| |
|
|
|
|
|
|
|
|
|
|
 |
ANNUAL REPORT 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
|
|
|
For
the Year Ended
December 31, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2020 |
|
|
ACTUAL |
BUDGET |
DIFFERENCE
Inc. (Dec.) |
|
INCOME |
|
|
|
|
SERVICE AND BUSINESS INCOME |
|
|
|
|
Waterworks System Fees |
P
12,341,773.54 |
P
13,617,409.00 |
P
(1,275,635.46) |
|
Interest Income |
4,512.33 |
5,000.00 |
(487.67) |
|
Fines and
Penalties - Business Income |
358,615.45 |
363,315.37 |
(4,699.92) |
|
Other Business Income |
61,639.31 |
20,000.00 |
41,639.31 |
|
Miscellaneous Income |
2,250.00 |
5,000.00 |
(2,750.00) |
|
|
|
|
|
|
TOTAL INCOME |
12,768,790.63 |
14,010,724.37 |
(1,241,933.74) |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
PERSONNEL
SERVICES |
|
|
|
|
Salaries and Wages |
|
|
|
|
Salaries and Wages - Regular |
3,015,533.50 |
3,249,625.60 |
(234,092.10) |
|
Salaries
and Wages - Casual/Contractual |
1,158,813.35 |
1,185,600.00 |
(26,786.65) |
|
Total Salaries and Wages |
4,174,346.85 |
4,435,225.60 |
(260,878.75) |
|
Other
Compensation |
|
|
|
|
Personal
Economic Relief Allowance (PERA) |
412,000.00 |
432,000.00 |
(20,000.00) |
|
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 |
106,475.00 |
112,200.00 |
(5,725.00) |
|
Honoraria |
1,000.00 |
5,000.00 |
(4,000.00) |
|
Hazard Pay |
64,750.00 |
65,000.00 |
(250.00) |
|
Overtime and Night Pay |
41,943.00 |
72,000.00 |
(30,057.00) |
|
Year End Bonus |
340,304.00 |
356,054.60 |
(15,750.60) |
|
Cash Gift |
90,000.00 |
90,000.00 |
0.00 |
|
Other Bonuses and Allowances |
660,617.00 |
674,063.00 |
(13,446.00) |
|
Total Other Compensation |
1,837,089.00 |
1,926,317.60 |
(89,228.60) |
|
Personnel Benefit Contributions |
|
|
|
|
Retirement and Life Insurance Premiums |
471,011.26 |
511,803.07 |
(40,791.81) |
|
PAG-IBIG Contributions |
20,600.00 |
21,600.00 |
(1,000.00) |
|
PHILHEALTH Contributions |
55,889.44 |
60,049.96 |
(4,160.52) |
|
Employees Compensation Insurance Premiums |
19,376.00 |
21,600.00 |
(2,224.00) |
|
Total Personnel Benefit Contributions |
566,876.70 |
615,053.03 |
(48,176.33) |
|
Other
Personnel Benefits |
|
|
|
|
Terminal Leave Benefits |
75,776.89 |
107,897.50 |
(32,120.61) |
|
Total Personnel Benefit Contributions |
75,776.89 |
107,897.50 |
(32,120.61) |
|
|
|
|
|
|
Total
Personnel Services |
6,654,089.44 |
7,084,493.73 |
(430,404.29) |
| |
|
|
|
|
MAINTENANCE
AND OTHER OPERATING EXPENSES |
|
|
|
|
Traveling Expenses |
|
|
|
|
Traveling Expenses - Local |
115,745.00 |
257,600.00 |
(141,855.00) |
|
Total Traveling Expenses |
115,745.00 |
257,600.00 |
(141,855.00) |
|
Training and Scholarship Expenses |
|
|
|
|
Training Expenses |
43,852.00 |
400,000.00 |
(356,148.00) |
|
Total Training and
Scholarship Expenses |
43,852.00 |
400,000.00 |
(356,148.00) |
|
Supplies and Materials Expenses |
|
|
|
|
Office Supplies Expenses |
56,995.56 |
70,000.00 |
(13,004.44) |
|
Accountable Forms Expense |
129,265.48 |
167,700.00 |
(38,434.52) |
|
Fuel, Oil and Lubricants Expenses |
264,508.54 |
384,690.00 |
(120,181.46) |
|
Chemical and Filtering Supplies
Expenses |
40,063.12 |
75,900.00 |
(35,836.88) |
|
Semi-Expendable Machinery and Equipment Expenses |
3,465.00 |
0.00 |
3,465.00 |
|
Other Supplies Expenses |
12,226.00 |
20,000.00 |
(7,774.00) |
|
Total Supplies and Materials
Expenses |
506,523.70 |
718,290.00 |
(211,766.30) |
|
Utility Expenses |
|
|
|
|
Electricity Expenses |
783,372.04 |
1,041,000.00 |
(257,627.96) |
|
Total Utility Expenses |
783,372.04 |
1,041,000.00 |
(257,627.96) |
|
Communication Expenses |
|
|
|
|
Postage and Courier Services |
2,569.00 |
6,000.00 |
(3,431.00) |
|
Telephone Expenses |
32,102.30 |
36,600.00 |
(4,497.70) |
|
Internet Subscription Expenses |
21,939.00 |
24,000.00 |
(2,061.00) |
|
Cable, Satellite, Telegraph and Radio
Expenses |
720.00 |
4,800.00 |
(4,080.00) |
|
Total Communication Expenses |
57,330.30 |
71,400.00 |
(14,069.70) |
|
Repairs and Maintenance |
|
|
|
|
Repairs and Maintenance - Land Improvements |
0.00 |
20,000.00 |
(20,000.00) |
|
Repairs and Maintenance - Infrastructure
Assets |
442,016.17 |
616,800.00 |
(174,783.83) |
|
Repairs and Maintenance - Buildings and
Other Structures |
1,660.00 |
50,000.00 |
(48,340.00) |
|
Repairs and Maintenance - Machinery and Equipment |
24,505.00 |
30,000.00 |
(5,495.00) |
|
Repairs and Maintenance - Transportation
Equipment |
14,890.00 |
25,000.00 |
(10,110.00) |
|
Repairs and Maintenance - Furniture and
Fixtures |
310.00 |
6,000.00 |
(5,690.00) |
|
Total Repairs and
Maintenance |
483,381.17 |
747,800.00 |
(264,418.83) |
|
Taxes, Insurance Premiums and
Other Fees |
|
|
|
|
Taxes, Duties and Licenses |
273,692.10 |
378,889.49 |
(105,197.39) |
|
Fidelity Bond Premiums |
24,943.17 |
22,957.50 |
1,985.67 |
|
Insurance Expenses |
43,706.87 |
141,000.00 |
(97,293.13) |
|
Total Taxes, Insurance
Premiums and Other Fees |
342,342.14 |
542,846.99 |
(200,504.85) |
|
Other Maintenance and Operating
Expenses |
|
|
|
|
Representation Expenses |
53,863.00 |
120,000.00 |
(66,137.00) |
|
Rent/Lease Expenses |
2,000.00 |
2,000.00 |
0.00 |
|
Membership Dues & Contributions to
Organizations |
3,008.00 |
9,300.00 |
(6,292.00) |
|
Subscription Expenses |
0.00 |
10,000.00 |
(10,000.00) |
|
Directors and Committee Members' Fees |
159,552.00 |
384,000.00 |
(224,448.00) |
|
Total Other Maintenance and
Operating Expenses |
218,423.00 |
525,300.00 |
(306,877.00) |
|
|
|
|
|
|
Total
Maintenance and Other Operating Expenses |
2,550,969.35 |
4,304,236.99 |
(1,753,267.64) |
| |
|
|
|
|
FINANCIAL
EXPENSES |
|
|
|
|
Financial Expenses |
|
|
|
|
Interest Expenses |
466,217.00 |
810,000.00 |
(343,783.00) |
|
Total
Financial Expenses |
466,217.00 |
810,000.00 |
(433,783.00) |
|
|
|
|
|
|
NON-CASH
EXPENSES |
|
|
|
|
Depreciation |
|
|
|
|
Depreciation - Land Improvements |
3,424.31 |
3,500.00 |
(75.69) |
|
Depreciation - Infrastructure Assets |
1,592,253.84 |
1,400,000.00 |
192,253.84 |
|
Depreciation - Buildings and Other
Structures |
61,838.97 |
70,000.00 |
(8,161.03) |
|
Depreciation - Machinery and Equipment |
94,073.94 |
38,000.00 |
56,073.94 |
|
Depreciation - Transportation Equipment |
28,760.79 |
30,000.00 |
(1,239.21) |
|
Total
Depreciation |
1,780,351.85 |
1,541,500.00 |
238,851.85 |
|
Impairment Loss |
|
|
|
|
Impairment Loss - Loans and Receivables |
8,325.97 |
150,000.00 |
(141,674.03) |
|
Total
Impairment Loss |
8,325.97 |
150,000.00 |
(141,674.03) |
|
|
|
|
|
|
Total
Non-Cash Expenses |
1,788,677.82 |
1,691,500.00 |
97,177.82 |
|
|
|
|
|
|
TOTAL
EXPENSES |
11,459,953.61 |
13,890,230.72 |
(2,430,277.11) |
|
|
|
|
|
|
NET INCOME
(LOSS) |
1,308,837.02 |
120,493.65 |
1,888,343.37 |
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
