Annex A-1

Page 1 of 7

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

ASSETS CURRENT ASSETS CASH Cash on Hand Cash in Vault Cash-Disbursing Officers Petty Cash Fund Payroll Fund/Cash Advance for Payroll Cash in Banks-Local Currency Cash in Bank -Local Currency, Current Account Cash in Bank -Local Currency, Savings Account Cash in Bank -Local Currency, Time Deposits Cash in Banks- Foreign Currency Cash in Bank - Foreign Currency, Current Account Cash in Bank - Foreign Currency, Savings Account Cash in Bank -Foreign Currency, Time Deposits Total Cash RECEIVABLES Receivable Accounts Accounts Receivable Notes Receivables Due from Officers and Employees Loans Receivables-GOCCs Loans Receivables-LGUs Loans Receivables-Others Real Property Tax Receivable Special Education Tax Receivable Interests Receivable Inter-agency Receivables Due from NGAs Due from GOCCs Due from LGUs Due from NGOs/Pos

372,359.70 62,420.00 133,755,218.46 32,524,412.19 2,378,384.05 169,092,794.40

2,720.00 3,151,700.00 3,124,639.63 102,904,924.22 542,384.76 3,916.60 227,308.99 14,508,987.41

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

Annex A-1

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Intra-agency Receivables Due from Other Funds Other Receivables Receivables - Disallowances/Charges Advances to Officers and Employees Other Receivables Total Receivables INVENTORIES Materials Raw Materials Inventory Work-in Process Inventory Finished Goods Inventory Merchandise Inventory Supplies Office Supplies Inventory Accountable Forms Inventory Animal/Zoological Supplies Inventory Food Supplies Inventory Drugs and Medicines Inventory Medical, Dental and Laboratory Supplies Inventory Gasoline, Oil and Lubricants Inventory Agricultural Supplies Inventory Textbooks and Instructional Materials Inventory Military and Police Supplies Inventory Other Supplies Inventory Confiscated/Abandoned/Seized Goods Inventory Spare Parts Inventory Construction Materials Inventory Agricultural, Fishery and Forestry Products Livestock Inventory Crops and Fruits Inventory Other Agricultural, Fishery and Forestry Products Inventory Total Inventories

68,756,524.57 4,057,826.58 1,683,759.66 198,964,692.42

1,908,000.00 1,908,000.00

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

Annex A-1

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PREPAYMENTS Prepaid Rent Prepaid Insurance Prepaid Interest Deposit on Letters of Credit Advances to Contractors Deferred Charges Other Prepaid Expenses Total Prepayments OTHER CURRENT ASSETS Guaranty Deposits Other Current Assets Total Other Current Assets TOTAL CURRENT ASSETS INVESTMENTS INVESTMENT IN SECURITIES Investment in Treasury Bills Investments in Stocks Investments in Bonds Other Investments and Marketable Securities SINKING FUND Sinking Fund Total Investment PROPERTY, PLANT AND EQUIPMENT LAND AND LAND IMPROVEMENTS Land Land Improvements Electrification, Power and Energy Structures Total Land and Land Improvements BUILDINGS Office Buildings School Buildings Hospitals and Health Centers Markets and Slaughterhouses Other Structures Total Buildings

9,164,434.32 9,164,434.32 379,129,921.14

77,619,058.49 17,945,139.66 4,238,138.28 99,802,336.43 11,894,231.21 9,278,899.88 948,480.56 4,308,214.91 15,759,808.84 42,189,635.40

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

Annex A-1

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LEASEHOLD IMPROVEMENTS Leasehold Improvements, Land Leasehold Improvements, Buildings Other Leasehold Improvements Total Leasehold Improvements OFFICE EQUIPMENT, FURNITURE AND FIXTURES Office Equipment Furniture and Fixtures IT Equipment and Software Library Books Total Office Equipment, Furniture and Fixtures MACHINERIES AND EQUIPMENT Machineries Agricultural, Fishery and Forestry Equipment Communication Equipment Construction and Heavy Equipment Firefighting Equipment and Accessories Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Sports Equipment Technical and Scientific Equipment Other Machineries and Equipment Total Machineries and Equipment TRANSPORTATION EQUIPMENT Motor Vehicles Watercrafts Other Transportation Equipment Total Transportation Equipment OTHER PROPERTY, PLANT AND EQUIPMENT Other Property, Plant and Equipment Total Other Property, Plant and Equipment

9,998,954.28 9,300,669.51 9,558,991.96 2,934,117.51 31,792,733.26 1,317,044.58 5,501,090.35 23,546,972.88 1,368,250.45 2,289,458.25 343,781.50 283,840.58 413,684.67 3,129,203.17 38,193,326.43 27,350,098.61 3,074,073.29 95,198.36 30,519,370.26 5,861,016.39 5,861,016.39

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

Annex A-1

Page 5 of 7

PUBLIC INFRASTRUCTURE Roads, Highways and Bridges Parks, Plazas and Monuments Ports, Lighthouses and Harbors Artesian Wells, Reservoirs, Pumping Stations and Conduits Irrigation, Canals and Laterals Flood Controls Waterways, Aqueducts, Seawalls, River Walls and Others Other Public Infrastructures Total Public Infrastructure REFORESTATION PROJECTS Reforestation - Upland Reforestation - Marshland/Swampland Total Reforestation Projects CONSTRUCTION IN PROGRESS Construction in Progress - Agency Assets Public Infrastructures/Reforestation Projects Construction in Progress -Roads, Highways and Bridges Construction in Progress -Plazas, Parks and Monuments Construction in Progress -Ports, Lighthouses and Harbors Construction in Progress -Artesian, Wells, Reservoirs, Pumping Stations and Conduits Construction in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls Construction in Progress - Waterways, Aqueducts, Seawalls River Walls and Others Construction in Progress - Other Public Infrastructures Construction in Progress - Reforestation - Upland Construction in Progress - Reforestation - Marshland/ Swampland Total Construction in Progress Total Property, Plant and Equipment

22,327,992.43 156,342.39 97,117.50 949,308.65 23,530,760.97 307,658,004.60 158,814,387.03 418,439.65 23,100.00 18,973,239.07 5,829,727.57 14,585,701.14 15,207,200.16 355,345.05 521,865,144.27 793,754,323.41

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

Annex A-1

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OTHER ASSETS Work/Other Animals Breeding Stocks Arts, Archeological Speciment and Other Exhibits Items in Transit Other Assets Total Other Assets TOTAL ASSET LIABILITIES CURRENT LIABILITIES Payable Accounts Accounts Payable Notes Payable Due to Officers and Employees Interest Payable Inter-Agency Payables Due to BIR Due to GSIS Due to PAG-IBIG Due to PHILHEALTH Due to Other NGAs Due to Other GOCCs Due to LGUs Intra-Agency Payables Due to Other Funds Other Liability Accounts Guaranty Deposits Payable Performance/Bidders/Bail Bonds Payable Tax Refunds Payable Other Payables Total Current Liabilities

121,180.00 13,029,916.42 13,151,096.42 1,186,035,340.97

49,927,481.21 78,485.00 603,685.66 1,755,064.87 (20,783.74) 16,063.91 1,055,810.86 242,160.59 2,402,896.66 9,764.27 3,762,612.40 (1,489,795.11) 58,343,446.58

City of Himamaylan BALANCE SHEET As of December 31, 2010 GENERAL FUND

Annex A-1

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LONG-TERM LIABILITIES Mortgate/Bonds/Loans Payable Mortgage Payable Bonds Payable - Domestic Loans Payable - Domestic Loans Payable - Foreign Other Long-Term Liabilities Total Long-Term Liabilities TOTAL LIABILITIES DEFERRED CREDITS Deferred Real Property Tax Income Deferred Special Education Tax Income Other Deferred Credits Total Deferred Credits EQUITY Government Equity - Beg. Additions/(Deductions) to Beg. Bal. Adjusted Beg. Bal. Add: Retained Operating Surplus: Current Operations Prior Year's Adjustments Less: Transfer to Registry Public Infrastructures Reforestation Projects Government Equity, December 31, 2008 TOTAL LIABILITIES AND EQUITY

59,360,519.39 59,360,519.39 117,703,965.97 104,598,383.04 1,908,000.00 106,506,383.04 857,239,723.73 857,239,723.73 116,629,257.60 (12,043,989.37) 961,824,991.96 1,186,035,340.97

CERTIFIED CORRECT:

EFREN A. DELA ROSA City Accountant

Annex A-1.1
Page 1 of 6 City of Himamaylan STATEMENT OF INCOME AND EXPENSES For the period Ended December 31, 2009 GENERAL FUND TAX REVENUE Local Taxes Amusement Tax Business Tax Community Tax Franchise Tax Occupation Tax Printing and Publication Tax Property Transfer Tax Real Property Tax Less: Discount on Real Property Tax Real Property Tax on Idle Lands Special Assessment Tax Special Education Tax Less: Discount on Special Education Tax Tax on Delivery Trucks and Vans Tax on Sand, Gravel and Other Quarry Products Other Local Taxes Fines and Penalties- Local Taxes Total Local Taxes GENERAL INCOME ACCOUNTS Internal Revenue Allotment Permits and Licenses Fees on Weights and Measures Fishery Rental Fees Franchising and Licensing Fees Permit Fees Registration Fees Other Permits and Licenses Fines and Penalties- Permits and Licenses Total Permits and Licenses Service Income Affiliation Fees Athletic and Cultural Fees Clearance and Certification Fees Comprehensive Examination Fees Diploma and Graduation Fees Garbage Fees Inspection Fees Library Fees Medical, Dental and Laboratory Fees

81,458.45 2,259,904.99 555,736.90 10,116.80 237,247.58 3,536,307.05 (352,827.83) (366.20) 12,112.50 892,986.13 7,232,676.37 390,655,749.00 14,160.75 290,211.00 1,411,561.03 263,440.00 1,979,372.78 452,469.60 43,080.00 -

Annex A-1.1

Processing Fees Seminar Fees Toll and Terminal Fees Transcript of Records Fees Other Services Income Fines and Penalties - Service Income Total Service Income Business Income Hospital Fees Income from Canteen Operations Income from Cemetery Operations Income from Communication Facilities Income from Dormitory Operations Income from Markets Income from Slaughterhouse Income from Transportation System Income from Waterworks System Landing and Parking Fees Printing and Publication Income Rent Income Sales Revenue Cost of Goods Sold Net Sales Revenue Tuition Fees Other Business Income Fines and Penalties - Business Income Total Business Income Other Income Dividend Income Income from Grants and Donations Insurance Income Interest Income Sale of Confiscated/Abandoned/Seized Goods and Properties Share from Economic Zones Share from Expanded Value Added Tax Share from National Wealth Share from PAGCOR/PCSO Share from Tobaco Excise Tax Miscellaneous Income Other Fines and Penalties Total Other Income TOTAL OPERATING INCOME EXPENSES PERSONAL SERVICES Salaries and Wages Salaries and Wages - Regular

495,549.60 274,755.00 820,080.00 48,441.00 1,093,441.50 175,610.25 2,412,327.75 2,913,525.78 953,025.80 1,457,826.51 376,890.33 5,701,268.42 408,476,943.92

43,724,901.05

Annex A-1.1

Salaries and Wages - Military/Uniformed Salaries and Wages - Part-time Salaries and Wages - Substitute Salaries and Wages - Casual Salaries and Wages - Contractual Salaries and Wages - Emergency Other Compensation Personnel Economic Relief Allowance (PERA) Additional Compensation (ADCOM) Representation Allowance (RA) Transportation Allowance (TA) Clothing/Uniform Allowance Subsistence, Laundry and Quarter Allowance Productivity Incentive Allowance Other Bonuses and Allowances Honoraria Hazard Pay Longevity Pay Overtime and Night Pay Cash Gift Year End Bonus Personnel Benefits Contributions Life and Retirement Insurance Contributions PAG-IBIG Contributions PHILHEALTH Contributions ECC Contributions Other Personnel Benefits Pension Benefits - Civilian Retirement Benefits - Civilian Terminal Leave Benefits Health Workers Benefits Other Personnel Benefits Total Personal Services MAINTENANCE AND OTHER OPERATING EXPENSES Travelling Expenses Travelling Expenses - Local Travelling Expenses - Foreign Training and Scholarship Expenses Training Expenses Scholarship Expenses Supplies and Material Expenses Office Supplies Expense Accountable Forms Expenses Animal/Zoological Supplies Expenses Food Supplies Expenses Drugs and Medicines Expenses

38,302.00 2,000.00 7,769,052.39 1,785,690.00 1,701,450.00 1,314,000.00 1,040,815.00 466,000.00 977,300.00 40,220.00 1,534,661.56 3,263,008.52 1,665,000.00 3,768,311.00 5,192,632.64 386,887.50 519,376.34 325,274.41 566,286.51 13,529,886.00 89,611,054.92

5,440,910.74 17,842.00 3,667,000.48 1,642,580.00 4,909,695.23 235,110.00 2,016,592.32

Annex A-1.1

Medical, Dental and Laboratory Supplies Expenses Gasoline, Oil and Lubrication Expenses Agricultural Supplies Expenses Textbooks and Instructional Materials Expenses Military and Police Supplies Expenses Other Supplies Expenses Utility Expenses Water Expenses Electricity Expenses Cooking Gas Expenses Communication Expenses Postage and Deliveries Telephone Expenses - Landline Telephone Expenses - Mobile Internet Expenses Cable, Satellite, Telegraph and Radio Expenses Membership Dues and Contributions to Organizations Awards and Indemnities Expenses Advertising Expense Printing and Binding Expenses Rent Expenses Representation Expenses Transportation and Delivery Expenses Storage Fees Subscriptions Expenses Survey Expenses Rewards and Other Claims Expenses Professional Services Legal Services Auditing Services Consultancy Services Environment/Sanitary Services General Services Janitorial Services Security Services Other Professional Services Repairs and Maintenance Land and Improvements Repairs and Maintenance - Land Improvements Repairs and Maintenance - Electrification, Power and Energy Structures Buildings Repairs and Maintenance - Office Buildings Repairs and Maintenance - School Buildings Repairs and Maintenance - Hospitals and Health Centers Repairs and Maintenance - Markets and Slaughterhouses Repairs and Maintenance - Other Structures

842,300.68 18,023,927.63 1,900,097.95 13,127,803.64 2,238,584.30 15,178,318.78 2,396.00 8,000.00 640,417.13 336,100.00 544,000.00 136,153.00 4,900.00 47,754.00 480,000.00 190,300.00

36,039.00 5,702,193.78 1,918,287.00 2,640,702.28 440,173.15 569,568.44 2,877,401.72

Annex A-1.1

Leasehold Improvements Repairs and Maintenance - Leasehold Improvements , Land Repairs and Maintenance - Leasehold Improvements, Buildings Repairs and Maintenance - Other Leasehold Improvements Office Equipment, Furniture and Fixtures Repairs and Maintenance - Office Equipment Repairs and Maintenance - Furniture and Fixtures Repairs and Maintenance - IT Equipment and Software Machineries and Equipment Repairs and Maintenance - Machineries Repairs and Maintenance - Agricultural, Fishery and Forestry Equipment Repairs and Maintenance - Communication Equipment Repairs and Maintenance - Construction and Heavy Equipment Repairs and Maintenance - Firefighting Equipment and Accessories Repairs and Maintenance - Hospital Equipment Repairs and Maintenance - Medical, Dental and Laboratory Equipment Repairs and Maintenance - Military and Police Equipment Repairs and Maintenance - Sports Equipment Repairs and Maintenance - Technical and Scientific Equipment Repairs and Maintenance - Other Machineries and Equipment Transportation Equipment Repairs and Maintenance - Motor Vehicles Repairs and Maintenance - Watercrafts Repairs and Maintenance - Other Transportation Equipment Other Property, Plant and Equipment Repairs and Maintenance - Other Property, Plant and Equipment Public Infrastructures Repairs and Maintenance - Roads, Highways and Bridges Repairs and Maintenance - Plazas, Parks and Monuments Repairs and Maintenance - Ports, Lighthouses and Harbors Repairs and Maintenance - Artesian Wells, Reservoirs, Pumping Stations and Conduits Repairs and Maintenance - Irrigation Canals and Laterals Repairs and Maintenance - Flood Controls Repairs and Maintenance - Waterways, Aqueducts, Seawalls, River/Walls and Others Repairs and Maintenance - Other Public Infrastructures Reforestation Projects Repairs and Maintenance - Reforestation- Upland Repairs and Maintenance - Reforestation - Marshland/ Swampland Confidential, Intelligence, Extraordinary and Miscellaneous Expenses Confidential Expenses Intelligence Expenses Extraordinary Expenses Miscellaneous Expenses

141,532.00 44,936.50 279,002.00 8,682.00 3,154,642.00 112,330.00 58,357.00 7,568,778.92 590.00 5,604,466.51 1,061,172.50 700,255.76 219,137.75 8,488.00 254,316.09 150,000.00 4,572.16

Annex A-1.1
Taxes, Insurance Premiums and Other Fees Taxes, Duties and Licenses Fidelity Bond Premiums Insurance Expenses Non-Cash Expenses Depreciation Land Improvements Depreciation - Land Improvements Depreciation - Electrification, Power and Energy Structures Buildings Depreciation - Office Buildings Depreciation - School Buildings Depreciation - Hospitals and Health Centers Depreciation - Markets and Slaughterhouses Depreciation -Other Structures Leasehold Improvements Depreciation - Leasehold Improvements, Land Depreciation - Leasehold Improvements, Buildings Depreciation - Other Leasehold Improvements Office Equipment, Furniture and Fixtures Depreciation -Office Equipment Depreciation -Furniture and Fixtures Depreciation - IT Equipment Depreciation -Library Books Machineries and Equipment Depreciation - Machineries Depreciation - Agricultural, Fishery and Forestry Equipment Depreciation -Communication Equipment Depreciation -Construction and Heavy Equipment Depreciation -Firefighting Equipment and Accessories Depreciation - Hospital Equipment Depreciation - Medical, Dental and Laboratory Equipment Depreciation - Military and Police Equipment Depreciation - Sports Equipment Depreciation - Technical and Scientific Equipment Depreciation -Other Machineries and Equipment Transportation and Equipment Depreciation - Motor Vehicles Depreciation -Watercrafts Depreciation -Other Transportation Equipment Other Property, Plant and Equipment Depreciation- Other Property, Plant and Equipment Depletion Obsolescence - IT Software

338,674.58 123,566.25 1,871,989.96

144,203.16 556,000.50 203,906.52 1,113,646.58 60,480.92 359,297.40 507,151.32 1,531,729.87 1,119,847.89 1,610,280.06 547,536.37 153,364.44 848,757.95 3,844,328.45 187,269.50 364,237.88 26,581.32 41,132.74 69,092.40 548,750.44 2,539,476.87 1,199.84 19,253.52 340,681.51 -

Annex A-1.1

Other Maintenance and Operating Expenses Loss of Assets Loss on Guaranty Other Maintenance and Operating Expenses Total Maintenance and Other Operating Expenses TOTAL OPERATING EXPENSES INCOME FROM OPERATIONS FINANCIAL EXPENSES Bank Charges Commitment Fees Documentary Stamps Expenses Interest Expenses Other Financial Charges Income before Subsidies, Donations and Extraordinary Items Add: Subsidy from Other National Government Agencies Subsidy from Other LGUs Subsidy from Other Funds Total Less: Subsidy to National Government Agencies Subsidy to Local Government Units Subsidy to Gov't Owned and Controlled Corp Subsidy to NGOs/POs Subsidy to Other Funds Donations Total Income before Extraordinary Items Add (Less) Extraordinary Items: Gain/Loss on foreign Exchange Gain/Loss on Sale of Disposed Assets Gain/Loss on Sale of Securities NET INCOME

50,051,997.01 174,310,843.69 263,921,898.61 144,555,045.31 5,818,077.72 61,644.00 138,675,323.59 105,510.85 105,510.85 50,000.00 2,200,000.00 19,901,576.84 22,151,576.84 116,629,257.60 116,629,257.60

CERTIFIED CORRECT:

EFREN A. DELA ROSA City Accountant

City of Himamaylan STATEMENT OF CASH FLOWS For the Year Ended December 31, 2010 GENERAL FUND Cash Flows From Operating Activities Cash Inflows Share from Internal Revenue Allotment Collection from Taxpayers Receipts from sale of goods and services Interest Income Dividend Income Other Receipts Total Cash Inflows Cash Outflows Payments to Suppliers/Creditors Employees Interest Expenses Other Disbursements Total Cash Outflows Cash Provided by (Used In) Cash Flows From Investing Activities Cash Inflows Sale of Property, Plant and Equipment Sale of Debt Securities of Other Entities Collection of Principal on Loans to Other Entities Total Cash Inflows Cash Outflows Purchase of Property, Plant and Equipment and Public Infrastructures Purchase of Debt Securities of Other Entities Grant/Loans to Other Entities Total Cash Outflows Cash Provided by (Used In) Cash Flows From Financing Activities Cash Inflows Issuance of Debt Securities Acquisition of Loan Total Cash Inflows Cash Outflows Retirement/Redemption of Debt Securities Payment of Loan Amortization Total Cash Outflows Cash Provided by (Used In) Net Cash Provided By (Used In) Cash at the Beginning of the Period Cash at the End of the Period

390,655,749.00 7,575,853.60 17,041,445.47 415,273,048.07

207,865,731.20 89,611,054.92 297,476,786.12 117,796,261.95

47,398.50 47,398.50 90,046,237.16 90,046,237.16 (89,998,838.66) 11,613,356.00 11,613,356.00 14,086,612.42 14,086,612.42 (2,473,256.42) 25,324,166.87 143,768,627.53 169,092,794.40

CERTIFIED CORRECT: EFREN A. DELA ROSA City Accountant

Annex A-2

Page 1 of 6

City of Himamaylan BALANCE SHEET As of December 31, 2010 SPECIAL EDUCATION FUND ASSETS CURRENT ASSETS CASH Cash on Hand Cash in Vault Cash-Disbursing Officers Petty Cash Fund Payroll Fund/Cash Advance for Payroll Cash in Banks-Local Currency Cash in Bank -Local Currency, Current Account Cash in Bank -Local Currency, Savings Account Cash in Bank -Local Currency, Time Deposits Cash in Banks- Foreign Currency Cash in Bank - Foreign Currency, Current Account Cash in Bank - Foreign Currency, Savings Account Cash in Bank -Foreign Currency, Time Deposits Total Cash RECEIVABLES Receivable Accounts Accounts Receivable Notes Receivables Due from Officers and Employees Loans Receivables-GOCCs Loans Receivables-LGUs Loans Receivables-Others Real Property Tax Receivable Special Education Tax Receivable Interests Receivable Inter-agency Receivables Due from NGAs Due from GOCCs Due from LGUs Due from NGOs/Pos Intra-agency Receivables Due from Other Funds

371,334.09 5,076,318.71 5,447,652.80 102,934,314.77 1,000.00

Annex A-2

Page 2 of 6

Other Receivables Receivables - Disallowances/Charges Advances to Officers and Employees Other Receivables Total Receivables INVENTORIES Materials Raw Materials Inventory Work-in Process Inventory Finished Goods Inventory Merchandise Inventory Supplies Office Supplies Inventory Accountable Forms Inventory Animal/Zoological Supplies Inventory Food Supplies Inventory Drugs and Medicines Inventory Medical, Dental and Laboratory Supplies Inventory Gasoline, Oil and Lubricants Inventory Agricultural Supplies Inventory Textbooks and Instructional Materials Inventory Military and Police Supplies Inventory Other Supplies Inventory Confiscated/Abandoned/Seized Goods Inventory Spare Parts Inventory Construction Materials Inventory Agricultural, Fishery and Forestry Products Livestock Inventory Crops and Fruits Inventory Other Agricultural, Fishery and Forestry Products Inventory Total Inventories PREPAYMENTS Prepaid Rent Prepaid Insurance Prepaid Interest Deposit on Letters of Credit Advances to Contractors Deferred Charges Other Prepaid Expenses Total Prepayments

29,600.00 479,686.22 103,444,600.99

6,955.00 6,955.00 -

Annex A-2

Page 3 of 6

OTHER CURRENT ASSETS Guaranty Deposits Other Current Assets Total Other Current Assets TOTAL CURRENT ASSETS INVESTMENTS INVESTMENT IN SECURITIES Investment in Treasury Bills Investments in Stocks Investments in Bonds Other Investments and Marketable Securities SINKING FUND Sinking Fund Total Investment PROPERTY, PLANT AND EQUIPMENT LAND AND LAND IMPROVEMENTS Land Land Improvements Electrification, Power and Energy Structures Total Land and Land Improvements BUILDINGS Office Buildings School Buildings Hospitals and Health Centers Markets and Slaughterhouses Other Structures Total Buildings LEASEHOLD IMPROVEMENTS Leasehold Improvements, Land Leasehold Improvements, Buildings Other Leasehold Improvements Total Leasehold Improvements OFFICE EQUIPMENT, FURNITURE AND FIXTURES Office Equipment Furniture and Fixtures IT Equipment and Software Library Books Total Office Equipment, Furniture and Fixtures

108,899,208.79

821,522.31 60,558.91 882,081.22 865,917.79 213,571.80 123,902.22 1,203,391.81

Annex A-2

Page 4 of 6

MACHINERIES AND EQUIPMENT Machineries Agricultural, Fishery and Forestry Equipment Communication Equipment Construction and Heavy Equipment Firefighting Equipment and Accessories Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Sports Equipment Technical and Scientific Equipment Other Machineries and Equipment Total Machineries and Equipment TRANSPORTATION EQUIPMENT Motor Vehicles Watercrafts Other Transportation Equipment Total Transportation Equipment OTHER PROPERTY, PLANT AND EQUIPMENT Other Property, Plant and Equipment Total Other Property, Plant and Equipment PUBLIC INFRASTRUCTURE Roads, Highways and Bridges Parks, Plazas and Monuments Ports, Lighthouses and Harbors Artesian Wells, Reservoirs, Pumping Stations and Conduits Irrigation, Canals and Laterals Flood Controls Waterways, Aqueducts, Seawalls, River Walls and Others Other Public Infrastructures Total Public Infrastructure REFORESTATION PROJECTS Reforestation - Upland Reforestation - Marshland/Swampland Total Reforestation Projects CONSTRUCTION IN PROGRESS Construction in Progress - Agency Assets Public Infrastructures/Reforestation Projects Construction in Progress -Roads, Highways and Bridges Construction in Progress -Plazas, Parks and Monuments Construction in Progress -Ports, Lighthouses and Harbors

207,123.22 42,964.80 6,249.20 16,470.88 1,373,360.41 1,646,168.51 13,978.38 13,978.38 33,418.73 33,418.73 7,087.20 14,960.00 22,047.20 135,838.31 2,500.00 -

Annex A-2

Page 5 of 6

Construction in Progress -Artesian, Wells, Reservoirs, Pumping Stations and Conduits Construction in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls Construction in Progress - Waterways, Aqueducts, Seawalls River Walls and Others Construction in Progress - Other Public Infrastructures Construction in Progress - Reforestation - Upland Construction in Progress - Reforestation - Marshland/ Swampland Total Construction in Progress 138,338.31 Total Property, Plant and Equipment 3,939,424.16 OTHER ASSETS Work/Other Animals Breeding Stocks Arts, Archeological Speciment and Other Exhibits Items in Transit Other Assets Total Other Assets TOTAL ASSET 112,838,632.95 LIABILITIES CURRENT LIABILITIES Payable Accounts Accounts Payable Notes Payable Due to Officers and Employees Interest Payable Inter-Agency Payables Due to BIR Due to GSIS Due to PAG-IBIG Due to PHILHEALTH Due to Other NGAs Due to Other GOCCs Due to LGUs Intra-Agency Payables Due to Other Funds Other Liability Accounts Guaranty Deposits Payable Performance/Bidders/Bail Bonds Payable Tax Refunds Payable Other Payables Total Current Liabilities

413,465.56 7,223.41 50,047.11 17,580.01 9,000.00 497,316.09

Annex A-2
Page 6 of 6

LONG-TERM LIABILITIES Mortgate/Bonds/Loans Payable Mortgage Payable Bonds Payable - Domestic Loans Payable - Domestic Loans Payable - Foreign Other Long-Term Liabilities Total Long-Term Liabilities TOTAL LIABILITIES DEFERRED CREDITS Deferred Real Property Tax Income Deferred Special Education Tax Income Other Deferred Credits Total Deferred Credits EQUITY Government Equity - Beg. Additions/(Deductions) to Beg. Bal. Adjusted Beg. Bal. Add: Retained Operating Surplus: Current Operations Prior Year's Adjustments Less: Transfer to Registry Public Infrastructures Reforestation Projects Government Equity, December 31, 2008 TOTAL LIABILITIES AND EQUITY

497,316.09 102,470,055.98 6,955.00 102,477,010.98 6,849,300.95 6,849,300.95 3,056,616.93 (41,612.00) 9,864,305.88 112,838,632.95

CERTIFIED CORRECT:

EFREN A. DELA ROSA City Accountant

City of Himamaylan STATEMENT OF INCOME AND EXPENSES For the period Ended December 31, 2009 SPECIAL EDUCATION FUND TAX REVENUE Local Taxes Amusement Tax Business Tax Community Tax Franchise Tax Occupation Tax Printing and Publication Tax Property Transfer Tax Real Property Tax Less: Discount on Real Property Tax Real Property Tax on Idle Lands Special Assessment Tax Special Education Tax Less: Discount on Special Education Tax Tax on Delivery Trucks and Vans Tax on Sand, Gravel and Other Quarry Products Other Local Taxes Fines and Penalties- Local Taxes Total Local Taxes GENERAL INCOME ACCOUNTS Internal Revenue Allotment Permits and Licenses Fees on Weights and Measures Fishery Rental Fees Franchising and Licensing Fees Permit Fees Registration Fees Other Permits and Licenses Fines and Penalties- Permits and Licenses Total Permits and Licenses Service Income Affiliation Fees Athletic and Cultural Fees Clearance and Certification Fees Comprehensive Examination Fees Diploma and Graduation Fees Garbage Fees Inspection Fees Library Fees Medical, Dental and Laboratory Fees Processing Fees Seminar Fees Toll and Terminal Fees Transcript of Records Fees Other Services Income Fines and Penalties - Service Income Total Service Income

5,704,139.56 1,280,076.75 6,984,216.31 -

Business Income Hospital Fees Income from Canteen Operations Income from Cemetery Operations Income from Communication Facilities Income from Dormitory Operations Income from Markets Income from Slaughterhouse Income from Transportation System Income from Waterworks System Landing and Parking Fees Printing and Publication Income Rent Income Sales Revenue Cost of Goods Sold Net Sales Revenue Tuition Fees Other Business Income Fines and Penalties - Business Income Total Business Income Other Income Dividend Income Income from Grants and Donations Insurance Income Interest Income Sale of Confiscated/Abandoned/Seized Goods and Properties Share from Economic Zones Share from Expanded Value Added Tax Share from National Wealth Share from PAGCOR/PCSO Share from Tobaco Excise Tax Miscellaneous Income Other Fines and Penalties Total Other Income TOTAL OPERATING INCOME EXPENSES PERSONAL SERVICES Salaries and Wages Salaries and Wages - Regular Salaries and Wages - Military/Uniformed Salaries and Wages - Part-time Salaries and Wages - Substitute Salaries and Wages - Casual Salaries and Wages - Contractual Salaries and Wages - Emergency Other Compensation Personnel Economic Relief Allowance (PERA) Additional Compensation (ADCOM) Representation Allowance (RA) Transportation Allowance (TA) Clothing/Uniform Allowance Subsistence, Laundry and Quarter Allowance Productivity Incentive Allowance Other Bonuses and Allowances

6,011.74 6,011.74 6,990,228.05

Honoraria Hazard Pay Longevity Pay Overtime and Night Pay Cash Gift Year End Bonus Personnel Benefits Contributions Life and Retirement Insurance Contributions PAG-IBIG Contributions PHILHEALTH Contributions ECC Contributions Other Personnel Benefits Pension Benefits - Civilian Retirement Benefits - Civilian Terminal Leave Benefits Health Workers Benefits Other Personnel Benefits Total Personal Services MAINTENANCE AND OTHER OPERATING EXPENSES Travelling Expenses Travelling Expenses - Local Travelling Expenses - Foreign Training and Scholarship Expenses Training Expenses Scholarship Expenses Supplies and Material Expenses Office Supplies Expense Accountable Forms Expenses Animal/Zoological Supplies Expenses Food Supplies Expenses Drugs and Medicines Expenses Medical, Dental and Laboratory Supplies Expenses Gasoline, Oil and Lubrication Expenses Agricultural Supplies Expenses Textbooks and Instructional Materials Expenses Military and Police Supplies Expenses Other Supplies Expenses Utility Expenses Water Expenses Electricity Expenses Cooking Gas Expenses Communication Expenses Postage and Deliveries Telephone Expenses - Landline Telephone Expenses - Mobile Internet Expenses Cable, Satellite, Telegraph and Radio Expenses Membership Dues and Contributions to Organizations Awards and Indemnities Expenses Advertising Expense Printing and Binding Expenses Rent Expenses Representation Expenses Transportation and Delivery Expenses

93,237.00 206,795.50 150,767.47 4,887.50 217,589.39 -

Storage Fees Subscriptions Expenses Survey Expenses Rewards and Other Claims Expenses Professional Services Legal Services Auditing Services Consultancy Services Environment/Sanitary Services General Services Janitorial Services Security Services Other Professional Services Repairs and Maintenance Land and Improvements Repairs and Maintenance - Land Improvements Repairs and Maintenance - Electrification, Power and Energy Structures Buildings Repairs and Maintenance - Office Buildings Repairs and Maintenance - School Buildings Repairs and Maintenance - Hospitals and Health Centers Repairs and Maintenance - Markets and Slaughterhouses Repairs and Maintenance - Other Structures Leasehold Improvements Repairs and Maintenance - Leasehold Improvements , Land Repairs and Maintenance - Leasehold Improvements, Buildings Repairs and Maintenance - Other Leasehold Improvements Office Equipment, Furniture and Fixtures Repairs and Maintenance - Office Equipment Repairs and Maintenance - Furniture and Fixtures Repairs and Maintenance - IT Equipment and Software Machineries and Equipment Repairs and Maintenance - Machineries Repairs and Maintenance - Agricultural, Fishery and Forestry Equipment Repairs and Maintenance - Communication Equipment Repairs and Maintenance - Construction and Heavy Equipment Repairs and Maintenance - Firefighting Equipment and Accessories Repairs and Maintenance - Hospital Equipment Repairs and Maintenance - Medical, Dental and Laboratory Equipment Repairs and Maintenance - Military and Police Equipment Repairs and Maintenance - Sports Equipment Repairs and Maintenance - Technical and Scientific Equipment Repairs and Maintenance - Other Machineries and Equipment Transportation Equipment Repairs and Maintenance - Motor Vehicles Repairs and Maintenance - Watercrafts Repairs and Maintenance - Other Transportation Equipment Other Property, Plant and Equipment Repairs and Maintenance - Other Property, Plant and Equipment Public Infrastructures

Repairs and Maintenance - Roads, Highways and Bridges Repairs and Maintenance - Plazas, Parks and Monuments Repairs and Maintenance - Ports, Lighthouses and Harbors Repairs and Maintenance - Artesian Wells, Reservoirs, Pumping Stations and Conduits Repairs and Maintenance - Irrigation Canals and Laterals Repairs and Maintenance - Flood Controls Repairs and Maintenance - Waterways, Aqueducts, Seawalls, River/Walls and Others Repairs and Maintenance - Other Public Infrastructures Reforestation Projects Repairs and Maintenance - Reforestation- Upland Repairs and Maintenance - Reforestation - Marshland/ Swampland Confidential, Intelligence, Extraordinary and Miscellaneous Expenses Confidential Expenses Intelligence Expenses Extraordinary Expenses Miscellaneous Expenses Taxes, Insurance Premiums and Other Fees Taxes, Duties and Licenses Fidelity Bond Premiums Insurance Expenses Non-Cash Expenses Depreciation Land Improvements Depreciation - Land Improvements Depreciation - Electrification, Power and Energy Structures Buildings Depreciation - Office Buildings Depreciation - School Buildings Depreciation - Hospitals and Health Centers Depreciation - Markets and Slaughterhouses Depreciation -Other Structures Leasehold Improvements Depreciation - Leasehold Improvements, Land Depreciation - Leasehold Improvements, Buildings Depreciation - Other Leasehold Improvements Office Equipment, Furniture and Fixtures Depreciation -Office Equipment Depreciation -Furniture and Fixtures Depreciation - IT Equipment Depreciation -Library Books Machineries and Equipment Depreciation - Machineries Depreciation - Agricultural, Fishery and Forestry Equipment Depreciation -Communication Equipment Depreciation -Construction and Heavy Equipment Depreciation -Firefighting Equipment and Accessories Depreciation - Hospital Equipment Depreciation - Medical, Dental and Laboratory Equipment Depreciation - Military and Police Equipment Depreciation - Sports Equipment Depreciation - Technical and Scientific Equipment

Depreciation -Other Machineries and Equipment Transportation and Equipment Depreciation - Motor Vehicles Depreciation -Watercrafts Depreciation -Other Transportation Equipment Other Property, Plant and Equipment Depreciation- Other Property, Plant and Equipment Depletion Obsolescence - IT Software Other Maintenance and Operating Expenses Loss of Assets Loss on Guaranty Other Maintenance and Operating Expenses Total Maintenance and Other Operating Expenses TOTAL OPERATING EXPENSES INCOME FROM OPERATIONS FINANCIAL EXPENSES Bank Charges Commitment Fees Documentary Stamps Expenses Interest Expenses Other Financial Charges Income before Subsidies, Donations and Extraordinary Items Add: Subsidy from Other National Government Agencies Subsidy from Other LGUs Subsidy from Other Funds Total Less: Subsidy to National Government Agencies Subsidy to Local Government Units Subsidy to Gov't Owned and Controlled Corp Subsidy to NGOs/POs Subsidy to Other Funds Donations Total Income before Extraordinary Items Add (Less) Extraordinary Items: Gain/Loss on foreign Exchange Gain/Loss on Sale of Disposed Assets Gain/Loss on Sale of Securities NET INCOME

673,276.86 673,276.86 6,316,951.19 6,316,951.19 6,316,951.19 6,316,951.19

CERTIFIED CORRECT:

EFREN A. DELA ROSA City Accountant

City of Himamaylan STATEMENT OF CASH FLOWS For the Year Ended December 31, 2010 SPECIAL EDUCATION FUND

Cash Flows From Operating Activities Cash Inflows Share from Internal Revenue Allotment Collection from Taxpayers Receipts from sale of goods and services Interest Income Dividend Income Other Receipts Total Cash Inflows Cash Outflows Payments to Suppliers/Creditors Employees Interest Expenses Other Disbursements Total Cash Outflows Cash Provided by (Used In) Cash Flows From Investing Activities Cash Inflows Sale of Property, Plant and Equipment Sale of Debt Securities of Other Entities Collection of Principal on Loans to Other Entities Total Cash Inflows Cash Outflows Purchase of Property, Plant and Equipment and Public Purchase of Debt Securities of Other Entities Grant/Loans to Other Entities Total Cash Outflows Cash Provided by (Used In) Cash Flows From Financing Activities Cash Inflows Issuance of Debt Securities Acquisition of Loan Total Cash Inflows Cash Outflows Retirement/Redemption of Debt Securities Payment of Loan Amortization Total Cash Outflows Cash Provided by (Used In) Net Cash Provided By (Used In) Cash at the Beginning of the Period Cash at the End of the Period

5,722,999.07 99,995.74 5,822,994.81

3,107,519.39 299,366.00 3,406,885.39 2,416,109.42

Infrastructures 493,972.73 493,972.73 (493,972.73) 1,922,136.69 3,525,516.11 5,447,652.80

CERTIFIED CORRECT: EFREN A. DELA ROSA City Accountant

Annex A-3

Page 1 of 6

City of Himamaylan BALANCE SHEET As of December 31, 2010 TRUST FUND

ASSETS CURRENT ASSETS CASH Cash on Hand Cash in Vault Cash-Disbursing Officers Petty Cash Fund Payroll Fund/Cash Advance for Payroll Cash in Banks-Local Currency Cash in Bank -Local Currency, Current Account Cash in Bank -Local Currency, Savings Account Cash in Bank -Local Currency, Time Deposits Cash in Banks- Foreign Currency Cash in Bank - Foreign Currency, Current Account Cash in Bank - Foreign Currency, Savings Account Cash in Bank -Foreign Currency, Time Deposits Total Cash RECEIVABLES Receivable Accounts Accounts Receivable Notes Receivables Due from Officers and Employees Loans Receivables-GOCCs Loans Receivables-LGUs Loans Receivables-Others Real Property Tax Receivable Special Education Tax Receivable Interests Receivable Inter-agency Receivables Due from NGAs Due from GOCCs Due from LGUs Due from NGOs/Pos Intra-agency Receivables Due from Other Funds

3,711,772.93 569,493.75 4,281,266.68 304,600.00 7,240.00 718,532.50 5,267.00

Annex A-3

Page 2 of 6

Other Receivables Receivables - Disallowances/Charges Advances to Officers and Employees Other Receivables Total Receivables INVENTORIES Materials Raw Materials Inventory Work-in Process Inventory Finished Goods Inventory Merchandise Inventory Supplies Office Supplies Inventory Accountable Forms Inventory Animal/Zoological Supplies Inventory Food Supplies Inventory Drugs and Medicines Inventory Medical, Dental and Laboratory Supplies Inventory Gasoline, Oil and Lubricants Inventory Agricultural Supplies Inventory Textbooks and Instructional Materials Inventory Military and Police Supplies Inventory Other Supplies Inventory Confiscated/Abandoned/Seized Goods Inventory Spare Parts Inventory Construction Materials Inventory Agricultural, Fishery and Forestry Products Livestock Inventory Crops and Fruits Inventory Other Agricultural, Fishery and Forestry Products Inventory Total Inventories PREPAYMENTS Prepaid Rent Prepaid Insurance Prepaid Interest Deposit on Letters of Credit Advances to Contractors Deferred Charges Other Prepaid Expenses Total Prepayments

748,201.00 15,876.18 1,799,716.68

Annex A-3

Page 3 of 6

OTHER CURRENT ASSETS Guaranty Deposits Other Current Assets Total Other Current Assets TOTAL CURRENT ASSETS INVESTMENTS INVESTMENT IN SECURITIES Investment in Treasury Bills Investments in Stocks Investments in Bonds Other Investments and Marketable Securities SINKING FUND Sinking Fund Total Investment PROPERTY, PLANT AND EQUIPMENT LAND AND LAND IMPROVEMENTS Land Land Improvements Electrification, Power and Energy Structures Total Land and Land Improvements BUILDINGS Office Buildings School Buildings Hospitals and Health Centers Markets and Slaughterhouses Other Structures Total Buildings LEASEHOLD IMPROVEMENTS Leasehold Improvements, Land Leasehold Improvements, Buildings Other Leasehold Improvements Total Leasehold Improvements OFFICE EQUIPMENT, FURNITURE AND FIXTURES Office Equipment Furniture and Fixtures IT Equipment and Software Library Books Total Office Equipment, Furniture and Fixtures

6,080,983.36

1,488,782.83 2,283,115.96 3,771,898.79 430,191.42 2,437,898.59 526,153.87 528,387.99 639,534.75 4,562,166.62 49,956.00 457,979.28 57,700.00 565,635.28

Annex A-3

Page 4 of 6

MACHINERIES AND EQUIPMENT Machineries Agricultural, Fishery and Forestry Equipment Communication Equipment Construction and Heavy Equipment Firefighting Equipment and Accessories Hospital Equipment Medical, Dental and Laboratory Equipment Military and Police Equipment Sports Equipment Technical and Scientific Equipment Other Machineries and Equipment Total Machineries and Equipment TRANSPORTATION EQUIPMENT Motor Vehicles Watercrafts Other Transportation Equipment Total Transportation Equipment OTHER PROPERTY, PLANT AND EQUIPMENT Other Property, Plant and Equipment Total Other Property, Plant and Equipment PUBLIC INFRASTRUCTURE Roads, Highways and Bridges Parks, Plazas and Monuments Ports, Lighthouses and Harbors Artesian Wells, Reservoirs, Pumping Stations and Conduits Irrigation, Canals and Laterals Flood Controls Waterways, Aqueducts, Seawalls, River Walls and Others Other Public Infrastructures Total Public Infrastructure REFORESTATION PROJECTS Reforestation - Upland Reforestation - Marshland/Swampland Total Reforestation Projects CONSTRUCTION IN PROGRESS Construction in Progress - Agency Assets Public Infrastructures/Reforestation Projects Construction in Progress -Roads, Highways and Bridges Construction in Progress -Plazas, Parks and Monuments Construction in Progress -Ports, Lighthouses and Harbors

37,269.10 426,527.65 585,000.00 1,048,796.75 720,000.00 720,000.00 24,998.00 24,998.00 54,094.38 139,954.00 194,048.38 313,886.07 1,885,720.00 -

Annex A-3

Page 5 of 6

Construction in Progress -Artesian, Wells, Reservoirs, Pumping Stations and Conduits Construction in Progress - Irrigation, Canals and Laterals Construction in Progress - Flood Controls Construction in Progress - Waterways, Aqueducts, Seawalls River Walls and Others 7,000.00 Construction in Progress - Other Public Infrastructures Construction in Progress - Reforestation - Upland Construction in Progress - Reforestation - Marshland/ Swampland Total Construction in Progress 2,206,606.07 Total Property, Plant and Equipment 13,094,149.89 OTHER ASSETS Work/Other Animals Breeding Stocks 134,200.00 Arts, Archeological Speciment and Other Exhibits Items in Transit Other Assets Total Other Assets 134,200.00 TOTAL ASSET 19,309,333.25 LIABILITIES CURRENT LIABILITIES Payable Accounts Accounts Payable Notes Payable Due to Officers and Employees Interest Payable Inter-Agency Payables Due to BIR Due to GSIS Due to PAG-IBIG Due to PHILHEALTH Due to Other NGAs Due to Other GOCCs Due to LGUs Intra-Agency Payables Due to Other Funds Other Liability Accounts Guaranty Deposits Payable Performance/Bidders/Bail Bonds Payable Tax Refunds Payable Other Payables Total Current Liabilities

2,000.00 21,951.69 1,677.91 117,212.68 5,264,088.91 117,876.53 9,940.00 1,134,142.93 1,107,628.03 7,776,518.68

Annex A-3
Page 6 of 6

LONG-TERM LIABILITIES Mortgate/Bonds/Loans Payable Mortgage Payable Bonds Payable - Domestic Loans Payable - Domestic Loans Payable - Foreign Other Long-Term Liabilities Total Long-Term Liabilities TOTAL LIABILITIES DEFERRED CREDITS Deferred Real Property Tax Income Deferred Special Education Tax Income Other Deferred Credits Total Deferred Credits EQUITY Government Equity - Beg. Additions/(Deductions) to Beg. Bal. Adjusted Beg. Bal. Add: Retained Operating Surplus: Current Operations Prior Year's Adjustments Less: Transfer to Registry Public Infrastructures Reforestation Projects Government Equity, December 31, 2008 TOTAL LIABILITIES AND EQUITY

7,776,518.68 -

11,532,814.57 11,532,814.57 11,532,814.57 19,309,333.25 -

CERTIFIED CORRECT:

EFREN A. DELA ROSA City Accountant

City of Himamaylan STATEMENT OF CASH FLOWS For the Year Ended December 31, 2010 TRUST FUND

Cash Flows From Operating Activities Cash Inflows Share from Internal Revenue Allotment Collection from Taxpayers Receipts from sale of goods and services Interest Income Dividend Income Other Receipts Total Cash Inflows Cash Outflows Payments to Suppliers/Creditors Employees Interest Expenses Other Disbursements Total Cash Outflows Cash Provided by (Used In) Cash Flows From Investing Activities Cash Inflows Sale of Property, Plant and Equipment Sale of Debt Securities of Other Entities Collection of Principal on Loans to Other Entities Total Cash Inflows Cash Outflows Purchase of Property, Plant and Equipment and Public Infrastructures Purchase of Debt Securities of Other Entities Grant/Loans to Other Entities Total Cash Outflows Cash Provided by (Used In) Cash Flows From Financing Activities Cash Inflows Issuance of Debt Securities Acquisition of Loan Total Cash Inflows Cash Outflows Retirement/Redemption of Debt Securities Payment of Loan Amortization Total Cash Outflows Cash Provided by (Used In) Net Cash Provided By (Used In) Cash at the Beginning of the Period Cash at the End of the Period

3,881,326.56 3,881,326.56

4,201,337.93 4,201,337.93 (320,011.37)

(320,011.37) 4,601,278.05 4,281,266.68

CERTIFIED CORRECT: EFREN A. DELA ROSA City Accountant