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    Jocelyn Aliday
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    The League of Municipalities of the Philippines (LMP) Davao del Norte Chapter reported total assets of 59,198.25 PHP as of October 31, 2016. Liabilities included 22,570 PHP in accounts payable. For the month, revenues were 24,000 PHP in LMP dues and fees, while expenses totaled 24,120 PHP, resulting in a 120 PHP deficit.

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    10. October

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    The League of Municipalities of the Philippines (LMP) Davao del Norte Chapter reported total assets of 59,198.25 PHP as of October 31, 2016. Liabilities included 22,570 PHP in accounts payable. For the month, revenues were 24,000 PHP in LMP dues and fees, while expenses totaled 24,120 PHP, resulting in a 120 PHP deficit.

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    © All Rights Reserved
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    Download as xlsx, pdf, or txt
    4 views5 pages

    Fund Balance, Beginning

    Uploaded by

    Jocelyn Aliday
    The League of Municipalities of the Philippines (LMP) Davao del Norte Chapter reported total assets of 59,198.25 PHP as of October 31, 2016. Liabilities included 22,570 PHP in accounts payable. For the month, revenues were 24,000 PHP in LMP dues and fees, while expenses totaled 24,120 PHP, resulting in a 120 PHP deficit.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 5

    REPUBLIC OF THE PHILIPPINES

    PROVINCE OF DAVAO DEL NORTE


    LEAGUE OF MUNICIPALITIES OF THE PHILIPPINES (LMP)
    DAVAO DEL NORTE CHAPTER

    STATEMENT OF ASSETS, LIABILITIES & FUND BALANACE


    As of October 31, 2016
    2016
    ASSETS

    Cash on Hand P 44,535.00


    Cash in Bank 663.25
    Accounts Receivable (see schedule 1) 14,000.00

    TOTAL ASSETS P 59,198.25

    LIABILITIES & FUND BALANCE

    Liabilities:

    Accounts Payable (Schedule 2) P 22,570.00

    Fund Balance:

    Fund Balance, beginning P 36,748.25


    Add: excess of Expenses over collection P (120.00)

    FUND BALANCE, October 31, 2016 P 36,628.25

    TOTAL LIABILITIES & FUND BALANCE P 59,198.25

    Prepared by: Noted by:

    HON. ATTY. LEAH MARIE MORAL-ROMANO HON. MARIA THERESA R. TIMBOL


    League Treasurer League President
    REPUBLIC OF THE PHILIPPINES
    PROVINCE OF DAVAO DEL NORTE
    LEAGUE OF MUNICIPALITIES OF THE PHILIPPINES (LMP)
    DAVAO DEL NORTE CHAPTER

    STATEMENT OF REVENUE & EXPENSES


    For the Month Ended October 31, 2016

    REVENUE:
    LMP Dues/ Fees P 24,000.00

    TOTAL REVENUE P 24,000.00

    EXPENSES:
    Supplies P 1,550.00
    Accommodation/venue 22,570.00

    TOTAL EXPENSES P 24,120.00

    Excess of Collection over expenses P (120.00)

    Prepared By: Noted By:

    HON. ATTY. LEAH MARIE MORAL-ROMANO HON. MARIA THERESA R. TIMBOL


    League Treasurer League President
    SCHEDULE 1

    REPUBLIC OF THE PHILIPPINES


    PROVINCE OF DAVAO DEL NORTE
    LEAGUE OF MUNICIPALITIES OF THE PHILIPPINES (LMP)
    DAVAO DEL NORTE CHAPTER

    Accounts Receivable - LMP Dues/ Fees


    October 31, 2016

    LGU Name Amount


    San Isidro Hon. Arnel H. Sitoy 3,000.00
    Talaingod Hon. Basilio A. Libayao 11,000.00
    TOTAL 14,000.00

    Prepared By: Noted By:

    HON. ATTY. LEAH MARIE MORAL-ROMANO HON. MARIA THERESA R. TIMBOL


    League Treasurer League President
    SCHEDULE 2

    REPUBLIC OF THE PHILIPPINES


    PROVINCE OF DAVAO DEL NORTE
    LEAGUE OF MUNICIPALITIES OF THE PHILIPPINES (LMP)
    DAVAO DEL NORTE CHAPTER

    Accounts Payable
    October 31, 2016

    LGU Name Amount


    Kapalong Hon. Maria Theresa R. Timbol 22,570.00
    TOTAL 22,570.00

    Prepared By: Noted By:

    HON. ATTY. LEAH MARIE MORAL-ROMANO HON. MARIA THERESA R. TIMBOL


    League Treasurer League President
    REPUBLIC OF THE PHILIPPINES
    PROVINCE OF DAVAO DEL NORTE
    LEAGUE OF MUNICIPALITIES OF THE PHILIPPINES (LMP)
    DAVAO DEL NORTE CHAPTER

    TRIAL BALANCE
    As of October 31, 2016

    DR CR

    Cash on Hand P 44,535.00


    Cash in Bank 663.25
    Accounts Receivable-LMP Dues/Fees 14,000.00
    Accounts Payable 22,570.00
    FUND BALANCE 36,748.25
    LMP Dues/ Fees Income 24,000.00
    Supplies 1,550.00
    Accommodation 22,570.00
    P 83,318.25 83,318.25

    Prepared By: Noted By:

    HON. ATTY. LEAH MARIE MORAL-ROMANO HON. MARIA THERESA R. TIMBOL


    League Treasurer League President

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