Professional Documents
Culture Documents
The FS shall include detailed and condensed copies of the Balance Sheet
and the Income and Expense Summary. Other FS includes Cash Flows
prepared under the direct method and Statement of Changes in
Government Equity.
12.Supporting Schedules the barangay shall prepare the following supporting
schedules relating to: Public Infrastructures and Reforestation Projects;
Accounts Payable, and Accounts Receivable.
13.E-NGAS the new electronic system shall be used to speed up the recording
of transactions at the barangay and to hasten the process of consolidation of
financial statements at all levels.
Illustrations:
On January 15, 2014, the Barangay Jose Rizal incurred the
following commitments/charges:
General Fund:
Salaries & wages-regular
P20000
Repairs of office equipment
12000
Supplies and Materials
5000
Bank charges
250
IT equipments
22500
Calamity Fund-Medical & dental supplies
5000
20% Development Fund- Repairs of Roads
25000
Sangguniang Kabataan Fund
-Office equipment
15000
Gender and Development Fund-Salaries Regular
3500
Journal entry/Memo entry
To record commitment/charges incurred.
Receipts and Deposits collections made for local licenses and fees shall be
deposited intact in the next banking day
Illustrations:
During January, the Barangay Jose Rizal made the following
collections and remitted/deposited the same to city treasurer and
AGDB, respectively.
Community tax certificate(as deputize by city treasurer)
20000
Barangay:
Permit fee
5000
Clearance and Certificate fees
8000
Garbage fees
10000