AIR PHILIPPINES EMPLOYEES' COOPERATIVE

OPERATING PERFORMANCE
ACTUAL VERSUS BUDGET- JANUARY TO NOVEMBER 2017
(In Php)
ACTUAL B U D G E T*
PARTICULARS SEP OCT NOV TOTAL SEP OCT NOV
REVENUES
Interest Income on Loans 619,416.37 638,462.67 652,616.67 6,729,760.97 587,532.91 587,532.91 587,532.91
Membership Fees 1,200.00 1,600.00 200.00 12,800.00 1,759.50 1,759.50 1,759.50
Filing Fee (Processing Fee) 42,650.01 39,650.00 34,950.00 414,789.76 33,454.09 33,454.09 33,454.09
Service Fee 1,200.00 - - 10,500.00 5,627.30 5,627.30 5,627.30
Other Income - - - 13,450.00 15,804.35 15,804.35 15,804.35
TOTAL REVENUES: 664,466.38 679,712.67 687,766.67 7,181,300.73 644,178.15 644,178.15 644,178.15
OPERATING EXPENSES
Employees' Allowances 114,378.00 129,836.75 123,183.00 1,275,076.25 119,127.16 119,127.16 119,127.16
Employees' Benefits 24,760.38 61,800.00 288,569.50 32,871.41 32,871.41 32,871.41
Officers' Per Diem & Allowances 12,000.00 82,500.00 156,000.00 12,959.06 12,959.06 12,959.06
Rental Expense 12,000.00 12,000.00 12,000.00 132,000.00 13,800.00 13,800.00 13,800.00
Metings and Conferences 2,100.00 5,467.87 4,638.70 36,781.65 2,159.52 2,159.52 2,159.52
Communications Expense 2,298.99 2,328.99 11,408.99 34,428.89 2,672.36 2,672.36 2,672.36
Travel and Transportation 2,004.00 2,516.50 1,060.00 14,692.50 1,094.90 1,094.90 1,094.90
Repairs and Maintenance 3,000.00 - - 12,302.00 500.73 500.73 500.73
Office Supplies 589.75 1,035.00 2,455.25 27,804.75 2,407.10 2,407.10 2,407.10
Supplies 2,141.30 1,581.00 4,426.30 17,086.35 362.40 362.40 362.40
Office Equipment Expenses 11,314.00 - 38,518.75 392.15 392.15 392.15
Furniture, Fixture and Equipment 3,085.00 2,980.00 - 6,065.00
Professional and Consultancy Fees - - 7,000.00 833.33 833.33 833.33
Bond/Insurance Expense - - 11,423.00 479.17 479.17 479.17
Power,Light and Water 3,562.89 4,196.55 4,730.64 38,906.85 3,782.12 3,782.12 3,782.12
Taxes and Licenses - - 1,100.00 153.33 153.33 153.33
General Assembly Expenses 10,000.00 41,194.00 2,208.69 2,208.69 2,208.69
Members' Benefits Expenses - 162,500.00 172,500.00 12,500.00 12,500.00 12,500.00
Retirement Benefits Expenses - - - 18,585.60 18,585.60 18,585.60
 Depreciation Expense - - - 3,519.76 3,519.76 3,519.76
Collection Expense - - - 287.50 287.50 287.50
Representation 200.00 2,717.42 3,327.42 2,262.34 2,262.34 2,262.34
Miscellaneous Expense 210.00 - - 5,447.00 337.53 337.53 337.53
TOTAL EXPENSES: 145,369.93 220,217.04 473,420.30 2,320,223.91 233,296.16 233,296.16 233,296.16
NET SURPLUS: 519,096.45 459,495.63 214,346.37 4,861,076.82 410,881.99 410,881.99 410,881.99
441,916.07
NO. OF BORROWERS 55 73 43 63

SUBMITTED BY: APPROVED :

MARYLINE C. AMBAS PATRIA T. CHIONG
General Manager Chairperson
mca06Dec2017 * 2017 Budget V.2 (Revised Aug-Dec)
 ACTUAL VS.
TOTAL BUDGET

6,919,832.02 (190,071.05)
20,723.00 (7,923.00)
394,014.83 20,774.93
66,277.05 (55,777.05)
186,140.13 (172,690.13)
7,586,987.03 (405,686.30)

1,310,398.76 (35,322.51)
361,585.51 (73,016.01)
142,549.66 13,450.34
151,800.00 (19,800.00)
23,754.72 13,026.93
29,395.96 5,032.93
12,043.90 2,648.60
5,508.03 6,793.97
26,478.10 1,326.65
3,986.40 13,099.95
4,313.65 34,205.10

9,166.63 (2,166.63)
5,270.87 6,152.13
41,603.32 (2,696.47)
1,686.63 (586.63)
24,295.59 16,898.41
137,500.00 35,000.00
204,441.60 (204,441.60)
 38,717.36 (38,717.36)
3,162.50 (3,162.50)
24,885.74 (21,558.32)
3,712.83 1,734.17
2,566,257.76 (252,098.85)
5,020,729.27 (153,587.45)
456,429.93 (14,513.86)
-3.18%

IONG
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