Live Breaking News & Updates on Uot Said Hermano In The Press Statement He Added That Due To Pandemic

SURPLUS. Amid the health pandemic, the Iloilo City government has incurred over PHP400 million surplus in 2021. The city treasurer cited good financial management as one of the reasons for the huge surplus.(Photo courtesy of Arnold Almacen/City Mayor's Office) ILOILO CITY - Good financial management resulted in this city's gaining over PHP400 million surplus amid the health pandemic. The city's Public Information Office (PIO) in a press statement on Wednesday said the city has an excess collection of PHP149.31 million, PHP237.11 million savings from Personnel Services (PS) and Maintenance and Other Operating Expenses (MOOE), and PHP14.27 million adjustment as per the report of the City Accountant's Office. City Treasurer Jinny Hermano said the savings were from projects and programs that were not implemented, unspent PS, and underestimated revenue with the city treasurer collecting more than the projected collectibles. He said the city government exceeded its business t ....

Iloilo City , Jerryp Trenas , Jinny Hermano , Development Council , City Accountant Office , Economic Enterprise Office , Public Information Office , Personnel Services , City Accountant , Treasurer Jinny Hermano , Local Economic Enterprise Office , Iloilo City Mayor Jerry , Local Development , Surplus Amid The Health Pandemic , He Iloilo City Government Has Incurred Over Php400 Million Surplus In 2021 The Treasurer Cited Good Financial Management As One Of Reasons For Huge Photo Courtesy Arnold Almacen Mayor 39s Office Resulted This Gaining Amid Health Pandemic Public Information Pio Ina Press Statement On Wednesday Said An Excess Collection Php149 31 , Hp237 11 Million Savings From Personnel Services Ps And Maintenance Other Operating Expenses Mooe , Nd Php14 27 Million Adjustment As Per The Report Of City Accountant 39s Office Treasurer Jinny Hermano Said Savings Were From Projects And Programs That Not Implemented , Nspent Ps , Nd Underestimated Revenue With The City Treasurer Collecting More Than Projected Collectibles He Said Government Exceeded Its Business Taxes By Php136 Million And Real Property Tax At Least Php65 Quot Gains Were Outcome Of Good Financial Management We Hope For Another Surplus This Year As Intends To Re Implement Collection Strategy While Encouraging Prudent Spending , Uot Said Hermano In The Press Statement He Added That Due To Pandemic , He Expenses Were Limited To What Was Appropriated By The City Government Quot We Did Not Spend Too Much That 39s Why Have Savings From Mooe And Ps , Uot Hermano Said Only Last Month , He City Government Announced That The Local Economic Enterprise Office Leeo Manages Operations Of Markets And Slaughterhouse Also Posteda Higher Collection Last Year Its Market Was By Php3 Million From Php78 Target While Up Php4 Php18 Ina Press Conference On Monday , Loilo City Mayor Jerryp Trenas Said That The Surplus Will Be Used For Programs Were Not Funded Last Year And Other Projects Identified By Local Development Council Pna ,