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ANNUAL REPORT 2019 |
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COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
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For
the Year Ended
December 31, 2019 |
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STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2019 |
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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
11,880,063.50 |
P
13,539,696.00 |
P
(1,659,632.50) |
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Interest Income |
5,821.33 |
5,000.00 |
821.33 |
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Fines and
Penalties - Business Income |
520,328.99 |
363,796.61 |
156,532.38 |
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Other Business Income |
36,249.94 |
20,000.00 |
16,249.94 |
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Miscellaneous Income |
3,976.00 |
5,000.00 |
(1,024.00) |
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TOTAL INCOME |
12,446,439.76 |
13,933,492.61 |
-1,487,052.85 |
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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 |
2,975,742.39 |
3,001,602.00 |
(25,859.61) |
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Salaries
and Wages - Casual/Contractual |
1,018,473.93 |
1,035,600.00 |
(17,126.07) |
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Total Salaries and Wages |
3,994,216.32 |
4,037,202.00 |
(42,985.68) |
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Other
Compensation |
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Personal
Economic Relief Allowance (PERA) |
430,999.90 |
446,000.00 |
(15,000.10) |
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Representation Allowance (RA) |
58,750.00 |
90,000.00 |
(31,250.00) |
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Transportation Allowance (TA) |
58,750.00 |
90,000.00 |
(31,250.00) |
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Clothing/Uniform Allowance |
106,000.00 |
118,200.00 |
(12,200.00) |
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Honoraria |
2,500.00 |
5,000.00 |
(2,500.00) |
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Overtime and Night Pay |
77,745.00 |
82,000.00 |
(4,255.00) |
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Year End Bonus |
322,952.00 |
331,114.00 |
(8,162.00) |
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Cash Gift |
90,000.00 |
95,000.00 |
(5,000.00) |
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Other Bonuses and Allowances |
645,591.00 |
686,840.80 |
(41,249.80) |
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Total Other Compensation |
1,793,287.90 |
1,944,154.80 |
(150,866.90) |
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Personnel Benefit Contributions |
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Retirement and Life Insurance Premiums |
464,196.47 |
475,824.24 |
(11,627.77) |
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PAG-IBIG Contributions |
21,500.00 |
22,800.00 |
(1,300.00) |
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PHILHEALTH Contributions |
48,513.60 |
50,497.76 |
(1,984.16) |
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Employees Compensation Insurance Premiums |
19,472.40 |
22,800.00 |
(3,327.60) |
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Total Personnel Benefit Contributions |
553,682.47 |
571,922.00 |
(18,239.53) |
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Other
Personnel Benefits |
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Terminal Leave Benefits |
38,064.04 |
265,207.27 |
(227,143.23) |
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Total Personnel Benefit Contributions |
38,064.04 |
265,207.27 |
(227,143.23) |
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Total
Personnel Services |
6,379,250.73 |
6,818,486.07 |
(439,235.34) |
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MAINTENANCE
AND OTHER OPERATING EXPENSES |
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Traveling Expenses |
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Traveling Expenses - Local |
170,689.00 |
257,600.00 |
(86,911.00) |
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Total Traveling Expenses |
170,689.00 |
257,600.00 |
(86,911.00) |
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Training and Scholarship Expenses |
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Training Expenses |
113,667.99 |
315,000.00 |
(201,332.01) |
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Total Training and
Scholarship Expenses |
113,667.99 |
315,000.00 |
(201,332.01) |
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Supplies and Materials Expenses |
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Office Supplies Expenses |
70,178.70 |
70,000.00 |
178.70 |
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Accountable Forms Expense |
145,288.03 |
171,600.00 |
(26,311.97) |
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Fuel, Oil and Lubricants Expenses |
599,502.47 |
784,690.00 |
(185,187.53) |
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Chemical and Filtering Supplies
Expenses |
45,436.58 |
75,900.00 |
(30,463.42) |
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Semi-Expendable Machinery and Equipment Expenses |
6,930.00 |
0.00 |
6,930.00 |
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Other Supplies Expenses |
1,950.00 |
20,000.00 |
(18,050.00) |
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Total Supplies and Materials
Expenses |
869,285.78 |
1,122,190.00 |
(252,904.22) |
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Utility Expenses |
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Electricity Expenses |
1,230,463.26 |
1,256,000.00 |
(25,536.74) |
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Total Utility Expenses |
1,230,463.26 |
1,256,000.00 |
(25,536.74) |
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Communication Expenses |
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Postage and Courier Services |
2,650.00 |
6,000.00 |
(3,350.00) |
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Telephone Expenses |
31,840.80 |
36,600.00 |
(4,759.20) |
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Internet Subscription Expenses |
24,039.00 |
24,000.00 |
39.00 |
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Cable, Satellite, Telegraph and Radio
Expenses |
2,160.00 |
3,000.00 |
(840.00) |
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Total Communication Expenses |
60,689.80 |
69,600.00 |
(8,910.20) |
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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 |
702,072.08 |
663,800.00 |
38,272.08 |
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Repairs and Maintenance - Buildings and
Other Structures |
2,845.00 |
50,000.00 |
(47,155.00) |
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Repairs and Maintenance - Machinery and Equipment |
34,677.50 |
50,000.00 |
(15,322.50) |
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Repairs and Maintenance - Transportation
Equipment |
15,070.00 |
25,000.00 |
(9,930.00) |
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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 |
754,664.58 |
814,800.00 |
(60,135.42 |
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Taxes, Insurance Premiums and
Other Fees |
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Taxes, Duties and Licenses |
303,193.11 |
398,944.85 |
(95,751.74) |
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Fidelity Bond Premiums |
15,297.00 |
22,957.50 |
(7,660.50) |
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Insurance Expenses |
44,320.82 |
141,000.00 |
(96,679.18) |
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Total Taxes, Insurance
Premiums and Other Fees |
362,810.93 |
562,902.35 |
(200,091.42) |
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Other Maintenance and Operating
Expenses |
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Representation Expenses |
68,064.00 |
120,000.00 |
(51,936.00) |
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Membership Dues & Contributions to
Organizations |
12,058.00 |
12,200.00 |
(142.00) |
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Subscription Expenses |
5,703.00 |
10,000.00 |
(4,297.00) |
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Directors and Committee Members' Fees |
139,392.00 |
435,600.00 |
(296,208.00) |
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Total Other Maintenance and
Operating Expenses |
225,217.00 |
577,800.00 |
(352,583.00) |
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Total
Maintenance and Other Operating Expenses |
3,784,488.34 |
4,975,892.35 |
(1,188,404.01) |
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FINANCIAL
EXPENSES |
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Financial Expenses |
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Interest Expenses |
899,877.00 |
900,000.00 |
(123.00) |
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Total
Financial Expenses |
899,877.00 |
900,000.00 |
(123.00) |
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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 |
1,582,469.29 |
1,600,000.00 |
(17,530.71) |
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Depreciation - Buildings and Other
Structures |
61,838.97 |
70,000.00 |
(8,161.03) |
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Depreciation - Machinery and Equipment |
93,084.39 |
35,000.00 |
58,084.39 |
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Depreciation - Transportation Equipment |
28,760.79 |
30,000.00 |
(1,239.21) |
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Total
Depreciation |
1,769,577.75 |
1,738,500.00 |
31,077.75 |
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Impairment Loss |
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Impairment Loss - Loans and Receivables |
2,136.54 |
150,000.00 |
(147,863.46) |
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Total
Impairment Loss |
2,136.54 |
150,000.00 |
(147,863.46) |
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Total
Non-Cash Expenses |
1,771,714.29 |
1,888,500.00 |
(116,785.71) |
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TOTAL
EXPENSES |
12,838,330.36 |
14,582,878.42 |
(1,744,548.06) |
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NET INCOME
(LOSS) |
(391,890.60) |
(649,385.81) |
257,495.21 |
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