|
BUDGET AND FINANCIAL Performance
For CY 2002
ESTIMATED INCOME
The Province presumed to generate income from local
and external sources. Revenues generated from the local sources
are came from the Property Taxes, Taxes on Goods and Services, Operating
and Service Income, Income from Public Enterprises/Investment, Sales
of Assets and Miscellaneous Income while external sources are came
from local government share on Internal Revenue Allotment (IRA),
Grants in Aid & borrowings.
For CY 2002, the Local Finance Committee certified
an estimated income of P887.32 million. The sources of these revenues
came from Internal Revenue Allotment (IRA) P404,26 million, representing
46.1% of the total income and Local Revenue P 21,823 million (2.5%).
The budget also included grants in aid from other level of government
in the amount of P 306.2 million (34.5%) intended for the benefit
of retrenched employees and borrowing amounted to P150.00 Million
(16.9%). (Pls. refer Table 3.3 and Figure 3) This estimate is 37.7%
higher than the previous year's (2001) estimated income of P644.5
million.
ESTIMATED EXPENDITURE
The 2002 Annual Budget reflected a total estimated
expenditure of P887.3 million, representing P101.7 million (11.5%)
for Personal Services; P314.6 million (35.5%) for other compensation
relative to the payment of benefits for retrenched employees; P100.6
million (11.3%) for Maintenance and other Operating Expenses (MOOE);
Capital Outlay P69.3 million (7.8%) and P301.2 million (33.9%) budget
for non-office, respectivey. (Pls. refer Table 3-3 and Figure 4).
ACTUAL INCOME
As per report of the Provincial Accountant's Office
(PAO), the actual income collected in the province from January
to December 2002 was P630.14 million for general income account
and non-income collection combined. This represents 71% of the estimated
income of P887.3 million. The greater percentage of actual collection
are came from the IRA (68.51%) which amounted to P 431.7 million
while 16.12% or P 101.5 million is to subsidy income from the
national agencies and P 83.03 million or 13.18% subsidy from special
accounts and less the significant collection that came from property
taxes and other taxes among others. (Pls. refer to Table 3-2 and
Figure 5)
ACTUAL EXPENDITURES
The Provincial Accounting Office has reported a
total obligation incurred for regular appropriation on January to
December 2002 reached P463.885 million. The expenditure is almost
34% lower than the reported income collection of P698.911 million.
The expenditure for personal services represents 34.57%; MOOE 12.48%;
Capital Outlay 7.40% while the economic development fund 16.89%
and non-office 28.66%. (Pls. refer Table 3-2 and Figure 6).
| Table 3-1 Estimated Income and Expenditure
and its sources, CY 2002 |
| Particulars |
Estimated Amount (P 000) |
| 2002 |
2001 |
| I. INCOME |
|
|
Beginning Balance
|
|
300.00 |
I. Property Taxes
|
4,300.00
|
553,490.48 |
2. Taxes on Goods and Services
|
945.00
|
3. Other Taxes
|
1,055.50 |
4. IRA - Internal Revenue
|
409,261.21
|
5. Operating and Miscellaneous Revenue
|
15,523.00
|
30,635.00 |
6. Capital Revenue
|
- |
50,050.00 |
7. Grants and Aids from other level of government
|
306,243.17
|
- |
8. Borrowings
|
150,000.00
|
10,000.00 |
Total
|
887,327.88 |
644,475.18 |
II. EXPENDITURE
|
|
|
1. Personal Services
|
101,661.65
|
334,529.54 |
2. Other Compensation
|
314,568.97
|
- |
3. MOOE
|
100,559.41
|
71,792.01 |
4. Capital Outlay
|
69,324.11
|
7,808.83 |
5. Non-Office
|
301,213.74
|
230,344.79 |
| Total |
887,327.88 |
644,475.18 |
| Source: |
Statement of Fund Operation,
Provincial Budget CY 2002-2001
Provincial Budget Office, Province of Zamboanga del Sur |
| Table 3-2 Actual Collection of Income, 2002 |
|
Income
|
Amount |
Percent (%) |
| A. Rent Income |
342,917.70 |
0.05 |
| B. Interest Income |
931,680.48 |
0.15 |
| C. Real Property Tax |
3,346,766.70 |
0.53 |
| D. Property Transfer Tax |
218,018.64 |
0.04 |
| E. Share from Internal Revenue Collection |
431,665,174.00 |
68.50 |
| F. Other Taxes |
9,031,758.55 |
1.43 |
| ?Income from Gov’t Services – P 1,249,617.16 |
|
|
| ?Misc. Operating & Service Income - 712,365.52 |
|
|
| ?Occupation Tax - 36,145.00 |
|
|
| ?Amusement Tax - 7,713.00 |
|
|
| ?Sand and Gravel - 1,110,480.25 |
|
|
| ?Tax on delivery trucks & vans - 79,800.00 |
|
|
| ?Hospital Fees - 5,584,474.34 |
|
|
| ?Inspection Fees - 750.00 |
|
|
| ?Clearance/Certification Fees - 29,930.00 |
|
|
| ?Receipts from Lease of Properties - 270,433.28 |
|
|
| |
|
|
| G. Subsidy Income from National Agencies |
101,523.602.98 |
16.11 |
| H. Subsidy Income from Special Accounts |
83,030,324.14 |
13.18 |
| |
|
|
| Source: Provincial Accountant's Office,
Zamboanga del Sur |
| Table 3-3 Actual Expenditure, 2002 |
| Particulars |
Actual Expenditure |
| Annual Budget (2002) |
% |
| Personal Services |
160,362,014.92 |
34.6 |
| MOOE |
57,900,403.22 |
12.5 |
| Capital Outlay |
34,324,374.77 |
7.4 |
| Non Office |
132,927,485.17 |
28.7 |
| Local Development Fund |
78,370,818.95 |
16.8 |
| Source: |
Status of Obligation Incurred, Regular Appropriations,
for year ended December 2002
Provincial Accounting Office, Province of Zamboanga del Sur |
|
