Variance Report Summary

As of May, 2016

Page 1

CENTRAL 2A
For The Month
Title

Account Desc

Actual

Budget

Year To Date
Variance

Actual

Budget

FINANCIAL INCOME
400000

INT ON LOAN -TKP

410000

INT ON LOAN MASIKAP

420000

INT ON LOAN TMP

430000

INT ON LOAN - TPP

440001

INT ON LOAN-SAKBAYAN

440002

INT ON LOAN-ILAP

440003

PENALTY FEES

440004

INT. ON LOAN-MICROHEALTH

440005

INT. ON LOAN-BLIP

450001

INCOME FROM PRETERM FEE

450002

SERVICE FEE
SUBTOTAL

2,216,382.31

2,792,504.89

(576,122.58)

10,497,319.69

11,266,561.08

1,428.47

(1,428.47)

66,080.85

112,467.29

(46,386.44)

313,826.17

376,516.44

23,234.08

50,600.00

(27,365.92)

229,918.84

(14,500.00)

1,441.00

1,441.00

3,743.55

82,374.25

82,374.25

394,577.56

5,943.00

5,943.00

18,825.00

7,142.33

2,395,455.49

2,957,000.65

(561,545.16)

11,458,210.81

11,635,719.85

FINANCIAL COST
500002

INTEREST EXP ON CBU-TODA

500003

INTEREST EXP ON CBU-TKP

99,996.24

107,387.45

(7,391.21)

491,434.28

529,997.65

500004

INTEREST EXP ON CBU-TMP

2,658.34

2,018.77

639.57

10,800.83

9,852.57

500005

INTEREST EXP ON CBU-MASIKAP

180.53

2,335.45

500006

INTEREST EXP ON CBU-TPP

510000

LOAN INT/PROCESSING FEES

SUBTOTAL

180.53
1,217.75

1,325.80

(108.05)

5,907.76

6,693.99

37,619.55

43,283.40

(5,663.85)

249,939.23

234,304.79

141,672.41

154,015.42

(12,343.01)

760,417.55

780,849.00

GUARANTEE FEES & PREMIUMS

520001

BANK CHARGE-AGFP

1,583.22

3,698.68

(2,115.46)

3,748.45

9,246.70

520002

TPP INSURANCE SUBSIDY

EXPENSE
SUBTOTAL

2,012.80

13,508.00

(11,495.20)

6,028.21

33,770.00

3,596.02

17,206.68

(13,610.66)

9,776.66

43,016.70

GRT/VAT/DOC STAMP TAXES

530001

VAT EXPENSE

Variance Report Summary

As of May, 2016
530002

DOCUMENTARY STAMPS

660002

GRT EXPENSE

Page 1

SUBTOTAL
GROSS FINANCIAL MARGIN

2,250,187.06

2,785,778.54

(535,591.48)

10,688,016.60

10,811,854.15

2,250,187.06

2,785,778.54

(535,591.48)

10,688,016.60

10,811,854.15

PROVISION FOR LOAN LOSSES

540000
550000

PROV ON IMPAIRMENT LOAN

LOSSES
PROV ON IMPAIRMENT-MASIKAP

560000

PROV ON IMPAIRMENT-TMP

570000

PROV ON IMPAIRMENT-TPP

580001

PROV IMPRMNTLOSSESMICROHEALTH
PROV IMPRMNTLOSSES-BLIP

580002

SUBTOTAL
NET FINANCIAL MARGIN

SALARIES, WAGES AND EMPLOYEE BENEFITS

600001

SALARIES AND WAGES

637,256.18

626,232.47

11,023.71

3,241,931.57

3,285,510.88

600002

PERFORMANCE BONUS

206,733.58

54,116.82

152,616.76

612,771.57

531,192.14

600003
600004

PERFORMANCE INCENTIVE
AWARD
COST OF LIVING ALLOWANCE

600005

OTHER BONUSES (NON-TAXABLE)

600006

PAG-IBIG CONT

4,700.00

4,813.33

(113.33)

23,700.00

25,389.38

600007

SSS/EC CONT

43,892.30

48,163.25

(4,270.95)

227,989.10

251,568.00

600008

OTHER BENEFITS

83,856.92

82,275.91

1,581.01

395,548.61

443,875.70

600009

13TH MONTH PAY

2,291.67

40,883.20

(38,591.53)

270,288.50

260,078.74

600010

CONTR TO RET FUND

24,010.17

(24,010.17)

600011

PHILHEALTH CONT

7,137.50

7,298.48

(160.98)

35,912.50

37,421.05

600012

PERSONNEL RECRUITMENT

600013

REPRESENTATION

2,991.65

2,515.18

476.47

14,439.04

12,164.70

600014

RETREAT EXPENSE

600015

ANNIV/CHRISTMAS EXPENSE
988,859.80

890,308.81

98,550.99

4,822,580.89

4,967,251.45

SUBTOTAL

120,050.85

Variance Report Summary

As of May, 2016

Page 1

TRANSPORTATION, MEALS AND LODGING

700001

GAS & TRANSPORTATION

700002

LOCAL TRAVEL

700003

FOREIGN TRAVEL

700004

PROJ EXP-GAS & TRANS

700005

PROJ EXP-MEALS

700006

PROJ.EXP.-LODGING

700007

TRAVELLING EXPENSE

700008

PROJECT COST-HOUSING
SUBTOTAL

82.00

4,995.85

(4,913.85)

1,141.00

23,091.25

105,505.50

83,913.73

21,591.77

494,885.40

457,420.68

12,392.00

9,841.07

2,550.93

65,774.10

48,699.39

1,221.36

(1,221.36)

1,250.00

2,442.71

117,979.50

99,972.01

18,007.49

563,050.50

531,654.03

90,461.38

81,323.82

9,137.56

410,437.74

421,587.48

7,775.13

3,842.93

3,932.20

29,594.48

34,730.60

RENT, UTILITIES AND MAINTENANCE

620001

RENT EXPENSE

620002

REPAIRS & MAINTENANCE

620003

JANITOR/MESSGRL

15,400.00

13,368.59

2,031.41

72,250.00

67,502.49

620004

LIGHT AND WATER

62,748.87

62,039.78

709.09

206,900.91

207,710.10

176,385.38

160,575.12

15,810.27

719,183.13

731,530.67

30,171.74

100,404.47

(70,232.73)

218,322.09

267,480.19

620005

SECURITY
SUBTOTAL

OFFICE SUPPLIES
630001

BOOKS,PERIODICLS &JOURNLS

630002

PRINTING,STATIONERY&OFF SUPP

630003
630004

COLLECTIONS ON
ID,PB&STICKERS
DELIVERY/FREIGHT EXP

680001

PUBLICATIONS
SUBTOTAL

(203.29)

30,171.74

100,404.47

(70,232.73)

218,322.09

267,276.91

27,183.12

11,423.57

15,759.55

113,987.16

111,222.78

606.00

428.06

177.94

4,525.00

6,501.46

POSTAGE, TELEPHONE AND COMMUNICATION

640001

TELEPHONE & COMM.

640002

POSTAGE

640003

COMMUNICATION-CREDIT IN
SUBTOTAL

(4,478.00)
27,789.12

11,851.63

15,937.49

114,034.16

117,724.24

DEPRECIATION EXPENSE

5,925.56

8,969.67

(3,044.11)

35,437.86

46,063.27

SUBTOTAL

5,925.56

8,969.67

(3,044.11)

35,437.86

46,063.27

DEPRECIATION AND AMORTIZATION EXPENSE

650001

TRAININGS & MEETINGS

Variance Report Summary

As of May, 2016
800001

PROJECT EXP- OTHERS

800002

MEETGS & CONFERENCES

800003

PROJ.EXP-TRANSFORM.

800004

EDUC ASSISTANCE

800005

PROJECT EXPENSE-TMP

800006

TSPI - PRE SCHOOL

800007

TXTBILIS PROJECT

800008

ADVANCE CASH FLOW TRAINING

800017

BENEFICIARY TRAINING

800018

STAFF TRAINING

800020

PROJECT EXPENSE-25 WKS

800023

TRAINING/WORKSHOP
SUBTOTAL

Page 1

7,030.70

5,289.74

1,740.96

43,095.35

28,285.76

1,175.00

3,445.05

(2,270.05)

5,893.25

16,089.38

8,362.65

(8,362.65)

5,869.00

48,408.47

17,097.44

(8,891.74)

54,857.60

92,783.61

63,532.06

63,252.67

8,205.70

TAXES AND LICENCES

660001

TAXES AND LICENCES

660003

INSURANCE

660004

MEMBERSHIP DUES

660005

DUES & SUBSCRIPTIONS

SUBTOTAL

4,040.60

(4,040.60)

4,040.60

4,040.60

(4,040.60)

63,532.06

67,293.27

400.00

(295.00)

374.52

1,900.00

PROFESSIONAL FEES
670001

PROFESSIONAL FEES

670002

PROJECT CONSULTANCY
SUBTOTAL

OTHERS/MISCELLANEOUS EXPENSE
960001

BANK CHARGES

960002

DONATION & CONTRIBTN

960003

MISCELLANEOUS EXPENSE

960004
960005

DOUBTFUL ACCT EXP-RESIGNED

EMP
LITIGATION EXPENSE

960006

MANAGEMENT AUDIT EXPENSE

960007

GAIN/LOSS-SALE OF ASSETS

960008

LOSS DUE TO HOLD-UP

960009

PROVFORLOSSESUNINSUREDBANKBAL

105.00

1,000.00
834.19

4,500.00

(3,665.81)

4,040.19

22,500.00

Variance Report Summary

As of May, 2016
960010
960011
960012

Page 1

PROV. IMPAIRMENTACQUIREDASSET
LOSS ON REVALUATION
LOSS DUE TO COUNTERFEIT
BILLS
SUBTOTAL

939.19

4,900.00

(3,960.81)

4,414.71

25,400.00

CALAMITY EXPENSE
820001

CALAMITY EXPENSE
SUBTOTAL

OTHER INCOME
910001

INT INC-DEP/PLACEMNT

910002

FX GAIN/LOSS

910003

COLLECTIONS-W/OFF

910004

OTHER INCOME

910005

OTHER INCOME-ASSETS

910006

ADMIN FEES FOR HOUSING

LOANS
PHILHEALTH PREMIUM DISCOUNT

(28,651.02)

(28,651.02)

(158,771.35)

SUBTOTAL

(28,651.02)

(28,651.02)

(186,790.37)

910007

TOTAL PROGRAM EXPENSES

PROGRAM CONTRIBUTION MARGIN

(1,353.24)

11,968.95
(38,634.73)

1,327,604.97

1,298,119.74

29,485.23

6,408,622.63

6,846,977.44

922,582.09

1,487,658.80

(565,076.71)

4,279,393.97

3,964,876.71

Page 1 of 1

Variance

(769,241.39)
(7,142.33)
(62,690.27)
244,418.84

3,743.55

394,577.56
18,825.00
(177,509.04)

(38,563.37)
948.26
2,335.45
(786.23)
15,634.44
(20,431.45)

(5,498.25)
(27,741.79)
(33,240.04)

Page 1 of 1

(123,837.55)

(123,837.55)

(43,579.31)
81,579.43

(1,689.38)
(23,578.90)
(48,327.09)
10,209.76
(120,050.85)
(1,508.55)

2,274.34

(144,670.56)

Page 1 of 1

(21,950.25)

37,464.72
17,074.71
(1,192.71)

31,396.47

(11,149.74)
(5,136.12)
4,747.51
(809.19)

(12,347.54)

(49,158.10)
203.29

(48,954.82)

2,764.38
(1,976.46)
(4,478.00)
(3,690.08)

(10,625.41)
(10,625.41)

Page 1 of 1

14,809.59

(10,196.13)
(42,539.47)

(37,926.01)

279.39
(4,040.60)

(3,761.21)

(1,525.48)
(1,000.00)
(18,459.81)

Page 1 of 1

(20,985.29)

(1,353.24)

11,968.95
(38,634.73)

(158,771.35)

(186,790.37)
(438,354.81)
314,517.26