GENERAL FUND TRUST FUND

NO. DATE TRANSACTIONS Acct Acct

JOURNAL ENTRIES Code Debit Credit JOURNAL ENTRIES Code Debit Credit

18 20-Dec Closing of Books of Accounts - Trust F Roads, Highways and Bridges 251 ### Due to other funds 424 1,000,000

Due From from other Funds 144 1,000,000.00 Due to NGAs 416 9,000,000

Income from Grants and Donation 662 9,000,000.00 Roads,Highways & Bridg 251 10,000,000

Cash in Bank - LCCA 111 500,000.00

Guaranty Deposit Payable 426 500,000.00 Guaranty Deposits Payable 426 400,000

Cash in Bank - LCCA - LP 111-1 400,000

Guaranty Deposits Payable 426 50,000

Cash in Bank - LCCA - G 111-2 50,000

Guaranty Deposits Payable 426 50,000

Cash in Bank - LCCA - E 111-1 50,000

19 31-Dec Closing of General Fund Books Income from Grants and Donations 662 9,000,000.00 No Entry

Income and Expense Summary 9,000,000.00

Income and Expense Summary 9,000,000.00

Retained Operating Surplus 9,000,000.00

Retained Operating Surplus 9,000,000.00

Government Equity 501 9,000,000.00

 PRDP - Workshop on Journal Entries
CY 2014

Contract Cos 12,000,000.00

LOCAL GOVERNMENT UNIT

TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

1 05-Jan-14 Transfer of Equity from General Fund to PRDP Cash in Bank - LCCA - E 111-3 1,200,000 1
Project Trust Fund - full equity Due to Other Funds 1,200,000

2 10-Jan Receipt of Loan Proceeds and GOP Counterpart Cash in Bank - LCCA - LP 111-1 1,440,000 1,020,000
from DA (15%) - Mobilization Fee Cash in Bank - LCCA - GOP 111-2 180,000

Due to NGAs 416 1,620,000

3 15-Jan Payment of 15% Mobilization Fee (Advances to Advances to Contractors 181 1,440,000

Contractors) to Contractor Cash in Bank - LCCA - LP 111-1 1,440,000

Advances to Contractors 181 180,000

Cash in Bank - LCCA - GOP 111-2 180,000

 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

Advances to Contractors 181 180,000

Cash in Bank - LCCA - E 111-3 180,000

4 20-Mar Receipt of Loan Proceeds and GOP Counterpart Cash in Bank - LCCA - LP 111-1 2,496,000 614,400
from DA-PSO for payment of 1st Progress Billing Cash in Bank - LCCA - GOP 111-2 312,000

net of 40% recoupment- 32% physical Due to NGAs 416 2,808,000

accomplishment

5 25-Mar Payment of 1st progress billing - 32% physical Construction in Progress-RHB 266 3,072,000 3,072,000
accomplishment Guaranty Deposits Payable 426 307,200 614,400
Advances to Contractors 181 576,000 2,457,600

Cash in Bank - LCCA - LP 111-1 2,188,800 2,188,800

268,800
Construction in Progress-RHB 266 384,000 38,400
Guaranty Deposits Payable 426 38,400

Advances to Contractors 181 72,000

Cash in Bank - LCCA - GOP 111-2 273,600

3840000
Construction in Progress-RHB 266 384,000 3428571
Guaranty Deposits Payable 426 38,400 171429
Advances to Contractors 181 72,000 68571.4
 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

Due to BIR 412 240,000

Cash in Bank - LCCA - E 111-3 33,600

6 5-Apr Remittance of taxes to BIR Due to BIR 412 240,000

Cash in Bank - LCCA - E 111-3 240,000

7 20-May Receipt of Loan Proceeds and GOP Counterpart Cash in Bank - LCCA - LP 111-1 2,184,000

from DA-PSO for payment of 2nd Progress Billing Cash in Bank - LCCA - GOP 111-2 273,000

net of 35% recoupment- 28% physical Due to NGAs 416 2,457,000

accomplishment

8 25-May Payment of 2nd progress billing - 60% physical Construction in Progress-RHB 266 2,688,000

accomplishment cumulative Guaranty Deposits Payable 426 268,800

Advances to Contractors 181 504,000

Cash in Bank - LCCA - LP 111-1 1,915,200

3,360,000
Construction in Progress-RHB 266 336,000 210,000
Guaranty Deposits Payable 426 33,600
 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

Advances to Contractors 181 63,000

Cash in Bank - LCCA - GOP 111-2 239,400

Construction in Progress-RHB 266 336,000

Guaranty Deposits Payable 426 33,600

Advances to Contractors 181 63,000

Due to BIR 412 210,000

Cash in Bank - LCCA - E 111-3 29,400

9 5-Jun Remittance of taxes to BIR Due to BIR 412 210,000

Cash in Bank - LCCA - E 111-3 210,000

10 20-Jul Receipt of Loan Proceeds and GOP Counterpart Cash in Bank - LCCA - LP 111-1 1,560,000

from DA-PSO for payment of 3rd Progress Billing Cash in Bank - LCCA - GOP 111-2 195,000

net of 25% recoupment- 80% physical Due to NGAs 416 1,755,000

accomplishment cumulative

11 25-Jul Payment of 3rd progress billing - 80% physical Construction in Progress-RHB 266 1,920,000

accomplishment cumulative Guaranty Deposits Payable 426 192,000

Advances to Contractors 181 360,000

Cash in Bank - LCCA - LP 111-1 1,368,000

 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

Construction in Progress-RHB 266 240,000

Guaranty Deposits Payable 426 24,000

Advances to Contractors 181 45,000

Cash in Bank - LCCA - GOP 111-2 171,000

Construction in Progress-RHB 266 240,000

Guaranty Deposits Payable 426 24,000

Advances to Contractors 181 45,000 2,400,000

Due to BIR 412 150,000 2,142,857

Cash in Bank - LCCA - E 111-3 21,000 150,000

12 5-Aug Remittance of taxes to BIR Due to BIR 412 150,000

Cash in Bank - LCCA - E 111-3 150,000

 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

13 20-Oct Receipt of Loan Proceeds and GOP Counterpart Cash in Bank - LCCA - LP 111-1 1,920,000

from DA-PSO for payment of 4th and final Cash in Bank - LCCA - GOP 111-2 240,000

payment - 100% physical accomplishment Due to NGAs 416 2,160,000

14 25-Oct Payment of 4th and final progress billing for Construction in Progress-RHB 266 1,920,000

100% physical accomplishment Guaranty Deposits Payable 426 192,000

Cash in Bank - LCCA - LP 111-3 1,728,000

Construction in Progress-RHB 266 240,000

Guaranty Deposits Payable 426 24,000

Cash in Bank - LCCA - GOP 111-2 216,000

Construction in Progress-RHB 266 240,000 2,400,000

Guaranty Deposits Payable 426 24,000 2,142,857

Due to BIR 412 150,000 150,000

Cash in Bank - LCCA - E 111-1 66,000 7

15 5-Nov Remittance of taxes to BIR Due to BIR 412 150,000

Cash in Bank - LCCA - E 111-3 150,000

16 30-Nov Project completion Roads, Highways & Bridges 251 12,000,000

CIP- RHB 266 12,000,000

 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

17 10-Dec Refund of 50% retention money (Guaranty Guaranty Deposits Payable 426 480,000

Deposits Payable) Cash in Bank - LCCA - LP 111-1 480,000

Guaranty Deposits Payable 426 60,000

Cash in Bank - LCCA - GOP 111-2 60,000

Guaranty Deposits Payable 426 60,000

Cash in Bank - LCCA - E 111-1 60,000

18 20-Dec Closing of Books of Accounts - Trust Fund Due to other funds 424 1,200,000

Due to NGAs 416 10,800,000

Roads,Highways & Bridges 251 12,000,000

Guaranty Deposits Payable 426 480,000

Cash in Bank - LCCA - LP 111-1 480,000 8

Guaranty Deposits Payable 426 60,000

Cash in Bank - LCCA - GOP 111-2 60,000

 TRUST FUND

NO. DATE TRANSACTIONS Acct

JOURNAL ENTRIES Code Debit Credit

Guaranty Deposits Payable 426 60,000

Cash in Bank - LCCA - E 111-1 60,000

19 31-Dec Closing of General Fund Books No Entry

51,750,000 51,750,000
 Republic of the Philippines
Province of Sultan Kudarat
Municipality of Isulan

Philippine Rural Development Program (PRDP)

Rehabilitation of Purok 2, San Martin FMR

Statement of Receipts and Expenditures

For the Month Ended January 31, 2014
SRE No. 2014 - 001
Physical Accomplishment - 0%

Loan Proceeds
Financing Mix 80.00%
Contract Cost 9,600,000.00

Beginning balance, January 1, 2014 -

ADD: Receipts
DV No./JEV No.
Date Particulars Check No.
5-Jan-14 Receipts of Equity from General Fund
10-Jan-14 Receipt of Loan Proceeds and GOP Counterpart 1,440,000.00

Total Receipts 1,440,000.00

Total Funds Available 1,440,000.00

LESS: Expenditures
15-Jan-14 Payment of 15% Mobilization Fee 1,440,000.00

Total Expenditures 1,440,000.00

Ending balance, December 31,2014 -

Cumulative Summary:
Total Receipts 1,440,000.00
Total Expenditures: 1,440,000.00
Balance -

Certified Correct: Noted by:

CHERRY D. BEPITEL,CPA MAE L. BARRERA

Municipal Accountant Municipal Treasurer

Approved by: Verfied and Found Correct

DIOSDADO G. PALLASIGUE DANIEL C. INES,CPA

Municipal Mayor COA Audit Team Leader
(PRDP)
MR

ures
14

GOP Counterpart LGU Equity Total

10.00% 10.00% 100.00%
1,200,000.00 1,200,000.00 12,000,000.00

- -

1,200,000.00 1,200,000.00
180,000.00 1,620,000.00

180,000.00 1,200,000.00 2,820,000.00

180,000.00 1,200,000.00 2,820,000.00

180,000.00 180,000.00 1,800,000.00

180,000.00 180,000.00 1,800,000.00

- 1,020,000.00 1,020,000.00

180,000.00 1,200,000.00 2,820,000.00

180,000.00 180,000.00 1,800,000.00
- 1,020,000.00 1,020,000.00

d Correct