STATEMENT OF MANAGEMENT S RESPONSIBILITY FOR FINANCIAL STATEMENTS

Transcription

1 REPUBLIC OF THE PHILIPPINES Commission on Higher Education Regional Office III Don Honorio Ventura Technological State University STATEMENT OF MANAGEMENT S RESPONSIBILITY FOR FINANCIAL STATEMENTS The management of DON HONORIO VENTURA TECHNOLOGICAL STATE UNIVERSITY (DHVTSU) is responsible for all information and representations contained in the accompanying Balance Sheet as of December 31, 2011 and the related Statement of Income and Expenses and Cash Flows for the quarter then ended. The financial statements have been prepared in conformity with generally accepted state accounting principles and reflect amounts that are based on the best estimates and informed judgment of management with an appropriate consideration to materiality. In this regard, management maintains a system of accounting and reporting which provides for the necessary internal controls to ensure that transactions are properly authorized and recorded, assets are safeguarded against unauthorized use or disposition and liabilities are recognized. LUIS M. LANSANG, DPA ENRIQUE G. BAKING, Ed. D. Chief Administrative Officer SUC President III

2 NOTES TO FINANCIAL STATEMENT General Profile The Don Honorio Ventura Technological State University is located in the town of. The school is originally established as the Escuella de Artes y Officios de Bacolor, during the Spanish regime in 1861 in the goal of trading artisans. Later it was named as Bacolor Trade School in 1905 offering shop courses in Ironworking, Woodworking, Building Construction and Domestic Science. In October 1956 it was converted into a Regional Trades School identified as a Zonal School of Arts and Trades and thus loomed as a model technological school in the region. Because of the established credibility in the regional level, the school was converted into a state college in 1978 to promote research and advanced studies and provide extension services and leadership in the field of trade, vocational, technological, engineering and technical education by the virtue of Presidential Decree 1973 and in December 9, 2009 by the Republic Act No it was finally converted into Don Honorio Ventura Technological State University. Note 1. Basis of Reporting The financial statements were prepared in accordance with generally accepted principles and standards. Note 2. Significant Accounting Policies Changes in Accounting Policies 2.1 The cost of ending inventory of office supplies and materials and other inventory items are computed using the Moving Average Method. 2.2 Property, Plant and Equipment are carried at cost less accumulated depreciation and obsolescence for assets under construction. The Construction Period Theory was applied for construction purposes. 2.3 The Straight Line method of depreciation is used in depreciating the Property, Plant and Equipment with estimated useful life ranging from five to fifty years. A residual value computed at 10 percent of the cost of asset is set and depreciation starts on the second month after purchase. 2.4 Payable accounts are recognized and recorded in the books of accounts only upon delivery of the goods/inventories/other assets and rendition of services to the agency. Changes in Accounting Treatment Accounts were classified to conform with the Chart of Accounts prescribed under the new Government Accounting system and COA Circular No dated December 24, 2008.

3 Note 3. Cash and other cash accounts This account consists of: Cash, Collecting Officer P 93, Payroll Fund 249, Cash in Bank-Local Currency, Current Account 6,822, Total P 7,166, Cash, Collecting Officer s balances are undeposited collections on December 31, 2011 which were deposited on January 2, 2012, Paroll Fund are unliquidated tax refund as of December 31, 2011, while Cash in Bank are the remaining cash collected from students intended for their organizations, CHED Scholars and other fund that are used for students only. Note 4. Receivables This account consists of: Accounts Receivables P 519, Due from Officers and Employees 5, Due from National Treasury Loans Receivables-Others 1,068, Deu from Other Funds 20, Total P 1,613, Accounts Receivables are tuition and other fees to be collected from various scholarship grants. Loans Receivables-Others are receivables from student who avail of the CHED Educational Assistance. Due from officers and employees are cash advances not yet liquidated as of December 31, Note 5. Inventories This account consists of: Other Supplies Inventories P 270, Note 6. Other Current Assets This account consists of: Guaranty Deposits P 21, Note 7. Property, Plant & Equipment

4 This account consists of: Land P 2,527, Land improvements 21,467, Electrification, Power & Energy Structure 113, Office Buildings 20,242, School Buildings 222,495, Hospital & Health Centers 2,020, Other Structures 40,099, Office Equipment 4,086, Furniture & Fixtures 5,250, IT Equipment & Software 11,709, Library Books 2,673, Machineries 4,937, Communication Equipment 962, Medical, Dental, & Laboratory Equipment 129, Technical & Scientific Equipment 13,657, Other Machineries & Equipment 9,547, Motor Vehicles 3,078, Artesian Wells, reservoirs, Pumping Stations & Conduits 145, Construction in Progress 11,901, Total Book Value 377,044, Less: Accumulated Depreciation 50,805, Net Book Value P 326,239, The land titles are not yet in the name of the University. Land Titles of Mexico Campus are still in the name of Don Honorio Ventura College of Arts and Trades while the main campus are Don Honorio Ventura Memorial School of Arts and Trades and Provincial Government of Pampanga. One of the title is not yet reconstituted under tax declaration. Regular maintenance, repairs and minor replacements are charged against Maintenance and Other Operating expenses. Note 8. Current Liabilities Accounts Payable P 14,584, Due to BIR 1,454, Due to Other NGAs 1,901, Due to PAG-IBIG Other Payables 4,457, Total P 22,398, Accounts Payables are the unliquidated obligations from suppliers and creditors. Liabilities due to other agencies were remitted in January Due to other NGAs are the

5 educational assistance granted by CHED to students. Other Payables are trust funds from student organizations such as FIP and SSC. Note 9. Subsidy Income from National Government For this year, Notices of Cash Allocation including Tax Remittance Advice, amounting to P118,794, was received from the Department of Budget and Management for payment of expenses for operational requirements and liabilities. Note 10. Income and Expense Summary Income & Expenses recorded in the books of accounts amounted to P270,223, and P207,054,358.84, respectively. Note 11. Allotment Total allotments received for this year is P124,646,423.00, the total obligations is P124,145,858,89 and unobligated balance of P 580,564.11

6 REVISED CONSOLIDATED DETAILED BALANCE SHEET As of December 31, 2011 ASSETS Current Assets Cash Cash - Collecting Officers , Payroll Fund , Cash in Bank - Local Currency, CA 111 6,822, ,166, Receivables Accounts Receivable , Due from Officers and Employees 123 5, Loans Receivable-Others 126 1,068, Due from National Treasury Due from Other Funds , ,613, Inventories Other Supplies Inventory , , Other Current Assets / Investments Guaranty Deposits , , ,071, Property, Plant and Equipment Land and Other Improvements Land 201 2,527, Land Improvements ,467, Accumulated Depreciation-Land Improvements 302 6,848, ,619, Electrification, Power and Energy Structures , Accumulated Depreciation-Electrification,Power & Energy Str , , Buildings Office Buildings ,242, Accumulated Depreciation-Office Buildings ,119, ,122, School Buildings ,495, Accumulated Depreciation-School Buildings ,719, ,775, Hospital and Health Centers 213 2,020, Accumulated Depreciation-Hospital and Health Centers , ,983, Other Structures ,099, Accumulated Depreciation-Other Structures 315 2,145, ,954, page 1 of 3

7 REVISED CONSOLIDATED DETAILED BALANCE SHEET As of December 31, 2011 Office Equipment, Furnitures and Fixtures Office Equipment 221 4,086, Accumulated Depreciation-Office Equipment , ,110, Furniture and Fixtures 222 5,250, Accumulated Depreciation-Furniture and Fixtures 322 2,286, ,963, IT Equipment and Software ,709, Accumulated Depreciation-IT Equipment and Softwares 323 1,937, ,771, Library Books 224 2,673, Accumulated Depreciation-Library Books 324 1,399, ,273, Machineries and Equipment Machineries 226 4,937, Accumulated Depreciation-Machineries 326-4,937, Communication Equipment , Accumulated Depreciation-Communication Equipment , , Medical, Dental and Laboratory Equipment , Accumulated Depreciation-Medical,Dental and Laboratory , , Technical and Scientific Equipment ,657, Accumulated Depreciation-Tech. and Scientific Equipt 336 1,738, ,918, Other Machineries and Equipment 240 9,547, Accumulated Depreciation-Other Machineries and Equipt ,852, ,695, Transportation Equipment Motor Vehicles 241 3,078, Accumulated Depreciation-Motor Vehicles , ,528, Public Infrastructures Artesian Wells, Reservoirs, Pumping Stations & Conduits , Accumulated Depreciation-Artesian Wells, Reservoirs , , Construction in Progress Construction in Progress-Agency Assets ,901, ,239, TOTAL ASSETS 335,311, LIABILITIES AND EQUITY LIABILITIES Payable Accounts Accounts Payable ,584, page 2 of 3

8 REVISED CONSOLIDATED DETAILED BALANCE SHEET As of December 31, 2011 Inter-Agency Payables Due to BIR 412 1,454, Due to PAG - IBIG Due to PHILHEALTH Due to Other NGAs 416 1,901, Other Liability Accounts Other Payables 439 4,457, ,398, Equity Government Equity 312,912, TOTAL LIABILITIES AND EQUITY 335,311, page 3 of 3 - Certified Correct: Audited by: MARCELINA P. LANSANG IMELDA M. UMALI Accountant IV State Auditor IV

9 REVISED CONSOLIDATED DETAILED STATEMENT OF INCOME AND EXPENSES for the year ended December 31, 2011 INCOME Subsidy Income from National Government ,644, Less: Reversion of unused NCAs 108 1,950, ,693, Registration Fees 606 2,876, Clearance/Certification Fees , Comprehensive Exam. Fees 614 1,445, Diploma & Graduation Fees 615 1,954, Library Fees 618 4,040, Medical/Dental and Laboratory Fees 619 6,907, Transcript of Records Fee , Other Service Income ,367, Fines and Penalties , Rent Income 642 1,289, Tuition Fees ,124, Other Business Income-IGP 648 1,486, Total Income 270,223, Less EXPENSES: Salaries and Wages - Regular ,561, Salaries and Wages - Part Time 703 9,614, Salaries and Wages - Casual 705 2,863, Salaries and Wages - Contractuals 706 5,252, Personnel Employee Relief Allowance (PERA) 711 6,405, Representation Allowance (RA) , Transportation Allowance (TA) , Clothing/ Uniform Allowance 715 1,213, Subsistence, Laundry and Quarters Allowance , Productivity Incentive Allowance , Honoraria ,308, Hazard Pay , Longevity Pay , Overtime and Night Pay 723 2,891, Cash Gift 724 2,679, Year End Bonus 725 5,737, page 1 of 3

10 REVISED CONSOLIDATED DETAILED STATEMENT OF INCOME AND EXPENSES for the year ended December 31, 2011 Life and Retirement Insurance Contributions 731 9,545, PAG-IBIG Contributions , PHILHEALTH Contributions , ECC Contributions , Terminal Leave Benefits , Other Personnel Benefits ,739, Traveling Expenses - Local , Traveling Expenses - Foreign , Training Expenses , Scholarship Expenses 754 8,122, Office Supplies Expenses 755 1,446, Accountable Forms Expenses , Food Supplies Expenses 758 2,154, Drugs and Medicine Expenses , Gasoline, Oil and Lubricants Expenses 761 1,078, Textbooks and Instructional Materials Expense , Other Supplies Expenses ,537, Water Expenses 766 1,878, Electricity Expenses 767 4,096, Cooking Gas Expenses , Telephone Expenses - Landline , Telephone Expenses - Mobile , Internet Expenses 774 1,613, Membership Dues and Contributions to Organization , Advertising Expenses , Printing & Binding Expenses , Rent Expenses , Representation Expenses , Subscription Expenses , Rewards and Other Claims , Auditing Services , Consultancy Services , General Services 795 5,502, Security Services , Other Professional Services 799 1,263, Repairs and Maintenance-Land Improvements , Repairs and Maintenance - Office Buildings , Repairs and Maintenance - School Buildings , Repairs and Maintenance - Other Structures , Repairs and Maintenance - Office Equipment , Repairs and Maintenance - Machineries , page 2 of 3

11 REVISED CONSOLIDATED DETAILED STATEMENT OF INCOME AND EXPENSES for the year ended December 31, 2011 Repairs and Maintenance - Motor Vehicles , Donations 878 5, Extraordinary Expenses , Miscellaneous Expenses , Fidelity Bond Premiums , Insurance Expenses , Depreciation - Land Improvements , Depreciation - Electrification, Power & Energy Structures Depreciation - Office Buildings , Depreciation - School Buildings , Depreciation - Hospital and Health Centers 913 8, Depreciation - Other Structures , Depreciation - Office Equipment , Depreciation - Furniture and Fixtures , Depreciation - IT Equipment , Depreciation - Library Books , Depreciation - Communication Equipment 929 8, Depreciation - Medical,Dental and Lab. Equipment 933 3, Depreciation - Technical and Scientific Equipment , Depreciation - Other Machineries and Equipment , Depreciation - Motor Vehicles , Depreciation - Artesian Wells, Reservoirs, Pumping St , Total Expenses 207,139, EXCESS OF INCOME OVER EXPENSES 63,083, page 3 of 3 Certified by: Audited by: MARCELINA P. LANSANG IMELDA M. UMALI Accountant IV State Auditor IV

12 REVISED CONSOLIDATED STATEMENT OF GOVERNMENT EQUITY As of December 31, 2011 Government Equity, Beginning Balance January 1, ,785, Add/Deduct: Adjustment on Beginning Balance (Direct Charges) 1,044, Adjusted Beginning Balance 249,830, Add/ Deduct: Result of Current Operations 63,083, Prior Year Adjustments (836.00) Government Equity, Ending Balance December 31, ,912,

13 Revised Statement of Cumulative Allotment, Obligations and Balances as of December 31,2011 PARTICULARS T H I S Q U A R T E R A L L O T M E N T C U M U L A T I VE A L L O T M E N T P. S. MOOE CO Total P. S. MOOE CO Total Regular Appropriations 3,119, ,800, ,919, ,432, ,564, ,996, Continuing Appropriations , , Total P3,119, P2,800, P0.00 P5,919, P105,432, P18,564, P650, P124,646, page 1 of 3

14 Revised Statement of Cumulative Allotment, Obligations and Balances as of December 31, 2011 PARTICULARS T H I S Q U A R T E R O B L I G A T I O N C U M U L A T I VE O B L I G A T I O N P. S. MOOE CO Total P. S. MOOE CO Total Regular Appropriations 31,574, ,288, ,862, ,432, ,063, ,495, Continuing Appropriations 350, , , , Total P31,574, P5,288, P350, P37,212, P105,432, P18,063, P650, P124,145, page 2 of 3

15 Revised Statement of Cumulative Allotment, Obligations and Balances as of December 31, 2011 PARTICULARS BALANCES P. S. MOOE CO Total Regular Appropriations , , Continuing Appropriations Total P580, P0.00 P580, page 3 of 3 Prepared by: Certified by: CHARITO M. LAYAG Admin. Assistant VI MARCELINA P. LANSANG Accountant IV

16 Revised Detailed Statement of Cumulative Expenditure/Obligation Incurred Liquidated Obligation/Disbursements and Unliquidated Obligations as of December 31,2011 Fund 101 T H I S Q U A R T E R C U M U L A T I V E PARTICULARS Obligation Liquidated Unliquidated Obligation Liquidated Unliquidated Incurred Obligaton Obligation Incurred Obligaton Obligation PERSONAL SERVICES Salaries of Permanent Pos. 14,173, ,173, ,505, ,505, Sal. of Permanent Pos.(EO40) 2,496, ,496, ,303, ,303, Sal. of Permanent Pos.(EO900) 1,986, ,986, ,883, ,883, Contractual, Casual & Emergency Pers. 1,057, ,057, ,657, ,588, , Substitute & Part-Time (158.22) (158.22) - 1,112, ,112, OTHER COMPENSATION Pag-ibig Contributions 124, , , , Health Insurance Prem. 246, , , , ECIP 111, , , , RATA 212, , , , Honoraria 189, , , , Step Increments for - - Length of Service 71, , , , PERA 1,825, ,825, ,240, ,238, Year End Bonus & Cash Gift 4,022, ,022, ,240, ,240, Clothing/Uniform Allow. 44, , ,040, ,040, Productivity Incentive Benefits 6, , , , Productivity Enhancement 2,920, ,920, ,920, ,920, Magna Carta-PHWorker - - per R.A , , , , Retirement Gratuity - - Terminal Leave Benefits , , RLIP 2,072, ,072, ,918, ,918, Total P31,574, P31,574, P0.00 P105,432, P102,361, P68, page 1 of 2

17 Revised Detailed Statement of Cumulative Expenditure/Obligation Incurred Liquidated Obligation/Disbursements and Unliquidated Obligations as of September 30, 2011 Fund 101 T H I S Q U A R T E R C U M U L A T I V E PARTICULARS Obligation Liquidated Unliquidated Obligation Liquidated Unliquidated MAINTENANCE & OTHER OPERATING EXPENDITURE Incurred Obligation Obligation Incurred Obligation Obligation Traveling Expenses 212, , , , Training & Seminar Exp. 104, , , , Communication Services 86, , , , Repairs & Maint 386, , , , Supplies & Materials 533, , ,119, ,102, , Other Grants,Subsidies,Contr 23, , , , Water,Illumination & Power Sv 46, , ,614, ,614, Extraordinary & Misc.Exp. 27, , , , Taxes Ins. Premiums 101, , , , Professional Services 1,345, ,345, ,256, ,254, Subscription Expenses 19, , , , Auditing Services , , Sub-Total 2,888, ,888, ,657, ,623, , PDAF Scholarship Expenses 2,400, ,400, ,406, ,406, Total 2,400, ,400, ,406, ,406, CO Scholarship Expenses 350, , , , Total 350, , , , Grand Total 37,212, ,212, ,145, ,041, , page 2 of 2 Prepared by: Certified by: CHARITO M. LAYAG Admin. Assistant VI MARCELINA P. LANSANG Accountant IV

18 REVISED CONSOLIDATED POST-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT DEBIT CREDIT P A R T I C U L A R S CODE TOTALS TOTALS Cash - Collecting Officers , Payroll Fund , Cash in Bank - Local Currency, CA 111 6,822, Accounts Receivable , Due from Officers and Employees 123 5, Loans Receivable-Others 126 1,068, Due from National Treasury Due from Other Funds , Other Supplies Inventory , Guaranty Deposits , Land 201 2,527, Land Improvements ,467, Electrification, Power and Energy Structures , Office Buildings ,242, School Buildings ,495, Hospital and Health Centers 213 2,020, Other Structures ,099, Office Equipment 221 4,086, Furniture and Fixtures 222 5,250, IT Equipment and Software ,709, Library Books 224 2,673, Machineries 226 4,937, Communication Equipment , Medical, Dental and Laboratory Equipment , Technical and Scientific Equipment ,657, Other Machineries and Equipment 240 9,547, Motor Vehicles 241 3,078, Artesian Wells, Reservoirs, Pumping Stations & Conduits , Construction in Progress-Agency Assets ,901, Accumulated Depreciation-Land Improvements 302 6,848, Accumulated Depreciation-Electrification,Power & Energy Str , Accumulated Depreciation-Office Buildings ,119, Accumulated Depreciation-School Buildings ,719, Page Total 386,116, ,692, page 1 of 2

19 REVISED CONSOLIDATED POST-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT DEBIT CREDIT P A R T I C U L A R S CODE TOTALS TOTALS ACCOUNT DEBIT CREDIT P A R T I C U L A R S CODE TOTALS TOTALS Accumulated Depreciation-Hospital and Health Centers , Accumulated Depreciation-Other Structures 315 2,145, Accumulated Depreciation-Office Equipment , Accumulated Depreciation-Furniture and Fixtures 322 2,286, Accumulated Depreciation-IT Equipment and Softwares 323 1,937, Accumulated Depreciation-Library Books 324 1,399, Accumulated Depreciation-Communication Equipment , Accumulated Depreciation-Medical,Dental and Laboratory , Accumulated Depreciation-Tech. and Scientific Equipt 336 1,738, Accumulated Depreciation-Other Machineries and Equipt ,852, Accumulated Depreciation-Motor Vehicles , Accumulated Depreciation-Artesian Wells, Reservoirs , Accounts Payable ,584, Due to BIR 412 1,454, Due to PAG - IBIG Due to PHILHEALTH Due to Other NGAs 416 1,901, Other Payables 439 4,457, Government Equity ,912, Page Total - 350,424, TOTAL 386,116, ,116, page 2 of 2 Prepared by: CHARITO M. LAYAG Admin. Assistant VI Certified Correct: MARCELINA P. LANSANG Accountant IV -

20 REVISED CONSOLIDATED PRE-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT Cash - Collecting Officers , Payroll Fund , Cash - National Treasury, MDS 108 1,950, Cash in Bank - Local Currency, CA 111 6,822, Accounts Receivable , Due from Officers and Employees 123 5, Loans Receivable-Others 126 1,068, Due from National Treasury Due from Other Funds , Other Supplies Inventory , Guaranty Deposits , Land 201 2,527, Land Improvements ,467, Electrification, Power and Energy Structures , Office Buildings ,242, School Buildings ,495, Hospitals and Health Centers 213 2,020, Other Structures ,099, Office Equipment 221 4,086, Furniture and Fixtures 222 5,250, IT Equipment and Software ,709, Library Books 224 2,673, Machineries 226 4,937, Communication Equipment , Medical, Dental and Laboratory Equipment , Technical and Scientific Equipment ,657, Other Machineries and Equipment 240 9,547, Motor Vehicles 241 3,078, Artesian Wells, Reservoirs, Pumping Stations and Conduits , Construction in Progress-Agency Assets ,901, Accumulated Depreciation-Land Improvements 302 6,848, Accumulated Depreciation-Electrification,Power & Energy Str , Accumulated Depreciation-Office Buildings ,119, Accumulated Depreciation-School Buildings ,719, Page Total 388,067, ,692, page 1 of 5

21 REVISED CONSOLIDATED PRE-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT Accumulated Depreciation-Hospital and health Centers , Accumulated Depreciation-Other Structures 315 2,145, Accumulated Depreciation-Office Equipment , Accumulated Depreciation-Furniture and Fixtures 322 2,286, Accumulated Depreciation-IT Equipment and Softwares 323 1,937, Accumulated Depreciation-Library Books 324 1,399, Accumulated Depreciation-Communication Equipment , Accumulated Depreciation-Medical,Dental and Laboratory , Accumulated Depreciation-Tech. and Scientific Equipt 336 1,738, Accumulated Depreciation-Other Machineries and Equipt ,852, Accumulated Depreciation-Motor Vehicles , Accumulated Depreciation-Artesian Wells, Reservoirs , Accounts Payable ,584, Due to BIR 412 1,454, Due to PAG - IBIG Due to Other NGAs 416 1,901, Other Payables 439 4,457, Government Equity ,830, Registration Fees 606 2,876, Clearance and Certification Fees , Comprehensive Examination Fees 614 1,445, Diploma and Graduation Fees 615 1,954, Library Fees 618 4,040, Medical, Dental and Laboratory Fees 619 6,907, Transcript of Records Fees , Other Service Income ,367, Fines and Penalties-Service Income , Rent Income 642 1,289, Tuition Fees ,124, Other Business Income-IGP 648 1,486, Subsidy Income from National Government ,644, Prior Years' Adjustments Salaries and Wages - Regular ,561, Page Total 74,562, ,515, page 2 of 5

22 REVISED CONSOLIDATED PRE-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT Salaries and Wages - Part Time 703 9,614, Salaries and Wages - Casual 705 2,863, Salaries and Wages - Contractuals 706 5,252, Personnel Employee Relief Allowance (PERA) 711 6,405, Representation Allowance (RA) , Transportation Allowance (TA) , Clothing/ Uniform Allowance 715 1,213, Subsistence, Laundry and Quarters Allowance , Productivity Incentive Allowance , Honoraria ,308, Hazard Pay , Longevity Pay , Overtime and Night Pay 723 2,891, Cash Gift 724 2,679, Year End Bonus 725 5,737, Life and Retirement Insurance Contributions 731 9,545, PAG-IBIG Contributions , PHILHEALTH Contributions , ECC Contributions , Terminal Leave Benefits , Other Personnel Benefits ,739, Traveling Expenses - Local , Traveling Expenses - Foreign , Training Expenses , Scholarship Expenses 754 8,122, Office Supplies Expenses 755 1,446, Accountable Forms Expenses , Food Supplies Expenses 758 2,154, Drugs and Medicine Expenses , Gasoline, Oil and Lubricants Expenses 761 1,078, Textbooks and Instructional Materials Expense , Other Supplies Expenses ,537, Page Total 109,972, page 3 of 5

23 REVISED CONSOLIDATED PRE-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT Water Expenses 766 1,878, Electricity Expenses 767 4,096, Cooking Gas Expenses , Telephone Expenses - Landline , Telephone Expenses - Mobile , Internet Expenses 774 1,613, Membership Dues and Contributions to Organization , Advertising Expenses , Printing & Binding Expenses , Rent Expenses , Representation Expenses , Subscription Expenses , Rewards and Other Claims , Auditing Services , Consultancy Services , General Services 795 5,502, Security Services , Other Professional Services 799 1,263, Repairs and Maintenance-Land Improvements , Repairs and Maintenance - Office Buildings , Repairs and Maintenance - School Buildings , Repairs and Maintenance - Other Structures , Repairs and Maintenance - Office Equipment , Repairs and Maintenance - Machineries , Repairs and Maintenance - Motor Vehicles , Donations 878 5, Extraordinary Expenses , Miscellaneous Expenses , Fidelity Bond Premiums , Insurance Expenses , Depreciation - Land Improvements , Depreciation-Electrification, Energy and Power Structure Depreciation - Office Buildings , Page Total 20,906, page 4 of 5

24 REVISED CONSOLIDATED PRE-CLOSING TRIAL BALANCE As of December 31, 2011 ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT ACCOUNT P A R T I C U L A R S CODE DEBIT CREDIT Depreciation - School Buildings , Depreciation-Hospital and Health Centers 913 8, Depreciation - Other Structures , Depreciation - Office Equipment , Depreciation - Furniture and Fixtures , Depreciation - IT Equipment , Depreciation - Library Books , Depreciation - Communication Equipment 929 8, Depreciation - Medical,Dental and Lab. Equipment 933 3, Depreciation - Technical and Scientific Equipment , Depreciation - Other Machineries and Equipment , Depreciation - Motor Vehicles , Depreciation - Artesian Wells, Reservoirs and Pumping Stations , Page Total 1,698, GRAND TOTAL 595,207, ,207, page 5 of 5 Prepared by: CHARITO M. LAYAG Admin. Assistant VI Certified Correct: MARCELINA P. LANSANG Accountant IV