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ANNUAL REPORT 2024 |
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COMPARATIVE
STATEMENT OF INCOME AND EXPENSES |
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For
the Year Ended
December 31, 2024 |
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STATEMENT OF INCOME AND EXPENSES
January 1 - December 31, 2023 |
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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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Processing Fees |
P
9,795.00 |
P 6,000.00 |
P
3,795.00 |
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Total Service Income |
9,795.00 |
6,000.00 |
3,795.00 |
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Business Income |
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Rent/Lease Income |
2,000.00 |
0.00 |
2,000.00 |
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Waterworks System Fees |
16,057,653.72 |
15,268,927.00 |
788,726.72 |
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Interest Income |
4,608.29 |
4,000.00 |
608.29 |
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Fines and
Penalties - Business Income |
583,068.63 |
582,778.68 |
289.95 |
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Other Business Income |
91,846.27 |
70,000.00 |
21,846.27 |
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Total Business Income |
16,739,176.91 |
15,925,705.68 |
813,471.23 |
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Shares,
Donations and Grants |
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Donations in Cash |
25,000.00 |
0.00 |
25,000.00 |
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Total
Shares, Donations and Grants |
25,000.00 |
0.00 |
25,000.00 |
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Other
Non-Operating Income |
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Miscellaneous Income |
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Miscellaneous Income |
6,000.00 |
6,000.00 |
0.00 |
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Total Miscellaneous Income |
6,000.00 |
6,000.00 |
0.00 |
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TOTAL INCOME |
16,779,971.91 |
15,937,705.68 |
842,266.23 |
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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 |
2,983,731.54 |
3,055,298.40 |
(71,566.86) |
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Salaries
and Wages - Casual/Contractual |
1,775,065.00 |
1,813,760.00 |
(38,695.00) |
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Total Salaries and Wages |
4,758,796.54 |
4,869,058.40 |
(110,261.86) |
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Other
Compensation |
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Personal
Economic Relief Allowance (PERA) |
425,909.09 |
432,000.00 |
(6,090.91) |
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Representation Allowance (RA) |
72,000.00 |
72,000.00 |
0.00 |
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Transportation Allowance (TA) |
72,000.00 |
72,000.00 |
0.00 |
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Clothing/Uniform Allowance |
129,250.00 |
135,000.00 |
(5,750.00) |
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Honoraria |
6,000.00 |
5,000.00 |
1,000.00 |
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Overtime and Night Pay |
60,846.36 |
109,350.00 |
(48,503.64) |
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Year End Bonus |
403,382.80 |
409,588.20 |
(6,205.40) |
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Cash Gift |
89,000.00 |
90,000.00 |
(1,000.00) |
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Mid-Year Bonus |
395,944.00 |
409,588.20 |
(13,644.20) |
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Directors and Committee Members' Fee |
169,344.00 |
384,000.00 |
(214,656.00) |
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Other Bonuses and Allowances |
461,000.00 |
606,577.48 |
(145,577.48) |
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Total Other Compensation |
2,284,676.25 |
2,725,109.88 |
(440,427.63) |
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Personnel Benefit Contributions |
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Retirement and Life Insurance Premiums |
572,526.30 |
589,807.01 |
(17,280.71) |
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PAG-IBIG Contributions |
42,600.00 |
43,600.00 |
(1,000.00) |
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PHILHEALTH Contributions |
117,424.73 |
123,567.92 |
(6,143.19) |
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Employees Compensation Insurance Premiums |
21,300.00 |
21,600.00 |
(300.00) |
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Total Personnel Benefit Contributions |
753,851.03 |
778,574.93 |
(24,723.90) |
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Other
Personnel Benefits |
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Terminal Leave Benefits |
272,391.61 |
272,391.61 |
0.00 |
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Total Personnel Benefit Contributions |
272,391.61 |
272,391.61 |
0.00 |
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Total
Personnel Services |
8,069,715.43 |
8,645,128.82 |
(575,413.39) |
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MAINTENANCE
AND OTHER OPERATING EXPENSES |
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Traveling Expenses |
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Traveling Expenses - Local |
188,813.00 |
386,560.00 |
(197,747.00) |
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Total Traveling Expenses |
188,813.00 |
386,560.00 |
(197,747.00) |
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Training and Scholarship Expenses |
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Training Expenses |
142,278.32 |
195,800.00 |
(53,521.68) |
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Total Training and
Scholarship Expenses |
142,278.32 |
195,800.00 |
(53,521.68) |
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Supplies and Materials Expenses |
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Office Supplies Expenses |
54,459.07 |
85,000.00 |
(30,540.93) |
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Accountable Forms Expense |
342,763.64 |
286,200.00 |
56,563.64 |
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Fuel, Oil and Lubricants Expenses |
134,508.16 |
262,950.00 |
(128,441.84) |
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Chemical and Filtering Supplies
Expenses |
84,214.14 |
116,650.00 |
(32,435.86) |
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Semi-Expendable Machinery and Equipment Expenses |
232,339.80 |
213,000.00 |
19,339.80 |
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Semi-Expendable Furniture,
Fixture and Books Expenses |
56,699.00 |
58,000.00 |
(1,301.00) |
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Supplies and Materials for
Water System Operations Exp |
218,166.75 |
360,000.00 |
(141,833.25) |
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Other Supplies and Materials Expenses |
11,701.29 |
40,000.00 |
(28,298.71) |
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Total Supplies and Materials
Expenses |
1,134,851.85 |
1,421,800.00 |
(286,948.15) |
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Utility Expenses |
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Electricity Expenses |
130,360.33 |
186,000.00 |
(55,639.67) |
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Total Utility Expenses |
130,360.33 |
186,000.00 |
(55,639.67) |
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Communication Expenses |
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Postage and Courier Services |
1,925.00 |
6,000.00 |
(4,075.00) |
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Telephone Expenses |
28,691.83 |
36,600.00 |
(7,908.17) |
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Internet Subscription Expenses |
23,940.00 |
24,000.00 |
(60.00) |
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Total Communication Expenses |
54,556.83 |
66,600.00 |
(12,043.17) |
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Generation, Transmission and
Distribution Exp. |
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Generation, Transmission and Distribution
Expenses |
831,756.08 |
855,000.00 |
(23,243.92) |
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Total Generation,
Transmission & Distribution Ex |
831,756.08 |
855,000.00 |
(23,243.92) |
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Confidential, Intelligence and
Extraordinary Exp. |
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Extraordinary and Miscellaneous Expenses |
17,200.00 |
116,400.00 |
(99,200.00) |
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Total Confidential,
Intelligence & Extraordinary E |
17,200.00 |
116,400.00 |
(99,200.00) |
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Repairs and Maintenance |
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Repairs and Maintenance - Infrastructure
Assets |
460,381.96 |
486,800.00 |
(26,418.04) |
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Repairs and Maintenance - Buildings &
Other Structures |
29,714.14 |
35,000.00 |
(5,285.86) |
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Repairs and Maintenance - Machinery and Equipment |
30,340.00 |
50,000.00 |
(19,660.00) |
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Repairs and
Maintenance - Transportation Equipment |
51,369.00 |
60,000.00 |
(8,631.00) |
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Total Repairs and
Maintenance |
571,805.10 |
631,800.00 |
(59,994.90) |
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Taxes, Insurance Premiums and
Other Fees |
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Taxes, Duties and Licenses |
359,981.00 |
393,429.11 |
(33,448.11) |
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Fidelity Bond Premiums |
28,728.75 |
28,728.75 |
0.00 |
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Insurance/Reinsurance Expenses |
56,058.20 |
144,000.00 |
(87,941.80) |
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Total Taxes, Insurance
Premiums and Other Fees |
444,767.95 |
566,157.86 |
(121,389.91) |
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Labor and Wages |
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Labor and Wages |
481,332.34 |
637,440.00 |
(156,107.66) |
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Total Labor and Wages |
481,332.34 |
637,440.00 |
(156,107.66) |
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Other Maintenance and Operating
Expenses |
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Representation Expenses |
79,500.00 |
100,000.00 |
(20,500.00) |
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Rent/Lease Expenses |
8,720.00 |
8,000.00 |
720.00 |
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Membership Dues & Contributions to
Organizations |
10,200.00 |
10,350.00 |
(150.00) |
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Total Other Maintenance and
Operating Expenses |
98,420.00 |
118,350.00 |
(19,930.00) |
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Total
Maintenance and Other Operating Expenses |
4,096,141.80 |
5,181,907.86 |
(1,085,766.06) |
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FINANCIAL
EXPENSES |
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Financial Expenses |
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Interest Expense |
470,656.03 |
472,808.00 |
(2,151.97) |
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Bank Charges |
300.00 |
5,000.00 |
(4,700.00) |
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Other Financial Charges |
3,000.00 |
5,000.00 |
(2,000.00) |
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Total
Financial Expenses |
473,956.03 |
482,808.00 |
(8,851.97) |
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NON-CASH
EXPENSES |
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Depreciation |
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Depreciation - Infrastructure Assets |
1,414,301.01 |
1,200,000.00 |
214,301.01 |
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Depreciation - Buildings and Other
Structures |
69,326.99 |
65,000.00 |
4,326.99 |
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Depreciation - Machinery and Equipment |
35,435.86 |
90,000.00 |
(54,564.14) |
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Depreciation - Transportation Equipment |
30,959.29 |
30,000.00 |
959.29 |
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Total
Depreciation |
1,550,023.15 |
1,385,000.00 |
165,023.15 |
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Impairment Loss |
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Impairment Loss - Loans and Receivables |
527.43 |
15,000.00 |
(14,472.57) |
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Total
Impairment Loss |
527.43 |
15,000.00 |
(14,472.57) |
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Total
Non-Cash Expenses |
1,550,550.58 |
1,400,000.00 |
150,550.58 |
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TOTAL
EXPENSES |
14,190,363.84 |
15,709,844.68 |
(1,519,480.84) |
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NET INCOME
(LOSS) |
2,589,608.07 |
227,861.00 |
2,361,747.07 |
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