CITY OF MALOLOS

COMBINED STATEMENT OF CASH FLOWS

For the period December 31, 2015

Cash Flows from Operating Activities:

Cash Inflows:
Collection from taxpayers
Share from Internal Revenue Collection
Interest Income
Receipt from NGA's
Receipt from LGU's
Receipt from Others
Receipt from Cash Bond
Total Cash Inflows
Cash Outflow
Payments -
To supplier/creditors
To employees
Interest expenses
Cash Bond
To Others/Disbursing Officers
Total Cash Outflow
Net Cash from Operating Activities -
Cash Flows from Investing Activities:
Cash Inflows:
From Sale of Property,Plant & Equipment
Total Cash Inflow
Cash Outflows:
To Purchase Property,Plant & Equipment
Total Cash Outflow
Net Cash from Investing Activities
Net Increase in Cash -

Cash at Beginning of the period

Cash at the end of the period -

Certified correct:

MARCIANA D. JIMENEZ
City Accountant
TOTAL

323,236,298.66
476,251,418.00
176,803.03
12,316,116.68
-
1,914,048.87
-
813,894,685.24

298,998,308.68
300,366,250.06
9,491,715.26
-
-
608,856,274.00
205,038,411.24

-
-

147,586,477.78
147,586,477.78
(147,586,477.78)
57,451,933.46

34,462,471.46

91,914,404.92
-
City of Malolos, Bulacan
Statement of Financial Position
As at December 31, 2017
(With Comparative Figures for CY 2016)

Notes 2017 2016

ASSETS
Current Assets
Cash and Cash Equivalents 4 ₱ 139,035,520.17 ₱ 60,727,496.85
Receivables 5 195,771,387.35 232,196,291.94
Advances to Contractors 42,819,422.00 36,862,564.68
Total Current Assets 377,626,329.52 329,786,353.47
Non-Current Assets
Property, Plant and Equipment, Net 6
Land and Land Improvements 25,943,684.54 26,502,450.02
Infrastructure Assets 176,719,709.35 131,302,298.88
Buildings and Other Structures 224,093,225.17 203,490,101.88
Machineries and Equipment 54,451,154.30 42,873,271.00
Transportation Equipment 17,733,490.70 18,007,321.00
Furniture and Fixtures 4,286,014.12 2,707,493.54
Construction in Progress-Agency Assets 97,252,785.95 38,916,998.73
Other Property, Plant and Equipment 2,764,576.43 2,764,576.41
Total Property, Plant and Equipment 603,244,640.56 466,564,511.46
Total Non-Current Assets 603,244,640.56 466,564,511.46
TOTAL ASSETS ₱ 980,870,970.08 ₱ 796,350,864.93

LIABILITIES AND EQUITY

LIABILITIES
Current Liabilities
Financial Liabilities 7 ₱ 39,873,875.74 ₱ 26,851,416.27
Inter-Agency Payables 57,868,682.15 54,640,652.39
Intra-Agency Payables 176,562,268.39 166,467,519.00
Trust Liability 187,502,967.46 158,425,585.16
Other Payables 13,079,016.19 16,311,284.13
Total Current Liabilities 474,886,809.93 422,696,456.95
Non-Current Liabilities
Long-term Liabilites 8 211,121,953.93 191,600,320.05
Deferred Credits 9 0.00 45,521,572.14
Total Non-Current Liabilities 211,121,953.93 237,121,892.19
TOTAL LIABILITIES 686,008,763.86 659,818,349.14
EQUITY
Government equity 294,862,206.22 136,532,515.79
TOTAL LIABILITIES AND EQUITY ₱980,870,970.08 ₱796,350,864.93
See accompanying Notes to Financial Statements.
 City of Malolos, Bulacan
Statement of Financial Performance
For the period ended December 31, 2017
(With Comparative Figures for CY 2016)

Notes 2017 2016

Revenue:
Tax Revenue 10 ₱ 381,613,225.20 ₱ 285,128,663.44
Share from National Taxes 11 582,934,538.00 520,655,649.00
Service and Business Income 12 58,991,518.50 48,247,393.66
Share, Grants and Donations 13 4,405,982.72 7,522,433.94
Total Revenue 1,027,945,264.42 861,554,140.04
Less: Current Operating Expenses
Personnel Services 14 342,497,792.98 329,325,058.95
Maintenance and Other Operating Expenses 15 439,779,719.95 381,071,819.83
Financial Expenses 16 13,521,142.31 10,827,400.68
Non Cash Expenses 17 75,276,956.87 63,334,219.48
Total Current Operating Expenses 871,075,612.11 784,558,498.94
Surplus (Deficit) from Current Operation 156,869,652.31 76,995,641.10
Add/(Deduct): Transfers, Assistance and Subsidy
Assistance and Subsidy From 13,909,414.06 0.00
Assistance/Subsidy To (13,400,000.00) 0.00
Other Non-Operating Income/(Losses)
Miscellaneous Income 196,044.56 0.00
Surplus (Deficit) for the period ₱ 157,575,110.93 ₱ 76,995,641.10

See accompanying Notes to Financial Statements.

 City of Malolos, Bulacan
Statement of Cash Flows
For the period ended December 31, 2017
(With Comparative Figures for CY 2016)

Notes 2017 2016

Cash Flows from Operating Activities:
Cash Inflows:
Collection from taxpayers ₱ 444,601,180.17 ₱ 316,825,990.73
Share from Internal Revenue Collection 582,934,538.00 520,655,649.00
Interest Income 62,677.91 237,987.62
Other Receipts 66,392,505.55 46,084,792.70
Total Cash Inflows 1,093,990,901.63 883,804,420.05
Cash Outflow
Payments
To supplier/creditors 496,783,781.75 435,517,199.00
To employees 338,130,943.89 310,185,457.45
Interest expenses 13,521,142.31 9,442,099.98
Total Cash Outflow 848,435,867.95 755,144,756.43
Net Cash from Operating Activities 18 245,555,033.68 128,659,663.62
Cash Flows from Investing Activities:
Cash Outflows:
To Purchase Property,Plant & Equipment 240,537,010.36 159,846,571.69
Net Cash from Investing Activities (240,537,010.36) (159,846,571.69)
Cash Flows from Finacing Activities:
Cash Inflows:
Proceeds from Domestic Loan 73,290,000.00 0.00
Net Cash from Investing Activities 73,290,000.00 0.00
Increase in Cash and Cash Equivalents 78,308,023.32 (31,186,908.07)
Cash and Cash Equivalents at the beginning
of the year 60,727,496.85 91,914,404.92
Cash and Cash Equivalents, end of the year 4 ₱ 139,035,520.17 ₱ 60,727,496.85

See accompanying Notes to Financial Statements.

 City of Malolos, Bulacan
Statement of Changes in Net Assets/Equity
For the period ended December 31, 2017
(With Comparative Figures for CY 2016)

2017 2016
Balance, January 1 ₱ 136,532,515.79 ₱ 214,303,322.22
Add/(Deduct):
Change in Accounting Policy
Prior Period Errors/Adjustments (8,688,093.00) (154,766,447.53)
Restated Balance 127,844,422.79 59,536,874.69
Add/(Deduct): Changes in Net Assets/Equity
for the Calendar Year
Adjustment of net revenue recognized directly in
net asset/equity
Unrealized gain/(loss) from changes in the fair value
of financial assets 9,442,672.50
Surplus/Deficit for the period 157,575,110.93 76,995,641.10
Total recognized revenue and expense for the period 167,017,783.43 76,995,641.10
Balance, December 31 ₱ 294,862,206.22 ₱ 136,532,515.79

See accompanying Notes to Financial Statements.

City of Malolos, Bulacan
Statement of Comparison of Budget and Actual Amounts
General and Special Education Fund
For the Year Ended December 31, 2017

CITY OF MALOL
Particulars Budgeted Amounts

Original Final
Revenue
A. Local Sources
1. Tax Revenue
a. Tax Revenue - Property ₱ 190,181,363.23 ₱ 190,181,363.23
b. Tax Revenue - Goods and Services 516,417,099.00 516,417,099.00
c. Other Local Taxes
Total Tax Revenue 706,598,462.23 706,598,462.23
2. Non-Tax Revenue
a. Service Income 40,964,565.00 40,964,565.00
b. Business Income 131,235,149.64 131,235,149.64
c. Other Income and Receipts 683,784.00 683,784.00
Total Non-Tax Revenue 172,883,498.64 172,883,498.64
B. External Sources
1. Share from the IRA 582,934,538.00 582,934,538.00
2. Share from GOCCs
3. Other Shares from National Tax Collections 3,638,234.00 3,638,234.00
a. Share from Ecozone
b. Share from EVAT
c. Share from National Wealth 3,638,234.00 3,638,234.00
d. Share from Tobacco Excise Tax
4. Other Receipts
a. Grants and Donations
b. Other Subsidy Income
5. Inter-local Transfer
6. Capital /Investment Receipts
a. Sale of Capital Assets
b. Sale of Investments
c. Proceeds from Collections of Loan Receivables
C. Receipts from Borrowings 50,000,000.00 50,000,000.00
Total Revenue and Receipts 1,516,054,732.87 1,516,054,732.87
Expenditures
Current Appropriations
General Public Services
Personal Services 168,281,843.11 160,797,926.11
Maintenance and Other Operating Expenses 445,109,997.85 441,159,997.85
Capital Outlay 159,697,000.00 159,697,000.00
Education
Personal Services 6,949,615.60 4,326,099.14
Maintenance and Other Operating Expenses 67,087,975.63 72,071,408.68
Capital Outlay
Health, Nutrition and Population Control
Personal Services 73,129,280.51 66,911,403.51
 Maintenance and Other Operating Expenses 39,753,000.00 39,753,000.00
Capital Outlay 3,410,000.00 3,410,000.00
Labor and Employment
Personal Services
Maintenance and Other Operating Expenses
Capital Outlay
Social Services and Social Welfare
Personal Services 15,308,272.56 14,088,834.56
Maintenance and Other Operating Expenses 38,178,198.00 38,178,198.00
Capital Outlay 2,105,000.00 2,105,000.00
Economic Services
Personal Services 115,948,731.09 113,077,814.09
Maintenance and Other Operating Expenses 67,303,172.00 69,003,172.00
Capital Outlay 57,427,500.00 77,427,500.00
Other Purposes:
Debt Service
Financial Expense
Amortization 37,600,000.00 37,600,000.00
LDRRMF
Maintenance and Other Operating Expenses 63,649,908.00 63,649,908.00
Capital Outlay
20% Development Fund
Maintenance and Other Operating Expenses 116,586,908.00 116,586,908.00
Capital Outlay
Share from National Wealth
Maintenance and Other Operating Expenses
Capital Outlay
Allocation for Senior Citizens and PWD
Maintenance and Other Operating Expenses 5,000,000.00 5,000,000.00
Capital Outlay
Total Current Appropriations 1,482,526,402.35 1,484,844,169.94
Continuing Appropriations 0.00 0.00
Total Appropriations 1,482,526,402.35 1,484,844,169.94
Surplus (Deficit) for the period ₱ 33,528,330.52 ₱ 31,210,562.93
See accompanying Notes to Financial Statements.
CITY OF MALOLOS
Difference Difference
Original and Final Actual Amounts Final Budget and
Budget Actual

₱0.00 ₱ 174,732,148.57 ₱ 15,449,214.66

0.00 220,281,076.63 296,136,022.37

0.00 395,013,225.20 311,585,237.03

0.00 30,693,658.03 10,270,906.97

0.00 28,297,860.47 102,937,289.17
0.00 196,044.56 487,739.44
0.00 59,187,563.06 113,695,935.58

0.00 582,934,538.00 0.00

4,405,982.72 (4,405,982.72)
0.00 3,638,234.00
-
-
0.00 3,638,234.00

509,414.06 (509,414.06)

509,414.06 (509,414.06)

0.00 73,290,000.00 (23,290,000.00)

0.00 1,115,340,723.04 400,714,009.83

7,483,917.00 277,636,052.76 (116,838,126.65)

3,950,000.00 440,829,623.57 330,374.28
0.00 93,247,712.02 66,449,287.98

2,623,516.46 4,366,849.09 (40,749.95)

(4,983,433.05) 57,530,519.15 14,540,889.53

6,217,877.00 42,112,057.77 24,799,345.74

 0.00 19,601,709.00 20,151,291.00
0.00 1,112,880.00 2,297,120.00

4,652,587.69 (4,652,587.69)
3,599,772.91 (3,599,772.91)
527,680.00 (527,680.00)

1,219,438.00 9,979,661.03 4,109,173.53

0.00 23,252,402.14 14,925,795.86
0.00 92,050.00 2,012,950.00

2,870,917.00 3,750,584.64 109,327,229.45

(1,700,000.00) 715,140.75 68,288,031.25
(20,000,000.00) 77,427,500.00

0.00 37,600,000.00

0.00 7,775,381.00 55,874,527.00

6,800,000.00 (6,800,000.00)

0.00 116,586,908.00
101,039,615.86 (101,039,615.86)

0.00 5,000,000.00

(2,317,767.59) 1,098,622,279.38 386,221,890.56

0.00 0.00 0.00
(2,317,767.59) 1,098,622,279.38 386,221,890.56
₱ 2,317,767.59 ₱ 16,718,443.66 ₱ 14,492,119.27