Province of Ilocos Sur
MUNICIPALITY OF SAN ESTEBAN
OFFICE OF THE MAYOR
MUNICIPAL SCHOLARS
FINANCIAL STATEMENTS 1 - 6
FINANCIAL STATEMENT (FS) NO. 1
As of June 12, 2003
Sources of Funds:
Donations from USA during the visit of Mayor Armando Abad
1. San Estebanians of Northern California ($500)
2. San Estebanians of Hawaii ($500) P51,700.00
3. SESAA ($150)
4. The San Estebanians of Washington ($100) 12,525.00
5. SK Counterpart CY 2002 @ P5,000/ barangay 50,000.00
6. Interest earned on savings deposit CY 2002 1,156.42
7. Donation from Mr. Freddie Esperanza 2,124.00
8. Donation from Mr. Anacleto Manzano 2,000.00
9. SK Counterpart CY 2003 50,000.00
10. Donation from Mr. & Mrs. Ramon Lores 25,000.00
11. Donations from Sons & Daughters of SE Circle Hawaii ($150) 7,987.50
12. Interest earned on Savings Deposit 2003 - 131.04
TOTAL: P202,623.96
Expenses:
1. withholding tax 2002 P 231.27
2. withholding tax qrt 2003 26.20
Withdrawal of monthly stipends 3 scholars at
P7500/month (June 2002- March 2003) 75,000.00
TOTAL EXPENSES: P75,257.00
CASH BALANCE: P127,366.49
FINANCIAL STATEMENT No. 2
As of July 5, 2004
Balance Per last Report- June 12, 2003 P127,366.49
Plus:
1. Donations from SESAA, July 2003 ($300) 15,660.00
2. Donations from SE Website, July 2003 ($100) 5,220.00
3. Interest earned on Savings Deposit Qrt 2003 141.62
4. Interest earned on Savings Deposit Qrt 2003 274.32
5. Donations from San Estebanians of Washington, Oct.2003 ($200) 10,680.00
6. Donations from San Esteban Circle of California, Dec. 2003 ($200) 10,700.00
7. Interest earned on Savings Deposit Qrt. 2003 219.05
8. Interest earned on Savings Deposit Qrt. 2004 230.94
9. Donations from Mr. Rudy Europa and Mr. William Esperanza representing
Commissions from solicitations of the Souvenir Program 2003 15,500.00
10.Donations from SESAA May 2004 ($300) 16,350.00
11. SK Counterpart CY 2004 @ P5,000/barangay 50,000.00
12. Donations from SE Website c/o Susan A. Europa July 2, 2004 ($100) 5,570.00
TOTAL: P257,912.42
LESS: EXPENSES
1. withholding interest 2nd qrt 2003 P 28.32
2. withholding interest 3rd qrt 2003 54.86
3. withholding interest 4th qrt 2003 43.81
4. withholding interest 1st qrt 2004 46.18
5. Withdrawal of monthly stipend for 3 scholars
@ P7,500/mo. (June 2003 to March 2004) 75,000.00
TOTAL EXPENSES: P 75,173.17
CASH BALANCE: P182,739.75
FINANCIAL STATEMENT No. 3
as of January 31,2005
BALANCE PER LAST REPORT - July 5, 2004 P 182,739.25
Plus:
Donation from the Family of the late Tom Guinto, 11/18/04 $ 100.00 5,590.00
2. Municipal Counterpart CY 2004, 12/2/04 50,000.00
3. Interest earned on Savings Deposit Qtr.2004 253.29
4. Interest earned on Savings Deposit qtr. 2004 212.14
5. Interest earned on Savings Deposit qtr. 2004 166.10
TOTAL: P 238,960.78
Less: EXPENSES
1.Withholding Tax qtr. 2004 P 50.65
2. Withholding Tax qtr. 2004 42.42
3. Withholding Tax qtr. 2004 33.22
4. Withdrawal of monthly stipend for
5 scholars P1250.00/month
June 2004 to January, 2005 90,000.00
TOTAL EXPENSES: P 90,126.29
CASH BALANCE: P 148,834.49
FINANCIAL STATEMENT No. 4
As of August 5. 2005
Balance per Last Report - January 31, 2005 P 148,834.49
Plus:
1. Donations from San Esteban Schools Alumni Association
April 2005 C/O Vice Mayor Norman V. 16,000.00
Mendoza
2.Donation from San Esteban Website, April 2005 ($100.00) 5,430.00
3. SK Counterpart CY 2005 @ P5000.00/barangay, June 2005 50,000.00
4. Donations from Mr. and Mrs. Samuel and Fe Castro, Seattle, WA 3,216.00
5.Interest Earned on Savings Deposit, quarter 2005 163.54
6. Interest Earned on Savings Deposit, quarter 2005 125.56
TOTAL: P223,769.59
Expenses:
1.Withholding Tax (interest 1st qtr. 2005) P 32.20
2. Withholding Tax (interest 2nd qtr. 2005) 25.11
3.Withdrawal of monthly stipend for 5 scholars
@11250.00/mo.(Feb, March, June & July 2005) 45,000.00
TOTAL EXPENSES P 45,057.81
CASH BALANCE P 178,711.78
FINANCIAL STATEMENT No. 5
As of January 19, 2006
BALANCE PER LAST REPORT August 5, 2005 P 178,711.78
Plus:
Donation from San Esteban Website, 8/10/05
c/o Mr. Rudy Europa ($100 check) 5,450.00
2. Donation from SECC 11/14/05 ($500 check) 26,250.00
3. Donation from Mrs. Tessie Guinto
and Precy Pagtakhan 11/14/05 ($100) 5,540.00
4. Dance Money visit for mayor, vice mayor and
SBM Florence Ramirez in Maui
Initiative of Mr. Ernesto Carranza 11/14/05 ($78) 3,900.00
5. Municipal Counterpart CY2005 50,000.00
TOTAL: P 269,851.78
Less: EXPENSES
Withdrawal of monthly stipend for
5 scholars @ 11250.00/month
August, Sept., Oct., Nov., Dec., 2005
& Jan. 2006 P 67,500.00
TOTAL EXPENSES P 67,500.00
CASH BALANCE P 202,351.78
FINANCIAL STATEMENT No. 6
As of March 17, 2006
BALANCE PER LAST REPORT January 19, 2006 P 202,351.78
Plus:
Donation from San Esteban Schools Alumni Association
March 2006 c/o Rudy Europa , $300 15,270.00
TOTAL: P 217,621.78
Less: EXPENSES
Withdrawal of monthly stipend for
5 scholars 1,250.00/month
Feb. & March, 2006 P 22,500.00
TOTAL EXPENSES P 22,500.00
CASH BALANCE as of March 17, 2006: P 195,121.78
/:joy (J.V.C.)
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