GENERAL FUND BALANCE SHEET

MUNICIPALITY OF CORELLA
Balance Sheet
As of October 31, 2010
General Fund
ASSETS
Current Assets
Cash
Cash on Hand
Cash in Vault 49,766.66
Petty Cash Fund 10,040.00
Payroll Fund 81,145.36 140,952.02
Cash in Banks – Local Currency
Cash in Bank – Local Currency , Current Account 8,636,228.91
Cash in Bank – Local Currency, Time Deposits 1,428,271.70 10,064,500.61 10,205,452.63
Receivables
Receivable Accounts
Accounts Receivable 1,124.77
Due from Officers and Employees 75,000.00
Real Property Tax Receivable 744,187.91
Advances to Officers and Employees 1,334,519.08 2,154,831.76
Inter – Agency Receivables
Due from LGUs 230,866.80
Intra – Agency Receivables
Due from Regional Offices/Staff Bureaus 6,221.25
Due from Other Funds 5,337.24 11,558.49
Other Receivables
Other Receivables 35,944.93 2,433,201.98
Inventories
Supplies
Accountable Forms Inventory 39,015.00
Medical, Dental and Laboratory Supplies Inventory 167,581.47
Agricultural Supplies Inventory 1,100.00
Other Supplies Inventory 689,980.70 897,677.17
Agricultural, Fishery and Forestry Products
Livestock Inventory 49,500.00
Crops and Fruits Inventory 1,700.00
Other Agricultural, Fishery and Forestry Products Inventory 24,915.75 76,115.75 973,792.92
Prepayments
Prepaid Insurance 7,702.42
Deferred Charges 1,860.11
Other Prepaid Expenses 17,351.56 26,914.09 13,639,361.62
Property, Plant and Equipment
Land and Land Improvements
Land 758,330.00
Land Improvements 291,726.75
Less :  Accumulated Depreciation – Land Improvements 34,491.53 257,235.22
Electrification, Power and Energy Structures 58,726.03
Less :  Accumulated Depreciation – Electrification, Power and Energy Structures 24,291.59 34,434.44 1,049,999.66
Buildings
Office Buildings 2,277,880.09
Less :  Accumulated Depreciation – Office Buildings 355,495.34 1,922,384.75
School Buildings 251,971.12
Less :  Accumulated Depreciation – School Buildings 77,013.70 174,957.42
Hospitals and Health Centers 1,449,432.60
Less :  Accumulated Depreciation – Hospitals and Health Centers 73,478.86 1,375,953.74
Markets and Slaughterhouses 4,499,028.03
Less :  Accumulated Depreciation – Markets and Slaughterhouses 547,078.11 3,951,949.92
Other Structures 661,749.15
Less :  Accumulated Depreciation – Other Structures 124,768.66 536,980.49 7,962,226.32
Office Equipment, Furniture and Fixtures
Office Equipment 752,122.90
Less :  Accumulated Depreciation – Office Equipment 238,825.42 513,297.48
Furniture and Fixtures 1,089,639.45
Less :  Accumulated Depreciation – Furniture and Fixtures 429,196.18 660,443.27
IT Equipment and Software 2,316,425.15
Less :  Accumulated Depreciation – IT Equipment 959,056.20 1,357,368.95
Library Books 4,975.00
Less :  Accumulated Depreciation – Library Books 373.13 4,601.87 2,535,711.57
Machineries and Equipment
Communication Equipment 836,592.85
Less :  Accumulated Depreciation – Communication Equipment 264,171.83 572,421.02
Construction and Heavy Equipment 48,000.00
Less :  Accumulated Depreciation – Construction and Heavy Equipment 42,840.00 5,160.00
Firefighting Equipment and Accessories 18,400.00
Less :  Accumulated Depreciation – Firefighting Equipment and Accessories 11,749.71 6,650.29
Medical, Dental and Laboratory Equipment 654,424.45
Less :  Accumulated Depreciation – Medical, Dental and Laboratory Equipment 367,554.47 286,869.98
Sports Equipment 3,861.00
Less :  Accumulated Depreciation – Sports Equipment 1,390.05 2,470.95
Other Machineries and Equipment 298,643.00
Less :  Accumulated Depreciation – Other Machineries and Equipment 165,109.90 133,533.10 1,007,105.34
Transportation Equipment
Motor Vehicles 2,302,576.10
Less :  Accumulated Depreciation – Motor Vehicles 1,050,523.93 1,252,052.17
Other Property, Plant and Equipment
Other Property, Plant and Equipment 7,642,599.44
Less :  Accumulated Depreciation – Other Property, Plant and Equipment 5,465,636.70 2,176,962.74
Public Infrastructures
Parks, Plazas and Monuments 206,820.00
Artesian Wells, Reservoirs, Pumping Stations and Conduits 240,070.70
Other Public Infrastructures 40,708.00 487,598.70
Construction in Progress
Agency Assets
Construction in Progress – Agency Assets 2,097,714.34
Public Infrastructures / Reforestation Projects
Construction in Progress – Roads, Highways and Bridges 307,284.00 2,404,998.34 18,876,654.84
Other Assets
Work/Other Animals 148,400.00
Breeding Stocks 351,200.00
Other Assets 658,183.08 1,157,783.08
TOTAL ASSETS 33,673,799.54
LIABILITIES
Current Liabilities
Payable Accounts
Accounts Payable 216,870.37
Due to Officers and Employees 41,253.50 258,123.87
Inter – Agency Payables
Due to BIR 205,114.24
Due to GSIS 218,851.10
Due to PAG-IBIG 31,042.78
Due to PHILHEALTH 34,941.25
Due to Other NGAs 166,821.33
Due to LGUs 245,859.80 902,630.50
Other Liability Accounts
Other Payables 42,498.95 1,203,253.32
Deferred Credits
Deferred Real Property Tax Income 744,187.91
Other Deferred Credits 28,693.07 772,880.98
TOTAL LIABILITIES 1,976,134.30
EQUITY
Government Equity
Government Equity 31,697,665.24
TOTAL EQUITY 31,697,665.24
TOTAL LIABILITIES AND EQUITY 33,673,799.54
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