FINANCIAL RESOURCES

Management and Sources of Municipal Revenues

The Municipality of Manaoag derives its revenue from different sources. A large percentage of revenue, however, comes from taxation and operations. It will be noted in the increased of revenue due to the local government massive tax campaign and information drives.

In the year 2004, the municipality has realized a total income of P51,650,250.00 as distributed as follows:

1. Tax Revenue - P45,739,468.50 (Including IRA)

2. Operating & Miscellaneous Revenue - P 5,910,781.50

& Government Business Operation

B.EXPENDITURES

In 2004, the municipality incurred expenditures amounting to P 48,845,512.18. Out of this amount P 30,705,950.08 was spent for personal services. And the rest was spent for Maintenance and Other Operating expenses and resecution of projects in the amount of P18, 139,562.10.