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Simplified Statement of Indebtedness, Payments and Balances (SIPB)
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FDPP Form 2 - Annual Statement of Indebtedness, Payments and Balances
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(DOF-BLGF Memorandum Circular No. 023-2019 dated September 19, 2019, Annex A)
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Statement of Indebtedness, Payments and Balances (SIPB)
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REGION:
REGION X - NORTHERN MINDANAO
CALENDAR YEAR:2023
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PROVINCE:BUKIDNONQUARTER:3
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CITY/MUNICIPALITY:
CITY OF MALAYBALAY (Capital)
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Instruction: Please prepare a Statement for each kind of loan.
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Item No.ParticularsDetails
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 1 LGU Income Classification First Class
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 2 Date of Report 3rd Qtr. September 30 2023
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 3 Bank (or Creditor) Land Bank of the Philippines
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 4 Loan Reference Number 9561-TL14-0581-001
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 5 If not authorized depository bank (Lending Institutions), state DC 01.2017 approval date
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 6 Certificate Number (CNDSBC) 14-08-177
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 6.1 Date of Certification (CNDSBC) August 12, 2014
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 7 Monetary Board (MB) Resolution Number
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 7.1 Date of MB Opinion
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 8 Amount of Proposed Loan409,000,000.00
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 8.1 Date of Approval of Loan January 28, 2014
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 8.2 Amount Approved406,105,777.88
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 9 Principal Amount of Loan (Actual Amount of Loan)406,105,777.88
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 10 Name of LCE at the time of Contract Signing Ignacio W. Zubiri
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 11 National Government Guarantee
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 12 Type of Indebtedness Instrument Loan (Secured or Unsecured)
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 12.1 If Others, please specify indebtedness instrument N/A
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 12.2 Purpose of Indebtedness Construction of Farm-To-Market Road
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 12.3 If Others, please specify purpose of indebtedness instrument
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 12.4 Is the Project (Loan) included in the Annual Investment Plan Yes
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 12.5 If not included in AIP, what is the remedy?
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 12.6 If Others, please specify remedy
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 13 Council Resolution No. (Authorizing LCE) SP Resolution No. 2014-1376
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 14 Economic / Useful Life of the Project (Subject of Loan)
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 15 Maturity Date December 19, 2030
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 16 Terms of Indebtedness
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 17 Terms and Conditions: No. of Years of Indebtedness15
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 18 Terms and Conditions: Interest Rate4.75%
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 19 Frequency of Payment Quarterly
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 20 Terms and Conditions: Grace Period (Number of Months)24
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 21 Starting Date of Payment March 19, 2015
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 22 Major Debt Covenants
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 22.1 Collateral Security
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 23 If cash deposits, how much?0
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 24 Annual Amortization: Principal24,023,546.07
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 25 Annual Amortization: Interest7,708,541.63
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 25.1 Annual Amortization: GRT0
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 26 LCE Position Mayor
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 27 Total Amount Released (Availment as of date)406,105,551.00
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 28 Cumulative Payment as of Reporting Date: Principal207,870,086.04
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 29 Cumulative Payment as of Reporting Date: Interest94,806,321.73
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 29.1 Cumulative Payment as of Reporting Date: GRT0
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 30 Remaining Balance to Date / Undrawn Amount226.88
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 31 Outstanding Loan After Principal Payment 198,235,464.96
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 31.1 Arrears: Principal (if any)0
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 31.2 Arrears: Interest (if any)0
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 31.3 Arrears: GRT (if any)0
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 32 Deposit to bond sinking fund for the year 0.00
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 33 Sinking fund balance to date, if any 0.00
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 34 Breakdown of fees and other related costs (of loan)
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 Fee Type Amount
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 35 Other relevant terms and conditions (of loan)
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 36 Current LCE (as of date of this report) JAY WARREN R. PABILLARAN
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 37 Is the said loan NOT being paid as of date (Default) No
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 37.1 If Yes, state the reason for discontinuing the payment
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 37.2 COA Annual Audit Report No.
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 37.3 Date Released
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 37.4 Accountant Name at the Time of Default
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 37.5 Treasurer Name at the Time of Default
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 38 Annual Budget at the time of Loan 0.00
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 39 Current Annual Budget 340,000,000.00
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 40 Current Budget Allocation for Debt Service 45,000,000.00
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 41 Date Seal of Good Housekeeping is Awarded
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 42 Current Project / Other Obligations Contracted (paid from capital outlay fund)
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 Project Name Obligation Amount
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Certified Correct by:Sgd. ROSIE T. DUMAS
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City Treasurer
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