CY 2016 Annual Financial Report for Water Districts

Table of Contents
Page
Part I – Executive Summary

Audit mandate over water districts………….……………………………… 1

Structure, contents and limitations…………………………………………. 1
Methodology of combination……………………………………................. 2
General Information……………………………………………………....... 3
Financial Highlights…...…………………………………………………… 3
Guide to users………………………………………………………………. 4

Part II - Financial Highlights

Financial Position………………………...………………………………… 5
Financial Performance……………………………..……………………….. 11
Changes in Equity………………………………………………..………..... 13
Cash Flows…………………………………………………………............. 14

Part III - Combined Financial Statements

Combined Financial Statements………………………………………..….. 17

 Statement of Financial Position…………………………….……. 18
 Statement of Comprehensive Income………………………….… 20
 Statement of Changes in Equity………………............................. 21
 Statement of Cash Flows……………………………………..….. 22
 Notes to Financial Statements………………………………..….. 23
Combined Financial Statements by Region
 Overall…………………………………………………………… 49
 Cordillera Administrative Region……………………………….. 77
 Region I…………………………………………………………. 109
 Region II……………………………………………………….… 181
 Region III……………………………………………………….... 239
 Region IV-A……………………………………………………... 331
 Region IV-B…………………………………………………..…. 399
 Region V……………………………………………………….… 433
 Region VI…………………………………………………….….. 527
 Region VII……………………………………………………..… 599
 Region VIII……………………………………………………..... 617
 Region IX…………………………………………………….…. 679
 Region X………………………………………………………… 711
 Region XI………………………………………………………... 763
 Region XII……………………………………………………..… 807
 Region XIII…………………………………………………….… 859
 Region XVI………………………………………………….…… 917
 Autonomous Region in Muslim Mindanao……………………… 959

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Part IV – Annexes
A List of Water Districts with Audited, Unaudited and Unsubmitted
Financial Statements………………………………………………... 987
B Roster of Members of Governing Boards (with office addresses) of
Water Districts…………………………...…………………………. 1000
C List of Water Districts with information on submission of Financial
Statements…………………………………………………………... 1048
D Tabulation of Audit Opinions Rendered…….……………………… 1061
E Status of Implementation of Prior Year’s Audit Recommendations.. 1069
F Water Districts with Unreconciled 2016 Cash and Cash Equivalent
Accounts Ending Balance per Statement of Financial Position vs.
Statement of Cash Flows and Unreconciled 2016 Beginning vs.
2015 Ending Cash and Cash Equivalents Balances per Statement of
Cash Flows……………………………………………..…………… 1076
G Water Districts with Unreconciled 2016 Total Equity per Statement
of Financial Position vs. Statement of Changes in Equity and
Unreconciled 2016 Beginning vs. 2015 Ending Balance of Equity
Accounts per Statement of Changes in Equity……………………... 1079
H Ranking of Water Districts by Total Assets………………………... 1081
I Ranking of Water Districts by Total Liabilities……………………. 1083
J Ranking of Water Districts by Total Equity………………………... 1085
K Ranking of Water Districts by Total Income………………………. 1087
L Ranking of Water Districts by Total Expenses……..……………… 1089
M Ranking of Water Districts by Comprehensive Income…………… 1091
N Breakdown of Domestic Loans…….................................................. 1093
O Breakdown of Foreign Loans……..................................................... 1116
P Aging of Accounts Receivable by Water District………………….. 1117
Q Aging of Accounts Payable by Water District……………………... 1140
R-1 Aging of Unliquidated Cash Advances for Payroll by Water
District……………………………………………………………… 1154
R-2 Aging of Unliquidated Cash Advances for Operating Expenses by
Water District ………………………………………………………. 1157
R-3 Aging of Unliquidated Cash Advances to Officers and Employees
by Water District……………………………………………………. 1162
R-4 Aging of Unliquidated Cash Advances to Special Disbursing
Officer by Water District …………………………………………... 1180
S Summary of Property, Plant and Equipment by Region……………. 1182

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CY 2016 Annual Financial Report for Water Districts
List of Tables and Charts
Particulars Page
Tables

II-1 Comparative Composition of Current Assets ………….… 6

II-2 Comparative Composition of Non-Current Assets…….… 7
II-3 Comparative Composition of Current Liabilities….……... 8
II-4 Comparative Composition of Non-Current Liabilities….... 9
II-5 Comparative Composition of Income….………………… 11
II-6 Comparative Cash Flows for Operating, Investing and
14
Financing Activities…………………………………….…

Charts

II-1 Comparative Financial Position………….…….…………. 5

II-2 Composition of Current Assets…………….….…………. 6
II-3 Composition of Current Liabilities……………………….. 8
II-4 Comparative Quick Ratios……………...………………… 9
II-5 Comparative Debt Ratio………..………………………… 10
II-6 Composition of Expenses………….………….………….. 12
II-7 Comparative Return on Assets………..………………….. 13
II-8 Composition of Equity…..……………………………….. 14

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