Status of Funds

Financial Management & Disbursement Rate

The allocation for 2^nd 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 1^st 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 Php354,830,270.88 and disbursed an amount of Php202,802,305.34. The allocation released to LDS-IMO amounting to Php100,419,270.82 has obligated an amount of Php91,983,758.92 and disbursed an amount of Php72,208,777.45. The over-all obligation rate (NIA-IO and LDS-IMO) is 91.76% and over-all disbursement rate is 52.44%. The unobligated fund balance as of 31 January 2022 is LP of Php25,325,043.66 and GOP of Php6,551,685.46 with a total unobligated balance of Php31,876,729.12. Moreover, the amount of cash released to NIA-RIO is Php214,150,000.00 for LP and Php16,346,000.00 for GOP with a total cash support of Php230,496,000.00 only of which a total Php73,098,649.83 (LP=Php71,484,762.03 & 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 Php224,999,620.38 and the contract packages for the construction of warehouses and solar dyers amounting to Php45,736,576.16. 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 and billed a total of Php106,030,058.47 or 47.12% of the total contract packages. As for the construction of warehouses and solar dyers, the total billings that were paid for the supply of goods and IAs workforce amounted to Php30,509,297.75 or 66.71% of the revised allocation.