Monday, March 12, 2012

LGU of Mainit - 2010 Finances

Municipality of Mainit
Surigao del Norte

FINANCIAL CONDITION
Assets: P 116,955,572.62
Liabilities: P 29,835,839.84
Equity: P 87,119,732.78

FINANCIAL PERFORMANCE
Income: P 53,481,371.05
Expenses: P 43,351,842.24
Net Income: P 11,623,827.47

CASH POSITION
Cash Balance Beginning: P 12,291,257.98
Net Cash Provided (Used): P 4,936,691.69
Cash Balance Ending: P 7,354,566.29

Source: Page 106, Commission on Audit's 2010 Financial Report HERE

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CBCP News: Mining threatens 4th largest freshwater lake in PH

SEVEN are in the town of Mainit, Surigao del Norte... of the 15 exploration permits (EP) that the Regional Office 13 (CARAGA) of the Mines and Geosciences Bureau (MGB) of the Environment department approved as of June 30, 2010.

Read more at www.cbcpnews.com and Surigao Today.

If you want to support the protection of Lake Mainit, contact me at pidjangaATgmailDOTcom or 0917-800-4557. Zimm/Peter/Pidjanga