Accountant's Report For the Quarter Ended March 31, 201 (1st Quarter 2016)

Parent Category: Financial Reports

Consolidated Statement of Cash Flows

ISLAND GARDEN CITY OF SAMAL

Consolidated Statement of Cash Flows

For the quarter ended March 31, 2016

Particulars	Total	General Fund	Special Education Fund	Trust Fund
Cash Flows from Operating Activities
Cash Inflows
Collection from taxpayers	22,142,837.58	16,240,423.76	5,902,413.82
Share from Internal Revenue Allotment	96,962,673.00	96,962,673.00
Receipts from business/service income	11,839,540.78	11,839,540.78
Interest Income	216,928.22	193,864.47	23,063.75
Dividend Income	-
Other Receipts	18,200,671.55	5,114,541.93		13,086,129.62
Total Cash Inflows	149,362,651.13	130,351,043.94	5,925,477.57	13,086,129.62
Cash Outflows
Payment of expenses	1,735,908.15	1,729,908.15	6,000.00
Payments to suppliers and creditors	19,634,428.17	11,808,174.32	2,183,393.86	5,642,859.99
Payments to employees	50,256,840.83	50,055,767.02	-	201,073.81
Interest Expense	-		-
Other Expenses	15,226,016.56	10,879,821.72	252,000.00	4,094,194.84
Total Cash Outflows	86,853,193.71	74,473,671.21	2,441,393.86	9,938,128.64
Net Cash Flows from Operating Activities	62,509,457.42	55,877,372.73	3,484,083.71	3,148,000.98
Cash Flows from Investing Activities
Cash Inflows
Proceeds from Sale of Investment Property	-
Proceeds from Sale/Disposal of Property, Plant and Equipment	-
Proceeds from Sale of Non-Current Investments	-
Collection of Principal on loans to other entities	-
Total Cash Inflows	-	-	-	-
Cash Outflows
Purchase/Construction of Investment Property	-
Purchase/Construction of Property, Plant and Equipment	6,945,944.92	3,959,543.99	323,093.99	2,663,306.94
Investment	-
Purchase of Bearer Biological Assets	-
Purchase of Intangible Assets	-
Grant of Loans	-
Total Cash Outflows	6,945,944.92	3,959,543.99	323,093.99	2,663,306.94
Net Cash Flows from Investing Activities	(6,945,944.92)	(3,959,543.99)	(323,093.99)	(2,663,306.94)
Cash Flows from Financing Activities
Cash Inflows
Proceeds from Issuance of Bonds	-
Proceeds from Loans	-
Total Cash Inflows	-	-	-	-
Cash Outflows
Payment of Long-Term Liabilities	-
Retirement/Redemption of debt securities	-
Payment of loan amortization	3,531,598.89	3,531,598.89
Total Cash Outflows	3,531,598.89	3,531,598.89	-	-
Net Cash Flows from Financing Activities	(3,531,598.89)	(3,531,598.89)	-	-
Total Cash Provided by Operating, Investing and
Financing Activities	52,031,913.61	48,386,229.85	3,160,989.72	484,694.04
Add: Cash at the Beginning of the year	160,493,919.67	85,343,739.55	14,704,944.56	60,445,235.56
Cash Balance at the End of the Year	212,525,833.28	133,729,969.40	17,865,934.28	60,929,929.60

Certified Correct:

GLADYS P. HURAÑO, CPA

City Accountant

On Disaster Risk Reduction and Management Fund Utilization

REPORT OF UTILIZATION OF DISASTER RISK REDUCTION AND MANAGEMENT FUND

As of March 31, 2016

City: ISLAND GARDEN CITY OF SAMAL

PARTICULARS	LDRRMF
	Quick Response Fund (QRF) 30%	Mitigation Fund 70%	NDRRMF	From Other LGUs	From Other Sources	TOTAL
A. Source of Funds
Current Appropriation	7,723,047.13	18,020,443.32				25,743,490.45
Continuing Appropriation	7,650,372.14	12,730,132.41				20,380,504.55
Previous Year's Appropriation Transferred to the Special Trust Fund:						-
						-
CY 2010		420,000.00				420,000.00
CY 2011		1,570,331.52				1,570,331.52
CY 2012		1,374,437.95				1,374,437.95
CY 2013		298,973.57				298,973.57
CY 2014		8,906,952.23				8,906,952.23
Cash Prize for Gawad Kalasag Awardee					50,000.00	50,000.00
Cash Prize for Gawad Kalasag (1st Prize) - Component City					50,000.00	50,000.00
Cash Prize - 3rd Placer for Best CDRRMC Component City (Gawad Kalasag 2014)					50,000.00	50,000.00
Total Funds Available	15,373,419.27	43,321,271.00	-	-	150,000.00	58,844,690.27
B. Utilization
Medicines						-
Food Supplies					30,402.00	30,402.00
Non-Food Supplies		176,892.59			13,400.00	190,292.59
Repair of Evacuation Center						-
Institutional/Capacity Development (Ex. Trainings, environmental assessments & other related activities		83,900.00				83,900.00
Land		500,000.00				500,000.00
Construction of Evacuation Center		2,000,000.00				2,000,000.00
Road Concreting		11,380.76				11,380.76
Core Shelters						-
Equipment		197,190.00				197,190.00
Transfer to other LGUs						-
Transfer to Special Trust - Calamity Fund						-
Transfer to General Fund						-
Others (Please specify)						-
- Traveling Expenses		30,500.00				30,500.00
- Rent Expenses		5,000.00				5,000.00
- Representation Expenses		12,400.00				12,400.00
- Subscription Expenses		2,000.00				2,000.00
- Other Professional Services		12,978.21				12,978.21
- Other Maintenance and Other Operating Expenses					42,000.00	42,000.00
Total Utilization	-	3,032,241.56	-	-	85,802.00	3,118,043.56
Unutilized Balance	15,373,419.27	40,289,029.44	-	-	64,198.00	55,726,646.71

Certified Correct:

GLADYS P. HURAÑO, CPA

City Accountant

On Government Projects, Programs or Activities

CONSOLIDATED QUARTERLY REPORT ON GOVERNMENT PROJECTS, PROGRAMS OR ACTIVITIES

FOR THE FIRST QUARTER, CY 2016

ISLAND GARDEN CITY OF SAMAL

Program or Project	Location	Total Cost	Date Started	Target Completion Date	Project Status		No. of Extensions, if any	Remarks
					% of Completion	Total Cost Incurred to Date
Concreting of FMR Libertad to Tucanga Road Section	Barangay Libertad	3,000,000.00	04/05/15	09/10/15		477,989.54		contract rescind/terminated
Concreting of FMR Sitio Bagsak to Anonang Road Section	Barangay Aumbay	3,000,000.00	05/05/15	10/02/15	100%	1,727,388.32
Concreting of FMR Sitio Dos to Sitio Kila Road Section	Barangay Balet	4,400,000.00	04/23/15	09/10/15	100%	2,552,243.07
Concreting of FMR Mambago A to Mambago B Road Section	Mambago A to Mambago B	4,000,000.00	04/24/15	08/21/15	100%	2,514,673.46
Drainage Improvement	Sitio Supa, Peñaplata	3,908,909.00	10/7/2015	3/5/2016	85%	1,735,393.98
Const of Centralized Mango Sorting/Packing House Phase 2	Maag, Peñaplata	2,400,000.00	12/16/2015	3/14/2016	100%	1,181,905.56
Water System Rehabilitation (BUB)	Islandwide	3,723,600.00						bidded last 03/02/2016
Provision of Potable Water Supply	Balet/Aundanao	2,800,000.00						bidded last 03/02/2016
Fish Capture Project	Islandwide	3,600,000.00	12/1/2014	12/31/2015	100%	3,237,650.18
Animal Health Care Management Project	Islandwide	600,000.00	12/1/2014	12/31/2015	97%	582,579.78
Barangay Upland Vegetable Production Project	15 Upland Brgys	100,000.00	12/1/2014	12/31/2015	91%	91,430.72
Fish Processing (Bangus Deboning)	Camudmud	120,000.00	12/1/2014	12/31/2015	76%	92,323.72
Social Pension of Indigent Senior Citizen	Islandwide	2,847,000.00	7/1/2015	9/30/2015	100%	3,757,500.00
Supplementary Feeding Program	Islandwide	2,449,628.80	9/1/2015	04/30/16	80%	1,971,368.94
Green House Vegetable Production (BUB)	Bandera, Aumbay, Peñaplata, Sto.Niño	1,400,000.00	11/1/2015	11/1/2016	9%	133,920.00		on procurement process
Gulayan for Upland Barangay	Balet, Caliclic, San Isidro-Babak, Tagpopongan,Libuak, Aumbay, SanMiguel, Tagbay, Limao, Cawag, Kanaan, Libertad, Pangubatan, San Isidro-K, San Remegio	2,100,000.00	11/1/2015	11/1/2016	2%	45,713.62		on procurement process

We hereby certify that we have reviewed the contents and hereby attest to the veracity and correctness of the data or information contained in this document.

Prepared by:

GLADYS P. HURAÑO, CPA

City Accountant

Approved:

ANIANO P. ANTALAN

City Mayor