Municipality of Angadanan, Isabela

Consolidated Statement of Financial Position

As at December 31, 2020
(With Comparative Figures for CY 2019)

Note 2020 2019

ASSETS
Current Assets
Cash and Cash Equivalents 4 70,728,565.47 75,483,198.25
Receivables 5 13,263,596.09 12,230,604.95
Inventories 6 92,699.00 32,875.00
Total Current Assets 84,084,860.56 87,746,678.20

Non-Current Assets
Receivables 5 6,665,068.77 2,463,071.73
Property, Plant and Equipment, net 7 417,232,227.99 387,600,347.19
Biological Assets 8 713,000.00 704,000.00
Total non-Current Assets 424,610,296.76 390,767,418.92

Total Assets 508,695,157.32 478,514,097.12

LIABILITIES
Current Liabilities
Financial Liabilities 9.1 129,729.30 2,501,749.68
Inter-Agency Payables 9.2 22,985,720.68 35,152,780.92
Intra-Agency Payables 9.3 7,959,596.09 4,991,540.27
Trust Liabilities 9.4 3,446,980.21 3,440,733.65
Deferred Credits 9.5 4,379,670.56 5,598,864.86
Total Current Liabilities 38,901,696.84 51,685,669.38

Non-Current Liabilities
Inter-Agency Payables 9.2 - 1,274,915.87
Trust Liabilities 9.4 - 1,384,796.53
Total Non-Current Liabilities - 2,659,712.40

Total Liabilities 38,901,696.84 54,345,381.78

NET ASSETS/EQUITY
Government Equity 10 469,793,460.48 424,168,715.34

Total Liabilities and Net Assets/Equity 508,695,157.32 478,514,097.12

(See accompanying Notes to Financial Statements)

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 Municipality of Angadanan, Isabela
Consolidated Statement of Financial Performance
For the Year Ended December 31, 2020
(With Comparative Figures for CY 2019)

Note 2020 2019

Revenue
Tax Revenue 11 4,801,166.14 4,614,747.20
Share from Internal Revenue Collections 11 154,118,363.00 137,024,642.00
Service and Business Income 12 7,443,102.97 8,251,310.01
Other Income 13 - 59,056.00
Total Revenue 166,362,632.11 149,949,755.21

Less: Current Operating Expenses

Personnel Services 14 57,321,781.99 60,032,463.62
Maintenance and Other Operating Expenses 15 79,464,217.93 60,879,399.44
Non-Cash Expenses 16-17 32,184,161.70 30,790,832.19
Financial Expenses 18 24,000.00 44,000.00
Current Operating Expenses . 168,994,161.62 151,746,695.25

Surplus (Deficit) from Current Operation (2,631,529.51) (1,796,940.04)

Add (Deduct)
Transfer, Assistance and Subsidy From 12,834,205.45 -
Transfer, Assistance and Subsidy To - -

Surplus (Deficit) for the period 10,202,675.94 (1,796,940.04)

(See accompanying Notes to Financial Statements)

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 Municipality of Angadanan, Isabela
Consolidated Statement of Changes in Net Assets/Equity
For the Year ended December 31, 2020
(With Comparative Figures for CY 2019)

Accumulated Accumulated
Note Surpluses/(Deficit) Surpluses/(Deficit)
2020 2019

Balance , Beg. 424,168,715.34 429,598,301.98

Add(Deduct):
Change in Accounting Policy
Prior Period Errors/Adjustments (1,292,373.71) (7,635,246.00)
Restated Balance 422,876,341.63 421,963,055.98
Add (Deduct) Change in Net assets/equity during the Year
Adjustment of net revenue recognized directly in net
assets/equity 36,714,442.91 4,002,599.40
Surplus (Deficit) for the period 10,202,675.94 (1,796,940.04)
Total recognized revenue and expenses for the period 46,917,118.85 2,205,659.36
Balance, End 10 469,793,460.48 424,168,715.34

(See accompanying Notes to Financial Statements)

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 Municipality of Angadanan, Isabela
Statement of Condensed Cash Flows
For the Year Ended December 31, 2020
(With Comparative Figures for CY 2019)

Note 2020 2019

Cash Flows from Operating Activities
Cash Inflows
Collection from Tax Payers 4,801,166.14 3,309,863.98
Share from Internal Revenue Collections 154,118,363.00 137,024,642.00
Receipts from business/service income 7,398,734.89 6,413,378.62
Interest Income 44,368.08 34,808.09
Other Receipts 229,331,015.34 67,592,607.82
Total Cash Inflows 19.1 395,693,647.45 214,375,300.51
Cash Outflows
Payment of expenses:
Payment to suppliers and creditors 69,742,669.56 48,620,920.53
Payments to employees 32,779,272.35 35,519,103.58
Interest Expense - -
Other Disbursements 276,869,059.18 93,387,181.29
Total Cash Outflows 19.2 379,391,001.09 177,527,205.40
Net Cash Flows from Operating Activities 16,302,646.36 36,848,095.11
Cash Flows from Operating Activities
Cash Inflows
Proceeds from Sale of Investment - -
Proceeds from Sale/Disposal of Property, Plant
and Equipment - -
Proceeds from Sale of Non-Current Investment - -
Collection of Principal on loans to others entities - -
Total Cash Inflows - -
Cash Outflows
Purchase/Construction of Investment Property
Purchase of Construction of Property, Plant and 21,057,279.14 20,367,214.25
Equipment
Purchase of Bearer Biological Assets
Total Cash Outflows 19.3 21,057,279.14 20,367,214.25
Net Cash Flows from Investing Activities (21,057,279.14) (20,367,214.25)
Cash Flows from Financing Activities
Cash Inflows
Proceeds from Issuance of Bonds
Procceds from Loans - -
Total Cash Inflows - -
Cash Outflows
Payment of Long-Term Liabilities
Payment of loan amortization - -
Total Cash outflows - -
Net Cash from Financing Activities - -
Increase/Decrease in Cash (4,754,632.78) 16,480,880.86
Add: Cash and Cash Equivalents January 1, 2020 75,483,198.25 59,002,317.39
Cash and Cash Equivalents, December 31, 2020 4 70,728,565.47 75,483,198.25

(See accompanying Notes to Financial Statements)

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 Municipality of Angadanan, Isabela
Statement of Comparison of Budget and Actual Amounts
For the Year Ended December 31, 2020

Difference Difference
Particulars Notes Budgeted Amounts Original Actual Final
and Final Amounts Budget and
Original Final Budget Actual
Revenue
A. Local Source
1. Tax Revenue
a. Tax Revenue - Property 2,331,456.00 2,331,456.00 - 2,329,173.83 (2,282.17)
b. Tax Revenue - Goods and Services 1,890,000.00 1,890,000.00 - 1,716,566.00 (173,434.00)
c. Other Local Taxes 800,000.00 800,000.00 - 755,426.31 (44,573.69)
Total Tax Revenue 5,021,456.00 5,021,456.00 - 4,801,166.14 (220,289.86)
2. Non-Tax Revenue - -
a. Service Income 7,390,000.00 7,390,000.00 - 7,369,428.14 (20,571.86)
b. Business Income 1,160,000.00 1,160,000.00 - 73,674.83 (1,086,325.17)
c. Other Income & Receipts (Misc. Income ) 500,000.00 500,000.00 - - (500,000.00)
Total Non-Tax Revenue 9,050,000.00 9,050,000.00 - 7,443,102.97 (1,606,897.03)
B. External Sources - -
1. Share from the National Internal Revenue Taxes (IRA) 154,500,472.00 154,500,472.00 - 154,118,363.00 (382,109.00)
2. Share from GOCC's - -
3. Other Share from National Tax Collection (BGCM) 12,843,197.00 12,843,197.00 12,834,205.45 (8,991.55)
4. Other Receipts - -
a. Shares, Grants & Donations - Share from PCSO 150,000.00 150,000.00 - - (150,000.00)
b. Other Subsidy Income - -
5. Inter-Local Transfer - -
6. Capital/Investment Receipts - -
a. Sale of Capital Assets - -
C. Receipts from Borrowing - -
Total Revenues and Receipts 21.1 168,721,928.00 181,565,125.00 12,843,197.00 179,196,837.56 (2,368,287.44)

Current Appropriations
Expenditures
General Public Services
Personal Services 21.2 43,733,091.88 42,989,111.27 (743,980.61) 41,075,188.76 1,913,922.51
Maintenance and Other Operating Expenses 40,706,348.22 40,706,348.22 - 31,299,551.16 9,406,797.06
Capital Outlay 387,000.00 387,000.00 - 380,182.00 6,818.00

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 Difference Difference
Particulars Notes Budgeted Amounts Original Actual Final
and Final Amounts Budget and
Original Final Budget Actual
Education
Personal Services - - -
Maintenance and Other Operating Expenses 1,331,456.00 1,331,456.00 - 1,265,764.00 65,692.00
Capital Outlay - - -
Health, Nutrition and Population Control - - -
Personal Services 21.3 8,039,991.94 8,534,851.65 494,859.71 8,067,092.64 467,759.01
Maintenance and Other Operating Expenses 5,463,725.00 5,463,725.00 - 2,506,860.74 2,956,864.26
Capital Outlay 150,000.00 150,000.00 - 146,400.00 3,600.00
Housing and Community development - - -
Personal Services - - - -
Maintenance and Other Operating Expenses - - - -
Capital Outlay - - - -
Social Services and Social Welfare - - -
Personal Services 21.4 2,056,344.82 2,116,118.94 59,774.12 1,788,893.57 327,225.37
Maintenance and Other Operating Expenses-GF 4,253,992.00 4,253,992.00 - 3,631,295.11 622,696.89
Capital Outlay-GF 17,000.00 17,000.00 - 15,995.00 1,005.00
MOOE - 20%DF - Provision of Food Assistance and 8,000,000.00 8,000,000.00 - 7,743,156.00 256,844.00
Capital
other ReliefOutlay
goods-- for
20%households
DF- Construction
affected of
byBHS at
COVID 1,500,000.00 1,500,000.00 - 1,473,810.00 26,190.00
Sto.Capital Outlay
Niño, Ang., Isa.20% DF- Completion and Painting of
Perimeter
Capitalfence at -the
Outlay 20%Community Hospital,ofCentro
DF- Construction 3,
Pathways 500,000.00 500,000.00 - 499,201.75 798.25
Angadanan,
at IsabelaHospital, Centro 3, Angadanan,
the Community 500,000.00 500,000.00 - 486,297.00 13,703.00
Isabela
Economic Services
Personal Services 21.5 6,703,448.46 6,892,795.24 189,346.78 6,390,607.02 502,188.22
Maintenance and Other Operating Expenses-GF 4,400,616.68 4,400,616.68 - 3,452,314.99 948,301.69
Capital Outlay-GF 226,500.00 226,500.00 - 214,238.80 12,261.20
Capital Outlay - 20% DF - Purchase of one (1) unit Loa 3,100,000.00 3,100,000.00 - 3,095,000.00 5,000.00
Capital Outlay -20% EDF-Purchase of one (1) unit
Capital Outlay - 20% DF- Construction of access 4,500,000.00 4,500,000.00 4,498,000.00 2000
Self-Loading Truck for LGU, Ang., Isa.
road going to Sanitary Landfill at Macalauat, Angadanan, 500,000.00 500,000.00 478,425.00 21,575.00
Capital Outlay - 20% DF - Construction of Drainage
Isabela 200,000.00 200,000.00 199,318.00 682.00
Canal along Luna Street, Centro 2, Angadanan, Isabela
Other Purposes:
LDRRM Fund
Maintenance and Other Operating Expenses 21.6 7,721,524.00 7,724,024.00 2,500.00 7,724,024.00 -
Capital Outlay 48,000.00 45,500.00 (2,500.00) 45,500.00 -
Aids to 59 component Barangays 59,000.00 59,000.00 - 59,000.00 -

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 Difference Difference
Particulars Notes Budgeted Amounts Original Actual Final
and Final Amounts Budget and
Original Final Budget Actual
SPA - GAD Programs/Activities
Maintenance and Other Operating Expenses 8,278,470.00 8,278,470.00 - 7,001,609.50 1,276,860.50
Capital Outlay 400,000.00 400,000.00 - 383,908.00 16,092.00
SPA- Peace & Order Program -
Maintenance and Other Operating Expenses 1,090,320.00 1,090,320.00 - 1,072,096.90 18,223.10
SPA- LCPC Program -
Maintenance and Other Operating Expenses 1,545,005.00 1,545,005.00 - 1,328,059.08 216,945.92
SPA- SC & PWD Program
Maintenance and Other Operating Expenses 300,000.00 300,000.00 - 296,806.00 3,194.00
SPA- AIDS Prevention Program
Maintenance and Other Operating Expenses 50,000.00 50,000.00 - 49,725.00 275.00
SPA-COVID -19 Related Programs
Maintenance and Other Operating Expenses 12,038,197.00 12,038,197.00 12,033,955.45 4,241.55
Capital Outlay 805,000.00 805,000.00 800,250.00 4,750.00
Total Current Appropriations 155,761,834.00 168,605,031.00 12,843,197.00 149,502,525.47 19,102,505.53
Current Appropriation (Capital Outlay)

GENERAL PUBLIC SERVICES

SB Office - Furniture and Fixtures 50,000.00 50,000.00 - 50,000.00
MHRMO Office - Furnitur and Fixtures 21,000.00 21,000.00 - 21,000.00
GSO- Other Machinery and Equipment 59,000.00 59,000.00 38,500.00 20,500.00
Health, Nutrition and Population Control
MHO-Office Equipment 30,000.00 30,000.00 - 30,000.00
MHO-Furniture and Fixtures 100,000.00 100,000.00 100,000.00
SOCIAL SERVICES AND SOCIAL WELFARE
20% DF - Completion of Multi-purpose Bldg at LGU
20% DF- Construction of 40 units Street 5,900,094.00 5,900,094.00 4,757,753.09 1,142,340.91
Compound, Centro 2, Angadanan, IsabelaLights from
Centro 2 going to Pigalo Bridge, and from Centro 2 3,200,000.00 3,200,000.00 1,522,854.34 1,677,145.66
going to Cumu,SERVICES
ECONOMIC Ang., Isa.
20% EDF- Construction of Sanitary landfill at
3,000,000.00 3,000,000.00 1,260,357.00 1,739,643.00
Macalauat, Ang., Isa.
OTHER PURPOSES 21.7
5% MDRRM Fund - Improvement of Evacuation
500,000.00 500,000.00 500,000.00
Center
5% MDRRM Fund - Construction of generator Set
100,000.00 100,000.00 100,000.00
Box/House
Total Current Appropriations 12,960,094.00 12,960,094.00 - 7,579,464.43 5,380,629.57
Total Current Appropriations 21.8 168,721,928.00 181,565,125.00 12,843,197.00 157,081,989.90 24,483,135.10
Surplus (Deficit) for the period - - - 22,114,847.66 22,114,847.66

(See accompanying Notes to Financial Statements)

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