ENTITY-Balicasag Island Dive Resort

Transfer of Fund Computation June 2019

ANNEX B
As at June 30, 2019
A. Fund Requirement - (July & August 2019)

Personal Services 313,400.00

Maintenance and Other Operating Services 2,189,950.00
Cost of Sales 458,200.00 2,961,550.00
Total 2,961,550.00

B. Cash balance

Cash Balance, Beginning 1,960,254.15

Add: Transfer of funds & other deposits for the month

Operating Fund June & July 2019 0.00
Funding Job Order Differentail Jan.1-May 31, 2019 563,390.48
Funding SC Month of April 2019 53,527.12
Refund Relocation Allowance of Ms. Gatmaitan 24,000.00
Interest Income 2nd Quarter of CY 2019 428.77
641,346.37

Total Cash Available 2,601,600.52

Less: Disbursements - June-19 JEV19-06-156 2,265,358.19

Regular Payroll thru ATM - JEV 2019-06-148 63,137.68
Interest Expense 2nd Quarter of CY 2019 85.75

2,328,581.62

Total Cash balance, end 273,018.90

Less: Accounts Payable -
BMC Fund as of June 30, 2019 37,747.84
Funding Hot and Cold Shower 112,000.00
Funding Smoke Detector 33,000.00
Balance Funding Automated Kitchen Hood Fire Suppression System 19,710.00
Balance Funding 2 units Ouboard Motor Yamaha Engine 26,000.00
Balance Funding Gas Manifold 221.00
Balance Funding National Womens Month CY 2019 10,885.00
Accounts Payable - June 2019-JEV19-06-160 508,093.77 747,657.61
Total (474,638.71) (474,638.71)

C. Fund Requirement (A-B) (July & August 2019) - 3,436,188.71

TOTAL AMOUNT FOR RELEASE "S A Y" 3,436,200.00

Savings Account:

Particulars Amount Date

Transfer to Home Office for the month -
Savings Account Balance 675,406.86 June 30, 2019

Checked and Certified: Certified correct :

ENTITY-Balicasag Island Dive Resort
Fund Requirements for the Month of July-August 2019
June 2019
As at June 30, 2019
Budget Actual Available Projected Cash Flow CY 2018 CY2019 Amt to be
2019 as of Jun 19 Balance Jul-19 Aug-19 Total Ave(2 mos.) Ave(2 mos.) released
PERSONAL EXPENSES
Salaries & Wages
S& W Regular 2,019,000.00 770,658.00 1,248,342.00 250,000.00 250,000.00 500,000.00 245,865.17 256,886.00 256,900.00 ###
Other Compensation - ###
PERA 120,000.00 60,000.00 60,000.00 10,000.00 10,000.00 20,000.00 20,000.00 20,000.00 20,000.00 ###
Representation Allowance - 0.00 0.00 - 0.00 - H.O.
Transportation Allowance - 0.00 0.00 - 0.00 -
Clothing Allowance 30,000.00 6,000.00 24,000.00 0.00 5,000.00 2,000.00 - H.O.
Performance bonus 96,700.00 - 96,700.00 0.00 11,806.57 0.00 - ###
Productivity Incentive Allowance - 0.00 0.00 - 0.00 - H.O.
Other Bonuses and Allowances - ###
Anniversary Bonus 178,200.00 140,709.00 37,491.00 0.00 22,471.67 46,903.00 - H.O.
13th Month Pay 178,200.00 - 178,200.00 0.00 22,577.50 0.00 - H.O.
Medical Benefits - 2,500.00 (2,500.00) 0.00 416.67 833.33 - H.O.
Employees Meal Subsidy - 366.00 (366.00) 70.00 70.00 140.00 124.50 122.00 - H.O.
Children Allowance - - 0.00 - - 0.00 - 0.00 - ###
Rice Subsidy - 10,200.00 (10,200.00) 1,700.00 1,700.00 3,400.00 3,400.00 3,400.00 - H.O.
Food Subsidy - 3,000.00 (3,000.00) 500.00 500.00 1,000.00 1,000.00 1,000.00 - H.O.
Terminal Leave Pay 0.00 - 0.00 ###
Loyalty Service Award - 0.00 - 0.00 H.O.
Mid Year Bonus 168,200.00 25,545.00 142,655.00 20,427.33 8,515.00
Cash Gift 25,000.00 - 25,000.00 0.00 4,166.67 0.00 - ###
Year End Bonus 168,200.00 - 168,200.00 0.00 17,428.34 0.00 - H.O.
Productivity Enhancement Incentive 25,000.00 - 25,000.00 0.00 4,166.67 0.00 - H.O.
Personnel Benefits Contributions - ###
Life & Ret. Ins. Premium 242,200.00 92,478.96 149,721.04 14,707.68 14,707.68 29,415.36 29,503.82 30,826.32 30,900.00 ###
Pag-Ibig Contributions 6,000.00 3,000.00 3,000.00 500.00 500.00 1,000.00 950.00 1,000.00 1,000.00 ###
Philhealth Contributions 23,600.00 10,610.95 12,989.05 1,700.00 1,700.00 3,400.00 3,319.24 3,536.98 3,600.00 ###
State Insurance Premium 6,000.00 3,000.00 3,000.00 500.00 500.00 1,000.00 966.67 1,000.00 1,000.00 ###
Other Personnel Benefits - ###
Provident Fund Benefits 302,800.00 115,598.70 187,201.30 18,384.60 18,384.60 36,769.20 36,879.78 38,532.90 - H.O.
Terminal Leave Pay - 0.00 ###
TOTAL PERSONAL SERVICES 3,589,100.00 1,243,666.61 2,345,433.39 298,062.28 298,062.28 596,124.56 450,470.59 414,555.54 313,400.00 ###
MAINTENANCE & OTHER OPERATING EXPENSES ###
Travelling Expenses-Local 327,000.00 242,266.95 84,733.05 70,000.00 70,000.00 140,000.00 52,756.84 80,755.65 52,800.00 ###
Supplies & Materials Exp. - ###
Office Supplies Expenses 634,000.00 47,738.03 586,261.97 15,000.00 15,000.00 30,000.00 13,474.40 15,912.68 13,500.00 ###
Accountable Forms Exp 15,000.00 10,352.27 4,647.73 3,000.00 3,000.00 6,000.00 1,934.35 3,450.76 2,000.00 ###
Drug & Medicines Exp 10,000.00 10,000.00 0.00 - 0.00 - ###
Fuel, Oil & Lub.Exp. 1,700,000.00 1,270,061.20 429,938.80 50,000.00 50,000.00 100,000.00 386,090.64 423,353.73 100,000.00 ###
Other Supplies Expenses 772,000.00 700,848.36 71,151.64 170,000.00 170,000.00 340,000.00 143,520.60 233,616.12 143,600.00 ###
Utility Expenses - ###
Water Expenses 571,600.00 1,171,105.18 (599,505.18) 250,000.00 250,000.00 500,000.00 115,882.14 390,368.39 -
Electricity Expenses 800,000.00 - 800,000.00 340,000.00 340,000.00 680,000.00 - 0.00 680,000.00 ###
Cooking Gas Expenses 121,000.00 60,290.13 60,709.87 14,000.00 14,000.00 28,000.00 22,712.80 20,096.71 20,100.00 ###
Communication Expenses ###
ENTITY-Balicasag Island Dive Resort
Fund Requirements for the Month of July-August 2019
June 2019
As at June 30, 2019
Budget Actual Available Projected Cash Flow CY 2018 CY2019 Amt to be
2019 as of Jun 19 Balance Jul-19 Aug-19 Total Ave(2 mos.) Ave(2 mos.) released
Postage and Deliveries 21,600.00 18,065.93 3,534.07 6,000.00 6,000.00 12,000.00 3,598.74 6,021.98 3,600.00 ###
Telephone - Landline - - 0.00 - - 0.00 - 0.00 - ###
Telephone - Mobile 61,200.00 23,290.90 37,909.10 6,000.00 6,000.00 12,000.00 6,329.83 7,763.63 6,800.00 fixed
Internet Services 15,000.00 1,466.00 13,534.00 1,500.00 1,500.00 3,000.00 734.85 488.67 1,500.00 fixed
Cable,Sat.,Telegraph,& Radio Exp. 25,200.00 10,013.30 15,186.70 3,000.00 3,000.00 6,000.00 1,890.00 3,337.77 1,350.00 fixed
Rent Expense 180,000.00 - 180,000.00 - - 0.00 - - - ###
Representation Expense 84,000.00 34,215.06 49,784.94 7,000.00 7,000.00 14,000.00 12,804.85 11,405.02 14,000.00 fixed
Transportation & Delivery Expenses 342,000.00 221,098.98 120,901.02 45,000.00 45,000.00 90,000.00 72,635.90 73,699.66 72,700.00 ###
Advertising Expenses - - 0.00 0.00 - 0.00 - ###
Subscription Expenses 5,000.00 - 5,000.00 0.00 - 0.00 - ###
Professional Expenses - ###
Security Services* 920,000.00 363,121.86 556,878.14 45,000.00 45,000.00 90,000.00 123,427.99 121,040.62 H.O.
Other Professional Services 4,245,300.00 2,710,658.64 1,534,641.36 360,000.00 360,000.00 720,000.00 681,682.99 903,552.88 903,600.00 Actual Current
Repairs and Maintenance ###
Land Improvements 45,000.00 45,000.00 0.00 5,000.00 5,000.00 10,000.00 153.33 15,000.00 200.00 ###
Bldg. & structures 229,000.00 180,932.06 48,067.94 82,000.00 82,000.00 164,000.00 11,624.67 60,310.69 11,700.00 ###
Office Equipment, Furnitures & Fixtures 0.00 ###
Office Equipment 15,000.00 - 15,000.00 0.00 - 0.00 - ###
Furnitures & Fixtures - - 0.00 5,000.00 5,000.00 10,000.00 - 0.00 - ###
IT Equip & Software 14,000.00 - 14,000.00 2,000.00 2,000.00 4,000.00 709.82 0.00 800.00 ###
Communication Equip. 15,000.00 - 15,000.00 0.00 - 0.00 ###
OM & Equip 376,000.00 140,714.82 235,285.18 50,000.00 50,000.00 100,000.00 30,546.90 46,904.94 30,600.00 ###
Transpo Equip/Motor Vehicles 85,000.00 13,767.62 71,232.38 10,000.00 10,000.00 20,000.00 8,300.79 4,589.21 4,600.00 ###
Transpo Equip/Watercraft 580,000.00 433,763.81 146,236.19 110,000.00 110,000.00 220,000.00 6,153.59 144,587.94 6,200.00 ###
Taxes, Insurance Premiums and Other Fees ###
Taxes, Duties & Lincenses 1,000,000.00 936,653.48 63,346.52 50,000.00 50,000.00 100,000.00 141,239.50 312,217.83 100,000.00 ###
Fidelity Bond Premiums 30,000.00 18,215.45 11,784.55 0.00 6,219.96 6,071.82 - H.O.
Insurance Expense 214,000.00 92,410.41 121,589.59 16,000.00 16,000.00 32,000.00 31,655.79 30,803.47 - H.O.
Other Maintenance & Operating Expenses 0.00 - ###
Promotional Expenses A 110,000.00 68,705.33 41,294.67 30,000.00 30,000.00 60,000.00 12,162.45 22,901.78 12,200.00 ###
Others (miscellaneous) 96,000.00 127,662.49 (31,662.49) 53,000.00 53,000.00 106,000.00 23,194.45 42,554.16 - ###
Bank Charges 2,200.00 - 2,200.00 0.00 510.00 0.00 600.00 ###
Other Financial Charges 200,000.00 57,000.60 142,999.40 50,000.00 50,000.00 100,000.00 7,450.09 19,000.20 7,500.00 ###
Total MOOE & FINANCIAL EXPENS ### 8,999,418.87 4,861,681.13 ### ### 3,697,000.00 1,919,398.28 2,999,806.29 2,189,950.00 ###
Cost of Sales 1,783,000.00 1,374,612.32 408,387.68 300,000.00 300,000.00 600,000.00 456,994.97 458,204.11 458,200.00 ###
TOTAL EXPENDITURES ### ### 7,615,502.20 ### ### 4,893,124.56 2,826,863.83 3,872,565.93 2,961,550.00 ###
 TOURISM INFRASTRUCTURE AND ENTERPRISE ZONE AUTHORITY
Balicasag Island Dive Resort
PROJECTED STATEMENT OF CASH FLOW
As at June 30, 2019
July August
Cash Balance - Beginning 8,108.97 8,046.69
Add : Cash Inflow
I. Operating Revenues
Trading/Production
Restaurant 850,000.00 850,000.00
Bar 50,000.00 50,000.00
Sundry Income 1,500.00 1,500.00
Scuba Diving Equipment Rental 200,000.00 200,000.00
Transport Services 50,000.00 50,000.00
Entrance Fee - -
Bakeshop 40,000.00 40,000.00
Miscellaneous Income 20,000.00 20,000.00
Total Operating Revenues 1,211,500.00 1,211,500.00
II. Other Sources
Transfer of Funds 1,700,000.00 1,700,000.00
Trust Liabilities-Others 50,000.00 50,000.00
Deferred Credit to Income ###
Collection of Receivables 240,000.00 240,000.00
Total Other Sources 1,990,000.00 1,990,000.00
Total Cash Inflows 3,201,500.00 3,201,500.00
Total Cash Available 3,209,608.97 3,209,546.69
###
Less: Cash Outflows ###
Personal Services ###
Salaries & Wages & Other forms of Allowances/Compensation 250,000.00 250,000.00
Life & Retirement Insurance Premium 14,707.68 14,707.68
Pag-ibig Fund Premium 500.00 500.00
Medicare Premium 1,700.00 1,700.00
State Insurance Premium 500.00 500.00
Employees' Welfare Fund 18,384.60 18,384.60
Commutable allowances/Fringe Benefits ###
Employee's Meals Subsidy 70.00 70.00
Children's Allowance - -
Rice Subsidy 1,700.00 1,700.00
Food Subsidy 500.00 500.00
Personnel Economic Relief Allowance 10,000.00 10,000.00
Total Personal Services 298,062.28 298,062.28

###
2 ###
Travelling Expenses 70,000.00 70,000.00
Supplies & Materials ###
Office Supplies Expenses 15,000.00 15,000.00
Accountable Forms Expenses 3,000.00 3,000.00
Gasoline, Oil and Lubricants 50,000.00 50,000.00
Other Supplies Expenses 170,000.00 170,000.00
###
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 TOURISM INFRASTRUCTURE AND ENTERPRISE ZONE AUTHORITY
Balicasag Island Dive Resort
PROJECTED STATEMENT OF CASH FLOW
As at June 30, 2019
July August
Utility Expenses ###
Water Expenses 250,000.00 250,000.00
Electricity Expenses 340,000.00 340,000.00
Cooking Gas Expenses 14,000.00 14,000.00
Communication Expenses ###
Postage and Deliveries 6,000.00 6,000.00
Telephone Expenses-Landline - -
Telephone Expenses-Mobile 6,000.00 6,000.00
Cable, Satelite, Telegraph and Radio Exp. 3,000.00 3,000.00
Internet Expenses 1,500.00 1,500.00
Rent Expenses - -
Representation Expenses 7,000.00 7,000.00
Transportation and Delivery Expenses 45,000.00 45,000.00
Professional Services ###
- Security Services 45,000.00 45,000.00
- Contract of Service 360,000.00 360,000.00
Repairs & Maintenance- Land Improvements 5,000.00 5,000.00
Repairs & Maintenance- Furniture & Equipments 5,000.00 5,000.00
Repairs & Maintenance- Other Mach & Equipments 50,000.00 50,000.00
Repairs & Maintenance- Buildings/Other Structures 82,000.00 82,000.00
Repairs & Maintenance- Motor Vehicle 10,000.00 10,000.00
Repairs & Maintenance- Watercraft 110,000.00 110,000.00
Repairs & Maintenance- IT Equipment & Softwares 2,000.00 2,000.00
Taxes, Duties & Fees 50,000.00 50,000.00
Insurance Expenses 16,000.00 16,000.00
Other Operating Expenses ###
- Commission 7,000.00 7,000.00
- Staff Development 6,000.00 6,000.00
- Promotional 30,000.00 30,000.00
- Miscellaneous 40,000.00 40,000.00
Other Financial Charges-Bank discounts/commissions 50,000.00 50,000.00
Trading/Production 300,000.00 300,000.00
Total Maintenance & Other ###
Operating Expenses 2,148,500.00 2,148,500.00
###
Payment of Liabilities ###
Remittance of Trust Liabilities ###
National Government Agencies 20,000.00 20,000.00
Government Owned &/or Controlled Corp. 50,000.00 50,000.00
Payment of Payables ###
Government Owned &/or Controlled Corp. 50,000.00 50,000.00
Trade/Business 500,000.00 500,000.00
Miscellaneous 135,000.00 135,000.00
Total Payment of Liabilities 755,000.00 755,000.00
3,201,562.28 3,201,562.28

Cash Balance - End 8,046.69 7,984.41

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