Classified as a first class province; the tax revenue, operating and miscellaneous revenue and extraordinary receipts actual collections of the province was P723,875,839.13 with P81,737,160.87 uncollected revenues for an 89.85% collection efficiency. Also for the year 2001, the province has posted a net surplus of P48,406,938.16. The table below show the financial standing of the province for 2001.
Table 19: Financial Accomplishment, 2001
Account Code
Current Year 2001 Estimate
Collection
I. TAX REVENUE
Property Tax
Real Property Tax
Current Year
1-52-101
26,600,000.00
10,464,176.62
Preceding Year
1-52-102
30,000,000.00
3,677,571.06
Penalty
1-52-103
3,500,000.00
2,014,406.18
Property Transfer
1-52-200
2,000,000.00
1,756,481.02
Taxes of Goods and Services
1-53-000
Business Taxes and Licenses
Tax on Delivery Trucks and Vans
1-53-312
500,000.00
11,500.00
Occupation Tax
1-53-330
200,000.00
197,328.50
Franchise Tax
1-53-400
200,000.00
298,006.07
Other Taxes
Immigration Tax
1-55-400
1,500.00
1,011.50
Mining, Claims, Fees and Rentals
1-55-500
100,000.00
157,660.00
Miscellaneous- Local Government Share on Internal Revenue Collection
1-55-700
650,000,000.00
610,155,804.00
Fines and Penalties
Other Taxes (Fines and Penalties on Tax Revenue)
1-56-500
200,000.00
149,643.00
Total Tax Revenue
714,301,500.00
658,986,258.62
II. OPERATING AND MISCELLANEOUS REVENUE
Operating and Service Income
Government Services
1-57-100
51,900,000.00
50,246,677.58
Government Business Operation
1-57-200
100,000.00
64,257.46
Interest
1-57-300
9,000,000.00
13,075,419.46
Commission (Business Operations)
1-57-400
50,000.00
0.00
Rents
1-57-600
200,000.00
174,045.07
Miscellaneous
1-57-900
100,000.00
88,104.00
Income from Public Enterprise/ Investment
Dividend on Stock
1-58-200
x1,000.00
0.00
Miscellaneous Income
Contribution from any sources
1-59-400
0.00
0.00
Sales of Waste Materials
1-59-700
10,000.00
16,747.00
Miscellaneous
1-59-900
250,510.00
1,171,546.47
Miscellaneous Income
1-60-300
0.00
3,379.07
Total Operating and
Miscellaneous Revenue
61,611,500.00
64,839,576.51
TOTAL
0-91-100
805,413,000.00
723,825,835.13
III. EXTRA ORDINARY RECEIPTS
Receipts- Local Government Units
2-63-200
200,000.00
50,004.00
Miscellaneous
2-63-900
0.00
0.00
Total Extraordinary Receipts
200,000.00
50,004.00
GRAND TOTAL
805,613,000.00
723,875,839.13
IV. SUMMARY
Income Estimates
P 805,613,000.00
Actual Collections
P 723,875,839.13
Uncollected
P 81,737,160.87
Collected Efficiency
89.85%
Posted a net surplus for CY 2001
P 48,406,938.16
SOURCE: Provincial Treasurer's Office- Quezon
As a first class province, the huge collections of revenues emanates from the 40 municipalities of Quezon. Data below shows average annual income of the municipalities and their corresponding classification.
Table 20: Municipalities Average Annual Income
and Classification, As of November 20, 2001
Municipalities
Average
Annual Income (CY 1996-1999)
Classification From Per D.O. 24-97
Classification To Per D.O. 33-01
1. Agdangan
P 8,205,614.73
5th
5th
2. Alabat
10,027,715.28
5th
5th
3. Atimonan
28,769,866.07
3rd
2nd
4. Buenavista
13,908,251.80
5th
4th
5. Burdeos
14,132,407.00
5th
4th
6. Calauag
27,602,671.56
2nd
2nd
7. Candelaria
38,069,353.70
1st
1st
8. Catanauan
25,964,517.17
3rd
3rd
9. Dolores
12,541,345.44
5th
5th
10. General Luna
12,464,273.38
5th
5th
11. General Nakar
36,902,277.81
2nd
1st
12. Guinayangan
15,883,103.77
4th
4th
13. Gumaca
30,237,351.40
2nd
2nd
14. Infanta
28,492,522.83
4th
2nd
15. Jomalig
6,989,595.65
6th
6th
16. Lopez
38,026,047.34
1st
1st
17. Lucban
22,750,731.45
4th
3rd
18. Macalelon
13,956,040.50
5th
4th
19. Mauban
35,318,422.69
2nd
1st
20. Mulanay
24,679,633.25
3rd
3rd
21. Padre Burgos
10,982,738.73
5th
5th
22. Pagbilao
38,686,464.94
3rd
1st
23. Panukulan
11,623,347.24
5th
5th
24. Patnanungan
8,737,470.39
5th
5th
25. Perez
8,623,308.20
5th
5th
26. Pitogo
11,714,007.96
5th
5th
27. Plaridel
7,787,842.62
6th
5th
28. Polillo
16,582,687.31
5th
4th
29. Quezon
9,733,445.96
5th
5th
30. Real
25,042,619.67
3rd
3rd
31. Sampaloc
11,283,916.93
5th
5th
32. San Andres
15,196,650.98
5th
4th
33. San Antonio
12,173,732.78
5th
5th
34. San Francisco
20,453,686.46
3rd
4th
35. San Narciso
19,390,812.69
4th
4th
36. Sariaya
47,760,826.80
1st
1st
37. Tagkawayan
28,703,213.06
2nd
2nd
38. Tayabas
32,468,367.75
2nd
2nd
39. Tiaong
30,922,494.89
3rd
2nd
40. Unisan
14,042,173.85
5th
4th
SOURCE: Department of Finance
Average Number of Annual Income Municipalities
Summary: 1st Class P20,000,000.00 or more 3
2nd Class P16,000,000.00 or more 6
3rd Class P12,000,000.00 or more 7
4th Class P 8,000,000.00 or more 5
5th Class P 4,000,000.00 or more 17
6th Class P 4,000,000.00 below 2
SOURCE: Memorandum Circular No. 97-3 (59) May 19,1997
Department of Finance
Table 21: Income and Prices, Investments and
Exports, Quezon Province
Average Annual Income Per Capital
(in pesos) 21,025
Average Annual Family Income
(at 1994 prices) 86,275
Average Annual Family Expenditure
(at 1994 prices) 70,820
Inflation Rate 2.9%
Investment generated (in million pesos) 101.444
Exports 0.010
SOURCE: National Statistics Office and Department of Trade and Industry
As published at Statwatch NSCB
