Poblacion, Banate
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Trust Fund Utilization 2020-Q1

Republic of the Philippines        
Province of Iloilo        
MUNICIPALITY OF BANATE        
             
CONSOLIDATED STATEMENT OF FINANCIAL POSITION      
AS OF MARCH 31, 2020        
             
   Consolidated  GENERAL FUND SPECIAL EDUCATION FUND TRUST FUND
2019 2019 2019 2019
ASSETS          
Current Assets:          
  Cash and Cash equivalents       101,220,594.43        67,074,552.61        4,444,591.08        29,701,450.74
  Investments        
  Receivables        15,802,245.46        13,649,841.98        1,237,401.78             915,001.70
  Inventories                            -                              -                            -                              -  
  Prepayments and Deferred Charges                            -                              -                            -                              -  
    Total Current Assets      117,022,839.89        80,724,394.59        5,681,992.86        30,616,452.44
             
Non-Current Assets:            
  Investments                            -                              -                              -  
  Receivables                            -                              -                              -  
  Investment Property        
  Property, Plant and Equipment (net of Depreciation)        142,438,700.59      141,540,169.66           863,565.93               34,965.00
  Biological Assets          
  Intangible Assets          
  Construction in Progress          12,744,867.45          8,859,454.76        3,885,412.69                            -  
  Total Non-Current Assets        155,183,568.04      150,399,624.42        4,748,978.62               34,965.00
TOTAL ASSETS        272,206,407.93      231,124,019.01      10,430,971.48        30,651,417.44
             
LIABILITIES AND EQUITY          
Current Liabilties:          
  Financial Liabilities            4,181,890.98          4,166,272.23                          -                 15,618.75
  Inter- Agency Payables          32,239,693.06          3,822,087.11           714,634.46        27,702,971.49
  Intra- Agency Payables          6,100,694.02          6,100,694.02                          -                              -  
  Trust Liabilities               311,294.74                            -                            -               311,294.74
  Deferred Credits/Unearned Income                              -                              -                            -                              -  
  Total Current Liabilities        42,833,572.80        14,089,053.36           714,634.46        28,029,884.98
             
Non-Current Liabilities        
  Financial Liabilities          7,557,647.43          7,557,647.43                          -                              -  
  Deferred Credits/Unearned Income        
  Provision        
  Other payables          2,924,346.97             302,814.51                          -            2,621,532.46
  Total Non-Current Liabilities          10,481,994.40          7,860,461.94                          -            2,621,532.46
             
EQUITY          
  NET ASSETS/EQUITY        218,890,840.73      209,174,503.71        9,716,337.02                            -  
TOTAL LIABILITIES AND EQUITY      272,206,407.93      231,124,019.01      10,430,971.48        30,651,417.44
Difference                           -                             -                           -                             -  
             
             
Prepared by:        
             
             
MARK ANTHONY B. DIAMANTE, CPA        
Municipal Accountant        
Attatchment: 

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