 HOME C O N T E N T S Foreword Message Brief Description of the Province of Biliran Basic Socio-economic and Demographic Data Political Condition Peace and Order Condition General and Sectoral Development Objectives Physical Framework Plan/Land Use Plan Organization and Management Local Offices and Functions Organizational Structure Personnel Complement Accomplishment Report Medical, Health, and Nutrition Program Agriculture, Fishery, and Veterinary Social Welfare and Development Cooperative Development Program Youth Development & Support to Education Livelihood and Employment Infrastructure Development Maintenance of Peace and Order Tourism Promotion & Environmental Protection Other Accomplishments Fiscal Administration Budget Performance and Financial Statements Comparative Data for the Year Preceding the Year Under Review Revenue Expenditure Pattern for Three Years Analysis of the Delivery of Basic Services vs. Budgetary Expenditures on a Sectoral Basis Local Legislation Report of the Sanggunian in the Exercise of its Legislative Power Results of Oversight and Review Functions Annexes Annex A Sangguniang Panlalawigan Accomplishments, CY 2003 (List of Selected SP Resolutions) Annex B Accomplishment Report of the Office of the Provincial Engineer (List of Completed/Ongoing Infrastructure Projects, CY 2003) Annex C Financial Statements |
 BUDGET PERFORMANCE AND FINANCIAL STATEMENTS
Sound fiscal management is a guiding principle of the provincial government, that is why it makes prudent use of its financial resources. In 2003, the annual budget was P169,049,703.07, an increase of 12.6% from the preceeding year's P150,169,855.82. The Development Fund for the year was P30,428,303.00. In the 2003 Statement of Fund Operation (Local Budget Preparation Form No. 157), the appropriation of P169,049,703.07 was lesser than the amount available for appropriation of P169,142,145.00, thus resulting in an unappropriated balance of P92,441.93. The total sectoral appropriations were as follows: general services - P98,102,083.56; social services - P45,667,577.45; and economic services - P25,280,042.06. The 3-year revenue-expenditure pattern of the General Fund presented below shows a 5.87% increase in revenue from 2002 to 2003 while expenditures from 2002 to 2003 increased by 15.5%. For the year under review the expenditure, expressed as a percentage of revenues, was only 65.6%. Summary of Income and Expenditures CY 2001-2003
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