ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
FDPP Form 2 - Statement of Indebtedness, Payments and Balances
2
(DOF-BLGF Memorandum Circular No. 005-2018 dated January 22, 2018, Annex E)
3
4
5
Statement of Indebtedness, Payments and Balances (SIPB)
6
7
REGION : VICalendar Year : 2023
8
PROVINCE : Negros OccidentalQUARTER : 1
9
CITY : Escalante City
10
11
Item No.
ParticularDetails
12
1LGU Income Classification4th Class City
13
2Date of ReportFor the Quarter Ending March 31, 2023
14
3Lending InstitutionDevelopment Bank of the Philippines
15
4Certificate Number - NDSC/BCCertificate No. 14-01-22
16
5Date of Certification - NDSC/BCJanuary 23, 2014
17
6Monetary Board Resolution NumberMB Resolution No. 1251
18
7Date of MB OpinionAugust 14, 2014
19
8Date of Approval of LoanFebruary 13, 2015
20
9Amount approvedPhp 41,000,000.00 (staggered basis)
21
10Maturity DateFebruary 13, 2026
22
11Type of Indebtedness InstrumentLoan
23
12Purpose of IndebtednessTo finance construction of Water Works System
24
of Escalante City
25
13Terms and Conditions : Fixed or VariableFixed
26
14
Terms and Conditions: No. of years of Indebtedness
eleven (11) years
27
15Terms and Condtions: Interest RateFixed for the term of the loan, DBP rate to be
28
determined at the time of drawdown
29
16Terms and Condition: Grace period one (1) year grace period on principal
30
17Frequency of Payment
Principal is payable in 120 equal monthly amortization
31
18Annual Amortization : PrincipalPhp 6,444,183.00
32
19Annual Amortization : InterestPhp 1,017,270.96
33
20Annual Gross Receipt Tax (GRT)
34
21Starting Date of PaymentMarch 10, 2015
35
22Cumulative Payment from Starting Date: PrincipalPhp 22,204,466.07
36
23Cumulative Payment from Starting Date: InterestPhp 8,449,269.32
37
24Cumulative Payment from Starting Date: GRT
38
25Total Amount Released (Availment as of date)Php 41,000,000.00
39
26Remaining Balance to Date? Undrawn AmountPhp -0-
40
27Outstanding Balance after Principal PaymentPhp 18,795,533.93
41
28Arrears: Principal (if any)None
42
29Arrears: Interest (if any)None
43
30Collateral Security
Deed of assignment with Hold-out on Special Savings
44
Deposits equivalent to six(6) monthly amortization
45
31Deposit to Bond Sinking Fund for the YearNone
46
32Sinking Fund Balance to Date, if anyNone
47
33Breakdown of Fees and Other Related Costwaived
48
34Other Relevant Terms and Conditions
* Borrower to maintain ADB deposit of at least Php 16.0 M
49
otherwise a 1% p.a. service fee based on outstanding
50
balance shall be imposed, payable together with
51
 interest
52
* GRT/applicable taxes on other fees and charges shall
53
 be for the account of the borrower
54
* Any cost overrun/contingency shall be shouldered by
55
 the borrower
56
* LGU to appropriate in their annual budget an amount
57
 representing loan serving with DBP
58
* Submission of the borrower's proof of ownership of
59
 the project site as a prerelease condition
60
* If no availments are made within one year from the
61
date of approval, the loan shall be deemed automati-
62
 cally cancelled.
63
* In case of default, DBP is authorized to automatically
64
 debit from the LGU's deposit account the said
65
 obligation to cover the loan payment
66
* Loan releases subject to operating guidelines
67
* Subject to other terms and conditions that the Bank's
68
legal counsel and higher management will impose
69
70
71
Certified Correct:
72
73
74
WILFREDO C. RUIZDate issued : April 10, 2023
75
City Treasurer
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100