Annual Report 2009 - LWUA

Annual Report 2009MINDANAOAREA 7LOAN AMOUNTBacuag P 0.888 MCagayan de Oro City 4.604Gigagnit 7.791Kibawe 4.500Laguindingin 2.000Manolo Fortich 18.000Quezon 5.000Tagbina 2.063Valencia 5.000TOTAL P49.846 MNO. OF COLLECTIBLES COLLECTION COLLECTIONAREA WDs (P Million) (P Million RATIO (%)1 76 308.165 257.154 83.452 81 368.851 342.132 92.763 67 237.771 209.549 88.134 34 157.526 147.675 93.755 65 221.697 192.803 86.976 42 121.374 110.425 90.987 35 258.480 238.387 92.238 39 324.687 297.922 91.769 33 132.388 120.107 90.72TOTAL 472 2,130.939 1,916.154 89.92GRAND TOTAL: LUZON, VISAYAS, and MINDANAO= P2,649.758MAREA 9LOAN AMOUNTBungao P 7.780 MIpil-Titay 15.223TOTAL P23.003 MAREA 8LOAN AMOUNTBaganga P 4.582 MCarmen 2.774Koronadal 58.500Digos 4.814Kiblawan 3.750Manlungon 30.006Mati 43.250Metro Kidapawan 237.268Nabunturan 15.154Pikit 5.000Samal 5.000Tulunan 32.154TOTAL P442.252 MB. BILLING AND COLLECTIONThe Agency continued to enjoy a verysatisfactory collection performance in 2009, with a90% collection ratio as detailed in the table below:The stated ratios above consideredspecific WDs whose financial viability were severelyimpaired by system failure, marketing shortfalls,cessation of operations, and other operationalproblems that seriously affected their debt servicingcapability.Treasury DepartmentA. Project DisbursementLWUA has reached another milestone withits P3.833 Billion total project disbursement this year,the highest so far in the Agency’s thirty six (36) yearsof existence, surpassing the P2.396 Billion projectdisbursement level in 2004.The P3.833 Billion disbursement isequivalent to 84.79% of the P4.521 Billion ProjectedDisbursements (see Table 1) for the year, of which87.75% represents National Government SupportFund (see Table 2).The above result marks a remarkableturnaround of last year’s (2008) situation wherein only40% of the P1.437 Billion Project Disbursement forthe year was attained.The National Government infused a totalof P2.4 Billion funds to LWUA, of which P400 Millionrepresent subsidy funds to be classified later asGovernment Equity in LWUA and P2.0 Billion Non-LWUA Initiated Funds from the DOH and DPWH.These Government Support Funds are intended tofast track the implementation of the potable watersupply projects under the President’s priority Programthis year.Table 1 - Actual by ProjectProjects/% Actual toPackage Projected Actual Variance ProjectedForeign Assisted 110.867 10.653 (100.214) 9.61%FOREX 88.311 3.356 (84.955) 3.80%Local 199.178 14.009 (185.169) 7.80%Locally Funded 4,322.013 3,819.350 (502.663) 88.37%Grand Total 4,521.191 3,833.359 (687.832) 84.79%2223