DIFFUN SARANAY AND DEVELOPMENT COOPERATIVE

PROJECTED BUDGET FOR 2017

AURORA BRANCH
REVENUES
Income from Loan Operation
Interest on Loans
Filing Fee
Service Fee
Fines/Penalties/Surcharge
Notarial Fee
TOTAL INCOME FROM LOAN OPERATION
Other Income
Membership Fee
Commission Income
TOTAL REVENUE
OPERATING COST
ADMINISTRATIVE EXPENSE
Salaries and Wages
Employees Benefits
Seminar and Trainings
SSS/Philhealth/Pag-ibig
Meeting and Conferences
Office Supplies
Fuel and Oil
Rental Expense
Power, Light and Water
Travelling Allowance
Taxes
Insurance and Licenses
Communication Expense
Promotional Expense
Representation Expense
Repair and Maintenance
Miscellaneous Expense
Notarial Fee Expense
Depreciation and Amortization
Allowance for Probable Loan Losses
General Assembly Expense
TOTAL ADMINISTRATIVE COST
FINANCING COST
Interest on Deposits
Savings Deposit
Interest on Borrowings
TOTAL FINANCING COST
TOTAL COST
NET SURPLUS

DIFFUN SARANAY AND DEVELOPMENT COOPERATIVE

PROPOSED BUDGET FOR 2017
AURORA BRANCH
SALARIES AND WAGES
MANAGER
BOOKKEEPER
LOANS OFFICER
TELLER
COLLECTOR
SALES CLERK
H.O
EMPLOYEES BENEFITS
RATA
RELOCATION ALLOW
EWF
RETIREMENT
13th Month Pay
Cola
Ecola
Incentive
Overtime Pay
Clothing Allowance
Rice Allowance
Medical Allowance
Meal Allowance
Earn Leaves
Cash Gift
COOP Day Expense
Training and Seminars
SSS/Philhealth/Pag-ibig

19306*12
13946*12
16138*12
12903*12
9709*12
9709*13
12007*12

231,672.00
167,352.00
193,656.00
154,836.00
116,508.00
116,508.00
144,084.00

3834*4*12
2000*6
1124616*.04
1124616*.04
1124616/12
567*6*12+(378*4*12)
200*6*12+(134*4*12)
2,000*6+1334

184,032.00
12,000.00
44,984.64
44,984.64
93,718.00
58,968.00
20,832.00
13,334.00

4,000*6+2667
3667*6*4
3,600*6+2400
400*6*4*12
1124616/24/12*10
5,000*6

26,667.00
88,008.00
24,000.00
172,800.00
39,050.00
25,000.00
20,000.00

6000*12

MEETINGS AND CONFERENCES

BOD
5*2,500*4
CEO
1,000*4
Secretary
400*4
Branch Manager
1,000*4
Meals
1,000*4
Office Supplies
Fuel and Oil
Rental Expense
Power, Light & Water
TAXES
Surety Bond
BIR Annual Tax

500*3*4*12
15020*12

72,000.00

50,000.00
4,000.00
1,600.00
4,000.00
4,000.00
50,000.00
72,000.00
180,240.00
48,000.00

10,500.00
500.00

Municipal
Brgy. Permit

2,500.00
1,000.00

INSURANCE AND REGISTRATION

2 Motorcycles

3,000.00

COMMUNICATION EXPENSE
Internet Connection
1688*12
Load Allowance
7500*12

20,256.00
90,000.00

REPAIR AND MAINTENANCE

2 Motorcycles
Equipments

25,000.00
15,000.00

Promotional
Representation Expense
Miscellaneous Expense

10,000.00
5,000.00
10,000.00

Notarial Expense
Depreciation and Amortization
Allowance for Probable Losses
GENERAL ASSEMBLY EXPENSES
Member's Incentive
500*150
Annual Book
500*50
Election Committee Exp.

54,000.00
57,602.88
885,000.00

75,000.00
25,000.00
3,000.00

TOTAL ADMINISTRATIVE COST

FINANCING COST
Interest on Deposits
Savings Deposit
Interest on Borrowings

3000000*1%

TOTAL COST
REVENUES
Interest Income from Loans
Interest on Loans
Filing Fee
Service Fee
Notarial Fee
Fines/Penalties/Surcharge
1,450,449.11*2%
Membership Fee
500*50
Commission Income
Income from DFC
GROSS INCOME
NET INCOME

30,000.00
330,000.00

3,456,000.00
150,000.00
576,000.00
162,100.00
250,000.00
25,000.00
40,000.00

4,659,100.00

MONTHLY RELEASE OF LOANS

NEW MEMBERS

Expenses:
salary
tres.
hr
acct.
c.e.o
employees benifets
cash gift
e-cola
13th month

monetized leave
medical
b-day
communication
meetings/conferences
bod
asc
elecom
travel
employee
officer
supplies

3,200,000.00
500.00

1333
13502

5625

4000

10000

ENT COOPERATIVE
OR 2017
H

ENT COOPERATIVE
R 2017
H

2500
3400

1,124,700.00

395,600.00

72,000.00

63,600.00

350,300.00

14,500.00

3,000.00

110,300.00

40,000.00

1,050,000.00

103,000.00
2,931,400.00

360,000.00
Err:509

4,659,100.00
Err:509