| |
|
|
|
|
|
|
|
|
|
|
 |
ANNUAL REPORT 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
|
|
|
For
the Year Ended
December 31, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2021 |
|
|
ACTUAL |
BUDGET |
DIFFERENCE
Inc. (Dec.) |
|
INCOME |
|
|
|
|
SERVICE AND BUSINESS INCOME |
|
|
|
|
Service Income |
|
|
|
|
Clearance and Certification Fees |
P 250.00 |
P
0.00 |
P
250.00 |
|
Total Service Income |
250.00 |
0.00 |
250.00 |
|
Business Income |
|
|
|
|
Waterworks System Fees |
13,728,330.04 |
13,598,170.00 |
130,160.04 |
|
Interest Income |
3,796.72 |
5,000.00 |
(1,203.28) |
|
Fines and
Penalties - Business Income |
588,183.30 |
362,761.56 |
225,421.74 |
|
Other Business Income |
113,774.56 |
20,000.00 |
93,774.56 |
|
Total Business Income |
14,434,084.62 |
13,985,931.56 |
448,153.06 |
|
Other
Non-Operating Income |
|
|
|
|
Miscellaneous Income |
|
|
|
|
Miscellaneous Income |
5,707.50 |
5,000.00 |
707.50 |
|
Total Miscellaneous Income |
5,707.50 |
5,000.00 |
5,707.50 |
|
TOTAL INCOME |
14,440,042.12 |
13,990,931.56 |
449,110.56 |
|
|
|
|
|
|
EXPENSES |
|
|
|
|
PERSONNEL
SERVICES |
|
|
|
|
Salaries and Wages |
|
|
|
|
Salaries and Wages - Regular |
3,134,652.00 |
3,253,176.00 |
(118,524.00) |
|
Salaries
and Wages - Casual/Contractual |
1,210,220.00 |
1,219,680.00 |
(9,460.00) |
|
Total Salaries and Wages |
4,344,872.00 |
4,472,856.00 |
(127,984.00) |
|
Other
Compensation |
|
|
|
|
Personal
Economic Relief Allowance (PERA) |
468,000.00 |
480,000.00 |
(12,000.00) |
|
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 |
127,364.62 |
127,500.00 |
(135.38) |
|
Honoraria |
3,000.00 |
5,000.00 |
(2,000.00) |
|
Overtime and Night Pay |
71,662.50 |
75,600.00 |
(3,937.50) |
|
Year End Bonus |
356,288.00 |
372,738.00 |
(16,450.00) |
|
Cash Gift |
95,000.00 |
100,000.00 |
(5,000.00) |
|
Mid-Year Bonus |
372,738.00 |
372,738.00 |
0.00 |
|
Directors and Committee Members' Fee |
204,192.00 |
289,000.00 |
(84,808.00) |
|
Other Bonuses and Allowances |
344,000.00 |
344,280.00 |
(280.00) |
|
Total Other Compensation |
2,162,245.12 |
2,28,856.00 |
(124,610.88) |
|
Personnel Benefit Contributions |
|
|
|
|
Retirement and Life Insurance Premiums |
522,322.20 |
536,742.72 |
(14,420.52) |
|
PAG-IBIG Contributions |
23,300.00 |
24,000.00 |
(700.00) |
|
PHILHEALTH Contributions |
61,649.46 |
76,217.40 |
(14,567.94) |
|
Employees Compensation Insurance Premiums |
22,363.36 |
24,000.00 |
(1,636.64) |
|
Total Personnel Benefit Contributions |
629,635.02 |
660,960.12 |
(31,325.10) |
|
Other
Personnel Benefits |
|
|
|
|
Terminal Leave Benefits |
94,751.51 |
123,226.36 |
(28,474.85) |
|
Other Personnel Benefits |
650.00 |
8,000.00 |
(7,350.00) |
|
Total Personnel Benefit Contributions |
95,401.51 |
131,226.36 |
(35,824.85) |
|
|
|
|
|
|
Total
Personnel Services |
7,232,153.65 |
7,551,898.48 |
(319,744.83) |
| |
|
|
|
|
MAINTENANCE
AND OTHER OPERATING EXPENSES |
|
|
|
|
Traveling Expenses |
|
|
|
|
Traveling Expenses - Local |
162,300.00 |
257,600.00 |
(95,300.00) |
|
Total Traveling Expenses |
162,300.00 |
257,600.00 |
(95,300.00) |
|
Training and Scholarship Expenses |
|
|
|
|
Training Expenses |
40,746.25 |
250,000.00 |
(209,253.75) |
|
Total Training and
Scholarship Expenses |
40,746.25 |
250,000.00 |
(209,253.75) |
|
Supplies and Materials Expenses |
|
|
|
|
Office Supplies Expenses |
76,189.80 |
75,000.00 |
1,189.80 |
|
Accountable Forms Expense |
181,137.71 |
208,800.00 |
(27,662.29) |
|
Fuel, Oil and Lubricants Expenses |
101,554.38 |
384,690.00 |
(283,135.62) |
|
Chemical and Filtering Supplies
Expenses |
89,040.44 |
90,900.00 |
(1,859.56) |
|
Semi-Expendable Machinery and Equipment Expenses |
26,552.75 |
20,000.00 |
6,552.75 |
|
Other Supplies Expenses |
8,240.84 |
30,000.00 |
(21,759.16) |
|
Total Supplies and Materials
Expenses |
482,715.92 |
809,390.00 |
(326,674.08) |
|
Utility Expenses |
|
|
|
|
Electricity Expenses |
672,185.54 |
834,000.00 |
(161,814.46) |
|
Other Utility Expenses |
710.00 |
2,400.00 |
(1,690.00) |
|
Total Utility Expenses |
672,895.54 |
836,400.00 |
(163,504.46) |
|
Communication Expenses |
|
|
|
|
Postage and Courier Services |
2,972.00 |
6,000.00 |
(3,028.00) |
|
Telephone Expenses |
32,575.89 |
36,600.00 |
(4,024.11) |
|
Internet Subscription Expenses |
23,940.00 |
24,000.00 |
(60.00) |
|
Cable, Satellite, Telegraph and Radio
Expenses |
1,295.00 |
4,800.00 |
(3,505.00) |
|
Total Communication Expenses |
60,782.89 |
71,400.00 |
(10,617.11) |
|
Awards/Rewards, Prizes and
Indemnities |
|
|
|
|
Prizes |
15,245.00 |
25,000.00 |
(9,755.00) |
|
Total Awards/Rewards, Prizes
and Indemnities |
15,245.00 |
25,000.00 |
(9,755.00) |
|
Confidential, Intelligence and
Extraordinary Expenses |
|
|
|
|
Extraordinary and Miscellaneous Expenses |
17,200.00 |
26,400.00 |
(9,200.00) |
|
Total Confidential,
Intelligence & Extraordinary Expenses |
17,200.00 |
26,400.00 |
(9,200.00) |
|
Repairs and Maintenance |
|
|
|
|
Repairs and Maintenance - Infrastructure
Assets |
733,906.33 |
548,800.00 |
185,106.33 |
|
Repairs and Maintenance - Buildings and
Other Structures |
9,193.50 |
50,000.00 |
(40,806.50) |
|
Repairs and Maintenance - Machinery and Equipment |
40,304.00 |
55,000.00 |
(14,696.00) |
|
Repairs and Maintenance - Transportation
Equipment |
31,310.00 |
30,000.00 |
1,310.00 |
|
Repairs and Maintenance - Furniture and
Fixtures |
250.00 |
6,000.00 |
(5,750.00) |
|
Total Repairs and
Maintenance |
483,381.17 |
689,800.00 |
125,163.83 |
|
Taxes, Insurance Premiums and
Other Fees |
|
|
|
|
Taxes, Duties and Licenses |
324,513.30 |
364,603.63 |
(40,090.33) |
|
Fidelity Bond Premiums |
22,234.00 |
22,957.50 |
(723.50) |
|
Insurance Expenses |
48,853.59 |
149,000.00 |
(100,146.41) |
|
Total Taxes, Insurance
Premiums and Other Fees |
395,600.89 |
536,561.13 |
(140,960.24) |
|
Labor and Wages |
|
|
|
|
Labor and Wages |
50,350.00 |
55,000.00 |
(4,650.00) |
|
Total Labor and Wages |
50,350.00 |
55,000.00 |
(4,650.00) |
|
Other Maintenance and Operating
Expenses |
|
|
|
|
Representation Expenses |
87,850.00 |
120,000.00 |
(32,150.00) |
|
Rent/Lease Expenses |
2,000.00 |
2,000.00 |
0.00 |
|
Membership Dues & Contributions to
Organizations |
9,022.00 |
15,500.00 |
(6,478.00) |
|
Total Other Maintenance and
Operating Expenses |
98,872.00 |
137,500.00 |
(38,628.00) |
|
|
|
|
|
|
Total
Maintenance and Other Operating Expenses |
2,811,672.32 |
3,695,051.13 |
(883,378.81) |
| |
|
|
|
|
FINANCIAL
EXPENSES |
|
|
|
|
Financial Expenses |
|
|
|
|
Interest Expenses |
912,240.48 |
917,637.50 |
(5,397.02) |
|
Total
Financial Expenses |
912,240.48 |
917,637.50 |
(5,397.02) |
|
|
|
|
|
|
NON-CASH
EXPENSES |
|
|
|
|
Depreciation |
|
|
|
|
Depreciation - Land Improvements |
3,424.31 |
3,500.00 |
(75.69) |
|
Depreciation - Infrastructure Assets |
1,571,327.47 |
1,500,000.00 |
71,327.47 |
|
Depreciation - Buildings and Other
Structures |
64,938.78 |
65,000.00 |
(61.22) |
|
Depreciation - Machinery and Equipment |
107,273.40 |
95,000.00 |
12,273.40 |
|
Depreciation - Transportation Equipment |
28,760.79 |
30,000.00 |
(1,239.21) |
|
Depreciation - Furniture, Fixtures and Books |
890.87 |
2,000.00 |
(1,109.13) |
|
Total
Depreciation |
1,776,615.62 |
1,695,500.00 |
81,115.62 |
|
Impairment Loss |
|
|
|
|
Impairment Loss - Loans and Receivables |
317.66 |
25,000.00 |
(24,682.34) |
|
Total
Impairment Loss |
317.66 |
25,000.00 |
(24,682.34) |
|
|
|
|
|
|
Total
Non-Cash Expenses |
1,776,933.28 |
1,720,500.00 |
56,433.28 |
|
|
|
|
|
|
TOTAL
EXPENSES |
12,732,999.73 |
13,885,087.11 |
(1,152,087.38) |
|
|
|
|
|
|
NET INCOME
(LOSS) |
1,707,042.39 |
105,844.45 |
1,601,197.94 |
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
