Davao City 1st qtr revenues P1.14-B

By Greg G. Deligero
Davao City posted a gross income of P1.14 billion during the first three months this year, according to the collection and disbursement report released by the City Treasurer’s Office.
The city’s total collection as of March excluded the P644.17 million from monthly Internal Revenue Allotment (IRA). Counting the IRA, the available local resources amounted to P1.78 billion.
The total disbursements, however, reached P1.37 billion for net income amounting to P410.16 million during the first quarter.
Of the locally-generated income, business taxes and licenses contributed 37.27 percent or P425.08 million followed by real property tax which shared P403.56 million or 35.38 percent. Other key sources of income are community tax, franchise tax, property transfer tax, permit fee, occupational fee, tax on delivery truck and vans, sanitary fee and garbage fee.
On the expenditures side, maintenance and other operating expenses (MOOE) comprised the bulk 84.59 percent or P1.62 billion of the total disbursements followed by personnel services which cornered 11.16 percent while the remaining 4.25 percent went to other expenses and capital outlay.
Top taxpayers among establishments engaged in commerce and trade in Davao City are retailers, services, wholesale distributors and dealers, lessors and real estate brokers and food handlers.
Among establishments in the industry sector are utility firms, fabrication companies, manufacturing and processing.
Meanwhile, the city-owned enterprises also posted for the past three months P30.34 million total income, 69.95 percent or P21 million of which were generated from Davao City’s public markets.
The Davao City Overland Transport Terminal (DCOTT) shared 16.18 percent or P4.91 million while the slaughterhouses contributed P2.92 million while public cemeteries also generated P111,000 income.