Dagupan collects P326.3M in Jan-Jun 2014
RIGHT ON TARGET
THINGS are looking up for the city’s finances.
Dagupan City collected P326.3 million in the first six months of the year, comprising 51 per cent of the P628 million estimated revenue in the approved 2014 budget.
The revenues from January to June this year is higher by almost P30 million than the P297.3 million earned in the same period last year.
City Budget Officer Luz de Guzman reported that business taxes and licenses collected by the city treasurer’s office through the One Stop Business Center netted P94.8 million, 13 per cent higher than last year’s P83.8 million.
Receipts from the public markets produced a revenue of P24.1 million, higher than P17.4 million during the period in review.
Mayor Belen Fernandez introduced tougher policies on the collection of fees in markets and her hands-on management style set an example among collectors.
Meanwhile, Dagupan’s share from the internal revenue allotment (IRA) also increased to P136.3 million from P123 million.
De Guzman said the Fernandez administration has been observing judicious spending despite its increased revenues.
Expenditures in all offices of the city government in the first half of the year, a report indicates, covered 58 percent of the annual budget, leaving a balance of 42 percent for the rest of the year.
In sharp contrast, the previous administration under former Mayor Benjamin Lim already exhausted most of its 2013 budget by May.
As of June 16 this year, expenditures in all offices, including the 20 percent development fund, five percent calamity fund, amounted to P239. 1 million, leaving a balance of P388.7 million.—LVM
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