Status of Funds

Financial Management & Disbursement Rate

The allocation for 2nd Semester 2020 amounting to Php197,203,000.00 with an IFAD (LP) share amounting to Php180,857,000.00 was received on 21 December 2020 and the GOP counterpart amounting to Php16,346,000.00 was received on 12 November 2020. Further, the allocation for the 1st Semester of 2021 amounting to Php189,504,000.00 with an IFAD (LP) share of Php173,774,000.00 was received on 24 March 2021 and the GOP counterpart amounting to Php15,730,000.00 was received on 17 March 2021.

 

The project has obligated an amount of Php 272,454,216.42 and disbursed an amount of Php75,561,751.08. The allocation released to LDS-IMO amounting to Php88,331,725.04 has obligated an amount of Php24,796,501.09 and disbursed an amount of Php15,218,930.78. The over-all obligation rate (NIA-IO and LDS-IMO) is 70.45% and over-all disbursement rate is 19.54%. The unobligated fund balance as of 15 August 2021 is LP of Php 107,996,603.07 and GOP of Php 6,256,180.51 with a total unobligated balance of Php 114,252,783.58. Moreover, the amount of cash released to NIA-RIO is Php 70,000,000.00 for LP and Php 16,346,000.00 for GOP with a total cash support of Php 86,346,000.00 only of which a total Php17,113,887.80 (LP=Php15,500,000.00 & GOP=Php1,613,887.80) of cash was released to LDS-IMO.

 

Most obligations and disbursements fulfilled by NIA RIO are the contract packages of the CIS rehabilitation amounting to Php 221,683,310.88 and the contract packages for the supply and delivery goods for the construction of warehouses and solar dyers amounting to Php 23,976,716.26. The Contractors of Dulay CIS, Mapantao CIS, Mapantao-Lubo & Bararay CIS, Tungcopan CIS, Karigongan CIS, Niog Polo CIS, Kianodan-Mapoling CIS and Kilugay CIS have already collected/billed a total of Php 49,790,477.13 or 22.46% of the total contract packages. As for LDS IMO, most of their obligations and disbursements were appropriated to the force account works in the execution of project facilities and the salaries/wages of project-charged personnel.

 

Fund Source

Allocation (Php)

ASA Received

Obligation

Disbursed

Obligation Rate

Disburse-ment Rate

LP

354,658,923.00

354,631,000.00

246,634,396.93

69,236,423.33

69.55%

19.52%

GOP

32,048,407.00

32,076,000.00

25,819,819.49

6,325,327.75

80.50%

19.72%

TOTAL

386,707,330.00

386,707,000.00

272,454,216.42

75,561,751.08

70.45%

19.54%
  1. At Regional Office

     

LP

 

271,299,411.48

222,884,127.74

54,300,234.21

82.15%

20.01%

GOP

 

27,075,863.48

24,773,587.59

6,042,586.09

91.50%

22.32%

TOTAL

 

298,375,274.96

247,657,715.33

60,342,820.30

83.00%

20.22%
  1. At Lanao del Sur Interim IMO

     

LP

 

83,331,588.52

23,750,269.19

14,936,189.12 28.50% 17.92%

GOP

 

5,000,136.52

1,046,231.90

282,741.66 20.92% 5.65%

TOTAL

 

88,331,725.04

24,796,501.09

15,218,930.78 28.07% 17.23%