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FINANCIAL
RESOURCE
The
main sources of the city's revenue
in the year 2003 are the Internal
Revenue Allotment (IRA).
In the year 1997, the main sources
of revenue were the IRA which comprised
about 56.85%, and the Tax Revenues
which accounted for 19.80%. In the
year 2001, the main revenue sources
were practically the same as in
1997, with the IRA comprising a
little over 50% of the total income.
The city experienced a gradual increase
of its total revenues with the year
2000 posting an increase of 24%
in revenues and a 7.34% increase
in the year 2001. Most of the city's
other revenues come from fees and
charges and collection from the
city's economic enterprises.
| SUMMARY
OF INCOME |
| |
|
|
| YEAR |
ANNUAL
BUDGET |
ANNUAL
INCOME |
| |
|
|
| |
P
311,000,000.00 |
P
332,198,528.75 |
| 1998 |
P
302,300,000.00 |
P
335,726,322.17 |
| 1999 |
P
389,800,000.00 |
P
329,395,746.91 |
| 2000 |
P
402,200,000.00 |
P
443,747,479.11 |
| 2001 |
P
589,300,000,00 |
P
604,356,069.73 |
| 2002 |
P |
P
533,587,882.58 |
| 2003 |
P |
P |
The
bulk of the city's expenditure in
the year 1997 was the General Government
Sector, followed by the Real Property,
Land and Land Improvement Sector,
and by the Public Welfare and Internal
Safety Sector, comprising 33.03%,
23.77%, and 17.88& respectively.
From
the year 1999 to the year 2001, the
General Government Sector also got
the biggest share of the pie but second
priority was given to the Economic
Services and the Education Sectors,
which comprised about 40.14% and 25.69%
respectively.
The
years 2000 and 2001 showed the Economic
and Education Sectors registering
a faster growth rate. In the year
2001, Maintenance and Other Operating
Expenses got a bigger share in the
city's budget due to the allocation
for the upkeep of the city's implemented
infrastructure projects. Allocation
included additional expenditures for
capital outlay.
| EXPENDITURES
BY FUNCTION/SECTOR |
| |
|
|
|
| YEAR |
PERSONNEL
SERVICES |
MOE |
CAPITAL
OUTLAY |
| |
|
|
|
| |
P
119,434,534.49 |
P
103,467,783.64 |
P
77,105,564.81 |
| 1998 |
P
147,702,110.20 |
P
124,385,129.53 |
P
82,823,897.90 |
| 1999 |
P
132,266,378.60 |
P
190,200,689.32 |
P
56,821,093.45 |
| 2000 |
P
141,171,539.16 |
P
187,136,829.40 |
P
67,545,697.49 |
| 2001 |
P
164,610,737.98 |
P
236,274,066.80 |
P
216,573,923.69 |
| 2002 |
P |
P
|
|
| 2003 |
P |
P |
|
| SURPLUS |
| |
|
|
|
| YEAR |
GENERAL
FUND |
SEF |
TOTAL |
| |
|
|
|
| |
P
64,286,715.23 |
P
9,868,007.88 |
P
74,154,723.11 |
| 1998 |
P
52,120,502.95 |
P
17,368,066.23 |
P
69,488,569.18 |
| 1999 |
P
32,137,932.12 |
P
11,868,803.66 |
P
44,006,735.78 |
| 2000 |
P
83,690,913.59 |
P
12,997,876.00 |
P
96,688,789.59 |
| 2001 |
P
73,579,366.32 |
P
14,732,903.99 |
P
88,312,270.31 |
| 2002 |
P
87,834,081.03 |
P 12,684,610.00 |
P100,518,691.03 |
| 2003 |
P |
P |
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