party. Best estimate is usually based on costs incurred by the LGU and
not on the transfer price to a third party which could include a margin. Further,
the risks and uncertainties that inevitably surround many events and
circumstances shall be taken into account in reaching the best estimates of a
provision. The expense relating to any provision is presented in the SFPer.

3.21. Contingent assets and contingent liabilities

Contingent asset is not recognized in the books but details of possible asset
whose existence is contingent on the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the LGU are
disclosed in the Notes to FSs. Contingent assets are assessed continually to
ensure that developments are appropriately reflected in the FSs. If it has become
virtually certain that an inflow of economic benefits or service potential will
arise and the asset's value can be measured reliably, the asset and the related
revenue are recognized in the FSs of the period in which the change occurs.

Contingent liability is:

a. possible obligation that arises from past events, and whose existence will
be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the LGU; or

b. present obligation that arises from past events, but is not recognized or
recorded in the books because:

i. it is not probable that an outflow of resources embodying economic


benefits or service potential will be required to settle the obligation; or
ii. the amount of the obligation cannot be measured or valued with
sufficient reliability.

LGUs do not recognize contingent liabilities in the books of accounts but they
are required to disclose contingent liabilities in the Notes to FSs unless the
possibility of an outflow of resources embodying economic benefits or service
potential is remote, in which case, contingent liabilities should not be disclosed.

48
Contingent liabilities may develop in a way not initially expected. Hence, they
are assessed continually to determine whether an outflow of resources
embodying economic benefits or service potential has become probable. If it
becomes probable that an outflow of future economic benefits or service
potential will be required for an item previously treated as a contingent liability,
a provision is recognized in the period in which the change in probability
occurs, except in the extremely rare circumstances where no reliable estimate
can be made.

3.22. Nature and purpose of reserves

LGUs create and maintain reserves in terms of specific requirements.

Sinking Fund

LGUs maintain sinking fund as required in the agreements for issue/acquisition


of long term indebtedness. The funds maintained are used to pay the interest and
the amortization of the principal. Cash back up are placed in investments until
realized.

3.23. Budget information

The annual budget is prepared on the modified cash basis, that is all planned
costs and income are presented in a single statement to determine the needs of
the LGUs. As a result of the adoption of the modified cash basis for budgeting
purposes, there are bases, timing or entity differences that would require
reconciliation between the actual comparable amounts and the amounts
presented as disclosures in the SCBAA.

LGUs prepare separate FS or the SCBAA since the budget and the FSs are not
prepared on a comparable basis. The SCBAA presents the original and final
budget and the actual amounts on a comparable basis to the budget. The actual
amounts presented on a comparable basis to the budget are reconciled with the
actual amounts presented in the FSs identifying the bases, timing or entity
differences.

Notes to FSs of individual LGUs provide an explanation on reasons of growth or


decline in the budget and the details of overspending or underspending on
financial statement line items.

3.24. Impairment of non-financial assets

a. Impairment of cash-generating assets

At each reporting date, LGUs assess whether there is an indication that an


asset may be impaired. If any indication exists, or when annual impairment
testing for an asset is required, the LGUs estimate the asset's recoverable
amount. An asset's recoverable amount is the higher of an asset's or cash-
generating unit's fair value less costs to sell and its value in use and is

49
determined for an individual asset, unless the asset does not generate cash
inflows that are largely independent of those from other assets or groups of
assets.

Where the carrying amount of an asset or the cash-generating unit exceeds


its recoverable amount, the asset is considered impaired and is written
down to its recoverable amount. In assessing value in use, the estimated
future cash flows are discounted to their present value using a discount rate
that reflects current market assessments of the time value of money and the
risks specific to the asset. In determining fair value less costs to sell, recent
market transactions are taken into account, if available. If no such
transactions can be identified, an appropriate valuation model is used.

LGUs assess at each reporting date whether there is any indication that an
impairment loss recognized in prior periods for an asset may no longer
exist or may have decreased. If such indication exists, LGUs estimate the
recoverable amount of the assets taking into account external and internal
sources of information. Then, a previously recognized impairment loss is
reversed. The reversal is limited so that the carrying amount of the asset
does not exceed its recoverable amount, nor exceed the carrying amount
that would have been determined, net of depreciation, had no impairment
loss been recognized for the asset in prior years. Such reversal is
recognized in surplus or deficit.

b. Impairment of non-cash generating assets

LGUs assess at each reporting date whether there is an indication that a


non-cash-generating asset may be impaired. If any indication exists, or
when annual impairment testing for an asset is required, LGUs estimate
the asset's recoverable service amount. An asset's recoverable service
amount is the higher of the non-cash generating asset's fair value less costs
to sell and its value in use.

Where the carrying amount of an asset exceeds its recoverable service


amount, the asset is considered impaired and is written down to its
recoverable service amount.

In assessing value in use, LGUs adopt the depreciated replacement cost


approach. Under this approach, the present value of the remaining service
potential of an asset is determined as the depreciated replacement cost of
the asset. The depreciated replacement cost is measured as the
reproduction or replacement cost of the asset, whichever is lower, less
accumulated depreciation calculated on the basis of such cost, to reflect the
already consumed or expired service potential of the asset.

In determining fair value less costs to sell, the price of an asset in a binding
agreement in an arm's length transaction, adjusted for incremental costs
that would be directly attributed to the disposal of the asset is used. If there
is no binding agreement, but the asset is traded on an active market, fair

50
value less cost to sell is the asset's market price less cost of disposal. If
there is no binding sale agreement or active market for an asset, the LGU
determines fair value less cost to sell based on the best available
information.

For each asset, an assessment is made at each reporting date as to whether


there is any indication that previously recognized impairment losses may
no longer exist or may have decreased. If such indication exists, LGUs
estimate the asset's recoverable service amount. A previously recognized
impairment loss is reversed only if there has been a change in the
assumptions used to determine the asset's recoverable service amount since
the last impairment loss was recognized. The reversal is limited so that the
carrying amount of the asset does not exceed its recoverable service
amount, nor exceed the carrying amount that would have been determined,
net of depreciation, had no impairment loss been recognized for the asset
in prior years. Such reversal is recognized in surplus or deficit.

3.25. Significant judgements and sources of estimation uncertainty

The preparation of FSs in conformity with PPSAS requires the LGUs to exercise
judgment, to make estimates and use assumptions that affect the reported
amounts of assets, liabilities, revenue or expenses, and disclosures. LGUs
review their estimates on an ongoing basis using currently available information.
Changes in facts and circumstances may result in revised estimates. Actual
results could differ from the estimates. However, uncertainty about these
assumptions and estimates could result in outcomes that require a material
adjustment to the carrying amount of the asset or liability affected in future
periods.

The main estimates and judgments considered in the preparation of FSs concern
the following:

a. Judgments

In the process of applying the LGUs accounting policies, management has


made judgments, which have the most significant effect on the amounts
recognized in the combined financial statements.

b. Estimates and assumptions

The key assumptions concerning the future and other key sources of
estimation uncertainty at the reporting date that have significant risks of
causing material adjustments to the carrying amounts of assets and
liabilities within the next financial year, are described below. LGUs base
their assumptions and estimates on parameters available when they prepare
their FSs. However, existing circumstances and assumptions about future
developments may change due to market changes or circumstances arising
beyond the control of the LGUs. Such changes are reflected in the
assumptions when they occur.

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c. Useful lives and residual values

The useful lives and residual values of assets are assessed using the
following indicators to inform potential future use and value from
disposal:

i. The condition of the assets based on the assessment of experts


employed by the LGUs;
ii. The nature of the asset, its susceptibility and adaptability to changes in
technology and processes;
iii. The nature of the processes in which the asset is deployed; and
iv. Changes in the market in relation to the asset.

The estimation of the useful life of the asset is a matter of judgment based
on the experience of the LGU.

d. Fair value estimation – financial instruments

Where the fair value of financial assets and financial liabilities presented
in the SFPos cannot be derived from active markets, their fair value is
determined using valuation techniques including the discounted cash flow
model. The inputs to these models are taken from observable markets
where possible.

e. Financial instruments – financial risk management

Investment in bonds is based on price quotations at the reporting date.


LGUs limit their exposure to credit risks by investing cash and cash
equivalents with only reputable financial institutions that have sound credit
rating and within specific guidelines set for the purpose. The primary
purpose of managing the LGUs’ capital is to ensure that sufficient cash is
available to support their funding requirements, including capital
expenditures, to ensure that the LGUs remain financially sound.

4. CASH AND CASH EQUIVALENTS

Total Cash and Cash Equivalents of P477.62 billion represents 68.91 percent of the
total current assets of P693.08 billion and 27.36 percent of the total assets of P1.746
trillion. The breakdown of Cash and Cash Equivalents is as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Cash on Hand 6,913,492 6,007,353 906,138
Cash-Local Treasury 6,570,918 5,658,430 912,488
Petty Cash 342,574 348,923 (6,349)
Cash in Bank-Local Currency 394,611,854 282,799,900 111,811,954
Cash in Bank-Local Currency, Current Account 352,627,354 259,569,114 93,058,240
Cash in Bank-Local Currency, Savings Account 41,984,500 23,230,786 18,753,714

52
Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Cash in Bank-Foreign Currency 2,608,877 1,102,129 1,506,749
Cash in Bank-Foreign Currency, Current Account 2,573,888 958,714 1,615,174
Cash in Bank-Foreign Currency, Savings Account 34,990 143,414 (108,425)
Investments in Time Deposits (90 days) 73,480,842 76,463,290 (2,982,449)
Cash in Bank-Local Currency, Time Deposits 72,327,502 76,024,053 (3,696,551)
Cash in Bank-Foreign Currency, Time Deposits 1,153,340 439,237 714,103
Total 477,615,065 366,372,672 111,242,393

Cash-Local Treasury represents undeposited collections, which includes collections


during the last working day of the year.

Petty Cash represents the advances of petty cash custodian intended, among others, for
small maintenance/miscellaneous expenses which cannot be conveniently paid by
checks. Liquidation of these petty cash was still in process at year-end.

Cash maintained in banks are deposits to authorized government depository banks


(AGDBs), which include, among others, Land Bank of the Philippines (LBP),
Development Bank of the Philippines (DBP) and Philippine Veterans Bank (PVB), and
earn interest based on the prevailing bank deposit rates.

Investments in Time Deposits (90 days) consist of fixed-term deposits placed in varying
periods, after considering the provisions for regular and recurring cash requirements of
LGUs. These investments earn interest at the respective short-term deposit rates.

Cash in Bank-Local Currency, Current Account amounting to P352.63 billion and Cash
in Bank-Local Currency, Time Deposits amounting to P72.33 billion represent 73.83
percent and 15.14 percent, respectively, of the total Cash and Cash Equivalents.

The following shows the regional breakdown of the reported Cash in Bank balances:

Amount
(in thousand pesos)
Region Cash in Bank-Local Cash in Bank-Local Cash in Bank-Local
Currency, Current Currency, Savings Currency, Time
Account Account Deposits
National Capital Region
(NCR) 37,531,980 10,754,451 34,212,316
Cordillera Administrative
Region (CAR) 11,196,415 707,557 215,410
Region I 18,155,885 801,965 3,834,019
Region II 16,291,698 2,428,253 189,198
Region III 28,345,445 1,497,796 4,651,093
Region IV-A 50,198,700 1,856,550 10,098,056
Region IV-B 13,232,216 1,284,007 3,174,539
Region V 18,802,907 1,415,072 1,677,398
Region VI 20,311,488 953,187 3,311,073
Region VII 23,749,253 3,968,710 4,785,611
Region VIII 23,418,208 589,498 301,609
Region IX 15,463,093 104,274 2,197,824

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Amount
(in thousand pesos)
Region Cash in Bank-Local Cash in Bank-Local Cash in Bank-Local
Currency, Current Currency, Savings Currency, Time
Account Account Deposits
Region X 19,582,510 3,616,679 801,683
Region XI 12,819,019 4,890,930 243,277
Region XII 7,387,979 1,911,678 10,319
Region XIII 15,969,613 716,480 1,054,626
Region XVI 18,475,785 4,433,663 1,569,450
Autonomous Region in
Muslim Mindanao (ARMM) 1,695,159 53,751 -
Total 352,627,354 41,984,500 72,327,502

Region IV-A, NCR and Region III reported the highest Cash in Bank-Local Currency,
Current Account balances amounting to P50.20 billion, P37.53 billion and P28.35
billion, respectively.

NCR, Region XI and Region XVI reported the highest Cash in Bank-Local Currency,
Savings Account balances amounting to P10.75 billion, P4.89 billion and P4.43 billion,
respectively.

NCR, Region IV-A and Region VII topped in Cash in Bank-Local Currency, Time
Deposits amounting to P34.21 billion, P10.10 billion and P4.79 billion, respectively.

Total Cash and Cash Equivalents of P477.62 billion in SFPos differed by P5.24 million
from the Cash Balance at the end of the period of P477.61 billion in the SCF due to the
discrepancy in the cash balances in the SFPos and SCFs submitted by the municipalities
of Mayoyao, Ifugao Province, and Pasil, and Tinglayan, both in the Province of Kalinga
in CAR.

5. INVESTMENTS (Current)

Current investments of P38.61 billion represents 89.73 percent of total investments of


P43.03 billion. The breakdown of current investments is as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Current
Investments in Time Deposits (91 days to 1 year) 37,032,955 26,974,828 10,058,127
Cash in Bank-Local Currency, Time Deposits 36,778,486 26,974,192 9,804,295
Cash in Bank-Foreign Currency, Time Deposits 253,471 125 253,346
Treasury Bills 997 511 486
Financial Assets at Fair Value through Surplus or
Deficit 3,182 3,189 (7)
Financial Assets Held for Trading 2,932 2,939 (7)
Financial Assets Designated at Fair Value through
Surplus (Deficit) 250 250 -
Financial Assets-Held to Maturity 1,355 20,624 (19,269)
Investments in Treasury Bills-Local 27 20,403 (20,377)
Investments in Bonds-Local 1,328 221 1,107

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Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Financial Assets-Available for Sale 381,887 411,366 (29,478)
Investments in Stocks 381,644 398,526 (16,881)
Investments in Bonds 243 12,840 (12,597)
Financial Assets-Others 1,150,222 1,100,398 49,824
Deposits on Letters of Credit 731,983 516,589 215,394
Guaranty Deposits 258,664 262,026 (3,362)
Other Investments 159,574 321,782 (162,208)
Investments in Joint Venture 9,584 9,824 (240)
Sinking Fund 34,024 13,116 20,908
Total 38,613,209 28,533,345 10,079,864

The current portion of Cash in Bank-Local Currency, Time Deposits amounting P36.78
billion or 94.39 percent is the biggest portion of the total current investments of P38.61
billion. Major investors are LGUs from NCR, Region VII and CAR amounting to
P16.69 billion or 43.21 percent, P10.31 billion or 26.70 percent, and P3.98 billion or
10.30 percent, respectively, as shown below.

Amount
Region Percent
(in thousand pesos)
NCR 16,686,634 43.21
CAR 3,976,145 10.30
Region I 480,246 1.24
Region II 106,990 0.28
Region III 1,331,532 3.45
Region IV-A 1,863,363 4.83
Region IV-B 63,839 0.17
Region V 241,854 0.63
Region VI 58,244 0.15
Region VII 10,308,111 26.70
Region VIII 1,110,597 2.88
Region IX 144,944 0.38
Region X 814,403 2.11
Region XI 397,399 1.03
Region XII 138,756 0.36
Region XIII 116,829 0.30
Region XVI 773,324 2.00
ARMM - -
Total 38,613,209 100.00

6. RECEIVABLES (Current)

The current portion of Receivables amounting to P142.86 billion, which is net of


allowance for impairment of P96.71 million, makes up 85.41 percent of the total
Receivables of P167.27 billion and 20.61 percent of the total current assets of P693.08
billion. The breakdown of Receivables is shown below.

55
Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Current, net of allowance for impairment
Loans and Receivables 76,167,412 71,070,039 5,097,373
Lease Receivables 647,708 522,753 124,955
Inter-Agency Receivables 11,902,236 11,863,642 38,594
Intra-Agency Receivables 28,717,403 30,190,564 (1,473,161)
Advances 10,499,138 9,982,945 516,193
Other Receivables 14,926,538 15,229,928 (303,390)
Total 142,860,435 138,859,870 4,000,565

The detailed classifications of the current portion of Receivables, net of Allowance for
Impairment, consist of the following:

Net Amount
Account
(in thousand pesos)
Loans and Receivables (Net of Allowance for Impairment) 76,167,412
Accounts Receivable 2,559,884
Real Property Tax Receivable 39,771,016
Special Education Tax Receivable 30,376,504
Notes Receivable 105,400
Loans Receivable-Government-Owned and Controlled
Corporations 33,323
Loans Receivable-Local Government Units 153,686
Interests Receivable 129,750
Dividends 88
Loans Receivables-Others 3,037,760
Lease Receivables 647,708
Operating Lease Receivable 307,165
Finance Lease Receivable 340,543
Inter-Agency Receivables 11,902,236
Due from National Government Agencies 1,980,498
Due from Government-Owned and Controlled
Corporations 1,133,177
Due from Local Government Units 8,781,028
Due from Joint Venture 7,533
Intra-Agency Receivables 28,717,403
Due from Other Funds 21,684,364
Due from Special Accounts 4,941,331
Due from Local Economic Enterprise 2,091,709
Advances 10,499,138
Advances for Operating Expenses 968,956
Advances for Payroll 1,180,550
Advances to Special Disbursing Officer 5,177,071
Advances to Officers and Employees 3,172,562
Other Receivables 14,926,538
Receivables-Disallowances/Charges 2,354,613
Due from Officers and Employees 1,931,834
Due from Non-Government Organizations/People’s Organizations 1,376,608
Other Receivables 9,263,482
Total 142,860,435

56
7. INVENTORIES

Inventory Held for Consumption aggregating P15.53 billion and Inventory Held for
Distribution totaling P5.57 billion account for 70.13 percent and 25.17 percent,
respectively, of the total Inventories of P22.13 billion. This group of accounts consists
of the following:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Inventory Held for Sale 1,015,449 838,429 177,020
Merchandise Inventory 1,015,449 838,429 177,020
Inventory Held for Distribution 5,574,450 4,049,716 1,524,734
Food Supplies for Distribution 342,380 250,686 91,694
Welfare Goods for Distribution 282,739 341,280 (58,542)
Drugs and Medicines for Distribution 805,368 827,389 (22,021)
Medical, Dental and Laboratory Supplies for
Distribution 356,957 330,236 26,721
Agricultural and Marine Supplies for Distribution 432,622 326,257 106,364
Agricultural Produce for Distribution 187,463 189,811 (2,348)
Textbooks and Instructional Materials for
Distribution 482,411 303,240 179,170
Construction Materials for Distribution 411,255 254,448 156,807
Property and Equipment for Distribution 282,189 279,461 607,728
Other Supplies and Materials for Distribution 1,386,068 946,908 439,160
Inventory Held for Manufacturing 11,562 11,728 (166)
Raw Materials Inventory 6,872 6,270 602
Work-in-Process Inventory 1,739 2,157 (418)
Finished Goods Inventory 2,950 3,301 (351)
Inventory Held for Consumption 15,525,301 13,489,679 2,035,622
Office Supplies Inventory 1,600,856 1,484,420 116,436
Accountable Forms, Plates and Stickers Inventory 430,246 428,399 1,848
Non-Accountable Forms Inventory 32,655 15,559 17,096
Animal/Zoological Supplies Inventory 125,337 127,511 (2,175)
Food Supplies Inventory 251,111 540,665 (289,554)
Drugs and Medicines Inventory 2,843,538 2,052,679 790,859
Medical, Dental and Laboratory Supplies Inventory 2,905,443 2,330,493 574,950
Fuel, Oil and Lubricants Inventory 1,030,210 905,053 125,156
Agricultural and Marine Supplies Inventory 361,644 324,539 37,106
Textbooks and Instructional Materials Inventory 400,484 347,525 52,959
Military, Police and Traffic Supplies Inventory 15,414 16,871 (1,457)
Chemical and Filtering Supplies Inventory 29,969 18,104 11,865
Construction Materials Inventory 1,356,392 1,907,437 (551,044)
Other Supplies and Materials Inventory 4,142,003 2,990,424 1,151,579
Total 22,126,762 18,389,552 3,737,210

57
8. PREPAYMENTS AND DEFERRED CHARGES

This group of accounts is broken down as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Prepayments 9,776,561 7,257,553 2,519,006
Advances to Contractors 8,310,553 5,984,540 2,326,013
Prepaid Rent 80,541 14,314 66,228
Prepaid Registration 2,487 1,619 868
Prepaid Interest 13,854 13,625 229
Prepaid Insurance 304,603 236,490 68,112
Other Prepayments 1,064,523 1,006,967 57,556
Deferred Charges
Discount on Advance Payments 2,090,713 1,602,684 488,029
Total 11,867,274 8,860,240 3,007,035

9. INVESTMENTS (Non-Current)

Non-Current portion of Investments totaling P4.42 billion represents 10.27 percent of


total investments of P43.03 billion. Breakdown is as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Non-Current
Investments in Time Deposits ( more than 1 year) 275,884 289,270 (13,386)
Cash in Bank-Local Currency, Time Deposits 275,592 288,982 (13,390)
Treasury Bills 292 288 4
Financial Assets at Fair Value through Surplus
(Deficit) - 1,732 (1,732)
Financial Assets Held for Trading - 1,732 (1,732)
Financial Assets-Held to Maturity 21,295 22,828 (1,533)
Investments in Treasury Bills-Local 21,267 21,267 -
Investments in Bonds-Local 28 1,561 (1,533)
Financial Assets-Available for Sale 1,610,273 1,467,511 142,761
Investments in Stocks 643,326 529,627 113,699
Investments in Bonds 966,947 937,884 29,062
Financial Assets-Others 1,557,661 1,419,683 137,978
Deposits on Letters of Credit 131,986 123,700 8,286
Guaranty Deposits 352,974 285,076 67,898
Other Investments 1,072,701 1,010,907 61,794
Investments in Joint Venture 925,008 867,824 57,185
Sinking Fund 28,999 46,199 (17,200)
Total 4,419,121 4,115,047 304,074

58
Regional breakdown of selected accounts under long-term/non-current investments are
as follows:

Financial Assets Available


Financial Financial Investments
for Sale
Region Assets- Assets-Held in Joint
Investments Investments
Others to Maturity Venture
in Stocks in Bonds
NCR 257,048 963,767 1,153,574 - 826,551
CAR - - - 20,000 -
Region I - - 10,079 - -
Region II 18,181 - 30,960 1,267 10,000
Region III - - 44,313 4 59,022
Region IV-A 8,881 1,373 101,718 - 1,133
Region IV-B - - 10,863 - -
Region V - - 29,582 - -
Region VI - 276 7,412 - 4,803
Region VII 234,762 - 85,442 5 20,000
Region VIII - - 1,786 - -
Region IX 1,041 - 613 - 3,500
Region X 123,413 - 8,462 - -
Region XI - - 4,099 - -
Region XII - - - - -
Region XIII - - 44,398 19 -
Region XVI - 1,531 23,561 - -
ARMM - - 801 - -
Total 643,326 966,947 1,557,661 21,295 925,008

Majority of non-current investments in stocks represents share ownership in various


corporations, which include, among others, Housing Urban Renewal Authority (HURA)
of Quezon City Government, Quezon City – P250 million, Cebu Manila Water
Development Corporation – P110.40 million and Cebu Property Ventures and
Development Corporation – P77.86 million, both in the province of Cebu.

9.1. Investments in Joint Venture

Investments in Joint Venture of P925.01 million include, among others, the


following:

a. Joint Venture of Pasay City with SM Development Corporation


reclamation and other development projects – P820.32 million (represents
fair market value of the land invested by the LGU)
b. Provincial Government of Bataan project in the 1Bataan Integrated
Transport System, Inc. – P55.00 million under Public-Private Partnership
Program
c. Joint Venture of Naga City, Cebu with Abejo Waters Corp – P20.00
million (represents the value of LGUs equity in the new company Naga
City Water System, Inc.)
d. Cagayan Province’s investment in the RORO Project of the Northeastern
Luzon Pacific Coastal Services Inc. composed of different Coastal
Provinces in Region II – P10 million

59
10. RECEIVABLES (Non-current)

The non-current portion of Receivables amounting to P24.41 billion, which is net of


allowance for impairment of P1.87 million, makes up 14.59 percent of the total
Receivables of P167.27 billion and 2.32 percent of the total non-current assets of
P1.053 trillion. This group of accounts is broken down as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Non-Current, net of allowance for impairment
Loans and Receivable 17,711,126 16,341,739 1,369,387
Lease Receivables 23,569 31,259 (7,689)
Inter-Agency Receivables 1,806,277 2,053,785 (247,508)
Intra-Agency Receivables 1,871,333 1,603,949 267,384
Advances 877,044 1,083,157 (206,113)
Other Receivables 2,123,272 2,032,186 91,086
Total 24,412,621 23,146,074 1,266,547

The detailed classification of the non-current portion of Receivables, net of Allowance


for Impairment, consists of the following:

Net Amount
Account
(in thousand pesos)
Loans and Receivables (Net of Allowance for Impairment) 17,711,126
Accounts Receivable 1,577,477
Real Property Tax Receivable 11,077,924
Special Education Tax Receivable 4,388,183
Notes Receivable 62,800
Loans Receivable-Government-Owned and/or Controlled Corporations 7,480
Loans Receivable-Local Government Units 28,603
Interests Receivable 648
Loans Receivables-Others 568,010
Lease Receivables 23,569
Finance Lease Receivable 23,569
Inter-Agency Receivables 1,806,277
Due from National Government Agencies 557,633
Due from Government-Owned and Controlled
Corporations 70,353
Due from Local Government Units 1,178,290
Due from Joint Ventures -
Intra-Agency Receivables 1,871,333
Due from Other Funds 1,515,016
Due from Special Accounts 1,085
Due from Local Economic Enterprise 355,232
Advances 877,044
Advances for Operating Expenses 23,374
Advances for Payroll 7,237
Advances to Special Disbursing Officer 702,859
Advances to Officers and Employees 143,574
Other Receivables 2,123,272
Receivables-Disallowances/Charges 683,290

60
Net Amount
Account
(in thousand pesos)
Due from Officers and Employees 211,383
Due from Non-Government
Organizations/People’s Organizations 282,037
Other Receivables 946,562
Total 24,412,621

11. INVESTMENT PROPERTY

This account consists of the following:


Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Land and Buildings
Investment Property, Land 3,458,857 3,282,919 175,938
Less: Accumulated Impairment Losses-
Investment Property, Land 175,322 158,105 17,218
Net Value 3,283,534 3,124,814 158,720
Investment Property, Buildings 11,316,452 9,609,955 1,706,497
Less: Accumulated Depreciation-Investment
Property, Buildings 1,806,633 1,588,434 218,199
Accumulated Impairment Losses-Investment
Property, Buildings 35.959 - 35,959
Net Value 9,473,860 8,021,521 1,452,339
Construction in Progress-Investment Property,
Buildings 194,827 189,475 5,352
Total 12,952,222 11,335,810 1,616,412

The total Investment Property, Buildings of P9.47 billion comprises 73.13 percent of
the total Investment Property of P12.95 billion. Regions I, IX and IV-A are the top
regions which reported large amounts. In the case of Investment Property, Land, NCR,
CAR and Region VII are the top three regions. Regions VI, I and VIII registered the
highest amounts of Construction in Progress-Investment Property, Buildings. Details of
this group of accounts, net of accumulated depreciation and/or impairment, are shown
below:
Net Amount
(in thousand pesos)
Construction in
Region Investment Property, Investment Progress -
Land Property, Buildings Investment
Property, Buildings
NCR 999,497 789,482 -
CAR 369,124 106,086 -
Region I 35,999 3,226,242 51,786
Region II 101,342 738,277 4,784
Region III 117,476 503,361 8,988
Region IV-A 345,490 849,000 15,269
Region IV-B 91,268 481,537 7,445
Region V 301,544 361,160 -
Region VI 47,347 61,883 56,528

61
Net Amount
(in thousand pesos)
Construction in
Region Investment Property, Investment Progress -
Land Property, Buildings Investment
Property, Buildings
Region VII 351,623 343,941 9,808
Region VIII 28,811 362,769 20,746
Region IX 32,923 884,929 8,670
Region X 134,257 118,562 10,466
Region XI 46,092 16,822 -
Region XII 3,147 - -
Region XIII 68,894 468,596 338
Region XVI 85,199 93,072 -
ARMM 123,501 68,142 -
Total 3,283,534 9,473,860 194,827

12. PROPERTY, PLANT AND EQUIPMENT

PPE consists of the following major account groups:

Amount
(in thousand pesos)
Account
Increase
2017 2016
(Decrease)
Land 122,706,007 99,268,747 23,437,260
Land Improvements 23,158,511 23,122,699 35,812
Infrastructure Assets 318,504,490 103,924,808 214,579,682
Buildings and Other Structures 273,741,402 254,398,464 19,342,938
Machinery and Equipment 95,550,557 85,804,108 9,746,449
Transportation Equipment 22,939,787 20,579,470 2,360,317
Furniture, Fixtures and Books 9,867,541 9,436,493 431,048
Leased Assets 260,114 222,146 37,968
Leased Assets Improvements 21,943 34,167 (12,224)
Construction in Progress 132,501,192 120,780,347 11,720,845
Service Concession Assets 151,614 157,954 (6,340)
Other Property, Plant and Equipment 9,920,864 9,467,232 453,632
Total 1,009,324,021 727,196,635 282,127,386

The total PPE for CY 2017 reached P1.010 trillion, net of accumulated depreciation
amounting to P228.48 billion and impairment losses of P73.37 million. Infrastructure
Assets got the biggest share of P318.50 billion or 31.56 percent of the total PPE,
followed by Buildings and Other Structures amounting to P273.74 billion or 27.12
percent.

62
Amount
(in thousand pesos)
Percent
Account Accumulated
Gross Accumulated Net to Total
Impairment
Amount Depreciation Value
Loss
Land 122,707,134 (1,127) - 122,706,007 12.16
Land Improvements 35,427,991 (12,260,696) (8,785) 23,158,511 2.29
Infrastructure Assets 335,406,152 (16,891,286) (10,375) 318,504,490 31.56
Buildings and Other
Structures 357,900,301 (84,136,438) (22,461) 273,741,402 27.12
Machinery and
Equipment 172,476,542 (76,905,147) (20,838) 95,550,557 9.47
Transportation
Equipment 45,378,998 (22,432,641) (6,571) 22,939,787 2.27
Furniture, Fixtures and
Books 18,456,815 (8,587,711) (1,563) 9,867,541 0.98
Leased Assets 283,077 (21,544) (1,419) 260,114 0.03
Leased Assets
Improvements 31,376 (9,433) - 21,943 0.002
Construction in
Progress 132,501,192 - - 132,501,192 13.13
Service Concession
Assets 166,082 (14,468) - 151,614 0.02
Other Property, Plant
and Equipment 17,137,709 (7,215,489) (1,356) 9,920,864 0.98
Total 1,237,873,369 (228,475,980) (73,368) 1,009,324,021 100.00

12.1. Buildings and Other Structures

Breakdown is as follows:

Amount
(in thousand pesos)
Percent
Account Accumulated
Gross Accumulated Net to Total
Impairment
Amount Depreciation Value
Losses
Buildings 104,121,126 (23,865,793) (3,602) 80,251,730 29.32
School Buildings 97,848,308 (23,928,513) (246) 73,919,550 27.00
Hospitals and
Health Centers 34,565,393 (7,565,396) (1,471) 26,998,526 9.86
Markets 37,310,659 (9,807,735) (12,051) 27,490,873 10.04
Slaughterhouses 2,815,980 (648,100) (737) 2,167,143 0.79
Hostels and
Dormitories 612,238 (226,433) - 385,805 0.14
Other Structures 80,626,597 (18,094,468) (4,354) 62,527,775 22.84
Total 357,900,301 (84,136,438) (22,461) 273,741,402 100.00

63
12.2. Infrastructure Assets

This group of assets includes road networks, sewer systems, water and power
supply systems, communication networks, seaport and airport systems, and
parks, plazas and monuments constructed by LGUs for public use.

The regional breakdown of the reported assets by Provinces, Cities, and


Municipalities is shown below:

Region Total Provinces Cities Municipalities


NCR 140,739,240 - 140,728,345 10,895
CAR 6,620,897 3,634,391 540,376 2,446,129
Region I 18,566,514 5,426,344 1,843,772 11,296,398
Region II 8,073,980 3,632,757 1,463,125 2,978,098
Region III 21,086,298 11,147,010 4,488,682 5,450,606
Region IV-A 15,171,769 4,767,425 5,180,467 5,223,877
Region IV-B 7,311,293 3,388,665 1,330,397 2,592,230
Region V 14,618,244 6,956,307 2,000,368 5,661,569
Region VI 6,341,542 3,441,007 775,703 2,124,832
Region VII 8,490,905 2,570,175 2,584,207 3,336,523
Region VIII 12,592,639 4,989,055 2,583,780 5,019,804
Region IX 5,251,343 1,922,944 722,322 2,606,077
Region X 9,006,862 4,241,482 1,655,590 3,109,790
Region XI 24,039,884 19,426,258 2,944,274 1,669,351
Region XII 3,210,759 1,230,781 957,315 1,022,663
Region XIII 5,944,581 3,102,162 933,288 1,909,132
Region XVI 8,195,209 1,375,932 5,368,792 1,450,486
ARMM 3,242,531 936,243 20,112 2,170,989
Total 318,504,490 82,188,938 176,236,104 60,079,448

13. BIOLOGICAL ASSETS

Biological Assets are composed of the following:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Bearer Biological Assets
Breeding Stocks 585,561 525,458 60,103
Plants and Trees 246,263 223,861 22,402
Aquaculture 6,540 4,552 1,987
Other Bearer Biological Assets 22,601 27,871 (5,270)
Total 860,965 781,742 79,222

64
14. INTANGIBLE ASSETS

The details of Intangible Assets are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Patents/Copyrights 1,357 - 1,357
Computer Software 1,525,067 1,179,254 345,814
Less: Accum. Amortization-Computer Software 699,708 554,321 145,387
Computer Software, Net Value 825,359 624,933 200,426
Other Intangible Assets 23,613 13,486 10,127
Less: Accum. Amortization-Other Intangible Assets 1,426 1,257 169
Other Intangible Assets, Net Value 22,187 12,229 9,957
Service Concession Assets-Intangible Assets 3,708 - 3,708
Total 852,611 637,162 215,448

15. FINANCIAL LIABILITIES (Current)

Total Current Financial Liabilities is composed of the following major accounts:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Payables 62,368,256 49,328,447 13,039,809
Bills/Bonds/Loans Payable 22,210,703 24,563,838 (2,353,135)
Total 84,578,959 73,892,285 10,686,674

15.1. Payables

Of the total current payables of P62.37 billion, Accounts Payable amounting to


P56.49 billion represents 90.58 percent. Details of the total current payables are
as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Accounts Payable 56,493,798 44,501,304 11,992,494
Due to Officers and Employees 5,354,432 4,329,217 1,025,215
Notes Payable 80,695 34,081 46,613
Interest Payable 223,008 253,177 (30,169)
Operating Lease Payable - - -
Finance Lease Payable 4,030 1,588 2,442
Awards and Rewards Payable 3,469 3,006 463
Service Concession Arrangement Payable - - -
Pension Benefits Payable 17,516 12,415 5,101
Leave Benefits Payable 178,902 182,507 (3,605)
Retirement Gratuity Payable 12,407 11,152 1,255
Total 62,368,256 49,328,447 13,039,809

65
The regional breakdown of Accounts Payable for CY 2017 is as follows:

Accounts Payable
Region Amount Percent
(in thousand pesos) to Total
NCR 16,340,086 26.20
CAR 1,067,097 1.71
Region I 3,117,875 5.00
Region II 1,312,785 2.10
Region III 5,874,731 9.42
Region IV-A 8,905,218 14.28
Region IV- B 2,289,238 3.67
Region V 3,054,742 4.90
Region VI 1,981,231 3.18
Region VII 3,669,592 5.88
Region VIII 2,390,665 3.83
Region IX 1,560,244 2.50
Region X 3,159,060 5.07
Region XI 2,358,542 3.78
Region XII 1,048,185 1.68
Region XIII 1,424,684 2.28
Region XVI 2,729,864 4.38
ARMM 84,418 0.14
Total 62,368,256 100.00

15.2. Bills/Bonds/Loans Payable

The current portion of the major account Bills/Bonds/Loans Payable for CY


2017 is composed of the following:
Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Bonds Payable-Domestic 263,150 77,526 185,624
Discount on Bonds Payable-Domestic (6) (1) (5)
Premium on Bonds Payable-Domestic 94,215 90,413 3,802
Loans Payable-Domestic 21,836,165 24,267,186 (2,431,022)
Loans Payable-Foreign 17,179 128,714 (111,535)
Total 22,210,703 24,563,838 (2,353,135)

The Regional breakdown of the Loans Payable-Domestic totaling P21.84 billion


is as follows.

Loans Payable - Domestic


Region Amount Percent
(in thousand pesos) to Total
NCR 1,477,313 6.77
CAR 187,497 0.86
Region I 1,469,749 6.73
Region II 482,619 2.21
Region III 2,140,892 9.80
Region IV-A 2,930,222 13.42
Region IV- B 635,616 2.91
Region V 1,469,968 6.73

66
Loans Payable - Domestic
Region Amount Percent
(in thousand pesos) to Total
Region VI 1,063,200 4.87
Region VII 680,354 3.12
Region VIII 1,938,042 8.88
Region IX 1,559,445 7.14
Region X 1,308,510 5.99
Region XI 1,533,655 7.02
Region XII 467,427 2.14
Region XIII 887,510 4.06
Region XVI 1,185,983 5.43
ARMM 418,162 1.91
Total 21,836,165 100.00

Region IV-A, Region III, and Region VIII registered the highest amounts at
P2.93 billion or 13.42 percent, P2.14 billion or 9.80 percent, and P1.94 billion or
8.88 percent, respectively.

16. INTER-AGENCY PAYABLES

This major group of accounts pertains to payables that subsist between NGAs, LGUs
and GCs, as shown below.

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Due to BIR 4,159,758 3,823,963 335,795
Due to GSIS 2,355,453 2,485,963 (130,510)
Due to Pag-IBIG 653,090 391,771 261,319
Due to PhilHealth 799,352 909,487 (110,134)
Due to NGAs 93,998,651 64,196,954 29,801,697
Due to GOCCs 2,725,751 2,501,238 224,514
Due to LGUs 16,062,274 16,299,079 (236,805)
Due to Joint Venture 75,216 80,342 (5,126)
Total 120,829,546 90,688,795 30,140,750

The total Inter-Agency Payables of P120.83 billion by regions is shown below.

Amount Percent
Region
(in thousand pesos) to Total
NCR 6,404,937 5.30
CAR 3,547,434 2.94
Region I 4,699,453 3.89
Region II 4,937,688 4.09
Region III 7,069,750 5.85
Region IV-A 8,011,897 6.63
Region IV-B 7,175,035 5.94
Region V 7,379,003 6.11
Region VI 7,493,698 6.20
Region VII 10,208,549 8.45

67
Amount Percent
Region
(in thousand pesos) to Total
Region VIII 11,592,937 9.59
Region IX 7,620,757 6.31
Region X 8,941,421 7.40
Region XI 6,012,449 4.98
Region XII 2,820,871 2.33
Region XIII 7,428,369 6.15
Region XVI 6,372,119 5.27
ARMM 3,113,179 2.58
Total 120,829,546 100.00

Of the Inter-Agency Payables totaling P120.83 billion, Due to NGAs got the biggest
amount of P94.00 billion or 77.79 percent. Regional breakdown is shown below:

Due to NGAs
Region Amount Percent
(in thousand pesos) to Total
NCR 1,899,951 2.02
CAR 3,156,138 3.36
Region I 3,779,738 4.02
Region II 3,794,064 4.04
Region III 4,744,756 5.05
Region IV-A 5,409,507 5.75
Region IV-B 6,406,261 6.82
Region V 6,244,343 6.64
Region VI 5,873,070 6.25
Region VII 7,660,284 8.15
Region VIII 9,734,414 10.36
Region IX 6,516,715 6.93
Region X 7,124,936 7.58
Region XI 5,264,520 5.60
Region XII 2,283,346 2.43
Region XIII 6,419,463 6.83
Region XVI 4,870,605 5.18
ARMM 2,816,539 3.00
Total 93,998,651 100.00

17. INTRA-AGENCY PAYABLES

Intra-Agency Payables are reciprocal accounts that subsist within the LGU. The total
amount of P31.81 billion is composed of the following:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Due to Other Funds 23,217,594 26,673,149 (3,455,554)
Due to Special Accounts 7,245,033 5,017,388 2,227,645
Due to Local Economic Enterprises 1,347,415 2,372,492 (1,025,073)
Total 31,810,045 34,063,028 (2,252,983)

68
18. TRUST LIABILITIES

This major group of accounts consists of amounts held in trust for specific purposes,
such as Disaster Risk Reduction and Management Fund, and Guaranty/Security
Deposits. Details are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Trust Liabilities 8,998,701 6,839,442 2,159,259
Trust Liabilities-Disaster Risk Reduction and
Management Fund 30,771,525 23,741,507 7,030,018
Bail Bonds Payable 959,318 608,590 350,728
Guaranty/Security Deposits Payable 7,275,656 6,334,275 941,381
Customers' Deposits Payable 69,858 88,137 (18,279)
Total 48,075,059 37,611,952 10,463,107

As shown above, Trust Liabilities-Disaster Risk Reduction and Management Fund,


Trust Liabilities, and Guaranty/Security Deposits represent the top three components of
the total Trust Liabilities at P30.77 billion or 64.01 percent, P9.00 billion or 18.72
percent, and P7.27 billion or 15.12 percent, respectively. Their balances per region are
shown below.

Trust Liabilities-Disaster Risk


Trust Liabilities
Reduction and Management Fund
Region
Amount Percent Amount Percent
(in thousand pesos) to Total (in thousand pesos) to Total
NCR 1,527,973 16.98 8,303,648 26.98
CAR 489,800 5.44 458,094 1.49
Region I 221,784 2.46 1,358,682 4.42
Region II 214,683 2.39 811,151 2.64
Region III 556,384 6.18 2,319,002 7.54
Region IV-A 929,418 10.33 4,021,313 13.07
Region IV-B 220,426 2.45 1,371,202 4.46
Region V 1,122,883 12.48 1,438,093 4.67
Region VI 676,263 7.52 1,070,456 3.48
Region VII 864,731 9.61 2,238,383 7.27
Region VIII 486,342 5.40 1.214,155 3.95
Region IX 186,519 2.07 1,241,481 4.03
Region X 318,008 3.53 1,042,438 3.39
Region XI 180,849 2.01 976,511 3.17
Region XII 68,744 0.76 392,169 1.27
Region XIII 444,943 4.94 657,144 2.14
Region XVI 424,956 4.72 1,756,604 5.71
ARMM 63,994 0.71 101,002 0.33
Total 8,998,701 100.00 30,771,525 100.00

69
19. DEFERRED CREDITS/UNEARNED INCOME (Current)

This group of accounts is composed of the following:

Amount (in thousand pesos)


Account Increase/
2017 2016
(Decrease)
Deferred Real Property Tax 30,549,627 28,545,897 2,003,729
Deferred Special Education Tax 26,514,539 23,512,274 3,002,265
Deferred Finance Lease Revenue 61,460 23,789 37,671
Deferred Service Concession Revenue 24,162 - 24,162
Unearned Revenue- Investment Property 66,670 953,909 (887,239)
Other Deferred Credits 11,880,774 10,703,943 1,176,831
Total 69,097,232 63,739,812 5,357,420

20. PROVISIONS (Current)

This group of accounts is comprised of the following:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Termination Benefits 7,717 2,295 5,422
Other Provisions 475,002 69,712 405,290
Total 482,719 72,007 410,712

21. OTHER PAYABLES (Current)

Other Payables totaling P13.61 billion shared 3.69 percent of the total Current
Liabilities of P368.48 billion as shown in the SFPo. The regional breakdown is shown
below.

Amount Percent
Region
(in thousand pesos) to Total
NCR 2,323,344 17.07
CAR 109,719 0.81
Region I 1,154,210 8.48
Region II 690,836 5.08
Region III 1,316,140 9.67
Region IV-A 2,593,028 19.05
Region IV-B 632,408 4.65
Region V 240,697 1.77
Region VI 510,769 3.75
Region VII 367,564 2.70
Region VIII 568,300 4.18
Region IX 386,529 2.84
Region X 867,307 6.37
Region XI 548,031 4.03
Region XII 304,634 2.24
Region XIII 303,382 2.23

70
Amount Percent
Region
(in thousand pesos) to Total
Region XVI 685,957 5.04
ARMM 5,890 0.04
Total 13,608,743 100.00

22. FINANCIAL LIABILITIES (Non-Current)

The total Non-Current Financial Liabilities is composed of the following major


accounts:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Payables 5,725,687 5,796,678 (70,991)
Bills/Bonds/Loans Payable 61,143,102 58,760,288 2,382,814
Total 66,868,789 64,556,966 2,311,823

22.1. Payables

Accounts Payable amounting to P5.58 billion or 97.38 percent is the bulk of the
total Non-Current Payables of P5.73 billion.

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Accounts Payable 5,575,660 5,621,146 (45,485)
Due to Officers and Employees 76,965 105,758 (28,792)
Notes Payable 27,043 56,737 (29,695)
Interest Payable 17,542 13,038 4,504
Finance Lease Payable 28,405 - 28,405
Retirement Gratuity Payable 72 - 72
Total 5,725,687 5,796,678 (70,991)

22.2. Bills/Bonds/Loans Payable

The non-current portion of the major account Bills/Bonds/Loans Payable totaled


P61.14 billion, of which Loans Payable-Domestic account reported a significant
amount of P57.96 billion or 94.79 percent. It is composed of the following
accounts:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Bonds Payable-Domestic 821,496 1,065,874 (244,378)
Premium on Bonds Payable-Domestic 241,422 197,739 43,683
Loans Payable-Domestic 57,955,947 55,202,666 2,753,282
Loans Payable-Foreign 2,124,237 2,294,010 (169,773)
Total 61,143,102 58,760,288 2,382,814

71
Loans Payable-Domestic

The breakdown of Loans Payable-Domestic by region is shown below.

Amount Percent
Region
(in thousand pesos) to Total
NCR 9,120,710 15.74
CAR 921,846 1.59
Region I 2,447,146 4.22
Region II 4,730,831 8.16
Region III 7,652,058 13.20
Region IV-A 6,527,430 11.26
Region IV-B 3,342,527 5.77
Region V 3,998,555 6.90
Region VI 2,552,377 4.40
Region VII 1,537,347 2.65
Region VIII 1,894,503 3.27
Region IX 2,076,580 3.58
Region X 2,355,897 4.06
Region XI 2,460,567 4.25
Region XII 767,569 1.32
Region XIII 1,980,948 3.42
Region XVI 2,931,090 5.06
ARMM 657,966 1.14
Total 57,955,947 100.00

23. DEFERRED CREDITS/UNEARNED INCOME (Non-Current)

This group of accounts is composed of the following:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Deferred Real Property Tax 23,409,500 21,257,946 2,151,554
Deferred Special Education Tax 9,736,401 9,781,813 (45,412)
Deferred Finance Lease Revenue 464,722 370,114 94,608
Deferred Service Concession Revenue 155,277 155,126 151
Unearned Revenue-Investment Property 405,713 46,637 359,075
Other Deferred Credits 23,202,915 23,451,382 (248,467)
Total 57,374,528 55,063,019 2,311,509

24. PROVISIONS (Non-Current)

The composition of Provisions is shown below:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Termination Benefits 4,923 15,165 (10,243)
Other Provisions 36,000 28,050 7,951
Total 40,923 43,215 (2,292)

72
25. OTHER PAYABLES (Non-Current)

Other Payables of P10.88 billion shared 8.05 percent of the Non-Current Liabilities
totaling P135.17 billion and the details are shown below.

Amount Percent
Region
(in thousand pesos) to Total
NCR 4,597,553 42.25
CAR 388,404 3.57
Region I 244,274 2.25
Region II 257,161 2.36
Region III 519,562 4.78
Region IV-A 493,199 4.53
Region IV-B 397,327 3.65
Region V 295,310 2.71
Region VI 424,561 3.90
Region VII 345,771 3.18
Region VIII 755,243 6.94
Region IX 128,510 1.18
Region X 710,249 6.53
Region XI 128,485 1.18
Region XII 55,651 0.51
Region XIII 275,683 2.53
Region XVI 862,372 7.93
ARMM 1,490 0.01
Total 10,880,806 100.00

26. NET ASSETS/EQUITY

Comparative details of Net Assets/Equity are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Net Assets/Equity 1,242,256,955 886,977,233 355,279,722

The Regional breakdown of Net Asset/Equity by Unit is as follows:

% of Regional
Total to Total
Region Total Province Cities Municipalities
Net
Asset/Equity
NCR 350,173,543 - 349,922,362 251,181 28.19
CAR 27,030,207 10,886,372 6,441,276 9,702,559 2.18
Region I 64,555,349 19,283,938 11,012,012 34,259,399 5.20
Region II 39,403,679 15,747,455 7,077,248 16,578,976 3.17
Region III 94,227,791 40,563,467 21,991,135 31,673,189 7.59
Region IV-A 144,329,944 43,529,225 63,643,951 37,156,769 11.62
Region IV-B 35,394,518 13,305,503 6,615,010 15,474,004 2.85
Region V 50,770,067 18,286,898 11,044,669 21,438,500 4.09
Region VI 42,608,955 16,863,984 7,653,765 18,091,206 3.43

73
% of Regional
Total to Total
Region Total Province Cities Municipalities
Net
Asset/Equity
Region VII 87,723,429 36,576,598 31,248,758 19,898,073 7.06
Region VIII 51,164,066 16,846,959 14,094,396 20,222,711 4.12
Region IX 35,797,969 10,317,482 13,632,092 11,848,395 2.88
Region X 52,198,974 17,684,592 20,599,213 13,915,169 4.20
Region XI 51,964,729 25,604,771 16,694,938 9,665,019 4.18
Region XII 16,798,677 5,016,098 6,046,749 5,735,830 1.35
Region XIII 35,953,109 12,207,539 11,857,257 11,888,313 2.89
Region XVI 52,422,887 14,129,550 29,420,223 8,873,114 4.22
ARMM 9,739,061 2,372,169 1,413,406 5,953,486 0.78
Total 1,242,256,955 319,222,600 630,408,463 292,625,892 100.00

27. TAX REVENUE

Tax Revenue amounting to P145.50 billion represents 24.77 percent of the total current
operating revenue of P587.36 billion. Presented below are details of the tax revenue.

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Tax Revenue-Individual and Corporation 2,200,015 2,006,305 193,710
Professional Tax 90,743 128,139 (37,397)
Community Tax 2,109,272 1,878,165 231,107
Tax Revenue-Property 62,576,238 55,078,881 7,497,357
Real Property Tax-Basic 31,057,175 27,377,193 3,679,982
Less: Discount on Real Property Tax-Basic 3,131,573 2,786,247 (345,327)
Special Education Tax 32,156,203 28,115,532 4,040,671
Less: Discount on Special Education Tax 2,857,141 2,496,070 (361,071)
Special Levy on Idle Lands 340,677 261,088 79,589
Special Levy on Lands Benefited by Public 236
Works Projects 10,451 10,216
Real Property Transfer Tax 5,000,445 4,597,169 403,276
Tax Revenue-Goods and Services 75,841,063 65,513,185 10,327,877
Business Tax 71,317,825 61,381,791 9,936,034
Tax on Sand, Gravel and Other Quarry
Products 1,181,557 1,056,001 125,556
Tax on Delivery Trucks and Vans 280,187 247,413 32,774
Amusement Tax 959,294 875,661 83,633
Franchise Tax 2,030,932 1,879,569 151,362
Printing and Publication Tax 71,268 72,750 (1,482)
Tax Revenue-Others 1,168,649 1,909,997 (741,347)
Other Taxes 1,168,649 1,909,997 (741,347)
Tax Revenue-Fines and Penalties 3,711,756 3,157,225 554,531
Tax Revenue-Fines and Penalties-Taxes on
Individual and Corporation 522,050 363,052 158,998
Tax Revenue-Fines and Penalties-Property Taxes 2,215,741 1,997,799 217,943
Tax Revenue-Fines and Penalties-Taxes on Goods
and Services 553,844 459,818 94,026
Tax Revenue-Fines and Penalties-Other Taxes 420,121 336,557 83,563
Total 145,497,721 127,665,593 17,832,128

74
27.1 Tax Revenue-Individual and Corporation

This account contributed P2.20 billion or 1.51 percent of the total tax revenue of
P145.50 billion. Of the P2.20 billion, P2.11 billion or 95.88 percent was sourced
from community tax and the remaining balance of P90.74 million or 4.12
percent represents revenue from professional tax.

27.2 Tax Revenue-Property

This account amounting to P62.58 billion or 43.01 percent represents the second
highest component of tax revenue. Special Education Tax (SET) of P32.16
billion or 51.39 percent and Real Property Tax (RPT)-Basic of P31.06 billion or
49.63 percent were two of the highest components of Tax Revenue-Property.
NCR contributed the highest RPT and SET amounting to P14.69 billion and
P12.32 billion, respectively. Next is Region IV-A with a contributed RPT of
P5.24 billion and SET of P6.97 billion. The third highest contributor is Region
III with RPT of P3.08 billion and SET of P3.90 billion.

The Regional breakdown of RPT and SET is as follows:

Amount
(in thousand pesos)
Region
Real Property Tax - Special Education
Basic Tax
NCR 14,687,772 12,321,490
CAR 277,061 238,257
Region I 801,087 978,844
Region II 359,015 420,783
Region III 3,079,392 3,900,167
Region IV-A 5,239,540 6,966,491
Region IV-B 297,192 327,624
Region V 442,344 514,375
Region VI 969,229 939,092
Region VII 1,364,612 1,340,076
Region VIII 250,634 288,898
Region IX 256,563 324,201
Region X 753,042 854,584
Region XI 900,781 1,056,571
Region XII 189,366 264,439
Region XIII 387,075 435,478
Region XVI 775,668 964,674
ARMM 26,802 20,158
Total 31,057,175 32,156,203

27.3 Tax Revenue-Goods and Services

Tax revenue on goods and services amounting to P75.84 billion or 52.13 percent
marks as the highest component of tax revenue. Business Tax of P71.32 billion
or 94.04 percent is the bulk of the total Tax Revenue-Goods and Services.
Compared with previous year’s balance of P61.38 billion, revenue from
business tax increased by P9.94 billion, which represents the highest increase

75
among the components of this account. Highest revenue on business tax was
reported by NCR, Region IV-A and Region III amounting to P39.74 billion or
55.72 percent, P9.99 billion or 14.01 percent and P4.74 billion or 6.65 percent,
respectively. The details of Business Tax by Region is shown below:

Amount
Region (in thousand pesos)
Business Tax Percent Distribution
NCR 39,738,528 55.72
CAR 499,607 0.70
Region I 1,528,290 2.14
Region II 992,517 1.39
Region III 4,740,452 6.65
Region IV-A 9,988,918 14.01
Region IV-B 587,218 0.82
Region V 1,003,668 1.41
Region VI 1,191,614 1.67
Region VII 3,619,021 5.07
Region VIII 622,299 0.87
Region IX 608,163 0.85
Region X 1,662,986 2.33
Region XI 2,238,067 3.14
Region XII 474,336 0.67
Region XIII 726,323 1.02
Region XVI 1,025,241 1.44
ARMM 70,574 0.10
Total 71,317,825 100.00

27.4 Tax Revenue-Fines and Penalties

The total Tax Revenue-Fines and Penalties of P3.71 billion represents 2.55
percent of the total tax revenue. Fines and penalties on late payment of property
taxes amounting to P2.22 billion or 59.70 percent was the highest source of tax
revenue on fines and penalties.

28. SHARE FROM INTERNAL REVENUE COLLECTIONS

Out of the total current operating revenue of P587.36 billion, majority was sourced from
Share from Internal Revenue Collections amounting to P371.77 billion or 63.30
percent. CY 2017 share from internal revenue collections increased by P46.92 billion or
14.44 percent from CY 2016 amount of P324.85 billion. Presented below is the regional
breakdown of share from internal revenue collections ranked from highest to lowest.

Amount
Regions (in million pesos)
Region IV-A 43,493.58
Region III 37,312.58
Region V 23,381.45
Region VIII 23,242.47
Region X 21,666.34
NCR 21,297.86

76
Amount
Regions (in million pesos)
Region XVI 20,725.09
Region II 20,629.75
Region I 20,532.00
Region VII 20,011.86
Region XI 19,849.50
Region IV-B 17,756.02
Region VI 17,261.99
Region XIII 16,212.79
Region IX 15,437.07
ARMM 12,552.67
CAR 11,813.10
Region XII 8,597.78
Total 371,773.87

29. OTHER SHARE FROM NATIONAL TAXES

This group of accounts totaling P8.91 billion comprises of Share from Expanded Value
Added Tax – P209.02 million or 2.35 percent, Share from National Wealth – P1.33
billion or 14.96 percent, Share from Tobacco Excise Tax (RA 7171 and 8240) – P2.24
billion or 25.15 percent, and Share from Economic Zones – P5.13 billion or 57.54
percent. Comparative details are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Share from Expanded Value Added Tax 209,016 2,254,797 (2,045,781)
Share from National Wealth 1,333,273 2,394,406 (1,061,133)
Share from Tobacco Excise Tax (RA 7171 and
8240) 2,241,330 10,114,328 (7,872,998)
Share from Economic Zones 5,128,402 4,556,953 571,449
Total 8,912,021 19,320,484 (10,408,463)

30. SERVICE AND BUSINESS INCOME

The total Service and Business Income of P54.60 billion represents 9.30 percent of the
total current operating revenue of P587.36 billion. Comparative details are as follows:

Amount
(in thousand pesos)
Account
Increase
2017 2016
(Decrease)
Service Income 16,419,457 14,471,300 1,948,157
Permit Fees 7,592,041 6,646,245 945,796
Registration Fees 677,568 592,899 84,669
Registration Plates, Tags and Stickers Fees 142,131 113,663 28,468
Clearance and Certification Fees 2,376,493 2,096,082 280,410
Supervision and Regulation Enforcement Fees 548,572 381,051 167,521
Inspection Fees 1,434,963 1,293,897 141,066
Verification and Authentication Fees 49,609 40,060 9,549

77
Amount
(in thousand pesos)
Account
Increase
2017 2016
(Decrease)
Processing Fees 155,268 151,134 4,134
Occupation Fees 412,621 336,449 76,172
Fishery Rental Fees and Charges 67,064 59,769 7,295
Fees for Sealing and Licensing of Weights and 72,652 80,003 (7,351)
Measures
Fines and Penalties-Service Income 429,569 495,318 (65,749)
Other Service Income 2,460,906 2,184,729 276,177
Business Income 38,185,143 34,170,013 4,015,130
School Fees 1,779,491 1,750,671 28,820
Affiliation Fees 4,727 6,548 (1,820)
Seminar/Training Fees 27,312 22,011 5,301
Rent Income 2,676,849 2,547,874 128,975
Communication Network Fees 18,267 165,815 (147,548)
Transportation System Fees 412,989 358,128 54,861
Road Network Fees 631,782 572,488 59,294
Waterworks System Fees 1,825,707 1,628,652 197,055
Power Supply System Fees 36,997 34,323 2,674
Seaport System Fees 160,190 142,731 17,459
Parking Fees 558,816 512,980 45,836
Receipts from Operation of Hostels/Dormitories
and Other Like Facilities 164,170 130,110 34,061
Receipts from Market Operations 5,385,332 4,903,462 481,870
Receipts from Slaughterhouse Operation 1,073,074 934,598 138,476
Receipts from Cemetery Operations 399,607 351,123 48,484
Receipts from Printing and Publication 4,906 28,637 (23,731)
Sales Revenue 1,044,204 806,332 237,872
Less:
Sales Discounts 1,141 859 282
Cost of Goods Manufactured 2,961 11,686 (8,725)
Direct Materials 2,817 10,644 (7,826)
Direct Labor 144 1,042 (898)
Manufacturing Overhead - - -
Cost of Sales 566,156 445,108 121,048
Cost of Sales 566,156 445,108 121,048
Total 570,258 457,652 112,605
Net Sales Revenue 473,947 348,680 125,267
Garbage Fees 2,140,939 2,240,123 (99,184)
Hospital Fees 14,229,426 12,553,677 1,675,749
Dividend Income 61,025 107,711 (46,686)
Interest Income 2,464,992 2,384,020 80,972
Service Concession Revenue 19,552 18,985 567
Other Service Concession Revenue 5,863 10,393 (4,530)
Lease Revenue 126,382 66,716 59,666
Share in the Profit of Joint Venture 767,673 19,026 748,647
Fines and Penalties-Business Income 169,929 160,986 8,943
Other Business Income 2,565,200 2,169,545 395,656
Total 54,604,600 48,641,313 5,963,286

78
30.1 Service Income

Service Income of P16.42 billion constitutes 30.07 percent of the total Service
and Business Income of P54.60 billion. Permit Fees amounting to P7.59 billion
or 46.24 percent represents the bulk of the total Service Income. As shown in
Annex 6, NCR, Region IV-A and Region III contributed the highest permit fees
amounting to P2.69 billion, P1.27 billion and P848.15 million, respectively.

30.2 Business Income

Of the total Service and Business Income, 69.93 percent was sourced from
Business Income amounting to P38.18 billion. The highest sources of Business
Income are hospital fees of P14.23 billion or 37.26 percent, followed by Receipt
from Market Operations of P5.38 billion or 14.10 percent. The top three
contributors with a reported business income of P6.94 billion, P3.86 billion and
P3.42 billion are NCR, Region IV-A and Region III, respectively, as presented
in Annex 7.

31. SHARES, GRANTS AND DONATIONS

Comparative details of shares, grants and donations are as follows:


25: SERVICE AND BUSINESS INCOME
Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Share 736,094 704,443 31,651
Share from PAGCOR 179,588 199,968 (20,380)
Share from PCSO 556,506 504,476 52,031
Grants and Donations 5,803,090 5,506,179 296,911
Grants and Donations in Cash 2,298,654 3,017,673 (719,020)
Grants and Donations in Kind 3,501,713 2,461,259 1,040,454
Grants from Concessionary Loans 2,723 27,246 (24,523)
Total 6,539,184 6,210,622 328,562

31.1 Share

Share from PAGCOR and Share from PCSO represent 24.40 percent and 75.60
percent, respectively, of the total Share. As shown in Annex 8, NCR got the
highest share from PAGCOR amounting to P54.29 million while Region III got
the highest share from PCSO of P156.90 million. On the other hand, ARMM
received the lowest share from PAGCOR and PCSO amounting to P56 thousand
and P858 thousand, respectively.

31.2 Grants and Donations

Grants and Donations of P5.80 billion or 88.74 percent is the bulk of the total
Shares, Grants and Donations. Region VIII reported the highest amount of
grants and donations in cash amounting to P829.43 million while Region 1
reported the highest amount of grants and donations in kind amounting to
P607.07 million, as shown in Annex 9.

79
32. GAINS

Gains amounting to P28.55 million consist of the following:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Gain on Initial Recognition of Biological Assets 15,813 7,831 7,982
Gain on Sale of Biological Assets 7,901 4,011 3,890
Gain from Changes in Fair Value Less Cost to Sell
of Biological Assets Due to Physical Change 2,934 1,774 1,160
Gain from Changes in Fair Value Less Cost to Sell
of Biological Assets Due to Price Change 43 - 43
Gain from Initial Recognition of Agricultural
Produce 1,856 3,412 (1,556)
Total Gains 28,547 17,028 11,519

The highest source of gain is from Initial Recognition of Biological Assets which
constitutes P15.81 million or 55.39 percent of the total gains, followed by Gain on Sale
of Biological Assets of P7.90 million or 27.68 percent. The regional breakdown of total
gains presented in Annex 10 shows that Region IV-A reported the highest gains of
P11.62 million or 40.71 percent of the total gains of P28.55 million.

33. PERSONNEL SERVICES

Personnel Services totaling P167.74 billion represents 39.87 percent of the total current
operating expenses of P420.69 billion. Below are the comparative details of personnel
services.

Amount
(in thousand pesos)
Accounts
Increase/
2017 2016
(Decrease)
Salaries and Wages 99,661,161 91,440,367 8,220,794
Salaries and Wages-Regular 83,807,672 76,624,709 7,182,963
Salaries and Wages-Casual/Contractual 15,853,489 14,815,658 1,037,831
Other Compensation 43,723,865 41,164,174 2,559,692
Personal Economic Relief Allowance (PERA) 9,222,231 9,057,521 164,710
Representation Allowance (RA) 3,193,019 3,143,202 49,816
Transportation Allowance (TA) 2,873,356 2,822,484 50,872
Clothing/Uniform Allowance 1,821,045 1,810,266 10,779
Subsistence Allowance 1,129,767 1,079,847 49,920
Laundry Allowance 127,389 98,397 28,992
Quarters Allowance 8,970 14,395 (5,424)
Productivity Incentive Allowance 748,950 720,153 28,797
Overseas Allowance 11,196 1,112 10,084
Honoraria 1,433,229 1,587,914 (154,685)
Hazard Pay 2,828,171 2,257,269 570,902
Longevity Pay 245,316 121,045 124,271
Overtime and Night Pay 1,355,839 1,301,355 54,484
Year End Bonus 11,626,304 11,019,164 607,141
Cash Gift 2,070,068 2,129,918 (59,851)

80
Amount
(in thousand pesos)
Accounts
Increase/
2017 2016
(Decrease)
Other Bonuses and Allowances 5,029,015 4,000,132 1,028,883
Personnel Benefits Contributions 13,321,653 12,241,329 1,080,323
Retirement and Life Insurance Premiums 11,018,937 10,011,264 1,007,673
Pag-IBIG Contributions 812,901 762,231 50,670
PhilHealth Contributions 1,022,266 1,013,363 8,903
Employees Compensation Insurance Premiums 453,365 440,322 13,042
Provident/Welfare Fund Contributions 14,184 14,149 34
Other Personnel Benefits 11,028,640 11,606,277 (577,636)
Pension Benefits 145,412 76,172 69,240
Retirement Gratuity 55,222 54,454 768
Terminal Leave Benefits 4,218,429 5,485,532 (1,267,103)
Other Personnel Benefits 6,609,577 5,990,119 619,459
Total 167,735,319 156,452,147 11,283,172

33.1 Salaries and Wages

Among the four components of Personnel Services, majority came from Salaries
and Wages amounting to P99.66 billion or 59.42 percent. NCR, Region IV-A
and Region III were the top three regions with highest amounts of salaries and
wages of P13.70 billion, P11.58 billion, and P9.57 billion, respectively, as
shown in Annex 11.

33.2 Other Compensation

This group of accounts aggregating P43.72 billion represents 26.07 percent of


the total Personnel Services of P167.74 billion, mostly were spent for Year-End
Bonus of P11.63 billion or 26.59 percent and Personal Economic Relief
Allowance (PERA) of P9.22 billion or 21.09 percent. Among the account
components of Other Compensation, Other Bonuses and Allowances has
increased significantly by P1.03 billion or 25.72 percent from the previous
year’s amount of P4.00 billion

33.3 Personnel Benefits Contributions

Retirement and Life Insurance Premiums of P11.02 billion or 82.71 percent is


the bulk of the total Personnel Benefits Contributions of P13.32 billion.

33.4 Other Personnel Benefits

The top two major components of the total Other Personnel Benefits of P11.03
billion were Other Personnel Benefits of P6.61 billion or 59.93 percent and
Terminal Leave Benefits of P4.22 billion or 38.25 percent.

81
34. MAINTENANCE AND OTHER OPERATING EXPENSES

MOOE of P213.28 billion represents 50.70 percent of the total current operating
expenses of P420.69 billion. The top four components of MOOE are Other
Maintenance and Operating Expenses – P69.67 billion or 32.67 percent, Supplies and
Materials Expenses – P43.56 billion or 20.42 percent, General Services – P34.59 billion
or 16.22 percent, and Repairs and Maintenance – P19.03 billion or 8.92 percent.
Comparative details of MOOE are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Traveling Expenses 5,531,669 4,885,763 645,906
Training and Scholarship Expenses 7,472,543 6,063,418 1,409,124
Supplies and Materials Expenses 43,557,555 39,486,181 4,071,374
Utility Expenses 14,446,613 13,495,123 951,490
Communication Expenses 2,221,241 1,991,832 229,410
Awards/Rewards and Prizes 874,792 524,591 350,201
Survey, Research, Exploration and
Development Expenses 125,072 115,336 9,736
Demolition/Relocation and Desilting/Dredging
Expenses 348,697 178,034 170,662
Generation, Transmission and Distribution Expenses 22,102 19,394 2,707
Confidential, Intelligence and Extraordinary
Expenses 4,561,890 3,755,299 806,592
Professional Services 9,046,753 8,593,780 452,973
General Services 34,593,085 29,515,828 5,077,258
Repairs and Maintenance 19,028,370 17,495,869 1,532,501
Taxes, Insurance Premiums and Other Fees 1,779,998 1,513,688 266,310
Other Maintenance and Operating Expenses 69,668,060 65,008,016 4,660,044
Total 213,278,440 192,642,152 20,636,289

34.1 Traveling Expenses

The details of Traveling Expenses are as follows:

Amount
Account Percent
(in thousand pesos)
Traveling Expenses-Local 5,411,885 97.83
Traveling Expenses-Foreign 119,784 2.17
Total 5,531,669 100.00

34.2 Training and Scholarship Expenses

The breakdown of Training and Scholarship Expenses is as follows:

Amount Percent
Account
(in thousand pesos) to Total
Training Expenses 4,559,477 61.02
Scholarship Grants/Expenses 2,913,065 38.98
Total 7,472,543 100.00

82
34.3 Supplies and Materials Expenses

This group of accounts totaling P43.56 billion or 20.42 percent represents the
second major component of MOOE. It increased by P4.07 billion or 10.31
percent from the previous year’s amount of P39.49 billion. Of the total Supplies
and Materials Expenses, majority represent Other Supplies and Materials
Expenses of P9.69 billion, Drugs and Medicines Expenses of P8.11 billion and
Fuel, Oil and Lubricants Expenses of P7.24 billion.

Among the regions, NCR reported the highest amount at P10.02 billion or 22.99
percent, followed by Region IV-A with P5.23 billion or 12.02 percent, and
Region III with P4.35 billion or 9.98 percent as presented in Annex 12.

The breakdown of Supplies and Materials Expenses is shown below.

Amount Percent
Accounts
(in thousand pesos) to Total
Office Supplies Expenses 4,617,251 10.60
Accountable Forms Expenses 573,894 1.32
Non-Accountable Forms Expenses 149,874 0.34
Animal/Zoological Supplies Expenses 290,369 0.67
Food Supplies Expenses 4,404,014 10.11
Welfare Goods Expenses 548,880 1.26
Drugs and Medicines Expenses 8,109,502 18.62
Medical, Dental and Laboratory Supplies
Expenses 5,317,950 12.21
Fuel, Oil and Lubricants Expenses 7,241,795 16.63
Agricultural and Marine Supplies 1,402,738
Expenses 3.22
Textbooks and Instructional Materials
Expenses 1,036,091 2.38
Military, Police and Traffic Supplies
Expenses 105,047 0.24
Chemical and Filtering Supplies Expenses 74,925 0.17
Other Supplies and Materials Expenses 9,685,223 22.24
Total 43,557,555 100.00

34.4 Utility Expenses

The details of Utility Expenses are as follows:

Amount Percent
Account
(in thousand pesos) to Total
Water Expenses 1,851,198 12.81
Electricity Expenses 12,595,415 87.19
Total 14,446,613 100.00

83
34.5 Communication Expenses

The breakdown of Communication Expenses is as follows:

Amount Percent
Account
(in thousand pesos) to Total
Postage and Courier Services 55,273 2.49
Telephone Expenses 1,656,074 74.56
Internet Subscription Expenses 462,162 20.81
Cable, Satellite, Telegraph and Radio
Expenses 47,732 2.15
Total 2,221,241 100.00

34.6 Awards/Rewards and Prizes

The details of Awards/Rewards and Prizes are as follows:

Amount Percent
Account
(in thousand pesos) to Total
Awards/Rewards Expenses 319,835 36.56
Prizes 554,958 63.44
Total 874,792 100.00

34.7 Survey, Research, Exploration and Development Expenses

The details of Survey, Research, Exploration and Development Expenses are as


follows:

Amount Percent
Account
(in thousand pesos) to Total
Survey Expenses 71,738 57.36
Research, Exploration and Development
Expenses 53,334 42.64
Total 125,072 100.00

34.8 Demolition/Relocation and Desilting/Dredging Expenses

The details of Demolition/Relocation and Desilting/Dredging Expenses are as


follows:

Amount Percent
Account
(in thousand pesos) to Total
Demolition and Relocation Expenses 44,890 12.87
Desilting and Dredging Expenses 303,806 87.13
Total 348,697 100.00

84
34.9 Confidential, Intelligence and Extraordinary Expenses

The details of Confidential, Intelligence and Extraordinary Expenses are as


follows:

Amount Percent
Account
(in thousand pesos) to Total
Confidential Expenses 3,032,891 66.48
Intelligence Expenses 261,778 5.74
Extraordinary and Miscellaneous Expenses 1,267,222 27.78
Total 4,561,890 100.00

34.10 Professional Services

The details of Professional Services are as follows:

Amount Percent
Account
(in thousand pesos) to Total
Legal Services 33,033 0.37
Auditing Services 68,095 0.75
Consultancy Services 1,361,461 15.05
Other Professional Services 7,584,163 83.83
Total 9,046,753 100.00

34.11 General Services

This group of accounts aggregating P34.59 billion or 16.22 percent is the third
major component of MOOE. The three regions with the highest general services
are NCR – P10.57 billion or 30.57 percent, Region IV-A – P4.27 billion or
12.35 percent, and Region III – P3.30 billion or 9.54 percent as presented in
Annex 13.

Presented below is the breakdown of total General Services:

Amount Percent
Account
(in thousand pesos) to Total
Environment/Sanitary Services 10,486,402 30.31
Janitorial Services 2,086,268 6.03
Security Services 3,285,231 9.50
Other General Services 18,735,184 54.16
Total 34,593,085 100.00

34.12 Repairs and Maintenance

Breakdown of Repairs and Maintenance is as follows:

Amount Percent
Account
(in thousand pesos) to Total
Repairs and Maintenance-Investment Property 76,023 0.40
Repairs and Maintenance-Land Improvements 294,779 1.55
Repairs and Maintenance-Infrastructure Assets 8,503,761 44.69

85
Amount Percent
Account
(in thousand pesos) to Total
Repairs and Maintenance-Buildings and Other
Structures 5,098,623 26.79
Repairs and Maintenance-Machinery and
Equipment 1,910,677 10.04
Repairs and Maintenance-Transportation
Equipment 2,692,019 14.15
Repairs and Maintenance-Furniture and Fixtures 50,630 0.27
Repairs and Maintenance-Leased Assets 782 0.00
Repairs and Maintenance-Leased Assets
Improvements 1,862 0.01
Repairs and Maintenance-Other Property, Plant
and Equipment 399,215 2.10
Total 19,028,370 100.00

ARMM posted the highest Repairs and Maintenance amounting to P2.66 billion
as shown below.

Amount
Region
(in thousand pesos)
NCR 1,966,422
CAR 576,984
Region I 975,863
Region II 761,675
Region III 2,181,660
Region IV-A 1,851,022
Region IV-B 574,690
Region V 1,223,290
Region VI 549,319
Region VII 907,935
Region VIII 567,315
Region IX 583,103
Region X 755,894
Region XI 974,177
Region XII 338,271
Region XIII 656,167
Region XVI 926,816
ARMM 2,657,767
Total 19,028,370

34.13 Taxes, Insurance Premiums and Other Fees

Breakdown of Taxes, Insurance Premiums and Other Fees is as follows:

Amount Percent
Accounts
(in thousand pesos) to Total
Taxes, Duties and Licenses 291,370 16.37
Fidelity Bond Premiums 144,048 8.09
Insurance Expenses 1,344,580 75.54
Total 1,779,998 100.00

86
34.14 Other Maintenance and Operating Expenses

This group of accounts in the total amount of P69.67 billion or 32.67 percent is
the top component of MOOE. Region IV-A reported the biggest expenses at
P9.83 billion or 14.11 percent, followed by NCR with P9.16 billion or 13.15
percent, and Region III with P7.32 billion or 10.51 percent as shown in Annex
14.

Presented below is the breakdown of Other Maintenance and Operating


Expenses.

Amount Percent
Accounts
(in thousand pesos) to Total
Advertising Expenses 572,670 0.82
Printing and Publication Expenses 545,618 0.78
Representation Expenses 3,048,906 4.38
Transportation and Delivery Expenses 104,370 0.15
Rent Expenses 1,004,634 1.44
Membership Dues and Contributions to
Organizations 260,193 0.37
Subscription Expenses 82,754 0.12
Donations 21,653,518 31.08
Other Maintenance and Operating
Expenses 42,395,397 60.85
Total 69,668,060 100.00

35. FINANCIAL EXPENSES

Of the total Financial Expenses of P4.65 billion, P4.43 billion or 95.20 percent
represents Interest Expenses, which is the major component of this category. The
details of Financial Expenses are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Management Supervision/Trusteeship Fees 39,098 36,039 3,058
Interest Expenses 4,429,610 4,406,117 23,493
Guarantee Fees 4,555 109,243 (104,688)
Bank Charges 39,335 50,953 (11,618)
Commitment Fees 12,056 17,523 (5,467)
Other Financial Charges 128,113 179,201 (51,088)
Total 4,652,767 4,799,075 (146,308)

The Regional breakdown is shown below.

Amount Percent
Region
(in thousand pesos) To Total
NCR 548,055 11.78
CAR 73,973 1.59
Region I 258,580 5.56
Region II 274,179 5.89

87
Amount Percent
Region
(in thousand pesos) To Total
Region III 560,585 12.05
Region IV-A 547,755 11.77
Region IV-B 175,742 3.78
Region V 332,234 7.14
Region VI 213,424 4.59
Region VII 197,452 4.24
Region VIII 251,997 5.42
Region IX 227,727 4.89
Region X 211,313 4.54
Region XI 234,411 5.04
Region XII 64,634 1.39
Region XIII 162,777 3.50
Region XVI 233,860 5.03
ARMM 84,071 1.81
Total 4,652,767 100.00

The top three regions which reported the highest interest expenses were Region III –
P560.58 million or 12.05 percent, NCR – P548.05 million or 11.78 percent and Region
IV-A – P547.75 million or 11.77 percent.

36. NON-CASH EXPENSES

Of the Non-Cash Expenses of P35.03 billion, Depreciation represents the component


with the highest amount at P34.88 billion or 99.57 percent, as shown below.

Amount
(in thousand pesos)
Account Increase/
2017 2016 (Decrease)
Depreciation 34,877,202 29,129,678 5,747,524
Depreciation-Investment Property 270,295 213,108 57,187
Depreciation-Land Improvements 1,463,517 1,369,101 94,415
Depreciation-Infrastructure Assets 4,368,413 1,701,831 2,666,582
Depreciation-Buildings and Other Structures 11,888,284 10,646,103 1,242,181
Depreciation-Machinery and Equipment 11,626,508 10,385,759 1,240,748
Depreciation-Transportation Equipment 3,106,353 2,817,667 288,686
Depreciation-Furniture, Fixtures and Books 991,037 977,321 13,716
Depreciation-Leased Assets 3,707 54,819 (51,112)
Depreciation-Leased Assets Improvements 7,830 7,931 (100)
Depreciation-Service Concession Assets 7,129 11,617 (4,489)
Depreciation-Other Property, Plant and Equipment 1,144,130 944,421 199,709
Amortization 78,957 69,812 9,145
Amortization-Intangible Assets 78,957 69,812 9,145
Impairment Loss 66,396 85,813 (19,417)
Impairment Loss-Financial Assets Held
to Maturity - 3 (3)
Impairment Loss-Loans and Receivables 27,316 31,976 (4,660)
Impairment Loss-Lease Receivables 857 - 857
Impairment Loss-Investment in GOCCs 1 21 (20)
Impairment Loss-Other Receivables 9,521 8,836 685
Impairment Loss-Inventories 3,336 - 3,336
Impairment Loss-Investment Property - 486 (486)

88
Amount
(in thousand pesos)
Account Increase/
2017 2016 (Decrease)
Impairment Loss-Property, Plant and Equipment 24,348 37,176 (12,828)
Impairment Loss-Intangible Assets 1,017 7,315 (6,298)
Losses 3,800 44,900 (41,100)
Loss on Sale of Biological Assets 3,705 44,727 (41,021)
Loss on Initial Recognition of Biological Assets 95 174 (79)
Grants 85 - 85
Grants for Concessionary Loans 85 - 85
Total 35,026,439 29,330,203 5,696,236

36.1 Depreciation
Among its components, depreciation on buildings and other structures, and
machinery and equipment were the highest amounting to P11.89 billion or 34.09
percent and P11.63 billion or 33.34 percent, respectively.

36.2 Amortization of Intangible Assets

The amortization of Intangible Assets amounted to P78.96 billion. The NCR,


Region IV-A and Region XVI reported the highest amortization of intangible
assets amounting to P30.40 million or 38.50 percent, P22.01 million or 27.88
percent, and P8.80 million or 11.15 percent, respectively.

36.3 Impairment Loss

This group of accounts totaling P66.40 million comprises the Impairment Losses
on Loans and Receivables, Lease Receivables, Investments in GOCCs, Other
Receivables, PPE, and Intangible Assets.

The regions with impairment losses are:

Amounts Percent
Regions (in thousand to Total
pesos)
NCR 15,524 23.38
CAR 2,951 4.44
Region I 7,535 11.35
Region II 681 1.03
Region III 23,844 35.91
Region IV-A - -
Region IV-B 557 0.84
Region V 159 0.24
Region VI 1 0.00
Region VII 4,909 7.39
Region VIII 1,474 2.22
Region IX - -
Region X 263 0.40
Region XI 8,088 12.18
Region XII - -

89
Amounts Percent
Regions (in thousand to Total
pesos)
Region XIII 410 0.62
Region XVI - -
ARMM - -
Total 66,396 100.00

37. TRANSFERS, ASSISTANCE AND SUBSIDY FROM

Comparative details of Transfers, Assistance and Subsidy from are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Assistance and Subsidy 22,648,568 19,148,031 3,500,537
Subsidy from National Government 7,552,771 6,035,654 1,517,117
Subsidy from Local Government Units 2,038,675 1,177,022 861,653
Subsidy from Government-Owned and/or
Controlled Corporations 212,820 239,921 (27,101)
Subsidy from Other Funds 4,638,481 4,530,530 107,951
Subsidy from General Fund Proper/Other Special
Accounts 7,992,183 6,913,195 1,078,988
Subsidy from Other Local Economic Enterprise 213,638 251,709 (38,071)
Transfers 831,775 703,311 128,465
Transfers from General Fund of LGU
Counterpart/Equity Share 478,781 372,089 106,691
Transfers from General Fund of Unspent DRRMF 166,891 64,310 102,580
Transfers from National Government 182,478 235,748 (53,270)
Transfers from Other Local Government 3,626 31,163 (27,537)
Total 23,480,343 19,851,342 3,629,001

38. TRANSFERS, ASSISTANCE AND SUBSIDY TO

Comparative details of Transfers, Assistance and Subsidy To are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Financial Assistance/Subsidy 26,002,453 22,296,951 3,705,501
Subsidy to NGAs 4,258,337 2,629,959 1,628,378
Subsidy to Other Local Government Units 4,733,960 4,905,018 (171,058)
Subsidy to Other Funds 5,950,470 5,789,338 161,132
Subsidy to General Fund Proper/Special Accounts 7,525,872 6,223,244 1,302,628
Subsidy to Local Economic Enterprises 1,856,553 1,416,047 440,506
Subsidies-Others 1,677,261 1,333,345 343,916
Transfers 9,985,917 8,687,578 1,298,339
Transfers of Unspent Current Year DRRM Funds
to the Trust Funds 8,156,292 6,157,521 1,998,771

90
Amount
Account
(in thousand pesos)
Transfers for Project Equity Share /LGU
Counterpart 1,829,626 2,530,057 (700,431)
Total 35,988,370 30,984,529 5,003,841

39. SALE OF ASSETS (Other Non-Operating Income)

This account pertaining to Sale of Garnished/Confiscated/Abandoned/Seized Goods and


Properties of P74.23 million significantly increased by P72.18 million or 3,522 percent
as compared to previous year’s total of P2.05 million. The three regions that reported
the biggest amount of sale are NCR at P37.13 million, Region III at P29.91 million and
Region XVI at P4.60 million.

40. GAINS (Other Non-Operating Income)

The comparative details of total gains are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Gain from Changes in Fair Value of Financial
Instruments 5 10,395 (10,390)
Gain on Foreign Exchange (FOREX) 269 3,176 (2,907)
Gain on Sale of Investments 407 - 407
Gain on Sale of Investment Property 519 4,596 (4,077)
Gain on Sale of Property, Plant and Equipment 192,646 85,348 107,299
Other Gains 11,443,785 2,489 11,441,296
Total 11,637,632 106,005 11,531,627

Of the total Gains of P11.64 billion, P11.44 billion or 98.33 percent was derived from
Other Gains.

NCR and Region V are the leading contributors to this category amounting to P11.43
billion or 98.22 percent and P169.45 million or 1.46 percent, respectively, as shown in
Annex 15.

41. MISCELLANEOUS INCOME (Other Non-Operating Income) A


T
The Miscellaneous Income totaling P2.17 billion decreased by P333.41 million or 13.34
percent as compared to previous year’s total of P2.50 billion.

91
42. LOSSES (Other Non-Operating Losses)

Comparative details of losses are as follows:

Amount
(in thousand pesos)
Account
Increase/
2017 2016
(Decrease)
Loss on Foreign Exchange (FOREX) 108,539 222,505 (113,966)
Loss on Sale of Property, Plant and Equipment 120,946 58,187 62,760
Loss on Sale of Assets 15,285 9,130 6,155
Loss of Assets 42,744 217,663 (174,918)
Loss on Guaranty 35 7,065 (7,030)
Other Losses 9,433 83,799 (74,366)
Total 296,983 598,349 (301,366)

Region VII and Region IV-A reported the highest losses at P114.58 million or 38.58
percent and P76.68 million or 25.82 percent, respectively. The details are presented
below.

Amounts Percent
Regions (in thousand to Total
pesos)
NCR 35,701 12.02
CAR 1,170 0.39
Region I 7,187 2.42
Region II 3,632 1.22
Region III 6,106 2.06
Region IV-A 76,677 25.82
Region IV-B 1,564 0.53
Region V 4,380 1.47
Region VI 153 0.05
Region VII 114,577 38.58
Region VIII 12,490 4.21
Region IX 8,047 2.71
Region X 982 0.33
Region XI 1,632 0.55
Region XII (8,772) (2.95)
Region XIII 3,399 1.14
Region XVI 28,059 9.45
ARMM - -
Total 296,983 100

92
43. CASH INFLOWS FROM OPERATING ACTIVITIES

Comparative details are as follows:

Amount
(in thousand pesos)
Particulars
Increase/
2017 2016
(Decrease)

Collection from taxpayers 159,990,658 140,697,014 19,293,644


Share from Internal Revenue Allotment 365,404,096 328,022,450 37,381,645
Receipts from business/service income 51,746,311 43,882,365 7,863,946
Interest Income 2,118,998 1,692,691 426,307
Dividend Income 593,289 576,316 16,973
Other Receipts 242,249,988 194,211,920 48,038,067
Total 22,103,339 709,082,757 113,020,582

Regional breakdown of Cash Inflows from Operating Activities is as follows:

Receipts
Share from
Collection from
Internal Interest Dividend Other
Region Total from Business/
Revenue Income Income Receipts
taxpayers Service
Allotment
Income
NCR 138,130,176 75,404,352 17,713,473 10,959,998 840,229 15,729 33,196,395
CAR 22,783,482 1,558,310 11,690,371 1,506,759 172,889 922 7,854,231
Region I 42,780,729 4,243,497 20,332,790 3,398,804 165,151 601 14,639,886
Region II 35,724,136 2,175,634 20,624,234 2,035,548 35,081 117,918 10,735,722
Region III 78,174,033 14,802,640 36,964,114 4,577,350 100,743 81,144 21,648,043
Region IV-A 104,472,973 25,472,482 44,211,936 7,108,220 167,971 4,390 27,507,974
Region IV-B 28,723,202 1,731,290 15,573,443 1,387,535 45,918 - 9,985,016
Region V 41,032,924 2,756,616 23,298,079 1,846,114 94,522 75,308 12,962,286
Region VI 38,077,068 4,761,269 17,240,363 3,294,875 58,917 21,154 12,700,489
Region VII 45,782,919 6,985,567 19,772,151 3,925,684 171,976 76,040 14,851,501
Region VIII 39,986,177 1,977,409 23,074,936 1,738,850 45,204 61,635 13,088,142
Region IX 29,016,643 1,510,991 15,491,517 1,868,243 20,463 - 10,125,429
Region X 42,582,643 4,574,103 21,669,894 2,383,245 55,893 74,614 13,824,893
Region XI 37,519,274 4,997,402 19,877,052 2,472,310 26,975 - 10,145,535
Region XII 16,511,912 1,206,170 8,597,783 848,553 26,815 - 5,832,591
Region XIII 29,914,052 2,089,447 16,330,548 1,262,030 34,034 97 10,197,895
Region XVI 36,101,236 3,354,629 20,598,790 1,000,288 50,307 47,137 11,050,086
ARMM 14,789,761 388,852 12,342,620 131,904 5,911 16,601 1,903,873
Total 822,103,339 159,990,658 365,404,096 51,746,311 2,118,998 593,289 242,249,988

93
44. CASH OUTFLOWS FROM OPERATING ACTIVITIES

Comparative details are as follows:

Amount
(in thousand pesos)
Particulars
Increase/
2017 2016
(Decrease)

Payments of expenses 67,589,390 61,519,963 6,069,427


Payment to suppliers and creditors 176,067,083 161,601,090 14,465,992
Payment to employees 161,126,339 146,990,364 14,135,975
Interest Expense 5,240,603 6,351,059 (1,110,456)
Other Payments 186,989,343 151,543,613 35,445,729
Total 597,012,757 528,006,089 69,006,668

Regional breakdown of Cash Outflows from Operating Activities is as follows:

Payment to
Payments suppliers Payment to Interest Other
Region Total
of expenses and employees Expense Payments
creditors

NCR 100,261,001 10,628,119 29,587,737 21,469,821 523,151 38,052,173


CAR 15,941,640 1,370,475 4,193,933 4,600,049 117,088 5,660,094
Region I 32,902,801 5,140,869 10,062,951 8,227,876 227,890 9,243,216
Region II 27,292,271 2,651,587 7,371,661 7,690,881 322,812 9,255,331
Region III 57,484,029 3,855,633 18,508,017 16,785,627 706,129 17,628,623
Region IV-A 72,756,041 7,886,730 22,501,408 18,384,703 460,272 23,522,928
Region IV-B 20,158,810 1,572,003 6,041,573 5,064,435 157,410 7,323,390
Region V 30,332,372 5,249,065 8,258,034 8,680,894 391,431 7,752,948
Region VI 28,579,594 2,753,911 10,592,775 7,404,535 263,374 7,565,000
Region VII 33,318,028 4,794,783 8,643,964 8,439,912 181,867 11,257,501
Region VIII 26,703,781 2,076,275 7,311,400 9,135,277 235,089 7,945,738
Region IX 20,317,388 2,457,287 5,300,979 5,663,545 245,477 6,650,099
Region X 30,895,311 3,503,244 10,176,716 10,180,972 190,330 6,844,050
Region XI 27,747,129 7,309,220 5,995,112 7,266,443 251,908 6,924,446
Region XII 12,046,452 1,373,029 3,712,467 3,929,653 58,843 2,972,460
Region XIII 20,995,172 1,399,531 4,562,663 6,380,940 522,956 8,129,081
Region XVI 27,107,612 1,899,384 8,039,828 7,687,418 283,470 9,197,512
ARMM 12,173,325 1,668,244 5,205,865 4,133,359 101,105 1,064,752
Total 597,012,757 67,589,390 176,067,083 161,126,339 5,240,603 186,989,343

94
45. CASH INFLOWS FROM INVESTING ACTIVITIES

Comparative details are as follows:

Amount
(in thousand pesos)
Particulars
Increase/
2017 2016
(Decrease)
Proceeds from Sale of Investment Property 49,196 43,132 6,064
Proceeds from Sale/Disposal of PPE 317,205 203,338 113,867
Proceeds from Sale of Investments 586,909 115,422 471,487
Collection of Principal on loans to other entities 1,140,748 8,555,260 (7,414,512)
Total 2,094,058 8,917,152 (6,823,094)

Regional breakdown of Cash Inflows from Investing Activities is as follows:

Proceeds Proceeds Collection of


Proceeds
from Sale of from Principal on
Region Total from Sale of
Investment Sale/Disposal loans to other
Investments
Property of PPE entities
NCR 32,121 - 31,659 - 462
CAR 10,011 - 293 4,126 5,591
Region I 91,210 381 6,315 70,000 14,514
Region II 470,423 - 3,640 - 466,783
Region III 68,577 11,971 2,284 5,198 49,125
Region IV-A 289,352 407 12,661 237,174 39,110
Region IV-B 38,665 - 32,992 - 5,673
Region V 277,801 - 226 253,318 24,257
Region VI 111,832 - 7,122 - 104,710
Region VII (8,089) 465 8,277 367 (17,197)
Region VIII 59,728 - 50,639 - 9,089
Region IX 59,301 25,788 15,283 - 18,231
Region X 146,687 2,836 1,815 57 141,980
Region XI 118,875 - 114,337 - 4,539
Region XII 42,619 7,349 25,590 9,564 116
Region XIII 12,523 - 83 7,106 5,334
Region XVI 7,290 - 3,988 - 3,302
ARMM 265,129 - - - 265,129
Total 2,094,058 49,196 317,205 586,909 1,140,748

95
46. CASH OUTFLOWS FROM INVESTING ACTIVITIES

Comparative details are as follows:

Amount
(in thousand pesos)
Particulars
Increase/
2017 2016
(Decrease)

Purchase/Construction of Investment Property 2,986,425 3,388,228 (401,804)


Purchase/Construction of PPE 103,201,911 107,653,699 (4,451,788)
Investment 2,265,567 12,822,669 (10,557,102)
Purchase of Bearer Biological Assets 1,129,474 79,144 1,050,330
Purchase of Intangible Assets 74,246 58,471 15,774
Grant of Loans 341,045 516,322 (175,277)
Total 109,998,667 124,518,534 (14,519,867)

Regional breakdown of Cash Outflows from Investing Activities is as follows:

Purchase/ Purchase Purchase


Purchase/
Construction of Bearer of Grant of
Region Total Constructio Investment
of Investment Biological Intangible Loans
n of PPE
Property Assets Assets
NCR 17,233,404 - 16,624,774 201,005 400,000 7,625 -
CAR 3,331,768 435,147 2,476,681 417,178 435 - 2,327
Region I 8,229,395 203,417 7,902,773 102,043 - 1,256 19,906
Region II 5,368,382 41,389 5,214,876 19,727 1,539 93 90,757
Region III 11,086,441 353,372 9,898,208 775,889 3,322 27,963 27,687
Region IV-A 13,859,085 194,128 13,597,493 25,291 400 24,406 17,366
Region IV-B 3,638,233 5,384 3,610,123 3,954 3,639 3,899 11,234
Region V 6,088,908 50,602 6,007,682 30 113 360 30,121
Region VI 3,853,530 71,011 3,758,579 5,103 1,143 553 17,141
Region VII 6,404,999 133,657 6,223,810 39,992 2,965 4,406 169
Region VIII 6,414,289 169,352 6,208,764 30,545 2,685 125 2,819
Region IX 3,937,180 251,634 2,934,526 68,548 669,548 - 12,925
Region X 4,961,138 109,153 4,846,641 - 3,494 - 1,850
Region XI 4,047,069 34,869 3,667,358 339,084 2,246 3,200 312
Region XII 2,008,490 289,430 1,603,340 100,978 14,441 300 -
Region XIII 3,972,020 224,876 3,521,240 133,344 - 60 92,500
Region XVI 3,501,362 28,526 3,454,760 2,856 1,418 - 13,802
ARMM 2,062,976 390,479 1,650,283 - 22,084 - 130
Total 109,998,667 2,986,425 103,201,911 2,265,567 1,129,474 74,246 341,045

96
47. CASH INFLOWS FROM FINANCING ACTIVITIES

The cash inflows from financing activities totaling P13.70 billion comprise of Proceeds
from Issuance of Bills and Bonds of P496.10 million and Proceeds from Domestic and
Foreign Loans of P13.20 billion.

Regional breakdown of Cash Inflows from Financing Activities is as follows:

Proceeds from Proceeds from


Region Total Issuance of Bills and Domestic and
Bonds Foreign Loans
NCR 2,043,779 - 2,043,779
CAR 339,101 - 339,101
Region I 535,106 - 535,106
Region II 1,283,038 - 1,283,038
Region III 1,051,479 17,639 1,033,840
Region IV-A 1,719,200 - 1,719,200
Region IV-B 350,958 - 350,958
Region V 822,405 57,158 765,247
Region VI 262,033 - 262,033
Region VII 492,171 - 492,171
Region VIII 770,005 (8,528) 778,533
Region IX 785,963 16,458 769,504
Region X 748,554 86,397 662,156
Region XI 465,413 - 465,413
Region XII 227,937 - 227,937
Region XIII 442,281 345 441,936
Region XVI 977,778 163,804 813,975
ARMM 380,859 162,830 218,029
Total 13,698,059 496,103 13,201,956

48. CASH OUTFLOWS FROM FINANCING ACTIVITIES

Comparative details are shown below:

Amount
(in thousand pesos)
Particulars
Increase/
2017 2016
(Decrease)
Payment of Long-Term Liabilities 3,952,408 2,543,215 1,409,193
Retirement/Redemption of Debt Securities 45,791 137,041 (91,250)
Payment of Loan Amortization 11,002,894 10,661,106 341,789
Total 15,001,093 13,341,361 1,659,732

97
Regional breakdown of Cash Outflows from Financing Activities is as follows:

Payment of Retirement/
Payment of Loan
Region Total Long-Term Redemption of
Amortization
Liabilities Debt Securities
NCR 2,374,724 1,100,626 - 1,274,098
CAR 232,928 27,688 542 204,699
Region I 849,964 88,549 8,751 752,665
Region II 533,713 129,996 1,460 402,256
Region III 1,718,658 195,436 - 1,523,223
Region IV-A 2,341,870 645,879 - 1,695,991
Region IV-B 373,161 12,046 - 361,115
Region V 785,437 48,264 - 737,173
Region VI 442,071 56,348 - 385,722
Region VII 526,253 372,565 - 153,689
Region VIII 569,083 30,485 4 538,594
Region IX 629,972 81,591 - 548,381
Region X 797,304 135,549 1,343 660,413
Region XI 1,017,017 367,054 - 649,963
Region XII 214,142 - 16,992 197,150
Region XIII 402,997 52,668 3,811 346,518
Region XVI 692,092 346,282 - 345,811
ARMM 499,707 261,383 12,889 225,435
Total 15,001,093 3,952,408 45,791 11,002,894

98
PART III

INDIVIDUAL
FINANCIAL PROFILE
OF LOCAL
GOVERNMENT UNITS
Provinces
Republic of the Philippines
Financial Profile - Provinces
Calendar Year 2017
(in thousand pesos)
Region Financial Position Financial Performance Cash Position
1 2 Net Cash
Provinces Assets Liabilities Equity Revenue Expenses Surplus (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
CAR
Abra 2,947,681 1,033,663 1,914,018 1,215,924 948,727 267,197 323,613 310,599 634,212
Apayao 2,979,856 815,097 2,164,759 871,016 481,367 389,649 707,777 513,140 1,220,917
Benguet 3,792,623 742,572 3,050,052 1,365,703 939,816 425,888 577,263 (60,957) 516,306
Ifugao 2,268,573 748,966 1,519,607 1,015,000 684,088 330,912 745,646 331,252 1,076,898
Kalinga 1,726,512 705,846 1,020,665 1,001,376 729,010 272,366 637,075 306,325 943,401
Mountain Province 1,970,919 753,648 1,217,271 794,139 619,685 174,454 434,887 212,982 647,869
Sub-total 15,686,164 4,799,792 10,886,372 6,263,158 4,402,692 1,860,466 3,426,262 1,613,341 5,039,603

REGION I
Ilocos Norte 3,164,150 961,772 2,202,377 1,404,395 1,278,637 125,758 792,338 406,980 1,199,318
Ilocos Sur 5,745,098 1,471,051 4,274,048 1,816,124 1,528,560 287,564 2,009,255 (590,945) 1,418,310
La Union * 6,220,465 670,298 5,550,167 1,696,247 1,526,533 169,714 1,100,465 (77,122) 1,023,343
Pangasinan 9,254,510 1,997,164 7,257,346 3,774,796 2,962,189 812,607 1,796,920 487,531 2,284,451
99

Sub-total 24,384,223 5,100,286 19,283,938 8,691,562 7,295,919 1,395,644 5,698,978 226,444 5,925,422

REGION II
Batanes 855,025 366,562 488,463 392,700 326,549 66,151 295,053 116,705 411,758
Cagayan 5,482,690 700,581 4,782,110 2,269,504 911,088 1,358,416 2,358,190 1,200,984 3,559,174
Isabela 7,993,839 3,560,286 4,433,553 2,920,721 2,178,363 742,359 2,192,944 1,137,272 3,330,216
Nueva Vizcaya 4,423,298 780,822 3,642,477 1,449,889 1,118,177 331,712 1,108,127 99,032 1,207,159
Quirino 3,302,451 901,600 2,400,852 1,202,516 1,003,639 198,878 601,597 51,656 653,252
Sub-total 22,057,305 6,309,850 15,747,455 8,235,331 5,537,815 2,697,516 6,555,910 2,605,649 9,161,559

REGION III
Aurora 1,853,230 348,021 1,505,209 842,144 628,082 214,062 586,114 180,093 766,207
Bataan 5,772,823 1,319,403 4,453,420 2,681,423 1,551,774 1,129,649 1,169,011 176,051 1,345,061
Bulacan 10,451,544 2,284,677 8,166,867 5,007,180 3,262,769 1,744,411 831,581 271,007 1,102,589
Nueva Ecija 8,443,937 2,467,007 5,976,930 3,298,852 2,389,673 909,180 1,128,637 793,048 1,921,686
Pampanga 9,530,314 1,980,023 7,550,291 2,991,628 2,438,632 552,996 3,335,892 499,057 3,834,949
Tarlac 6,026,545 1,653,235 4,373,309 1,865,802 1,317,586 548,216 1,532,789 484,240 2,017,029
Zambales 10,455,483 1,918,042 8,537,441 1,401,996 964,940 437,055 597,471 278,728 876,199
Sub-total 52,533,875 11,970,407 40,563,467 18,089,025 12,553,456 5,535,569 9,181,494 2,682,225 11,863,719
Republic of the Philippines
Financial Profile - Provinces
Calendar Year 2017
(in thousand pesos)
Region Financial Position Financial Performance Cash Position
1 2 Net Cash
Provinces Assets Liabilities Equity Revenue Expenses Surplus (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

REGION IV-A
Batangas 15,568,469 2,340,384 13,228,085 3,606,968 3,067,629 539,339 1,671,353 1,188,935 2,860,288
Cavite 6,940,833 927,777 6,013,056 3,992,785 2,536,392 1,456,393 1,845,945 849,345 2,695,290
Laguna 8,563,614 2,157,461 6,406,152 3,823,915 2,809,520 1,014,395 1,673,018 645,221 2,318,239
Quezon 7,855,095 2,286,427 5,568,668 3,291,984 2,390,250 901,734 2,460,412 887,850 3,348,263
Rizal 14,020,682 1,707,418 12,313,264 4,460,684 2,449,534 2,011,150 4,465,014 1,191,387 5,656,401
Sub-total 52,948,691 9,419,467 43,529,225 19,176,336 13,253,325 5,923,011 12,115,742 4,762,739 16,878,481

REGION IV-B
Marinduque 2,017,727 669,533 1,348,195 649,465 480,079 169,386 832,006 174,286 1,006,292
Occidental Mindoro 2,223,318 847,474 1,375,844 1,439,714 1,219,761 219,953 101,823 198,145 299,968
Oriental Mindoro 5,006,185 1,513,014 3,493,170 1,552,529 1,064,713 487,816 1,181,015 614,605 1,795,620
Palawan 10,158,609 4,936,152 5,222,458 2,528,674 1,985,348 543,326 4,524,680 (60,058) 4,464,623
99

Romblon 2,541,924 676,087 1,865,837 818,419 551,077 267,342 498,230 246,176 744,406
100

Sub-total 21,947,763 8,642,259 13,305,503 6,988,800 5,300,978 1,687,822 7,137,753 1,173,154 8,310,907

REGION V
Albay 6,133,870 1,858,404 4,275,466 1,851,967 1,184,307 667,660 1,489,053 493,123 1,982,177
Camarines Norte 4,959,866 1,330,885 3,628,981 1,242,795 988,103 254,692 438,886 61,518 500,404
Camarines Sur 7,570,636 2,460,788 5,109,847 2,712,006 2,094,957 617,049 594,610 802,145 1,396,755
Catanduanes 2,021,027 767,774 1,253,253 840,555 597,446 243,109 534,337 176,284 710,621
Masbate 3,910,751 1,044,575 2,866,177 1,458,800 1,282,407 176,393 1,348,578 194,369 1,542,947
Sorsogon 2,401,460 1,248,287 1,153,173 1,383,432 1,264,462 118,970 692,955 129,242 822,197
Sub-total 26,997,610 8,710,712 18,286,898 9,489,556 7,411,682 2,077,873 5,098,420 1,856,682 6,955,101

REGION VI
Aklan 4,349,649 1,798,892 2,550,757 1,645,660 1,389,293 256,367 1,122,156 247,771 1,369,927
Antique 4,252,285 1,232,021 3,020,264 1,375,872 942,405 433,467 1,877,664 297,949 2,175,613
Capiz 4,114,958 1,080,380 3,034,578 2,099,248 1,679,865 419,383 642,371 538,135 1,180,506
Guimaras 1,532,879 428,318 1,104,561 639,179 446,204 192,975 363,919 126,014 489,933
Iloilo 10,045,404 2,891,580 7,153,824 3,264,692 2,157,406 1,107,287 3,287,993 1,041,605 4,329,597
Sub-total 24,295,175 7,431,191 16,863,984 9,024,651 6,615,173 2,409,478 7,294,103 2,251,474 9,545,576
Republic of the Philippines
Financial Profile - Provinces
Calendar Year 2017
(in thousand pesos)
Region Financial Position Financial Performance Cash Position
1 2 Net Cash
Provinces Assets Liabilities Equity Revenue Expenses Surplus (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

REGION VII
Bohol 7,630,341 3,563,004 4,067,337 2,127,958 1,429,898 698,060 2,871,738 701,767 3,573,505
Cebu 34,138,923 2,939,610 31,199,314 4,096,657 3,031,593 1,065,064 2,716,272 894,528 3,610,800
Siquijor 1,913,322 603,374 1,309,948 517,438 326,695 190,743 673,021 162,961 835,981
Sub-total 43,682,586 7,105,988 36,576,598 6,742,053 4,788,186 1,953,867 6,261,031 1,759,256 8,020,287

REGION VIII
Biliran 1,320,827 381,641 939,186 638,915 454,106 184,809 295,853 28,005 323,858
Eastern Samar 2,498,992 835,002 1,663,989 1,165,340 744,797 420,543 836,916 449,961 1,286,877
Leyte 9,311,909 2,326,326 6,985,583 2,586,647 1,378,393 1,208,254 2,011,860 894,330 2,906,190
Northern Samar 5,495,743 2,506,332 2,989,411 1,317,956 870,517 447,439 1,101,238 629,721 1,730,960
Samar 4,330,292 1,673,759 2,656,533 1,557,938 987,425 570,513 698,175 555,077 1,253,252
Southern Leyte 2,917,167 1,304,910 1,612,257 1,164,811 774,027 390,784 723,081 249,808 972,889
99

Sub-total 25,874,929 9,027,970 16,846,959 8,431,608 5,209,265 3,222,342 5,667,123 2,806,902 8,474,025
101

REGION XVI
Negros Occidental 12,889,031 5,176,994 7,712,036 5,427,491 4,448,745 978,746 3,839,591 575,391 4,414,983
Negros Oriental 8,497,437 2,079,923 6,417,514 2,186,732 1,333,844 852,888 1,802,620 1,240,304 3,042,924
Sub-total 21,386,467 7,256,917 14,129,550 7,614,223 5,782,589 1,831,634 5,642,211 1,815,696 7,457,907

REGION IX
Zamboanga Del Norte 5,283,217 2,082,866 3,200,351 2,229,828 1,577,071 652,757 805,068 520,357 1,325,425
Zamboanga Del Sur 7,381,620 1,799,750 5,581,870 2,082,625 1,323,284 759,341 1,509,287 948,431 2,457,718
Zamboanga Sibugay 2,959,617 1,424,355 1,535,261 1,348,608 1,031,718 316,889 891,951 513,253 1,405,204
Sub-total 15,624,454 5,306,972 10,317,482 5,661,061 3,932,073 1,728,988 3,206,306 1,982,041 5,188,347

REGION X
Bukidnon 9,406,778 1,969,759 7,437,019 3,308,903 2,009,295 1,299,608 2,403,409 1,621,515 4,024,924
Camiguin 1,462,238 628,028 834,210 469,970 340,376 129,593 315,676 223,344 539,020
Lanao Del Norte 4,338,648 1,114,635 3,224,013 1,405,179 816,032 589,147 1,712,813 606,824 2,319,637
Misamis Occidental 4,417,758 1,113,931 3,303,827 1,357,521 999,876 357,645 440,889 446,370 887,259
Misamis Oriental 4,721,987 1,836,463 2,885,524 1,784,170 1,467,092 317,079 600,184 667,017 1,267,201
Sub-total 24,347,409 6,662,817 17,684,592 8,325,743 5,632,670 2,693,072 5,472,971 3,565,069 9,038,040
Republic of the Philippines
Financial Profile - Provinces
Calendar Year 2017
(in thousand pesos)
Region Financial Position Financial Performance Cash Position
1 2 Net Cash
Provinces Assets Liabilities Equity Revenue Expenses Surplus (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

REGION XI
Compostela Valley 18,950,084 1,911,979 17,038,105 2,073,099 1,956,566 116,533 1,031,236 273,489 1,304,725
Davao Del Norte 5,142,543 2,067,257 3,075,286 1,633,398 1,372,408 260,989 1,037,338 630,437 1,667,775
Davao Del Sur 4,656,371 1,653,291 3,003,081 1,199,938 948,354 251,584 1,007,524 510,919 1,518,443
Davao Occidental 1,007,254 333,866 673,388 785,884 320,676 465,208 220,333 456,300 676,633
Davao Oriental 2,819,269 1,004,357 1,814,912 1,453,311 1,350,397 102,914 205,326 419,200 624,526
Sub-total 32,575,522 6,970,750 25,604,771 7,145,629 5,948,401 1,197,228 3,501,757 2,290,346 5,792,102

REGION XII
North Cotabato - - - - - - - - -
Sarangani 2,808,397 969,291 1,839,106 1,195,411 767,766 427,646 785,180 456,427 1,241,607
South Cotabato 4,640,941 1,463,949 3,176,993 1,816,062 1,343,309 472,753 1,166,639 532,986 1,699,624
Sultan Kudarat - - - - - - - - -
Sub-total 7,449,338 2,433,240 5,016,098 3,011,474 2,111,075 900,399 1,951,819 989,413 2,941,232
99
102

REGION XIII
Agusan Del Norte 2,494,159 1,030,925 1,463,235 1,184,800 929,069 255,731 738,024 580,707 1,318,732
Agusan Del Sur 6,597,523 1,656,161 4,941,362 1,990,367 1,150,459 839,908 1,712,065 623,950 2,336,016
Dinagat Islands 985,269 218,755 766,515 547,694 404,403 143,291 374,922 71,206 446,129
Surigao Del Norte 5,273,338 2,203,151 3,070,186 1,236,571 815,784 420,787 1,227,116 659,217 1,886,333
Surigao Del Sur 3,515,728 1,549,486 1,966,242 1,260,311 975,311 285,000 539,698 563,795 1,103,493
Sub-total 18,866,017 6,658,478 12,207,539 6,219,744 4,275,025 1,944,719 4,591,826 2,498,876 7,090,702

ARMM
Basilan 982,100 431,085 551,015 894,957 710,629 184,329 52,991 152,582 205,573
Lanao Del Sur - - - - - - - - -
Maguindanao - - - - - - - - -
Sulu 739,656 335,140 404,516 1,155,778 998,925 156,853 74,800 163,640 238,440
Tawi Tawi 1,436,003 19,365 1,416,638 950,722 800,304 150,418 18,862 6,926 25,788
Sub-total 3,157,759 785,590 2,372,169 3,001,457 2,509,858 491,600 146,653 323,148 469,801
GRANDTOTAL 433,815,285 114,592,685 319,222,600 142,111,412 102,560,183 39,551,229 92,950,359 35,202,453 128,152,811
1 Revenue data includes Transfers from, Assistance from, Subsidy from and Other Non-Operating Income
2 Expenses data includes Transfers to, Assistance to, Subsidy to and Losses
* La Union Province data includes the Financial Statements of La Union Medical Center
Cities
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)
NCR
Caloocan 17,010,873 7,564,686 9,446,187 5,614,706 4,052,965 1,561,742 1,275,260 1,373,976 2,649,236
Las Piñas 6,148,849 1,888,126 4,260,723 2,730,841 1,985,422 745,418 2,049,777 598,882 2,648,659
Makati 196,573,762 13,007,818 183,565,944 26,853,980 13,072,857 13,781,123 12,434,512 2,321,193 14,755,705
Malabon 2,890,892 997,898 1,892,994 1,525,615 1,149,599 376,016 495,940 436,303 932,242
Mandaluyong 6,372,185 2,344,197 4,027,988 4,670,339 3,920,429 749,910 1,568,703 671,349 2,240,052
Manila 38,676,883 19,310,470 19,366,413 12,637,599 10,602,684 2,034,915 7,995,886 2,548,976 10,544,862
Marikina 7,420,588 1,897,229 5,523,359 2,370,413 2,217,506 152,907 1,526,991 121,784 1,648,775
Muntinlupa 8,478,015 3,122,628 5,355,387 5,005,830 3,672,942 1,332,888 856,159 524,009 1,380,168
Navotas 3,071,571 507,249 2,564,322 1,197,931 968,275 229,655 471,179 (112,055) 359,125
Parañaque 8,819,820 4,460,045 4,359,776 5,134,595 3,919,199 1,215,396 1,642,632 385,870 2,028,503
Pasay 16,662,575 8,644,370 8,018,205 5,590,958 4,039,008 1,551,950 3,010,716 1,027,385 4,038,101
103

Pasig 33,703,824 3,655,861 30,047,963 10,090,816 6,334,931 3,755,886 5,062,347 3,670,043 8,732,391
Quezon 68,332,473 16,723,263 51,609,211 20,203,853 12,301,603 7,902,250 16,849,649 3,652,219 20,501,869
San Juan 4,052,288 1,254,200 2,798,087 1,625,573 1,507,548 118,025 1,187,673 73,677 1,261,349
Taguig 19,641,331 10,714,458 8,926,873 7,832,456 5,606,381 2,226,075 5,390,229 2,709,983 8,100,211
Valenzuela 8,566,848 3,685,396 4,881,452 3,736,404 3,240,399 496,005 199,548 78,231 277,778
Component Units
Pamantasan ng Lungsod ng Maynila 1,150,207 111,945 1,038,261 622,096 506,467 115,629 596,583 6,610 603,193
Quezon City General Hospital 2,460,918 221,702 2,239,216 770,769 578,991 191,778 1,249,317 200,524 1,449,841
Sub-total 450,033,902 100,111,540 349,922,362 118,214,772 79,677,203 38,537,569 63,863,103 20,288,958 84,152,061

CAR
Baguio 7,603,188 2,723,664 4,879,523 1,838,991 1,195,347 643,644 981,993 49,707 1,031,700
Tabuk 1,817,476 255,723 1,561,753 901,034 546,024 355,010 540,561 359,146 899,707
Sub-total 9,420,663 2,979,387 6,441,276 2,740,025 1,741,371 998,654 1,522,554 408,853 1,931,407

REGION I
Alaminos 1,574,894 410,002 1,164,892 565,170 495,564 69,606 267,691 (53,047) 214,644
Batac 1,992,026 308,911 1,683,115 575,761 250,116 325,646 945,656 214,153 1,159,810
Candon 1,632,890 153,356 1,479,533 541,548 456,168 85,381 452,015 (77,951) 374,064
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)
Dagupan 2,365,370 716,979 1,648,392 885,817 609,049 276,768 479,913 166,803 646,716
Laoag 1,385,723 740,873 644,850 846,563 695,890 150,674 272,456 152,868 425,324
San Carlos 1,420,905 579,204 841,701 744,704 511,557 233,147 324,161 76,935 401,096
San Fernando 1,359,541 230,891 1,128,650 725,660 525,741 199,919 335,071 147,195 482,266
Urdaneta 1,821,493 325,603 1,495,889 903,973 735,567 168,406 435,567 182,827 618,395
Vigan 1,109,756 184,766 924,990 475,298 339,270 136,028 300,507 158,615 459,122
Sub-total 14,662,597 3,650,585 11,012,012 6,264,496 4,618,921 1,645,575 3,813,038 968,399 4,781,437

REGION II
Cauayan 1,003,745 475,680 528,065 852,316 693,756 158,560 186,298 65,819 252,117
Ilagan 1,942,124 1,583,626 358,498 1,380,142 1,268,850 111,291 18,311 31,060 49,371
Santiago 4,181,463 408,901 3,772,561 1,508,873 1,109,665 399,208 1,032,232 (7,419) 1,024,813
Tuguegarao 3,250,371 832,248 2,418,123 856,337 595,244 261,093 685,837 (68,480) 617,357
103
104

Sub-total 10,377,702 3,300,454 7,077,248 4,597,667 3,667,515 930,152 1,922,678 20,980 1,943,658

REGION III
Angeles 4,471,468 1,935,094 2,536,374 2,026,073 1,518,051 508,022 897,483 369,664 1,267,147
Balanga 1,307,940 488,674 819,266 717,090 475,752 241,337 448,256 217,047 665,303
Cabanatuan 4,758,581 1,672,008 3,086,572 1,500,358 1,020,131 480,227 1,491,313 (38,124) 1,453,189
Gapan 1,245,240 495,986 749,255 542,973 456,444 86,529 192,111 39,920 232,031
Mabalacat 1,455,534 219,393 1,236,141 1,331,159 895,840 435,318 392,447 308,533 700,980
Malolos 980,871 686,009 294,862 1,042,051 884,476 157,575 60,727 78,308 139,036
Meycauyan 3,027,333 688,069 2,339,264 1,223,467 705,681 517,786 619,502 189,867 809,369
Olongapo 8,095,257 6,956,856 1,138,401 1,365,297 1,116,956 248,341 380,201 87,155 467,355
Palayan 755,424 142,706 612,718 350,496 249,988 100,508 178,324 43,825 222,149
San Fernando 3,358,803 1,111,305 2,247,497 1,560,110 1,217,466 342,644 1,184,120 283,935 1,468,055
San Jose 1,544,627 406,858 1,137,769 713,621 630,420 83,201 142,519 54,257 196,776
San Jose Del Monte 2,848,032 880,453 1,967,579 1,656,795 1,106,935 549,860 767,213 428,961 1,196,174
Science City Of Muñoz 1,406,195 392,041 1,014,154 521,597 343,054 178,543 212,706 42,115 254,821
Tarlac 3,954,253 1,142,971 2,811,283 1,430,677 963,545 467,131 298,885 411,243 710,128
Sub-total 39,209,558 17,218,422 21,991,135 15,981,764 11,584,742 4,397,022 7,265,806 2,516,706 9,782,513
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)

REGION IV-A
Antipolo 6,735,085 1,735,703 4,999,381 3,001,507 2,279,565 721,942 2,697,560 506,517 3,204,076
Bacoor 4,142,384 1,072,938 3,069,447 1,909,270 1,534,642 374,628 562,779 78,636 641,415
Batangas 6,373,806 1,511,843 4,861,963 2,476,214 1,928,097 548,116 1,486,129 484,715 1,970,844
Biñan 6,286,248 1,506,075 4,780,173 2,386,474 1,776,989 609,486 496,048 305,422 801,470
Cabuyao 4,003,211 962,272 3,040,939 1,905,521 1,647,135 258,386 1,061,380 421,833 1,483,213
Calamba 12,414,224 4,417,698 7,996,525 3,944,178 2,335,238 1,608,940 3,727,139 1,143,843 4,870,982
Cavite 1,157,867 296,779 861,087 470,837 296,964 173,873 397,295 103,275 500,571
Dasmariñas 6,431,668 975,530 5,456,138 2,527,563 1,546,901 980,662 2,139,489 767,824 2,907,313
Gen. Trias 2,467,937 440,142 2,027,796 1,667,811 1,041,288 626,523 801,417 528,302 1,329,719
Imus 3,023,402 713,149 2,310,253 1,620,830 1,261,384 359,446 529,895 195,592 725,487
Lipa 3,396,783 1,017,803 2,378,980 2,024,019 1,631,953 392,067 895,550 338,803 1,234,353
103
105

Lucena 1,849,621 563,439 1,286,182 1,169,211 902,938 266,273 406,239 115,938 522,177
San Pablo 2,356,719 297,108 2,059,611 1,542,872 903,444 639,427 68,398 142,665 211,063
San Pedro 3,142,461 714,667 2,427,793 1,208,103 804,649 403,454 635,886 302,396 938,282
Santa Rosa 8,376,021 1,726,001 6,650,020 3,657,971 2,395,374 1,262,597 1,327,550 890,284 2,217,834
Tagaytay 5,288,036 1,351,742 3,936,295 1,090,545 783,439 307,106 426,930 282,561 709,492
Tanauan 3,529,530 799,468 2,730,063 1,419,601 988,940 430,661 714,089 241,248 955,336
Tayabas 1,719,622 211,826 1,507,796 571,059 372,518 198,542 746,116 127,855 873,971
Trece Martirez 2,229,928 966,419 1,263,509 706,783 472,421 234,362 355,314 260,033 615,346
Sub-total 84,924,554 21,280,603 63,643,951 35,300,369 24,903,880 10,396,489 19,475,203 7,237,740 26,712,943

REGION IV-B
Calapan 1,462,577 430,149 1,032,428 791,248 655,379 135,868 224,838 182,091 406,929
Puerto Princesa 7,607,150 2,024,568 5,582,582 2,885,381 1,670,019 1,215,362 1,541,414 1,115,286 2,656,699
Sub-total 9,069,727 2,454,717 6,615,010 3,676,628 2,325,398 1,351,230 1,766,251 1,297,377 3,063,628

REGION V
Iriga 733,602 268,341 465,260 534,133 481,113 53,020 56,594 36,496 93,089
Legaspi 2,041,977 492,861 1,549,115 1,031,490 785,957 245,533 492,070 198,252 690,322
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)
Ligao 2,242,031 281,834 1,960,197 612,276 383,441 228,835 529,603 150,898 680,501
Masbate 1,101,600 384,465 717,135 528,923 413,512 115,411 150,799 56,575 207,374
Naga 4,675,434 632,030 4,043,403 1,205,176 953,989 251,187 924,992 241,718 1,166,710
Sorsogon 1,564,241 660,342 903,899 791,236 610,039 181,197 279,151 62,194 341,345
Tabaco 1,743,701 338,042 1,405,659 561,193 402,345 158,848 909,854 64,315 974,169
Sub-total 14,102,585 3,057,916 11,044,669 5,264,426 4,030,395 1,234,030 3,343,064 810,448 4,153,512

REGION VI
Iloilo 7,150,895 2,017,500 5,133,396 2,675,036 1,885,226 789,810 2,159,617 617,952 2,777,568
Passi 2,136,005 929,662 1,206,343 596,523 464,685 131,838 556,069 128,288 684,356
Roxas 1,619,540 305,513 1,314,026 753,854 566,589 187,265 460,383 132,994 593,377
Sub-total 10,906,440 3,252,675 7,653,765 4,025,412 2,916,500 1,108,913 3,176,068 879,233 4,055,301
103
106

REGION VII
Bogo 1,217,665 399,775 817,890 455,413 337,522 117,891 298,446 84,959 383,405
Carcar 2,173,590 883,806 1,289,784 532,637 290,045 242,592 720,386 84,120 804,506
Cebu 33,861,076 24,717,870 9,143,205 6,282,229 5,645,245 636,984 2,038,784 (421,223) 1,617,561
Danao 1,734,731 364,933 1,369,798 765,127 555,014 210,113 420,418 174,819 595,237
Lapu-Lapu 7,193,199 2,736,810 4,456,389 2,155,087 1,509,585 645,502 1,912,079 583,645 2,495,724
Mandaue 6,412,647 1,663,961 4,748,686 2,154,397 1,542,794 611,603 1,802,583 440,118 2,242,702
Naga 4,140,004 2,066,182 2,073,821 877,113 469,742 407,372 486,916 367,221 854,137
Tagbilaran 2,008,065 275,999 1,732,066 732,935 555,175 177,759 857,672 37,144 894,817
Talisay 2,162,615 370,549 1,792,067 872,323 779,479 92,844 615,631 (5,053) 610,578
Toledo 4,272,170 447,119 3,825,052 1,143,724 586,408 557,316 1,950,546 274,681 2,225,226
Sub-total 65,175,762 33,927,004 31,248,758 15,970,985 12,271,009 3,699,977 11,103,462 1,620,431 12,723,892

REGION VIII
Baybay 2,009,417 400,502 1,608,915 783,239 475,032 308,207 579,653 106,361 686,013
Borongan 1,207,627 225,367 982,260 663,675 344,258 319,417 346,067 206,935 553,001
Calbayog 2,506,762 728,161 1,778,602 1,302,527 849,265 453,261 30,818 195,878 226,696
Catbalogan 1,063,914 322,592 741,322 644,264 516,422 127,843 319,663 76,194 395,857
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)
Maasin 1,852,634 260,694 1,591,939 573,598 303,594 270,004 839,227 176,978 1,016,205
Ormoc 5,903,543 601,853 5,301,691 1,376,838 1,107,782 269,056 1,544,367 366,909 1,911,276
Tacloban 3,001,713 912,046 2,089,667 1,092,032 972,337 119,694 363,184 102,191 465,375
Sub-total 17,545,611 3,451,216 14,094,396 6,436,172 4,568,690 1,867,482 4,022,978 1,231,445 5,254,423

REGION IX
Dapitan 1,492,297 427,175 1,065,123 502,503 393,952 108,551 282,745 73,572 356,318
Dipolog 3,464,141 1,262,816 2,201,325 992,822 629,642 363,180 438,469 151,943 590,413
Pagadian 2,077,657 743,365 1,334,291 1,020,822 699,061 321,761 490,540 112,942 603,481
Zamboanga 10,232,854 1,201,501 9,031,353 3,264,695 1,821,129 1,443,566 4,058,294 1,206,440 5,264,734
Sub-total 17,266,948 3,634,856 13,632,092 5,780,842 3,543,784 2,237,058 5,270,048 1,544,897 6,814,945
103
107

REGION X
Cagayan De Oro 9,911,229 2,967,543 6,943,686 3,264,852 2,429,725 835,128 1,678,823 (110,523) 1,568,300
El Salvador 864,240 127,703 736,538 392,050 289,334 102,717 266,145 27,735 293,880
Gingoog 2,625,027 756,053 1,868,974 888,811 636,651 252,160 843,092 547,336 1,390,428
Iligan 10,269,454 6,248,700 4,020,755 1,785,447 1,380,639 404,808 2,040,867 312,695 2,353,561
Malaybalay 3,845,736 914,314 2,931,422 1,262,506 846,049 416,457 708,398 222,964 931,362
Oroquieta 1,388,299 262,685 1,125,613 527,891 402,091 125,800 162,578 53,679 216,257
Ozamiz 1,634,168 303,489 1,330,679 757,306 588,142 169,164 74,255 96,984 171,240
Tangub 1,148,652 259,172 889,480 519,216 316,633 202,583 187,517 109,320 296,837
Valencia 1,374,628 622,562 752,066 1,103,715 1,017,812 85,903 324,082 131,104 455,186
Sub-total 33,061,435 12,462,221 20,599,213 10,501,795 7,907,076 2,594,719 6,285,756 1,391,294 7,677,050

REGION XI
Davao 13,181,638 4,068,973 9,112,664 7,770,314 5,736,936 2,033,378 3,661,842 1,593,488 5,255,330
Digos 1,651,992 766,813 885,179 892,367 716,016 176,351 425,458 262,089 687,547
Island Garden City of Samal 1,565,194 457,461 1,107,733 666,761 492,387 174,375 343,244 82,430 425,674
Mati 1,423,888 583,695 840,193 941,033 778,537 162,497 141,528 55,686 197,214
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)
Panabo 2,562,614 531,318 2,031,295 1,043,183 659,823 383,360 531,178 86,901 618,078
Tagum 3,427,650 709,776 2,717,874 1,440,027 1,197,650 242,376 553,002 (15,248) 537,754
Sub-total 23,812,975 7,118,036 16,694,938 12,753,685 9,581,349 3,172,337 5,656,251 2,065,345 7,721,596

REGION XII
Cotabato - - - - - - - - -
General Santos 6,907,876 1,566,684 5,341,191 2,295,721 1,739,345 556,375 2,664,892 694,412 3,359,305
Kidapawan 1,427,082 721,524 705,557 837,224 667,074 170,150 343,577 186,586 530,163
Koronadal - - - - - - - - -
Tacurong - - - - - - - - -
Sub-total 8,334,957 2,288,208 6,046,749 3,132,944 2,406,419 726,525 3,008,469 880,999 3,889,468
103
108

REGION XIII
Bayugan 2,684,791 297,005 2,387,785 904,804 445,980 458,824 763,895 169,750 933,645
Bislig 1,619,252 473,663 1,145,589 644,901 548,458 96,443 440,587 92,286 532,872
Butuan 6,108,972 1,076,040 5,032,933 1,940,190 1,058,655 881,534 1,060,483 716,573 1,777,056
Cabadbaran 1,632,686 274,960 1,357,725 673,333 398,469 274,863 559,586 187,928 747,515
Surigao 1,434,069 396,680 1,037,389 919,413 769,176 150,237 367,727 59,515 427,242
Tandag 1,064,326 168,491 895,835 564,380 402,542 161,838 270,063 70,497 340,560
Sub-total 14,544,096 2,686,839 11,857,257 5,647,020 3,623,281 2,023,740 3,462,341 1,296,549 4,758,890

REGION XVI
Bacolod 4,811,929 1,320,143 3,491,786 1,978,368 1,733,052 245,316 746,038 298,137 1,044,175
Bago 2,187,886 595,740 1,592,147 858,130 712,520 145,610 473,428 117,348 590,776
Bais 2,497,029 590,027 1,907,002 619,886 369,687 250,199 699,651 157,083 856,735
Bayawan 2,659,507 932,671 1,726,836 941,471 763,771 177,699 588,991 468,441 1,057,432
Cadiz 2,723,479 1,011,982 1,711,497 909,382 686,722 222,661 327,646 107,961 435,607
Canlaon 1,084,646 184,570 900,076 444,019 334,802 109,216 166,390 63,095 229,485
Dumaguete 2,438,000 587,891 1,850,109 760,505 489,921 270,584 554,315 247,717 802,032
Escalante 1,353,327 419,279 934,049 519,138 378,675 140,463 217,563 33,450 251,013
Republic of the Philippines
Financial Profile - Cities
Calendar Year 2017
(in thousand pesos)

Region Financial Position Financial Performance Cash Position


1
Net Cash
2 Surplus Cash Bal.
Cities Assets Liabilities Equity Revenue Expenses Provided by Cash Bal. End
(Deficit) Beg.
(Used In)
Guihulngan 1,994,149 490,217 1,503,932 689,614 457,285 232,329 966,042 123,499 1,089,540
Himamaylan 2,079,011 711,119 1,367,892 686,735 508,422 178,313 249,529 97,207 346,736
Kabankalan 3,701,578 936,065 2,765,514 1,110,702 706,932 403,770 1,048,432 265,771 1,314,204
La Carlota 1,169,997 279,655 890,342 542,792 396,351 146,441 182,264 120,245 302,509
Sagay 2,006,408 1,093,210 913,198 870,243 687,080 183,163 146,914 103,112 250,026
San Carlos 2,737,974 527,998 2,209,975 1,205,861 903,156 302,705 735,898 92,513 828,411
Silay 995,891 497,039 498,852 700,852 610,953 89,899 148,629 115,111 263,740
Sipalay 1,754,969 519,193 1,235,776 581,045 426,473 154,573 163,067 33,473 196,540
Talisay 1,723,207 603,704 1,119,503 681,786 564,365 117,421 557,472 156,276 713,749
Tanjay 1,750,159 266,836 1,483,323 541,590 371,687 169,903 628,875 81,551 710,426
Victorias 1,915,138 596,724 1,318,413 657,300 491,298 166,002 652,621 78,412 731,033
Sub-total 41,584,285 12,164,062 29,420,223 15,299,419 11,593,154 3,706,266 9,253,764 2,760,404 12,014,168
103
109

ARMM
Isabela 1,070,864 127,184 943,679 537,335 393,040 144,295 150,343 46,836 197,178
Lamitan 1,414,119 944,392 469,727 498,509 381,909 116,600 195,265 2,855 198,120
Marawi - - - - - - - - -
Sub-total 2,484,983 1,071,576 1,413,406 1,035,845 774,949 260,896 345,608 49,690 395,298
GRANDTOTAL 866,518,781 236,110,319 630,408,463 272,624,268 191,735,635 80,888,633 154,556,443 47,269,748 201,826,192
1
Revenue data includes Transfers from, Assistance from, Subsidy from and Other Non-Operating Income
2
Expenses data includes Transfers to, Assistance to, Subsidy to and Losses
Municipalities
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
NCR

1 Pateros 401,004 149,822 251,181 216,493 189,159 27,334 157,096 47,990 205,086
Total 401,004 149,822 251,181 216,493 189,159 27,334 157,096 47,990 205,086

CAR

Abra
1 Baay-Licuan 137,497 47,099 90,398 70,752 54,489 16,264 35,644 (4,119) 31,525
2 Bangued 362,160 47,267 314,892 314,367 178,618 135,748 15,257 124,078 139,335
3 Boliney - - - - - - - - -
4 Bucay 163,055 47,203 115,852 69,060 56,364 12,696 14,244 (1,213) 13,031
5 Bucloc - - - - - - - - -
6 Daguioman 80,863 5,278 75,585 47,322 36,134 11,188 8,329 2,310 10,639
110

7 Danglas 110,983 63,674 47,308 56,638 46,636 10,002 31,656 (10,976) 20,680
8 Dolores - - - - - - - - -
9 La Paz 120,533 60,668 59,865 59,011 54,641 4,370 16,767 (6,417) 10,351
10 Lacub 84,983 24,446 60,537 74,471 74,159 313 16,302 (10,880) 5,422
11 Lagangilang - - - - - - - - -
12 Lagayan 86,871 39,680 47,192 64,774 50,611 14,163 3,104 13,037 16,140
13 Langiden 50,934 16,442 34,492 64,964 43,721 21,243 2,404 17,268 19,671
14 Luba 364,204 12,234 351,970 227,942 62,056 165,886 74,387 136,952 211,339
15 Malibcong - - - - - - - - -
16 Manabo - - - - - - - - -
17 Peñarrubia 216,335 39,499 176,836 48,141 36,637 11,505 16,455 9,815 26,270
18 Pidigan - - - - - - - - -
19 Pilar - - - - - - - - -
20 Sal-lapadan 80,707 12,111 68,596 56,695 53,256 3,439 9,805 (3,801) 6,005
21 San Isidro 318,646 42,356 276,290 247,836 39,111 208,726 12,307 194,413 206,721
22 San Juan 136,519 27,489 109,030 53,651 45,988 7,664 6,181 3,093 9,273
23 San Quintin 364,305 134,921 229,384 141,316 40,672 100,644 21,154 96,540 117,694
24 Tayum 179,423 36,122 143,302 63,503 46,311 17,192 12,100 201 12,301
25 Tineg - - - - - - - - -
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
26 Tubo - - - - - - - - -
27 Villaviciosa 570,802 41,862 528,940 413,514 47,975 365,539 32,988 317,418 350,406
Sub-Total 3,428,820 698,349 2,730,471 2,073,958 967,379 1,106,580 329,085 877,717 1,206,803

Ifugao
1 Aguinaldo 262,441 54,680 207,761 133,079 102,849 30,230 137,866 15,425 153,291
2 Alfonso Lista 286,300 89,624 196,676 186,259 138,852 47,407 96,441 (351) 96,089
3 Asipulo 179,417 40,437 138,980 92,327 56,873 35,455 22,210 23,466 45,677
4 Banaue 152,618 40,649 111,969 91,068 72,341 18,726 56,823 16,203 73,026
5 Hingyon 115,916 15,912 100,004 51,669 37,801 13,868 37,866 (3,338) 34,529
6 Hungduan 187,306 42,766 144,541 88,872 73,624 15,248 65,343 3,122 68,465
7 Kiangan 174,489 52,397 122,093 85,819 67,563 18,255 38,455 26,013 64,468
8 Lagawe 124,360 43,544 80,815 97,903 81,107 16,796 39,545 (1,991) 37,553
9 Lamut 241,912 32,022 209,890 97,616 75,452 22,165 63,964 12,084 76,048
111
110

10 Mayoyao 158,610 46,553 112,057 90,924 62,831 28,093 62,512 (210) 62,302
11 Tinoc 200,664 81,707 118,957 87,007 60,109 26,898 78,485 4,492 82,977
Sub-Total 2,084,033 540,289 1,543,745 1,102,544 829,401 273,142 699,512 94,914 794,426

Apayao
1 Calanasan 477,097 101,740 375,356 225,194 140,902 84,292 178,722 51,175 229,896
2 Conner 270,217 39,844 230,374 166,084 129,128 36,956 48,804 18,401 67,205
3 Flora 232,704 109,967 122,736 108,466 79,335 29,131 46,564 43,118 89,682
4 Kabugao 256,285 89,747 166,538 181,273 146,113 35,160 41,759 (6,005) 35,754
5 Luna 281,136 67,614 213,523 149,007 92,097 56,910 135,217 21,560 156,777
6 Pudtol 179,312 64,277 115,036 102,816 79,846 22,970 90,954 6,909 97,863
7 Sta. Marcela 172,939 79,497 93,442 81,289 67,368 13,920 45,280 14,640 59,920
Sub-Total 1,869,690 552,686 1,317,005 1,014,129 734,789 279,340 587,300 149,798 737,097

Kalinga
1 Balbalan 281,961 74,100 207,862 124,445 74,203 50,241 100,193 23,564 123,756
2 Lubuagan 236,380 112,926 123,454 106,153 58,873 47,280 84,574 30,601 115,175
3 Pasil 53,224 26,865 26,360 69,750 62,052 7,698 19,888 10,976 30,864
4 Pinukpuk - - - - - - - - -
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
5 Rizal 166,934 68,203 98,731 90,689 56,950 33,739 53,118 13,399 66,516
6 Tanudan 191,802 26,144 165,659 85,533 68,323 17,210 37,787 1,533 39,320
7 Tinglayan 113,404 36,920 76,484 104,492 87,256 17,236 70,098 1,092 71,190
Sub-Total 1,043,707 345,157 698,550 581,062 407,658 173,405 365,657 81,164 446,821

Benguet
1 Atok 220,844 45,201 175,643 91,674 62,503 29,171 115,221 7,881 123,102
2 Bakun 162,141 37,606 124,535 106,642 74,447 32,195 68,614 (2,035) 66,578
3 Bokod 381,541 97,507 284,035 140,713 107,104 33,609 215,373 27,583 242,956
4 Buguias - - - - - - - - -
5 Itogon 533,468 217,118 316,350 249,662 174,701 74,961 161,465 2,473 163,938
6 Kabayan 153,258 59,844 93,414 90,774 65,143 25,631 62,907 17,074 79,981
7 Kapangan 182,355 44,110 138,245 100,148 86,139 14,009 62,873 (1,538) 61,335
8 Kibungan 159,565 58,181 101,384 93,856 79,698 14,158 69,787 1,242 71,028
110
112

9 La Trinidad 673,765 160,924 512,840 442,554 303,340 139,214 339,579 108,302 447,882
10 Mankayan 242,896 52,208 190,688 113,065 95,877 17,188 171,751 29,167 200,917
11 Sablan 152,857 36,255 116,602 69,709 51,634 18,075 57,869 5,166 63,035
12 Tuba 433,366 73,003 360,362 174,072 124,367 49,706 113,343 34,927 148,270
13 Tublay 125,758 40,904 84,854 75,012 54,599 20,412 39,343 15,511 54,854
Sub-Total 3,421,813 922,862 2,498,951 1,747,881 1,279,551 468,330 1,478,125 245,752 1,723,877

Mt. Province
1 Barlig 137,290 45,066 92,224 68,663 52,449 16,215 64,327 10,127 74,454
2 Bauko 96,440 38,059 58,380 137,913 132,624 5,289 24,408 24,908 49,316
3 Besao 166,396 32,274 134,122 65,056 50,228 14,828 41,599 829 42,428
4 Bontoc 264,150 137,279 126,871 146,702 116,328 30,374 94,457 36,624 131,080
5 Natonin 54,711 25,950 28,761 82,375 73,788 8,587 16,748 20,324 37,072
6 Paracelis 183,559 65,676 117,883 155,976 135,697 20,280 89,864 13,859 103,723
7 Sabangan 148,359 48,414 99,945 67,636 47,059 20,577 43,466 26,423 69,889
8 Sadanga 121,729 32,731 88,998 61,977 48,179 13,798 69,115 343 69,458
9 Sagada 123,358 34,315 89,043 66,596 53,242 13,354 75,851 14,006 89,857
10 Tadian 125,909 48,299 77,610 84,205 74,081 10,124 53,865 7,275 61,141
Sub-Total 1,421,901 508,064 913,838 937,100 783,674 153,426 573,700 154,720 728,419
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
REGIONAL TOTAL 13,269,965 3,567,406 9,702,559 7,456,673 5,002,451 2,454,222 4,033,378 1,604,065 5,637,443

Region I

La Union
1 Agoo 906,822 213,253 693,569 246,524 192,693 53,831 176,601 18,114 194,715
2 Aringay 282,334 57,470 224,864 132,560 117,373 15,187 82,351 (4,436) 77,916
3 Bacnotan 730,958 134,782 596,175 166,416 123,172 43,245 188,804 10,956 199,760
4 Baguilin 128,092 31,442 96,650 64,893 47,276 17,616 60,192 390 60,582
5 Balaoan 336,005 84,153 251,852 124,306 146,845 (22,539) 379,704 (179,547) 200,157
6 Bangar 457,645 60,299 397,347 121,328 65,434 55,894 104,929 13,409 118,337
7 Bauang 742,534 194,021 548,513 289,855 221,678 68,177 191,300 34,832 226,133
8 Burgos 172,831 30,899 141,932 57,570 68,967 (11,396) 56,846 (4,137) 52,709
9 Caba 189,057 23,888 165,169 72,754 60,600 12,154 38,726 (7,493) 31,234
110
113

10 Luna 170,140 25,935 144,205 98,576 67,076 31,500 85,949 4,654 90,602
11 Naguilian 544,432 168,925 375,508 173,778 115,057 58,721 119,844 (5,189) 114,654
12 Pugo 258,040 92,250 165,790 72,908 47,755 25,154 75,458 14,204 89,662
13 Rosario 273,234 105,368 167,866 192,712 169,354 23,357 73,364 21,022 94,386
14 San Gabriel 173,128 54,014 119,114 79,930 53,718 26,212 73,997 7,527 81,525
15 San Juan 395,973 185,322 210,651 129,538 110,903 18,635 56,187 76,328 132,515
16 Santo Tomas 503,352 71,368 431,983 107,297 65,329 41,968 113,147 30,580 143,726
17 Santol 360,362 25,086 335,276 209,911 57,135 152,776 20,511 150,772 171,283
18 Sudipen 155,168 79,169 75,998 92,023 159,320 (67,297) 124,762 (48,777) 75,986
19 Tubao 125,306 31,163 94,143 125,501 106,541 18,960 20,881 4,054 24,935
Sub-Total 6,905,414 1,668,808 5,236,606 2,558,380 1,996,225 562,154 2,043,554 137,263 2,180,817

Pangasinan
1 Agno 242,509 79,974 162,535 103,218 76,568 26,649 52,877 11,003 63,880
2 Aguilar 313,592 23,548 290,045 126,779 99,448 27,331 62,240 13,375 75,615
3 Alcala 241,130 20,480 220,650 114,007 110,151 3,857 58,286 (27,436) 30,849
4 Anda 257,612 51,194 206,419 110,407 82,653 27,754 59,124 5,470 64,594
5 Asingan 298,550 87,447 211,103 141,646 118,017 23,630 76,636 6,734 83,370
6 Balungao 244,657 26,449 218,208 103,953 76,765 27,188 39,503 7,901 47,404
7 Bani 184,798 54,970 129,829 145,193 125,302 19,891 63,987 8,428 72,414
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
8 Basista 86,757 14,952 71,805 87,179 69,231 17,948 21,413 8,079 29,491
9 Bautista 152,422 13,228 139,194 86,975 69,422 17,553 18,718 7,840 26,559
10 Bayambang 539,637 199,123 340,514 341,217 286,219 54,998 87,573 (5,321) 82,252
11 Binalonan 510,889 93,191 417,698 180,677 147,385 33,293 105,098 23,534 128,632
12 Binmaley 477,631 166,004 311,627 184,770 125,185 59,585 61,263 26,227 87,490
13 Bolinao 518,772 164,779 353,992 248,404 178,981 69,422 184,504 60,543 245,047
14 Bugallon 258,326 77,689 180,637 188,929 159,876 29,053 44,838 2,930 47,768
15 Burgos 189,084 35,680 153,405 92,492 75,043 17,450 28,259 12,313 40,572
16 Calasiao 506,857 134,124 372,733 268,375 206,738 61,637 33,400 27,079 60,480
17 Dasol 340,464 88,437 252,026 106,831 84,610 22,220 72,829 42,813 115,642
18 Infanta 237,598 74,193 163,405 114,138 98,181 15,958 31,895 6,980 38,874
19 Labrador 198,268 30,251 168,018 83,860 67,066 16,794 37,689 (585) 37,104
20 Laoac 360,900 53,626 307,274 87,872 75,970 11,902 45,665 15,370 61,036
114

21 Lingayen 413,645 67,849 345,796 290,158 231,883 58,275 78,530 13,140 91,670
110

22 Mabini 166,068 61,813 104,255 115,345 108,817 6,529 22,074 5,233 27,307
23 Malasiqui 486,360 80,649 405,711 284,108 215,719 68,388 124,869 8,042 132,911
24 Manaoag 331,791 70,142 261,649 182,892 118,174 64,718 59,941 37,919 97,861
25 Mangaldan 484,933 94,420 390,512 252,631 195,850 56,781 133,683 15,656 149,339
26 Mangatarem 431,572 140,708 290,864 203,151 140,713 62,438 76,136 60,379 136,514
27 Mapandan 243,600 34,317 209,284 99,989 95,214 4,775 39,665 (11,492) 28,173
28 Natividad 194,052 68,572 125,480 88,947 60,089 28,857 50,904 (15,259) 35,644
29 Pozorrubio 695,244 62,203 633,040 201,166 144,335 56,830 129,874 58,835 188,709
30 Rosales 687,737 69,677 618,061 232,313 191,853 40,460 52,518 10,274 62,792
31 San Fabian 131,028 29,972 101,055 178,956 165,816 13,139 45,179 (6,548) 38,632
32 San Jacinto 181,419 65,399 116,020 117,704 85,208 32,496 92,419 31,123 123,542
33 San Manuel 415,386 129,061 286,324 197,490 171,797 25,692 39,553 (109) 39,444
34 San Nicolas 168,874 98,260 70,614 139,353 120,728 18,624 8,366 9,651 18,017
35 San Quintin 153,256 30,518 122,739 104,322 100,601 3,721 39,306 15,371 54,677
36 Sison 476,560 153,067 323,493 136,581 94,302 42,279 139,665 (5,680) 133,985
37 Sta. Barbara 539,423 140,486 398,937 217,211 173,830 43,381 69,757 52,903 122,659
38 Sta. Maria 260,749 16,021 244,728 94,889 78,192 16,697 39,847 422 40,268
39 Sto. Tomas 171,994 18,754 153,240 56,507 50,294 6,213 41,970 (458) 41,512
40 Sual 2,528,533 1,645,882 882,651 380,159 223,379 156,780 114,958 118,392 233,350
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
41 Tayug 186,035 38,078 147,957 131,653 102,586 29,068 63,997 9,801 73,798
42 Umingan 304,451 99,909 204,542 216,975 184,263 32,712 56,828 16,645 73,473
43 Urbiztondo 214,796 82,002 132,794 147,211 87,869 59,343 18,220 33,406 51,625
44 Villasis 538,811 54,296 484,515 190,780 174,812 15,967 97,895 (7,374) 90,522
Sub-total 16,566,773 4,841,396 11,725,377 7,177,412 5,649,135 1,528,276 2,821,950 703,549 3,525,499

Ilocos Sur
1 Alilem 258,647 82,943 175,704 59,288 44,926 14,362 131,696 (1,178) 130,518
2 Banayoyo 389,447 85,199 304,247 49,583 38,513 11,070 187,634 (45,688) 141,947
3 Bantay 475,600 74,260 401,340 131,385 90,072 41,313 46,168 2,054 48,222
4 Burgos 487,187 50,394 436,793 64,819 55,660 9,159 253,996 (49,967) 204,029
5 Cabugao 834,870 151,649 683,222 152,701 126,516 26,185 269,436 (103,782) 165,654

6 Caoayan 227,549 61,960 165,589 68,412 57,267 11,146 47,741 (7,223) 40,518
115
110

7 Cervantes 314,436 91,450 222,986 92,530 76,891 15,638 48,463 (18,844) 29,619
8 G. Del Pilar 279,909 36,550 243,360 56,022 43,717 12,305 131,107 (59,585) 71,522
9 Galimuyod 324,115 56,700 267,414 50,738 54,287 (3,550) 153,913 (47,064) 106,849
10 Lidlidda 313,331 96,614 216,716 41,529 45,836 (4,306) 127,454 (36,798) 90,656
11 Magsingal 573,619 71,753 501,866 137,095 93,258 43,838 149,848 (103,058) 46,791
12 Nagbukel 225,278 25,040 200,238 89,256 38,380 50,876 89,429 (26,283) 63,146
13 Narvacan 1,626,575 184,093 1,442,482 781,136 198,786 582,350 108,579 482,722 591,301
14 Quirino 401,736 93,913 307,823 93,732 66,186 27,546 50,375 7,947 58,322
15 Salcedo 496,239 120,750 375,489 63,378 59,181 4,197 222,985 (42,509) 180,476
16 San Emilio 401,487 78,420 323,067 61,400 52,273 9,128 246,205 (123,336) 122,870
17 San Esteban 615,893 23,231 592,662 301,824 44,567 257,256 90,978 179,119 270,097
18 San Ildefonso 264,427 53,201 211,225 55,073 37,516 17,557 70,144 (14,960) 55,184
19 San Juan 681,998 124,303 557,695 91,426 82,545 8,880 257,677 (65,543) 192,133
20 San Vicente 81,919 20,040 61,879 53,139 44,221 8,918 20,932 (401) 20,531
21 Santa 255,871 35,002 220,868 69,466 70,418 (952) 27,656 3,049 30,706
22 Santiago 465,745 47,348 418,397 66,201 64,465 1,736 204,424 (151,793) 52,631
23 Sigay 333,013 36,579 296,434 43,890 33,560 10,329 146,242 (32,415) 113,827
24 Sinait 685,885 117,139 568,746 102,463 83,313 19,150 335,135 (81,846) 253,289
25 Sta. Catalina 167,489 60,433 107,055 91,288 51,910 39,378 56,767 (12,308) 44,459
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
26 Sta. Cruz 697,809 127,004 570,806 121,229 118,632 2,597 305,981 (124,001) 181,980
27 Sta. Lucia 443,305 57,128 386,177 84,128 82,811 1,317 219,266 (85,622) 133,644
28 Sta. Maria 911,362 118,304 793,057 193,865 82,848 111,017 299,660 (57,495) 242,165
29 Sto. Domingo 438,714 51,116 387,598 92,955 72,430 20,526 108,783 (28,692) 80,091
30 Sugpon 195,403 58,203 137,201 43,478 32,266 11,212 126,018 (13,025) 112,993
31 Suyo 249,169 47,373 201,795 66,441 62,523 3,918 56,442 (10,607) 45,835
32 Tagudin 349,007 57,857 291,150 136,606 138,814 (2,208) 94,123 (32,541) 61,582
Sub-Total 14,467,033 2,395,951 12,071,081 3,606,476 2,244,590 1,361,887 4,685,261 (701,672) 3,983,589

Ilocos Norte
1 Adams 172,143 42,848 129,295 53,688 50,239 3,450 65,485 (8,965) 56,519
2 Bacarra 229,295 50,697 178,598 143,452 97,793 45,660 49,824 12,283 62,106
3 Badoc 435,223 89,405 345,818 106,985 157,958 (50,973) 141,701 (49,974) 91,728
4 Bangui 308,116 111,809 196,307 116,137 78,892 37,245 145,114 15,788 160,902
110
116

5 Banna 381,629 98,250 283,379 78,064 66,229 11,835 145,644 (20,525) 125,119
6 Burgos 519,898 257,567 262,330 131,570 86,610 44,960 270,497 35,937 306,434
7 Carasi 125,791 29,543 96,247 42,735 35,146 7,590 53,084 (1,781) 51,303
8 Currimao 270,667 52,007 218,660 61,369 54,644 6,725 57,573 3,995 61,567
9 Dingras 264,330 89,697 174,633 120,855 113,310 7,544 54,820 12,759 67,580
10 Dumalneg 108,779 18,722 90,057 46,273 37,302 8,970 49,099 (6,037) 43,061
11 Marcos 359,596 117,573 242,023 69,114 56,859 12,255 123,957 (32,606) 91,351
12 Nueva Era 527,506 165,007 362,499 115,095 79,940 35,155 116,050 24,785 140,834
13 Pagudpud 566,231 252,883 313,347 151,430 105,294 46,137 285,065 51,492 336,557
14 Paoay 328,161 163,832 164,329 115,307 69,170 46,138 51,464 50,895 102,359
15 Pasuquin 343,381 107,727 235,655 128,512 78,903 49,609 69,370 23,572 92,942
16 Piddig 410,774 205,973 204,801 111,601 77,393 34,209 35,336 52,700 88,036
17 Pinili 372,257 44,508 327,749 72,412 71,169 1,244 190,613 (102,199) 88,414
18 San Nicolas 685,892 175,595 510,297 162,257 118,369 43,888 235,364 40,972 276,337
19 Sarrat 370,832 55,521 315,311 110,189 64,585 45,604 150,951 (10,451) 140,501
20 Solsona 326,920 67,333 259,587 104,924 85,192 19,732 170,631 (35,004) 135,627
21 Vintar 431,853 116,440 315,412 171,030 129,564 41,466 96,535 33,267 129,801
Sub-Total 7,539,275 2,312,940 5,226,335 2,213,001 1,714,560 498,441 2,558,178 90,901 2,649,079
REGIONAL TOTAL 45,478,494 11,219,095 34,259,399 15,555,268 11,604,510 3,950,758 12,108,942 230,041 12,338,984
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Region II

Batanes
1 Basco 128,969 72,054 56,915 64,311 56,486 7,825 59,784 16,383 76,167
2 Itbayat 75,905 51,714 24,190 46,974 42,716 4,258 41,000 9,046 50,046
3 Ivana 52,706 20,899 31,807 35,568 34,967 601 25,520 (2,319) 23,201
4 Mahatao 65,798 30,618 35,181 32,057 30,910 1,147 45,734 (3,421) 42,313
5 Sabtang 78,840 59,566 19,274 43,420 42,613 807 27,586 8,067 35,654
6 Uyugan 64,587 43,768 20,819 33,934 27,943 5,991 34,186 14,242 48,428
Sub-Total 466,805 278,620 188,185 256,265 235,636 20,629 233,811 41,998 275,809

Cagayan
1 Abulug 287,438 104,590 182,848 109,352 84,863 24,490 41,198 10,636 51,834
2 Alcala 202,405 53,979 148,425 115,720 108,339 7,381 73,431 (15,809) 57,622
110
117

3 Allacapan 187,497 29,993 157,504 130,456 97,037 33,420 81,838 2,001 83,839
4 Amulung 507,839 141,926 365,913 140,198 97,878 42,320 235,831 74,141 309,972
5 Aparri 603,374 98,003 505,371 197,712 114,245 83,467 214,237 70,244 284,481
6 Baggao 611,189 102,087 509,102 302,503 199,415 103,088 202,573 73,451 276,024
7 Ballesteros 221,146 65,343 155,803 103,374 81,824 21,551 65,610 36,728 102,338
8 Buguey 182,212 61,147 121,065 105,040 93,003 12,037 11,415 5,704 17,119
9 Calayan 290,341 113,739 176,602 126,541 102,112 24,429 57,635 27,666 85,301
10 Camalaniugan 115,738 59,987 55,751 93,415 74,878 18,537 49,275 (2,221) 47,054
11 Claveria 221,521 57,392 164,129 115,409 91,643 23,767 105,155 19,159 124,315
12 Enrile 214,448 86,409 128,038 132,047 117,332 14,716 35,770 8,761 44,531
13 Gattaran 369,993 55,845 314,148 231,382 176,411 54,972 118,274 21,492 139,766
14 Gonzaga 492,633 84,587 408,046 188,799 157,035 31,764 134,905 25,003 159,909
15 Iguig 170,087 63,640 106,446 94,659 75,964 18,694 12,939 4,288 17,227
16 Lallo 424,961 256,783 168,179 264,444 226,560 37,884 138,799 2,567 141,366
17 Lasam 192,054 24,932 167,122 126,042 91,175 34,867 26,718 7,115 33,833
18 Pamplona 255,037 71,963 183,074 90,744 68,101 22,643 125,893 23,786 149,679
19 Peñablanca 342,269 12,634 329,635 270,652 213,006 57,646 39,873 42,788 82,661
20 Piat 211,438 43,919 167,519 95,453 66,186 29,266 96,006 18,896 114,902
21 Rizal 101,853 32,234 69,619 73,877 62,089 11,788 4,560 17,768 22,328
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
22 Sanchez Mira 222,368 67,377 154,991 106,498 82,339 24,159 82,552 7,498 90,050
23 Solana 546,556 209,113 337,443 203,867 160,383 43,485 90,138 2,833 92,971
24 Sta. Ana 352,259 105,333 246,927 161,555 127,637 33,918 111,765 24,808 136,573
25 Sta. Praxedes 101,835 18,531 83,304 52,186 43,520 8,666 21,330 8,586 29,916
26 Sta. Teresita 120,968 28,174 92,793 90,558 68,485 22,073 41,964 10,424 52,388
27 Sto. Niño 267,497 64,420 203,077 140,411 107,991 32,420 46,294 26,201 72,495
28 Tuao 342,590 45,860 296,730 168,738 127,270 41,468 96,295 32,627 128,922
Sub-Total 8,159,544 2,159,939 5,999,605 4,031,633 3,116,718 914,915 2,362,273 587,142 2,949,415

Isabela
1 Alicia 297,459 141,425 156,034 204,214 170,721 33,493 103,173 41,712 144,885
2 Angadanan 465,171 76,043 389,128 127,806 125,230 2,576 64,556 36,543 101,099
3 Aurora 263,022 84,211 178,811 174,562 150,843 23,719 97,297 (9,489) 87,807
4 Benito Soliven 159,558 62,557 97,001 103,018 86,742 16,276 17,804 (8,065) 9,739
110
118

5 Burgos 295,097 150,261 144,836 77,301 58,960 18,341 63,269 56,356 119,625
6 Cabagan 267,252 154,020 113,232 173,680 134,532 39,149 103,201 16,470 119,672
7 Cabatuan 170,370 81,751 88,619 121,213 100,890 20,323 36,861 4,318 41,179
8 Cordon 186,186 71,514 114,672 135,139 115,455 19,684 13,016 11,872 24,887
9 Delfin Albano 170,778 59,048 111,731 110,612 91,399 19,214 64,367 12,540 76,908
10 Dinapigue 200,183 54,120 146,063 156,753 142,943 13,810 7,707 3,084 10,791
11 Divilacan 289,617 96,210 193,406 146,642 124,751 21,891 97,559 49,700 147,259
12 Echague 761,483 232,515 528,968 307,916 263,497 44,419 145,593 (11,119) 134,474
13 Gamu 130,063 51,805 78,257 93,833 83,051 10,782 40,593 11,340 51,933
14 Jones 521,018 125,900 395,118 235,146 184,033 51,112 39,813 4,243 44,056
15 Luna 143,257 77,768 65,489 82,402 82,947 (544) 19,040 291 19,331
16 Maconacon 168,041 34,970 133,071 110,525 91,601 18,924 43,510 19,447 62,957
17 Mallig 280,593 66,056 214,537 99,405 86,956 12,449 34,697 (13,200) 21,496
18 Naguilian 121,555 34,093 87,461 109,138 86,092 23,046 53,492 (146) 53,346
19 Palanan 158,052 16,401 141,650 200,500 181,492 19,008 20,593 11,431 32,024
20 Quezon 188,006 51,904 136,101 117,569 103,263 14,307 36,028 38,491 74,519
21 Quirino 300,587 144,368 156,219 100,669 87,234 13,435 92,861 36,988 129,849
22 Ramon 292,595 107,239 185,356 180,520 151,453 29,068 61,627 7,981 69,608
23 Reina Mercedes 112,299 46,868 65,430 89,166 87,834 1,332 5,154 6,945 12,099
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
24 Roxas 373,939 137,643 236,296 214,738 199,651 15,088 54,209 (4,577) 49,633
25 San Agustin 200,591 78,504 122,087 106,534 86,480 20,055 49,654 (4,727) 44,926
26 San Guillermo 189,967 64,868 125,098 107,804 80,160 27,644 61,370 38,624 99,994
27 San Isidro 335,523 62,176 273,347 78,096 67,457 10,639 34,280 14,006 48,286
28 San Manuel 275,048 108,117 166,931 99,257 91,332 7,924 40,711 30,019 70,730
29 San Mariano 596,764 162,712 434,052 401,999 297,756 104,243 115,297 21,593 136,889
30 San Mateo 405,432 90,210 315,223 195,403 179,486 15,917 56,366 27,583 83,949
31 San Pablo 266,801 69,076 197,725 156,183 103,822 52,361 74,304 7,044 81,348
32 Sta. Maria 113,494 30,643 82,851 121,641 102,324 19,318 9,284 14,119 23,402
33 Sto. Tomas - - - - - - - - -
34 Tumauini 492,360 220,922 271,437 231,816 198,597 33,219 69,163 (25,356) 43,807
Sub-Total 9,192,161 3,045,921 6,146,240 4,971,202 4,198,980 772,222 1,826,448 446,060 2,272,508

Nueva Viscaya
110
119

1 A. Castaneda 421,415 96,918 324,496 104,205 108,319 (4,114) 23,666 49,537 73,202
2 Ambaguio 85,911 45,687 40,224 72,296 61,516 10,780 15,547 20,485 36,031
3 Aritao 255,163 47,356 207,807 160,327 147,785 12,541 98,448 8,797 107,245
4 Bagabag 241,926 58,314 183,612 125,003 95,355 29,648 99,081 27,264 126,345
5 Bambang 380,856 93,855 287,001 198,531 144,744 53,787 137,906 56,614 194,520
6 Bayombong 257,849 85,812 172,037 167,488 134,826 32,662 120,698 36,657 157,355
7 Diadi 129,004 56,137 72,867 83,248 80,738 2,511 25,551 7,559 33,109
8 Dupax del Norte 218,217 55,458 162,759 123,243 103,920 19,323 95,754 14,301 110,056
9 Dupax del Sur 257,404 52,892 204,512 141,548 90,561 50,986 149,115 18,046 167,161
10 Kasibu 466,810 66,520 400,290 254,430 128,746 125,684 219,196 112,225 331,420
11 Kayapa 224,070 41,475 182,596 131,199 102,523 28,675 123,413 967 124,380
12 Quezon 141,991 43,670 98,321 127,190 92,183 35,007 43,596 17,764 61,361
13 Solano 557,832 96,486 461,345 239,861 169,751 70,110 154,865 26,017 180,882
14 Sta. Fe 134,897 33,573 101,324 110,278 89,812 20,466 29,333 14,550 43,883
15 Villaverde 134,113 42,908 91,206 73,085 61,000 12,085 46,253 13,508 59,761
Sub-Total 3,907,458 917,062 2,990,397 2,111,931 1,611,779 500,152 1,382,421 424,291 1,806,712

Quirino
1 Aglipay 156,915 42,268 114,646 105,929 82,480 23,448 32,211 5,166 37,377
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
2 Cabarroguis 222,025 55,952 166,073 180,701 138,452 42,249 74,158 12,512 86,670
3 Diffun 402,153 136,338 265,815 168,540 116,394 52,147 119,037 38,024 157,061
4 Maddela 405,067 133,841 271,226 233,676 180,100 53,576 69,640 40,844 110,484
5 Nagtipunan 511,391 91,243 420,148 351,823 231,997 119,826 147,888 48,317 196,204
6 Saguday 43,625 26,984 16,641 65,090 61,182 3,909 9,189 12,248 21,437
Sub-Total 1,741,176 486,627 1,254,548 1,105,759 810,604 295,155 452,122 157,111 609,233
REGIONAL TOTAL 23,467,144 6,888,168 16,578,976 12,476,790 9,973,717 2,503,073 6,257,075 1,656,602 7,913,677

Region III

Aurora
1 Baler 327,410 90,498 236,912 225,473 129,052 96,422 77,846 13,551 91,397
2 Casiguran 288,119 74,074 214,045 168,267 146,384 21,883 73,660 15,691 89,351
3 Disalag 151,009 47,317 103,693 97,576 83,095 14,481 43,899 12,350 56,249
110

4 Dinalungan 97,262 12,785 84,478 92,573 75,260 17,313 28,697 (538) 28,158
120

5 Dingalan 174,879 51,340 123,539 112,631 92,843 19,787 43,907 (8,132) 35,775
6 Dipaculao 208,137 38,662 169,476 135,457 101,813 33,644 32,093 37,723 69,815
7 Maria Aurora 173,774 31,019 142,756 162,690 131,109 31,581 45,939 108 46,047
8 San Luis 315,658 87,404 228,254 163,453 115,094 48,359 52,735 23,087 75,823
Sub-Total 1,736,250 433,098 1,303,152 1,158,121 874,651 283,470 398,775 93,841 492,616

Bataan
1 Abucay 344,215 101,830 242,385 133,906 93,387 40,519 91,442 54,236 145,678
2 Bagac 356,511 190,186 166,325 123,927 93,440 30,487 33,698 71,019 104,717
3 Dinalupihan 372,057 207,411 164,646 301,541 277,759 23,782 101,751 13,862 115,613
4 Hermosa 423,103 122,738 300,365 232,041 152,770 79,271 85,796 43,457 129,253
5 Limay 2,425,837 273,619 2,152,218 1,042,243 315,644 726,599 315,271 699,928 1,015,199
6 Mariveles 2,091,674 778,740 1,312,934 685,273 467,299 217,973 329,095 115,310 444,405
7 Morong 325,663 100,654 225,008 170,690 109,330 61,360 72,980 32,710 105,689
8 Orani 402,743 165,432 237,311 195,399 173,957 21,442 121,787 (10,565) 111,222
9 Orion 278,880 99,442 179,438 146,872 108,857 38,015 79,364 56,748 136,113
10 Pilar 266,088 75,462 190,625 122,289 88,023 34,266 36,188 19,603 55,791
11 Samal 271,157 137,743 133,414 121,493 110,458 11,035 52,154 40,257 92,411
Sub-Total 7,557,927 2,253,258 5,304,669 3,275,673 1,990,925 1,284,747 1,319,527 1,136,564 2,456,091
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Bulacan
1 Angat 275,899 111,237 164,662 167,135 115,240 51,895 95,950 19,508 115,458
2 Balagtas 511,924 185,554 326,370 249,167 179,083 70,084 84,936 71,965 156,901
3 Baliuag 613,431 230,648 382,784 500,805 469,103 31,702 132,571 30,549 163,120
4 Bocaue 386,209 123,788 262,421 336,319 300,845 35,474 127,797 63,245 191,042
5 Bulakan 270,105 108,236 161,869 177,234 171,806 5,428 31,939 2,583 34,523
6 Bustos 136,352 44,138 92,214 164,802 150,026 14,776 36,269 11,054 47,322
7 Calumpit 375,302 166,290 209,012 273,760 227,897 45,863 50,682 39,670 90,352
8 D.R. Trinidad 610,177 146,169 464,007 200,454 113,811 86,643 143,870 12,523 156,393
9 Guiguinto 726,621 373,628 352,993 406,459 324,477 81,982 156,149 124,206 280,355
10 Hagonoy 786,701 293,823 492,879 266,305 245,175 21,131 52,590 36,244 88,834
11 Marilao 1,203,233 344,854 858,379 775,346 651,148 124,197 200,040 107,262 307,302
12 Norzagaray 1,238,801 469,104 769,698 457,591 358,238 99,353 312,222 91,369 403,591
110
121

13 Obando 152,191 60,285 91,906 145,157 129,422 15,735 54,399 21,334 75,733
14 Pandi 574,528 215,605 358,923 208,845 140,529 68,316 137,720 176,861 314,581
15 Paombong 234,098 125,332 108,766 123,699 107,100 16,599 38,954 28,550 67,504
16 Plaridel 708,621 65,655 642,966 315,438 245,561 69,876 113,886 38,446 152,332
17 Pulilan 524,219 162,441 361,778 383,603 320,685 62,919 171,222 40,527 211,749
18 San Ildefonso 947,622 640,554 307,069 371,289 256,608 114,681 247,372 (2,886) 244,487
19 San Miguel 658,048 385,342 272,706 347,999 263,856 84,143 60,806 74,359 135,164
20 San Rafael 808,986 300,866 508,121 277,139 190,996 86,143 161,182 25,738 186,920
21 Sta. Maria 1,244,986 155,025 1,089,961 666,262 436,238 230,024 327,835 73,133 400,968
Sub-Total 12,988,056 4,708,573 8,279,482 6,814,810 5,397,845 1,416,964 2,738,391 1,086,240 3,824,631

Nueva Ecija
1 Aliaga 496,074 223,094 272,980 151,021 82,105 68,916 56,072 63,733 119,804
2 Bongabon 556,238 362,821 193,417 199,936 172,990 26,947 81,398 12,190 93,588
3 Cabiao 267,108 138,700 128,408 200,024 151,337 48,688 36,677 (10,614) 26,063
4 Carrangalan 317,218 87,314 229,905 190,171 151,412 38,759 71,977 70,963 142,940
5 Cuyapo 315,171 53,915 261,256 175,226 139,748 35,478 25,214 203 25,417
6 Gabaldon 296,340 140,927 155,413 126,287 91,892 34,395 47,844 1,582 49,426
7 G.M. Natividad 183,775 52,519 131,256 117,711 97,505 20,206 48,674 8,358 57,033
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
8 Gen. Tinio 249,030 127,361 121,670 188,717 150,378 38,339 19,362 2,167 21,530
9 Guimba 556,826 259,860 296,966 289,497 211,142 78,355 91,011 43,154 134,164
10 Jaen 252,845 80,502 172,343 163,620 116,108 47,512 22,502 27,591 50,093
11 Laur 317,726 101,314 216,413 132,014 90,059 41,955 51,602 18,784 70,385
12 Licab 175,146 69,296 105,851 84,132 75,722 8,410 10,497 4,740 15,236
13 Llanera 320,659 200,171 120,489 122,226 87,078 35,147 27,764 19,302 47,065
14 Lupao 129,435 49,148 80,287 129,164 114,954 14,210 11,433 1,197 12,631
15 Nampicuan 166,290 38,071 128,219 95,911 72,203 23,708 24,416 (7,886) 16,530
16 Pantabangan 967,246 395,685 571,561 240,345 159,512 80,833 64,354 (28,614) 35,739
17 Peñaranda 221,964 120,095 101,869 128,427 114,298 14,129 40,497 5,150 45,647
18 Quezon 149,881 88,604 61,277 125,699 110,329 15,370 10,284 5,753 16,038
18 Rizal 213,819 74,255 139,564 156,695 120,915 35,780 80,314 4,302 84,616
20 San Antonio 478,975 256,655 222,320 191,706 164,165 27,541 41,909 11,426 53,334
110

21 San Isidro 494,469 229,800 264,669 129,677 133,345 (3,668) 7,235 15,787 23,022
122

22 San Leonardo 335,826 229,188 106,638 183,718 143,397 40,322 16,765 (1,495) 15,270
23 Sta. Rosa 470,160 181,023 289,137 190,671 140,559 50,112 69,964 16,692 86,656
24 Sto. Domingo 447,395 227,374 220,021 138,509 109,401 29,108 80,945 3,325 84,271
25 Talavera 1,022,852 504,110 518,742 342,561 254,629 87,932 72,933 13,044 85,977
26 Talugtog 354,047 208,888 145,159 97,132 78,622 18,511 29,946 1,205 31,151
27 Zaragosa 279,760 94,096 185,664 132,037 102,916 29,121 49,710 9,858 59,569
Sub-Total 10,036,275 4,594,784 5,441,491 4,422,835 3,436,722 986,113 1,191,297 311,897 1,503,194
Pampanga
1 Apalit 333,012 166,996 166,016 250,500 250,089 411 91,069 (17,788) 73,282
2 Arayat 118,895 42,424 76,471 255,929 238,179 17,750 21,556 2,636 24,192
3 Bacolor 263,198 106,313 156,885 174,798 130,304 44,494 81,852 16,738 98,591
4 Candaba 235,434 64,894 170,541 225,210 152,475 72,735 56,188 55,292 111,481
5 Florida Blanca 224,445 89,723 134,723 302,999 257,266 45,733 48,372 54,749 103,121
6 Guagua 356,339 166,526 189,814 289,785 211,852 77,932 72,699 56,886 129,585
7 Lubao 623,440 238,819 384,621 416,120 260,865 155,254 210,358 72,926 283,284
8 Macabebe 164,402 85,409 78,993 214,304 163,155 51,149 14,636 5,187 19,823
9 Magalang 199,969 76,608 123,361 251,052 251,272 (220) 56,462 27,468 83,930
10 Masantol 137,081 57,072 80,009 142,968 131,766 11,202 44,676 (2,276) 42,400
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
11 Mexico 638,708 144,012 494,697 539,341 424,068 115,273 136,120 68,435 204,555
12 Minalin 73,267 17,357 55,910 115,567 91,182 24,385 20,652 12,176 32,827
13 Porac 396,188 55,050 341,138 399,514 283,396 116,119 205,164 39,279 244,443
14 San Luis 307,818 97,691 210,127 183,791 137,825 45,965 75,178 8,548 83,725
15 San Simon 232,654 61,227 171,428 195,020 130,175 64,845 83,864 58,111 141,974
16 Sasmuan 43,962 12,784 31,178 86,312 81,375 4,936 10,172 2,484 12,656
17 Sta. Ana 207,680 93,010 114,670 162,903 103,661 59,241 55,879 4,400 60,279
18 Sta. Rita 251,190 55,791 195,399 131,333 104,988 26,345 109,923 (20,157) 89,766
19 Sto. Tomas 100,532 31,681 68,851 104,857 90,718 14,139 35,200 5,885 41,086
Sub-Total 4,908,217 1,663,386 3,244,830 4,442,302 3,494,614 947,688 1,430,019 450,980 1,881,000

Tarlac
1 Anao 115,158 31,100 84,058 60,287 47,074 13,213 32,381 7,383 39,764
2 Bamban 442,925 229,416 213,509 185,385 160,951 24,434 114,724 (5,528) 109,196
110
123

3 Camiling 839,386 200,738 638,648 229,881 155,901 73,980 117,862 (13,681) 104,181
4 Capas 684,811 286,835 397,975 405,030 337,080 67,950 127,971 11,668 139,639
5 Concepcion 596,851 136,258 460,593 385,370 252,635 132,734 125,379 98,866 224,245
6 Gerona 406,615 96,531 310,084 229,798 189,182 40,616 82,210 25,232 107,442
7 La Paz 207,811 36,218 171,593 153,822 141,578 12,245 43,640 27,880 71,520
8 Mayantoc 210,386 42,861 167,526 136,929 93,285 43,644 45,312 18,237 63,549
9 Moncada 456,912 107,406 349,506 168,645 122,574 46,071 31,369 25,216 56,585
10 Paniqui 587,402 99,936 487,466 246,621 149,469 97,152 172,815 59,917 232,731
11 Pura 126,178 31,182 94,996 79,803 72,550 7,252 43,679 4,389 48,069
12 Ramos 238,233 38,684 199,548 70,396 53,981 16,415 29,981 5,705 35,686
13 San Clemente 140,152 27,942 112,209 58,609 46,949 11,660 33,494 (539) 32,955
14 San Jose 356,387 124,914 231,473 127,290 91,886 35,404 82,434 22,221 104,654
15 San Manuel 297,120 51,533 245,587 130,042 75,029 55,013 36,392 26,552 62,944
16 Sta. Ignacia 291,082 60,721 230,361 154,673 104,425 50,247 85,522 (32,696) 52,826
17 Victoria 384,680 197,384 187,296 160,407 128,704 31,703 136,346 61,556 197,902
Sub-Total 6,382,088 1,799,658 4,582,429 2,982,986 2,223,252 759,734 1,341,511 342,377 1,683,888

Zambales
1 Botolan 604,251 270,949 333,302 255,196 215,064 40,132 53,589 18,151 71,740
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
2 Cabangan 175,108 99,478 75,630 97,368 71,840 25,528 49,070 48,067 97,137
3 Candelaria 280,240 80,298 199,942 136,457 100,328 36,130 77,703 39,226 116,929
4 Castillejos 411,347 136,258 275,089 191,308 127,009 64,299 101,128 94,133 195,262
5 Iba 450,260 276,254 174,006 180,030 131,034 48,996 58,436 26,130 84,566
6 Masinloc 1,096,726 235,758 860,968 436,854 283,215 153,639 194,393 50,138 244,531
7 Palauig 310,428 123,375 187,053 132,327 95,344 36,982 66,948 26,074 93,022
8 San Antonio 385,581 128,559 257,022 156,238 114,562 41,676 80,695 5,984 86,679
9 San Felipe 184,347 65,023 119,323 93,102 78,246 14,856 25,096 9,052 34,148
10 San Marcelino 449,728 142,297 307,431 219,452 163,698 55,754 64,840 (13,409) 51,431
11 San Narciso 229,094 58,833 170,261 93,402 68,177 25,225 86,069 27,912 113,981
12 Sta. Cruz 692,222 340,494 351,728 237,669 182,347 55,322 202,946 43,370 246,315
13 Subic 543,651 338,272 205,379 319,177 291,471 27,706 56,991 9,301 66,292
Sub-Total 5,812,982 2,295,848 3,517,134 2,548,579 1,922,334 626,245 1,117,903 384,129 1,502,032
110

REGIONAL TOTAL 49,421,794 17,748,605 31,673,189 25,645,306 19,340,344 6,304,962 9,537,424 3,806,029 13,343,453
124

Region IV - A
Batangas
1 Agoncillo 197,414 55,844 141,570 107,876 70,174 37,702 58,236 37,917 96,153
2 Alitagtag 197,056 38,739 158,317 76,673 60,182 16,491 45,048 16,024 61,072
3 Balayan 735,878 404,967 330,911 253,187 200,295 52,893 110,310 4,645 114,955
4 Balete 115,670 29,287 86,382 68,416 54,231 14,184 31,114 12,787 43,901
5 Bauan 945,033 438,900 506,133 347,542 240,754 106,788 223,337 53,779 277,115
6 Calaca 1,443,783 564,595 879,188 649,830 294,671 355,159 332,505 350,039 682,544
7 Calatagan 369,301 151,020 218,281 158,161 122,394 35,767 64,900 27,707 92,607
8 Cuenca 214,762 34,754 180,008 98,630 76,982 21,648 88,212 13,295 101,507
9 Ibaan 210,511 62,913 147,598 140,848 105,874 34,974 35,391 49,958 85,350
10 Laurel 461,879 200,884 260,995 133,949 100,414 33,534 65,981 16,387 82,368
11 Lemery 528,425 145,453 382,972 248,926 180,666 68,259 91,722 23,708 115,430
12 Lian 306,314 129,230 177,084 144,717 114,962 29,755 77,013 5,302 82,315
13 Lobo 229,331 73,481 155,850 127,367 99,146 28,221 76,512 34,457 110,969
14 Mabini 469,962 51,177 418,785 205,390 139,765 65,625 106,422 50,759 157,181
15 Malvar 786,499 139,337 647,162 245,735 133,577 112,157 244,417 115,070 359,486
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
16 Mataas Na Kahoy 197,964 33,295 164,669 89,033 63,546 25,488 71,237 40,470 111,707
17 Nasugbu 1,242,716 521,207 721,509 409,043 310,332 98,711 110,324 23,003 133,327
18 Padre Garcia 312,949 70,921 242,028 171,002 128,524 42,478 43,393 21,747 65,141
19 Rosario 530,256 91,531 438,724 311,544 227,344 84,200 146,675 50,031 196,706
20 San Jose 677,799 130,978 546,822 219,064 124,770 94,295 273,031 53,258 326,288
21 San Juan 631,222 109,060 522,162 331,627 255,448 76,179 144,945 8,815 153,760
22 San Luis 166,730 30,613 136,116 109,436 74,863 34,573 76,380 4,478 80,857
23 San Nicolas 123,630 33,708 89,922 84,361 62,296 22,066 32,301 20,827 53,127
24 San Pascual 619,253 114,497 504,755 234,168 178,974 55,194 163,642 39,737 203,378
25 Sta. Teresita 184,416 38,355 146,061 69,080 50,043 19,038 80,960 15,768 96,728
26 Sto. Tomas 2,149,737 566,530 1,583,207 721,229 499,202 222,027 479,201 215,249 694,450
27 Taal 256,746 60,750 195,996 146,533 115,980 30,552 35,112 8,617 43,728
28 Talisay 425,438 194,918 230,520 182,113 137,581 44,532 31,927 28,650 60,576
29 Taysan 383,827 134,841 248,986 145,407 110,966 34,441 50,415 47,410 97,825
110
125

30 Tingloy 144,239 99,706 44,533 60,625 46,836 13,789 21,661 72,238 93,900
31 Tuy 321,266 82,222 239,045 118,034 100,021 18,014 16,307 22,382 38,689
Sub-Total 15,580,007 4,833,714 10,746,294 6,409,546 4,480,813 1,928,732 3,428,631 1,484,511 4,913,142

Cavite
1 Alfonso 321,127 100,554 220,573 190,058 133,156 56,902 93,193 47,026 140,219
2 Amadeo 197,423 82,894 114,529 109,166 96,340 12,826 16,938 22,388 39,325
3 Carmona 1,658,741 212,889 1,445,852 709,069 468,998 240,071 412,040 189,642 601,681
4 Gen. Emilio Aguinaldo 133,088 28,087 105,001 74,469 59,679 14,790 24,592 12,314 36,906
5 Gen. Mariano Alvarez 514,874 201,457 313,417 348,962 278,607 70,355 66,297 58,084 124,381
6 Indang 345,103 133,974 211,129 195,473 155,349 40,124 100,249 19,035 119,284
7 Kawit 516,802 169,811 346,990 221,393 207,777 13,616 83,095 23,683 106,778
8 Magallanes 156,723 69,398 87,325 93,601 78,612 14,990 44,895 6,978 51,873
9 Maragondon 225,569 81,620 143,949 133,214 115,140 18,074 59,743 31,211 90,954
10 Mendez-Nunez 175,041 73,108 101,932 102,260 87,530 14,730 13,754 34,075 47,829
11 Naic 679,415 151,614 527,801 322,498 194,407 128,091 207,642 86,207 293,849
12 Noveleta 132,787 68,772 64,015 127,288 121,069 6,219 26,202 12,509 38,711
13 Rosario 1,375,035 212,246 1,162,789 696,494 575,372 121,122 33,577 40,953 74,531
14 Silang 1,598,408 278,654 1,319,754 700,302 482,802 217,500 435,416 221,105 656,520
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
15 Tanza 842,963 229,075 613,888 541,174 366,648 174,526 199,209 177,114 376,324
16 Ternate 327,089 252,866 74,223 89,893 73,868 16,025 33,878 27,058 60,936
Sub-Total 9,200,187 2,347,020 6,853,167 4,655,314 3,495,355 1,159,959 1,850,719 1,009,382 2,860,101

Laguna
1 Alaminos 310,578 88,959 221,620 149,102 98,667 50,435 138,462 65,369 203,832
2 Bay 333,323 127,578 205,745 171,188 121,567 49,621 81,743 69,028 150,771
3 Calauan 530,264 86,160 444,104 194,338 109,610 84,728 284,757 79,640 364,396
4 Cavinti 197,394 62,981 134,413 133,117 107,515 25,602 69,558 8,643 78,201
5 Famy 102,045 35,925 66,119 63,116 45,350 17,766 36,895 33,160 70,056
6 Kalayaan 103,699 32,880 70,819 96,654 89,979 6,675 22,114 8,713 30,827
7 Liliw 144,383 48,887 95,497 102,368 80,432 21,936 52,492 10,467 62,959
8 Los Baños 751,261 254,588 496,673 314,492 216,369 98,123 260,364 99,677 360,041
9 Luisiana 215,314 106,919 108,395 87,148 75,874 11,274 47,600 8,511 56,112
110
126

10 Lumban 143,314 60,219 83,095 107,547 91,777 15,770 17,639 23,237 40,876
11 Mabitac 95,030 41,686 53,344 74,823 61,141 13,682 38,953 6,629 45,582
12 Magdalena 178,639 49,274 129,365 93,151 73,746 19,405 45,620 21,486 67,106
13 Majayjay 145,446 55,790 89,657 88,990 84,014 4,977 62,426 21,392 83,818
14 Nagcarlan 363,320 130,072 233,247 158,604 133,421 25,184 114,712 35,094 149,807
15 Paete 154,503 53,899 100,604 80,514 66,441 14,073 27,400 32,994 60,393
16 Pagsanjan 228,418 90,914 137,504 128,797 119,491 9,306 55,736 33,990 89,726
17 Pakil 156,729 73,410 83,319 73,812 60,157 13,654 39,932 8,265 48,197
18 Pangil 165,122 53,739 111,383 88,260 74,387 13,873 45,473 9,924 55,397
19 Pila 215,643 99,281 116,362 155,495 136,720 18,775 47,690 37,403 85,093
20 Rizal 83,581 51,172 32,409 67,588 58,797 8,790 31,023 12,553 43,576
21 Siniloan 191,463 140,929 50,535 124,308 122,075 2,233 51,957 2,958 54,915
22 Sta. Cruz 423,578 103,561 320,018 329,682 289,647 40,035 112,027 15,897 127,924
23 Sta. Maria 103,622 30,302 73,320 105,370 80,766 24,604 25,499 8,101 33,600
24 Victoria 186,821 67,536 119,286 113,870 82,628 31,242 55,356 27,387 82,743
Sub-Total 5,523,489 1,946,658 3,576,831 3,102,335 2,480,572 621,763 1,765,430 680,517 2,445,946

Quezon
1 Agdangan 97,031 43,859 53,172 54,590 40,761 13,829 48,273 17,874 66,146
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
2 Alabat 132,320 52,687 79,632 71,211 56,261 14,950 38,580 14,424 53,004
3 Atimonan 338,849 95,836 243,013 183,427 157,137 26,289 106,471 28,818 135,289
4 Buenavista 290,932 114,610 176,322 100,485 75,725 24,760 65,089 40,154 105,243
5 Burdeous - - - - - - - - -
6 Calauag 496,443 169,801 326,642 179,227 124,218 55,009 144,297 79,875 224,172
7 Candelaria 603,554 221,600 381,954 287,191 196,783 90,408 112,004 105,836 217,839
8 Catanauan 598,188 283,110 315,078 186,092 136,442 49,650 132,159 48,872 181,031
9 Dolores 232,864 84,495 148,370 92,460 67,192 25,268 91,825 22,066 113,891
10 Gen. Luna 100,128 46,497 53,631 84,938 79,816 5,122 44,047 7,509 51,556
11 Gen. Nakar 549,758 114,540 435,218 282,532 136,349 146,183 123,107 49,896 173,003
12 Guinayangan 417,277 298,607 118,670 132,188 95,056 37,132 96,513 26,420 122,933
13 Gumaca 335,520 125,931 209,589 194,608 157,696 36,911 120,339 16,352 136,691
14 Infanta 466,388 111,186 355,202 204,386 142,820 61,567 190,225 75,422 265,647
110

15 Jomalig - - - - - - - - -
127

16 Lopez 644,384 234,181 410,203 245,700 184,785 60,915 282,099 91,914 374,013
17 Lucban - - - - - - - - -
18 Macaleleon 245,101 100,180 144,921 91,797 70,693 21,104 93,348 38,071 131,419
19 Mauban 921,443 335,456 585,987 399,630 342,856 56,774 186,207 61,947 248,154
20 Mulanay 374,686 229,044 145,642 177,460 156,310 21,149 153,909 55,912 209,821
21 Padre Burgos 176,413 44,727 131,686 92,807 59,102 33,705 57,806 19,092 76,898
22 Pagbilao 769,239 102,660 666,579 260,749 188,110 72,639 348,237 52,043 400,280
23 Panulukan 171,575 55,324 116,250 86,955 60,598 26,357 49,505 21,058 70,563
24 Patnanungan 97,761 54,220 43,540 71,291 70,776 515 34,611 (3,364) 31,247
25 Perez 159,258 63,737 95,521 57,003 49,618 7,385 61,918 22,956 84,874
26 Pitogo 162,132 65,102 97,030 77,491 55,404 22,086 67,015 20,346 87,361
27 Plaridel 79,689 22,678 57,011 51,269 43,651 7,618 17,624 3,804 21,428
28 Polilio 307,674 96,566 211,107 123,326 88,574 34,752 145,279 50,768 196,047
29 Quezon 144,151 62,611 81,540 82,196 51,403 30,793 53,512 28,696 82,208
30 Real 439,675 99,548 340,127 174,497 124,101 50,396 151,671 52,788 204,459
31 Sampaloc 137,832 100,273 37,559 71,274 70,378 896 32,194 16,329 48,522
32 San Andres 94,638 68,214 26,424 107,732 92,414 15,318 13,856 21,126 34,982
33 San Antonio 162,842 80,124 82,718 97,742 80,965 16,777 60,315 12,820 73,135
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
34 San Francisco 430,337 309,957 120,380 161,944 123,623 38,321 59,083 26,718 85,801
35 San Narciso 493,666 221,879 271,786 150,690 96,014 54,676 92,347 65,289 157,636
36 Sariaya 662,890 305,930 356,960 368,400 251,739 116,660 175,327 142,562 317,889
37 Tagkawayan 486,180 183,760 302,420 189,286 140,177 49,108 150,686 57,323 208,009
38 Tiaong 728,380 269,471 458,909 239,109 150,338 88,771 190,402 66,313 256,716
39 Unisan 232,844 85,794 147,049 90,861 84,325 6,536 59,505 14,002 73,507
Sub-Total 12,782,041 4,954,199 7,827,842 5,522,542 4,102,211 1,420,331 3,849,384 1,472,030 5,321,414

Rizal
1 Angono 481,494 270,105 211,389 364,482 347,857 16,625 140,340 (350) 139,989
2 Baras 270,650 143,421 127,229 161,050 116,982 44,068 56,759 37,770 94,529
3 Binangonan 2,105,804 832,256 1,273,548 681,080 388,258 292,822 299,027 135,023 434,050
4 Cainta 3,988,392 1,799,274 2,189,118 1,221,098 1,111,367 109,731 693,511 40,003 733,514
110

5 Cardona 241,478 97,416 144,062 125,090 98,463 26,627 51,567 11,548 63,115
128

6 Jala-Jala 238,754 98,145 140,609 91,753 74,593 17,160 71,536 13,251 84,787
7 Morong 296,463 93,637 202,826 170,760 126,458 44,301 38,350 43,996 82,346
8 Pililia 347,404 114,285 233,119 205,301 151,019 54,282 74,232 62,952 137,184
9 Rodriguez 1,487,098 657,416 829,682 899,024 725,405 173,618 479,262 164,772 644,035
10 San Mateo 1,253,578 507,381 746,197 620,568 462,162 158,407 358,694 151,841 510,535
11 Tanay 1,793,209 797,426 995,783 372,183 227,765 144,417 345,212 94,917 440,129
12 Taytay 1,483,268 617,838 865,430 900,256 794,899 105,357 426,669 71,166 497,835
13 Teresa 343,119 149,475 193,644 222,181 163,781 58,399 146,083 50,721 196,804
Sub-Total 14,330,712 6,178,077 8,152,634 6,034,824 4,789,010 1,245,815 3,181,241 877,611 4,058,852
REGIONAL TOTAL 57,416,436 20,259,667 37,156,769 25,724,560 19,347,960 6,376,600 14,075,405 5,524,050 19,599,455

Region IV - B

Marinduque
1 Boac 500,355 121,960 378,395 200,404 136,829 63,575 257,947 43,976 301,923
2 Buenavista 246,013 113,806 132,207 78,406 51,515 26,891 50,633 60,712 111,345
3 Gasan 354,928 98,123 256,805 143,255 120,572 22,683 129,594 18,830 148,424
4 Mogpog 228,551 75,063 153,488 106,223 80,238 25,985 72,785 53,568 126,353
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
5 Santa Cruz 520,522 226,510 294,013 172,958 131,030 41,927 146,153 90,890 237,043
6 Torrijos 213,317 86,031 127,286 108,765 82,941 25,824 72,207 70,416 142,623
Sub-Total 2,063,686 721,494 1,342,193 810,011 603,124 206,886 729,319 338,392 1,067,711

Occidental Mindoro
1 Abra de Ilog 359,837 85,475 274,361 193,113 157,558 35,555 161,735 34,992 196,727
2 Calintaan 166,662 54,487 112,175 147,565 128,714 18,851 35,073 8,544 43,618
3 Looc 184,268 66,394 117,875 71,522 49,289 22,233 104,916 21,928 126,844
4 Lubang 323,470 62,076 261,395 113,110 176,092 (62,983) 53,190 1,500 54,690
5 Magsaysay 167,482 52,275 115,207 146,559 119,519 27,040 34,488 7,197 41,685
6 Mamburao 293,578 258,121 35,457 165,007 123,584 41,422 43,876 46,807 90,684
7 Paluan 388,165 92,050 296,115 165,843 109,102 56,740 90,393 30,917 121,310
8 Rizal 210,401 92,412 117,989 135,947 119,482 16,465 49,894 28,323 78,217
110

9 Sablayan 957,631 209,511 748,120 544,478 397,349 147,130 189,830 (21,335) 168,496
129

10 San Jose 678,024 274,148 403,875 397,324 349,454 47,870 108,575 35,466 144,042
11 Sta. Cruz 347,710 98,101 249,610 209,725 154,649 55,075 91,949 11,098 103,048
Sub-Total 4,077,228 1,345,049 2,732,179 2,290,191 1,884,793 405,399 963,921 205,439 1,169,360

Oriental Mindoro
1 Baco 265,378 90,989 174,389 121,459 97,140 24,319 69,026 36,636 105,662
2 Bansud 247,541 86,146 161,395 142,565 110,837 31,728 48,304 57,116 105,420
3 Bongabong 666,197 185,020 481,177 228,401 141,236 87,165 264,669 64,914 329,583
4 Bulalacao 354,149 257,472 96,677 138,043 108,501 29,542 43,616 30,124 73,740
5 Gloria 499,925 252,241 247,684 141,384 111,199 30,185 156,096 81,715 237,812
6 Mansalay 473,765 196,512 277,253 193,941 141,951 51,990 70,899 13,281 84,181
7 Naujan 728,185 93,106 635,079 288,993 186,196 102,797 243,677 54,348 298,025
8 Pinamalayan 438,861 133,531 305,330 237,304 186,705 50,600 215,868 51,907 267,775
9 Pola 478,607 242,909 235,698 107,420 87,432 19,988 131,590 126,908 258,498
10 Puerto Galera 328,855 127,470 201,385 179,053 144,129 34,923 112,024 25,386 137,411
11 Roxas 237,079 61,486 175,593 145,497 112,090 33,407 60,135 33,172 93,306
12 San Teodoro 133,413 32,501 100,912 109,727 88,757 20,969 47,973 20,095 68,068
13 Socorro 411,391 170,199 241,192 119,523 87,970 31,552 98,188 57,113 155,301
14 Victoria 353,853 101,420 252,434 144,902 115,252 29,650 150,899 33,878 184,777
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
Sub-Total 5,617,197 2,031,001 3,586,196 2,298,212 1,719,395 578,817 1,712,965 686,594 2,399,559

Palawan
1 Aborlan 606,558 217,095 389,463 206,838 133,284 73,554 269,139 33,140 302,279
2 Agutaya 131,775 45,674 86,101 52,329 45,793 6,536 37,393 17,705 55,098
3 Araceli 140,762 91,822 48,940 82,398 75,285 7,113 26,287 54,162 80,449
4 Balabac 253,930 112,447 141,482 165,371 150,985 14,386 73,274 29,082 102,356
5 Bataraza 1,074,772 385,163 689,609 341,936 240,635 101,301 282,997 (19,434) 263,564
6 Brookespoint 840,800 286,401 554,399 361,164 265,659 95,505 234,395 104,946 339,341
7 Busuanga 379,345 108,444 270,901 123,100 89,770 33,330 71,703 11,165 82,867
8 Cagayancillo 82,225 24,769 57,456 43,233 32,609 10,624 40,546 7,166 47,712
9 Coron 531,054 144,505 386,549 250,171 169,549 80,623 209,442 58,294 267,736
10 Culion 187,811 63,540 124,271 129,847 108,608 21,239 54,098 18,688 72,787
11 Cuyo 168,724 87,813 80,911 98,487 79,493 18,994 63,081 41,000 104,081
110

12 Dumaran 272,509 65,530 206,979 129,583 100,586 28,997 65,098 10,932 76,031
130

13 El Nido 701,315 200,777 500,538 346,679 210,335 136,344 277,468 136,940 414,408
14 Kalayaan 141,745 55,804 85,941 68,031 62,625 5,406 39,519 32,907 72,427
15 Linapacan - - - - - - - - -
16 Magsaysay 127,076 48,406 78,670 79,684 62,831 16,853 29,709 18,571 48,280
17 Narra 736,501 331,773 404,728 292,612 236,618 55,994 234,909 59,819 294,728
18 Quezon 619,098 256,092 363,006 281,003 211,873 69,130 235,740 80,217 315,957
19 Rizal 434,096 131,504 302,592 283,983 203,639 80,345 124,374 84,885 209,258
20 Roxas 635,333 267,823 367,510 307,114 244,164 62,950 164,797 59,736 224,532
21 San Vicente - - - - - - - - -
22 Sofronio Española 390,014 220,835 169,180 153,417 129,312 24,105 101,722 15,237 116,959
23 Taytay 831,192 305,088 526,105 332,210 267,856 64,354 244,340 95,657 339,998
Sub-Total 9,286,635 3,451,305 5,835,330 4,129,191 3,121,507 1,007,684 2,880,032 950,814 3,830,846
Romblon
1 Alcantara 133,058 34,605 98,453 63,091 52,293 10,798 21,519 21,659 43,179
2 Banton 123,624 32,893 90,731 43,504 37,481 6,024 27,419 17,791 45,211
3 Cajidiocan 306,920 50,583 256,338 91,574 56,912 34,662 152,431 30,756 183,187
4 Calatrava 134,671 34,359 100,312 57,670 45,885 11,785 21,502 31,558 53,060
5 Concepcion 100,745 19,997 80,748 43,206 32,036 11,170 53,437 (3,264) 50,173
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
6 Corcuera 70,986 18,961 52,025 52,686 42,298 10,388 15,556 16,480 32,037
7 Ferrol 150,626 86,396 64,230 44,351 34,077 10,273 40,133 116 40,249
8 Looc 178,107 91,633 86,474 88,568 69,540 19,028 50,173 38,811 88,984
9 Magdiwang 230,739 129,281 101,458 73,240 59,043 14,198 57,979 7,375 65,354
10 Odiongan 278,803 63,185 215,618 157,914 123,590 34,324 78,762 35,611 114,373
11 Romblon 155,917 56,058 99,858 111,938 95,353 16,586 45,562 905 46,467
12 San Agustin 175,943 55,582 120,361 90,121 71,306 18,815 77,224 11,322 88,546
13 San Andres 196,078 76,334 119,744 68,189 37,543 30,645 50,495 15,458 65,953
14 San Fernando 236,279 58,018 178,261 94,108 70,232 23,877 72,619 13,681 86,300
15 San Jose 127,591 53,218 74,373 50,394 44,872 5,522 31,366 16,280 47,646
16 Santa Maria 128,659 31,788 96,871 53,398 38,908 14,490 17,452 22,588 40,040
17 Sta. Fe 194,609 52,357 142,252 73,890 59,764 14,125 36,395 13,723 50,118
Sub-Total 2,923,354 945,248 1,978,106 1,257,842 971,133 286,709 850,025 290,851 1,140,876
REGIONAL TOTAL 23,968,101 8,494,097 15,474,004 10,785,448 8,299,953 2,485,495 7,136,262 2,472,090 9,608,352
110
131

Region V
Albay
1 Bacacay 576,567 130,310 446,257 155,186 92,575 62,612 224,817 66,943 291,760
2 Camalig 405,972 89,771 316,201 165,928 114,072 51,856 132,037 8,434 140,471
3 Daraga 1,029,766 339,654 690,113 313,710 219,274 94,436 191,100 46,678 237,779
4 Guinobatan 505,705 153,217 352,487 223,753 170,169 53,584 165,041 45,370 210,411
5 Jovellar 92,598 32,501 60,097 69,461 53,649 15,812 7,678 14,170 21,848
6 Libon 614,401 183,885 430,516 178,115 112,053 66,062 149,536 50,076 199,611
7 Malilipot 288,207 66,774 221,433 111,104 87,720 23,384 136,995 12,243 149,238
8 Malinao 146,957 46,765 100,192 115,398 90,025 25,373 19,348 22,172 41,520
9 Manito 364,695 84,296 280,399 113,230 68,426 44,803 151,627 15,766 167,393
10 Oas 415,353 116,258 299,095 172,987 120,369 52,619 75,322 30,903 106,225
11 Pio Duran 244,623 40,011 204,612 123,970 100,210 23,760 57,829 (3,303) 54,526
12 Polangui 648,343 138,591 509,752 219,285 169,654 49,632 99,339 20,853 120,192
13 Rapu-Rapu 341,812 53,661 288,151 117,604 82,233 35,370 236,279 10,880 247,159
14 Sto. Domingo 218,429 64,541 153,888 101,881 78,695 23,187 47,070 5,412 52,482
15 Tiwi 402,691 124,581 278,110 173,445 146,710 26,735 203,152 81,946 285,099
Sub-Total 6,296,119 1,664,816 4,631,302 2,355,056 1,705,833 649,223 1,897,172 428,542 2,325,714
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Camarines Norte
1 Basud 367,224 134,912 232,312 128,005 100,127 27,878 83,274 1,831 85,105
2 Capalonga 276,876 81,186 195,690 118,891 86,319 32,572 65,582 14,515 80,098
3 Daet 495,135 172,374 322,760 284,551 242,444 42,106 104,351 27,052 131,404
4 Jose Panganiban 309,825 123,685 186,140 157,995 113,962 44,033 115,601 44,552 160,153
5 Labo 780,709 277,639 503,069 291,775 205,869 85,906 220,786 39,642 260,428
6 Mercedes 247,781 139,350 108,431 142,067 113,856 28,210 81,647 16,546 98,193
7 Paracale 290,157 104,517 185,640 148,333 117,917 30,416 45,442 25,371 70,813
8 San Lorenzo Ruiz 178,973 71,179 107,794 74,972 53,481 21,491 15,678 18,032 33,710
9 San Vicente 91,602 28,338 63,265 53,906 47,525 6,381 11,000 7,611 18,610
10 Santa Elena 379,506 152,094 227,412 122,486 92,043 30,443 105,365 26,316 131,682
11 Talisay 174,340 102,891 71,449 75,546 65,447 10,099 11,882 5,085 16,966
12 Vinzons 226,253 97,737 128,516 115,396 101,734 13,661 93,169 10,795 103,964
110

Sub-Total 3,818,381 1,485,903 2,332,477 1,713,923 1,340,726 373,197 953,777 237,347 1,191,124
132

Camarines Sur
1 Baao 453,827 203,307 250,520 147,590 94,865 52,725 164,432 63,315 227,746
2 Balatan 203,671 63,612 140,060 90,795 84,725 6,069 60,826 8,317 69,143
3 Bato 354,038 194,761 159,277 121,039 96,880 24,159 25,815 20,762 46,577
4 Bombon 154,300 53,745 100,555 57,229 41,789 15,439 62,118 27,718 89,836
5 Buhi 249,147 60,585 188,561 181,946 153,989 27,958 85,040 14,522 99,562
6 Bula 411,039 182,211 228,829 172,695 136,041 36,654 72,814 8,257 81,071
7 Cabusao 120,056 56,734 63,322 64,713 51,417 13,297 40,095 18,176 58,271
8 Calabanga 309,077 118,714 190,363 193,654 146,139 47,515 92,034 66,684 158,718
9 Camaligan 148,413 44,474 103,939 63,614 50,287 13,328 40,049 3,660 43,708
10 Canaman 137,059 32,739 104,320 95,180 75,850 19,330 47,438 (2,357) 45,081
11 Caramoan 242,198 79,470 162,728 164,246 137,512 26,734 47,587 15,059 62,646
12 Del Gallego 469,007 199,578 269,429 97,526 63,862 33,664 154,952 25,507 180,458
13 Gainza 81,352 31,697 49,654 48,371 37,597 10,774 18,651 1,728 20,379
14 Garchitorena 358,445 114,190 244,255 103,716 77,734 25,983 96,622 12,213 108,835
15 Goa 447,982 194,650 253,332 170,290 125,619 44,670 158,538 48,411 206,949
16 Lagonoy 251,282 88,947 162,334 163,263 128,434 34,829 123,515 25,908 149,423
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
17 Libmanan 801,120 358,012 443,108 252,665 164,547 88,118 228,531 69,395 297,926
18 Lupi 216,007 54,590 161,417 110,251 73,190 37,061 92,295 46,461 138,756
19 Magarao 144,820 62,499 82,321 75,274 62,324 12,950 32,780 13,545 46,325
20 Milaor 618,903 169,874 449,029 100,593 83,295 17,298 29,300 14,438 43,738
21 Minalabac 459,752 68,139 391,613 128,079 71,369 56,710 167,290 57,394 224,684
22 Nabua 489,621 203,399 286,222 196,668 134,017 62,651 78,485 44,460 122,945
23 Ocampo 233,804 111,744 122,060 119,038 96,304 22,734 60,398 4,453 64,850
24 Pamplona 240,178 93,065 147,113 99,216 60,456 38,760 90,397 45,101 135,498
25 Pasacao 266,041 62,691 203,350 136,464 103,225 33,239 55,568 22,588 78,156
26 Pili 500,037 154,182 345,855 307,158 191,436 115,722 162,181 68,557 230,737
27 Presentacion 87,124 31,179 55,945 78,988 69,415 9,573 15,133 (2,315) 12,818
28 Ragay 416,033 156,858 259,176 173,570 124,420 49,150 157,742 61,215 218,956
29 Sagnay 228,672 46,963 181,708 102,555 83,259 19,295 74,234 15,627 89,861
110

30 San Fernando 284,384 57,789 226,595 95,284 66,049 29,235 121,995 (14,114) 107,881
133

31 San Jose 183,330 56,159 127,171 98,358 76,879 21,479 27,055 17,941 44,996
32 Sipocot 390,112 206,875 183,237 170,186 139,113 31,074 193,000 26,720 219,720
33 Siruma 107,725 13,717 94,007 74,236 55,397 18,839 46,546 (9,839) 36,707
34 Tigaon 403,522 194,599 208,923 158,397 130,012 28,384 71,890 19,844 91,735
35 Tinambac 189,473 60,477 128,996 184,035 146,755 37,281 38,053 (10,551) 27,502
Sub-Total 10,651,548 3,882,225 6,769,323 4,596,881 3,434,202 1,162,679 3,033,395 848,797 3,882,192

Catanduanes
1 Bagamanoc 143,501 76,783 66,718 58,976 49,678 9,297 25,831 17,738 43,569
2 Baras 108,056 29,890 78,166 78,453 50,931 27,522 46,847 (3,628) 43,219
3 Bato 135,785 58,140 77,645 69,501 57,654 11,847 48,506 24,867 73,373
4 Caramoan 254,916 59,246 195,670 109,659 89,436 20,223 67,003 (10,077) 56,926
5 Gigmoto 102,453 48,592 53,861 66,455 56,184 10,271 28,488 19,711 48,200
6 Pandan 169,318 113,161 56,158 77,091 70,800 6,291 52,513 21,777 74,290
7 Panganiban 51,954 27,910 24,044 56,180 51,250 4,930 13,846 9,925 23,771
8 San Andres 244,918 98,483 146,435 111,789 96,439 15,349 78,993 14,630 93,623
9 San Miguel 76,952 9,649 67,304 70,934 71,117 (183) 59,641 (14,565) 45,077
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
10 Viga 132,020 60,682 71,338 85,523 64,825 20,698 61,843 31,637 93,481
11 Virac 540,402 124,691 415,712 207,780 164,533 43,247 256,163 23,565 279,728
Sub-Total 1,960,276 707,225 1,253,051 992,340 822,848 169,492 739,676 135,581 875,257

Masbate
1 Aroroy 996,051 355,727 640,323 381,609 326,564 55,045 245,615 (21,274) 224,341
2 Baleno 205,147 83,666 121,481 95,952 83,810 12,143 9,782 17,533 27,315
3 Balud 157,078 60,933 96,144 118,321 102,324 15,997 14,634 3,065 17,699
4 Batuan 150,848 79,666 71,182 59,321 46,694 12,627 29,008 15,091 44,099
5 Cataingan 395,793 126,651 269,142 163,729 131,597 32,132 49,576 17,064 66,640
6 Cawayan 423,361 107,127 316,233 167,873 149,409 18,465 53,462 19,457 72,919
7 Claveria 338,667 110,867 227,800 132,681 97,803 34,878 116,681 34,098 150,779
8 Dimasalang 200,541 63,522 137,020 99,278 82,401 16,877 41,989 3,743 45,732
9 Esperanza 172,620 68,171 104,450 65,892 50,522 15,370 48,865 3,646 52,511
110
134

10 Mandaon 280,463 45,383 235,080 126,637 94,570 32,066 49,378 46,992 96,370
11 Milagros 650,123 258,291 391,832 190,434 148,941 41,492 90,040 19,892 109,932
12 Mobo 233,935 100,630 133,305 110,757 89,002 21,755 59,685 15,900 75,585
13 Monreal 180,813 52,693 128,120 87,009 71,922 15,087 46,482 713 47,195
14 Palanas 204,677 62,171 142,506 95,938 82,127 13,810 53,772 2,336 56,108
15 Pio V. Corpuz 165,391 63,163 102,228 114,692 65,421 49,271 26,088 24,721 50,809
16 Placer 219,164 68,521 150,643 142,986 133,540 9,447 77,677 2,696 80,373
17 San Fernando 192,624 25,734 166,890 76,388 68,635 7,753 25,631 (5,862) 19,769
18 San Jacinto 264,757 76,977 187,780 92,098 68,850 23,248 101,189 35,137 136,326
19 San Pascual 337,518 85,519 251,999 152,022 119,213 32,809 151,949 4,423 156,372
20 Uson 361,902 122,325 239,577 140,579 88,609 51,970 70,175 87,182 157,357
Sub-Total 6,131,473 2,017,738 4,113,735 2,614,196 2,101,954 512,242 1,361,679 326,553 1,688,232

Sorsogon
1 Barcelona 160,076 43,675 116,401 70,052 60,346 9,707 39,070 (639) 38,430
2 Bulan 450,821 238,640 212,181 239,270 168,660 70,610 78,544 49,590 128,134
3 Bulusan 148,747 25,582 123,165 84,773 72,567 12,206 22,523 (7,542) 14,981
4 Casiguran 245,056 102,136 142,920 96,853 81,094 15,760 10,999 15,709 26,708
5 Castila 289,671 86,167 203,505 151,710 118,490 33,220 100,713 31,158 131,871
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
6 Donsol 313,596 125,765 187,831 166,564 130,296 36,268 128,786 45,455 174,241
7 Gubat 369,661 145,807 223,853 151,956 119,533 32,423 83,944 17,370 101,314
8 Irosin 246,112 86,023 160,089 186,001 153,886 32,115 77,407 9,872 87,279
9 Juban 265,125 124,597 140,528 105,312 86,434 18,877 41,967 28,083 70,050
10 Magallanes 245,949 82,804 163,145 112,820 84,219 28,601 56,063 21,641 77,704
11 Matnog 192,926 149,482 43,445 120,723 110,324 10,399 29,720 3,874 33,594
12 Pilar 516,492 93,243 423,250 225,261 184,541 40,720 82,436 39,723 122,159
13 Prieto Diaz 156,172 61,339 94,833 87,466 68,895 18,571 70,794 24,640 95,435
14 Santa Magdalena 157,840 54,374 103,466 62,922 52,132 10,789 20,549 3,528 24,077
Sub-Total 3,758,246 1,419,633 2,338,612 1,861,683 1,491,417 370,266 843,515 282,462 1,125,977
REGIONAL TOTAL 32,616,041 11,177,541 21,438,500 14,134,078 10,896,980 3,237,099 8,829,213 2,259,283 11,088,496

Region VI
110

Aklan
135

1 Altavas 248,177 110,665 137,513 93,318 70,876 22,442 56,071 23,970 80,041
2 Balete 258,366 48,322 210,043 94,075 75,993 18,082 26,092 26,346 52,438
3 Banga 200,034 62,036 137,999 107,479 87,966 19,514 60,531 3,366 63,898
4 Batan 160,640 57,111 103,529 94,092 75,385 18,707 76,846 24,527 101,373
5 Buruanga 166,139 50,843 115,297 95,333 70,517 24,816 56,340 1,453 57,793
6 Ibajay 342,828 102,561 240,266 137,430 112,331 25,099 108,865 17,483 126,348
7 Kalibo 825,971 196,542 629,429 339,992 241,346 98,647 181,670 16,073 197,743
8 Lezo 92,355 22,648 69,706 55,848 40,663 15,185 18,861 20,033 38,894
9 Libacao 200,114 118,364 81,750 108,985 92,809 16,175 65,810 26,858 92,668
10 Madalag 156,827 84,419 72,408 93,902 78,714 15,188 77,255 10,640 87,895
11 Makato 199,958 42,504 157,455 82,753 68,474 14,278 73,952 15,710 89,662
12 Malay 1,121,603 316,944 804,658 560,585 406,779 153,806 417,410 136,050 553,460
13 Malinao 333,262 125,799 207,463 92,539 60,286 32,253 124,371 18,749 143,120
14 Nabas 257,370 60,789 196,581 128,630 80,568 48,062 113,149 51,944 165,094
15 New Washington 279,895 68,703 211,192 118,402 83,427 34,974 86,590 27,705 114,296
16 Numancia 250,456 57,048 193,408 98,967 65,346 33,620 58,035 36,471 94,507
17 Tangalan 193,083 62,507 130,576 91,868 57,553 34,315 45,017 28,172 73,190
Sub-Total 5,287,077 1,587,804 3,699,272 2,394,199 1,769,035 625,164 1,646,868 485,551 2,132,418
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Antique
1 Anini-y 106,459 42,110 64,349 80,537 68,670 11,867 27,435 23,304 50,739
2 Barbaza 138,064 47,827 90,237 86,934 75,567 11,368 85,410 261 85,671
3 Belison 91,479 15,466 76,012 53,607 39,294 14,312 33,545 4,024 37,569
4 Bugasong 252,502 98,765 153,737 116,250 90,834 25,416 72,637 6,943 79,580
5 Caluya 1,483,748 394,485 1,089,263 491,091 319,931 171,160 657,606 28,363 685,970
6 Culasi 294,855 122,710 172,145 131,796 90,801 40,995 79,042 42,795 121,837
7 Hamtic 236,920 118,277 118,643 121,810 105,507 16,303 53,148 43,159 96,307
8 Laua-an 206,022 55,050 150,972 83,303 59,864 23,439 102,134 23,447 125,581
9 Libertad 106,363 46,899 59,465 67,548 67,191 358 53,960 941 54,900
10 Pandan 233,298 126,701 106,596 106,428 83,390 23,038 67,940 21,895 89,835
11 Patnongon 192,276 32,933 159,344 116,965 76,409 40,555 61,468 17,300 78,767
12 San Jose de Bautista 414,432 122,102 292,329 219,417 186,505 32,912 142,865 18,666 161,531
110
136

13 San Remegio 255,125 207,723 47,402 137,624 109,642 27,982 102,513 3,025 105,538
14 Sebaste 244,640 122,065 122,575 87,356 72,832 14,525 58,752 23,854 82,605
15 Sibalom 390,598 116,359 274,238 172,509 134,124 38,384 126,447 25,476 151,924
16 Tibiao 199,729 71,796 127,933 98,466 76,136 22,330 96,847 28,685 125,531
17 Tobias Fornier 201,437 74,954 126,483 100,016 81,589 18,427 79,312 15,910 95,222
18 Valderrama 193,895 88,798 105,097 97,676 83,275 14,400 77,170 9,971 87,141
Sub-Total 5,241,843 1,905,022 3,336,821 2,369,331 1,821,562 547,770 1,978,228 338,019 2,316,247

Capiz
1 Cuartero 136,297 31,846 104,451 91,915 75,950 15,965 38,222 156 38,378
2 Dao 70,932 21,033 49,899 92,696 70,941 21,754 24,791 5,064 29,856
3 Dumalag 250,602 71,106 179,496 90,155 76,162 13,993 45,300 15,227 60,527
4 Dumarao 225,507 41,972 183,535 136,606 108,234 28,372 75,067 (1,050) 74,017
5 Ivisan 245,071 87,591 157,479 86,732 57,443 29,288 113,419 13,031 126,450
6 Jamindan 159,179 30,766 128,413 141,813 109,028 32,786 25,546 29,470 55,016
7 Maayon 246,059 83,671 162,388 114,318 76,869 37,449 55,720 31,585 87,305
8 Mambusao 228,554 71,724 156,830 114,577 88,258 26,318 57,464 (14,195) 43,269
9 Panay 163,961 65,404 98,557 120,524 83,072 37,452 42,472 43,687 86,159
10 Panitan 156,070 72,310 83,760 104,157 84,750 19,407 53,021 15,468 68,488
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
11 Pilar 264,080 63,645 200,435 132,162 90,635 41,526 26,772 21,233 48,005
12 Pontevedra 207,417 67,085 140,332 124,253 97,372 26,881 39,864 26,371 66,235
13 Pres. Roxas 261,968 81,710 180,258 102,190 86,590 15,600 70,338 5,104 75,442
14 Sapian 173,412 46,068 127,344 83,853 84,082 (229) 55,380 9,909 65,288
15 Sigma 203,850 79,928 123,921 94,657 83,450 11,207 45,438 22,667 68,105
16 Tapaz 280,564 85,957 194,607 183,143 155,997 27,147 136,928 3,234 140,163
Sub-Total 3,273,523 1,001,817 2,271,706 1,813,750 1,428,834 384,916 905,741 226,960 1,132,701

Guimaras
1 Buenavista 250,495 93,187 157,308 138,151 110,864 27,286 66,639 39,016 105,655
2 Jordan 204,623 92,931 111,692 118,622 95,351 23,271 64,466 35,275 99,741
3 Nueva Valencia 272,823 62,248 210,575 111,889 91,160 20,729 58,750 30,586 89,336
4 San Lorenzo 170,605 92,992 77,613 87,060 81,853 5,207 87,503 12,272 99,774
5 Sibunag 193,687 88,521 105,166 78,833 62,125 16,708 55,374 19,433 74,807
110

Sub-Total 1,092,234 429,879 662,355 534,554 441,353 93,201 332,732 136,582 469,313
137

Iloilo
1 Ajuy 258,883 78,146 180,737 129,697 82,397 47,300 109,859 58,942 168,801
2 Alimodian 239,240 66,806 172,434 113,488 100,947 12,541 52,753 (16,276) 36,477
3 Anilao 220,127 98,483 121,644 91,035 72,270 18,764 84,200 (10,857) 73,343
4 Badiangan 184,275 70,595 113,680 81,904 58,054 23,850 89,198 6,012 95,209
5 Balasan 237,702 82,890 154,812 100,124 69,607 30,517 124,169 10,541 134,710
6 Banate 221,229 71,082 150,147 102,042 78,358 23,684 75,989 13,919 89,908
7 Barotac Nuevo - - - - - - - - -
8 Barotac Viejo 248,532 83,330 165,202 131,324 96,571 34,753 106,752 5,277 112,029
9 Batad 180,518 57,466 123,051 69,503 49,189 20,315 95,138 20,964 116,102
10 Bingawan 147,573 39,283 108,290 65,979 62,452 3,526 23,408 5,010 28,417
11 Cabatuan 364,075 153,468 210,607 147,723 110,767 36,957 96,768 33,589 130,357
12 Calinog 389,667 178,779 210,888 172,706 137,314 35,392 104,418 33,750 138,168
13 Carles 258,547 82,509 176,038 157,542 129,645 27,897 53,121 (2,462) 50,658
14 Concepcion 218,507 84,909 133,598 123,901 90,757 33,144 105,138 7,386 112,525
15 Dingle 499,489 134,819 364,670 143,647 94,342 49,304 86,648 20,739 107,387
16 Dueñas 241,686 85,119 156,567 98,342 67,562 30,781 97,552 2,374 99,926
17 Dumangas 455,043 108,444 346,600 167,243 129,343 37,899 134,950 38,640 173,590
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
18 Estancia 178,559 73,791 104,768 141,057 99,385 41,671 62,442 50,084 112,526
19 Guimbal 253,386 62,656 190,730 97,802 61,371 36,431 137,730 34,594 172,324
20 Igbaras 254,978 75,202 179,776 102,217 70,028 32,189 122,504 8,893 131,398
21 Janiuay 377,780 98,911 278,869 168,061 139,648 28,413 113,021 48,863 161,884
22 Lambunao 422,641 206,944 215,697 194,853 158,823 36,031 75,773 33,874 109,647
23 Leganes 243,142 87,514 155,628 103,635 75,786 27,849 43,468 39,484 82,952
24 Lemery 240,686 87,822 152,864 94,160 72,529 21,630 106,944 26,305 133,249
25 Leon 434,512 132,539 301,973 144,060 117,858 26,202 152,674 37,132 189,806
26 Maasin 219,108 70,595 148,513 106,989 78,303 28,687 101,537 28,610 130,147
27 Miag-ao 463,845 177,060 286,784 175,311 123,555 51,755 124,580 79,690 204,270
28 Mina 349,516 141,403 208,113 79,798 60,293 19,506 66,779 16,891 83,670
29 New Lucena 234,662 92,150 142,512 75,937 55,970 19,967 92,881 27,542 120,424
30 Oton 551,347 152,982 398,365 220,029 152,122 67,906 194,527 38,553 233,080
31 Pavia 489,525 98,127 391,398 206,556 122,084 84,472 213,129 82,433 295,561
110
138

32 Pototan 480,879 170,085 310,794 190,109 126,889 63,220 191,657 74,168 265,825
33 San Dionisio 232,612 75,973 156,639 132,530 77,520 55,009 80,692 30,296 110,988
34 San Enrique 70,738 28,251 42,486 102,902 92,097 10,805 24,624 10,141 34,765
35 San Joaquin 481,845 129,360 352,485 148,613 81,327 67,285 233,164 92,136 325,300
36 San Miguel 296,783 85,968 210,815 96,512 63,786 32,726 84,448 59,923 144,372
37 San Rafael 228,235 99,306 128,929 64,667 44,097 20,570 60,052 40,211 100,263
38 Sara 189,647 119,614 70,033 141,289 138,439 2,850 11,054 19,551 30,606
39 Sta. Barbara 439,096 161,809 277,287 181,567 111,955 69,611 132,935 72,175 205,110
40 Tigbauan 338,477 80,552 257,926 150,875 101,772 49,103 117,306 44,754 162,060
41 Tubungan 181,052 57,351 123,701 78,469 58,729 19,740 48,756 19,252 68,007
42 Zarraga 242,260 97,260 145,000 87,686 67,547 20,139 47,965 14,818 62,783
Sub-Total 12,260,406 4,139,354 8,121,052 5,181,884 3,781,489 1,400,396 4,080,703 1,257,921 5,338,625
REGIONAL TOTAL 27,155,082 9,063,876 18,091,206 12,293,718 9,242,273 3,051,445 8,944,272 2,445,032 11,389,305

Region VII
Bohol
1 Albuquerque 133,074 55,540 77,534 55,715 46,687 9,028 56,283 19,187 75,469
2 Alicia 234,953 126,979 107,975 102,544 82,666 19,878 74,945 23,407 98,352
3 Anda 131,075 52,843 78,232 72,930 69,958 2,972 45,231 1,024 46,255
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
4 Antequera 226,388 85,789 140,599 93,752 91,268 2,484 64,576 (8,628) 55,948
5 Baclayon 124,964 54,699 70,264 82,311 65,666 16,646 44,929 40,253 85,182
6 Balilihan 252,838 130,036 122,801 117,133 93,211 23,922 109,012 11,107 120,119
7 Batuan 213,103 79,595 133,508 68,929 55,085 13,844 97,559 38,990 136,549
8 Bien Unido 124,315 39,681 84,633 90,543 76,352 14,191 22,966 24,776 47,743
9 Bilar 171,652 56,464 115,189 98,379 80,764 17,615 34,761 19,993 54,754
10 Buenavista 245,431 88,616 156,815 143,994 130,535 13,459 60,351 10,286 70,637
11 Calape 324,447 76,857 247,589 207,755 188,016 19,739 87,222 16,845 104,067
12 Candijay 177,464 59,209 118,254 110,639 92,067 18,573 26,245 12,615 38,860
13 Carmen 497,739 133,016 364,722 244,887 196,456 48,432 140,299 58,578 198,878
14 Catigbian 364,159 172,808 191,351 106,311 75,875 30,436 106,989 26,364 133,353
15 Clarin 247,363 62,469 184,894 84,036 71,811 12,225 33,852 21,180 55,032
16 Corella 104,027 33,543 70,484 55,819 46,256 9,563 44,029 1,751 45,780
139
110

17 Cortes 138,397 30,134 108,263 78,242 56,037 22,205 50,510 43,653 94,163
18 Dagohoy 175,761 64,908 110,853 91,949 82,354 9,595 43,130 23,573 66,703
19 Danao 249,071 130,119 118,953 111,151 100,077 11,075 89,118 15,283 104,401
20 Dauis 259,778 48,698 211,079 130,932 89,733 41,200 105,107 38,453 143,559
21 Dimiao 214,730 75,060 139,670 83,619 62,567 21,052 74,401 10,161 84,563
22 Duero 170,012 66,048 103,965 84,144 66,428 17,715 56,504 16,469 72,973
23 Garcia-Hernandez 162,851 50,767 112,083 95,674 71,429 24,244 69,910 28,353 98,263
24 Getafe 251,950 67,756 184,194 109,864 82,363 27,501 114,304 18,252 132,556
25 Guindulman 384,206 128,744 255,462 126,170 99,845 26,325 73,180 38,107 111,287
26 Inabanga 539,790 204,472 335,318 204,765 91,151 113,614 166,093 23,795 189,888
27 Jagna 191,973 53,470 138,503 132,778 110,236 22,541 82,872 26,694 109,566
28 Lila 160,598 59,249 101,349 75,442 60,806 14,636 39,847 16,963 56,810
29 Loay 164,771 78,652 86,119 76,945 64,763 12,181 54,641 35,608 90,249
30 Loboc 213,713 60,196 153,516 129,993 105,926 24,066 80,568 25,508 106,076
31 Loon 534,365 162,831 371,534 216,298 102,321 113,977 239,707 26,999 266,706
32 Mabini 198,368 48,070 150,299 106,819 90,969 15,850 53,167 17,894 71,062
33 Maribojoc 274,359 169,384 104,975 90,680 74,093 16,587 100,462 21,715 122,177
34 Panglao 498,570 136,628 361,942 166,180 103,449 62,732 174,429 63,911 238,340
35 Pilar 215,951 119,150 96,801 108,134 103,405 4,730 62,637 14,371 77,008
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
36 Pres. C. P. Garcia 144,825 45,635 99,190 98,011 83,690 14,321 48,843 6,101 54,945
37 Sagbayan 303,363 47,483 255,880 180,785 171,480 9,305 76,821 (28,009) 48,812
38 San Isidro 169,438 58,506 110,932 66,429 59,144 7,286 47,247 7,366 54,614
39 San Miguel 225,154 97,068 128,086 102,408 89,760 12,647 82,520 (8,778) 73,742
40 Sevilla 292,533 167,134 125,399 74,630 58,741 15,888 79,466 7,590 87,056
41 Sierra-Bullones 295,008 84,197 210,811 109,536 91,124 18,412 61,125 14,983 76,108
42 Sikatuna 153,072 50,424 102,648 58,227 48,925 9,302 59,702 4,395 64,097
43 Talibon 501,730 149,238 352,492 224,740 172,232 52,508 143,768 31,813 175,580
44 Trinidad 320,036 79,580 240,456 173,613 128,522 45,091 120,663 26,651 147,314
45 Tubigon 501,027 156,659 344,369 212,366 178,347 34,020 89,661 7,426 97,087
46 Ubay 369,513 132,632 236,880 237,267 201,507 35,760 133,296 58,315 191,611
47 Valencia 420,439 61,202 359,237 101,679 67,977 33,702 171,145 15,803 186,948
Sub-Total 12,268,345 4,192,240 8,076,105 5,595,147 4,432,072 1,163,075 3,894,094 967,148 4,861,242
140
110

Cebu
1 Alcantara 166,373 46,756 119,617 70,113 53,677 16,436 73,013 12,584 85,597
2 Alcoy 291,088 80,166 210,922 80,468 56,695 23,773 130,657 21,902 152,559
3 Alegria 216,297 73,147 143,150 135,266 103,825 31,441 36,056 43,200 79,257
4 Aloquinsan 215,936 59,350 156,586 100,386 68,641 31,744 89,950 52,629 142,579
5 Argao - - - - - - - - -
6 Asturias 333,024 120,719 212,305 179,746 160,595 19,151 89,196 32,681 121,877
7 Badian 352,726 103,415 249,311 141,000 81,750 59,250 160,966 50,679 211,645
8 Balamban 1,086,128 232,203 853,926 346,083 262,514 83,569 336,141 53,188 389,329
9 Bantayan 413,232 107,777 305,455 206,151 160,052 46,099 159,904 56,927 216,831
10 Barili 372,016 134,083 237,933 197,836 171,181 26,655 146,910 5,179 152,089
11 Boljo-on 240,599 79,384 161,215 93,849 67,639 26,210 112,723 (496) 112,228
12 Borbon 213,638 88,941 124,697 98,131 73,064 25,067 75,871 33,485 109,356
13 Carmen 476,845 95,269 381,575 173,961 105,646 68,315 178,198 23,204 201,402
14 Catmon 299,256 70,799 228,457 99,783 59,446 40,337 175,445 35,896 211,341
15 Compostela 323,475 93,849 229,626 150,383 109,272 41,111 103,461 8,230 111,691
16 Consolacion 1,098,915 374,595 724,321 374,569 241,265 133,305 349,057 154,287 503,344
17 Cordova 334,697 74,801 259,896 165,170 115,044 50,126 69,259 25,058 94,317
18 Daan Bantayan 450,815 95,025 355,790 213,428 163,884 49,544 171,970 70,453 242,423
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
19 Dalaguete 411,307 159,155 252,152 208,645 143,355 65,291 67,623 48,665 116,288
20 Dumanjug 385,486 129,851 255,635 156,328 107,700 48,628 121,947 33,190 155,137
21 Ginatilan 175,625 45,835 129,790 75,850 60,858 14,992 44,934 18,669 63,603
22 Liloan 750,875 316,032 434,843 284,720 202,837 81,884 158,655 102,588 261,243
23 Madridejos 249,393 138,615 110,778 137,532 93,248 44,284 12,468 25,902 38,370
24 Malabuyoc 193,921 56,189 137,732 93,394 73,526 19,868 94,318 (9,974) 84,345
25 Medellin 257,178 137,049 120,129 164,761 153,788 10,973 53,322 1,545 54,868
26 Minglanilla 1,067,825 255,848 811,977 337,419 175,975 161,444 513,093 158,748 671,841
27 Moalboal 273,755 57,049 216,706 151,961 147,999 3,962 79,655 (5,714) 73,941
28 Oslob 586,405 73,082 513,324 237,406 103,213 134,193 317,303 123,686 440,989
29 Pilar 155,257 59,834 95,423 51,739 43,160 8,579 60,389 6,389 66,778
30 Pinamungahan 478,469 121,998 356,470 176,262 114,892 61,370 168,037 44,388 212,425
31 Poro 222,662 114,359 108,303 102,712 78,766 23,946 40,831 31,634 72,465
141
110

32 Ronda 177,681 53,943 123,738 83,254 64,252 19,002 46,405 36,050 82,455
33 Samboan 244,791 33,373 211,418 112,650 55,292 57,358 53,261 27,357 80,617
34 San Fernando 481,769 98,294 383,475 209,097 163,951 45,146 116,416 64,457 180,872
35 San Francisco 209,636 56,966 152,670 142,381 119,053 23,328 33,290 20,235 53,525
36 San Remegio 269,321 90,069 179,252 162,046 144,799 17,247 65,250 (4,335) 60,915
37 Santa Fe 216,263 74,642 141,620 101,275 91,542 9,733 95,825 (10,413) 85,412
38 Santander 226,505 71,609 154,896 127,037 91,061 35,976 60,322 22,648 82,969
39 Sibonga 399,198 64,698 334,500 153,574 108,372 45,202 145,758 19,660 165,418
40 Sogod 315,335 63,594 251,741 223,496 159,003 64,494 51,317 41,214 92,531
41 Tabogon 233,027 93,357 139,670 144,019 117,998 26,021 54,142 (16,413) 37,730
42 Tabuelan 294,502 116,971 177,531 124,060 90,627 33,433 123,735 37,084 160,819
43 Tuburan 499,620 182,657 316,963 200,450 155,226 45,224 220,493 46,139 266,632
44 Tudela 84,075 16,808 67,267 89,752 56,218 33,534 16,740 (4,430) 12,309
Sub-Total 15,744,940 4,612,158 11,132,782 6,878,142 4,970,898 1,907,244 5,274,306 1,538,056 6,812,362

Siquijor
1 E. Villanueva 84,603 37,826 46,777 46,404 37,592 8,812 33,888 14,476 48,364
2 Larena 205,729 109,527 96,203 90,033 74,347 15,685 44,348 31,991 76,339
3 Lazi 222,621 50,549 172,072 83,391 52,702 30,689 101,119 24,864 125,983
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
4 Maria 81,633 32,699 48,934 62,318 52,411 9,907 41,235 15,079 56,314
5 San Juan 211,540 71,395 140,145 64,396 45,939 18,456 99,652 28,208 127,860
6 Siquijor 250,822 65,767 185,055 117,371 91,489 25,882 70,472 18,215 88,687
Sub-Total 1,056,948 367,762 689,186 463,912 354,481 109,431 390,715 132,831 523,546
REGIONAL TOTAL 29,070,234 9,172,160 19,898,073 12,937,201 9,757,451 3,179,751 9,559,115 2,638,035 12,197,150

Region VIII

Biliran
1 Almeria 79,402 26,010 53,391 78,648 67,955 10,692 27,355 11,619 38,975
2 Biliran 181,518 75,010 106,508 72,119 52,466 19,654 56,799 24,242 81,041
3 Cabucgayan 103,357 47,019 56,338 77,656 71,841 5,815 18,664 4,724 23,387
4 Caibiran 137,146 87,227 49,919 87,072 83,088 3,984 43,631 17,344 60,974
142

5 Culaba 113,225 72,593 40,633 62,860 53,658 9,201 32,169 (5,849) 26,321
110

6 Kawayan 146,143 61,150 84,993 89,492 76,128 13,363 28,276 11,772 40,048
7 Maripipi - - - - - - - - -
8 Naval 229,009 55,743 173,266 177,199 177,449 (250) 56,311 5,067 61,378
Sub-Total 989,801 424,752 565,048 645,045 582,586 62,459 263,205 68,920 332,125

Eastern Samar
1 Arteche 165,634 63,856 101,777 116,322 64,489 51,833 40,218 (14,738) 25,480
2 Balangiga 209,419 78,408 131,012 105,266 68,510 36,756 65,650 1,892 67,542
3 Balangkayan 201,051 123,951 77,100 74,222 58,932 15,290 10,795 14,853 25,648
4 Can-avid 231,029 98,387 132,643 101,155 77,190 23,966 50,137 (2,011) 48,126
5 Dolores 453,600 201,460 252,140 156,681 151,327 5,354 78,989 27,884 106,873
6 Gen. Mcarthur 144,447 50,238 94,209 75,528 44,795 30,733 49,418 29,285 78,702
7 Giporlos 228,918 64,084 164,835 61,601 53,530 8,072 31,233 14,154 45,386
8 Guiuan 608,240 149,738 458,502 148,300 119,866 28,435 136,520 20,573 157,093
9 Hernani 145,263 46,291 98,971 124,774 51,947 72,827 23,171 28,216 51,388
10 Jipapad 104,094 42,828 61,265 73,102 60,387 12,716 42,368 29,281 71,649
11 Lawa-an 161,460 102,590 58,870 73,628 48,422 25,206 48,714 (3,589) 45,125
12 Llorente 378,655 185,435 193,219 144,014 111,335 32,679 141,902 57,287 199,189
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
13 Maslog 128,842 33,942 94,900 72,249 48,152 24,097 22,108 31,210 53,318
14 Maydolong 167,602 42,685 124,917 109,073 89,085 19,988 36,143 24,723 60,866
15 Mercedes 95,194 40,402 54,792 40,971 27,609 13,362 29,161 40,343 69,504
16 Oras 106,829 43,327 63,502 145,100 130,388 14,711 15,540 7,605 23,145
17 Quinapondan 200,194 142,160 58,035 85,753 82,618 3,135 59,646 1,961 61,606
18 Salcedo 179,294 119,375 59,920 83,863 79,924 3,939 26,574 60,194 86,769
19 San Julian 215,154 63,802 151,352 83,752 64,536 19,215 50,137 21,455 71,592
20 San Policarpio 130,620 53,199 77,421 62,450 46,583 15,868 39,680 31,080 70,760
21 Sulat 173,549 75,209 98,340 74,947 65,766 9,182 54,865 1,576 56,441
22 Taft 123,668 35,935 87,734 102,919 78,238 24,681 30,865 29,466 60,332
Sub-Total 4,552,757 1,857,300 2,695,457 2,115,671 1,623,628 492,043 1,083,834 452,699 1,536,533

Leyte
143

1 Abuyog 684,258 186,190 498,067 300,441 240,377 60,064 143,920 55,309 199,230
110

2 Alang-alang 426,687 203,428 223,259 175,778 137,731 38,047 93,442 54,061 147,504
3 Albuera 416,389 75,863 340,526 159,251 97,791 61,460 197,296 31,475 228,771
4 Babatngon 178,016 75,326 102,690 109,012 89,541 19,471 54,466 34,531 88,997
5 Barugo 238,262 97,042 141,220 118,149 110,079 8,070 73,022 30,096 103,119
6 Bato 249,776 91,392 158,383 123,219 105,231 17,987 28,943 35,694 64,637
7 Burauen 565,124 160,729 404,395 169,080 120,929 48,152 201,006 77,840 278,846
8 Calubian 181,720 108,830 72,889 112,002 94,306 17,696 23,636 2,479 26,115
9 Capoocan 344,964 133,739 211,225 113,019 103,465 9,554 189,211 15,660 204,871
10 Carigara 380,257 127,287 252,969 151,325 86,924 64,401 135,890 48,762 184,652
11 Dagami 297,914 96,512 201,402 116,703 88,217 28,487 72,463 61,579 134,042
12 Dulag 354,616 100,951 253,665 128,178 91,804 36,374 124,554 40,459 165,014
13 Hilongos 572,717 115,696 457,021 230,340 188,420 41,920 92,330 45,064 137,394
14 Hindang 305,283 95,732 209,551 84,723 60,975 23,748 109,311 48,956 158,267
15 Inopacan 187,361 93,644 93,716 108,362 82,033 26,329 60,966 33,469 94,435
16 Isabel 638,238 393,509 244,729 244,033 184,008 60,025 93,757 (15,791) 77,965
17 Jaro 435,922 182,868 253,054 198,499 127,290 71,208 90,893 51,487 142,380
18 Javier 594,327 378,024 216,302 167,878 153,743 14,135 152,168 3,257 155,425
19 Julita 267,221 107,421 159,800 70,494 59,231 11,263 49,407 43,267 92,675
20 Kananga 1,083,638 513,669 569,969 243,767 175,064 68,702 321,878 3,729 325,607
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
21 La Paz 265,332 163,584 101,748 74,453 64,966 9,487 58,697 15,241 73,938
22 Leyte 358,991 131,382 227,609 143,344 115,649 27,695 126,216 25,294 151,510
23 Mahaplag 255,207 164,244 90,964 91,710 85,823 5,887 36,054 25,395 61,450
24 Matag-ob 215,075 82,584 132,491 88,374 60,211 28,163 127,148 (13,525) 113,623
25 Matalom 350,396 144,710 205,686 117,104 82,485 34,619 97,984 66,119 164,104
26 Mayorga 160,799 38,673 122,125 66,056 70,796 (4,740) 31,583 12,521 44,104
27 McArthur 114,822 42,275 72,547 88,219 69,786 18,433 26,279 7,615 33,894
28 Merida 208,791 62,614 146,177 100,190 71,984 28,206 83,161 33,350 116,511
29 Palo 683,405 223,199 460,206 194,649 113,486 81,163 318,865 49,237 368,103
30 Palompon 572,767 253,438 319,329 239,650 176,188 63,461 91,594 30,839 122,433
31 Pastrana 163,006 73,781 89,225 66,645 66,146 499 35,352 16,593 51,945
32 San Isidro 321,135 192,002 129,133 167,831 107,647 60,184 26,921 21,998 48,919
33 San Miguel 217,373 71,131 146,242 90,902 57,849 33,052 50,645 12,052 62,697
144

34 Sta. Fe 175,538 49,586 125,952 77,358 61,112 16,246 67,450 18,189 85,639
110

35 Tabango 262,683 134,036 128,648 140,324 113,140 27,183 50,306 (3,187) 47,119
36 Tabon-Tabon 114,744 57,214 57,530 52,346 43,309 9,038 35,980 39,904 75,884
37 Tanauan 433,463 106,899 326,564 167,032 131,650 35,382 171,061 19,048 190,109
38 Tolosa 177,313 77,212 100,100 68,967 58,703 10,264 20,422 13,315 33,737
39 Tunga 85,109 30,689 54,420 48,346 33,002 15,344 24,465 (8,381) 16,084
40 Vilaba 279,485 152,194 127,291 133,068 119,579 13,489 87,159 53,933 141,092
Sub-Total 13,818,123 5,589,301 8,228,822 5,340,822 4,100,671 1,240,151 3,875,905 1,136,936 5,012,841

Northern Samar
1 Allen 247,086 126,776 120,311 112,651 102,254 10,397 4,612 2,897 7,509
2 Biri 127,843 59,835 68,008 69,203 58,654 10,549 23,644 20,518 44,162
3 Bobon 257,123 154,277 102,845 94,127 76,145 17,982 31,556 10,269 41,825
4 Capul 126,151 53,570 72,581 71,575 60,506 11,069 41,659 (4,150) 37,509
5 Catarman 643,117 118,644 524,473 521,498 438,765 82,733 40,474 41,444 81,918
6 Catubig 306,180 150,393 155,786 118,665 89,453 29,212 135,480 25,903 161,383
7 Gamay 326,109 158,680 167,429 134,008 113,874 20,134 48,505 1,901 50,406
8 Laoang 436,350 142,567 293,783 160,597 102,640 57,957 155,204 57,499 212,703
9 Lapinig 120,582 27,222 93,360 104,419 80,171 24,247 41,293 12,578 53,871
10 Las Navas 325,285 128,485 196,800 127,014 82,824 44,190 58,712 34,481 93,193
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
11 Lavezares 227,614 72,161 155,453 156,244 141,923 14,322 42,786 21,754 64,540
12 Lope de Vega 152,030 49,374 102,656 108,081 85,396 22,685 43,746 14,599 58,345
13 Mapanas 228,660 58,409 170,251 88,561 76,584 11,977 31,032 39,327 70,359
14 Mondragon 366,402 139,368 227,034 179,688 125,171 54,516 117,980 63,033 181,013
15 Palapag 305,029 89,723 215,306 173,967 138,581 35,386 89,146 52,689 141,835
16 Pambujan 196,400 58,565 137,835 159,930 143,230 16,699 49,347 37,991 87,338
17 Rosario 89,292 46,180 43,111 69,143 62,694 6,449 31,686 (4,754) 26,933
18 San Antonio 81,836 43,023 38,814 62,353 50,651 11,702 29,845 19,936 49,781
19 San Isidro 242,340 83,211 159,129 134,584 102,081 32,503 73,694 14,875 88,569
20 San Jose 132,385 52,017 80,368 93,707 82,492 11,216 40,725 27,600 68,325
21 San Roque 218,611 84,473 134,138 162,211 137,447 24,765 60,663 42,206 102,870
22 San Vicente 79,736 24,296 55,440 42,151 29,384 12,766 18,549 23,654 42,203
23 Silvino Lubos 235,379 67,694 167,686 103,922 81,784 22,138 49,498 27,087 76,585
145
110

24 Victoria 287,070 128,979 158,091 108,193 90,504 17,688 68,512 426 68,938
Sub-Total 5,758,612 2,117,923 3,640,689 3,156,492 2,553,208 603,284 1,328,348 583,764 1,912,112

Samar
1 Almagro - - - - - - - - -
2 Basey 566,382 131,437 434,945 244,260 175,458 68,802 87,053 24,728 111,781
3 Calbiga 317,974 154,636 163,337 108,021 100,361 7,659 18,292 27,089 45,381
4 Daram 302,861 180,632 122,229 118,759 101,945 16,814 38,603 49,500 88,103
5 Gandara 235,335 30,223 205,112 157,496 134,888 22,608 28,560 (3,532) 25,028
6 Hinabangan 209,288 43,302 165,986 116,428 76,446 39,982 20,605 31,243 51,848
7 Jiabong 84,889 24,119 60,771 65,303 51,207 14,095 17,827 4,154 21,981
8 Marabut 284,008 67,936 216,073 160,092 73,478 86,614 37,319 13,369 50,688
9 Matuguinao 98,238 18,018 80,220 67,893 53,079 14,814 23,409 11,402 34,811
10 Motiong 137,321 51,710 85,610 98,364 94,723 3,641 16,878 19,174 36,052
11 Pagsanghan 142,322 35,032 107,291 63,106 48,377 14,729 21,581 5,796 27,377
12 Paranas 373,515 103,138 270,377 155,611 118,059 37,551 61,107 19,165 80,272
13 Pinabacdao 157,414 70,244 87,170 95,273 76,224 19,049 29,607 15,363 44,971
14 San Jorge 148,549 66,702 81,847 92,126 77,195 14,931 30,174 45,165 75,339
15 San Jose de Bauan 162,774 41,221 121,553 102,914 75,738 27,176 38,400 30,139 68,538
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
16 San Sebastian 105,007 36,157 68,850 49,766 40,307 9,458 18,118 21,297 39,416
17 Sta. Margarita 158,645 94,824 63,821 100,832 93,217 7,615 29,418 1,263 30,681
18 Sta. Rita 445,245 221,579 223,667 154,582 118,229 36,354 30,405 62,119 92,524
19 Sto. Niño 135,394 32,806 102,589 47,235 42,930 4,305 28,172 (1,870) 26,302
20 Tagapul-an 48,749 8,549 40,200 45,793 32,159 13,634 4,411 2,652 7,063
21 Talalora 121,476 45,363 76,112 44,202 31,306 12,896 27,804 19,285 47,089
22 Tarangnan 211,379 84,792 126,587 98,160 84,702 13,458 22,658 32,608 55,266
23 Villareal 176,491 79,568 96,923 101,870 77,844 24,027 18,814 30,133 48,946
24 Zumarraga 56,295 27,740 28,555 67,502 63,959 3,543 19,189 5,253 24,442
Sub-Total 4,679,553 1,649,729 3,029,824 2,355,586 1,841,832 513,754 668,405 465,496 1,133,902

Southern Leyte
146

1 Anahawan 135,629 80,264 55,365 56,858 54,264 2,595 27,813 17,413 45,226
110

2 Bontoc 209,075 114,070 95,004 91,729 69,241 22,488 49,544 6,373 55,917
3 Hinunangan 198,212 81,806 116,405 122,041 83,200 38,841 41,773 33,754 75,527
4 Hinundayan 144,782 62,979 81,803 61,649 55,782 5,868 43,563 13,553 57,116
5 Libagon 217,642 62,431 155,211 73,393 63,318 10,074 23,744 16,024 39,768
6 Liloan 286,423 100,515 185,908 83,669 54,527 29,142 59,525 54,707 114,233
7 Limasawa 154,480 84,055 70,425 45,954 38,508 7,446 37,057 23,471 60,528
8 Macrohon 259,598 81,274 178,324 97,851 79,033 18,819 76,733 14,337 91,070
9 Malitbog 201,427 53,013 148,414 78,573 52,137 26,436 36,883 8,298 45,181
10 Padre Burgos 122,528 66,372 56,157 55,064 44,343 10,721 20,298 12,779 33,077
11 Pintuyan 175,041 74,352 100,689 51,630 34,492 17,138 51,995 26,166 78,161
12 San Francisco 167,211 73,338 93,873 62,437 47,915 14,522 29,310 22,350 51,660
13 San Juan 140,028 58,718 81,309 78,101 60,178 17,923 63,908 36,001 99,909
14 San Ricardo 159,652 59,730 99,922 55,464 43,182 12,282 42,907 22,791 65,698
15 Silago 193,785 37,604 156,181 79,490 61,787 17,703 14,425 25,774 40,198
16 Sogod 381,229 187,587 193,641 186,419 173,590 12,829 59,012 (7,189) 51,824
17 St. Bernard 217,877 88,828 129,049 105,176 90,781 14,396 22,653 39,092 61,744
18 Tomas Uppos 129,580 64,390 65,189 65,041 56,453 8,588 47,831 16,899 64,730
Sub-Total 3,494,196 1,431,326 2,062,870 1,450,538 1,162,728 287,809 748,974 382,594 1,131,568
REGIONAL TOTAL 33,293,042 13,070,331 20,222,711 15,064,153 11,864,654 3,199,500 7,968,671 3,090,410 11,059,081
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Region IX

Zamboanga del Norte


1 Bacungan (Leon Postigo) 128,471 41,631 86,840 135,279 114,641 20,639 46,918 27,100 74,018
2 Baliguian 319,296 186,603 132,692 141,641 90,842 50,799 45,101 51,128 96,229
3 Godod 168,034 75,498 92,537 93,066 83,304 9,762 55,544 (1,791) 53,753
4 Gutalac 201,082 89,113 111,969 163,200 150,133 13,067 39,158 (8,751) 30,407
5 Jose Dalman 153,076 60,661 92,415 121,969 111,534 10,435 33,430 12,909 46,339
6 Kalawit 168,140 46,934 121,206 108,531 84,719 23,812 39,717 20,248 59,965
7 Katipunan 282,805 68,659 214,146 189,802 158,512 31,290 93,143 48,239 141,382
8 La Libertad 134,937 56,242 78,695 62,004 49,739 12,265 35,835 17,649 53,483
9 Labason 344,715 97,277 247,438 146,510 123,527 22,983 77,190 15,837 93,027
10 Liloy 227,799 60,562 167,236 153,726 108,027 45,698 53,157 7,811 60,968
110
147

11 Manukan 434,850 191,688 243,162 179,143 139,607 39,536 83,723 43,738 127,462
12 Mutia 207,792 55,176 152,616 70,015 55,708 14,307 36,157 26,159 62,316
13 Piñan 246,920 42,873 204,047 97,855 79,602 18,253 50,802 (4,403) 46,400
14 Polanco 273,486 92,950 180,536 146,610 121,512 25,098 73,910 17,263 91,173
15 Pres. Manuel A.Roxas 376,221 141,636 234,585 193,620 150,474 43,146 71,049 30,962 102,011
16 Rizal 161,953 75,426 86,527 102,100 88,956 13,145 44,633 16,421 61,053
17 Salug 206,545 52,313 154,232 151,047 125,158 25,889 67,647 24,582 92,228
18 Sergio Osmeña Sr. 360,038 130,533 229,505 191,516 143,673 47,843 72,429 11,812 84,241
19 Siayan 506,323 170,575 335,749 167,699 148,196 19,503 154,361 40,922 195,283
20 Sibuco 345,593 162,380 183,213 198,705 162,197 36,508 40,144 40,578 80,723
21 Sibutad 162,648 72,267 90,381 89,494 63,491 26,003 74,812 23,291 98,104
22 Sindangan 521,646 237,980 283,666 297,714 239,598 58,116 184,104 43,804 227,908
23 Siocon 670,473 287,054 383,418 202,525 174,064 28,461 82,676 8,448 91,124
24 Sirawai 239,047 96,514 142,533 106,473 101,015 5,458 35,000 10,877 45,877
25 Tampilisan 253,010 153,432 99,578 102,357 89,956 12,400 44,733 15,325 60,058
Sub-Total 7,094,899 2,745,978 4,348,921 3,612,601 2,958,185 654,416 1,635,372 540,160 2,175,532

Zamboanga del Sur


1 Aurora 625,815 333,197 292,618 181,950 119,612 62,339 170,117 75,102 245,219
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
2 Bayog 271,369 136,058 135,311 154,514 125,706 28,808 50,860 17,160 68,020
3 Dimataling 169,670 82,976 86,694 99,226 80,589 18,638 61,770 21,962 83,731
4 Dinas 246,258 105,383 140,876 103,441 78,237 25,204 66,057 38,707 104,764
5 Dumalinao 310,108 121,262 188,846 107,787 71,781 36,006 98,063 21,772 119,835
6 Dumingag 336,473 145,198 191,275 163,661 130,542 33,119 82,714 38,197 120,911
7 Guipos 206,278 107,982 98,297 82,530 69,249 13,281 33,179 9,722 42,901
8 Josefina 254,414 139,905 114,509 87,144 45,942 41,202 45,984 29,508 75,492
9 Kumalarang 435,812 231,638 204,174 124,417 108,181 16,236 42,789 27,777 70,566
10 Labangan 264,948 55,170 209,778 121,017 78,005 43,013 41,571 50,029 91,599
11 Lakewood 172,023 83,614 88,409 90,063 75,158 14,904 25,382 17,684 43,067
12 Lapuyan 410,400 196,279 214,121 122,520 85,448 37,072 80,533 53,829 134,361
13 Mahayag 325,571 166,801 158,770 159,655 129,691 29,964 114,315 23,728 138,043
14 Margosatubig 455,018 229,746 225,272 116,108 71,726 44,382 74,756 38,363 113,120
148
110

15 Midsalip 310,307 74,437 235,870 104,938 75,575 29,363 123,519 2,851 126,369
16 Molave 652,383 202,482 449,901 206,093 141,822 64,270 128,315 74,191 202,506
17 Pitogo 174,148 107,121 67,026 91,761 75,300 16,461 47,654 2,166 49,820
18 Ramon Magsaysay 259,808 95,423 164,384 102,733 80,115 22,618 92,990 14,407 107,397
19 San Miguel 233,407 157,900 75,507 87,821 68,571 19,250 57,569 22,002 79,571
20 San Pablo 251,666 142,150 109,516 94,034 76,225 17,809 42,283 24,024 66,307
21 Sominot 156,079 53,427 102,652 73,957 52,332 21,625 27,094 19,866 46,959
22 Tabina 268,888 113,645 155,243 87,319 72,202 15,117 44,880 16,833 61,713
23 Tambulig 193,675 116,461 77,214 106,501 85,913 20,589 88,154 2,308 90,462
24 Tigbao 313,193 200,285 112,908 78,166 65,586 12,581 61,054 14,786 75,840
25 Tukuran 435,639 174,526 261,113 123,158 85,002 38,156 78,790 58,483 137,273
26 Vincenzo Sagun 179,742 69,637 110,104 81,933 61,199 20,735 49,920 5,338 55,258
Sub-Total 7,913,093 3,642,702 4,270,391 2,952,450 2,209,710 742,741 1,830,313 720,793 2,551,106
Zamboanga Sibugay
1 Alicia 368,228 192,619 175,610 111,539 91,862 19,677 51,744 41,283 93,027
2 Buug 405,664 118,377 287,287 140,802 112,321 28,481 54,734 19,095 73,830
3 Diplahan 221,217 61,420 159,797 129,955 119,360 10,595 111,269 (42,837) 68,431
4 Imelda 255,011 111,988 143,024 104,544 89,000 15,544 46,706 14,830 61,536
5 Ipil 841,478 158,283 683,194 255,303 215,819 39,484 188,894 (13,707) 175,187
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
6 Kabasalan 450,924 138,727 312,197 158,047 130,601 27,447 143,526 (5,452) 138,074
7 Mabuhay 255,803 209,870 45,933 100,931 99,425 1,507 44,985 29,283 74,268
8 Malangas 343,987 113,646 230,341 134,317 89,664 44,653 162,605 26,430 189,035
9 Naga 233,622 67,382 166,240 185,290 147,129 38,161 44,854 6,341 51,195
10 Olutanga 170,973 50,179 120,794 122,931 98,599 24,333 49,598 11,433 61,030
11 Payao 300,508 156,229 144,278 122,688 106,128 16,560 42,461 31,647 74,108
12 R.T. Lim 235,839 126,903 108,937 140,079 112,909 27,170 97,161 5,569 102,730
13 Siay 335,084 169,050 166,034 150,153 125,834 24,319 8,501 12,126 20,626
14 Talusan 252,196 93,163 159,032 92,604 77,070 15,534 56,669 20,510 77,179
15 Titay 323,185 155,014 168,171 207,651 155,985 51,666 44,332 33,655 77,987
16 Tungawan 345,641 187,427 158,214 227,847 203,137 24,710 64,164 (728) 63,436
Sub-Total 5,339,358 2,110,275 3,229,083 2,384,682 1,974,841 409,841 1,212,203 189,476 1,401,679
REGIONAL TOTAL 20,347,351 8,498,956 11,848,395 8,949,733 7,142,736 1,806,998 4,677,888 1,450,429 6,128,317
149
110

Region X
Bukidnon
1 Baungon 250,589 64,442 186,148 137,402 112,575 24,827 133,202 45,535 178,737
2 Cabanglasan 295,690 139,710 155,980 123,280 102,399 20,881 86,226 16,022 102,249
3 Damulog 265,017 174,467 90,550 109,981 97,702 12,279 87,627 23,680 111,308
4 Dangcagan 225,172 48,022 177,150 133,840 104,225 29,615 57,304 27,418 84,722
5 Don Carlos 577,731 264,627 313,105 196,277 149,068 47,209 241,671 55,377 297,049
6 Impasug-0ng 463,108 118,281 344,826 263,434 204,106 59,327 238,948 32,091 271,039
7 Kadingilan 278,064 147,640 130,424 113,887 96,806 17,081 77,198 9,208 86,406
8 Kalilangan 369,940 118,111 251,829 141,286 98,862 42,424 145,896 12,542 158,439
9 Kibawe 362,719 92,990 269,729 146,371 114,513 31,859 145,134 26,751 171,885
10 Kitaokitao 353,445 110,182 243,263 211,240 149,273 61,967 127,527 6,671 134,198
11 Lantapan 590,092 184,183 405,909 179,426 137,611 41,815 163,328 19,736 183,063
12 Libona 370,572 124,888 245,684 164,903 127,287 37,615 59,431 46,366 105,797
13 Malitbog 405,094 77,231 327,863 146,586 110,267 36,319 128,012 39,013 167,024
14 Manolo Fortich 1,081,282 359,684 721,597 377,384 275,040 102,344 284,928 74,439 359,368
15 Maramag 875,532 258,725 616,807 352,028 286,854 65,174 132,755 49,528 182,283
16 Pangantucan 622,109 182,415 439,694 191,988 153,135 38,853 160,987 19,185 180,172
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
17 Quezon 598,451 183,019 415,432 324,143 261,843 62,299 117,581 42,371 159,951
18 San Fernando 549,748 149,105 400,642 212,925 140,925 72,000 162,637 35,510 198,147
19 Sumilao 187,863 79,346 108,517 120,151 95,900 24,250 76,446 4,946 81,392
20 Talakag 498,817 166,397 332,420 260,629 204,674 55,955 206,721 51,700 258,421
Sub-Total 9,221,035 3,043,466 6,177,569 3,907,159 3,023,065 884,095 2,833,559 638,089 3,471,649

Camiguin
1 Catarman 167,947 38,332 129,615 78,562 50,961 27,602 62,957 6,091 69,048
2 Guinsiliban 59,993 37,134 22,859 41,482 32,933 8,550 17,902 26,152 44,054
3 Mahinog 137,017 42,097 94,920 65,590 57,119 8,472 42,058 15,714 57,772
4 Mambajao 236,402 77,626 158,776 132,601 124,480 8,121 69,202 (1,401) 67,800
5 Sagay 91,514 43,213 48,301 55,824 47,582 8,241 24,688 12,928 37,616
Sub-Total 692,873 238,402 454,470 374,059 313,074 60,986 216,807 59,483 276,290
150
110

Lanao del Norte


1 Bacolod 77,456 21,118 56,338 82,859 73,807 9,051 4,885 5,849 10,734
2 Baloi 298,472 27,483 270,989 139,512 100,437 39,075 62,796 41,045 103,841
3 Baroy 124,487 32,595 91,893 76,769 67,155 9,614 48,487 (7,979) 40,508
4 Kapatagan 497,680 351,351 146,329 187,833 168,056 19,777 48,310 69,500 117,810
5 Kauswagan 155,723 85,717 70,006 106,573 101,235 5,338 42,744 4,492 47,236
6 Kolambugan 291,866 120,477 171,389 95,540 81,949 13,590 63,589 48,172 111,761
7 Lala 433,952 166,664 267,288 235,089 145,052 90,037 83,489 30,141 113,630
8 Linamon 125,579 53,414 72,164 78,177 72,160 6,017 31,022 30,635 61,657
9 Maigo 143,744 72,475 71,270 86,326 78,425 7,901 19,852 9,682 29,534
10 Matungao 41,666 36 41,630 72,122 68,651 3,470 7,668 2,066 9,734
11 Munai 89,454 32,921 56,533 92,781 94,641 (1,860) 15,645 (15,329) 316
12 Nunumgan 202,625 71,732 130,893 119,490 105,482 14,009 42,355 7,629 49,984
13 Pantao-Ragat 36,505 6,417 30,088 84,989 84,762 227 4,850 (587) 4,263
14 Pantar 9,738 2,768 6,969 68,383 64,416 3,967 1,779 5,110 6,889
15 Poona Piagao 189,876 68,524 121,353 105,328 89,860 15,468 207 3,081 3,288
16 R. Magsaysay 47,003 31,797 15,206 79,376 77,760 1,616 10,424 11,418 21,843
17 S.N. Dimaporo 97,650 35,408 62,242 120,142 107,600 12,543 37,946 8,060 46,006
18 Salvador 154,612 82,047 72,566 83,017 71,884 11,133 42,586 19,509 62,095
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
19 Sapad 68,074 43,535 24,538 63,268 59,745 3,522 12,586 853 13,439
20 Tagoloan 31,598 1,014 30,584 77,457 77,053 405 5,684 (2,873) 2,811
21 Tangkal 173,578 55,788 117,790 73,915 68,469 5,446 2,144 12,730 14,875
22 Tubod 351,168 150,668 200,501 156,354 121,831 34,523 136,282 25,857 162,139
Sub-Total 3,642,508 1,513,950 2,128,558 2,285,300 1,980,429 304,870 725,331 309,061 1,034,392

Misamis Occidental
1 Aloran 220,914 74,004 146,910 96,348 87,583 8,765 27,993 33,192 61,185
2 Baliangao 44,372 23,064 21,309 65,389 63,873 1,516 12,000 3,839 15,839
3 Bonifacio 357,076 95,224 261,852 115,064 108,157 6,907 32,150 (1,531) 30,619
4 Calamba 276,586 170,640 105,946 99,242 83,818 15,424 80,382 39,383 119,766
5 Clarin 186,866 123,971 62,895 111,617 102,637 8,980 46,551 14,399 60,950
6 Concepcion 123,519 51,907 71,613 52,259 37,493 14,767 15,220 29,600 44,820
151

7 Don Victorino 271,568 111,573 159,995 88,340 55,131 33,210 78,010 22,691 100,702
110

8 Jimenez 344,651 131,042 213,609 127,313 85,245 42,068 72,053 33,081 105,134
9 Lopez Jaena 252,702 154,158 98,545 85,083 75,049 10,034 76,470 (3,533) 72,937
10 Panaon 259,982 157,973 102,008 61,350 50,924 10,426 44,368 10,153 54,522
11 Plaridel 222,753 51,139 171,614 121,545 105,679 15,866 34,450 6,793 41,243
12 Sapang Dalaga 227,823 98,159 129,664 75,111 57,358 17,752 13,369 33,800 47,170
13 Sinacaban 225,319 190,906 34,413 78,119 70,779 7,340 35,164 4,306 39,469
14 Tudela 352,364 179,029 173,335 95,729 82,327 13,402 58,368 23,624 81,992
Sub-Total 3,366,497 1,612,789 1,753,708 1,272,510 1,066,053 206,457 626,548 249,797 876,346

Misamis Oriental
1 Alubijid 204,195 70,591 133,604 103,868 83,885 19,983 65,181 4,364 69,545
2 Balingasag 428,037 145,547 282,490 173,476 141,201 32,275 108,644 14,575 123,219
3 Balingoan 108,945 60,533 48,412 57,890 49,804 8,086 34,820 21,911 56,732
4 Binuangan 113,585 50,982 62,603 45,990 43,097 2,893 35,352 15,078 50,429
5 Claveria 391,956 168,051 223,905 207,173 182,189 24,984 71,840 26,141 97,981
6 Gitagum 127,686 38,253 89,432 62,951 49,587 13,365 52,656 744 53,399
7 Initao 388,896 187,307 201,589 111,940 86,799 25,141 103,753 10,230 113,982
8 Jasaan 313,028 187,189 125,839 162,420 158,514 3,906 16,474 64,879 81,353
9 Kinoguitan 156,390 129,702 26,688 57,895 53,102 4,793 26,140 24,880 51,020
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
10 Lagonglong 186,678 104,158 82,520 74,643 61,728 12,915 36,872 9,978 46,850
11 Laguindingan 179,587 90,326 89,261 89,972 75,748 14,225 34,438 23,966 58,404
12 Libertad 106,294 42,925 63,368 56,520 44,927 11,593 46,017 20,263 66,280
13 Lugait 420,031 92,904 327,127 116,241 72,679 43,563 119,587 66,240 185,827
14 Magsaysay 279,811 119,185 160,626 103,385 89,492 13,893 47,538 38,575 86,112
15 Manticao 191,897 28,758 163,138 94,404 65,030 29,375 71,716 17,848 89,564
16 Medina 237,542 108,866 128,675 117,328 107,936 9,393 52,281 20,407 72,689
17 Naawan 206,223 80,746 125,477 91,644 73,241 18,403 66,114 490 66,605
18 Opol 321,851 76,789 245,062 206,212 129,347 76,866 58,736 35,633 94,369
19 Salay 267,552 127,773 139,779 97,211 85,405 11,807 47,431 22,153 69,584
20 Sugbong Cogon 184,180 64,059 120,121 51,696 41,307 10,390 13,158 25,907 39,065
21 Tagoloan 391,407 182,757 208,650 308,614 265,236 43,378 86,669 46,063 132,732
22 Talisayan 121,300 48,581 72,720 85,872 73,828 12,044 25,950 8,566 34,516
152
110

23 Villanueva 461,764 181,986 279,777 252,874 183,243 69,631 70,558 92,445 163,003
Sub-Total 5,788,834 2,387,971 3,400,863 2,730,220 2,217,322 512,898 1,291,925 611,337 1,903,262
REGIONAL TOTAL 22,711,747 8,796,578 13,915,169 10,569,248 8,599,943 1,969,306 5,694,170 1,867,768 7,561,938

Region XI

Compostela Valley
1 Compostela 541,278 175,470 365,808 271,459 203,451 68,008 171,791 51,401 223,192
2 Laak 408,058 112,233 295,826 289,743 244,693 45,050 150,880 (40,734) 110,146
3 Mabini 225,985 81,476 144,509 155,986 129,537 26,449 62,474 24,251 86,725
4 Maco 528,806 124,069 404,737 299,494 234,024 65,470 113,125 35,408 148,533
5 Maragusan 312,251 74,561 237,690 209,863 174,930 34,933 84,330 14,349 98,679
6 Mawab 333,984 145,104 188,880 129,820 113,343 16,478 50,934 29,748 80,682
7 Monkayo 711,868 205,071 506,797 322,064 266,284 55,780 117,815 8,251 126,066
8 Montevista 218,832 75,678 143,154 151,202 143,268 7,935 82,662 194 82,856
9 Nabunturan 476,059 158,077 317,981 290,662 237,287 53,375 131,890 51,968 183,858
10 New Bataan 305,958 116,611 189,347 185,815 150,758 35,057 101,511 16,141 117,652
11 Pantukan 511,068 138,365 372,702 284,646 243,698 40,948 112,527 27,755 140,281
Sub-Total 4,574,148 1,406,717 3,167,431 2,590,755 2,141,273 449,483 1,179,940 218,731 1,398,672
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Davao del Norte


1 Asuncion 415,856 230,186 185,671 177,131 153,396 23,735 67,980 7,202 75,182
2 BE Dujali 242,229 122,833 119,396 96,363 87,386 8,977 67,727 18,598 86,325
3 Carmen 434,016 111,522 322,494 217,248 162,606 54,642 93,084 26,390 119,474
4 Kapalong 505,816 172,628 333,188 322,803 265,837 56,967 102,900 68,414 171,314
5 New Corella 275,740 92,791 182,949 174,856 139,549 35,307 72,889 14,290 87,178
6 San Isidro 235,084 147,594 87,490 93,715 84,878 8,838 38,511 17,829 56,340
7 Sto. Tomas 978,827 276,687 702,141 350,618 268,445 82,172 237,459 69,349 306,808
8 Talaingod 293,439 170,683 122,756 168,050 139,687 28,363 72,229 33,235 105,464
Sub-Total 3,381,008 1,324,923 2,056,084 1,600,784 1,301,783 299,001 752,778 255,307 1,008,085
153

Davao Occidental
110

1 Don Marcelino 198,269 52,045 146,224 136,705 114,508 22,197 47,891 35,449 83,341
2 Jose Abad Santos 269,343 78,263 191,080 220,713 187,285 33,428 42,149 10,204 52,352
3 Malita 678,212 197,488 480,724 349,439 278,085 71,354 116,271 55,343 171,613
4 Santa Maria 279,918 69,380 210,539 148,911 120,288 28,623 19,168 11,033 30,201
5 Saranggani 195,743 64,844 130,898 77,955 63,334 14,621 36,756 24,439 61,196
Sub-Total 1,621,485 462,020 1,159,465 933,723 763,500 170,223 262,235 136,468 398,703

Davao Oriental
1 Baganga 293,699 102,525 191,174 246,958 185,858 61,100 84,842 21,300 106,142
2 Banay-Banay 195,984 71,385 124,599 159,566 143,108 16,458 48,303 (1,932) 46,370
3 Boston 148,255 58,923 89,331 98,964 72,293 26,670 73,303 (4,697) 68,606
4 Caraga 346,309 104,930 241,379 192,471 142,679 49,792 78,670 41,230 119,899
5 Cateel 207,195 136,952 70,242 172,114 146,340 25,774 16,156 2,593 18,749
6 Gov. Generoso 133,052 51,447 81,606 169,932 166,820 3,113 19,546 14,607 34,153
7 Lupon 400,127 157,730 242,396 279,891 248,328 31,563 42,877 6,065 48,941
8 Manay 290,555 154,703 135,853 156,723 131,253 25,470 34,299 14,604 48,902
9 San Isidro 277,507 123,598 153,908 121,122 106,616 14,506 53,062 10,536 63,598
10 Tarragona 354,277 63,446 290,831 111,834 116,170 (4,336) 21,991 (13,001) 8,990
Sub-Total 2,646,959 1,025,639 1,621,319 1,709,574 1,459,464 250,110 473,049 91,303 564,351
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)

Davao del Sur


1 Bansalan 362,957 167,050 195,907 198,397 145,192 53,204 85,563 43,612 129,174
2 Hagonoy 168,555 57,120 111,435 142,514 133,538 8,976 62,276 10,996 73,272
3 Kiblawan 442,939 241,562 201,377 180,400 136,919 43,481 79,235 18,836 98,071
4 Magsaysay 280,395 172,489 107,906 171,283 164,794 6,489 23,372 26,440 49,812
5 Malalag 252,159 87,454 164,705 144,316 113,023 31,292 40,048 31,161 71,209
6 Matanao 396,034 170,874 225,159 171,934 161,240 10,694 80,351 17,749 98,100
7 Padada 168,969 44,881 124,088 101,164 94,168 6,996 46,860 (23,566) 23,294
8 Santa Cruz 1,438,118 990,144 447,974 379,912 290,530 89,382 511,799 106,963 618,762
9 Sulop 145,123 62,955 82,168 115,368 94,823 20,545 45,773 2,658 48,431
Sub-Total 3,655,248 1,994,529 1,660,719 1,605,287 1,334,228 271,059 975,278 234,847 1,210,125
REGIONAL TOTAL 15,878,848 6,213,828 9,665,019 8,440,124 7,000,248 1,439,877 3,643,280 936,657 4,579,936
154
110

Region XII

North Cotabato
1 Alamada - - - - - - - - -
2 Aleosan 341,965 141,748 200,217 118,842 82,868 35,974 54,953 22,614 77,566
3 Antipas 205,641 79,546 126,095 150,369 125,838 24,532 42,060 21,721 63,781
4 Arakan 384,729 74,085 310,644 260,374 188,085 72,289 98,405 36,935 135,340
5 Banisilan 271,324 127,612 143,713 171,198 156,653 14,545 9,705 27,876 37,581
6 Carmen - - - - - - - - -
7 Kabacan - - - - - - - - -
8 Libungan - - - - - - - - -
9 Magpet 503,455 153,088 350,367 216,419 170,509 45,910 55,968 21,256 77,224
10 Makilala - - - - - - - - -
11 Matalam 762,118 87,873 674,244 229,831 135,820 94,011 199,697 97,739 297,436
12 Midsayap 769,034 234,670 534,364 339,973 223,896 116,077 251,844 38,632 290,476
13 M'lang 462,576 222,616 239,960 242,854 192,936 49,918 130,476 60,111 190,587
14 Pigcawayan - - - - - - - - -
15 Pikit 329,413 115,066 214,347 338,369 293,499 44,869 49,512 46,059 95,570
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
16 President Roxas 296,621 129,950 166,671 202,767 169,400 33,368 49,256 39,045 88,301
17 Tulunan 345,164 151,674 193,490 181,066 164,392 16,674 115,497 (2,237) 113,260
Sub-Total 4,672,040 1,517,926 3,154,114 2,452,063 1,903,896 548,167 1,057,372 409,751 1,467,124

Sarangani
1 Alabel 319,125 87,983 231,143 249,013 222,252 26,761 101,409 40,607 142,016
2 Glan 721,360 157,660 563,700 294,922 193,269 101,653 241,783 58,140 299,923
3 Kiamba 274,480 122,025 152,455 181,097 156,701 24,397 81,786 4,505 86,291
4 Maasim 424,341 198,089 226,252 227,810 167,638 60,172 103,293 5,043 108,336
5 Maitum 360,752 101,675 259,078 178,142 115,314 62,827 94,554 42,344 136,899
6 Malapatan 408,424 90,453 317,972 230,352 171,374 58,978 72,141 (37,077) 35,063
7 Malungon 241,743 48,072 193,670 290,259 276,652 13,607 13,781 27,932 41,714
Sub-Total 2,750,226 805,956 1,944,269 1,651,595 1,303,200 348,394 708,747 141,494 850,241
155
110

South Cotabato
1 Banga 474,832 181,689 293,143 204,455 166,919 37,537 70,126 12,018 82,144
2 Lake Sebu - - - - - - - - -
3 Norala - - - - - - - - -
4 Polomolok - - - - - - - - -
5 Santo Niño - - - - - - - - -
6 Surallah - - - - - - - - -
7 Tampakan - - - - - - - - -
8 Tantangan - - - - - - - - -
9 T'boli 386,505 205,100 181,405 328,874 309,087 19,787 33,935 11,717 45,652
10 Tupi 381,801 218,902 162,899 243,546 205,588 37,958 48,472 67,992 116,464
Sub-Total 1,243,138 605,691 637,447 776,875 681,594 95,281 152,533 91,727 244,261

Sultan Kudarat
1 Bagumbayan - - - - - - - - -
2 Columbio - - - - - - - - -
3 Esperanza - - - - - - - - -
4 Isulan - - - - - - - - -
5 Kalamansig - - - - - - - - -
6 Lambayong - - - - - - - - -
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
7 Lebak - - - - - - - - -
8 Lutayan - - - - - - - - -
9 Ninoy Aquino - - - - - - - - -
10 Palimbang - - - - - - - - -
11 Pres. Quirino - - - - - - - - -
Sub-Total - - - - - - - - -
REGIONAL TOTAL 8,665,404 2,929,573 5,735,830 4,880,533 3,888,690 991,843 1,918,652 642,973 2,561,625

Region XIII

Agusan del Norte


1 Buenavista 339,441 62,396 277,046 210,054 160,450 49,603 35,628 64,768 100,396
2 Carmen 205,333 41,034 164,299 161,198 106,684 54,513 48,511 10,566 59,077
3 Jobonga 213,694 117,184 96,510 125,481 111,688 13,794 35,079 (390) 34,690
110
156

4 Kitcharao 376,325 229,338 146,987 130,257 97,701 32,556 60,103 11,307 71,410
5 Las Nieves 283,950 88,306 195,644 196,971 168,120 28,851 66,233 12,116 78,349
6 Magallanes 189,326 65,054 124,272 122,938 80,807 42,131 51,248 13,735 64,984
7 Nasipit 206,380 92,847 113,533 184,980 161,492 23,487 72,731 (661) 72,069
8 R. T. Romualdes 152,064 78,649 73,415 71,997 60,236 11,762 32,853 13,761 46,614
9 Santiago 214,454 25,530 188,923 122,433 90,815 31,618 17,872 (284) 17,588
10 Tubay 162,115 45,002 117,113 123,856 103,972 19,884 70,151 26,240 96,391
Sub-Total 2,343,083 845,340 1,497,743 1,450,164 1,141,965 308,199 490,409 151,159 641,568

Agusan del Sur


1 Bunawan 823,655 142,182 681,473 257,268 163,228 94,040 102,250 37,844 140,094
2 Esperanza 807,172 379,320 427,853 361,250 285,397 75,853 192,897 140,363 333,260
3 La Paz 381,370 172,087 209,284 275,839 253,676 22,163 31,124 23,256 54,379
4 Loreto 563,412 216,445 346,967 293,296 240,669 52,627 143,712 102,860 246,571
5 Prosperidad 563,591 195,391 368,200 253,360 190,158 63,202 145,141 28,497 173,639
6 Rosario 478,353 312,256 166,097 226,033 176,146 49,886 106,364 15,444 121,807
7 San Francisco 444,007 147,206 296,801 285,167 261,311 23,856 128,294 33,045 161,339
8 San Luis 331,636 253,489 78,148 209,551 205,773 3,778 19,342 12,007 31,349
9 Sibagat 302,048 101,049 200,999 162,004 128,773 33,230 52,025 4,582 56,607
Republic of the Philippines
Financial Profile - Municipalities
Calendar Year 2017
(in thousand pesos)

Region Financial Condition Financial Performance Cash Position


Net Cash
1 2
Municipalities Assets Liabilities Equity Revenue Expenses Surplus/ (Deficit) Cash Bal. Beg. Provided by Cash Bal. End
(Used In)
10 Sta. Josefa 255,732 117,315 138,418 139,108 100,310 38,798 17,223 75,256 92,479
11 Talacogon 333,055 156,469 176,586 176,081 150,701 25,380 59,588 (1,657) 57,931
12 Trento 851,348 474,337 377,010 238,319 145,036 93,284 163,105 54,311 217,415
13 Veruela 302,820 165,483 137,337 150,233 124,702 25,531 43,033 32,478 75,511
Sub-Total 6,438,199 2,833,027 3,605,172 3,027,509 2,425,880 601,629 1,204,097 558,286 1,762,382
Dinagat Islands
1 Basilisa 249,769 133,858 115,910 98,379 73,716 24,662 71,457 15,786 87,243
2 Cagdianao 424,976 75,459 349,517 144,234 98,692 45,541 167,983 17,970 185,953
3 Dinagat 189,596 20,977 168,620 70,457 46,803 23,654 17,839 24,934 42,773
4 Libjo 168,188 16,660 151,528 85,104 65,508 19,596 68,901 270 69,171
5 Loreto 312,310 45,110 267,201 134,591 88,293 46,298 84,376 14,133 98,509
6 San Jose 153,147 43,061 110,085 77,233 63,560 13,674 43,179 16,699 59,878
7 Tubajon 156,303 30,830 125,473 90,441 70,373 20,068 72,118 (6,181) 65,938
110
157

Sub-Total 1,654,290 365,956 1,288,333 7