It had been announced that based on the 2012 Financial
Report of the Local Government Unit (LGU) of Malay, the town’s financial
status is “Very Good.”
This is despite the existence of a plan by the LGU of Malay
to apply for a loan to repay the balance to the contractor which made the Municipal
Land Fill.
In the report of Town
Council Member Rowen Aguirre to his fellow Councilmen during the Council’s
regular session on Tuesday, April 02, he said that the status of Malay is very healthy
based on the Malay Municipal Accountant if financial status is the topic.
Allegedly, in the closing of the year 2012, Malay had excess
funds of P196Million.
In addition, according to the Financial Report of the LGU of
Malay, the whole asset of Malay increased by more than twenty four (24%)
percent in 2012 if compared with 2011.
In 2011, the town’s asset was at P329 Million, but it
increased before the end of 2012 and reached P408.4 Million.
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