MLBB Agency has a total appropriations amounting to 10,000,000,000.00, per General Appropriations Act (GAA) for Calendar Year
Question:
MLBB Agency has a total appropriations amounting to ₱10,000,000,000.00, per General Appropriations Act (GAA) for Calendar Year (CY) 2021 or Republic Act (RA) No. 5678. During the year, the Agency received total allotments of ₱9,400,000,000.00, out of which, obligations of ₱6,805,000,000.00 were incurred. Details are presented below:
Object of Expenditures | Appropriations | Allotments | Obligations | Disbursements |
Personnel Services | 5,000,000,000.00 | 4,500,000,000.00 | 4,300,000,000.00 | 4,000,000,000.00 |
Maintenance and Other Operating Expenses | 3,000,000,000.00 | 2,900,000,000.00 | 2,500,000,000.00 | 2,300,000,000.00 |
Financial Expenses | - | - | - | - |
Capital Outlay | 2,000,000,000.00 | 2,000,000,000.00 | 5,000,000.00 | 2,300,000,000.00 |
Total | 10,000,000,000.00 | 9,400,000,000.00 | 6,805,000,000.00 | 6,305,000,000.00 |
As of December 31, 2021, total disbursements for Personnel Services (PS), Maintenance and Other Operating Expenses (MOOE), Financial Expenses (FE) and Capital Outlay (CO) amounted to ₱4,000,000,000.00, ₱2,300,000,000.00, nil, ₱2,300,000,000.00, respectively, or a total of ₱6,305,000,000.00.
In the Registry of Appropriations and Allotments, how much are the total appropriations (in two decimal places)?
Concepts in Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher