COMPARATIVE SUMMARY OF LOCAL GOVERNMENT INCOME

The annual income in 2001 amounted to Ninety Eight Million Nine Hundred Nineteen Thousand Six Hundred Sixty Nine and Fifty Five centavos (P98,919,669.55) while in year 2000 total revenue is only Ninety Two Million Four Hundred Eighty Five Thousand Six Hundred Eighty Nine Pesos & 77/100 centavos showing an increase of seven percent (7%).
A greater increase is significant in tax revenues .It shows an increase of twenty percent (20%) while IRA releases decreased by six percent (6%).

A. TAX COLLECTION

The City realizes the fact that taxation is the life-blood of government and its progress depends largely on it. Increase tax collection also depends on the ability of the LGU to fully mobilize local revenue resources. However, even if revenue collection is fully mobilized, proper planning, budgeting and controlling are also needed to be able to deliver the basic services to the constituents.

a. Real Property Tax

1. Current (CY 2001)

The total assessed value amounted to One Billion Four Hundred Ninety Three Million Fifty Six Thousand Five Hundred Seventy Seven Pesos (P1,493,056,577.00), while the value on exempt properties amounted to Two Hundred Sixty Two Million Two Hundred Eighty Two Thousand Seven Hundred Twenty Two Pesos (P262,282,722.00). The collectible (Net of 1% Basic Tax) has a total amount of Fourteen Million Nine Hundred Thirty Thousand Five Hundred Sixty Five Pesos and Seventy Seven Centavos ( P14,930,565.77). Actual collection in CY 2001 is Nine Million One Hundred Seven Six Thousand Seven Hundred Forty Five Pesos and 73/100 Centavos (P9,176,745.73). Forty percent is from municipal the share, 35% from provincial share and 25% from barangay share.

2. Delinquent/Penalties

Total collectible for year 2001 accounts to Seven Hundred Thousand Pesos (P700,000.00). while actual collection shared by the city totaled to One Million Three Hundred Ninety Eight Thousand Five Hundred Thirty Two Pesos and Sixty Nine Centavos (P1,398,532.69).

b. SPECIAL EDUCATION TAX

The actual collection on Special Education Tax totaled to Nine Million Two Hundred Thousand Three Hundred Seventy Four Pesos and Forty Six Centavos (P9,200,374.46), 59% from City share of Five million Four Hundred Three Thousand Eight Hundred Thirty Eight Pesos and Forty Six Centavos (P5,403,838.46), 40% from Provincial share of Three Million Six Hundred Seventy One Thousand Nine Hundred Eleven Pesos and Forty Three Centavos (P3,671,911.43) and 1% from National share of One Hundred Twenty Four Thousand Six Hundred Twenty Four Pesos and Fifty Seven centavos (P124,624.57).

RESOURCE ALLOCATION/UTILIZATION

The annual budget for the year 2001 is enacted through Appropriation Ordinance #III dated February 4, 2000.

The total appropriation for statutory and contractual obligation has an amount of Fourteen Million Three Hundred Ninety Five Thousand Five Hundred Eighty Eight Pesos and Sixty One Centavos (P14,395,588.61), while the amount for expenses is only Seven Million Four Hundred Thirty Five Thousand Five Hundred Seventeen Pesos and Fifty Eight Centavos (P7,435,517.58), therefore it has a balance of Six Million Nine Hundred Sixty Thousand Seventy One Pesos and Three Centavos (P6,960,071.03).

The total appropriated amount for personal services is Fifty Six Million Three Hundred Seventy Seven Thousand Seven Hundred Twenty Pesos (P56,377,720.00), while the amount expended is only Fifty Three Million Five Hundred Sixty Five Thousand Nine Hundred Thirty Three Pesos and Twenty Five Centavos (P53,565,933.25). There has a balance of an amount of Two Million Eight Hundred Eleven Thousand Seven Hundred Eighty Six Pesos and Seventy Five centavos (P2,811,786.75).

Appropriation Ordinance number 14, 16, 21, 03, 23, 25, 34 and 51 was enacted on March 1 and 12, April 11 May 25, August 15, September 4, October 17 and December 5 of 2001 respectively. These accumulated an amount of Twenty One Million Four Hundred Forty Six Thousand Three Hundred Eighty Six Pesos and Thirty Seven centavos (P 21,446,386.37).