BOD attends CU forum in Thailand - DCCCO

Page 8 KASANAG July—September 2009
2009 2008
Increase/(Decrease )
Amount %
Savings Mobilization 394,289,050.10 333,023,604.89 61,265,445.21 18%
Share Capital 349,254,499.77 309,957,915.58 39,296,584.19 13%
Net Loans Receivables 563,876,052.17 487,223,398.22 76,652,653.95 16%
Total Investments 164,949,015.53 98,308,105.70 66,640,909.83 68%
Total Property &
Equipment
From the General Manager’s Desk
by Felicidad L. Ruiz
62,601,400.96 54,067,829.74 8,533,571.22 16%
Total Assets 903,140,983.78 766,516,229.44 136,624,754.34 18%
Loans Released 456,090,466.00 300,357,200.00 155,733,266.00 52%
Loan Repayments 393,337,192.05 259,008,191.36 134,329,000.69 52%
Gross Income 102,696,099.73 86,308,179.00 16,387,920.73 19%
Net Surplus/(Loss) 44,846,322.27 41,649,406.78 3,196,915.49 8%
The Board of
Directors (BOD)
has decided that
DCCCO will not
trade directly in
the stocks since it is very risky. DCCCO
cannot also entrust the decision to one
person as trading needs immediate
decision-making.
*****************
DCCCO is now providing a counter
and a waiting area for senior citizens and
differently abled. Finance Officer Flora
Visminda S. Antique (Teller 1) is designated
to accommodate their transactions
on a “First-Come, First-Served” basis.
However, if their transactions are done
by their representatives, then the representatives
will have to follow the normal
procedure.
*******************
To reach out to its members in order
to serve them better, DCCCO will soon
open a branch office in the island of
Siquijor. Preparations are being finalized
with the target of being operational
before the end of the year. The office is
located at Estrella M. Ambalong
Building, Poblacion, Siquijor, Siquijor.
CONSOLIDATED FINANCIAL HIGHLIGHTS
(As of September 30, 2009 and 2008)
(in pesos)
Treasurer’s Potpourri
by Gaspar L. Arbas, Jr.
The results of operation for the 9-month
period ending September 30, 2009 showed
that DCCCO registered a favorable variance
of 14.49% over that of the budget for
the period. This is supported by the following
figures:
Bayawan Branch updates
by Felix C. Pino
Ang Siyudad sa Bayawan, ilalom
sa kamanduan ni Hon. German P.
Saraña, Jr., miaprobar sa hangyo sa pagpahigayon
ug “Inter-agency Basketball
Tournament” (Season 2). Kini gisalmutan
sa nagkalain-laing mga ahensya sa
siyudad sa Bayawan nga gi–isponsoran
sa Trenthshoppe Bayawan pinaagi ni
Mr. Lincoln M. Diao ug gipanguluhan ni
Karl Vincent Dumat-ol.
Ang DCCCO Bayawan Branch
misalmot sa maong torneyo uban sa
dose (12) ka mga grupo. Gisugdan kini
pinaagi sa usa ka parada libot sa siyudad
niadtong Oktubre 4, 2009 sa alas tres sa
hapon. Human sa maong parada gihimo
ang mobong pakigpulong gikan sa nagpatigayon
ug ingon man sa nagpaluyo sa
maong torneyo.
/cont. to page 9
MAIN OFFICE Actual Budgeted Variance
Total Income 81,025,641.49 85,837,395.35 (4,811,753.86)
Total Expenses 45,030,159.17 53,004,145.08 7,973,985.91
Undivided Net Surplus 35,995,482.32 32,833,250.27 3,162,232.05
BAIS BRANCH Actual Budgeted Variance
Total Income 9,158,859.18 10,104,092.97 (945,233.79)
Total Expenses 4,781,396.79 5,550,005.73 768,608.94
U.N. Surplus/(Loss) 4,377,462.39 4,554,087.24 (176,624.85)
BAYAWAN BRANCH Actual Budgeted Variance
Total Income 6,306,401.03 6,348,590.19 -42,189.16
Total Expenses 3,579,635.40 4,965,638.83 1,386,003.43
U.N. Surplus/(Loss) 2,726,765.63 1,382,951.36 1,343,814.27
GUIHULNGAN BR. Actual Budgeted Variance
Total Income 6,205,198.03 4,559,187.12 1,646,010.91
Total Expenses 4,458,586.10 4,170,769.21 -287,816.89
U.N. Surplus/(Loss) 1,746,611.93 388,417.91 1,358,194.02
CONSOLIDATED Actual Budgeted Variance
Total Income 102,696,099.73 106,849,265.62 -4,153,165.89
Total Expenses 57,849,777.46 67,677,069.05 9,827,291.59
U.N. Surplus/(Loss) 44,846,322.27 39,172,196.57 5,674,125.70