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2012

 

 

CULTURAL CENTER OF THE PHILIPPINES

Corporate Operating Budget

Calendar Year 2012

 

 

The Corporate Operating Budget (COB) of the Cultural Center of the Philippines (CCP) for CY 2012 per Board Resolution No. L-079-12 dated February 22, 2012 as approved by the Department of Budget and Management (DBM) is Three Hundred Seventy Million Eighty Two Thousand Pesos Only (P370,082,000) detailed as follows:

 

 

Particulars

Amount

 

Corporate Operating Budget

 

   Personal Services

   Maintenance & Other Operating Expenses

   Capital Outlays

 

 

 

         149,587,000

         195,495,000

           25,000,000

 

   Total

         370,082,000

 

Corporate Sources of Fund

 

   Corporate Income

   National Government Subsidy  

   Share from Tobacco Inspection Fees                            

 

 

 

         147,700,000    

         195,000,000

             7,000,000

 

   Total

         349,700,000

 

 

Excess (Shortfall)

        ( 20,382,000)

 

 

Note: The projected shortfall of P20.382 million shall be covered by the CCP

Corporate Fund account balance at the beginning of CY 2012.

 

The approval of this COB is subject to the following conditions:

 

  • All expenditures, whether current operating expenditures or capital outlay shall be made within the limits of available funds realized from corporate receipts and National Government budgetary support.
  • Disbursements for personnel amelioration/benefit shall be in accordance with the pertinent compensation laws, rules and regulations. Such expenditures shall also be conditioned on the relevant General Provisions of R.A. No. 10155, the FY 2012 General Appropriations Act or any specific law or approval of the President of the Philippines or the DBM as the case maybe.
  • Disbursements for extraordinary and miscellaneous expenses shall be subject to Section 22 of the General Provisions of R.A. 10155.
  • For equipment items per Annual Equipment Procurement Program that requires specific clearance/approval from the agencies concerned, the same shall be secured before acquisitions in accordance with the pertinent DBM Budget Circulars, Office of the President Memorandum Circulars and Executive Orders among others.
  • The pertinent laws, rules and regulations including those on compensation, procurement, budgeting, accounting and auditing shall be strictly followed. Compliance with all the existing laws, rules and regulations shall be the responsibility of the CCP.

 

 

 

CULTURAL CENTER OF THE PHILIPPINES

Budget Variance Report

As of October 31, 2012

 

 

 

The Cultural Center of the Philippines (CCP) as of October 31, 2012 realized P130.850 million or eighty nine percent (89%) of its total target income. P146.250 million or seventy two percent (72%) of the total budgetary support from the National Government has been collected. The CCP’s actual and committed expenditures amounted to P264.466 or seventy one percent (71%) of its total projected expenditures for CY 2012. With still two months left before the end of the year, the CCP already achieved a net favorable budget variance of P33.016 million. The details are as follow:

 

 

 

Accounts

 

2012 COB

Actual & Committed

 

Variance

 

Corporate Income

    Operating and Service Income

    Non-Operating Income

 

 

  52,105,000

  95,595,000

 

 

 

 53,464,638

 77,385,375

 

 

    1,359,638

(18,209,625)

    Total

147,700,000

130,850,013

(16,849,987)

 

Budgetary Support

    National Government Subsidy

    Share from Tobacco Inspection Fees

 

 

195,000,000

    7,000,000

 

 

 

146,250,000

 

 

(48,750,000)

(  7,000,000)

    Total

202,000,000

146,250,000

(55,750,000)

 

Total Corporate Income & Budgetary Support

 

349,700,000

 

277,100,013

 

(72,599,987)

 

Operating Expenses

   Personal Services

   Maintenance & Other Operating Expenses

 

 

 

149,587,000

195,495,000

 

 

108,686,389

140,061,884

 

 

 40,900,611

 55,433,116

Total Operating Expenses

345,082.000

248,748,273

 96,333,727

 

 

 

 

Capital Outlay

  25,000,000

  15,717,527

   9,282,473

 

 

 

 

 

Total Working Budget

 

370,082,000

 

264,465,800

 

105,616,200

 

 

 

 

Surplus (Deficit)

( 20,382,000)

  12,634,213

  33,016,213

 

Note : Actual and committed income and expenditures are inclusive of the applicable Value Added Tax

(output & input tax)

2011

 

CULTURAL CENTER OF THE PHILIPPINES

Corporate Operating Budget

Calendar Year 2011

 

 

The Corporate Operating Budget (COB) of the Cultural Center of the Philippines (CCP) for CY 2011 per Board Resolution No. L-035-11 dated March 16, 2011 as approved by the Department of Budget and Management (DBM) is Three Hundred Thirty One Million Three Hundred Sixty Eight Thousand Pesos Only (P331,368,000) detailed as follows:

 

 

Particulars

Amount

 

Corporate Operating Budget

 

   Personal Services

   Maintenance & Other Operating Expenses

   Capital Outlays

  

 

 

 

       142,229,000

       171,139,000

         18,000,000

        

   Total

       331,368,000

 

Corporate Sources of Fund

 

   Corporate Income

   National Government Subsidy  

   Share from Tobacco Inspection Fees

                           

 

 

 

       135,427,000

       195,000,000   

           6,600,000

   

   Total

       337,027,000

 

 

Excess (Shortfall)

           5,659,000

 

Note: The COB includes the DBM approved supplemental budget of P9.027 million

chargeable against CCP Corporate Fund.

 

The approval of this COB is subject to the following conditions:

 

  • All expenditures, whether current operating expenditures or capital outlay shall be made within the limits of available funds realized from corporate receipts and National Government budgetary support.
  • Disbursements for personnel amelioration/benefit shall be in accordance with the pertinent compensation laws, rules and regulations. Such expenditures shall also be conditioned on the relevant General Provisions of R.A. No. 10147, the FY 2011 General Appropriations Act or any specific law or approval of the President of the Philippines or the DBM as the case maybe.
  • Disbursements for extraordinary and miscellaneous expenses shall be subject to Section 22 of the General Provisions of R.A. 10147.
  • For equipment items per Annual Equipment Procurement Program that requires specific clearance/approval from the agencies concerned, the same shall be secured before acquisitions in accordance with the pertinent DBM Budget Circulars, Office of the President Memorandum Circulars and Executive Orders among others.
  • The pertinent laws, rules and regulations including those on compensation, procurement, budgeting, accounting and auditing shall be strictly followed. Compliance with all the existing laws, rules and regulations shall be the responsibility of the CCP.

 

 

 

 

 

CULTURAL CENTER OF THE PHILIPPINES

Budget Variance Report

As of December 31, 2011

 

 

 

The Cultural Center of the Philippines (CCP) in CY 2011 realized a corporate income of P137.389 million exceeding its target income by P1.962 million. The budgetary support from the National Government for the year was all collected in full. The CCP’s actual and committed expenditures amounted to P299.505 million or ninety percent (90%) of its projected expenditures for CY 2011. As a result, the CCP achieved a net favorable budget variance of P33.850 million. The details are as follow:

 

 

 

Accounts

 

2011 COB

Actual & Committed

 

Variance

 

Corporate Income

    Operating and Service Income

    Non-Operating Income

 

 

  44,115,000

  91,312,000

 

 

 45,475,578

 91,913,613

 

 

 

    1,360,578

       601,613

    Total

135,427,000

137,389,191

    1.962,191

 

Budgetary Support

    National Government Subsidy

    Share from Tobacco Inspection Fees

 

 

195,000,000

    6,600,000

 

 

195,000,000

    6,624,783

 

 

-

         24,783

 

    Total

201,600,000

201,624,783

         24,783

 

Total Corporate Income & Budgetary Support

 

337,027,000

 

339,013,974

 

    1,986,974

 

Operating Expenses

   Personal Services

   Maintenance & Other Operating Expenses

 

 

 

142,229,000

171,139,000

 

 

125,115,283

164,744,880

 

 

 

  17,113,717

    6,394,120

Total Operating Expenses

313,368,000

289,860,163

 23,507,837

 

 

 

 

Capital Outlay

  18,000,000

    9,644,837

   8,355,163

 

 

 

 

Total Working Budget

331,368,000

299,505,000

 31,863,000

 

 

 

 

Surplus (Deficit)

    5,659,000

  39,508,974

 33,849,974

 

 

Note 1-The projected share from tobacco inspection fees was increased by P1.600 million based on the collection

of fees for 2010 as certified by the  Bureau of Internal Revenue.

 

Note 2-Actual and committed income and expenditures are inclusive of the applicable Value Added Tax

(output & input tax).

2010

CULTURAL CENTER OF THE PHILIPPINES

Corporate Operating Budget

Calendar Year 2010

 

 

The Corporate Operating Budget (COB) of the Cultural Center of the Philippines (CCP) for CY 2010 per Board Resolution No. L-007-10 dated June 9, 2010 as approved by the Department of Budget and Management (DBM) is Two Hundred Eighty One Million Two Hundred Twelve Thousand Pesos Only (P281,212,000) detailed as follows:

 

 

Particulars

Amount

 

Corporate Operating Budget

 

   Personal Services

   Maintenance & Other Operating Expenses

   Capital Outlays

 

 

 

         112,721,000

         159,491,000

             9,000,000

 

   Total

         281,212,000

 

Corporate Sources of Fund

 

   Corporate Income

   National Government Subsidy  

   Share from Tobacco Inspection Fees                           

 

 

 

         120,517,000

         100,000,000

             5,000,000

 

   Total

         225,517,000

 

 

Excess (Shortfall)

         ( 55,695,000)

 

Note 1-The COB includes the DBM approved supplemental budget of P5.517 million

chargeable against CCP Corporate Fund.

 

Note 2-The projected shortfall of P55.695 million shall be covered by the expected

collection of prior years accounts receivable.

 

The approval of this COB is subject to the following conditions:

 

  • All expenditures, whether current operating expenditures or capital outlay shall be made within the limits of available funds realized from corporate receipts and National Government budgetary support.
  • Disbursements for personnel amelioration/benefit shall be in accordance with the pertinent compensation laws, rules and regulations. Such expenditures shall also be conditioned on the relevant General Provisions of R.A. No. 9970, the FY 2010 General Appropriations Act or any specific law or approval of the President of the Philippines or the DBM as the case maybe.
  • Disbursements for extraordinary and miscellaneous expenses shall be subject to Section 22 of the General Provisions of R.A. 9970.
  • For equipment items per Annual Equipment Procurement Program that requires specific clearance/approval from the agencies concerned, the same shall be secured before acquisitions in accordance with the pertinent DBM Budget Circulars, Office of the President Memorandum Circulars and Executive Orders among others.
  • The pertinent laws, rules and regulations including those on compensation, procurement, budgeting, accounting and auditing shall be strictly followed. Compliance with all the existing laws, rules and regulations shall be the responsibility of the CCP.

 

 

 

CULTURAL CENTER OF THE PHILIPPINES

Budget Variance Report

As of December 31, 2010

 

 

The Cultural Center of the Philippines (CCP) in CY 2010 realized a corporate income of P127.208 million exceeding its target income by P6.691 million. The budgetary support from the National Government for the year was all collected in full. CCP’s actual and committed expenditures amounted to P280.367 million which is ninety nine percent (99%) of its total projected expenditures for CY 2010. Even with a significant decrease in government subsidy from P200.00 million in 2009, down to P100.00 million for 2010, the CCP still managed to achieve a net favorable budget variance of P7.535 million. The details are as follow:

 

 

 

Accounts

 

2010 COB

Actual & Committed

 

Variance

 

Corporate Income

    Operating and Service Income

    Non-Operating Income

 

 

 

  38,947,000

  81,570,000

 

 

 42,648,486

 84,559,285

 

 

  3,701,486

  2,989,285

    Total

120,517,000

127,207,771

  6,690,771

 

Budgetary Support

    National Government Subsidy

    Share from Tobacco Inspection Fees

 

 

100,000,000

    5,000,000

 

 

100,000,000

    5,000,000

 

 

 

-

-

    Total

105,000,000

105,000,000

-

 

Total Corporate Income & Budgetary Support

 

225,517,000

 

232,207,771

 

   6,690,771

 

Operating Expenses

   Personal Services

   Maintenance & Other Operating Expenses

 

 

 

112,721,000

159,491,000

 

 

112,699,009

159,251,988

 

 

       21,991

     239,012

Total Operating Expenses

272,212,000

271,950,997

     261,003

 

 

 

 

Capital Outlay

    9,000,000

    8,416,490

     583,510

 

 

 

 

Total Working Budget

281,212,000

280,367,487

     844,513

 

 

 

 

Surplus (Deficit)

(55,695,,000)

( 48,159,716)

   7,535,284

 

 

Note: Actual and committed income and expenditures are inclusive of the applicable Value Added Tax

(output & input tax).

2009

 

CULTURAL CENTER OF THE PHILIPPINES

Corporate Operating Budget

Calendar Year 2009

 

 

The Corporate Operating Budget (COB) of the Cultural Center of the Philippines (CCP) for CY 2009 per Board Resolution No. K-039-09 dated July 22, 2009 as approved by the Department of Budget and Management (DBM) is Three Hundred Fifty Five Million Five Hundred Forty Two Thousand Pesos Only (P355,542,000) detailed as follows:

 

 

Particulars

Amount

 

Corporate Operating Budget

 

   Personal Services

   Maintenance & Other Operating Expenses

   Capital Outlays

 

 

 

107,242,000

198,300,000

50,000,000

 

   Total

355.542,000

 

Corporate Sources of Fund

 

   Corporate Income

   National Government Subsidy  

   Share from Tobacco Inspection Fees                           

 

 

 

120,513,000

200,000,000

5,000,000

 

   Total

325,513,000

 

 

Excess (Shortfall)

(30,029,000)

 

                          

Note 2-The projected shortfall of P30.029 million was taken from the unrestricted

cash balance at the beginning of the year.

 

The approval of this COB is subject to the following conditions:

 

  • All expenditures, whether current operating expenditures or capital outlay shall be made within the limits of available funds realized from corporate receipts and National Government budgetary support.
  • Disbursements for personnel amelioration/benefit shall be in accordance with the pertinent compensation laws, rules and regulations. Such expenditures shall also be conditioned on the relevant General Provisions of R.A. No. 9524, the FY 2009 General Appropriations Act or any specific law or approval of the President of the Philippines or the DBM as the case maybe.
  • Disbursements for extraordinary and miscellaneous expenses shall be subject to Section 22 of the General Provisions of R.A. 9524.
  • For equipment items per Annual Equipment Procurement Program that requires specific clearance/approval from the agencies concerned, the same shall be secured before acquisitions in accordance with the pertinent DBM Budget Circulars, Office of the President Memorandum Circulars and Executive Orders among others.
  • The pertinent laws, rules and regulations including those on compensation, procurement, budgeting, accounting and auditing shall be strictly followed. Compliance with all the existing laws, rules and regulations shall be the responsibility of the CCP.

 

 

 

 

CULTURAL CENTER OF THE PHILIPPINES

Budget Variance Report

As of December 31, 2009

 

 

The Cultural Center of the Philippines (CCP) in CY 2009 realized a corporate income of P113.814 million representing ninety four percent (94%) of its target income. The budgetary support from the National Government for the year was not collected in full. CCP’s actual and committed expenditures amounted to P332.371 million which is ninety three percent (93%) of its total projected expenditures for CY 2019.

 

 

 Accounts

 2009 COB

Actual & Committed

 Variance

 

Corporate Income

    Operating and Service Income

    Non-Operating Income

 

 

 

 25,610,000

 94,903,000

 

 

31,635,797

82,178,380

 

 

6,025,797

(12,724,620)

    Total

120,513,000

113,814,177

(  6,698,823)

 

Budgetary Support

    National Government Subsidy

    Share from Tobacco Inspection Fees

 

 

200,000,000

5,000,000

 

 

168,824,000

5,844,571

 

 

 

(31,176,000)

844,571

    Total

205,000,000

174,668,571

(30,331,429)

 

Total Corporate Income & Budgetary Support

 

325,513,000

 

288,482,748

 

(37,030,252)

 

Operating Expenses

   Personal Services

   Maintenance & Other Operating Expenses

 

 

 

107,242,000

198,300,000

 

 

104,884,580

182,371,028

 

 

2,357,420

15,928,972

Total Operating Expenses

305,542,000

287,255,608

18,286,392

 

 

 

 

Capital Outlay

50,000,000

45,116,330

4,883,670

 

 

 

 

Total Working Budget

355,542,000

332,371,938

 23,170,062

 

 

 

 

Surplus (Deficit)

(30,029,000)

( 43,889,190)

(13,860,190)

 

 

Note 1-The uncollected government subsidy of P31.176 million was retained by the Department

of Budget and Management citing budgetary constraint.

                      

Note 2-Actual and committed income and expenditures are inclusive of the applicable Value Added

Tax (output & input tax).

  

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