Revised Statement of Receipts and Expenditures Format

July 18, 2008 JOINT DOF-DBM CIRCULAR NO. 02-08 TO : All Governors, City Mayors, Municipal Mayors, Sanggunian Members, Municipal, City and Provincial Treasurers, Accountants and Budget Officers, Regional Directors of DOF-BLGF and DBM, and All Others Concerned SUBJECT : Revised Statement of Receipts and Expenditures Format 1.0 The revised Statement of Receipts and Expenditures (SRE) is issued for adoption consistent with Section 317 of R.A. 7160, otherwise known as, the Local Government Code of 1991, the Revised Philippine Government Chart of Accounts (PGCA) and the DILG-NEDA-DBM and DOF Joint Memorandum Circular No. 1, Series of 2007 dated March 8, 2007. EIcTAD 2.0 PURPOSE 2.1 This Circular is issued for the following objectives: 2.1.1 To identify the specific local sources of income of local government units (LGUs) as well as their expenditures consistent with the use of the comprehensive Chart of Accounts in accordance with COA Circular No. 2008-001 dated January 29, 2008, prescribing the Revised Philippine Government Chart of Accounts. 2.1.2 To synchronize the preparation of the SRE by adopting a revised format to be accomplished by the Treasurers, Accountants and the Budget Officers of the LGUs as follows: 2.1.2.1 The Treasurer shall provide the actual receipts and expenditures for the past year and the first two (2) quarters of the current year. These shall be reflected in the past year column and the current year of the SRE for the two (2) quarters of the current year. 2.1.2.2 The Accountant jointly with the Treasurer shall certify the actual receipts and expenditure for the past year and for the two (2) quarters of the current year. TacADE 2.1.2.3 The Budget Officer in coordination with the Treasurer and Accountant shall prepare the estimates of the receipts and expenditures of the last two (2) quarters of the current year and that of the budget year. 3.0 COVERAGE 3.1 All provinces, cities and municipalities are covered by this Circular. ADTCaI 4.0 GENERAL GUIDELINES 4.1 Both the receipts and expenditures shall be aligned with the Account Codes embodied in the Revised Philippine Government Chart of Accounts pursuant to COA Circular No. 2008-001. 4.2 The expenditure sector of the SRE is based on Section 317 of R.A. 7160 (The 1991 Local Government Code) which is categorized into social, economic and general services. SCHIcT 5.0 RESPONSIBILITY OF TREASURER, ACCOUNTANT AND BUDGET OFFICER The Treasurer, Accountant and Budget Officer shall be jointly responsible for the implementation of this Circular. 6.0 EFFECTIVITY This Circular shall take effect immediately. (SGD.) MARGARITO B. TEVES Secretary Department of Finance (SGD.) ROLANDO G. ANDAYA, JR. Secretary Department of Budget and Management ATTACHMENT Name of LGU: __________________ STATEMENT OF RECEIPTS AND EXPENDITURES For the period: _________________ ______________________ Funds Particulars Account Code (1) (PGCA) (2) RECEIPTS I. Beginning Cash Balance II. Receipts: A. Local Sources 1. Tax Revenue a. Real Property Tax (RPT) 523 b. Special Education Tax 524 c. Other Local Taxes Total Tax Revenue 2. Non-Tax Revenue a. Regulatory Fees 1. License Fees 551 2. Permit Fees 556 3. Other Fees 568 b. Business and Service Income c. Other Income/Receipts Total Non-Tax Revenue B. External Sources 1. Share from National Tax Collection (IRA) 541 2. Share from GOCCs (PAGCOR & PCSO) 645 3. Other Share from National Tax Collection a. Share from Ecozone 642 b. Share from EVAT 643 c. Share from National Wealth 644 d. Share from Tobacco Excise Tax 646 4. Extraordinary Receipts a. Grants and Donations 649 b. Other Subsidy Income 639 5. Inter-local Transfers a. Subsidy from LGUs 636 b. Subsidy from Other Funds 638 6. Capital/Investment Receipts a. Gain on Sale of Assets 623 b. Gain on Investments 624 C. Receipts from Loans and Borrowings Total Receipts EXPENDITURES I. General services II. Economic Services III. Social Services IV. Debt Services Total Expenditures Certified by: ______________________________ _______________________________ Municipal/City/Provincial Treasurer Municipal/City/Provincial Accountant __________________________________ Municipal/City/Provincial Budget Officer Noted by: ___________________ Local Chief Executive Notes: 1. The numbers appearing on the Account Code column constitutes the new account number pursuant to COACircularNo.2008-001 (PrescribingaRevisedPhilippine Government ChartofAccounts) dated January 29, 2008. 2. The Other Local Taxes falling under Tax Revenue, Other Fees, Business and Service Income and Other Income/Receipts under Non-Tax Revenue are indicated in Annex "A". cAISTC 3. The offices responsible under general and economic services and the sub sectors falling under social services are indicated in Annex "B". 4. Debt service refers to the sum of loan repayments, interest payments, commitment fees and other charges on foreign and domestic borrowings. ADEHTS ANNEX A Local Sources Account Code Tax Revenue Other Local Taxes Documentary Stamp Tax 508 Amusement Tax 509 Professional Tax 516 Property Transfer Tax 508 Stock Transfer Tax 509 Common Carrier Tax 516 Motor Vehicles Users Tax 517 Special Levy on Idle Lands 518 Special Levy on Lands Benefited by Public Works Projects 519 Printing and Publication Tax 522 Tax on Sand, Gravel and Other Quarry Products 525 Tax on Delivery Vans and Trucks 526 Community Tax 527 Percentage Tax 528 Non Tax Revenue Other Fees Registration Fees 552 Inspection Fees 553 Processing Fees 554 Clearance and Certification Fees 555 Fees on Weights and Measures 557 Occupation Fees 558 Other Fees 568 Fines and Penalties Fees, Permits and License Income 569 Business and Service Income Sale Revenue 571 Commission Income 572 Concession Income 573 Rent/Lease Income 574 Guarantee Income 575 Generation, Transmission and Distribution Income 576 Winnings 577 Unclaimed Prizes 578 Insurance/Reinsurance Premiums 579 School Fees 581 Seminar/Training Fees 582 Examination Fees 583 Athletic and Cultural Fees 584 Fabrication Fees 585 Financing Fees 586 Irrigation Fees 587 Landing and Aeronautical Fees 588 Parking/Terminal Fees 589 Toll Fees 591 Transportation Fees 592 Port Duties and Fees 593 Wharfage Fees 594 Lodging Fees 595 Hospital Fees 596 Medical, Dental and Laboratory Fees 597 Market and Slaughterhouse Fees 598 Garbage Fees 601 Management Supervision/Trusteeship Fees 602 Consultancy Fees 603 Audit Fees 604 Consular Service Fees 605 Legal Fees 606 Litigation Fees 607 Participation Fees 608 Postal and Telemoney Order Fees 609 Income from Economic Enterprises 611 Interest Income 612 Dividend Income 613 Membership Fees 614 Other Business and Service Income 618 Fines and Penalties Business and Service Income 519 Other Income/Receipts Sales Revenue 571 Commission Income 572 Concession Income 573 Rent/Lease Income 574 Generation, Transmission and Distribution Income 576 Winnings 577 Prizes 784 Unclaimed Prizes 578 School Fees 581 Seminar/Training Fees 582 Examination Fees 583 Athletic and Cultural Fees 584 Fabrication Fees 585 Financing Fees 586 Irrigation Fees 587 Landing and Aeronautical Fees 588 Parking/Terminal Fees 569 Toll Fees 591 Lodging Fees 595 Hospital Fees 596 Hospital Free Services 666 Medical, Dental and Laboratory Fees 597 Market and Slaughterhouse Fees 598 Garbage Fees 601 Management Supervision/Trusteeship Fees 602 Consultancy Fees 603 Participation Fees 608 Interest Income 612 Dividend Income 613 Other Business and Service Income 618 Fines and Penalties Business and Service Income 619 Gain on Foreign Exchange 621 Other Gains 629 ANNEX B General Services Executive Legislative Planning & Development Coordination Budgeting Treasury Accounting Administrative Civil Registry General Assessment of Real Property Auditing Information Legal Prosecution Administration of Justice Land Registration Mining Claim Registration Police Fire Protection Repair Maintenance of Government Facilities Economic Services Agriculture Veterinary Natural Resources Architecture Engineering Operation of Economic Enterprises & Public Utilization Tourism Social Services Education and Manpower Development Services Health Services Housing & Community Development Social Welfare Services