GWD Home "Bawat Patak ng Tubig ay Mahalaga, Huwag Mag-aksaya"

 
 

                        

Image result for transparency seal

 

ANNUAL REPORT 2016

 
     
     
 

COMPARATIVE STATEMENT OF INCOME AND EXPENSES

 
 

For the Calendar Year Ended December 31, 2016

 
     
 

 

 
 

                            

STATEMENT OF INCOME AND EXPENSES - 2016
  ACTUAL BUDGET      DIFFERENCE       Inc. (Dec.)
INCOME      
   Income from Waterworks System P     10,812,420.93 P    10,873,338.00  P    (60,917.07) 
   Other Business Income 535,089.88 280,000.00 (255,089.88)
   Fines and Penalties 551,464.02 535,818.90 15,645.12

GROSS INCOME

11,898,974.83 11,689,156.90 209,817.93
       
LESS:  EXPENSES      
PERSONAL SERVICES      
   Salaries and Wages - Regular 2,117,053.34 2,594,076.00 (477,022.66)
   Salaries and Wages - Contractual 354,120.81 366,300.00 (12,179.19)
   Personal Economic Relief Allowance (PERA) 224,000.00 264,000.00 (40,000.00)
   Representation Allowance (RA) 60,000.00 60,000.00 0.00
   Transportation Allowance (TA) 60,000.00 60,000.00 0.00
   Clothing/Uniform Allowance 57,436.00 65,000.00 (7,564.00)
   Productivity Incentive Allowance 0.00 22,000.00 (22,000.00)
   Other Bonuses and Allowances 285,273.00 310,973.00 (25,700.00)
   Honoraria 3,500.00 0.00 3,500.00
   Overtime and Night Pay 16,665.73 18,000.00 (1,334.27)
   Cash Gift 47,500.00 55,000.00 (7,500.00)
   Year End Bonus 207,773.00 216,173.00 (8,400.00)
   Life and Retirement Insurance Contributions 255,797.73 311,289.12 (55,491.39)
   PAG-IBIG Contributions 11,200.00 13,200.00 (2,000.00)
   PHILHEALTH Contributions 25,000.00 28,950.00 (3,950.00)
   ECC - Contributions 11,200.00 13,200.00 (2,000.00)
   Terminal Leave Benefits 142,108.37 144,51619 (2,407.82)
   Provident Fund Benefits 0.00 16,272.12 (16,272.12)
   Other Personal Benefits 9,780.00 0.00 9,780.00

Total Personal Services

3,888,407.98 4,558,949.43 (670,541.45)
       
MAINTENANCE AND OTHER OPERATING EXPENSES      
   Travelling Expenses - Local 145,570.72 170,000.00 (24,429.28)
   Training Expenses 161,593.70 240,000.00 (78,406.30)
   Office Supplies Expenses 56,186.53 60,000.00 (3,813.47)
   Accountable Forms Expense 90,188.73 98,820.00 (8,631.27)
   Gasoline, Oil and Lubricants Expenses 303,523.15 523,440.00 (219,916.85)
   Other Supplies Expenses 29,257.86 67,230.00 (37,972.14)
   Electricity Expense 422,603.06 342,000.00 80,603.06
   Postage and Deliveries 1,115.00 6,000.00 (4,885.00)
   Telephone Expenses - Landline 10,361.82 18,000.00 (7,638.18)
   Telephone Expenses - Mobile 17,276.00 24,000.00 (6,724.00)
   Internet Expenses 21,728.75 14,400.00 7,328.75
   Cable, Satellite, Telegraph and Radio Expenses 1,490.00 2,400.00 (910.00)
   Membership Dues & Contributions to Organization 8,061.00 9,000.00 (939.00)
   Advertising Expenses 5,000.00 10,000.00 (5,000.00)
   Rent Expense 5,000.00 2,000.00 3,000.00
   Representation Expenses 91,415.00 140,000.00 (48,585.00)
   Rewards and Other Claims 0.00 0.00 0.00
   Legal Services 0.00 0.00 0.00
   Auditing Services 0.00 0.00 0.00
   Board Members Allowances and Other Benefits 179,424.00 214,272.00 (34,848.00)
   Repairs and Maintenance - Land Improvements 0.00 10,000.00 (10,000.00)
   Repairs and Maintenance - Water System and Structures 639,303.53 807,900.00 (168,596.47)
   Repairs and Maintenance - Office Buildings 9,687.00 50,000.00 (40,313.00)
   Repairs and Maintenance - Office Equipment 4,000.00 8,000.00 (4,000.00)
   Repairs and Maintenance - Furniture & Fixtures 0.00 6,000.00 (6,000.00)
   Repairs and Maintenance - IT Equipment 7,300.00 10,000.00 (2,700.00)
   Repairs and Maintenance - Machineries 0.00 3,000.00 (3,000.00)
   Repairs and Maintenance - Communication Equipment 200.00 1,000.00 (800.00)
   Repairs and Maintenance - Other Machineries & Equipment 0.00 0.00 0.00
   Repairs and Maintenance - Motor Vehicles 33,710.05 24,000.00 9,710.00
   Repairs and Maintenance - Reforestation 0.00 18,000.00 (18,000.00)
   Donations 0.00 0.00 0.00
   Taxes, Duties and Licenses 262,693.23 249,681.35 13,011.88
   Fidelity Bond Premiums 5,049.96 6,000.00 (950.04)
   Insurance Expenses 39,888.12 67,000.00 (27,111.85)
   Bad Debts Expense 105,321.41 130,000.00 (24,678.59)
   Depreciation - Land Improvement 3,424.31 3,500.00 (75.69)
   Depreciation - Water System and Structures 1,214,620.61 1,645,600.00 (430,979.39)
   Depreciation - Office Buildings 68,683.68 68,700.00 (16.32)
   Depreciation - Office Equipment 16,618.43 12,700.00 3,918.43
   Depreciation - Furniture and Fixtures 8,415.11 10,500.00 (2,804.89)
   Depreciation - IT Equipment 26,261.82 23,500.00 (2,761.82)
   Depreciation - Machineries 2,285.10 6,000.00 (3,714.90)
   Depreciation - Communication Equipment 1,012.05 3,000.00 (1,987.95)
   Depreciation - Other Machineries and Equipment 885.32 6,500.00 (5,614.68)
   Depreciation - Motor Vehicles 13,556.82 20,000.00 (6,443.18(

Total Maintenance and Other Operating Expenses

4,012,711.87 5,132,143.35 (1,119,431.48)
       
FINANCIAL EXPENSES      
   Bank Charges 0.00 0.00 0.00
   Interest Expense 1,145,880.00 1,516,930.00 (371,050.00)

Total Financial Expenses

1,145,880.00 1,516,930.00 (371,050.00)
       

TOTAL EXPENSES

9,046,999.85 11,208,022.78 (2,161,022.93)
       

Income (Loss) from Operation

2,851,974.98 481,134.12 2,370,840.86
       

Other Income (Loss)

     
   Interest Income 9,061.46 2,000.00 7,061.46
   Miscellaneous Income 3,500.00 0.00 3,500.00
   Prior Years Adjustment (180,000.00) 0.00 (180,000.00)

Total Other Income (Loss)

(167,438.54) 2,000.00 (169,438.54)
       

NET INCOME (LOSS)

2,684,536.44 483,134.12 2,201,402.32

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

About Us    Contact Us   Other Government Links
Copyright 2002 National Computer Center
All rights reserved.
Optimized for browser versions 4.0 and higher.