FINANCIAL PROFILE (INCOME)

For the year 2009, the City Government collected a total income of FIVE HUNDRED SEVENTY TWO MILLION SIX HUNDRED SIXTEEN THOUSAND FIFTY NINE PESOS and 08/100 (Php572,616,059.08) with an increase of 7% from the city’s income of 2008. With the beginning balance amounted to TWENTY FIVE MILLION SEVEN HUNDRED NINETY ONE THOUSAND EIGHTY PESOS and 99/100 (Php25,791,080.99) contributing 4.5% of the city’s total income.

 

Out of the city’s income in 2009, General Fund has the biggest share having a total collection of FOUR HUNDRED EIGHTY SEVEN MILLION SIX HUNDRED SIXTY ONE THOUSAND SIX HUNDRED TWELVE PESOS and 60/100 (Php487,661,612.60) which contributes 85% of the city’s total income.  It has an increase of 11% from the 2008 income of FOUR HUNDRED THIRTY THREE MILLION SIX HUNDRED NINETY SEVEN THOUSAND SIX HUNDRED TWENTY PESOS and 08/100 (Php433,697,620.08).

 

Special Education Fund has a total collection of EIGHTY FOUR MILLION NINE HUNDRED FIFTY FOUR THOUSAND FOUR HUNDRED FORTY SIX PESOS and 48/100 (Php84,954,446.48) contributing 15% of the city’s total income in 2009.  It has an increase of 3% from 2008 collection of EIGHTY TWO MILLION SIX HUNDRED NINETY THOUSAND TWO HUNDRED EIGHT PESOS and 61/100 (Php82,690,208.61).

 

The bulk of the city’s General Fund income came from Other Income which has a total collection of ONE HUNDRED EIGHTY NINE MILLION NINE HUNDRED FOURTY SIX THOUSAND NINE HUNDRED TWENTY FOUR PESOS and 57/100 (Php189,946,924.57) contributing 38.95%.  Real Property Tax collected a total amount of ONE HUNDRED TWENTY ONE MILLION SEVEN HUNDRED SEVENTY EIGHT THOUSAND ONE HUNDRED EIGHTY SIX PESOS and 95/100 (Php121,778,186.95) contributing 24.97%.  Service Income collected a total amount of ONE HUNDRED TWENTY SEVEN MILLION FIVE HUNDRED EIGHTY THREE THOUSAND FIVE HUNDRED ELEVEN PESOS and 04/100 (Php127,583,511.04) contributing 26.16%.   Local Income collected the amount of THIRTY TWO MILLION THREE HUNDRED THIRTY SIX THOUSAND SIX HUNDRED EIGHTY FIVE PESOS and 45/100 (Php32,336,685.45) contributing 6.63%.  Permits and Licenses collected a total amount of SIXTEEN  MILLION SIXTEEN THOUSAND THREE HUNDRED FOUR PESOS and 59/100 (Php16,016,304.59) contributing 3.28% of the total General Fund income.

 

FINANCIAL PROFILE (EXPENDITURE)

For the year 2009, the City Government of Tagaytay had a total expenditure of FIVE HUNDRED FORTY ONE MILLION TWO HUNDRED FIFTY SEVEN THOUSAND SIX HUNDRED EIGHT PESOS and 86/100 (Php541,257,608.86) which shows an increase of 6% from the city’s expenditure in 2008.

 

Out of the total expenditures in 2009, FOUR HUNDRED FIFTY THREE MILLION THIRTEEN THOUSAND FORTY SIX PESOS and 84/100 (Php453,013,046.84)  or 87% came from the General Fund.  This showed an increase of 4% from 2008 General Fund expenses of TWENTY MILLION FIFTY THREE THOUSAND TWO HUNDRED FIFTY NINE PESOS and 48/100 (Php20,053,259.48).

 

Special Education Fund (SEF) expended a total amount of SIXTY EIGHT MILLION THREE HUNDRED SIX THOUSAND THREE HUNDRED ONE PESOS and 33/100 (Php68,306,301.33) or 13% of the city’s total expenditures.  This showed a decrease of 14% from SEF expenditures for 2008 of NINE MILLION FOUR HUNDRED THIRTY FOUR THOUSAND SIX HUNDRED SEVENTY PESOS and 04/100 (Php9,434,670.04).