ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
FDPP Form 2 - Annual Statement of Indebtedness, Payments and Balances
2
(DOF-BLGF Memorandum Circular No. 005-2018 dated January 22, 2018, Annex E)
3
4
Annual Statement of Indebtedness, Payments and Balances (SIPB)
5
For the Period Ending December 31, 2020
6
City of Bago
7
8
Instruction: Please prepare a Statement for each kind of loan.
9
ITEM NO.
PARTICULARSDETAILS
10
1LGU Income Classification2nd Class
11
2Date of ReportEnding 4th Quarter, December 31, 2019
12
3Lending Institution (Bank or Creditor)PVB
13
4Certificate Number - NDSC/BCR6-2017-01-032
14
5Date of Certification - NDSC/BC27 January 2017
15
6Monetary Board (MB) Resolution Number1075
16
7Date of MB Opinion27 June 2017
17
8Date of Approval Loan19 September 2016
18
9Amount ApprovedTerm Loan 1 P 14.75 Million
19
Term Loan 2 12.72 Million
20
Term Loan 3 9.80 Million
21
Term Loan 4 12.73 Million
22
TOTAL P 50.00 Million
23
10Maturity DateTerm Loan 1 & 2 - 17 November 2017
24
Term Loan 3 - 10 November 2017
25
Term Loan 4 - Unavailable
26
11Type of Indebtedness Instrument Loan ( Unsecured )
27
(Loan, Bond or other form of indebtedness)
28
12Purpose of Indebtedness
Term Loan 1 - Const. of Jubilee Bldg. & Installation of Furnitures
29
 Fixtures
30
Term Loan 2 - Const. of Gov't. Building I
31
Term Loan 3 - Const. of Gov't. Building 2
32
Term Loan 4 - Const. of bantayan Park Visitor's Center & 3 units
33
 Food Kiosk
34
13Terms and Conditions: Fixed or VariableVariable
35
Interest Rate shall be based on 91 days BVAL rate plus a spread of 2%
36
p.a or floor rate of 4.00% whichever is higher. GRT shall be for the
37
account of the borrower. Interst shall be repriced quarterly and paid
38
monthly arrears at the end of the 1st month from date of initial
39
drawdown.
40
In the event that BVAL is no longer reflective of the prevailing market
41
rate as maybe reasonably determined by the Lender, the Lender and
42
the Borrower shall agree to adopt a new benchmark rate. In the event
43
that no substitute basis is agreed at the end of 30 days, then the rate
44
shall be the actual cost of raising funds by the Lender plus agreed
45
margin.
46
14
Terms and Conditions: No. of Years of Indebtedness
Ten (10) years
47
15Terms and Conditions: Interest RateTerm Loan 1 & 2 - 5.2313%
48
Term Loan 3 - 5.2152%
49
16Terms and Conditions: Grace Period Twelve (12) Months Grace Period
50
(Number of Months or Years)
51
17Frequency of PaymentMonthly
52
18Annual Amortization: PrincipalP 3,826,527.56
53
19Annual Amortization: InterestP 1,361,744.46
54
20
Annual Amortization: Gross Receipt Tax (GRT) 2019
P 13,911.40
55
21Starting Date of PaymentTerm Loan 1 & 2 - November 17, 2019
56
Term Loan 3 - November 10, 2019
57
22
Cumulative Payment from Starting Date: Principal
P 6,359,362.41
58
23
Cumulative Payment from Starting Date: Interest
P 3,516,897.49
59
24
Cumulative Payment from Starting Date: GRT
 P 36,055.70
60
25Total Amount Released (Availment as of date)Term Loan 1 - P 12,484,291.36
61
Term Loan 2 - P 11,906,354.71
62
Term Loan 3 - P 9,371,500.00
63
Term Loan 4 - unavailable
64
26
Remaining Balance to Date / Undrawn Amount
Term Loan 1 to 3 - No Undrawn (100% Completed Projects)
65
 (Line 9-25=26)Term Loam 4 - P 12,730,000.00
66
27
Outstanding Loan Balance After Principal Payment
P 27,402,783.66
67
 (Line 9-22=27)
68
28Arrears: Principal (if any)N O N E
69
29Arrears: Interest (if any)N O N E
70
30Collateral SecurityAssignment of the portion of the IRA & other locally sourced
71
income until the loan is fully paid.
72
31Deposit to Bond Sinking Fund for the YearNot Applicable
73
32Sinking Fund Balance to Date, if anyNot Applicable
74
33Breakdown of Fees and Other Related Costs (of loan)Documentary Stamp Tax: P 144,995.50
75
Documentation Fee: 10,000.00
76
Validation Fee: 70,000.00
77
34Other Relevant Terms and Conditions (of loan)Conditions Precedents:
78
The following conditions have to be complied with prior tp drawdown:
79
1. Execution of the Deed of Assignment of IRA & other local revenues
80
 until the loan is fully paid:
81
2. Submission of the BLGF-DOF Certificate of Borrowing Capacity
82
 indicating an acceptable debt services;
83
3. Submission of the relevant Sangguniang Panglungsod Resolution:
84
 authorizing the loan & it's purpose,
85
4. Submission of Sangguniang Panglungsod Ordinance including the
86
 required validation of the Sangguniang Panlalawigan;
87
5. Resolution validating the AIP by the Sangguniang Panlalawigan;
88
6. Submission by the Borrower of a written Monetary Board Opinion
89
 as required by Sec.123 of R.A. No. 7653
90
7. Submission by the Borrower of the relevant certification signed by
91
the Borrower's Budget Officer, Treasurer & Accountant duly noted
92
 by the Local Chief Executive;
93
8. Submission of a notarized Certification from the LCE stating that the
94
LCE is not subject to any order or preventive suspension, suspension
95
or reprimand or any disciplinary action or penalty issued by any
96
court tribunal or any agency that prevents the LCE from performing
97
 his/her functions;
98
9. Submission of a Notarized Certification from the Sangguniang Pang-
99
lungsod Secretary stating that based on records of the Sanggunian,
100
he/she has not received any order of preventive suspension, suspen-