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ANNUAL REPORT 2019

 
     
     
 

COMPARATIVE STATEMENT OF INCOME AND EXPENSES

 
 

For the Year Ended December 31, 2019

 
     
 

 

 
 

                            

STATEMENT OF INCOME AND EXPENSES    January 1 - December 31, 2019
  ACTUAL BUDGET      DIFFERENCE       Inc. (Dec.)
INCOME      
SERVICE AND BUSINESS INCOME      
   Waterworks System Fees P     11,880,063.50 P    13,539,696.00  P    (1,659,632.50) 
   Interest Income 5,821.33 5,000.00 821.33
   Fines and Penalties - Business Income 520,328.99 363,796.61 156,532.38
   Other Business Income 36,249.94 20,000.00 16,249.94
   Miscellaneous Income 3,976.00 5,000.00 (1,024.00)
       
TOTAL INCOME 12,446,439.76 13,933,492.61 -1,487,052.85
       
EXPENSES      
PERSONNEL SERVICES      
  Salaries and Wages      
   Salaries and Wages - Regular 2,975,742.39 3,001,602.00 (25,859.61)
   Salaries and Wages - Casual/Contractual 1,018,473.93 1,035,600.00 (17,126.07)
   Total Salaries and Wages 3,994,216.32 4,037,202.00 (42,985.68)
  Other Compensation      
   Personal Economic Relief Allowance (PERA) 430,999.90 446,000.00 (15,000.10)
   Representation Allowance (RA) 58,750.00 90,000.00 (31,250.00)
   Transportation Allowance (TA) 58,750.00 90,000.00 (31,250.00)
   Clothing/Uniform Allowance 106,000.00 118,200.00 (12,200.00)
   Honoraria 2,500.00 5,000.00 (2,500.00)
   Overtime and Night Pay 77,745.00 82,000.00 (4,255.00)
   Year End Bonus 322,952.00 331,114.00 (8,162.00)
   Cash Gift 90,000.00 95,000.00 (5,000.00)
   Other Bonuses and Allowances 645,591.00 686,840.80 (41,249.80)
   Total Other Compensation 1,793,287.90 1,944,154.80 (150,866.90)
  Personnel Benefit Contributions      
   Retirement and Life Insurance Premiums 464,196.47 475,824.24 (11,627.77)
   PAG-IBIG Contributions 21,500.00 22,800.00 (1,300.00)
   PHILHEALTH Contributions 48,513.60 50,497.76 (1,984.16)
   Employees Compensation Insurance Premiums 19,472.40 22,800.00 (3,327.60)
   Total Personnel Benefit Contributions 553,682.47 571,922.00 (18,239.53)
  Other Personnel Benefits      
   Terminal Leave Benefits 38,064.04 265,207.27 (227,143.23)
   Total Personnel Benefit Contributions 38,064.04 265,207.27 (227,143.23)
       

Total Personnel Services

6,379,250.73 6,818,486.07 (439,235.34)
       
MAINTENANCE AND OTHER OPERATING EXPENSES      
  Traveling Expenses      
   Traveling Expenses - Local 170,689.00 257,600.00 (86,911.00)
   Total Traveling Expenses 170,689.00 257,600.00 (86,911.00)
  Training and Scholarship Expenses      
   Training Expenses 113,667.99 315,000.00 (201,332.01)
   Total Training and Scholarship Expenses 113,667.99 315,000.00 (201,332.01)
  Supplies and Materials Expenses      
   Office Supplies Expenses 70,178.70 70,000.00 178.70
   Accountable Forms Expense 145,288.03 171,600.00 (26,311.97)
   Fuel, Oil and Lubricants Expenses 599,502.47 784,690.00 (185,187.53)
   Chemical and Filtering Supplies Expenses 45,436.58 75,900.00 (30,463.42)
   Semi-Expendable Machinery and Equipment Expenses 6,930.00 0.00 6,930.00
   Other Supplies Expenses 1,950.00 20,000.00 (18,050.00)
   Total Supplies and Materials Expenses 869,285.78 1,122,190.00 (252,904.22)
  Utility Expenses      
   Electricity Expenses 1,230,463.26 1,256,000.00 (25,536.74)
   Total Utility Expenses 1,230,463.26 1,256,000.00 (25,536.74)
  Communication Expenses      
   Postage and Courier Services 2,650.00 6,000.00 (3,350.00)
   Telephone Expenses 31,840.80 36,600.00 (4,759.20)
   Internet Subscription Expenses 24,039.00 24,000.00 39.00
   Cable, Satellite, Telegraph and Radio Expenses 2,160.00 3,000.00 (840.00)
   Total Communication Expenses 60,689.80 69,600.00 (8,910.20)
  Repairs and Maintenance      
   Repairs and Maintenance - Land Improvements 0.00 20,000.00 (20,000.00)
   Repairs and Maintenance - Infrastructure Assets 702,072.08 663,800.00 38,272.08
   Repairs and Maintenance - Buildings and Other Structures 2,845.00 50,000.00 (47,155.00)
   Repairs and Maintenance - Machinery and Equipment 34,677.50 50,000.00 (15,322.50)
   Repairs and Maintenance - Transportation Equipment 15,070.00 25,000.00 (9,930.00)
   Repairs and Maintenance - Furniture and Fixtures 0.00 6,000.00 (6,000.00)
   Total Repairs and Maintenance 754,664.58 814,800.00 (60,135.42
  Taxes, Insurance Premiums and Other Fees      
   Taxes, Duties and Licenses 303,193.11 398,944.85 (95,751.74)
   Fidelity Bond Premiums 15,297.00 22,957.50 (7,660.50)
   Insurance Expenses 44,320.82 141,000.00 (96,679.18)
   Total Taxes, Insurance Premiums and Other Fees 362,810.93 562,902.35 (200,091.42)
  Other Maintenance and Operating Expenses      
   Representation Expenses 68,064.00 120,000.00 (51,936.00)
   Membership Dues & Contributions to Organizations 12,058.00 12,200.00 (142.00)
   Subscription Expenses 5,703.00 10,000.00 (4,297.00)
   Directors and Committee Members' Fees 139,392.00 435,600.00 (296,208.00)
   Total Other Maintenance and Operating Expenses 225,217.00 577,800.00 (352,583.00)
       

Total Maintenance and Other Operating Expenses

3,784,488.34 4,975,892.35 (1,188,404.01)
       
FINANCIAL EXPENSES      
  Financial Expenses      
   Interest Expenses 899,877.00 900,000.00 (123.00)

Total Financial Expenses

899,877.00 900,000.00 (123.00)
       
NON-CASH EXPENSES      
  Depreciation      
   Depreciation - Land Improvements 3,424.31 3,500.00 (75.69)
   Depreciation - Infrastructure Assets 1,582,469.29 1,600,000.00 (17,530.71)
   Depreciation - Buildings and Other Structures 61,838.97 70,000.00 (8,161.03)
   Depreciation - Machinery and Equipment 93,084.39 35,000.00 58,084.39
   Depreciation - Transportation Equipment 28,760.79 30,000.00 (1,239.21)

Total Depreciation

1,769,577.75 1,738,500.00 31,077.75
  Impairment Loss      
   Impairment Loss - Loans and Receivables 2,136.54 150,000.00 (147,863.46)

Total Impairment Loss

2,136.54 150,000.00 (147,863.46)
       

Total Non-Cash Expenses

1,771,714.29 1,888,500.00 (116,785.71)
       
TOTAL EXPENSES 12,838,330.36 14,582,878.42 (1,744,548.06)
       

NET INCOME (LOSS)

(391,890.60) (649,385.81) 257,495.21

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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