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ANNUAL REPORT 2018 |
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COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
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For
the Year Ended
December 31, 2018 |
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STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2018 |
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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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Waterworks System Fees |
P
12,202,043.97 |
P
12,975,051.00 |
P
(773,007.03) |
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Interest Income |
7,478.09 |
10,000.00 |
(2,521.91) |
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Fines and
Penalties - Business Income |
508,025.31 |
348,749.26 |
159,276.05 |
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Other Business Income |
21,049.23 |
0.00 |
21,049.23 |
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Income from Grants and Donations in Cash |
1,500,000.00 |
0.00 |
1,500,000.00 |
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Miscellaneous Income |
9,952.00 |
0.00 |
9,952.00 |
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TOTAL INCOME |
14,248,548.60 |
13,333,800.26 |
914,748.34 |
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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 |
2,834,468.75 |
2,834,469.00 |
(0.25) |
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Salaries
and Wages - Casual/Contractual |
712,250.00 |
785,400.00 |
(73,150.00) |
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Total Salaries and Wages |
3,546,718.75 |
3,619,869.00 |
(73,150.25) |
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Other
Compensation |
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Personal
Economic Relief Allowance (PERA) |
430,000.00 |
462,000.00 |
(32,000.00) |
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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 |
104,181.60 |
124,200.00 |
(20,018.40) |
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Honoraria |
5,000.00 |
3,500.00 |
1,500.00 |
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Overtime and Night Pay |
58,059.38 |
75,000.00 |
(16,940.62) |
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Year End Bonus |
284,841.00 |
298,041.00 |
(13,200.00) |
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Cash Gift |
85,000.00 |
100,000.00 |
(15,000.00) |
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Other Bonuses and Allowances |
430,941.00 |
735,187.00 |
(304,246.00) |
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Total Other Compensation |
1,518,022.98 |
1,917,928.00 |
(399,905.02) |
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Personnel Benefit Contributions |
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Retirement and Life Insurance Premiums |
421,962.01 |
434,384.28 |
(12,422.27) |
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PAG-IBIG Contributions |
21,500.00 |
23,100.00 |
(1,600.00) |
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PHILHEALTH Contributions |
47,779.67 |
51,768.95 |
(3,989.28) |
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Employees Compensation Insurance Premiums |
17,964.00 |
23,100.00 |
(5,136.00) |
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Total Personnel Benefit Contributions |
509,205.68 |
532,353.23 |
(23,147.55) |
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Other
Personnel Benefits |
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Terminal Leave Benefits |
116,801.95 |
229,565.55 |
(112,763.60) |
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Other Personnel Benefits |
0.00 |
8,000.00 |
(8,000.00) |
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Total Personnel Benefit Contributions |
116,801.95 |
237,565.55 |
(120,763.60) |
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Total
Personnel Services |
5,690,749.36 |
6,307,715.78 |
(616,966.42) |
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MAINTENANCE
AND OTHER OPERATING EXPENSES |
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Traveling Expenses |
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Traveling Expenses - Local |
196,512.00 |
229,800.00 |
(33,288.00) |
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Total Traveling Expenses |
196,512.00 |
229,800.00 |
(33,288.00) |
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Training and Scholarship Expenses |
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Training Expenses |
68,947.00 |
113,000.00 |
(44,053.00) |
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Total Training and
Scholarship Expenses |
68,947.00 |
113,000.00 |
(44,053.00) |
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Supplies and Materials Expenses |
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Office Supplies Expenses |
67,806.78 |
70,000.00 |
(2,193.22) |
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Accountable Forms Expense |
149,003.17 |
150,720.00 |
(1,716.83) |
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Fuel, Oil and Lubricants Expenses |
1,031,672.72 |
1,075,520.00 |
(43,847.28) |
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Chemical and Filtering Supplies
Expenses |
52,002.64 |
56,500.00 |
(4,497.36) |
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Semi-Expendable Machinery and Equipment Expenses |
22,510.00 |
25,000.00 |
(2,490.00) |
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Semi-Expendable Furniture,
Fixtures and Books Expenses |
6,400.00 |
8,000.00 |
(1,600.00) |
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Other Supplies Expenses |
0.00 |
10,000.00 |
(10,000.00) |
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Other Supplies and Materials
Expenses |
6,500.00 |
8,000.00 |
(1,500.00) |
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Total Supplies and Materials
Expenses |
1,335,895.31 |
1,403,740.00 |
(67,844.69) |
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Utility Expenses |
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Electricity Expenses |
726,988.70 |
746,000.00 |
(19,011.30) |
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Other Utility Expenses |
725.00 |
4,200.00 |
(3,475.00) |
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Total Utility Expenses |
727,713.70 |
750,200.00 |
(22,486.30) |
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Communication Expenses |
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Postage and Courier Services |
3,110.00 |
6,000.00 |
(2,890.00) |
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Telephone Expenses |
32,047.63 |
36,600.00 |
(4,552.37) |
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Internet Subscription Expenses |
23,940.00 |
24,000.00 |
(60.00) |
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Cable, Satellite, Telegraph and Radio
Expenses |
4,100.00 |
3,000.00 |
1,100.00 |
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Total Communication Expenses |
63,197.63 |
69,600.00 |
(6,402.37) |
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Professional Services |
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Auditing Services |
0.00 |
75,000.00 |
(75,000.00) |
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Other Professional Services |
0.00 |
3,700.00 |
(3,700.00) |
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Total Professional Services |
0.00 |
78,700.00 |
(78,700.00) |
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Repairs and Maintenance |
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Repairs and Maintenance - Land Improvements |
0.00 |
20,000.00 |
(20,000.00) |
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Repairs and Maintenance - Infrastructure
Assets |
508,865.97 |
510,000.00 |
(1,134.03) |
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Repairs and Maintenance - Buildings and
Other Structures |
23,569.00 |
50,000.00 |
(26,431.00) |
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Repairs and Maintenance - Machinery and Equipment |
1,200.00 |
30,000.00 |
(28,800.00) |
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Repairs and Maintenance - Transportation
Equipment |
16,549.00 |
25,000.00 |
(8,451.00) |
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Repairs and Maintenance - Furniture and
Fixtures |
0.00 |
6,000.00 |
(6,000.00) |
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Total Repairs and
Maintenance |
550,183.97 |
641,000.00 |
(90,816.03) |
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Taxes, Insurance Premiums and
Other Fees |
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Taxes, Duties and Licenses |
292,645.83 |
307,932.22 |
(15,286.39) |
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Fidelity Bond Premiums |
7,125.00 |
15,000.00 |
(7,875.00) |
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Insurance Expenses |
47,121.39 |
141,000.00 |
(93,878.61) |
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Total Taxes, Insurance
Premiums and Other Fees |
346,892.22 |
463,932.22 |
(117,040.00) |
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Other Maintenance and Operating
Expenses |
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Labor and Wages |
600.00 |
8,800.00 |
(8,200.00) |
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Advertising, Promotional and Marketing Expenses |
5,000.00 |
(10,000.00) |
(5,000.00) |
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Representation Expenses |
103,954.00 |
120,000.00 |
(16,046.00) |
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Rent/Lease Expenses |
5,000.00 |
5,000.00 |
0.00 |
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Membership Dues & Contributions to
Organizations |
8,751.00 |
9,000.00 |
(249.00) |
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Subscription Expenses |
13,192.00 |
20,000.00 |
(6,808.00) |
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Directors and Committee Members' Fees |
177,984.00 |
194,272.00 |
(16,288.00) |
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Total Other Maintenance and
Operating Expenses |
314,481.00 |
367,072.00 |
(52,591.00) |
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Total
Maintenance and Other Operating Expenses |
3,603,822.83 |
4,117,044.22 |
(513,221.39) |
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FINANCIAL
EXPENSES |
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Financial Expenses |
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Interest Expenses |
988,666.00 |
988,666.00 |
0.00 |
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Total
Financial Expenses |
988,666.00 |
988,666.00 |
0.00 |
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NON-CASH
EXPENSES |
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Depreciation |
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Depreciation - Land Improvements |
3,424.31 |
3,500.00 |
(75.69) |
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Depreciation - Infrastructure Assets |
1,246,208.95 |
1,620,000.00 |
(373,791.05) |
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Depreciation - Buildings and Other
Structures |
68,651.52 |
70,000.00 |
(1,348.48) |
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Depreciation - Machinery and Equipment |
36,582.00 |
69,000.00 |
(32,418.00) |
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Depreciation - Transportation Equipment |
19,773.66 |
18,000.00 |
1,773.66 |
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Depreciation - Furniture, Fixtures and Books |
0.00 |
8,500.00 |
(8,500.00) |
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Total
Depreciation |
1,374,640.44 |
1,789,000.00 |
(414,359.56) |
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Impairment Loss |
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Impairment Loss - Loans and Receivables |
775.39 |
120,000.00 |
(119,224.61) |
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Total
Impairment Loss |
775.39 |
120,000.00 |
(119,224.61) |
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Total
Non-Cash Expenses |
1,375,415.83 |
1,909,000.00 |
(533,584.17) |
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TOTAL
EXPENSES |
11,658,654.02 |
13,322,426.00 |
(1,663,771.98) |
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NET INCOME
(LOSS) |
2,589,894.58 |
11,374.26 |
2,578,520.32 |
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