TO-DO-LIST

Notes to Financial Statements

Closing Entries
Post-Closing Trial Balance
Statement of Financial Position
Statement of Financial Performance
 PARTICULARS Debit
Due from NGAs 1 12,385.57
Receivables - Dsisallowances/Charges 1 242,607.90
Other Receivables 1 211,651.69
Semi-Expendable Furniture & Fixtures 4,658.80
Land 16,135,236.00
School Buildings 16,911,090.38
Office Equipment 596,954.00
Information & Communication Technology Equipment 1 2,921,842.68
Communication Equipment 233,025.00
Sports Equipment 54,490.00
Medical Equipment 29,780.00
Technical and Scientific Equipment 5,434,271.90
Other Machinery and Equipment 692,999.93
Construction in Progress-Building & Other Structures 135,360,008.51
Construction in Progress-Land Improvement 1 4,046,992.52
Construction in Progress-Infrustructure Assets 5,563,186.96
Guaranty Deposits 68,686.39
Advances to Contractor 1 5,248,633.36
Advances to Officers and Employees 4,250.00
Prepaid Insurance 1 99,069.52
Other Assets 1 180,112.55
Accumulated Depreciation - Building & Other Structures
Accumulated Depreciation - Office Equipment
Accumulated Depreciation - Information & Com'n Equipt
Accumulated Depreciation - Technical & Scientific Equipt
Accumulated Depreciation - Communication Equipment
Accumulated Depreciation - Other Machinery & Equipment
Accounts Payable 2
Due to BIR
Trust Liabilities
Guaranty/Security Deposits Payable
Accumulated Surplus (Deficit)
Subsidy from National Government
Salaries & Wages - Regular 44,499,101.30
Salaries & Wages - Casual 175,110.46
Honoraria 1,005,602.36
PERA 3,115,005.25
Representation Allowance 163,500.00
Transportation Allowance 163,500.00
Uniform/Clothing Allowance 720,000.00
Subsistence Allowance 11,050.00
Terminal Leave Benefits 587,961.74
Laundry Allowance 1,506.76
Overnight Pay 54,910.40
Collective Negotiation Agreement - Civilian 1,100,800.00
Productivity Enhancement Incentive - Civilian 650,000.00
Year end Bonus 7,254,210.55
Cahs Gift - Civilian 649,750.00
Retirement & Life Insurance Premiums 5,348,189.18
Pag-Ibig Contributiona 156,800.00
Philhealth Contirbutions 531,642.15
ECC Contributions 156,559.28
Other Personnel Benefits 1,180,731.73
Traveling Expenses 444,734.04
Training Expenses 119,400.00
Scholarship Expenses 11,606,400.00
Office Supplies Expenses 607,323.09
Accountable Forms Stickers Expenses 34,000.00
Drugs & Medicines Expenses 4,588.00
Medical, Dental & Laboratories Expenses 538.00
Fuel, Oil and Lubricants 301,172.56
Other Supplies & Materials Expenses 86,676.04
Water Expenses 336,872.70
Electricity Expenses 3,457,406.40
Postage & Courier Services 2,743.00
Telephone Expenses 130,510.64
Internet Subscription 553,392.51
Prizes 6,373.05
Extraordinary & Misc. Expenses 116,568.48
Auditing Services 69,371.20
Other Professional Services 122,000.00
Janitorial Services 530,458.90
Security Services 595,336.08
Other General Services 942,697.50
Taxes, Duties & Licenses 7,716.46
Insurance Expenses 33,301.62
Representation Expenses 182,820.90
Rent Expenses 3,000.00
Semi-Expendable Office Equipment Expenses 25,040.00
Semi-Expendable ICT Equipment Expenses 22,443.92
Semi-Expendable Furniture & Fixtures Expenses 22,763.80
Semi-Expendable Books 1,000.00
Semi-Expendable Other Machinery Equipment Expenses 7,848.75
Semi-Expendable Communication Equipment Expenses 1,150.00
Repairs & Maintenance Water Crafts 15,500.00
Repairs & Maintenance - Motor Vehicles 32,520.00
Repairs & Maintenance - Other Machinery & Equipment 850.00
Repairs & Maintenance - Office Equipment 12,100.00
Fidelity Bond Premiums 63,000.00
Labor & Wages 300.00
Legal Services 11,100.00
Membership Dues & Contribution to Organization 55,000.00
Subscription Expenses 4,346.71
Advertising Expenses 88,810.00
Other MOOE 188,405.34
Depreciation - Building and Other Structures 640,413.13
Depreciation - Office Equipment 44,835.57
Depreciation - Communication Equipment 34,953.76
Depreciation - Technical & Scientific Equipment 440,511.10
Depreciation - Other Machinery & Equipment 4,050.00
Depreciation - Information Communication & Equip Tech 239,979.36
283,830,187.43
 Credit Accounts
1 Assets
2 Liabilities
3 Equity
4 Income
5 Expenses

7,639,888.27
105,907.32
308,769.96
1,060,708.21
34,953.76
4,050.00
1,632,434.45
5,162.71
286,611.00
8,022,561.95
105,937,271.29
158,791,868.51
Revenue and expense Summary
Salaries & Wages - Regular
Salaries & Wages - Casual
Honoraria
PERA
Representation Allowance
Transportation Allowance
Uniform/Clothing Allowance
Subsistence Allowance
Terminal Leave Benefits
Laundry Allowance
Overnight Pay
Collective Negotiation Agreement - Civilian
Productivity Enhancement Incentive - Civilian
Year end Bonus
Cahs Gift - Civilian
Retirement & Life Insurance Premiums
Pag-Ibig Contributiona
Philhealth Contirbutions
ECC Contributions
Other Personnel Benefits
Traveling Expenses
Training Expenses
Scholarship Expenses
Office Supplies Expenses
Accountable Forms Stickers Expenses
Drugs & Medicines Expenses
Medical, Dental & Laboratories Expenses
Fuel, Oil and Lubricants
Other Supplies & Materials Expenses
Water Expenses
Electricity Expenses
Postage & Courier Services
Telephone Expenses
Internet Subscription
Prizes
Extraordinary & Misc. Expenses
Auditing Services
Other Professional Services
Janitorial Services
Security Services
Other General Services
Taxes, Duties & Licenses
Insurance Expenses
Representation Expenses
Rent Expenses
Semi-Expendable Office Equipment Expenses
Semi-Expendable ICT Equipment Expenses
Semi-Expendable Furniture & Fixtures Expenses
Semi-Expendable Books
Semi-Expendable Other Machinery Equipment Expenses
Semi-Expendable Communication Equipment Expenses
Repairs & Maintenance Water Crafts
Repairs & Maintenance - Motor Vehicles
Repairs & Maintenance - Other Machinery & Equipment
 Repairs & Maintenance - Office Equipment
Fidelity Bond Premiums
Labor & Wages
Legal Services
Membership Dues & Contribution to Organization
Subscription Expenses
Advertising Expenses
Other MOOE
Depreciation - Building and Other Structures
Depreciation - Office Equipment
Depreciation - Communication Equipment
Depreciation - Technical & Scientific Equipment
Depreciation - Other Machinery & Equipment
283,830,187.43 Depreciation - Information Communication & Equip Tech

Subsidy from National Government

Revenue and Expense Summary

Revenue and Expense Summary

Accumulated Surplus/(Deficit)
89,778,253.77
44,499,101.30
175,110.46
1,005,602.36
3,115,005.25
163,500.00
163,500.00
720,000.00
11,050.00
587,961.74
 1,506.76
54,910.40
1,100,800.00
650,000.00
7,254,210.55
649,750.00
5,348,189.18
156,800.00
531,642.15
156,559.28
1,180,731.73
444,734.04
119,400.00
11,606,400.00
607,323.09
34,000.00
4,588.00
538.00
301,172.56
86,676.04
336,872.70
3,457,406.40
2,743.00
130,510.64
553,392.51
6,373.05
116,568.48
69,371.20
122,000.00
530,458.90
595,336.08
942,697.50
7,716.46
33,301.62
182,820.90
3,000.00
25,040.00
22,443.92
22,763.80
1,000.00
pment Expenses 7,848.75
ment Expenses 1,150.00
15,500.00
32,520.00
ry & Equipment 850.00
 12,100.00
63,000.00
300.00
11,100.00
55,000.00
4,346.71
88,810.00
188,405.34
640,413.13
44,835.57
34,953.76
440,511.10
4,050.00
on & Equip Tech 239,979.36

158,791,868.51
158,791,868.51

69,013,614.74
69,013,614.74
Subsidy from National Government 158,791,868.51
Revenue and Expense Summary
To close income in Revenue and Expense Summary account.

Revenue and Expense Summary 89,778,253.77

Salaries & Wages - Regular
Salaries & Wages - Casual
Honoraria
PERA
Representation Allowance
Transportation Allowance
Uniform/Clothing Allowance
Subsistence Allowance
Terminal Leave Benefits
Laundry Allowance
Overnight Pay
Collective Negotiation Agreement - Civilian
Productivity Enhancement Incentive - Civilian
Year end Bonus
Cash Gift - Civilian
Retirement & Life Insurance Premiums
Pag-Ibig Contributions
Philhealth Contirbutions
ECC Contributions
Other Personnel Benefits
Traveling Expenses
Training Expenses
Scholarship Expenses
Office Supplies Expenses
Accountable Forms Stickers Expenses
Drugs & Medicines Expenses
Medical, Dental & Laboratories Expenses
Fuel, Oil and Lubricants
Other Supplies & Materials Expenses
Water Expenses
Electricity Expenses
Postage & Courier Services
Telephone Expenses
Internet Subscription
Prizes
Extraordinary & Misc. Expenses
Auditing Services
Other Professional Services
Janitorial Services
Security Services
Other General Services
Taxes, Duties & Licenses
Insurance Expenses
Representation Expenses
Rent Expenses
Semi-Expendable Office Equipment Expenses
Semi-Expendable ICT Equipment Expenses
Semi-Expendable Furniture & Fixtures Expenses
Semi-Expendable Books
Semi-Expendable Other Machinery Equipment Expenses
Semi-Expendable Communication Equipment Expenses
Repairs & Maintenance Water Crafts
Repairs & Maintenance - Motor Vehicles
Repairs & Maintenance - Other Machinery & Equipment
Repairs & Maintenance - Office Equipment
Fidelity Bond Premiums
Labor & Wages
Legal Services
Membership Dues & Contribution to Organization
Subscription Expenses
Advertising Expenses
Other MOOE
Depreciation - Building and Other Structures
Depreciation - Office Equipment
Depreciation - Communication Equipment
Depreciation - Technical & Scientific Equipment
Depreciation - Other Machinery & Equipment
Depreciation - Information Communication & Equip Tech
To close all expenses in Revenue and Expense Summary account.
 Revenue and Expense Summary 69,013,614.74
158,791,868.51 Accumulated Surplus/(Deficit)
To close Revenue and Expense Summary
in Accumulated Surplus/(Deficit) account.

44,499,101.30
175,110.46
1,005,602.36
3,115,005.25
163,500.00
163,500.00
720,000.00
11,050.00
587,961.74
1,506.76
54,910.40
1,100,800.00
650,000.00
7,254,210.55
649,750.00
5,348,189.18
156,800.00
531,642.15
156,559.28
1,180,731.73
444,734.04
119,400.00
11,606,400.00
607,323.09
34,000.00
4,588.00
538.00
301,172.56
86,676.04
336,872.70
3,457,406.40
2,743.00
130,510.64
553,392.51
6,373.05
116,568.48
69,371.20
122,000.00
530,458.90
595,336.08
942,697.50
7,716.46
33,301.62
182,820.90
3,000.00
25,040.00
22,443.92
22,763.80
1,000.00
7,848.75
1,150.00
15,500.00
32,520.00
850.00
12,100.00
63,000.00
300.00
11,100.00
55,000.00
4,346.71
88,810.00
188,405.34
640,413.13
44,835.57
34,953.76
440,511.10
4,050.00
239,979.36
69,013,614.74
 Agency M
Statement of Financial Performance
For the Year Ended December 31, 2018

Revenue

Total Revenue 0

Less: Current Operating Expenses

Personnel Services
Salaries and Wages
Salaries & Wages - Regular 44,499,101.30
Salaries & Wages - Casual 175,110.46
Total Salaries and Wages 44,674,211.76

Other Compensation
Honoraria 1,005,602.36
PERA 3,115,005.25
Representation Allowance 163,500.00
Transportation Allowance 163,500.00
Uniform/Clothing Allowance 720,000.00
Subsistence Allowance 11,050.00
Laundry Allowance 1,506.76
Overnight Pay 54,910.40
Collective Negotiation Agreement - Civilian 1,100,800.00
Productivity Enhancement Incentive - Civilian 650,000.00
Year end Bonus 7,254,210.55
Cash Gift - Civilian 649,750.00
Total Other Compensation 14,889,835.32

Personnel Benefit Contributions

Retirement & Life Insurance Premiums 5,348,189.18
Pag-Ibig Contributions 156,800.00
Philhealth Contirbutions 531,642.15
ECC Contributions 156,559.28
Total Personnel Benefit Contributions 6,193,190.61

Other Personnel Benefits

Terminal Leave Benefits 587,961.74
Other Personnel Benefits 1,180,731.73
Total Other Personnel Benefits 1,768,693.47

Total Personnel Services 67,525,931.16

Maintenance and Other Operating Expenses

Traveling Expenses 444,734.04

Training and Scholarship Expenses

Training Expenses 119,400.00
Scholarship Expenses 11,606,400.00
Total Training and Scholarship Expenses 11,725,800.00

Supplies and Materials Expenses

Office Supplies Expenses 607,323.09
Accountable Forms Stickers Expenses 34,000.00
Drugs & Medicines Expenses 4,588.00
Medical, Dental & Laboratories Expenses 538.00
Fuel, Oil and Lubricants 301,172.56
Other Supplies & Materials Expenses 86,676.04
Semi-Expendable Office Equipment Expenses 25,040.00
Semi-Expendable ICT Equipment Expenses 22,443.92
Semi-Expendable Furniture & Fixtures Expenses 22,763.80
Semi-Expendable Books 1,000.00
Semi-Expendable Other Machinery Equipment Expenses 7,848.75
Semi-Expendable Communication Equipment Expenses 1,150.00
Total Supplies and Materials Expenses 1,114,544.16

Utility Expenses
Water Expenses 336,872.70
Electricity Expenses 3,457,406.40
Total Utility Expenses 3,794,279.10

Communication Expenses
Postage & Courier Services 2,743.00
Telephone Expenses 130,510.64
Internet Subscription 553,392.51
Total Communication Expenses 686,646.15

Awards/Rewards and Prizes

Prizes 6,373.05
Total Awards/Rewards and Prizes 6,373.05

Confidential, Intelligence and Extraordinary Expenses

Extraordinary & Misc. Expenses 116,568.48
Total Confidential, Intelligence and Extraordinary Expenses 116,568.48

Professional Services
Auditing Services 69,371.20
Other Professional Services 122,000.00
 Legal Services 11,100.00
Total Professional Services 202,471.20

General Services
Janitorial Services 530,458.90
Security Services 595,336.08
Other General Services 942,697.50
Total General Services 2,068,492.48

Taxes, Insurance Premiums and Other Fees

Taxes, Duties & Licenses 7,716.46
Insurance Expenses 33,301.62
Fidelity Bond Premiums 63,000.00
Total Taxes, Insurance Premiums and Other Fees 104,018.08

Other Maintenance and Operating Expenses

Representation Expenses 182,820.90
Rent Expenses 3,000.00
Membership Dues & Contribution to Organization 55,000.00
Subscription Expenses 4,346.71
Advertising Expenses 88,810.00
Other MOOE 188,405.34
Total Other Maintenance and Operating Expenses 522,382.95

Repairs and Maintenance

Repairs & Maintenance Water Crafts 15,500.00
Repairs & Maintenance - Motor Vehicles 32,520.00
Repairs & Maintenance - Other Machinery & Equipment 850.00
Repairs & Maintenance - Office Equipment 12,100.00
Total Repairs and Maintenance 60,970.00

Labor and Wages

Labor & Wages 300.00

Total Maintenance and Other Operating Expenses 20,847,579.69

Non-Cash Expenses
Depreciation
Depreciation - Building and Other Structures 640,413.13
Depreciation - Office Equipment 44,835.57
Depreciation - Communication Equipment 34,953.76
Depreciation - Technical & Scientific Equipment 440,511.10
Depreciation - Other Machinery & Equipment 4,050.00
Depreciation - Information Communication & Equip Tech 239,979.36
 Total Depreciation 1,404,742.92

Total Non-Cash Expenses 1,404,742.92

Current Operating Expenses 89,778,253.77

Surplus/(Deficit) from Current Operations (89,778,253.77)

Financial Assistance/Subsidy from NGAs, LGUs, GOCCs

Subsidy from National Government 158,791,868.51
Total Financial Assistance/Subsidy from NGAs, LGUs, GOCCs 158,791,868.51

Net Financial Assistance/Subsidy 158,791,868.51

Surplus (Deficit) for the period 69,013,614.74

 Particulars Debit

Due from NGAs 12,385.57

Receivables - Dsisallowances/Charges 242,607.90
Other Receivables 211,651.69
Semi-Expendable Furniture & Fixtures 4,658.80
Land 16,135,236.00
School Buildings 16,911,090.38
Office Equipment 596,954.00
Information & Communication Technology Equipment 2,921,842.68
Communication Equipment 233,025.00
Sports Equipment 54,490.00
Medical Equipment 29,780.00
Technical and Scientific Equipment 5,434,271.90
Other Machinery and Equipment 692,999.93
Construction in Progress-Building & Other Structures 135,360,008.51
Construction in Progress-Land Improvement 4,046,992.52
Construction in Progress-Infrustructure Assets 5,563,186.96
Guaranty Deposits 68,686.39
Advances to Contractor 5,248,633.36
Advances to Officers and Employees 4,250.00
Prepaid Insurance 99,069.52
Other Assets 180,112.55
Accumulated Depreciation - Building & Other Structures
Accumulated Depreciation - Office Equipment
Accumulated Depreciation - Information & Com'n Equipt
Accumulated Depreciation - Technical & Scientific Equipt
Accumulated Depreciation - Communication Equipment
Accumulated Depreciation - Other Machinery & Equipment
Accounts Payable
Due to BIR
Trust Liabilities
Guaranty/Security Deposits Payable
Accumulated Surplus (Deficit)
Total 194,051,933.66
 Credit
Receivables
Inventory
PPE
Other Assets
Intangible Assets
Financial Liab-Payables
Inter-Agency Payables
Trust Liabilities
Government Equity

7,639,888.27
105,907.32
308,769.96
1,060,708.21
34,953.76
4,050.00
1,632,434.45
5,162.71
286,611.00
8,022,561.95
174,950,886.03
194,051,933.66
 Agency M
Detailed Statement of Financial Position
As of December 31, 2018

ASSETS Notes

Current Assets
Receivables 466,645.16

Inter-Agency Receivables 12,385.57

Due from NGAs 12,385.57

Other Receivables 454,259.59

Receivables - Disallowances/Charges 242,607.90
Other Receivables 211,651.69

Inventories 4,658.80

Semi-Expendable Furniture, Fixtures and Books 4,658.80

Semi-Expendable Furniture & Fixtures 4,658.80

Total Current Assets 471,303.96

Non-Current Assets

Property, Plant and Equipment 178,825,600.36

Land 16,135,236.00
Land 16,135,236.00

Buildings and Other Structures 9,271,202.11

School Buildings 16,911,090.38
Accumulated Depreciation - Building & Other Structures 7,639,888.27
Net Value 9,271,202.11

Machinery and Equipment 8,448,974.26

Office Equipment 596,954.00
Accumulated Depreciation - Office Equipment 105,907.32
Net Value 491,046.68
Information & Communication Technology Equipment 2,921,842.68
Accumulated Depreciation - Information & Com'n Equipt 308,769.96
Net Value 2,613,072.72
Communication Equipment 233,025.00
Accumulated Depreciation - Communication Equipment 34,953.76
 Net Value 198,071.24
Medical Equipment 29,780.00
Sports Equipment 54,490.00
Technical and Scientific Equipment 5,434,271.90
Accumulated Depreciation - Technical & Scientific Equipt 1,060,708.21
Net Value 4,373,563.69
Other Machinery and Equipment 692,999.93
Accumulated Depreciation - Other Machinery & Equipment 4,050.00
Net Value 688,949.93

Construction in Progress 144,970,187.99

Construction in Progress-Building & Other Structures 135,360,008.51
Construction in Progress-Land Improvement 4,046,992.52
Construction in Progress-Infrustructure Assets 5,563,186.96

Other Non-Current Assets 5,600,751.82

Advances 4,250.00
Advances to Officers and Employees 4,250.00

Prepayments 5,347,702.88
Advances to Contractor 5,248,633.36
Prepaid Insurance 99,069.52

Deposits 68,686.39
Guaranty Deposits 68,686.39

Other Assets 180,112.55

Other Assets 180,112.55

Total Non-Current Assets 184,426,352.18

TOTAL ASSETS 184,897,656.14

LIABILITIES

Current Liabilities

Financial Liabilities 1,637,597.16

Payables 1,632,434.45
Accounts Payable 1,632,434.45

Inter-Agency Payables 5,162.71

 Due to BIR 5,162.71

Trust Liabilities 8,309,172.95

Trust Liabilities 286,611.00
Guaranty/Security Deposits Payable 8,022,561.95

Total Current Liabilities 9,946,770.11

TOTAL LIABILITIES 9,946,770.11

TOTAL ASSETS LESS TOTAL LIABILITIES 174,950,886.03

NET ASSETS/EQUITY
Equity
Government Equity
Accumulated Surplus (Deficit) 174,950,886.03
TOTAL NET ASSETS/EQUITY 174,950,886.03