DIVISION OF CITY SCHOOLS

San Carlos City, Pangasinan

STATEMENT OF CHANGES IN NET ASSETS/EQUITY
REGULAR AGENCY FUND
For the Year Ended December 31, 2021
(With Comparative Figures from CY 2020)
(In Philippine Peso)

Accumulated
(Surplus/(Deficit)

2021 2020

Balance, January 1 511,479,136.51 524,079,804.12

Changes in accounting policy - -

Material Errors/Unrecorded revenue/expenses - -
Prior period errors 55,942,564.68 -
Other adjustments - 6,218,054.85
567,421,701.19 530,297,858.97

Surplus/(Deficit) for the period 61,226,571.08 (18,818,722.46)

Adjustment of net revenue recognized directly in net - -
assets/equity - -
Total recognized revenue and expense for the period - -

Balance at December 31 628,648,272.27 511,479,136.51