More than P4.7Million was the
proceeds of the Kalibo Ati-atihan 2013.
According to the Financial
Report of Kalibo Sto Niño Ati-atihan Foundation Inc. (KASAFI), the organizer of
the event, the total earning of the
organizer was P4.745Million, almost forty-nine percent (49 percent) higher
compared to the previous year’s P3.194Million
earning.
The Financial Report was
released on the 29th of January this year.
Despite earning more this year,
the expenditure for the celebration was about 7.8 percent lower compared to
last year.
This year’s expenditure was at P3.9Million,
while last year’s expense was at P4.2Million.
Allegedly, the higher earning was
realized despite increase on prizes for winners and subsidy for participating tribes.
KASAFI reported to have given
away P679, 000 for prizes, and P743, 000 for tribes’ subsidy.
The Financial
Report was released nine (9) days after the Ati-atihan celebration.
The release was more than five
(5) months earlier compared to the agreed upon release with the Local
Government Unit of Kalibo which was set at six (6) months after the
celebration.
The organizer’s
Chairman, Albert Meñez had earlier
promised to release KASAFI’s Financial Report on Kalibo’s Ati-atihan six (6) days
after the event.
This is so far the earliest release of
Finanacial Report compared to the previous years.
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