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ANNUAL REPORT 2022 |
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COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
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For
the Year Ended
December 31, 2022 |
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STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2022 |
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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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Service Income |
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Clearance and Certification Fees |
P 200.00 |
P
0.00 |
P
200.00 |
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Processing Fees |
P
2,480.00 |
P
0.00 |
P
2,480.00 |
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Total Service Income |
2,680.00 |
0.00 |
2,680.00 |
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Business Income |
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Waterworks System Fees |
14,483,133.51 |
14,033,938.00 |
449,195.51 |
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Interest Income |
3,894.85 |
5,000.00 |
(1,105.15) |
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Fines and
Penalties - Business Income |
591.261.39 |
374,825.30 |
216,436.09 |
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Other Business Income |
46,860.01 |
50,000.00 |
(3,139.99) |
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Total Business Income |
15,125,149.76 |
14,463,763.30 |
661.386.46 |
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Other
Non-Operating Income |
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Miscellaneous Income |
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Miscellaneous Income |
5,000.00 |
5,000.00 |
- |
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Total Miscellaneous Income |
5,000.00 |
5,000.00 |
- |
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TOTAL INCOME |
15,132,829.76 |
14,468,763.30 |
664,066.46 |
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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 |
2,946,441.25 |
3,357,702.00 |
(411,260.75) |
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Salaries
and Wages - Casual/Contractual |
1,214,860.00 |
1,335,840.00 |
(120,980.00) |
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Total Salaries and Wages |
4,161,301.25 |
4,693,540.00 |
(532,240.75) |
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Other
Compensation |
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Personal
Economic Relief Allowance (PERA) |
426,000.00 |
480,000.00 |
(54,000.00) |
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Representation Allowance (RA) |
60,000.00 |
60,000.00 |
- |
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Transportation Allowance (TA) |
60,000.00 |
60,000.00 |
- |
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Clothing/Uniform Allowance |
108,000.00 |
129,000.00 |
(21,000.00) |
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Honoraria |
4,500.00 |
5,000.00 |
(500.00) |
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Overtime and Night Pay |
77,021.25 |
82,800.00 |
(5,778.75) |
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Year End Bonus |
360,222.65 |
391,862.00 |
(31,639.35) |
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Cash Gift |
89,750.00 |
100,000.00 |
(10,250.00) |
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Mid-Year Bonus |
360,705.00 |
391,862.00 |
(31,157.00) |
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Directors and Committee Members' Fee |
205,560.00 |
274,000.00 |
(68,440.00) |
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Other Bonuses and Allowances |
543,500.00 |
553,783.76 |
(10,283.76) |
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Total Other Compensation |
2,295,258.90 |
2,528,307.76 |
(233,048.86) |
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Personnel Benefit Contributions |
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Retirement and Life Insurance Premiums |
501,654.20 |
563,225.04 |
(61,570.84) |
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PAG-IBIG Contributions |
21,300.00 |
24,000.00 |
(2,700.00) |
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PHILHEALTH Contributions |
81,811.06 |
91,330.08 |
(9,519.02) |
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Employees Compensation Insurance Premiums |
21,216.40 |
24,000.00 |
(2,783.60) |
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Total Personnel Benefit Contributions |
625,981.66 |
702,555.12 |
(76,573.46) |
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Other
Personnel Benefits |
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Terminal Leave Benefits |
131,291.36 |
136,852.27 |
(5,560.91) |
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Total Personnel Benefit Contributions |
131,291.36 |
136,852.27 |
(5,560.91) |
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Total
Personnel Services |
7,213,833.17 |
8,061,257.15 |
(847,423.98) |
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MAINTENANCE
AND OTHER OPERATING EXPENSES |
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Traveling Expenses |
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Traveling Expenses - Local |
167,357.00 |
257,600.00 |
(90,243.00) |
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Total Traveling Expenses |
167,357.00 |
257,600.00 |
(90,243.00) |
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Training and Scholarship Expenses |
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Training Expenses |
180,657.25 |
329,000.00 |
(148,342.75) |
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Total Training and
Scholarship Expenses |
180,657.25 |
329,000.00 |
(148,342.75) |
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Supplies and Materials Expenses |
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Office Supplies Expenses |
62,898.08 |
85,000.00 |
(22,101.92) |
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Accountable Forms Expense |
223,685.04 |
251,748.00 |
(28,062.96) |
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Fuel, Oil and Lubricants Expenses |
118,481.07 |
244,690.00 |
(126,208.93) |
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Chemical and Filtering Supplies
Expenses |
49,512.76 |
99,750.00 |
(50,237.24) |
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Semi-Expendable Machinery and Equipment Expenses |
52,099.00 |
50,000.00 |
2,099.00 |
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Other Supplies and Materials Expenses |
3,334.15 |
30,000.00 |
(26,665.85) |
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Total Supplies and Materials
Expenses |
510,010.10 |
761,188.00 |
(251,177.90) |
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Utility Expenses |
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Electricity Expenses |
1,301,898.98 |
1,314,000.00 |
(12,101.02) |
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Total Utility Expenses |
1,301,898.98 |
1,314,000.00 |
(12,101.02) |
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Communication Expenses |
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Postage and Courier Services |
1,790.00 |
6,000.00 |
(4,210.00) |
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Telephone Expenses |
28,564.22 |
36,600.00 |
(8,035.78) |
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Internet Subscription Expenses |
23,315.43 |
24,000.00 |
(684.57) |
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Total Communication Expenses |
53,669.65 |
66,600.00 |
(12,930.35) |
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Awards/Rewards, Prizes and
Indemnities |
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Prizes |
14,265.00 |
25,000.00 |
(10,735.00) |
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Total Awards/Rewards, Prizes
and Indemnities |
14,265.00 |
25,000.00 |
(10,735.00) |
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Confidential, Intelligence and
Extraordinary Expenses |
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Extraordinary and Miscellaneous Expenses |
19,100.00 |
116,400.00 |
(97,300.00) |
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Total Confidential,
Intelligence & Extraordinary Expenses |
19,100.00 |
116,400.00 |
(97,300.00) |
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Repairs and Maintenance |
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Repairs and Maintenance - Infrastructure
Assets |
556,871.76 |
616,800.00 |
(59,928.24) |
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Repairs and Maintenance - Buildings and
Other Structures |
1,865.00 |
50,000.00 |
(48,135.00) |
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Repairs and Maintenance - Machinery and Equipment |
2,686.00 |
50,000.00 |
(47,314.00) |
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Repairs and Maintenance - Transportation
Equipment |
34,662.00 |
50,000.00 |
(15,338.00) |
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Total Repairs and
Maintenance |
596,084.76 |
766,800.00 |
170,715.24 |
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Taxes, Insurance Premiums and
Other Fees |
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Taxes, Duties and Licenses |
323,718.17 |
364,050.27 |
(40,332.10) |
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Fidelity Bond Premiums |
35,311.60 |
24,007.50 |
11,304.10 |
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Insurance Expenses |
99,744.46 |
144,000.00 |
(44,255.54) |
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Total Taxes, Insurance
Premiums and Other Fees |
458,774.23 |
532,057.77 |
(73,283.54) |
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Labor and Wages |
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Labor and Wages |
235,992.92 |
254,000.00 |
(18,007.08) |
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Total Labor and Wages |
235,992.92 |
254,000.00 |
(18,007.08) |
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Other Maintenance and Operating
Expenses |
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Advertising, Promotional and
Marketing Expenses |
5,000.00 |
5,000.00 |
- |
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Representation Expenses |
87,006.00 |
120,000.00 |
(32,994.00) |
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Rent/Lease Expenses |
29,960.00 |
42,000.00 |
(12,040.00) |
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Membership Dues & Contributions to
Organizations |
15,501.00 |
18,600.00 |
(3,099.00) |
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Total Other Maintenance and
Operating Expenses |
137,467.00 |
185,600.00 |
(48,133.00) |
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Total
Maintenance and Other Operating Expenses |
3,675,276.89 |
4,608,245.77 |
(932,968.88) |
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FINANCIAL
EXPENSES |
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Financial Expenses |
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Interest Expense |
867,010.62 |
802,792.50 |
64,218.12 |
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Bank Charges |
320.00 |
5,000.00 |
(4,680.00) |
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Other Financial Charges |
1,800.00 |
10,000.00 |
(8,200.00) |
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Total
Financial Expenses |
869,130.62 |
817,792.50 |
51,338.12 |
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NON-CASH
EXPENSES |
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Depreciation |
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Depreciation - Land Improvements |
1,997.51 |
3,500.00 |
(1,502.49) |
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Depreciation - Infrastructure Assets |
1,539,491.15 |
1,250,000.00 |
289,491.15 |
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Depreciation - Buildings and Other
Structures |
65,972.06 |
65,000.00 |
972.06 |
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Depreciation - Machinery and Equipment |
63,594.97 |
95,000.00 |
(31,405.03) |
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Depreciation - Transportation Equipment |
28,760.79 |
30,000.00 |
(1,239.21) |
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Total
Depreciation |
1,699,816.48 |
1,443,500.00 |
256,316.48 |
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Impairment Loss |
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Impairment Loss - Loans and Receivables |
8,710.45 |
15,000.00 |
(6,289.55) |
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Total
Impairment Loss |
8,710.45 |
15,000.00 |
6,289.55) |
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Total
Non-Cash Expenses |
1,708,526.93 |
1,458,500.00 |
250,026.93 |
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TOTAL
EXPENSES |
13,466,767.61 |
14,945,795.42 |
(1,479,027.81) |
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NET INCOME
(LOSS) |
1,666,062.15 |
477,032.12 |
2,143,094.27 |
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