Statement of Indebtedness Payments and Balances 2nd Qtr 2023.xlsx

	A	B	D	E	F
1	FDPP Form 2 - Statement of Indebtedness, Payments and Balances
2	(DOF-BLGF Memorandum Circular No. 005-2018 dated January 22, 2018, Annex E)
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5	Statement of Indebtedness, Payments and Balances (SIPB)
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7	REGION:	REGION X - NORTHERN MINDANAO	CALENDAR YEAR:	2023
8	PROVINCE:	MISAMIS ORIENTAL	QUARTER:	2
9	CITY/MUNICIPALITY:
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13	Instruction: Please prepare a Statement for each kind of loan.
14	ITEM NO.	PARTICULARS			DETAILS
15	1	LGU Income Classification			1st Class Province
16	2	Date of Report			June 30, 2023
17	3	Lending Institution (Bank or Creditor)			Development Bank of the Philippines
18	4	Certificate Number - NDSC/BC			R10-2020-04-064
19	5	Date of Certification - NDSC/BC			29-Apr-20
20	6	Monetary Board (MB) Resolution Number			701
21	7	Date of MB Opinion			4-Jun-20
22	8	Date of Approval Loan			20-May-20
23	9	Amount Approved*			621,900,000.00
24	10	Maturity Date			June 22, 2029
25	11	Type of Indebtedness Instrument (Loan, Bond or other form of indebtedness)			Long Term Loan
26	12	Purpose of Indebtedness			Procurement of brand new heavy equipment; vehicles; container vans; and emergency response equipment and hospital and medical equipment
27	13	Terms and Conditions: Fixed or Variable			Variable
28	14	Terms and Conditions: No. of Years of Indebtedness			15
29	15	Terms and Conditions: Interest Rate			3.70%
30	16	Terms and Conditions: Grace Period (Number of Months or Years)			12 months
31	17	Frequency of Payment			Quarterly
32	18	Annual Amortization: Principal			76,378,231.17
33	19	Annual Amortization: Interest			20,212,471.06
34	20	Annual Amortization: Gross Receipt Tax (GRT)
35	21	Starting Date of Payment			August 11, 2021 (Interest); August 11, 2022 (Interest + Principal)
36	22	Cumulative Payment from Starting Date: Principal			38,918,564.50
37	23	Cumulative Payment from Starting Date: Interest			29,705,859.59
38	24	Cumulative Payment from Starting Date: GRT
39	25	Total Amount Released (Availment as of date)			570,648,387.00
40	26	Remaining Balance to Date / Undrawn Amount (Line 9-25=26)			51,251,613.00
41	27	Outstanding Loan Balance After Principal Payment (Line 9-22=27)			531,729,822.50
42	28	Arrears: Principal (if any)
43	29	Arrears: Interest (if any)
44	30	Collateral Security			Assignment of portion of IRA withhold-out deposit equivalent to 1 month quarterly amortization
45	31	Deposit to Bond Sinking Fund for the Year
46	32	Sinking Fund Balance to Date, if any
47	33	Breakdown of Fees and Other Related Costs (of loan)			Total Finance Charge + Non-Finance Charge P9,513,341.00
48	34	Other Relevant Terms and Conditions (of loan)
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50	Certified Correct by:			Date Issued:
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52	SGD
53	RONALD JAME D. VIOLON, CPA, REB, REA, MDMG			JULY 25, 2023
54	Provincial Treasurer
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56	Note:
57	*Please indicate if on a staggered basis.
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