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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

 

 

 
   

 

 
 

                         

 
 
 
 
 

 

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