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Socio Economic Profile 2008 - Navotas City

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Purpose<br />

Dagat-Dagatan<br />

SMB sa Bagong Siglo Multi-Purpose Multi- 2000 Jun 30 Industrial Bldg., Lapu-Lapu Ave.<br />

Cooperative<br />

Purpose<br />

Tangos Fishermen’s Friend<br />

Multi- 2004 Dec 15 1474 M. Naval St., Tangos<br />

Association Multi-Purpose<br />

Cooperative<br />

Purpose<br />

Tangos 1 Elementary School Teachers Consumer 1997 Mar 03 Tangos 1 Elementary School<br />

Consumers Cooperative<br />

VMS Credit Cooperative Credit 2004 Nov 22 Judge A. Roldan St., Dama de Noche,<br />

San Roque<br />

WGI Cutting Workers Multi-Purpose<br />

Cooperative<br />

Multi-<br />

Purpose<br />

2000 Jul 24 WGI Industrial Bldg. 2, Lapu-Lapu<br />

Ave.<br />

Workers Movement Multi-Purpose<br />

Cooperative<br />

Multi-<br />

Purpose<br />

2000 Jul 24 WGI Industrial Bldg. 1, Lapu-Lapu<br />

Ave.<br />

Young Image Multi-Purpose<br />

Cooperative<br />

Multi-<br />

Purpose<br />

2000 Aug 25 WGI, Dagat-Dagatan<br />

Source: Office of Coun. Edgardo DC. Maño & Cooperative Development Association<br />

4. Local Finance<br />

A comparative report of the actual revenues and expenditures of the city shows that there are surpluses<br />

or an excess of revenues over expenditures from 2002 up to 2007. However, there was a deficit or an excess of<br />

expenditures over revenues in 2001. The supplemental budgets during the years, 2001 and 2003 made up for<br />

weak revenue performances thus avoiding expected deficits during these years.<br />

Annual Revenue and Expenditure of the <strong>City</strong><br />

Year Revenues Expenditures Surplus(Deficit) Supplem ental Budget<br />

2001 253,131,800.00 259,934,200.00 (6,802,400.00) 11,560,400.00<br />

2002 231,864,800.00 209,920,800.00 21,944,000.00<br />

2003 248,753,100.00 247,719,600.00 1,033,500.00 1,142,300.00<br />

2004 284,662,721.66 228,659,194.44 56,003,527.22<br />

2005 329,230,832.76 264,376,419.10 64,854,413.66<br />

2006 337,140,747.00 273,063,950.00 64,076,797.00<br />

2007 314,860,912.49 297,206,309.56 17,654,602.93<br />

Source: <strong>City</strong> Accounting Office<br />

Summary Report of Revenues Generated in the Last Four (4) Years<br />

Revenue Source 2004 2005 2006 2007<br />

Tax Revenue 99,193,435.62 138,313,030.40 154,402,874.84 111,189,427.07<br />

Internal Revenue 122,658,814.00 133,936,660.00 145,410,535.00 163,693,582.00<br />

Allotment<br />

Revenue from Other 34,051,376.03 35,807,786.90 39,460,246.47 33,054,894.42<br />

Sources<br />

Source: <strong>City</strong> Accounting Office<br />

38

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