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Taxes and Fees

Financial

A. LOCAL AND EXTERNAL INCOME (2014)
IRA SharePhp 62,037,854.00
Locally Sourced RevenuesPhp 2,089,039.06
Other RevenuesPhp 1,096,501.17
Total LGU IncomePhp 65,223,394.23

B. SUMMARY OF ANNUAL BUDGET
Municipality of Dinalungan
Consolidated Statement of Income and Expenses
For the Year Ended Dec. 31, 2014
Income2014
Local IncomePhp 1,096,501.17
Permit and LicensesPhp 907,572.70
Service IncomePhp 500,764.25
Business IncomePhp 680,701.91
Other IncomePhp 62,037,854.00
Total IncomePhp 65,223,394.23
Less: Expenses
Personal ServicesPhp 38,525,781.93
Maintenance and Other Operating ExpensesPhp 18,477,466.62
Total ExpensesPhp 57,003,248.55
NET INCOMEPhp 8,220,145.68

  The LGU relies mainly on its IRA, amounting to Php 62,037,854.00 for 2014 as it collected only Php 2,089,039.06 + Other Revenues Php 1,096,501.17 in 2014 from its local source of revenue. These resources have to be shared among the LGU’s different programs/services.

  It can be noted that from the past years and until now the LGU has been dependent on its IRA. However, revenue collection and generation strategies have been imposed to increase the income. Likewise, to complete the LGU’s financial resources and to come up with all the planned activities, programs as well as services, assistance from any outside source, be it National, NGOs or Private Agencies are being tapped to bring additional income for the municipality.