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ANNUAL REPORT 2023 |
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COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
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For
the Year Ended
December 31, 2023 |
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STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2023 |
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ACTUAL |
BUDGET |
DIFFERENCE Inc. (Dec.) |
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INCOME |
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SERVICE AND BUSINESS INCOME |
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Service Income |
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Processing Fees |
P
5,975.00 |
P 5,000.00 |
P
975.00 |
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Total Service Income |
5,975.00 |
5,000.00 |
975.00 |
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Business Income |
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Waterworks System Fees |
15,285,939.13 |
14,731,042.00 |
554,897.13 |
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Interest Income |
4,045.00 |
5,000.00 |
(955.00) |
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Fines and
Penalties - Business Income |
600,452.23 |
491,342.67 |
109,109.56 |
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Other Business Income |
73,408.34 |
50,000.00 |
23,408.34 |
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Total Business Income |
15,963,844.70 |
15,277,384.67 |
686,460.03 |
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Other
Non-Operating Income |
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Miscellaneous Income |
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Miscellaneous Income |
7,500.00 |
5,000.00 |
2,500.00 |
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Total Miscellaneous Income |
7,500.00 |
5,000.00 |
2,500.00 |
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TOTAL INCOME |
15,977,319.70 |
15,287,384.67 |
689,935.03 |
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EXPENSES |
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PERSONNEL
SERVICES |
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Salaries and Wages |
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Salaries and Wages - Regular |
2,754,079.13 |
2,772,658.00 |
(18,578.87) |
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Salaries
and Wages - Casual/Contractual |
1,932,525.00 |
1,967,000.00 |
(34,475.00) |
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Total Salaries and Wages |
4,686,604.13 |
4,739,658.00 |
(53,053.87) |
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Other
Compensation |
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Personal
Economic Relief Allowance (PERA) |
455,727.27 |
480,000.00 |
(24,272.73) |
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Representation Allowance (RA) |
60,000.00 |
60,000.00 |
0.00 |
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Transportation Allowance (TA) |
60,000.00 |
60,000.00 |
0.00 |
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Clothing/Uniform Allowance |
114,000.00 |
129,000.00 |
(15,000.00) |
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Honoraria |
7,500.00 |
5,000.00 |
2,500.00 |
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Overtime and Night Pay |
97,996.88 |
107,100.00 |
(9,103.12) |
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Year End Bonus |
393,654.00 |
423,920.00 |
(30,266.00) |
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Cash Gift |
95,000.00 |
100,000.00 |
(5,000.00) |
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Mid-Year Bonus |
393,257.00 |
423,920.00 |
(30,663.00) |
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Directors and Committee Members' Fee |
184,032.00 |
384,000.00 |
(199,968.00) |
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Other Bonuses and Allowances |
508,000.00 |
537,495.80 |
(29,495.80) |
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Total Other Compensation |
2,369,167.15 |
2,710,435.80 |
(341,268.65) |
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Personnel Benefit Contributions |
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Retirement and Life Insurance Premiums |
566,012.03 |
610,158.96 |
(44,146.93) |
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PAG-IBIG Contributions |
22,800.00 |
24,000.00 |
(1,200.00) |
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PHILHEALTH Contributions |
91,291.06 |
123,263.10 |
(31,972.04) |
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Employees Compensation Insurance Premiums |
22,800.00 |
24,000.00 |
(1,200.00) |
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Total Personnel Benefit Contributions |
702,903.00 |
781,422.06 |
(78,518.97) |
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Other
Personnel Benefits |
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Terminal Leave Benefits |
296,440.91 |
296,440.91 |
0.00 |
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Total Personnel Benefit Contributions |
296,440.91 |
296,440.91 |
0.00 |
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Total
Personnel Services |
8,055,115.28 |
8,527,956.77 |
(472,841.49) |
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MAINTENANCE
AND OTHER OPERATING EXPENSES |
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Traveling Expenses |
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Traveling Expenses - Local |
207,286.50 |
386,560.00 |
(179,273.50) |
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Total Traveling Expenses |
207,286.50 |
386,560.00 |
(179,273.50) |
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Training and Scholarship Expenses |
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Training Expenses |
375,593.17 |
490,000.00 |
(114,406.83) |
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Total Training and
Scholarship Expenses |
375,593.17 |
490,000.00 |
(114,406.83) |
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Supplies and Materials Expenses |
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Office Supplies Expenses |
72,254.06 |
85,000.00 |
(12,745.94) |
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Accountable Forms Expense |
281,485.89 |
255,600.00 |
25,885.89 |
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Fuel, Oil and Lubricants Expenses |
114,657.38 |
228,950.00 |
(114,292.62) |
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Chemical and Filtering Supplies
Expenses |
79,233.18 |
99,750.00 |
(20,516.82) |
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Semi-Expendable Machinery and Equipment Expenses |
79,988.00 |
50,000.00 |
29,988.00 |
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Semi-Expendable Furniture,
Fixture and Books Expenses |
14,018.75 |
20,000.00 |
(5,981.25) |
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Supplies and Materials for
Water System Operations Exp |
335,173.68 |
0.00 |
335,173.68 |
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Other Supplies and Materials Expenses |
36,830.50 |
50,000.00 |
(13,169.50) |
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Total Supplies and Materials
Expenses |
1,013,641.44 |
789,300.00 |
(224,341.44) |
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Utility Expenses |
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Electricity Expenses |
881,502.42 |
995,000.00 |
(113,497.58) |
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Total Utility Expenses |
881,502.42 |
995,000.00 |
(113,497.58) |
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Communication Expenses |
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Postage and Courier Services |
3,283.00 |
6,000.00 |
(2,717.00) |
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Telephone Expenses |
28,189.86 |
36,600.00 |
(8,410.14) |
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Internet Subscription Expenses |
23,940.00 |
24,000.00 |
(60.00) |
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Total Communication Expenses |
55,412.86 |
66,600.00 |
(11,187.14) |
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Awards/Rewards, Prizes and
Indemnities |
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Prizes |
1,898.00 |
25,000.00 |
(23,102.00) |
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Total Awards/Rewards, Prizes
and Indemnities |
1,898.00 |
25,000.00 |
(23,102.00) |
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Confidential, Intelligence and
Extraordinary Expenses |
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Extraordinary and Miscellaneous Expenses |
21,180.00 |
91,400.00 |
(70,220.00) |
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Total Confidential,
Intelligence & Extraordinary Expenses |
21,180.00 |
91,400.00 |
(70,220.00) |
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Repairs and Maintenance |
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Repairs and Maintenance - Infrastructure
Assets |
472,761.11 |
586,800.00 |
(114,038.89) |
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Repairs and Maintenance - Buildings &
Other Structures |
27,572.00 |
35,000.00 |
(7,428.00) |
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Repairs and Maintenance - Machinery and Equipment |
25,595.00 |
40,000.00 |
(14,405.00) |
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Repairs and
Maintenance - Transportation Equipment |
51,445.00 |
50,000.00 |
1,445.00 |
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Repairs and Maintenance - Furniture and
Fixtures |
80.00 |
6,000.00 |
(5,920.00) |
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Total Repairs and
Maintenance |
577,453.11 |
717,800.00 |
140,346.89 |
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Taxes, Insurance Premiums and
Other Fees |
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Taxes, Duties and Licenses |
349,406.96 |
380,422.69 |
(31,015.73) |
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Fidelity Bond Premiums |
26,227.48 |
44,007.50 |
(17,780.02) |
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Insurance/Reinsurance Expenses |
58,464.45 |
144,000.00 |
(85,535.55) |
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Total Taxes, Insurance
Premiums and Other Fees |
434,098.89 |
568,430.19 |
(134,331.30) |
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Labor and Wages |
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Labor and Wages |
426,356.63 |
485,000.00 |
(58,643.37) |
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Total Labor and Wages |
426,356.63 |
485,000.00 |
(58,643.37) |
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Other Maintenance and Operating
Expenses |
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Advertising, Promotional and
Marketing Expenses |
10,000.00 |
10,000.00 |
0.00 |
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Representation Expenses |
74,200.00 |
100,000.00 |
(25,800.00) |
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Rent/Lease Expenses |
8,720.00 |
8,000.00 |
720.00 |
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Membership Dues & Contributions to
Organizations |
9,792.00 |
9,900.00 |
(108.00) |
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Total Other Maintenance and
Operating Expenses |
102,712.00 |
127,900.00 |
(25,188.00) |
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Total
Maintenance and Other Operating Expenses |
4,097,135.02 |
4,742,990.19 |
(645,855.17) |
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FINANCIAL
EXPENSES |
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Financial Expenses |
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Interest Expense |
580,788.61 |
494,410.00 |
86,378.61 |
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Bank Charges |
520.00 |
5,000.00 |
(4,480.00) |
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Other Financial Charges |
3,000.00 |
5,000.00 |
(2,000.00) |
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Total
Financial Expenses |
584,308.61 |
504,410.00 |
79,898.61 |
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NON-CASH
EXPENSES |
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Depreciation |
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Depreciation - Infrastructure Assets |
1,508,860.11 |
1,200,000.00 |
308,860.11 |
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Depreciation - Buildings and Other
Structures |
68,811.73 |
65,000.00 |
3,811.73 |
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Depreciation - Machinery and Equipment |
64,008.70 |
90,000.00 |
(25,991.30) |
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Depreciation - Transportation Equipment |
21,569.75 |
30,000.00 |
(8,430.025) |
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Total
Depreciation |
1,663,250.29 |
1,385,000.00 |
278,250.29 |
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Impairment Loss |
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Impairment Loss - Loans and Receivables |
612.31 |
15,000.00 |
(14,387.69) |
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Total
Impairment Loss |
612.31 |
15,000.00 |
(14,387.69) |
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Total
Non-Cash Expenses |
1,663,862.60 |
1,400,000.00 |
263,862.60 |
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TOTAL
EXPENSES |
14,400,421.51 |
15,175,356.96 |
(774,935.45) |
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NET INCOME
(LOSS) |
1,576,898.19 |
112,027.71 |
1,464,870.48 |
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