BARBAZA MULTI-PURPOSE COOPERATIVE TABLE OF CONTENTS Title...... Page Messages ...... 2-10 Program ...... 11 Minutes of the 5th Annual Representative Assembly ...... 12-23 Board of Directors’ Report ...... 24-25 Board of Directors’ Resolutions ...... 26-29 Audit Committee Report ...... 30 Election Committee Report ...... 31 Education Committee Report ...... 32 Trainings, Seminars and Fora Attended and Coop Activities Participated ...... 33-35 Credit Committee Report ...... 36 Mediation and Conciliation Committee Report ...... 37 Ethics Committee Report ...... 38 Management Report ...... 9-47 Independent Auditor’s Report ...... 48-49 Consolidated Statements of Financial Condition ...... 50 Consolidated Statements of Operations ...... 51 Statements of Changes in Equity ...... 52 Statements of Cash Flows ...... 53 Statements of Financial Conditions by Services ...... 54 Statements of Financial Conditions per Branch – Credit Division only ...... 55 Statements of Operations by Services ...... 56 Statements of Operations per Branch – Credit Division only ...... 57 Consolidated Financial Schedules ...... 58 Proposals ...... 59 2017 Annual Plans ...... 60-67 Proposed Budget for the Year 2017 – Credit Division ...... 68 Proposed Budget for the Year 2017 – Cable TV& Internet Division ...... 69 Proposed Budget for the Year 2017 – Gas Station Division ...... 70 Membership Segmentation Criteria ...... 71 2016 Membership Segmentation ...... 72-79 List of Representatives ...... 80-82 Social Services ...... 83 5th Representative Assembly Highlights ...... 84-85 2016 Barbaza MPC Highlights ...... 86-87 Products and Services ...... 88 The Board of Directors ...... 89 Management and Staff ...... 90-98 The BOD Chairpersons ...... 99 Cooperative Theme Song, Coop Cable Theme Song and the Cooperative Pledge ...... 100
2016 ANNUAL REPORT [1] NATCCO NETWORK Messages
Republic of the Philippines VICE PRESIDENT OF THE PHILIPPINES Offi ce of the Vice President
Mayad na adlaw to all and the members and attendees of the Barbaza Multi-Purpose Cooperative’s 52nd Annual General Assembly!
We are glad to hear of your Annual General Assemblies to meet with your member-consumers! We are inspired by the role each of you plays in this effort to bring together those in your industry. Cooperatives are a valuable part of our society and we are happy to see you fl ourish.
We wish you all the best and are confi dent that you will all enjoy a successful, productive event.
Mabuhay tayong lahat!
HON. LENI ROBREDO Vice President
SENATE OF THE PHILIPPINES Offi ce of the Senator Juan Miguel F. Zubiri
My warmest greetings to the men and women of Barbaza Multi-Purpose Cooperative on the occasion of its 52nd Annual General Assembly.
Being one of the prime movers of the Philippine economy, we owe a great deal to our hardworking cooperatives that without whom many of our countrymen will remain marginalized. By fi lling the gap the government is unable to provide in terms of services, this key sector continue to focus on the crises that plague our people and offer continual and lasting solution by spurring Micro Small Medium Enterprises development that engender employment and diminish indigence in communities across the archipelago.
Your Senate Committee on Cooperatives recognize the role you assume to alleviate the lives of many of our countrymen that is why we persevere to address the evolving needs of this important sector. Your struggles will not go unnoticed, as we will push for measures that will further strengthen our cooperatives and foster an auspicious atmosphere for your continued growth.
I wish you the best of luck, and may all of us work together to build a stronger and better Philippines for all.
HON. JUAN MIGUEL F. ZUBIRI Senator
[2] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Messages
Offi ce of the President of The Philippines COOPERATIVE DEVELOPMENT AUTHORITY Department of Finance
Felicitations to Barbaza Multi-Purpose Cooperative on the occasion of your 52nd Annual Assembly.
Empowerment is the call of the times because when people are empowered, it will give way to social restructuring. That looming structure called cooperativism is now considered the people’s preferred development model as the cooperatives are now seen globally as the acknowledged leaders in the economic, social and ecological sustainability.
In essence, what cooperatives now are advancing is a kind of development that is holistic, pro-people, community- based and with a popular participation. It is an approach that puts man at the center and in the mainstream of the processes. These are well pronounced in the principles we live by.
It has been said that the past or the present does not shape the future; your vision does coupled with the single-minded determination to work for it and put it to reality. Mere intention alone creates its own energy, how much more if it is pursued with a strong will.
Barbaza Multi-Purpose Cooperative has shown the way on what a cooperative should be. Its accomplishments are the concrete and tangible manifestations of the driving forces that are in the realm of the intangibles. The good governance exemplifi ed by its Board of Directors, the industry and innovativeness poured-in by its management and the values of cooperation and participation of its members are the pillars of its strength in the long and arduous journey towards making life better for the people. Innovativeness coupled with industry, good governance and cooperation from members are the values that have catapulted the cooperative to achieve an indelible mark of success.
More power and kudos to Barbaza Multi-Purpose Cooperative! ORLANDO R. RAVANERA Chairman
NATCCO Network
Our future, Today
The NATCCO Network congratulates the Cooperative members, management, staff and leaders of Barbaza Multi-Purpose Cooperative on its 52nd Annual Assembly!
Your theme this year “Empowering Communities through Productivity and Diversity” is very relevant. Indeed, this refl ects your co-ops’ desire to build a better world, eliminating poverty and building prosperous and peaceful communities. This is also in line with the SDG where productivity and income of the farmers have to be doubled by year 2030. It is also inspiring that you consider diversity a key element in empowering communities. We should look at diversity as a strength, rather than a weakness.
I am very impressed with your commitment to live and breathe the Cooperative Values and Principles. You have grown not only in size and numbers, but your members as well have improved their lives and made your community a better place.
Your cooperative is proof that no business model can equal nor exceed the capacity of co-ops at promoting social transformation. Co-ops have proven this before, and you are proving it every single day.
Be assured that the NATCCO Network will continue to stand with you, develop new products and services that enable primary cooperatives to serve their members more effi ciently, and continually aiming to make the Philippine co-op sector an integrated Network – robust, resilient, and ethical.
We ask you to be an active partner with us in building an integrated network as NATCCO celebrates its 40th year this 2017.
MABUHAY ANG KOOPERATIBANG PILIPINO! SYLVIA OKINLAY-PARAGUYA Cooperatively yours, Chief Executive Offi cer
2016 ANNUAL REPORT [3] NATCCO NETWORK Messages
Republic of the Philippines House of Representatives Quezon City, Metro Manila
Congratulations Barbaza Multi-Purpose Cooperative on your 52nd Annual General Assembly!
This occasion is marked with outstanding accomplishments and I am proud of what you have achieved. Having awarded as the Most Outstanding Primary Cooperative by the CDA Gawad Pangal is a testament of the great effort that you put in enhancing the productivity of the cooperative.
There has been sustained increase in your assets, membership and new programs and services were offered. Your social services and advocacy programs were broadened as well. The year 2016 is indeed a productive year for Barbaza MPC and I pray that this will continue.
I pray for the sustainability of your cooperative. May your goal of empowering communities will be a resounding success. I likewise pray for your continued commitment to cooperativism, to serve the members and the community and to contribute to the development of our country.
Today we are facing the challenge of defending the tax exemption privileges of cooperatives. I wish that you will be one with the cooperative movement in this fi ght.
Congratulations again and more power!
HON. ANTHONY M. BRAVO, Ph.D. Representative, Coop-NATCCO Party-list
Republic of the Philippines House of Representatives Quezon City, Metro Manila
Warmest Cooperative Greetings!
Congratulations to BARBAZA MULTI-PURPOSE COOPERATIVE on your 52nd Annual General Assembly with the theme “Empowering Communities through Productivity and Diversity”.
I salute the commitment of Offi cers, Management, Staffs and Members of BARBAZA MPC in uplifting the lives of the less fortunate among our people and in giving honor and pride to the Province of Antique.
As you open another year of service, may you continue to be an inspiration to other cooperatives in providing sustainable programs and services to the community.
This humble representation is very much grateful to your support in the last elections. Rest assured that Coop- NATCCO Party-list will be your strong partner in the House of Representatives in this 17th Congress.
I wish you more productive years to come.
HON. SABINIANO S. CANAMA Representative, Coop- NATCCO Partylist
[4] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Messages
Offi ce of the President of The Philippines COOPERATIVE DEVELOPMENT AUTHORITY
The Annual General Assembly (AGA) is not only for compliance of Article 34 of RA 9520, otherwise known as the Philippine Cooperative Code of 2008, but as well as a venue to shape destiny of cooperatives through transparency, participation and shared – decision making.
As lead advocate of cooperativism, I am very much grateful to cooperatives that are religiously conducting this signifi cant gathering of members every year.
Hence, my profound grand salutation and commendation to the offi cers, members and employees of Barbaza MPC (BMPC) as they Celebrate their 52nd Annual General Assembly (AGA) on March 26, 2017.
In like manner, I am deeply conveying my warmest congratulations to BMPC for receiving a special citation on “Excellence in Providing Financial Products and Services to Members” in the 2016 Gawad Parangal and in fulfi lling its socio-economic, environmental and political responsibilities to its members and the community in 52 years.
This year’s annual gathering is being inspired by a well-chosen theme, “Empowering Communities through Productivity and Diversity” is appropriately fi tting and timing as we are facing societal illnesses, like poverty, corruption, unemployment, etc. and challenges brought about by borderless society.
This simply means that by giving authority, opportunity and motivation or empowering internal and external stakeholders is a plus factor in the journey of transforming inputs (resources) into outputs (goods and services) through effectiveness and effi ciency in attaining a win-win outcome, which is higher productivity in your institution.
An outcome, that signifi cantly plays a major role in loosening the bondage of poverty, fi ghting corruption, minimizing unemployment …. …facing problems on diverse surroundings as well as competition on globalization and regional economic integration.
Thus, I envisioned that BMPC will become more stronger in sustainably fulfi lling its socio-economic, environmental and political responsibilities to its members and the community. With high hopes, I am certain that fl ame of enthusiasm will keep on burning in the hearts and minds of its internal stakeholders in advancing and translating dreams into reality leading to empowerment and improvement of the quality of life of ALL.
Keep it up, congratulations and MABUHAY!!! ATTY. ARNEL D. AGRASADA Regional Director
victo national
2016 was an eventful year for the cooperative sector. Most of our cooperators were collectively brought together through numerous national, regional, thematic and sectoral congresses initiated by CDA and other cooperative advocates including VICTO National. We thank and congratulate all cooperatives who were actively involved in those events.
In 2016, we also saw a signifi cant change in the cooperative movement under the leadership of newly-elected President Rodrigo Roa Duterte. It was a welcome surprise when he issued the fi rst Executive Order mandating to transfer back the Cooperative Development Authority (CDA) to the Offi ce of the President. This development gives hope to the cooperative sector to be recognized as a partner of the national government in achieving its socio-economic programs on poverty alleviation, job generation and livelihood for the countryside. However, the collection and consolidation of the credible and reliable data of our contribution to these programs remains a challenge to the cooperative sector.
We were also confronted with some regulatory issues, particularly on the implementation of CISA law. There were different views and insights presented as to the positive or negative effects to our sector. But good thing to note that your federation is actively involved in the process to fi nd a better solution to these issues.
In the last quarter of the year, your VICTO National in cooperation with other federations under the Philippine Cooperative Center once again showed our strength with the holding of the 13th National Cooperative Summit in Manila which drew over 4,000 cooperators all over the country.
This year, our network theme “Cooperatives: The power to act for a sustainable future” is to highlight the need for us to refl ect, work as one solid sector, consolidate our strength, improve our internal processes and capabilities, focus on our core competence and expertise, in order to be resilient and to become sustainable in the future.
VICTO National, your Federation, has a strong faith that through cooperation we can achieve more.
Thank you and Congratulations! NAPOLEON E. SENTILLAS, SR. Chairperson of the Board 2016 ANNUAL REPORT [5] NATCCO NETWORK Messages
Cooperative health management federation
My warmest felicitation on behalf of the Cooperative Management Federation (CHMF) to the Board of Directors, offi cers and members of Barbaza Multi-Purpose Cooperative!
Your cooperative has many reasons to celebrate your 52nd Annual General Assembly. It is already more than fi ve decades that Barbaza MPC has been servicing its members and the community. Surely, for these long years many members are very thankful to Barbaza MPC for being a dependable partner to its members especially in trying times.
Barbaza MPC’s 52 years of existence is a true statement of its stability and viability that will assure its members that more quality products and services will be provided to your members for another 50 years and beyond. With these and your growing number of members, products and services and offi ces are clear indications of the great confi dence that your members and your community bestowed upon your offi cers and staff.
With your theme “Empowering Communities through Productivity and Diversity”, Barbaza MPC shows your commitment to your members and the community to improve their economic well-being through programs and services that will uplift their lives and their families.
It is my great wish that Barbaza Multi-Purpose Cooperative fulfi lls all its endeavors, maintains its strength and sustainability, develops more products that will further help its members and encourage non-members to join your cooperative and enjoy its benefi ts.
Congratulations and more years of success! ROY S. MICLAT Chief Executive Offi cer
CLIMBS LIFE AND GENERAL INSURANCE COOPERATIVE
To share a common goal is good, but working it out for the common good of everyone is better. As change is a constant thing in this world, our goal is to act and to stay relevant to our members by providing them with complete fi nancial solution.
As a cooperative, this would not be possible without moving beyond limitations for success is not merely achieved by one person, it involves cooperation and consistency; unity brewed with camaraderie in working towards a common purpose. This is what cooperative is about. This is what we are about.
In times of strain, there are people who care. And, as a cooperative that cares for our members, we work hard to be able to give services when our aid is needed. We exist for a purpose, and this is to fulfi ll dreams and expectations of our fellow co- operators. Above all, we must not forget to thank our Father Almighty for His undeviating guidance and blessings.
On your 52nd Annual General Assembly, in behalf of CLIMBS Life and General Insurance Cooperative, I, whole-heartedly, congratulate you for your accomplishments.
Mabuhay Barbaza Multi-Purpose Cooperative!
God bless everyone, and again, Congratulations.
FERMIN L. GONZALES President/CEO
[6] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Messages
LAND BANK OF THE PHILIPPINES
LANDBANK is privileged to join the 52nd Annual Assembly of the Barbaza Multi-Purpose Cooperative (BMPC). This gathering is not only an opportunity to prepare for the year ahead but more importantly, as a celebration of the coop’s achievements in the past year. Let me take this opportunity to congratulate the Board of Directors, Offi cers, Staff and members of the BMPC for making 2016 another banner year for the organization.
I laud Barbaza MPC for making your experiences and learnings for the past as stepping stones to becoming one of the biggest cooperative in Western Visayas with over 56,000 members in the Barbaza MPC branches strategically located in three Provinces of Panay. You have been catalysts of countryside development and positive change in the lives of people in your areas of coverage.
As embodied in the theme of your assembly “Empowering communities through Productivity and Diversity,” we count on your dedication to top your potentials of your members as you help them uplift the standard of living. May you likewise continue to support more agricultural and livelihood projects in your areas of coverage. We are optimistic that Barbaza MPC will continue to expand its reach and enhance products and services to better serve the community.
LANDBANK is proud to be a part of your growth. In 2015, you bagged the Ginintuang Gawad Pitak Award for Non-Agri category the highest award conferred by LANDBANK to our client cooperatives. This remarkable success is the product of years and years of hard work, dedication and cooperation by your Board of Directors Management, Staff and Members.
LANDBANK will continue to be your solid partner in promoting and nurturing cooperativism in pursuit of our mutual goal of sustainable and inclusive growth.
To all the offi cers, Staff and Members, congratulations on your concerted efforts and keep up the good work.
VIVIAN M. CAÑONERO Assistant Vice President Head, Iloilo Lending Center
antique federation of cooperatives (afccui) Funda, San Jose, Antique Email Address: [email protected]
It is with great pleasure that I extend my warmest greetings to the Offi cers, Staff and multitude members of the Barbaza Multi- Purpose Cooperative on your 52nd Annual Assembly on March 26, 2017.
For more than fi ve decades, Barbaza MPC has served as model cooperative excellence and made valuable contributions not only to the cooperative movement but to the community as a whole.
Since its existence, Barbaza MPC has been known for rendering signifi cant assistance to its 56,461 members coming from the nine BMPC branches in the three provinces of Panay Island. Worthy programs and services have been extended; all demonstrate your vision and ideals to uplift the lives of your members.
May your 52nd Annual Assembly carrying the theme,” Empowering Communities through Productivity and Diversity,” serve not only as inspiration but as gold to your organization… a precious gem from which you draw inspiration in your continued striving for excellence and global competitiveness. Rest assured that you have AFCCUI’s unfailing commitment to support your cause.
Congratulations and More Returns! NICK M. ABARIENTOS BOD Chairperson
2016 ANNUAL REPORT [7] NATCCO NETWORK Messages
Republic of the Philippines House of Representatives Quezon City, Metro Manila
To The Offi cers, Board of Directors, Members and Benefi ciaries:
Greetings !
Barbaza Multi-Purpose Cooperative has indeed paved its way in the world of cooperatives for having the distinction of “the billionaire coop”.
Cooperatives are links of the grassroots towards attaining a future that its members and benefi ciaries can lean on.
The more than 56,000 strong member –cooperators in all nine branches in Panay Island can never be wrong when they enlisted themselves to become part of this Cooperative. Now as the Coop empowers the communities, it is no less than the cooperators himself that is gaining strength and his future stabilized.
On your 52nd year, it is but fi tting to brace yourselves for the future as your Cooperative continues to empower your communities and hone you to become productive.
This humble servant of yours walks with you every step of the way as you mark another milestone.
Again, congratulations and Godspeed. HON. PAOLO S. JAVIER Congressman Lone District, Antique
Republic of the Philippines Province of Antique OFFICE OF THE GOVERNOR San Jose de Buenavista
A genuine and effective Cooperative service involves unity and commitment among its member- cooperators. Harmony of interests and effectiveness of responsibilities could be attained with mutual agreement and support. Thus, unanimous support and a collective action towards advancement bind the member-cooperators for successful Cooperative operations.
Your cooperative is a vivid example of such, and we can witness this advancements through your fl ourishing branches located in the different provinces of Panay along with its copious member-cooperators totaling to fi fty-six thousand four hundred sixty-one (56,461). To the Barbaza MPC family, armed with your knowledge and capabilities, we hope that you will never falter in your duty to deliver excellent and effective services to your Cooperators.
Working in Cooperative means that you uphold the virtues of cooperation, responsibility, equality, equity, democracy and solidarity because the nature of your working environments center in the delivery of service to the people. I am glad to convey this message of solidarity to all of you for I know that the offi cers, personnel and members of Barbaza MPC are doing their best to unite, work hard and commit to serve the people of Antique and the whole of Panay.
With your assembly’s theme, “Empowering Communities through Productivity and Diversity”. I hope that you will continue to aim for a more productive and sustainable cooperative service through formulating more programs, projects and services benefi cial to the welfare of your member-cooperators.
My warmest congratulations to Barbaza Multi-Purpose Cooperative on the occasion of your 52nd Annual Assembly!
HON. RHODORA J. CADIAO Governor [8] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Messages
Republic of the Philippines Province of Antique MUNICIPALITY OF BARBAZA Offi ce of the Municipal Mayor
Congratulations
Fifty two (52) years of service to your community and people is truly a feat to reckon. Many milestones has been built, many lives has been touched. Your theme “Empowering Communities through Productivity and Diversity” is apt and fi tting to the present-day demands of time. It is a goal each and every member needs to ponder and fi nd a place to fi t there in.
Mabuhay BMPC !!!
HON. GERRY C. NECOR Municipal Mayor
Republic of the Philippines Province of Antique Municipality of San Jose de Buenavista Offi ce of the Municipal Mayor
I would like to greet the offi cers and members of Barbaza Multi-Purpose Cooperative in its 52nd Annual General Assembly. Among community based cooperatives in the region, I think Barbaza Coop is the largest and the most successful so far.
I’ve heard that you are the consistent national awardee these past years and by these alone you bring honor not only to your municipality, Barbaza, but to the whole province as well. I think your success is more attributed to your capable Offi cers, Staff and members of the committees and to a very large extent, to your members who are actively involved in the affairs of the coop.
But while you may think you are successful, please do not rest on your laurels. Try your best to be the very best in all phase of cooperative endeavors. If you look award, there are many social ills and problems that the coop can do something about. It’s just a matter of setting your priorities and thrust and doing things with determination and commitment. After all being a cooperative, you are one of the social development institutions that are not constraint by bureaucratic red tape. I think you can programs and projects effi ciently and effectively compared to other government agencies.
I hope you have a meaningful Assembly where you look back at what you have done the past year and what you intend to do this year. Be it that way and I bid you a successful General Assembly
Thank you so much.
(Sgd) HON. ELMER C. UNTARAN Municipal Mayor 2016 ANNUAL REPORT [9] NATCCO NETWORK Messages
NATCCO Network barbaza multi-purpose cooperative
Congratulations, Cooperators and warm welcome to our 52nd Anniversary and 6th Representative Assembly with the theme “Empowering Communities, Through Productivity and Diversity”.
For 52 years, Barbaza MPC has helped communities through its diverse and responsive products and services that empowered its members to acquire best education, stable livelihood and better quality of life. It also play key role in the implementation of the Sustainable Development Goal to support the government in nation building as a catalyst of economic growth and progress of the marginalized members of our society ,maintaining a dignifi ed, sustainable way of life.
Citations, awards, recognitions and surplus were only material manifestation of our hard work that lifted our spirits as your leaders but the more touching and heart-warming achievements are the positive compliments of what BMPC has transformed our members’ lives.
As we celebrate greatness, I thank you for your presence, and may you continue to commit your unweavering support as we journey towards achieving new goals for the next generation to uphold.
God bless everyone! Mabuhay BARBAZA…Your Partner, Your Life!
CORAZON C. TINGSON BOD Chairperson
NATCCO Network barbaza multi-purpose cooperative
The cooperative is recognized as vehicle for peace, progress and social justice, also the most sustainable and participatory business model in terms of economy, socially and environment.
We can proudly consider that the year 2016, the existence of our cooperative refl ected very successful for we were able to sustain our growth and momentum. Our assets and membership is constantly increasing. A lot of innovations were introduced truly for the development of the members and other stakeholders.
We’ve been through 2016 election and it challenged us that the privileges and support of the cooperatives will be continuously accorded by the new administration. In fact, the management and the membership take lead the campaign to support and vote COOP NATCCO party list and fortunately garnered 2 seats in the house of representative. We have put on all our eff orts to identify and lobby projects for the betterment of the community through representation of our TWO Congressmen.
The management focused on membership saturation, developing and enhance coop products and strengthen the linkaging eff ort. We are the major partner of the Land Bank of the Philippines and DSWD for the distribution of conditional cash transfer to the recipients of 4Ps (Pantawid Pamilyang Pilipino Program), partner of CLIMBS as Coop Assurance Center (CAC); health management advocates under 1 Coop health, SSS and Phil health processing offi ce. For cable television operations, we have expanded to the Municipality of Hamtic, Antique using the state of the art – Fiber to the home technology and upgrading the signal from analogue to digital.
For this year’s theme: “Empowering communities through productivity and diversity” is fi tted and can relate to our Annual Plan considering that the directions are enterprising the household, developing the agricultural production, protection and health maintenance of the members. We will endeavor to identify, fi nance and assist the potential enterprise of the members with the virtuous marketing channels. The challenge for agriculture is on how to sustain and improve productivity and value chain. We will create a production and demo farm of organic technology for vegetables, high value crops and live stocks with market linkages.
We believe that if we put our acts together we can achieve more, will become the preferred option for business alternative of ordinary people and in the countryside. As offi cers, staff and members let us be one and bestow in the philosophy that cooperative model is the most eff ective in alleviating poverty, social justice and growth.
Let’s thank God for giving us all the blessings and continue to achieve more. FELIMON M. ESPARES General Manager/CEO
[10] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE 6th ANNUAL REPRESENTATIVE ASSEMBLY PROGRAM ACTIVITIES “EMPOWERING COMMUNITIES THROUGH PRODUCTIVITY AND DIVERSITY” March 26, 2017 The Venue, AFCCUI Center, San Jose, Antique
7:00 am – 8:00 am Part 1. Holy Mass Rev. Fr. Joseph Bana 8:00 am – 8:45 am Breakfast and Registration 8:45 am – 9:15 am Part 2.Opening Activity a. The Entrance of Colors Color Guards b. Processional March Offi cers and Guests c. Opening Prayer Dr. Ponciana Vegafria d. Philippine National Anthem Video Presentation e. Cooperative Pledge f. Coop Mission and Vision g. BMPC Themesong 9:15 am – 9:30 am Production Number Tribu GuinFuCaan (Ati of Hamtic) 9:30 am – 9:40 am Welcome Remarks Hon. Elmer Untaran Mayor of San Jose de Buenavista 9:40 am – 9:50 am Opening Remarks Mrs. Corazon C. Tingson BOD, Chairperson 9:50 am – 10:10 am Recognition and Presentation of Representatives, Branch Heads Guests and Dignitaries 10:10 am – 10:50 am Solidarity Messages Hon. Gerry C. Necor Municipal Mayor Barbaza, Antique Ms. Sylvia Quinesio CLIMBS, Area Manager Hon. Rhodora Cadiao Governor Province of Antique Atty. Arnel Agrasada CDA Regional Director Region 6 10:50 am – 11:10 am Entertainment Number Hon. Dante Beriong SP Member 11:10 am – 11:15 am Introduction of the Key Note Speaker Mr. Jessie Pido BOD, Member 11:15 am – 11:45 am Keynote Speech Eulogio T. Castillo, PhD. Board Administrator CDA 11:45 am – 12:00 nn Awarding and Recognition Board of Directors 12:00 nn Lunch Master and Lady Dean of Ceremonies Ms. Madonna Baccay Ms. Charlyn Mae Espanola 1:00 pm – 4:00 pm Part 3. Busines Meeting I. Call to Order Dir. Corazon C. Tingson, Presider II. Reading of Proof of Due Notice Ms. Mary Jane P. Bana, BOD Secretary III. Ascertainment of Quorum Ms. Mary Jane P. Bana, BOD Secretary IV. Declaration of Vacancy Mr. Arthur M. Espares, Elecom Chairman V. Presentation of Qualifi ed Nominees Ms. Charlene Espanola, Elecom Secretary and Self-Introduction VI. Election Election Committee VII. Reading and Approval of Minutes of RA 2016 Ms. Mary Jane P. Bana, BOD Secretary VIII. Business Arising from the Minutes Ms. Mary Jane P. Bana, BOD Secretary IX. Reports and Adoption thereof a. Board of Directors Dir. Corazon C. Tingson, BOD Chairperson b. Audit Committee Mrs. Jacobina R. Alabado, ACOM Chairperson c. Election Committee Mr. Arthur M. Espares, Elecom Chairman d. Audit Report Mr. Micheal Aguirre, UHY M.L. Aguirre & Co. CPAs e. Financial Report Mr. Felimon M. Espares, GM/CEO f. Management Report Mr. Felimon M. Espares, GM/CEO X. Unfi nished Business, if any XI. New Businesses a. Proposed 2017 Annual Plans and Budget b. Proposed Amendments to Articles of Cooperation and By-Laws XII. Hirng of External Auditor XIII. Declaration of Winning Candidates (Re-Organizational Meeting will follow)
Closing Remarks Mr. Nicolas M. Valentin, BOD, Vice-Chaperson 4:00 pm -4:30 pm Part 4. Raffl e Draw
2016 ANNUAL REPORT [11] NATCCO NETWORK 1
NATCCO Network Barbaza Multi-Purpose Cooperative Cubay, Barbaza, Antique 1 Email: [email protected] 2 Our future, Today 3 MINUTES OF THE 5th ANNUAL REPRESENTATIVE ASSEMBLY HELD AT 4 SARABIA MANOR HOTEL, ILOILO CITY ON MARCH 12-13, 2016 5 6 Theme: “BMPC Beyond 50: Propelling Financial Inclusion Towards Sustainability” 7 8 March 12, 2016 (Saturday) Part I – Arrival, Registration and Billeting 10:00 a.m. – 12:00 a.m. 9 Part II – Opening Program 01:30 p.m. 10 1. Entrance of Colors Color Guards 11 2. Processional March Entrance of Officers and Guests 12 3. Doxology Video Presentation 13 4. Opening Prayer Mrs. Glory Jean Bacayo, District 14 Representative of Barotac Viejo 15 5. National Anthem Video Presentation 16 6. Coop Theme Song Mr. Arthur Espares and Mrs. Luz Victoriano 17 Composer and Singer of the Coop Theme song 18 7. Cooperative Pledge Mr. Arthur M. Espares, Ethics Committee Chair 19 8. Welcome Remarks Mr. Dominador S. Co 20 Executive Assistant for Tourism for and in behalf of Hon. Jed 21 Patrick Mabilog, Mayor, City of Iloilo 22 9. Opening Remarks Dir. Evelyn C. Remo, BOD Chairperson 23 10. Presentation of Officers, Staff & Branch Head 24 District Representatives 25 11. Solidarity Messages Hon. Gerry Necor 26 Municipal Mayor, Barbaza, Antique 27 28 Mr. Emmanuel Solis, Jr., CNPL Nominee 29 30 Ms. Vivian M. Canonero, AVP-LBP 31 32 Prof. Sammie Billanes 33 Chairman, National Cooperative Dev’t. Council&CEO- 34 WVAC 35 36 37 12. Entertainment Number Ms. Gevie Corio, Coop Member, Molo Branch 38 13. Introduction of Keynote Speaker Dir. Corazon C. Tingson 39 14. Keynote Speech Hon. Orlando R. Ravanera, CDA Chairman 40 15. Awarding and Recognition Awards Committee 41 42 Lady Dean of Ceremonies: 43 Ms. Madonna Baccay 44 Mrs.Charlyn Mae Española 45 46 A. Staff Loyalty Awards 47 48 For 5 consecutive years: (Certificate of Appreciation) 49 50 NAME POSITION DATE HIRED 51 Ryan Janaysay Loan Development Officer February 7, 2010 Ruth Macaranas Loan Development Officer November 2, 2010 Dexter Samillano Loan Development Officer April 1, 2010 Ramnic Gertos Loans Account Specialist September 1, 2010 Jessica Patino Teacher June 1, 2010 Noel Amistoso Security Officer February 9, 2010 Reynald Barcarlos Security Officer September 1, 2010
For 10 consecutive years: (Plaque of Appreciation) 52 53 NAME POSITION DATE HIRED 54 Ruth Mondia Loan Development Officer July 1, 2005 Ma. Teresa Nacionales Teller May 15, 2005 Ma. Sherel Necor Teller September 1, 2005 Roland Samsona CATV Field Supervisor July 1, 2005
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B. Coordinators Loyalty Awards
56 For 5 consecutive years: (Certificate of Appreciation) 57 58 NAME POSITION AREA DATE OF 59 APPOINTMENT Nancy Arguelles Area Coordinator Jinalinan, Barbaza December 4, 2010 Annie Española Area Coordinator Ipil, Barbaza January 2, 2011 Mendy Macabante Area Coordinator Palma, Barbaza January 2, 2011 Herminia Luy Area Coordinator Malacañang, Culasi February 5, 2010 Marnie Solis Area Coordinator Centro Norte, Culasi February 5, 2010 Rodolfo Alorro Area Coordinator Buhi, Culasi February 5, 2010 Naty Cadiao Area Coordinator San Gregorio, Culasi February 5, 2010
For 10 consecutive years: (Plaque of Appreciation) 60 NAME POSITION AREA DATE OF APPOINTMENT 61 Dominga Magtubo Area Coordinator Binangbang Centro, Barbaza March 4, 2005
16. Closing Remarks Mr. Felimon M. Espares, GM/CEO 62
63 Break time: 64 Resume: 4:14pm Start of business proper 65 66 Part III – Business Meeting 67 1. Call to Order - Chairperson Evelyn C. Remo called the meeting to order at 4:14 in the afternoon. 68 2. Reading of Proof of Due Notice – A copy of notice dated February 22, 2016 sent to members was read by 69 the Secretary. Stated also in the notice were the following agenda: 70 th 71 a. Reading and approval of the Minutes of 4 Annual Representative Assembly 72 b. Consideration and Approval/Adoption thereof: 73 Board of Directors’ Report 74 Audit Committee Report 75 Election Committee Report 76 Education Committee Report 77 Financial Report 78 External Auditor’s Report 79 Management Report 80 c. Consideration of the Independent Auditor’s Report and Approval thereof 81 d. Hiring of External Auditor for the Year 2016 82 e. Consideration and Approval of the 2016 Annual Plans and Budget 83 f. Other Matters 84 g. Election of Coop Officers 85 3. Ascertainment of Quorum –The registered representatives totaled to 366 or 79.56% of the expected 86 total representatives (460). The Chair declared that there was a quorum. 87 4. Declaration of Vacancy by ELECOM – Mrs. Judith E. Juanites, ELECOM Chairperson, presented the 88 vacant positions to the assembly as follows: BOD-3,AUCOM-2,ELECOM-2. Timeline was read by Mr. 89 Ernesto M. Villaram, ELECOM Vice-Chairperson, Qualifications by Mrs. Juanites. 90 5. Presentation of Qualified Nominees for Elective Position and Self Introduction by Nominees – Mrs. 91 Charlyn Mae Espanola, ELECOM Secretary presented the guidelines and the qualified nominees for the 92 elective position and gave the floor to the nominees for self-introduction. 93 Board of Director Audit Committee Election Committee 94 1. Maghari, Raul 1. Alabado, Jacobina R. 1. Maghari, Oscar F. 95 2. Remo, Evelyn C. 2. Inson, Heriberta 2. Espares, Arthur M. 96 3. Tingson, Corazon C. 3. Madeja, Meme B. 3. Grajo, Mary Rose E. 97 4. Valentin, Nicolas M. 98 99 Ballots were distributed by the assigned staff (area watcher). 100 101 Chairperson Remo reminded the body on the house rules during the deliberation proper. 102 - Wait to be recognized by the Chair 103 - State your name/Agency where you belong 104 - State your question/motion/comment 105 106 Rules were suspended in a couple of minutes for voting. 107 108 6. Election(Voting and Canvassing will follow) 109 110 ELECOM Chairperson Juanites officially closed the voting after the count of 10. 111 112 113 2016 ANNUAL REPORT [13] NATCCO NETWORK 3
7. Reading and Approval of the 4thAnnual Representative Assembly Minutes of the Meeting–The Chair asked the assembly if there was a need to read or dispense with the reading of the minutes. 114 115 RA Resolution No. 01-2016 116 It was moved by Mrs. Corazon C. Tingson of Barbaza and seconded by Dr. Ponciana Vegafria of Sibalom to dispense with 117 the reading of the minutes of the previous assembly. Motion carried. 118 119 Corrections: none 120 121 RA Resolution No. 02-2016 It was moved by Mr. Arthur Espares of Barbaza and seconded by Ms. Josephine Alorro of Culasi and Ms. Ma. Wilnah 122 th 123 Gindap of Tibiao to approve the 4 Annual Representative Assembly Minutes as presented. Motion carried. 124 125 8. Business Arising from the Minutes of the Previous Meeting 126 Mrs. Estelita Luces of Barbaza: Line 374-383 Sale and Transfer of Shares. It was proposed during 127 District Assembly to amend the sale and transfer guidelines (increase the buying rate, and automatic 128 release of share capital of a deceased member-referred to new business. 129 130 RA Resolution No. 03-2016 131 It was moved by Mr. Nicolas Valentin of Barbaza and seconded en masse to suspend the rules for Mr. Emmanuel Solis, Coop 132 NATCCO Party List representative to have his inspirational message and likewise session recess and to be continued at 8:00 133 o’clock tomorrow morning. Motion carried. 134 135 Dinner, Solidarity Night, Raffle Extravaganza & Live Band 136 137 March 13, 2016 (Sunday) 138 Celebration of the Holy Mass Rev. Fr. Marvin Tabion, Presider 139 06:00 a.m. – 07:30 a.m. Procurator, St. Vincent Ferrer Seminary 140 141 07:30 a.m. – 08:30 a.m. Breakfast 142 143 Meeting resumed at 09:06 o’clock in the morning. 144 145 Nationalistic Song Mrs. Charlyn Mae Espanola, ELECOM Secretary 146 (Pilipinas Kong Mahal) 147 Recitation of Coop Vision and Mission Dr. Ponciana Vegafria, Ethics Vice-Chairperson 148 149 RA Resolution No. 04-2016 150 It was moved by Vice-Chairperson Nicolas Valentin of Barbaza and seconded en masse to resume the assembly. Motion 151 carried. 152 153 9. Consideration and Approval/Adoption of Reports 154 A. Report of Board of Directors–Chairperson Remo turned over the chair to Vice-Chairperson Valentin 155 to temporarily preside the Assembly as she rendered the BOD’s Report. Highlights of the report 156 were presented through a power point presentation. Copies of the Annual Report were given to 157 representatives together with their assembly kits. 158 159 Chairperson Remo thanked everyone for the support given during her term. 160 Mrs. Estelita Luces of Barbaza commented that based on data of sale and transfer of shares, how many and how 161 much are the membership withdrawal caused by death and voluntary or personal reasons. CEO Espares answered 162 that out 197 total withdrawn members, 150 are caused by death or automatic withdrawal and 47 is the latter. Total 163 amount cannot be generated as of the moment but a member can visit the nearest office for any query. 164 165 Mrs. Estelita Luces asked if the officers are fully aware that there were potential leaders in the branches not only in 166 Barbaza and should be given a chance to run. Vice-Chairperson Valentin answered that presently there were 5 167 BOD from Barbaza and 2 from Culasi. Officership particularly for BOD is based on Segmentation criteria. Only 168 those segmentized as Gold and Diamond members are qualified to run. ELECOM sent communication to all 169 qualified members. Timeline poster was also posted in all Branches. 170 171 Mrs. Estelita Luces suggested to give 1 or 2 BOD slot for representation from other branches. - referred to other 172 matters. 173 174 Mrs. Lilia Magdaug of Tibiao mentioned the delayed sending of ELECOM notice (Certificate of Candidacy). She 175 appealed to increase commitment and exert extra effort to deliver notice on time to all concern. She said she 176 received her notice a day after the deadline. Mr. Rex Luena of Balasan supported the current notion. It was then 177 noted by management, the Chairperson and the ELECOM. 178 179 180 181 182 [14] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE 4
RA Resolution No. 05-2016 It was moved by Mrs. Hilda Amson of Tibiao and seconded by Mrs. Estelita Luces and Mr. Arthur Espares of Barbaza to 183 adopt the BOD’s Report as presented. Motion carried. 184 185 Vice-Chairperson Valentin turned over the chair to Chairperson Remo to continuously preside the assembly. 186 187 B. Committees’ Reports 188 189 1) Report of the Audit Committee – ACOM Chairperson Jacobina Alabado presented the 190 committee’s report. 191 192 Mrs. Gemina Maghari of Barbaza (former staff) noted that Allowance for Probable Losses or Doubtful Accounts 193 (ADA) is continuously increasing wherein it must be given focus by Audit Committee and the Board on 194 Delinquency. Chairperson Remo answered that such was being brought to the Board every month. ACOM has 195 monthly BOD representation and BOD on Delinquency also joins MCC during their mediation process. The body 196 is trying their best to do what is needed to help solve the problem. Delinquent members are being sent with several 197 notices. 198 199 Mr. Eugene Delos Reyes of Culasi asked if the cooperative have investment/involvement to other coop or affiliates. 200 It was answered affirmatively. Other details would be discussed during management report. 201 202 Ms. Merlinda Ledesma of Culasi said that everyone should help the cooperative combat the increasing delinquency 203 rate. She encouraged everyone being the representative/s to assist in the collection of loan dues. Chairperson Remo 204 further explained that delinquency is everyone’s concern since the management will provide ADA provision. 205 Provisioning will lessen the income and dividend as well. 206 207 Ms. Gilda Mosquera of Culasi said that they don’t know who among the members were delinquent. It was answered 208 that the management and coordinators have the copy. Representatives have the authority to collect. They can see 209 the BMs if they have intention to collect. Provisionary receipt is available. 210 211 Mr. Winnie Erwin Altar of San Jose raised a query on what is the procedure in suing a member and co-maker/s. It 212 was answered that if the borrower failed to comply with the compromised agreement, co-maker/s can be demanded 213 since they are included in the filing of case. Chairperson Remo, to quote “If you want to lose a friend try to lend 214 him money” so beware, co-make only with people you know. 215 216 217 RA Resolution No. 06-2016 218 It was moved by Mr. Arthur Espares of Barbaza and severally seconded to adopt the Audit Committee’s Report as presented. 219 Motion carried. 220 221 2) Report of Election Committee – ELECOM Chairperson Juanites presented the committee’s 222 report. 223 224 Mr. Noel Alcubilla of Balasan commented that according to the report of ELECOM they posted timeline but did 225 not receive any information which resulted to no candidates. There were some of them who are willing and 226 qualified to run and are willing to share ideas and expertise for coop sustainability and to educate also members in 227 other branches. They must inform properly the members ahead of time to encourage MIGS and to improve 228 attendees during meetings/assembly/ies. Suggestion noted. 229 230 Mr. Nimrod Labang of Balasan recommended the minute speaking for every participant to minimize time 231 consumption. It was agreed thereafter. ELECOM will be sending letters/notices to all segmentized members 232 regarding the vacancy. 233 234 Mr. Roberto Grajo of Barbaza proposed to announce/publish as early as this time the vacant positions and timeline. 235 ELECOM Chairperson then announce the next year vacancies i.e BOD including Youth-4, ELECOM-1 and 236 ACOM-1. 237 238 Chairperson Remo said that members willing for coop officership may apply first on appointive positions 239 (MEDCON-3, Ethics Committee-3 and CRECOM-3) for familiarity purposes. 240 241 Mr. Conrado Petinglay of San Jose suggested of having CRECOM per branch as sub-committee. Chairperson 242 Remo answered that approval of loans have existing policy/ approved ceiling. Loans 500K up falls under BOD 243 approval and 300K to 500K-CRECOM and 300K and below is thru In-House Committee approval only. Suggestion 244 noted for policy redefining. 245 246 RA Resolution No. 07-2016 247 It was moved by Mrs. Estelita Luces of Barbaza and severally seconded to adopt the Election Committee’s Report as 248 presented. Motion carried. 249 250 251 2016 ANNUAL REPORT [15] NATCCO NETWORK 5
3) Report of Education Committee – EDCOM Chairperson Nicolas Valentin presented the committee’s report. No comments were raised. 252 253 RA Resolution No. 08-2016 254 It was moved by Mrs. Jacobina Alabado of Barbaza and severally seconded to adopt the Education Committee’s Report as 255 presented. Motion carried. 256 257 Recommendations were noted for consideration and appropriate action. 258 259 Management’s Report –General Manager Felimon Espares presented the highlights of the 260 Management’s Report through power point presentation. It included the coops’ recognition, coop’s assets, 261 members’ deposits, net surplus, gross revenues per Branch, credit operation, CATV and Internet 262 operation, marketing and otoshiami operations, mortuary assistance and other social services. 263 264 Mrs. Estelita Luces commented on the proposed mobile banking which is vulnerable to fraud as per observation to 265 recent happenings. CEO Espares answered that all undertakings have risk that is why it should be studied carefully. 266 All the transaction receipts will be on file, members transacting will have their own copy also. Banks too have 267 started it long time ago. He added that if NATCCO ATM has the problem except technical issues e. g. internet 268 connection or machine failure, then it must be the management deficiencies in the branch which must be reported 269 immediately to them. 270 271 Mr. Ireneo Asuga Jr. of Barotac Viejo shared his hope on farmers sector. CEO Espares shared the plans of the management and confirmed that they will be having a meeting this April regarding agricultural financing, 272 production & technology, etc. Sharing the same hope in promoting organic farming and competing in the world 273 market in the future. 274 275 Mr. Rex Luena of Balasan requested for upgrading of loan module system and internet (especially in Balasan). 276 277 The Cooperative Annual Progress Report was presented including the Audited Financial Statements (AFS), 278 Performance Audit Report (PAR), Social Audit Report (SAR), and List of Officers and Trainings 279 Undertaken/Completed. 280 281 Mrs. Encarnacion Bana of Barbaza appealed the early submission of all reports. 282 283 RA Resolution No. 9-2016 284 It was moved by Mrs. Corazon Tingson of Barbaza and seconded by Dr. Ponciana Vegafria of Sibalom to adopt the 285 Management’s Report including the reports to be submitted to CDA as presented. Motion carried. 286 287 External Auditor’s Report- Mr. Mike Aguirre, President of M. L. Aguirre Co. CPAs presented and 288 explained important points/findings of the External Auditor. All the findings were referred to the 289 management and BOD for improvement and implementation. He then acknowledged the efforts of the 290 Chairperson and CEO leading the cooperative to what it is now. 291 292 Characteristics of BMPC as mentioned in the EA Report: 293 1. Strength in numbers: 47,000+ is already an asset 294 2. Technology-easy consolidation of report. Advanced compared to others. 295 3. Dynamic management team 296 297 Points for Improvement: 298 299 PARTICULARS DISCUSSION/IMPLICATION RECOMMENDATION 300 I INTERNAL CONTROL 1 Loans with Documentation Disclosure Statements are required to be filled-up and Complete the necessary loan Deficiencies signed by the borrower and co-makers in compliance documentation with Truth in Lending Act; and Vouchers must be signed by the Branch Manager as evidence of endorsement for approval of checks. 2 Acceptance of Emancipated Patent Emancipated Patent (EP) and Certificate of Land If possible, avoid acceptance of any (EP)/CLOA Ownership (CLOA) are government property awarded government awarded land titles (EP to person by the government agency and cannot be & CLOA) as collateral. sold, transferred and conveyed for a period of 5 years and 10 years, respectively;
The Cooperative might encounter difficulties in foreclosure of the property in case of non-payment of the borrower; and These Titles may not be rediscountable to any government financial institution(s) such as LBP. 3 Collateral Properties for Re-appraisal We noted during our examination that collateral The Cooperative is encouraged to
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properties last date of appraisal were made during 2013 have the collateral properties be and prior years. appraised every two (2) years.
4 Cancellation of Encumbrance under We noted during our audit that an annotation of Sec 4 Ask the Owner to execute a petition Sec. 4 Rule 74 of the Rules of Rule 74 at the back of the Title is not yet cancelled. to cancel the encumbrance Court(Filing of Claims against the Possibility of third-party claims against the collateral annotation at the Registry of Deeds, Estate) property. or; Alternatively, the borrower shall pay a Surety Bond covering the term of the loan. 5 Understatement of Cash (Per Count) The amount of cash per actual count do not correspond Investigate reason(s) for with the amount recorded per books. discrepancy. There is a possibility of cash misappropriation Accountable person(s) should be reprimanded, if any. 6 Under annotation of Real Estate We noted during our audit that Real Estate Mortgage is The entity should annotate additional Mortgage under annotated by P50,000. In case of foreclosure, the P50,000 or amend the amount from Cooperative cannot repossess 100% of the P300,000 to P350,000 with an mortgaged property additional P50,000 increase
7 Past-due Loans classified as "Current" We noted during our examination that loans classified Reclassification of Loans Receivable as “Current" appeared to be Past Due during from Current to Past- Due should be comparison of loan balance per loan listing versus its made. Also, provision of loan loss respective loan amortization schedule. Reason for should be made (if applicable). difference is insufficient amount of payment 8 Movable Collateral: OR/CR not We noted during our examination that collateral The Cooperative may not be able to encumbered property were not encumbered in Land Transportation repossess the property once the Office(LTO). borrower defaults. II. FINANCIALS 9 Long outstanding unliquidated Cash We noted that during our review that there were long Provide adjustments to reflect the Advances outstanding cash advances issued to officers and proper balance of advances and employee that remains unliquidated. Said cash expense accounts advances were not deducted to advancing employees where some have already resigned from their position. Implication: Violation of Policy on Cash liquidation. Possible unrecorded expenses and / or advance assets. 10. Unverified Loans Payable Supporting documents (e.g. Promissory Notes, Loan Provide supporting documents for (DA & VICTO/NATCCO) Agreements, Amortization Schedule, etc.) for loans examination. payable to Department of Agriculture and VICTO / NATCCO were not yet made available for examination 11. Unrecorded Payment of Payables Examination of Seaoil Purchases reveals that the Provide adjustments to reflect the (Seaoil - Balasan) payment made for a purchase on December 15, 2015 proper balance of payable and cash were not yet recorded in the books. accounts. 12. Unrecorded Savings Deposit and Examination of Confirmation from AFCCUI reveals Provide adjustments to reflect the Investment Income (AFCCUI) that savings deposit and income from time deposit and proper balance of cash and share capital were not recorded. investment accounts. 13. Unrecorded Donation and Grants Examination of details of donation and grant reveals Provide adjustments to reflect the that there is unrecorded donation. proper balance of donation and grant accounts. 14. Unrecorded Inventory Adjustments Comparison of balances per physical count and trial Provide adjustments to reflect the balance reveals that valuation of ending inventory were proper balance of inventory still not reported per physical count. accounts. 15. Unrecorded depreciation expense Comparison of balances per lapsing and trial balance Provide adjustments to reflect the reveals that depreciation were not recorded. proper balance of PPE accounts. III. TAXATION 16. Non-filing of Quarterly Income Tax During our review of the tax compliance of the File the returns and alphalist before Returns Cooperative, we discovered that Quarterly Income Tax their respective deadlines to avoid Returns (BIR Form 1702-Q) and Alphalist of payment of possible penalties. Employees were not filed on their respective due dates. 17. Non-filing of Alphalist of Employees-(Attachment to 1604-CF) IV. OTHER MATTERS 18. BOA Resolution on Required CPA The Board of Accountancy (BOA) promulgate rules The Cooperative, thru its BOD, should Certification on Compilation Services and regulations on Certification of Audited decide who will certify the FS of Financial Statements to be submitted to BIR. Brief Barbaza MPC for the year ended facts regarding the resolution are as follows: December31, 2016. 1) Optional for FS ending 31-Dec-15 until 31-May-16; (Compilation services other than audit 2) Required for FS ending 30-June-16 onwards; of FS) 3) CPA certifying the preparation of FS can be: - Accredited CPA in private practice (Employee) - External Practitioners, other than the external auditor 19. RA 10744: Establishment of Credit The Philippine Congress passed a law to encourage the The Cooperative, thru its BOD, should Surety Fund (CSF) Cooperatives establishment of CSF Cooperatives to enhance consider whether to be part of a CSF accessibility of member-cooperative to credit facility to Cooperative. banks. Brief facts are as follows: 1) Approved on 06-Feb-2016 (Effectivity: 15 days after publication; IRR 60 days after effectivity); 2) CSF COOP (An LGU-partner COOP): May
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compose of COOPs and NGOs within a specific LGU, GFIs, locality (City or Province); 3) Usage of Credit Surety Fund: The contributions pooled is to be used as surety for loans of qualified borrowers from lending banks; and 4) Maximum Loan Availment (CSF COOP member): 20. Financial Reporting Framework For The CDA promulgate rules and regulations on The Cooperative, thru its BOD, Cooperatives Financial Reporting Framework to be used by should consider prospective application Cooperatives. of the new Financial Reporting Brief facts are as follows: Framework for Cooperatives, 2016 1) Approved on 16-Sept-2015 (Effectivity: 15 days after Audited Financial Statements publication); 2) Required for FS ending 31-December-16 & onwards; 3) Key Disclosures: - Disclosure of Key Management Personnel Salaries; - Related Party Disclosures (nature and terms of transactions, including amounts and outstanding balance) - Loans Receivable: Disclosure of current, past-due, restructured and in litigation using Portfolio-at-risk; - Description of donation (name of donor, amount, and condition of donation, if any); - Prior period errors: Effected in current year with disclosure on its nature. 21. PISO: Performance analysis and RaGos that needs improvement: Profitability Growth % - Increasing Evaluation 1) Profitability Growth Ratio; EPS 2) Asset Efficiency Ratio; Asset Efficiency % - Increasing Net 3) Net Institutional Capital; Surplus 4) Members' Equity to Total Assets; Net Institutional Capital - Lower 5) Turn-over Ratio Problematic L/R Equity to Asset % - Increasing Member's CAPCON Turn-over % - Lower Problematic L/R; Increase collection
RA Resolution No. 10-2016 301 It was moved by Mr. Rodolfo Alorro of Culasi and severally seconded to adopt/accept the External Auditor’s Report/Audited 302 Financial Statement as presented. Motion carried. 303 304 RA Resolution No. 11-2016 305 Privilege motion to suspend the rules/recess for checking out and lunch. To be back by 1pm. Motion carried. 306 307 12:05pm: Lunch/checking out in hotel rooms 308 01:01 pm: Meeting resumed 309 310 RA Resolution No. 12-2016 311 It was moved by Mr. Ernesto Villaram of Barbaza and seconded by Mrs. Judith Juanites and Mrs. Charlyn Mae Espanola to 312 resume the business meeting. Motion carried. 313 314 Mrs. Herbie Garganera of San Jose commented on cash count discrepancies which were not properly recorded. 315 What were those branches and how much? CEO Espares answered that it was Caticlan and Barbaza. Discrepancy 316 was because of ATM withdrawal (Cards under custody of coop as collateral). Cards were only checked as per 317 balance and encoded as payment but not actually withdrawn from the individual cards (scenario: every pay day 318 wherein members are waiting for their change and being accommodated). Actual withdrawal is being done on the 319 other day. During the audit and cash count the managers were absent because of prior commitments/activities 320 outside the branch. CEO added that rest assured such act is not tolerated hence advised to complete the transactions 321 for the day. In addition, none of the money or asset of the cooperative is lost but only a matter of reconciliation. As 322 mentioned, amount was nearing 100K per branch. 323 324 10. Unfinished Business – None 325 11. New Business 326 327 PROPOSAL TO THE ASSEMBLY 328 329 A. PROPOSED 2016 ANNUAL PLAN CEO Espares presented the Proposed Annual Plan for 2016 to the 330 assembly. 331 332 CEO Espares said that the management is in need of Marketing Officer (MO) on part time basis. For information: 333 Php30 is being credited to member for each recruit and will be checked and uploaded per month and not per year 334 (previous agreement). 335 336 337 338 [18] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE 8
RA Resolution No. 13-2016 It was moved by Mrs. Judith Juanites of Barbaza and seconded by Mr. Arthur Espares and Mr. Ernesto Villaram to approve 339 the Proposed Annual Plan for 2016 as presented. Motion carried. 340 341 B. PROPOSED 2016 ANNUAL BUDGET CEO Espares presented the Proposed Annual Budget for 2016 to the 342 assembly. 343 344 Mrs. Estelita Luces raised an inquiry if where External borrowings are being availed of. It was answered, Land 345 Bank of the Philippines (LBP) with 6% interest per annum. Interest is being negotiated to have the win-win 346 solution. Availment of borrowing was only to fund the increasing demand of branching. Amount of members 347 deposits especially Time Deposits have decreased due to lowering of deposit interest. Terms and conditions of LBP 348 Credit Line were also favorable to the coop. 349 350 CEO Espares was sorry to inform the body for the not so perfect income projection last year. 67Million Target 351 versus 51 Million Achieved Income. It was due to lowering of interest rate on loans but still rate of increase was the 352 same. Computation was still conservative. 353 354 Mrs. Estelita Luces commented on the loss of Sea Oil Project in the Audit Report. Why loss? CEO Espares 355 explained that it was due to unstable oil pricing, and sale targets on volume not realized. Manpower cost was also 356 high since staff were being paid higher compared to other stations. However, if same situation will happen, the 357 management can return back the franchise, if seen unproductive. As of the moment, members enjoy the Php2 358 discount per liter. 359 360 RA Resolution No. 14-2016 361 It was moved by Mr. Rex Luena of Balasan and severally seconded to approve the Proposed Annual Budget for 2016 as 362 presented. Motion carried. 363 364 C. HIRING OF EXTERNAL AUDITOR (EA) 365 366 UHY – M.L. Aquirre& Co. CPAs - Contract price of P 185,000.00 excluding out-of- pocket 367 expenses 368 369 CEO Espares said that due to hectic schedule, accounting staff was not able to come up with the final list of external auditor applicants (company and individual). On the other hand, UHY-M.L. Aquirre & Co. CPAs is only 370 on its first year and according to CDA guidelines only 3 continuous years is not allowed to have the same auditor. 371 The management on its side was pleased for their output and findings being made. It was then agreed by the body to 372 give again authority to the management and BOD to accept other proposals and select the best, but if none of the 373 applicants was cheaper in cost but performance wise, same will be hired. Fee will be negotiated by both parties. 374 375 RA Resolution No. 15-2016 376 It was moved by Mrs. Estelita Luces of Barbaza and seconded by Dr. Ponciana Vegafria of Sibalom to approve the hiring of 377 an Auditing Firm as External Auditor for the year 2016 and further give authority to the Board of Directors to find/select the 378 best firm among the applicants and with the cheapest cost. Same will be hired if none is better compared to the present. Fee 379 will be negotiated. Motion carried. 380 381 382 D. PROPOSED AMENDMENTS TO THE ELECTION CODE 383 384 From: 385 Article XI 386 GUIDELINES ON APPOINTMENT OF OFFICERS 387 388 Section 1. Other officers who will be appointed or re-appointed by the Board of Directors include the 389 following: 390 1.1 Secretary of the Board 391 1.2 Treasurer 392 1.3 Ethics Committee 393 1.4 Education Committee 394 1.5 Mediation & Conciliation Committee 395 1.6 Other Standing Committee 396 To: 397 398 Section 1. Other officers who will be appointed or re-appointed by the Board of Directors include the 399 following: 400 1.1 Secretary of the Board 401 1.2 Treasurer 402 1.3 General Manager/CEO 403 1.4 Ethics Committee 404 1.5 Education Committee 405 406 2016 ANNUAL REPORT [19] NATCCO NETWORK 9
1.6 Mediation & Conciliation Committee 1.7 Other Standing Committee 407 408 E. PROPOSED AMENDMENTS TO THE ARTICLES OF COOPERATION 409 410 From: 411 Article II 412 Type and Purpose(s) 413 That the type of this cooperative is multi-purpose and the purposes for which this Cooperative is 414 organized are to engage in: 415 Savings and Credit 416 Tellering Services 417 1. Cable TV and Communication Services 418 2. Agricultural Productions and Marketing 419 3. General Merchandizing 420 4. Education and Training Program and Facility 421 5. Health Care Program 422 6. Water Supply Services 423 7. Tourism Program and Facility 424 8. Pharmacy 425 9. Mass Housing 426 10. Money Transfer 427 11. Gasoline Station 428 To: 12. 429 13. Article II 430 Type and Purpose(s) 431 That the type of this cooperative is multi-purpose and the purposes for which this Cooperative is 432 organized are to engage in: 433 1. Savings and Credit 434 2. Tellering Services 435 3. Cable TV and Communication Services 436 4. Agricultural Productions and Marketing 437 5. General Merchandizing 438 6. Education and Training Program and Facility 439 7. Health Care Program 440 8. Water Supply Services 441 9. Tourism Program and Facility 442 10. Pharmacy 443 11. Mass Housing 444 12. Money Transfer 445 13. Gasoline Station 446 14. Accept the responsibilities as Guardian Cooperative of Barbaza National High School 447 Laboratory Cooperatives 448 449 F. PROPOSED AMENDMENTS TO THE BY-LAWS 450 451 From: 452 ARTICLE III 453 Administration 454 Section 4. Number of District Representative. The number of District Representatives to be elected 455 shall be twenty percent (20%) of the total number of the regular members entitled to vote of the District. 456 457 To: 458 459 Section 4. Number of District Representative. The number of District Representatives to be elected 460 shall be ten percent (10%) of the total number of the regular members entitled to vote of the District. 461 462 From: 463 ARTICLE VIII 464 Operations 465 Section 1. Primary Consideration. Adhering to the principle of service over and above profit, the 466 cooperative shall endeavor to: 467 a. Engage in programs and services addressing the needs of the members such as: 468 1. Savings and Credit 8. Water Supply Services 469 2. Tellering Services 9. Tourism Program and Facility 470 3. Cable TV and Communication Services 10. Pharmacy 471 4. Agricultural Production and Marketing 11. Mass Housing 472 5. General Merchandizing 12. Money Transfer 473 474 [20] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE 10
6. Education and Training Program and Facility 13. Gasoline Station 7. Health Care Program 475 476 477 b. Formulate and implement program strategies that will provide its members and the 478 communities within its area of operation needed goods/services; 479 c. Adopt and implement plans and programs which ensure the continued build-up of the 480 cooperative’s capital structure with the end view of establishing other needed services 481 for the members and the public; 482 d. Formulate and implement studies and/or programs that will address the needs of 483 members. 484 485 To: 486 ARTICLE VIII 487 Operations 488 Section 1. Primary Consideration. Adhering to the principle of service over and above profit, the 489 cooperative shall endeavor to: 490 a. Engage in programs and services addressing the needs of the members such as: 491 1. Savings and Credit 8. Water Supply Services 492 2. Tellering Services 9. Tourism Program and Facility 493 3. Cable TV and Communication Services 10. Pharmacy 494 4. Agricultural Production and Marketing 11. Mass Housing 495 5. General Merchandizing 12. Money Transfer 496 6. Education and Training Program and Facility 13. Gasoline Station 497 7. Health Care Program 14. Accept the responsibilities as Guardian 498 Cooperative of Barbaza National High School 499 Laboratory Cooperatives 500 501 b. Formulate and implement program strategies that will provide its members and the 502 communities within its area of operation needed goods/services; 503 c. Adopt and implement plans and programs which ensure the continued build-up of the 504 cooperative’s capital structure with the end view of establishing other needed services for the 505 members and the public; 506 d. Formulate and implement studies and/or programs that will address the needs of members. 507 e. Organize and supervise laboratory cooperatives. 508 509 RA Resolution No. 16-2016 510 It was moved by Mrs. Mary Rose Grajo of Barbaza and severally seconded to approve the proposed amendment on the 511 Articles of Cooperation and By-laws as presented. Motion carried. 512 513 G. PROPOSAL TO OPEN ONE (1) BRANCH EITHER IN ILOILO (PREFERABLY JANIUAY) OR IN THE 514 PROVINCE OF CAPIZ 515 516 RA Resolution No. 17-2016 It was moved by Mrs. Judith Juanites of Barbaza and seconded severally to approve to open one (1) branch (preferably 517 Janiuay) or in the Province of Capiz. Motion carried. 518 519 H. PROPOSED BMPC BUYING GUIDELINES 520 521 Premise: 522 523 Article II, Section 13 of the By-laws: Refund of Share Capital Contribution. A member whose membership is 524 terminated shall be entitled to a refund of his/her share capital contribution and all other interests in the cooperative. 525 526 ARTICLE VII - Capital Structure, 527 Section 8. Transfer of Shares. When no one wants to buy, the cooperative shall have the option to buy any share 528 offered for sale at the value based on the coop buying guidelines, provided that: 529 a. He has held such shares or interests for not less than one (1) year; 530 b. The transfer is made to a member of the cooperative or to a person who falls within the field of membership of 531 the cooperative, and that said person is acceptable to the cooperative; and 532 c. The Board of Directors has approved such transfer. 533 534 Buying price of the Share Capital 535 1. When no one is interested to purchase shares offered for sale after 7 days after Board approval, the coop 536 will buy shares valued at the following timeline: 537 538 539 540 2016 ANNUAL REPORT [21] NATCCO NETWORK 11
Proposed: After 7 days of membership withdrawal notice to the Management, and no one is interested to purchase shares offered for sale, the coop will buy shares valued at the following timeline: 541 542 Value (Proposed) 543 Timeline Value (existing) 544 January 100% 100% February 100% 100% March 100% 100% April 80% 90% May 82% 91% June 84% 92% July 86% 93% August 88% 94% September 90% 95% October 92.5% 96% November 95% 97% 98% December 97.5%
Note: Provided however that the amount for the deducted value shall not exceed P 10,000.00 whichever is lower. 545 546 2. The coop shall purchase share capital only for closed account except share capital of members aged 70 547 and above availing partial withdrawal. The transfer fee shall be charged to the seller. 548 3. Transfer fee shall be P200.00 or 1/2% of the share capital, whichever is lower 549 550 Note: 551 Mrs. Estelita Luces said she is amenable with the presented rate but suggested to further review the 552 guidelines on “Automatic Withdrawal - In case of death”. Categorization must be based on income. Indigent 553 members should be considered (higher rate) - laid on the table. 554 555 556 RA Resolution No. 18-2016 557 It was moved by Mrs. Lilia Magdaug of Tibiao and severally seconded to approve/adopt the proposed buying and selling 558 guidelines amendments except to indigent. BOD is authorized to study further. Motion carried. 559 560 I. PROPOSED MEMBER-PENSIONERS’ PROGRAM 561 562 Member-Pensioners may avail of a monthly advance disbursement of dividend based on the dividend rate 563 of previous year in accordance with the guidelines as follows: 564 1. The member is at least 60 years old 565 2. Has an average share capital/Fixed Deposit (FD) of at least 60,000.00 during the preceding year 566 as evidenced by the share certificate issued by the cooperative 567 3. Such Share capital have been deposited for at least 5 years 568 4. Is not delinquent in loan repayment equivalent to three amortizations to qualify or otherwise 569 monthly availment be suspended. 570 571 Mr. Conrado Petinglay commented that the program is good but 60K is not achievable to majority of the members. Most seniors spend their money on medicines/maintenance not on saving. Mrs. Estelita Luces 572 was amenable to Mr. Petinglay. Chairperson Remo then explained that the program will be for those 573 present and future savers. To encourage thrift and savings; to invest in their share capital at their early 574 age. 575 576 Mrs. Lilia Magdaug suggested to lay on the table the issue to be able to generate correct data to support 577 the proposal. She cited an example. 578 579 Mr. Petinglay suggested to implement immediately the soonest possible time. 580 A division of the house was made 581 Proposal: 582 a. Implement - Majority Voted 583 b. Held on table - 5 votes 584 585 Since majority voted to implement immediately, the body again voted the minimum FD requirement. 586 587 [22] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
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1. Minimum of 40k - 26 votes 2. Minimum of 50k - 118 votes(effective next month April 2016, management to 588 refine guidelines) 589 3. Minimum of 60k - 98 votes 590 591 RA Resolution No. 19-2016 592 It was moved by Mrs. Estelita Luces of Barbaza and_seconded severally to approve the proposed pensioners’ program (50k 593 minimum FD effective April 2016). Motion carried. 594 595 The following were presented to the assembly for their information: 596 597 2015 DIVIDEND RATES 598 Credit Division (75/25 sharing) 599 Interest on Capital 10% 600 Patronage Refund 2.67% 601 Cable Division (70/30 sharing) 602 Interest on Capital 10.10% 603 Patronage Refund 10.10% 604 605 11. Declaration of Winning Candidates/Announcement of Election Results– ELECOM Chairperson Judith Juanites 606 announced that 342 casted their votes, the election results and proclaimed the winners. 607 608 Board of Directors Votes Term of Office Remarks 609 1. Remo, Evelyn C. 304 2 years Elected 610 2. Tingson, Corazon C. 301 2 years Elected 611 3. Valentin, Nicolas M. 273 2 years Elected 612 4. Maghari, Raul 92 Not elected 613 614 Audit Committee 615 1. Alabado, Jacobina 299 2 years Elected 616 2. Madeja, Meme 181 2 years Elected 617 3. Inson, Heriberta 178 Not elected 618 619 Election Committee 620 1. Espares, Arthur 298 2 years Elected 621 2. Grajo, Mary Rose 195 2 years Elected 622 3. Maghari, Oscar 178 Not Elected 623 624 12. Oath Taking of the Elected Officers 625 Re-organizational Meeting followed immediately. 626 Induction into office would still be determined 627 Newly elected Officers were congratulated. All willing members and interested to become appointive officers were 628 reminded to submit their Letter of Intent as soon as possible c/o branch offices. 629 13. Raffle Draw, Awarding of Prizes and Announcement 630 Raffle Bonanza 631 1st Prize Winner Knight Orquia Jr. Sibalom Branch 632 2nd Prize Winner Virgilio Quidato Molo Branch 633 3rd Prize Winner Jebrylle Jun Siva Culasi Branch 634 50 Winners Consolation Prizes 635 636 All attendees were given an umbrella with BMPC logo prints and an RA T-shirt as consolation prizes. 637 14. Other Matters/Announcement 638 a. Allocation/additional slot/representation per province-laid on table because of many 639 intricacies/for amendment. Committed to serve as officers can apply on appointive positions or 640 apply as coordinators for the mean time. To see their BMs. 641 b. Support for Coop NATCCO Partylist and Mr. Cris Paez for senator. A call to all members of 642 family to vote and campaign. Everyone vowed to commit. 643 15. Adjournment 644 RA Resolution No. 20-2016 Since there were no more matters to take-up, Mrs. Corazon Tingson moved and seconded by Miss Ma. Wilnah Gindap to 645 th 646 adjourn the 5 Representative Assembly at 2:46 in the afternoon. Motion carried. 647 648 I hereby certify to the correctness of the foregoing minutes. 649 650 (Sgd) MARY JANE P. BAÑA 651 BOD Secretary 652 Attested: 653 654 (Sgd) EVELYN C. REMO 655 Chairperson 656 657 2016 ANNUAL REPORT [23] NATCCO NETWORK 2016 BOARD OF DIRECTORS’ REPORT Happy 52nd Anniversary BMPC Family!
2016 has been another successful year for BMPC. We look back with full of gratitude for the blessings and providence that God Almighty bestowed upon each one of us and our cooperative. As we celebrate our 52 years of existence, we, your Board of Directors are happy and proud to report our accomplishments;
MEETINGS Regular - 12 Re-Organizational - 1 Special - 1 Total - 14
PORTFOLIO/COMMITTEES being handled and Affi liations Dir. Corazon C. Tingson BOD Chairperson, Networking and Linkaging Dir. Nicolas M. Valentin BOD Vice Chairperson, Education Committee AFCCUI BOD Member Dir. Evelyn C. Remo Board of Director, Gender and Development National Consolidated COOP Bank-Capiz Branch BOD Member representating NATCCO, NATCCO Representative to Negros Surety Fund Dir. Feliza B. Necesario Board of Director, Delinquency Dir. Teodoro M. Ballarta Board of Director, Agriculture and Environmental Care Dir. Bernard Ben T. Ballenas Board of Director, Youth Dir. Jessie Pido,Ph.D. Board of Director, Business, Finance and Investment Mr. Felimon M. Espares General Manager/CEO Ex-Offi cio Member National Chairperson Coop NATCCO Partylist, Member National Anti-Poverty Commission, Chairperson Provincial Cooperative Development Council
COMMITTEES ORGANIZED AND OTHER APPOINTMENTS Credit Committee Mrs. Milagros Y. Garion - Chairman Mrs. Cyrel Eve Espares - Secretary Mrs. Teresa Maghari – Member
The total loan released amounted to Php1, 664,996,082.00. The most availed loans were Salary Loan, Regular Loan, and Instant Loan. Loan as to purpose were Education Loans, Trading Services Loans and Agricultural Loans. The number of members served in 2016 reached 38,039 (male 15,520 and female 22,519.)
Ethics Committee Dr. Ponciana Vegafria - Chairman Mrs. Angelita Ragodo - Secretary Mr. Ernesto Villaram – Member
Each committee member should know the Code of Ethics by heart. All employees and members should know the Code of Ethics and abide by it.
Mediation and Conciliation Committee Ms. Ma. Wilnah Gindap - Chairman Mrs. Lydia Coronica - Secretary Mr. Rex Luena – Member
The committee, one in Vision and Mission of the Barbaza MPC in the attainment of its goals continue to oversee that any possible confl icts and diff erences in the organization is settled through mediation and conciliation. Delinquency was given utmost attention, we reach out to the Branch through text or call of the schedule of mediation conference. We were able to have a mediation conference to some delinquent members. We were updated of the continuous follow up of collection from the members who have executed a compromise agreement.
Education Committee Dir. Nicolas M. Valentin - Chairperson Mrs. Marivic C. Espares - Secretary
Treasurer Ms. Marlyn D. Necor
Secretary Ms. Mary Jane P. Bana
Youth Committee Dir. Bernard Ben Ballenas Ms. NelsyMagabilin, Ms. Maureen Villavert,Ms. Cheryl Hernaez, Mr. Patrick Quidor,
Delinquency Committee Dir. Feliza Necesario Dir. Jessie Pido, Mrs. Ruth Mondia, Ms. Mary Jane Bana, Mr. Glenn Arguelles
[24] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
Finance and Investment Committee Dir. Jessie Pido Mr. Felimon Espares, Ms. Feliza Necesario, Mrs. Meme Madeja, Ms. Marlyn Necor
Agriculture & Environmental Care Dir. Teodoro Ballarta Mr. Ernesto Villaram, Mr. Benito Marquez, Ms. Ma. Wilnah Gindap, Dir. Jessie Pido, Mr. Arthur Espares, Mrs. Marivic Espares
Gender and Development Dir. Evelyn C. Remo Dir. Nicolas Valentin , Mrs. Jessica Arguelles Barangay Coordinators
Bids and Awards Committee Ms. Jacobina Alabado Dir. Jessie Pido, Mr. PercibalAcdol
PRAISE Dir. Evelyn C. Remo Dir. Jessie Pido, Mr. Paul Philip Tolentino, Ms. Mary Jane Bana, Mr. Alexander B. Amantillo Jr.
Disaster Risk Reduction and Management Mr. Jogin Autajay Dir. Teodoro Ballarta, Dir. Bernard Ben Ballenas, Mr. Nestor Blancia, CATV Staff & Guard
OTHER ACCOMPLISHMENTS 1. Barbaza Multi-Purpose Cooperative has been conferred the following awards: . Most Outstanding Primary Cooperative, (Large Scale Category) Gawad Parangal 2016 . Special Citation: Excellence in Providing Financial Products and Services To Members 2. Awarded for the distribution of CCT of 4Ps in the provinces of Panay. 3. The Farmer’s Association has organized Farmers Group in diff erent branches. 4. Sustained Farmers’ Scholars namely: Ana Marie Tumaob –Grade 7 Herme Rose delos Santos – Grade 8 Charry Mae Arnaiz – Grade 9 John Mart Espartero, Elysa Baño, Ana Rose Laurencio - Grade 10 5. The Board in-charge of delinquency have imposed certain actions to focus on delinquent loaners subject for mediation conference to give them a chance to settle their obligation. There were small claim cases have been fi led in court, of which, some were subject for garnishment of their ATM cards. We have undertaken appropriate legal action through our Legal Advisor Atty. Rolly Pedrina regarding the implementation of foreclosure of matured collateralized loans. 6. Barbaza MPC Youth group KaBarKo conducted tree planting activities and Summer Youth Camp at Brgy. Esparar, Barbaza, Antique. 7. Spearheaded Saturday Sumba Exercise in partnership with Barbaza Municipal Police of which proceeds were givenin a form of school supplies and feeding program to 30 children of Brgy. Soligao, Barbaza, Antique. 8. The GAD Committee adopted Brgy. Naba Livelihood SKA by providing livelihood trainings. 9. Successfully conducted the “Kasalan sa Kooperatiba” where 22 unwed couples were its benefi ciaries. 10. Approved the operation of Coop Drug Store with the business name “ Barbaza Coop Pharmacy”. 11. Approved the Dividend Rates of the following: a. Credit Division Interest on Capital - 10% Patronage Refund - 4% b. Cable Division Interest on Capital - 10.0% Patronage Refund - 10.0%
As we celebrate victory, much still needs to be done in the years to come. Let us join hands together in cheers to a bright cooperative community! Congratulations fellow cooperators!
To God be the glory!
CORAZON C. TINGSON Chairperson
NICOLAS M. VALENTIN TEODORO BALLARTA BERNARD BEN BALLENAS Vice Chairperson Director Director
EVELYN C. REMO FELIZA B. NECESARIO JESSIE PIDO Director Director Director
2016 ANNUAL REPORT [25] NATCCO NETWORK 2016 BOD RESOLUTIONS A. Resolutions Concerning Good Governance Res. Number Title 01-16-07, S. 2016 RESOLVED, to approve the January 30, 2016 COOP Show of Force in Iloilo Convention Center with 200 delegates. 02-11-09, S. 2016 RESOLVED, to approve the staff regularization status 1. De Juan, Liza Loan Account Specialist-Kalibo, 2. Sacramento, Hazel Loan Account Specialist-Kalibo, 3. Sheila Bas Local Production Staff eff ective February 1, 2016 as recommended and as interviewed by the body. 02-11-11, S. 2016 RESOLVED, to consider the 2016 Annual Plan and Budget as corrected. 02-11-15, S. 2016 RESOLVED, to send participants to GERC 2nd GAD Summit in Baguio on March 29-31, 2016 - Corazon Tingson & one to accompany. 02-11-16, S. 2016 RESOLVED, to send participants to VICTO ARAM in Iloilo City - Bernard Ben Ballenas & one to accompany. 02-11-18, S. 2016 RESOLVED, to authorize General Manager and CEO Felimon Espares to represent the cooperative in the bidding to be conducted by Land Bank of the Philippines (LBP) for CCT. 04-03-19, S. 2016 RESOLVED, to designate authorized staff to submit and access with Credit Information Corporation (10 persons – 9 Branch Managers & Buena Jean Vecina of H.O) and AlexanderAmantillo Jr. as authorized Representative to sign the Submitting Entity Information to CIC. 04-03-20, S. 2016 RESOLVED, to confi rm the appointment of appointed Committees, Treasurer and Secretary . 04-03-21, S. 2016 RESOLVED, to approve the organization of BOD Portfolio holders. 04-03-22, S. 2016 RESOLVED, to approve the other Standing Committees and its members. 04-03-24, S. 2016 RESOLVED, to participate in the distribution of CCT for 4Ps in the provinces of Panay with CEO Espares as authorized representative. 04-03-29, S. 2016 RESOLVED, to approve the names of participants and voting delegate/s to attend to Assemblies of Apex Organization & other meetings. 04-03-30, S. 2016 RESOLVED, to send 4 staff and Chairperson Corazon Tingson to attend Cable TV Convention in Manila. 04-03-32, S. 2016 RESOLVED, to approve the time frame for those members with 50K above FD. Dividend of those who have not signed until April 15 will be credited to their FD and they can claim their whole dividend until June 30, 2016 only. Branch Managers must inform all the members concerned. 04-24-34, S. 2016 RESOLVED, to approve the Coordinators’ Trainers Training with the presented proposal including budget subject to review by the management. 04-24-36, S. 2016 RESOLVED, to approve the Pensioner’s Program to take eff ect May 1, 2016 as approved by the Representative Assembly . 04-24-40, S. 2016 RESOLVED, to approve the composition of the 3-Man Committee to craft the BMPC Presentation (J. Pido, E. Remo and N. Valentin). 04-24-41, S. 2016 RESOLVED, to approve the BMPC representation of Director Evelyn Remo to the NATCCO Board (Continuation of the one (1) year remaining term of BMPC). 05-15-42, S. 2016 RESOLVED, to authorize membership with Network Consolidated Coop Bank (NCCB) and designating Chairperson Corazon Tingson as offi cial signatory to sign subscription agreement/contract. 05-15-45, S. 2016 RESOLVED, to approve the Position Allowance of Branch Managers eff ective May 2016 with the presented scheme. 05-15-49, S. 2016 RESOLVED, to approve the attendance to Communic Asia and 27th International Communications and Information Technology exhibits and conference in Singapore on May 31 to June 3, 2016 – Transpo and lodging to be shouldered by BT communication – Fiber Optic supplier, allowance by the coop. 05-15-50, S. 2016 RESOLVED, to approve the attendance to ACCESS/NATCCO for Korea Financial Literacy – May 22 & 29, 2016. 05-15-51, S. 2016 RESOLVED, to approve the attendance to NCCB 2nd AGA at Quezon City on June 11, 2016 with CEO Felimon Espares as voting delegate and signifying support in case be voted upon. 05-15-53, S. 2016 RESOLVED, to designate Dr. Ponciana Vegafria as Ethics Committee Member to AFCCUI . 05-15-54, S. 2016 RESOLVED, to approve a resolution (BMPC) accepting its responsibility and liability as guardian of BNHS Laboratory Cooperative . 05-15-58, S. 2016 RESOLVED, to re-apply for Accreditation with Social Security System (SSS) as Partner Agent (PA) for Collecting Agents or Non-Collecting Agents and authorizing Chairperson, Mrs. Corazon C. Tingson and/or General Manager and CEO, Mr. Felimon M. Espares to sign in the Memorandum of Agreement (MOA) or any other related documents. 06-19-60, S. 2016 RESOLVED, to send participants to ACCU Forum in South Korea, September 8-10, 2016. Registration is U$800.00 (Board & Lodging). Only 2 slots is allocated for Barbaza MPC. 06-19-63, S. 2016 RESOLVED, to authorize BOD Chairperson Corazon Tingson and General Manager Felimon Espares as offi cial signatories to sign the Corporate Bond Application and Indemnity Agreement with Standard Insurance Co., Inc. and other papers pertaining to SSS. 07-10-67, S. 2016 RESOLVED, to approve the change of signatories in Progressive Rural Bank – Balasan, Iloilo. Any 2 of the
[26] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
following: Felimon Espares, Marlyn Necor, Golda Ambid and Caroline Berico. 07-10-69, S. 2016 RESOLVED, to send participants to National Cooperative Summit on October 24-26, 2016 at SMX, Mall of Asia – 10 participants (CEO, 3 BOD, 2 Committees and 4 staff ). 07-10-70, S. 2016 RESOLVED, to enroll/subscribe with Land Bank of the Philippines’ (LBP’s) internet banking facility known as “weAccess”; and to designate authorized user/s in the LANDBANK weAccess: CEO Felimon Espares, Treasurer Marlyn Necor, Accountant Percibal Acdol and Bookkeeper Loraine Bayola. 08-14-75, S. 2016 RESOLVED, to notarize all promissory notes of loans with P500K to 1M amount eff ective immediately. Notarial fees are at member’s cost. 08-14-77, S. 2016 RESOLVED, to enroll in CHMF Health Care Service all regular staff , guards/collectors (more than a year), BOD and committees. Coordinators (more than a year) on 50-50 sharing if willing and qualifi ed. Age bracket: 18-65 Y/O – 3,600, 66-70 Y/O times two of the premium and 71-75 Y/O times 3 of the premium. Premiums will be paid by the cooperative, those who have used/insuffi cient medical allowances will be deducted from salary or allowances. Offi cers’ medical allowances will be increased from 2,500 to 3,420.00. 08-14-80, S. 2016 RESOLVED, to approve the Point Reward System eff ective September 2016. 08-14-82, S. 2016 RESOLVED, to confi rm the staff transfer eff ective August 20, 2016. 08-14-83, S. 2016 RESOLVED, to approve the Amended Staff Transfer Allowance eff ective August 2016. 08-14-84, S. 2016 RESOLVED, to approve the Coop Staff Uniform – Female: Gray with white combination, Male: White short sleeves with gray combination (Male fi eld staff : shirt jack style of same combination). 08-14-87, S. 2016 RESOLVED, to seek accreditation as People’s Organization with LGU Legislative body for all coop branches. 09-17-88, S. 2016 RESOLVED, to send Amantillo, Alexander, HRDO to LSE (Leadership and Social Enterprise) Program Road show/launching at the same time to introduce the Cooperative, undertake onsite marketing, membership enrollment in Hongkong and Macau – September 25-27, 2016 in relation to OF program. 09-17-89, S. 2016 RESOLVED, to designate Ma. Wilnah Gindap, MEDCON Chairperson as BMPC representative to MEDCON Fonus Antique. 09-17-92, S. 2016 RESOLVED, to approve the increase in ceiling of Bonus Loan as presented. 10-15-97, S. 2016 RESOLVED, to send offi cers to attend the AFCCUI 3rd Offi cers Summit in Lamac MPC, Cebu on November 11-13, 2016. 12-18-106, S. 2016 RESOLVED, to approve the burial assistance of former and present staff , offi cers and coordinators as presented. 12-18-107, S. 2016 RESOLVED, to approve the matrimony benefi ts of incumbent Offi cers and Staff – P5,000 each person (legally wedded) retroactive February 16, 2014. 12-18-119, S. 2016 RESOLVED, to approve in principle the opening of the 10th Branch in Sigma, Capiz to purchase a lot and building for offi ce use.
B. Resolutions on Investments and Resource Generation 01-16-01, S. 2016 RESOLVED, to approve the Management Tool Adjustment of Delinquent Accounts (Maturity) of over 1 year: Loan Receivables – 11,996,521.14 and Income of 1,695,216.83 against Share Capital – 4,992,330.10, Savings Deposit – 2,020,628.15 and ADA – 6,678,779.72 . 01-16-02, S. 2016 RESOLVED, to approve the Party List Campaign Fund of 1.5M taken from due to CETF or Revolving Fund (80% of the fund will be utilized for coop use and 20% for sharing – 4% Provincial, 4% Regional, 4% Visayas wide and 4% for Congressman Paez as Senatorial Candidate. 01-16-03, S. 2016 RESOLVED, to approve the Agent’s Commission under Coop Assurance Center with CLIMBS - 65% share of commissions being provided by CLIMBS on all products. Offi cers, coordinators, collectors, guards, staff and accredited members are considered agents. Commissions are subject to 10% Tax. 01-16-04, S. 2016 RESOLVED, to confi rm payment of Tax Defi ciency (Withholding Tax on Compensation & Expanded) for Year 2012 and 2013. 01-16-05, S. 2016 RESOLVED, to approve the CATV free installation in Sibalom, San Jose and Hamtic area with presented scheme. Eff ective January 18, 2016. 01-16-06, S. 2016 RESOLVED, to approve the Marketing, Collection & Incentives Scheme as presented. 02-11-10, S. 2016 RESOLVED, to approve the 2015 FS and rate of Dividends. 02-11-12, S. 2016 RESOLVED, to approve the New Service Fee Rate and Projections . 02-11-13, S. 2016 RESOLVED, to approve the increase from 500K to 1M of Collateralized Loan/RL eff ective March 1, 2016. 02-11-14, S. 2016 RESOLVED, to approve the P150,000 budget as proposed for Kasalan sa Coop and Gugma sa Coop. 04-03-23, S. 2016 RESOLVED, to purchase motorcycle for Molo Branch use – Honda XRM125 DS amounting to P62,500. 04-03-25, S. 2016 RESOLVED, to approve the hiring of External Auditor – M. L. Aguirre with professional fee of P185,000_price still for negotiation. To include out of pocket expenses not to exceed limit c/o CEO Espares. 04-03-26, S. 2016 RESOLVED, to approve the Deposit/Investment Products & Guidelines for Overseas Filipino & OF families. 04-03-27, S. 2016 RESOLVED, to approve the Staff /Guard Salary Increase of One Step Increment (excluding gas station personnel) – Across the Board eff ective January 2016 . 04-03-28, S. 2016 RESOLVED, to approve the new schedule of Reimbursable Expenses eff ective April 2016 . 04-24-33, S. 2016 RESOLVED, to approve the loan application of Mrs. Fatima Victoria M. Tamba of Ilauod, Bugasong, Antique in the amount of One Million Pesos (P1,000,000) for 48 months term.
2016 ANNUAL REPORT [27] NATCCO NETWORK
04-24-37, S. 2016 RESOLVED, to approve the Coop New Buying Price of Share Capital to take eff ect May 1, 2016 as approved by Representative Assembly. 04-24-38, S. 2016 RESOLVED, to approve the hiring of maximum of 3 contractual staff to be assigned or substitute for vacant position for CCT Transaction in the Provinces of Iloilo and Aklan . 05-15-43, S. 2016 RESOLVED, to open a Current Account with LBP-Iloilo for depository/CCT transaction with any two signatory of the following offi cers: Chairperson Corazon Tingson, Treasurer Marlyn Necor, CEO Felimon Espares & Molo Branch Manager Michelle Magbanua. 05-15-44, S. 2016 RESOLVED, to invest or fund our General Reserve to LBP allocation for BONDs and Securities amounting to 2M for a period not to exceed 5 years with expected interest rate of 5%/annum. 05-15-46, S. 2016 RESOLVED, to approve the purchase of 2 vehicles to be assigned in Barotac and Kalibo branches – Nissan Urban (Brand new) purposely for CCT but can be used regularly by the offi ce for its transaction – source of funds is from CCT service fees. 05-15-47, S. 2016 RESOLVED, to approve the purchase of used L300 van for splicing and general trouble shooting use with budget not to exceed P500,000 of at least 2013 model. 05-15-48, S. 2016 RESOLVED, to approve the repair (General body, painting, upholstery and electrical) the 3 units L300 van vehicle used for CATV in San Jose and Barbaza (now used for construction in all areas) with a budget not to exceed P120,000 each. 05-15-55, S. 2016 RESOLVED, to approve the renewal of Short Term Loan Line (STLL) Under Step-Up Program in the amount of One Hundred Fifty Million Pesos (P150,000,000) with Land Bank of the Philippines (LBP) and authorizing General Manager & CEO Felimon Espares and Chairperson Corazon Tingson to be the authorized representatives . 05-15-56, S. 2016 RESOLVED, to renew and increase the Conditional Cash Transfer (CCT) Line with Land Bank of the Philippines (LBP) from Ninety-Two Million Pesos (P92,000,000) to Two Hundred Million Pesos (P200,000,000) for Pantawid Pamilyang Pilipino Program (4Ps) distribution and authorizing General Manager & CEO Felimon Espares to be the authorized representative to sign in the Memorandum of Agreement (MOA). 05-15-57, S. 2016 RESOLVED, to request a Term Loan-Rediscounting Line with Land Bank of the Philippines (LBP) in the amount of One Hundred Million Pesos (P100,000,000) and authorizing General Manager & CEO Felimon Espares and Chairperson Corazon Tingson to be the authorized representatives to sign in any documents, or papers as are necessary to eff ectuate the foregoing matters. 06-19-59, S. 2016 RESOLVED, to purchase brand new ATM which is EMV (Europay, Mastercard, Visa) compliant or also known as chips card or IC card before the end of 2016. Cost of ATM with NATCCO is P850,000/unit. For Barbaza MPC owned ATM (Barbaza, Culasi, Sibalom & Barotac). Also to replace our exiting ATM cards into EMV compliant card. To give lay way to the management the schedule of procurement and other terms and condition during operation of machine. 06-19-61, S. 2016 RESOLVED, to confi rm the P180,000 cost of training for organic farming of around 50 farmers and staff taken from our local CETF last June 8-10, 2016 . 06-19-62, S. 2016 RESOLVED, to approve the sale of the portion of lot acquired for Balasan offi ce in the area of 164 square meters. Director Necesario will accompany CEO Espares to the said transaction. 06-19-65, S. 2016 RESOLVED, request LBP to lower STLL interest rate from 6% to 4% per annum. 07-10-66, S. 2016 RESOLVED, to accept and confi rm the Terms and Conditions of CCT Line with LBP amounting to 164M. 08-14-72, S. 2016 RESOLVED, to approve the loan application of Member from San Jose Branch amounting to P1,000,000 for additional business capital. 08-14-73, S. 2016 RESOLVED, to approve the loan application of Member from Sibalom Branch amounting to P722,000 for placement fee. 08-14-74, S. 2016 RESOLVED, to approve the loan application (renewal) of Member from Culasi Branch loan amounting to P700,000 subject to the submission of supporting documents with the required signature. 08-14-76, S. 2016 RESOLVED, to apply for membership with Cooperative Health Management Federation (1 Coop Health). with minimum paid up of 25,000 minimum subscription of P100,000 and to be paid in 2 years. 08-14-79, S. 2016 RESOLVED, to deduct P20 from the dividends of CATV Subscribers who failed to pay the membership fees and new subscribers who are not coop member shall be required to pay a membership fee of P20.00 upon subscription eff ective Aug. 15, 2016. 08-14-81, S. 2016 RESOLVED, to confi rm ATM cost due to additional of 2 cassettes for other denomination (Barbaza Main) from P850,000 to P950,000 including the convenience fee as proposed. 09-17-90, S. 2016 RESOLVED, to approve the loan application (renewal from P500K to 1M) of Member from Barbaza Branch for business and house renovation purposes. 10-15-93, S. 2016 RESOLVED, to approve the hiring of a part time marketing agent in all branches until December 30, 2016 with daily allowance of P200 plus incentives currently accorded (membership – 30.00/recruit, Deposit – 100.00/50,000.00 & CAC) and loan collection of 3% (delinquent loans) & 1% (current loans) based on the total amount collected eff ective October 17, 2016 . 10-15-94, S. 2016 RESOLVED, to approve the NATCCO charges for the archiving of loan data of 6 branches amounting to P125,000. 10-15-95, S. 2016 RESOLVED, to approve the ATM convenience fee for Barotac Viejo branch of P20.
[28] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
10-15-96, S. 2016 RESOLVED, to approve the increase of monthly retainer’s fee of Atty. Rolly Pedrina not to exceed the amount of P10,000 (formerly P1,000) – draft and sign all demand letters (usual demand & blocked ATM) including request for bank certifi cations of the status of ATM card duly assigned to BMPC. 11-20-99, S. 2016 RESOLVED, to confi rm the terms and conditions of the approved Term Loan Line with LBP amounting to One Hundred Million Pesos only. 11-20-100, S. 2016 RESOLVED, to approve the Reimbursable meal allowance of staff while in the Branch offi ce especially during reliever or any work assignment outside their station_P100/meal. Eff ective November 21, 2016. 11-20-101, S. 2016 RESOLVED, to join the NATCCO Stabilization Fund and authorizing Chairperson Corazon Tingson to sign in the Stabilization Fund System Agreement. 11-20-102, S. 2016 RESOLVED, to approve the opening of LBP Savings accounts for CCT service fee proceeds. 11-20-103, S. 2016 RESOLVED, to approve the Hazard pay of persons involved during CCT Pay-outs. 11-20-105, S. 2016 RESOLVED, to renew the resolution authorizing, Golda A. Ambid, Branch Manager Barbaza Multi-Purpose Cooperative (BMPC) Balasan Branch to represent the cooperative in the bidding to be conducted by Jesus Colmenares District Hospital on the Fuel Bidding. 12-18-108, S. 2016 RESOLVED, to approve the printing of offi ce calendar 12,000 [email protected] = P126,000. 12-18-109, S. 2016 RESOLVED, to approve the policy on Branch limit of a). Cash in Vault – 3.0 Million; b) ATM vault – 2.0 Million and c). COCI – 500K d). HO – 2.0 Million. Insurance coverage for cash within the premises and on transit – 6.0 Million each . 12-18-110, S. 2016 RESOLVED, to retire several assets with no more book value but no longer in use (as presented). 12-18-111, S. 2016 RESOLVED, to approve the Salary Loan increase in ceiling up to P300,000 with term up to 5 years and other requirements as presented. 12-18-112, S. 2016 RESOLVED, to approve the Pension Loan increase in ceiling up to P100,000 with monthly pension of not less than P15,000 and term not to exceed 24 months. 12-18-113, S. 2016 RESOLVED, to approve the Bonus Loan for Pensioners – 80% of monthly pension with term of 6 months and below and 70% with term not to exceed 12 months. 12-18-114, S. 2016 RESOLVED, to approve the CATV promo as presented eff ective December 20, 2016 to January 31, 2017. 12-18-115, S. 2016 RESOLVED, to approve the Year-end bonuses, Christmas gift and 14th month (same last year) of staff , offi cers, guards and coordinators. To be uploaded on December 20, 2016 . 12-18-116, S. 2016 RESOLVED, to adjust or off set CATV security and investment against unpaid subscription, cable wire and surcharges. 12-18-117, S. 2016 RESOLVED, to approve the annual assessment, planning and Christmas party in San Jose (Merrace Resort) having a budget of P 230,000.00 . 12-18-118, S. 2016 RESOLVED, to engage Mr. Antonio Espanola as labor contractor for the improvement of Sibalom Branch Pharmacy store taking 40% from the total material cost as his labor contract . 12-18-120, S. 2016 RESOLVED, to approve the procurement of Lot with area of 570 SQM near the Municipal hall (inner location) with two storey building for auction with RCBC P10,000,000 for Barotac Branch Offi ce subject for ocular inspection by any two (2) Board Members preferably Chairperson Tingson and Director Necesario.
C. Resolutions Concerning Social Responsibility, Community Development 07-10-68, S. 2016 RESOLVED, to approve the Additional High School Scholars: Tuma-ob, Ana Marie, Delos Santos, Hermerose, Arnaiz, Charry Mae, Brenio, Rowel, Bague, Mark Ollie Jesus, Villasor, Aleah, Sapitanan, Jeimailie, Elido, Jessica Jen, Dela Torre, Jhon Clarence, Solis, Densy Ann, Gonzales, Anna Jane, Ayson, Colline. 08-14-78, S. 2016 RESOLVED, to provide hospitalization support of previously confi ned staff : Golda Ambid – P 10,000 and Edwin Bautista - P 30,000 (due to several session of cancer therapy).
D. Other Recommendations 01-16-08, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 9 members amounting to P115,242.75 02-11-17, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 14 members amounting to P117,163.15 04-03-31, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 28 members amounting to P660,042.97 04-24-39, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 5 members amounting to P25,110.83 05-15-52, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 39 members amounting to P393,386.56 06-19-64, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 11 members amounting to P135,427.62 07-10-71, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 16 members amounting to P167,665.68 08-14-85, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 30 members amounting to P577,452.41 09-17-91, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 17 members amounting to P185,783.61 10-15-98, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 13 members amounting to P128,780.92 11-15-104, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 15 members amounting to P142,628.27 12-18-121, S. 2016 RESOLVED, to confi rm the sale and transfer of shares of 13 members amounting to P216,787.67
2016 ANNUAL REPORT [29] NATCCO NETWORK AUDIT COMMITTEE REPORT
Congratulations BMPC for another commendable year of successful operation and for being a multi- awarded Cooperative in the country. The same recognition goes to the CEO, BOD, Offi cers, Staff , members and community who did excellent contribution for its success.
The Audit committee has a primary responsibility to perform internal audit function, maintains complete records for its examinations and may recommend external auditor. It is also responsible in reviewing policies; submit audit reports (fi ndings and recommendations) to the Board of Directors every monthly meeting.
The committee had twelve regular meetings conducted in a year which is scheduled every fi rst Friday of the month. We also attended twelve regular BOD meetings in a year.
JACOBINA R. ALABADO The committee also visited diff erent branches and checked cash disbursement vouchers (CDV), deposit Chairman slips, withdrawal slips, petty cash, cash advances, cash position report, WESU transactions, collectibles, attendance/punctuality of employees, DOSRI accounts, and cash counting. Concerns’ and feedbacks from members are properly relayed to the Board of Director’s and management for appropriate actions.
For the calendar year 2016 the Committee have come up with the fi ndings and recommendations, some of which are the following:
FINDINGS RECOMMENDATIONS 1. Staff and employees were not wearing the same All personnel should wear the same color uniform color of uniform daily in all branches. for identity. NESTOR BLANCIA Vice Chairman 2. Some member borrowers were observed Tellers should see to it that member-borrowers that they were not able to fi ll up properly the should properly fi lled up the documents before withdrawal slips, deposit slips and other loan releasing and receiving. supporting documents 3. Cash book were not maintained in some Branch managers should always maintain the cash branches. book to see to it that cash balances are properly recorded and reconciled at the end of the day.
4. CDV, O.R., Withdrawal slips & Deposits slips All fi nancial documents should be signed by the were not signed and fi led properly. person-in –charge and fi lled systematically at the end of the month. MEME B. MADEJA Secretary 5. Some branches were not given attention as Continue the monthly reward-system or offi ce regards to the physical arrangements of the offi ce. evaluation of all branches so as to maintain orderly offi ce arrangements. 6. Employees were not known to the members Employees should wear nametags for proper identifi cation 7. Members’ borrower who availed of productive Provide Technical Assistance to members who loan were not provided with Technical Assistance availed productive loans and assist them in the which sometimes resulted to delinquency. marketing of their products. We also participated in various trainings and seminars and other cooperative aff airs to comply with the required trainings, deepen our knowledge and to sustain our partnership with our cooperatives. Some of which are the following:
• Compliance Seminar on Credit Management at BMPC Conference Hall on March 22,2016 • NATCCO Leader’s Congress & Assembly in Tagbilaran, Bohol on April 15-17, 2016 • VICTO National Convention on May 21-22, 2016 at Paradise Hotel, Boracay. • Ownership meetings and District Assemblies in the branches of Sibalom, Culasi and Barbaza • Coop Month Celebration in Belison, Antique. • 13th Coop Summit in SMX Convention Center in Mall of Asia, Pasay City on October 24-26, 2016 • Offi cer’s summit in Cebu on November 11-13, 2016
Congratulations to all members of Barbaza Multi-Purpose Cooperative on its 6th Representative Assembly. [30] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE ELECTION COMMITTEE REPORT
The Election Committee congratulates the Barbaza Multi-Purpose Cooperative for its another year of success.
We would like to express our heartfelt gratitude in giving us the chance to serve you in any way we can for the year 2016. This year we focused on achieving our cooperative’s goal particularly on membership recruitment, deposit campaign, collection eff orts and participate actively on all cooperative aff airs, of which some are the following:
• District Assembly in Barbaza, Kalibo, Caticlan, Sibalom, Barotac Viejo • MES in the branches of Barbaza Caticlan, Kalibo, San Jose, Antique • Training on Financial Management at Iloilo Grand Hotel, Iloilo City. • Provincial Coop Month Celebration in Belison, Antique • Credit Management Training in Iloilo City ARTHUR M. ESPARES • 3rd Offi cer’s Summit at Lamac, Cebu City Chairman
But most of all, we are proud and delighted to report our 2016 accomplishments in the execution of our functions, to wit:
I. Facilitated the 2016 election The result of the Election during the 5th Annual Representative Assembly:
Number of Ballots used: 342 Number of Valid Votes: 342 Number of Void Votes: 0 CHARLYN MAE L. ESPANOLA Board of Directors: Number of Votes Term of Offi ce Vice Chairman 1. Remo, Evelyn C. 304 2 years Elected 2. Tingson, Corazon C. 301 2 years Elected 3. Valentin, Nicolas M. 273 2 years Elected 4. Maghari, Raul 92 - - Audit Committee 1. Alabado, Jacobina 299 2 years Elected 2. Madeja, Meme 181 2 years Elected 3. Inson, Heriberta 178 - -
Election Committee MARY ROSE E. GRAJO 1. Espares, Arthur 298 2 years Elected Secretary 2. Grajo, Mary Rose 195 2 years Elected 3. Maghari, Oscar 178
II. Verifi ed the lists of MIGS and Segmentized members. III. Verify lists of Segmentized Representatives qualifi ed to run for an elective position IV. Finalized the election timeline V. Reviewed of Election Code and Guidelines VI. Recommended necessary amendments to the election rules and guidelines in consultation with the Board of Directors for Representative Assembly’s approval
Rest assured that we will continue to fulfi ll our duties with utmost commitment and sincerity and pray that in our eff orts, may we inspire more members to join and serve our cooperative. Thank you so much.
2016 ANNUAL REPORT [31] NATCCO NETWORK
EDUCATION COMMITTEE REPORT
The Barbaza MPC had accomplished another year of unpredictable change including multiple successes. The education committee would want to convey its warmest congratulations to the Board of Directors and Committee Offi cers for their tireless eff orts and contributions.
To the management and staff who continuously work hard not only in the achievement of the Cooperative’s goals fi nancially and quantitatively but also demonstrated operational versatility to improve our strategic directions and adapt to the constantly shifting industry environment.
The following data presents the accomplishment of the Education Committee:
DIR. NICOLAS M. I. PMES (Pre-Membership Education Seminar) VALENTIN Each branch has its own fi xed schedule for the conduct of PMES. Special PMES is being conducted Chairman when there is a need out from their regular schedule. For the year 2016, all branches have conducted 408 regular PMES and 38 special PMES.
Meetings Barbaza Culasi Sibalom San Jose Balasan Btc. Viejo Caticlan Molo Kalibo
PMES - Regular 24 48 48 48 48 48 48 48 48 PMES - Special 12 3 8 8 3 4
II. Assembly Meetings MARIVIC ESPARES Aside from the idea that assembly meetings has a legal requirement, the offi cial purpose of assembly Secretary meetings is to make members aware of the status of the cooperative, chance to review the programs and the business of the cooperative, and to plan future activities.
Meetings Barbaza Culasi Sibalom San Jose Balasan Barotac Viejo Caticlan Molo Kalibo District Assembly 7 4 6 7 4 3 2 2 2 Ownership Meeting 14 8 12 14 8 6 4 4 4 MES 14 8 12 14 8 6 4 4 4
III. Area Coordinators Area Coordinators are members of the Education Committee who are selected from among the members being capacitated to conduct and implement educational programs to keep members, offi cers, staff well- informed regarding cooperative’s goals/objectives, policies, service, etc. They play a major role during coop activities and among which they have participated are the following:
1. Membership Education Seminars 2. District Assemblies 3. Ownership Meetings 4. Cooperative Month Celebration 2016 5. Training of Trainers 6. Year End Assessment Planning
The Education Committee, especially the coordinators all throughout the branches, is indeed happy with the opportunity to try new things. We will continue to contribute all of our experiences, knowledge and eff orts, to collectively overcome the obstacles that stood before us and join hand-in-hand to make Barbaza MPC a cooperative that we all take pride in.
As we stand at the start of 2017, the education committee is fearless about the challenges that lay ahead. Let us continue to stand strong, determined and ready to respond with conviction.
CONGRATULATIONS BMPC on the celebration of the 6th Representative Assembly. Long Live!
[32] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Trainings and Seminars Attended
Date Participants Event Venue Facilitator January 16- Alexander Amantillo, HR Diagnostic Barbaza MPC National Confederation 20, 2016 Patrick Quidor Main Offi ce, Cubay of Cooperatives Barbaza Antique February 12, Mr. Felimon Espares, Project Launching: The Bayview Park Hotel National Confederation 2016 Nicolas Valentin Regional Programme Manila of Cooperatives on Remittances and Diaspora Investment for Rural Development March 13, Felimon Espares, Leonil Diaspora Investment Big Hotel Cebu City National Confederation 2016 Alabado, Michelle for Rural Development of Cooperatives Magbanua, Donna - NATCCO & Access Rose Anzon, Cheryl Advisory Project Marie Hernaez, Hazel Sacramento March 6, 2016 Felimon Espares, Evelyn OFW Portal for Hongkong National Confederation Remo Investment in Coops of Cooperatives to Develop the Local Economy, A Joint Program by the LSE Migration and Development Consortium with NATCCO” March Mary Rose Grajo, Compliance Seminar on Highway 21 General National Confederation 22,2016 Charlyn Mae Espanola, Credit Management Luna St., Iloilo City of Cooperatives Jacobina Alabado, Meme Madeja, Arthur Espares, Feliza Necesario, Bernard Ben Ballenas, Nicolas Valentin, Evelyn Remo, Corazon Tingson Corazon Tingson, Feliza 2nd National Summit Crown Legacy Hotel, Department of Agrarian March 29-31, Necesario, Jessica on Gender and Baguio City Reform, VICTO 2016 Arguelles Development in National, Philippine Cooperatives Commission on Women April 3, 2016 All Offi cers and Risk Reduction Barbaza MPC AFFCUI/ Daniel Managers Management Training Main Offi ce, Cubay Vestacho Barbaza Antique May 15, 2016 All Coordinators Trainer’s Training The Venue, San Jose Antique Federation of Antique Cooperative Union Inc. June 8 - 10, Selected Farmer Natural Farming System Dreamer’s Dreamer’s Valley 2016 Members Training Valley,Tigbauan June 13-16, Percibal Acdol, Wilmar Seminar/Orientation Iloilo Cooperative 2016 Samsona on Philippine Financial Crown Regency Development Authority Reporting Framework Residences, V. Rama and Consultation on Avenue, Guadalupe the Revised Chart of Cebu City Accounts June 22-24, Felimon Espares, Human Resource and Hotel Kimberly, National Confederation 2016 Edwin Sanchez, Managers Forum Tagaytay of Cooperatives Patrick Quidor July 5, 2016 Patrick Quidor LBP We Access Land Bank of the Land Bank of the Orientation Philippines San Jose Philippines Antique
2016 ANNUAL REPORT [33] NATCCO NETWORK July 14 - 15, Corazon Tingson, Training on Integrating Villar Sipag Villar Sipag 2016 Alexander Amantillo Jr., Poverty measures in Foundation Maureen Villavert the Performance of Community Enterprise July 19 - 23, Corazon Tingson, Leonil Financial Education on Big Hotel Cebu City National 2016 Alabado, Donna Rose Regional Programme Confederation of Anzon, Ryan Janaysay, on Remittances and Cooperatives Hazel Sacramento, Diaspora Investment for Maureen Villavert, Cheryl Rural Development Hernaez August 6, Feliza Necesario First Regional Affi liate Grand Tower VICTO National 2016 Meeting Hotel,Iloilo City August 27, Selected Staff Coop Assurance Center Blue Lagoon, CLIMBS 2016 Business Planning Mararison Island Culasi Antique September 3, Corazon Tingson, Nicolas Ownership Meeting - The Venue, San Jose Antique Federation 2016 Valentin, Felimon Antique Federation of Antique of Cooperative Union Espares Cooperative Union Inc. Inc. September 6, Michelle Magbanua One Coop Health Iloilo Grand Hotel, One Coop Health 2016 Investment Forum Iloilo City September Corazon Tingson, 2016 ACCU Forum South Korea National 9-11, 2016 Felimon Espares Confederation of Cooperatives September 23- Alexander Amantillo Jr LSE Roadshow Hongkong National 26, 2016 Confederation of Cooperatives October 7-8, Jessie Pido, Rex Luena, Training on Financial Iloilo Grand Hotel, Western Visayas 2016 Arthur Espares, Mary Management Iloilo City Alliance Of Rose Grajo, Teresa Cooperative Maghari, Ponciana Vegafria, Angelita Ragodo, Lydia Coronica October 9 - 19, Erwin Bana Accountancy Profession: PICPA Bldg., 700 Philippine Institute 2016 Cases and Applications, Shaw Boulevard, of Certifi ed Public Best Tax Practice of Mandaluyong City Accountant Tax Practitioners or Tax Agents, Take Charge of Your Future: Making You Financially Capable, Corporate Governance and Ethical Dilemmas, Mastering Withholding Taxes, Full IFRS/PFRS, Cooperative Accrditation of External Auditors, SEC and BOA Updates October 24 - Felimon Espares, Philippine Coop: SMX Convention Cooperative 26, 2016 Corazon Tingson, Nicolas Exceeding the Limits; Center, Seashell Development Valentin, Bernard Ben Sustaining Excellence Lane, SM Mall Of Authority Ballenas, Cyrel Eve Asia Complex, Pasay Espares, Meme Madeja, City Ma. Gerrose Virayo, Mary Dayne Cadawas, Liezl Marianne Orquia, Peter Zaldivar October 30, Mary Rose Grajo, Arthur Fundamentals of The Venue, San Jose Antique Federation 2016 Espares, Rex Luena, Cooperatives Antique of Cooperative Union Nestor Blancia, Charlyn Inc. Mae Espanola Novermber 22, Alexander Amantillo Jr Seminar on Iloilo City Department of Labor 2016 Contractualization and Employment Novermber 25, Guisel Martinez Ownership Forum - Smallville Complex, Cooperative 2016 Cooperative Insurance Diversion Road, Insurance System of System of the Philippines Mandurriao, Iloilo City the Philippines
[34] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE COOP Activities Participated
Date Participants Event Venue Facilitator February 15, 22 Unwed Members Kasalang Bayan Sa Barbaza MPC Main Gender and 2016 Kooperatiba Offi ce Development March 12 - 13, District Representatives, 5th Representative Sarabia Manor Hotel, BMPC Management 2016 Offi cers, and Sected Staff Assembly Iloilo City April 2, 2016 BMPC New Offi cer’s and Offi cer’s Induction Gems Resort, Tibiao BMPC Management Staff Program Antique April 15, 2016 Selected Offi cers and NATCCO General Hennan Resort, National Confederation Staff Assembly Panglao, Bohol of Cooperatives April 23, 2016 Selected Offi cers and 48th AFFCUI General The Venue AFFCUI Staff Assembly April 29, 2016 Arthur Espares, Ma. CLIMBS General Radisson Blu, Cebu CLIMBS Cheryl Gerona, Teresa Assembly City Maghari May 6, 2016 Barbaza National HS Seminar on Laboratory Barbaza MPC BMPC Management Students Cooperative Main Offi ce, Cubay Barbaza Antique May 6 - 8, 2016 Angelita Ragodo, Mary Philippine Central Fund Jpark Island Resort PCF Jane Bana 18th General Assembly May 14 - 16, All Kabarko Membes KABARKO Summer Esparar Elementary KABARKO 2016 Youth Camp School May 18 - 20, Ofi cer and Selective Staff 5th Western Visayas Provincial Capitol RCDC 2016 Regional Cooperative Gymnasium, San Development Council Miguel, Jordan Summit Guimaras May 21 - 22, Ofi cer and Selective Staff 46th VICTO National Paradise Garden VICTO National 2016 General Assembly and Resort and Convention Convention Center , Boracay Island, Malay Aklan May 22, 2016 Michelle Magbanua and Endowment Savings Malaysia National Confederation Corazon Tingson Program for OFW’s of Cooperatives Project Launching September 13, All Main and Head Offi ce Fire Orientation and Use Barbaza MPC Main Bereau of Fire 2016 Staff of Extinguiser Offi ce Conference Hall September 22, Selected Offi cers and CDA Assessment Barbaza MPC Main CDA Validating Team 2016 Staff Offi ce Conference Hall October 7, 2016 Felimon Espares, Regional Cooperative Sarabia Manor Iloilo National Confederation Alexander Amantillo Jr. Summit with City of Cooperatives Shiela Bas Government Agencies October 22, All Offi cers, Staff and COOP Month Belison Antique Provincial Cooperative 2016 Coordinators Celebration Development Council November 11- Ofi cer and Selective Staff 3rd Offi cers Summit Lamac Multi - AFFCUI 13, 2016 Purpose Cooperative November 22, Patrick Quidor Special Program for the San Jose Antique Department of Labor 2016 Employment of Student and Employment Pledging Session November 26, Evelyn Remo NATCCO Ownership Iloilo City National Confederation 2016 Meeting of Cooperatives December 23, All Offi cers, and Staff Year End Assessment The Merrace Resort BMPC Management 2016 and Planning San Jose Antique
2016 ANNUAL REPORT [35] NATCCO NETWORK CREDIT COMMITTEE REPORT
Barbaza Multi-Purpose Cooperative two years after its 50th year has extended greater opportunities more of productive loans, entrepreneur enterprise and farmer’s development, opportunities to achieve higher education, thus reduce poverty and hunger in Antique and the Island of Panay.
The Credit Committee appreciates the opportunity to serve the clients on loan evaluation and approvals of large scale loans, also the opportunity to attend seminars and trainings at the same time to participate in all coop activities as needed.
The total loan released amounted to Php1, 664,996,082.00. The most availed loans were MILAGROS Y. GARION Salary Loan, Regular Loan, and Instant Loan. Loan as to purpose were Education Loans, Chairman Trading Services Loans and Agricultural Loans. The number of members served in 2016 reached 38,039 (male 15,520 and female 22,519.)
The credit committee is happy for the BMPC’s response to approve and rehabilitate the dormant COLISAP members and look after the upgrading of our LEMOS program.
BMPC has been unique, not only on contributing to employment generation and economic development but on being the most trusted Coop to become a billionaire coop.
TERESA P. MAGHARI Vice Chairman Long live and congratulations to all the members, management and offi cers for the amazing performance.
May the Lord God bless us. MABUHAY!
CYREL EVE F. ESPARES Secretary
[36] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE MEDIATION AND CONCILIATION REPORT
The committee, one in Vision and Mission of the Barbaza MPC in the attainment of its goals continue to oversee that any possible confl icts and diff erences in the organization is settled through mediation and conciliation.
It is our joy to serve Barbaza Multi-Purpose Cooperative as members of the Mediation and Conciliation committee. We would like to express our gratitude to the CEO, Mr. Felimon M. Espares, the BOD headed by Mrs. Corazon Tingson, the diff erent committees and most of all the staff who really worked hard for the cooperative’s goal of implementing reforms to the lives of its members and the community as a whole. We would also like to acknowledge the support and cooperation of the members for us to carry out religiously our tasks.
During our monthly meetings, we discuss issues within the scope of our function of which delinquency was given utmost attention. We reached out to every branch of the schedule of mediation conferences with MA. WILNAH L. GINDAP some delinquent members. This is an opportunity for both parties to be heard to arrive to an agreement Chairman of which both benefi t. We are also being updated of the continuous follow up of what has been agreed especially the collection of payments from the members who have executed a compromise agreement. Here are the schedules of our mediation conferences:
Date Branch Number of Members Mediated April 21, 2016 Barbaza 14 members May 6, 2016 Culasi 21 members June 29, 2016 Barbaza 2 members July 23, 2016 Barbaza 13 members REX LUENA Aside from, we have attended various trainings and seminars for our on-going development and have Vice Chairman represented the coop in diff erent cooperative fora. To wit: 1. Compliance seminar on Risk Reduction Management Training 2. Compliance Training on Financial Management 3. Coop Month Celebration 4. Natcco General Assembly 5. 5th Western Visayas Regional Cooperative Development Council Summit 6. 46th VICTO National General Assembly and Convention 7. AFCCUI’s 3rd Offi cers Summit hosted by Lamac MPC 8. BMPC Year-End Assessment and Planning
LYDIA CORONICA The honor is ours to serve you and rest assured that the care of our coop and the benefi ts of our Secretary membership are always considered a priority.
Mabuhay!
2016 ANNUAL REPORT [37] NATCCO NETWORK
ETHICS COMMITTEE REPORT
It is with great pride to serve you as Ethics Committee. Truly, serving our cooperative is a reward in itself. During our term, we conducted regular committee meetings which resulted to some fi ndings/ realizations and insights with recommendations, to wit:
1. Ethics Committee function is focused on fi nding out problems that occurs regarding human behavior in the organization – whether people in the organization adhere to the observance of the Code of Ethics of the Cooperative. a. Superior – Subordinate relationships b. Employer – Employee relationships c. Frontline employee – member client relationships ERNESTO VILLARAM Chairman Recommendations Each committee member should know the Code of Ethics by heart. All employees and members should know the Code of Ethics and abide by it.
2. We have assessed the frontline employee’s behaviour and attitude towards off ering of customer service to result a good rate on customer satisfaction.
Recommendations There are instances when the frontline employees should not make decisions but instead refer to the branch manager to avoid such situation in order to diff use tension.
ANGELITA RAGODO Code of Ethics of the Cooperative should be printed in Tarpaulin and posted in conspicuous places in Vice Chairman each branch offi ce to remind every one of the proper conduct in relation to member client and vice versa.
3. Loan Turn over at the diff erent BMPC branches caused by employee dissatisfaction and other causes.
Recommendations Employee trainings of the Code of Ethics should be done so that each employee will know it and thus behave accordingly
Exit interview should be done by the branch manager or HRMDO before the employee is released in order to know the causes why the employees leave the organization.
PONCIANA VEGAFRIA Congratulations to all members of Barbaza Multi-Purpose Cooperative on its 6th Representative Secretary Assembly.
[38] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Management Report
In the year 2016, we took a greater height and we were able to sustain our growth and deliver exceptional results in both operational and fi nancial performance, thanks to the unwavering support and synergy among our cooperators.
Likewise, we also underwent reinventions in order to properly respond and be relevant to the changing needs of our coop members. Hence, such were taken as venue to recognize and appreciate our strengths as well as to identify areas which provide us the opportunity to grow and further develop.
The year 2016 have brought us another inimitable challenges which motivates us to respond productively believing that by acting responsibly, we can still achieve more and continue to prosper to attain sustainable and integral development.
For this year, we set our sail on achieving the cooperative’s strategic goals indicating positive results with the following major highlights:
1. Sustained increase in fi gures in our fi nancial aspects, membership, volume of businesses and new programs and services. 2. Successfully conducted the 4th Representative Assembly at Sarabia Manor Hotel attended by 366 representatives or 79.56% of the expected total representatives (460). 3. CEO, Felimon M. Espares, elected as National Chairperson of COOP NATCCO Partylist 4. Winning 2 seats in congress with Cong. Anthony Bravo and Cong. Sabiniano Canama as COOP NATCCO Patylist representatives to eff ort and protect the coop sector agenda. 5. Awarded by LBP and DSWD to serve 42 municipalities in 4 provinces in Panay for Conditional Cash Transfer of the 4Ps program. 6. Maintain a strong partnership with Land Bank of the Philippines. 7. Established partnership and linkages with One Coop Health. 8. Added Endowment Savings Program for Overseas Filipino (OF) and OF families in partnership with NATCCO and ACCESS Advisory. 9. Purchased two (2) brand new ATM for Barbaza and Culasi branch. 10. Awarded as Most Outstanding Primary Cooperative in Regional level and National level for Special Citation in Excellence in Providing Financial Products and Services to Members in the Gawad Parangal 2016 Large scale category by Cooperative Development Authority. 11. Hiring of additional personnel fi lling up vacant key positions which matches the multifarious program and functions of the cooperative. 12. Sustained social service and advocacy programs such as Gugma sa Kooperatiba, Adopt-A-School-Program, Coop Blood Bank, Philhealth Subsidy to indigent members and Scholarship Program. 13. Subsidized a 3-day training and seminar for fi fty (50) farmer-members on Natural Farming System. 14. Established a Memorandum of Agreement with Social Security System as an accredited partner agent in delivering SSS services to Coop members. 15. Established Memorandum of Agreement with Climbs Life and General Insurance Cooperative in the operation of Coop Assurance Center. 16. Improvement of offi ce building of Head and Main Offi ce and Sibalom Branch for the Barbaza Coop Pharmacy. 17. Expansion of CATV and Internet operation in the Municipality of Hamtic using Fiber to the Home technology, upgrading of internet services and CATV digital system.
Assets Growth and Trends Our Coop Total Assets has been consistently increasing amounted to Php 1,239,243,920 compared to Php 1,002,260,820 or an increase of 23.64% in 2015. These are attributed due to increase in membership, deposits and income coming from the concerted eff orts of all the offi cers, management and staff and the unwavering support of the members.
2016 ANNUAL REPORT [39] NATCCO NETWORK Membership Growth Our membership growth shows a steady increase year after year despite the proposed plan to open a new branch was not pursued due to change of strategy to focus on saturation in existing areas. An increase of 20.09% over the previous year with a total of 56,641 attributed by our rigid and eff ective membership recruitment campaign and promotion which refl ects the pro-active eff ort of offi cers, staff and members to encourage others to join. Further, our effi cient delivery of quality services that target to meet the needs of members has made it more attractive for new members.
Membership as of December 2016 (per branch)
Deposit Trends Savings and Time Deposits have increased by 33.05% or an amount of Php 474,549,897.00 compared to 2015 of Php 356,673,989. There is a growing awareness from our members of the advantages of depositing money in the coop. However, the Total Share Capital has increased by 24.30% or an amount of Php 322,473,113.00 over last year. Major cause of increase is the eff ect of dividend plow-back and additional investments from existing members and new subscription from the new members.
[40] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Gross Revenue vs. Net Surplus (Credit Division) The Gross Revenue for the year 2016 registered 21.10% increase over the previous year. Kalibo Branch has the highest percentage increase of 144.75% followed by San Jose Branch with 21.60%. The Net Surplus generated for the year 2016 is Php 69,068,026.81 which is 32.18% increase over 2015. Kalibo Branch having 1179.46% increased while Caticlan Branch showed a downturn in Net Surplus of -810.75%.
The graph shows our revenue generators for 2016, Head Offi ce led by 16.9%, followed by Barbaza Main Offi ce by 14%, San Jose Branch with 11.2%, Molo Branch contributed 10.24%, Balasan Branch with 9.29%, Culasi Branch contributed 8.10%, Sibalom Branch by 7.98%, Kalibo Branch with 5.05% and Caticlan Branch has 4.02%.
Gross Revenue
Gross Revenue (Credit Division per Branch) - Php 191,161,385.00
Our Gross Revenue for 2016 indicated a 21.10% increase over 2015
2016 ANNUAL REPORT [41] NATCCO NETWORK Net Surplus
Net Surplus (Credit Division per Branch) - Php 69,068,026.81
Shown below is the share of each branch to the total net surplus of the credit division.
Net Surplus per Service – Php 79,335,391 The graph shows our undivided Net Surplus amounted to Php 79,335,391 comprised of P69,068,026 from credit, P10,405,041 from Cable and Internet, P196,100 from Marketing, P124,092 from Otoshi-ami. Our Gas Station unfortunately made a downturn of P-475,876 despite of the marketing campaign for key accounts and reduction of expenses to mitigate the situation.
Credit Operation Credit is the primary service and business of our cooperative. It is imperative that it should be managed diligently applying the right attitude, skills and business standards. The Management has instituted internal control measures and rigid monitoring to ensure the quality of loan portfolio to protect our funds. For 2016, Php 1.6B has been recorded as the total loans released from nine (9) branches indicating a 13.27% increase over the previous year. Of these, 42.10% was productive Loans and the remaining 57.90% was Providential Loans.
Loan Release Trend
[42] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Loan Release per Branch
Portfolio-At-Risk The Management has been very particular in ensuring and maintaining quality loan portfolio. This is evident by appointing a Loan Portfolio Quality offi cer to closely monitor all loan release of all branches especially the problematic accounts. To amplify our eff orts on collection of delinquent accounts, the management hire additional collectors and referral to the Mediation and Conciliation Committee to arrive at compromise agreement with the delinquent borrowers. The management also entered into contract with a retainer attorney for legal assistance and actions to through court litigations and other possible means.
Delinquency by Maturity Inevitably, loan delinquency by maturity has increased by 11.92% or Php 2,916,662.31 compared to 2015. While Culasi Branch, Sibalom Branch and San Jose branch were able to reduce matured loans, increase have incurred to the rest of the branches. Some of these matured accounts were fi led in court for small claims. Certainly, our net income is aff ected as we provide for the loan loss provision, and subsequently our dividends.
2016 ANNUAL REPORT [43] NATCCO NETWORK Loan Released per Type and Purpose
BARBAZA CULASI SIBALOM SAN JOSE BALASAN MALE FEMALE MALE FEMALE MALE FEMALE MALE FEMALE MALE NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. RELEASED PER TYPE OF LOAN LR-APPLIANCE LR-BACAP 11 141,000.00 15 129,000.00 111 1,625,500.00 159 1,889,422.76 41 753,000.00 55 971,300.00 8 180,000.00 LR-BIGAS LR-BONUS/INCENTIVES 189 2,168,800.00 234 2,907,700.00 114 1,166,700.00 268 2,971,000.00 243 1,886,200.00 325 2,871,700.00 234 3,188,000.00 365 5,569,200.00 199 2,187,500.00 LR-CLAP 4 65,600.00 5 142,700.00 1 40,000.00 LR-CREDIT LINE 2 400,000.00 LR-EDUCATIONAL 4 19,850.00 19 169,390.00 LR-EMERGENCY 70 373,800.00 71 402,400.00 35 205,000.00 82 463,660.00 27 160,000.00 43 243,750.00 36 212,000.00 79 461,000.00 13 77,000.00 LR-FAXCOM 144 8,814,000.00 250 16,969,700.00 21 1,240,000.00 56 2,803,000.00 19 1,391,000.00 24 1,551,000.00 25 1,540,000.00 76 4,383,000.00 5 240,000.00 LR-INSTANT 875 12,397,870.00 1095 15,833,620.00 250 4,741,200.00 473 10,403,900.00 519 7,697,330.00 793 9,287,100.00 621 10,301,120.00 832 16,288,450.00 429 7,724,800.00 LR-JEWELRY 1 47,000.00 1 600.00 5 288,800.00 29 1,025,900.00 4 300,000.00 3 42,000.00 4 110,000.00 9 410,100.00 LR-HONORARIUM 114 2,482,500.00 82 1,773,300.00 29 523,600.00 39 582,100.00 296 4,773,600.00 345 5,792,130.00 23 577,000.00 30 714,000.00 148 4,233,000.00 LR-MEDAP 47 1,011,200.00 47 1,234,000.00 31 655,000.00 117 3,562,000.00 84 2,020,000.00 177 2,137,600.00 32 801,000.00 60 943,000.00 6 290,000.00 LR-PENSION 42 1,387,000.00 79 2,383,100.00 18 743,000.00 53 2,212,000.00 47 1,884,500.00 48 2,029,000.00 22 869,000.00 40 1,635,000.00 11 435,000.00 LR-PETTYCASH 714 1,965,790.00 1176 3,123,600.00 249 731,200.00 441 1,301,500.00 199 564,150.00 476 1,371,950.00 334 969,400.00 416 1,181,150.00 107 308,500.00 LR-REGULAR 525 17,012,200.04 796 20,151,000.00 77 5,485,500.00 152 10,219,600.00 123 5,079,800.00 224 8,919,500.00 136 7,269,000.00 178 12,709,500.00 33 1,379,000.00 LR-SALARY 353 48,228,000.00 411 56,940,400.00 209 25,317,900.00 453 55,475,900.00 275 41,280,000.00 279 35,571,900.00 390 46,087,000.00 497 56,308,800.00 376 57,490,000.00 LR-LAUA-AN MPC TOTAL 3,089 96,094,760.04 4,262 121,991,120.00 1,152 43,163,400.00 2,322 92,909,982.76 1,881 67,809,430.00 2,811 70,958,320.00 1,857 71,923,520.00 2,582 100,603,200.00 1,335 74,544,800.00 RELEASED PER PURPOSE OF LOAN A.1-AGRICULTURAL 955 26,658,220.00 1277 35,420,390.00 171 3,465,800.00 285 9,096,300.00 398 13,812,000.00 468 14,290,850.00 131 5,460,250.00 211 8,223,700.00 138 8,569,300.00 A.2-FISHING 11 197,500.00 6 85,000.00 7 261,000.00 6 167,800.00 1 26,000.00 1 19,000.00 19 750,000.00 25 625,950.00 25 753,000.00 A.3-LIVESTOCKS 74 1,770,500.00 100 2,308,750.00 33 1,398,600.00 52 2,173,000.00 154 4,449,000.00 179 6,347,700.00 53 2,229,000.00 68 2,680,100.00 15 767,300.00 A.4-TRADING/SERVICES 562 28,057,700.00 712 31,655,640.00 137 6,731,100 340 15,292,600 302 14,542,600.00 415 9,711,850.00 146 6,276,200.00 289 12,624,700.00 157 9,413,900.00 A.5-MANUFACTURING/PROCESSING 3 140,000.00 2 82,000.00 4 68,000.00 8 137,000.00 4 15,000.00 10 194,500.00 9 358,900.00 2 154,000.00 A.6-SERVICES 26 1,158,500.00 23 1,027,400.00 13 478,200.00 17 824,400.00 4 386,000.00 7 86,000.00 39 2,778,200.00 29 2,132,500.00 2 35,700.00 A.7-RESTRUCTURING 133 1,853,990.04 192 1,922,500.00 28 452,000.00 77 1,261,782.76 25 355,400.00 75 680,720.00 15 593,500.00 19 513,700.00 3 49,000.00 B.1-EDUCATION 459 15,892,450.00 673 22,086,930.00 329 15,373,800.00 749 35,442,200.00 393 13,428,500.00 877 20,902,170.00 636 25,931,700.00 883 36,944,000.00 569 35,018,900.00 B.2-CONSUMPTION 423 5,713,500.00 663 8,567,420.00 83 1,482,800.00 136 2,231,600.00 93 1,739,200.00 81 1,336,750.00 67 1,372,900.00 75 1,060,900.00 144 4,226,500.00 B.3-MEDICAL 176 4,600,600.00 302 8,526,190.00 103 2,612,300.00 262 8,839,100.00 161 5,647,430.00 312 7,610,700.00 276 8,372,600.00 388 10,120,100.00 104 4,826,800.00 B.4-HOUSING/HOUSE REPAIR 137 7,469,600.00 120 6,237,600.00 78 5,537,500.00 136 7,994,800.00 121 6,434,900.00 93 4,678,000.00 166 9,448,600.00 195 12,038,300.00 74 5,167,900.00 B.5-PROP. ACQUISITION 19 1,252,000.00 27 1,881,500.00 17 1,421,000.00 20 1,132,000.00 22 1,665,900.00 15 1,287,800.00 33 3,151,200.00 29 3,607,500.00 11 1,217,000.00 B.6-MISCELLANEOUS 50 1,129,600.00 51 819,600.00 133 3,487,400.00 189 7,171,700.00 160 4,771,100.00 204 2,999,350.00 257 4,635,870.00 329 7,262,200.00 80 3,378,500.00 B.7-PLACEMENT FEE 5 40,900.00 12 491,000.00 1 90,000.00 6 655,000.00 2 38,000.00 3 310,800.00 2 130,000.00 13 1,528,000.00 8 492,000.00 B.8-RESTRUCTURING 59 299,700.00 101 821,200.00 17 289,900.00 43 559,700.00 37 376,400.00 77 681,630.00 7 599,000.00 20 882,650.00 3 475,000.00 TOTAL 3089 96,094,760.04 4262 121,991,120.00 1,152 43,163,400.00 2,322 92,909,982.76 1,881 67,809,430.00 2,811 70,958,320.00 1,857 71,923,520.00 2,582 100,603,200.00 1,335 74,544,800.00
SUMMARY PER BRANCH BARBAZA CULASI SIBALOM SAN JOSE BALASAN BAROTAC VIEJO CATICLAN MOLO KALIBO NO. OF TRANSACTIONS 7,351 3,474 4,692 4,439 3,698 6,390 1,512 4,274 2,209 TOTAL AMOUNT 218,085,880.04 136,073,382.76 138,767,750.00 172,526,720.00 206,147,000.00 361,624,800.00 61,833,500.00 261,074,600.00 108,862,450.00
[44] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE Loan Released per Type and Purpose
BALASAN BAROTAC VIEJO CATICLAN MOLO KALIBO CONSOLIDATED FEMALE MALE FEMALE MALE FEMALE MALE FEMALE MALE FEMALE TOTAL NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT. NO. AMT.
- - 5 120,000.00 10 384,000.00 8 456,000.00 423 6,649,222.76 0 - 443 5,417,000.00 419 4,735,400.00 743 9,553,800.00 45 489,500.00 52 508,200.00 416 4,542,400.00 432 4,662,800.00 144 1,524,800.00 195 2,153,900.00 5060 58,504,600.00 1 35,000.00 11 283,300.00 2 400,000.00 10 94,000.00 7 81,000.00 40 364,240.00 42 244,000.00 8 48,000.00 3 18,000.00 4 22,000.00 8 47,000.00 7 42,000.00 528 3,019,610.00 12 640,000.00 632 39,571,700.00 729 14,073,800.00 637 12,430,600.00 867 17,291,900.00 385 3,682,400.00 133 1,480,100.00 567 6,279,600.00 600 5,985,800.00 166 1,971,750.00 240 2,097,600.00 10211 159,968,940.00 1 118,000.00 4 332,000.00 15 721,000.00 76 3,395,400.00 158 4,527,200.00 74 2,086,000.00 46 1,277,000.00 11 300,000.00 15 276,800.00 3 66,000.00 5 127,000.00 74 2,374,000.00 147 3,901,300.00 1639 36,386,530.00 25 1,615,000.00 4 140,000.00 45 1,021,000.00 8 200,000.00 24 488,000.00 104 2,443,000.00 197 3,311,300.00 1008 21,872,100.00 15 585,000.00 78 3,305,000.00 118 5,203,000.00 4 200,000.00 11 395,000.00 3 140,000.00 4 155,000.00 2 65,000.00 25 1,024,000.00 620 24,649,600.00 181 513,000.00 185 543,700.00 400 1,198,500.00 9 27,000.00 12 36,000.00 8 23,000.00 23 68,000.00 2 5,000.00 4 10,500.00 4936 13,941,940.00 46 2,210,200.00 337 12,136,900.00 698 23,173,000.00 71 3,407,500.00 101 5,973,000.00 132 8,040,000.00 249 14,540,000.00 26 673,800.00 82 6,708,500.00 3986 165,088,000.04 707 101,657,000.00 727 107,533,000.00 1042 160,282,000.00 354 23,154,500.00 244 20,226,500.00 857 109,487,000.00 939 106,248,000.00 317 37,495,000.00 437 42,118,000.00 8867 1,130,900,900.00 0 - 2,363 131,602,200.00 2,467 143,154,600 3,923 218,470,200 892 31,566,900.00 620 30,266,600.00 1,994 128,778,000.00 2,280 132,296,600.00 853 46,693,350.00 1,356 62,169,100.00 38,039 1,664,996,082.80
165 8,542,400.00 679 49,675,900.00 1195 91,262,000.00 12 200,000.00 9 521,000.00 74 4,403,300.00 46 3893000 6 473000 14 763,400.00 6,234 284,730,810.00 42 2,206,300.00 35 2,027,400.00 59 2,289,000.00 3 48,000.00 0 - 6 265000 3 66,000.00 249 9,786,950.00 36 2,522,800.00 135 5,422,400.00 232 8,337,900.00 24 628,000.00 26 808,000.00 68 4,070,600.00 46 3791200 75 3892700 94 4,809,300.00 1,464 58,406,850.00 253 15,274,300.00 465 27,500,100.00 697 33,034,500.00 214 9,559,300.00 225 11,205,400.00 340 25,342,600.00 378 22681400 290 14088400 509 23,334,000.00 6,431 316,326,290.00 1 200,000.00 15 1,608,700.00 16 855,300.00 2 35,000.00 5 285,000.00 11 494,400.00 20 1158300 5 562000 7 344,000.00 124 6,692,100.00 2 250,000.00 133 6,459,300.00 160 6,867,500.00 5 105,000.00 5 340,000.00 8 541,700.00 1 50000 12 521000 19 1139200 505 25,180,600.00 5 323,900.00 26 1,353,500.00 43 1,876,200.00 1 3,000.00 3 60400 8 157600 653 11,457,192.80 1023 61,072,500.00 422 23,663,700.00 842 45,336,000.00 179 6,293,400.00 164 7,909,400.00 825 49,335,800.00 1026 53638400 155 8096500 300 13,114,600.00 10,504 489,480,950.00 290 11,364,200.00 122 4,492,400.00 176 7,010,500.00 97 953,400.00 34 1,213,500.00 88 4,805,800.00 66 3013300 37 1086250 36 571,400.00 2,711 62,242,320.00 243 11,699,900.00 123 6,593,800.00 220 11,887,700.00 115 4,357,400.00 52 2,246,500.00 187 11,482,300.00 306 16178200 68 4563200 106 3,767,400.00 3,504 133,932,220.00 134 9,143,600.00 128 7,694,500.00 94 5,205,300.00 159 6,425,200.00 61 3,830,500.00 298 22,602,300.00 301 22294100 95 7050000 124 8,466,500.00 2,514 157,719,200.00 22 2,448,400.00 6 328,500.00 4 125,000.00 20 1,392,500.00 11 690,000.00 45 3,338,500.00 36 3056700 12 1875000 22 1,765,000.00 371 31,635,500.00 132 5,292,100.00 144 5,531,500.00 152 3,845,400.00 50 1,284,200.00 14 490,500.00 45 1,790,700.00 43 1784200 87 4074900 110.00 3,575,700.00 2,230 63,324,520.00 15 1,261,800.00 6 250,000.00 3 104400 11 269,500.00 10 554,000.00 5 570,000.00 11 757800 2 85000 3.00 255000 118 7,883,200.00 28 552,900.00 30 433,500.00 1 16,000.00 3 169,800.00 1.00 40000 427 6,197,380.00 2,363 131,602,200.00 2,467 143,154,600.00 3,923 218,470,200.00 892 31,566,900.00 620 30,266,600.00 1,994 128,778,000.00 2,280 132,296,600.00 853 46,693,350.00 1,356 62,169,100.00 38,039 1,664,996,082.80
CONSOLIDATED PRODUCTIVE PROVIDENTIAL 38,039 712,580,793 952,415,290 MALE FEMALE 1,664,996,082.80 15,660.00 22,379.00 15,520 22,519
2016 ANNUAL REPORT [45] NATCCO NETWORK Cable TV and Internet Operations Cable TV (CATV) and Internet operations covers eight (8) municipalities from Barbaza down to Hamtic . As of December 31, 2016, we recorded a total of 8,544 CATV active subscribers and 1,455 internet active subscribers and increase in net surplus by 17.72% over 2015. We have upgraded our cable system from analog to digital signal in compliance to the mandate of National Telecommunication Commission. Our internet services have been to continuous upgrading by installing fi ber-to-the-home technology and provision of adequate bandwidth requirement for our internet users.
Promotional strategies and marketing materials were engaged to promote our cable and internet services to prospective subscribers especially to new towns. Deals and fl exible package for digital and HD quality video were off ered to encourage more subscribers to patronize our services.
We have successfully constructed and installed Fiber to the Home system in almost barangays of Hamtic, Antique while the towns of San Remigio and Tobias Fornier are the next area for expansion after a franchise from NTC is secured. Recently this March 2017 an application for CATV franchise was fi led for the Municpality of Valderrama.
Marketing and Otoshi-ami It is always believed that Marketing and Otoshia-ami is our social enterprise to support other business or advocacy of the coop. In 2016, marketing has focused on the procurement of palay preferably produce by coop farmer-members. The NFA incentives – Coop Development Incentive Funds have reached to Php 51, 599.72 and to be withdrawn to support developmental program for farmers. The abaca procurement has declined and still under rehabilitation since the super typhoon Yolanda hit Barbaza.
Otoshi ami project located at Brgy. Ipil, Barbaza has recorded a Php 124,092.00 of net surplus for 2016. The project supports 15 fi sherfolks as regular labor covered with Philhealth benefi ts and accident insurance in order to protect and making them committed to the project.
Gas Station The Coop Gas Refi lling Stations (Balasan, Iloilo and Malay, Aklan) were added to the services of Barbaza MPC ideally to support our members in the transportation industry, provide employment and forseen as a fallback measure to augment cash liquidity of the branch. Unfortunately, our gas stations have suff ered losses attributably due to the existence of white stations that evidently off ered at cheaper price and delivery vehicle to pump boat location. The management has employed remedial strategies by reducing the rebates and further request from SEAOIL additional margin. We are focus on marketing by generating more key patrons and rigid management supervision.
However, if all strategies have been employed and the operation is not favorable, its high time to surrender the Gas station to the franchiser and focus on other viable projects.
Mortuary Assistance BMPC as a family is sympathetic to its members most especially to the bereave family of coop members. For 2016, the coop has extended a total Php 3,095,000.00 appropriately provided to 180 benefi ciaries under Mortuary Assistance Program broken down as follows:
Coop Assurance Center Barbaza MPC has become a Coop Assurance Center in partnership with Climbs Life and General Insurance Cooperative in an established memorandum of agreement signed last March 2016. This is intended to provide aff ordable and quality insurance needs made available to our members and non-members.
In 2015, only 711 members availed of the products whereas there is a noticeable increase in 2016 a total of 6, 742 members availed with the total premium sales of Php 2,188,140.85. This has benefi ted 14 claimants amounting to Php 58,454.79 for 2016.
Scholarship Program The coop sustained its scholarship program in consideration of the foregoing developments and to augment to the fi nancial obligations of our indigent members. The coop provide scholarship grants to deserving and qualifi ed students for both high school and college. As of 2016, the following students are recipients of the coop’s scholarship program:
[46] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE College
High School
Other Scholarship Grants
Gugma sa Koop and Other Social Services “Gugma sa Koop” is an annual coop activity by conducting social service programs in the community preferably for indigent members. For 2016, the coop through the GAD committee facilitated a “Kasalang sa Koop” which benefi ted 22 couples for a mass wedding.
BMPC Learning continues to mold pre-school pupils to become emotionally, socially, physically and mentally ready for formal schooling. For school year 2016-2017, BMPC Learning Center has registered 85 pupils. To respond to the demand for expansion, additional classrooms were constructed ready for use for school year 2017-2018.
The coop continues to initiate in partnership with the Philippine National Red Cross the Blood-Letting Program for its Coop Blood Bank. Members can access stocks of blood during emergency circumstances provided that it shall be replenished in due time so that other members may also access and preserve their lives.
The coop also subsidized fi fty (50) qualifi ed members as Philhealth benefi ciaries wherein the coop shall pay for their Philhealth contributions for maximum of 10 years as long as the member recipient comply with the qualifying criteria.
Other Social Services Amount Disbursed Adopt-A-School Program Php 141,479.10 Brigada Eskwela Php 15,627.50 Sponsorship on Community Socio-Cultural Activities Php 138,205.00 Gugma Sa Koop Php 216,023.61 Feeding Program Php 18, 721.00 Burial/Medical Assistance Php 75, 738.000
Opportunities This 6th Representative Assembly has open many windows of opportunities for the future years of Barbaza MPC, to wit: (a) opening of new branch, (b) operate Coop Pharmacy, (c) focus on agriculture specifi cally the production of organic farm products, (d) participate and part owner of Coop diagnostic center and (e) approved to continue the renovation and construction of the coop resort at Poblacion, Barbaza, Antique.
Laboratory Cooperative - Coop has been awarded by the Cooperative Development Authority with Certifi cate of Recognition for the establishment of Laboratory Cooperative with Barbaza National High School as the host school.
As we move forward in our mission of furthering the growth and development, Barbaza Multi-Purpose Cooperative assures that with the relentless and continuing support of all the members, offi cers and staff , we will surely be in the position to take these opportunities for the continuing development of our local economy and communities
2016 ANNUAL REPORT [47] NATCCO NETWORK
[48] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
2016 ANNUAL REPORT [49] NATCCO NETWORK BARBAZA MULTI-PURPOSE COOPERATIVE Cubay, Barbaza, Antique Registration No. 9520-06003408 STATEMENTS OF FINANCIAL CONDITION December 31, 2016 and 2015 (In Philippine Peso)
Notes 2016 2015
ASSETS Current Assets Cash 5 215,402,017 121,551,810 Loans and other receivables- net 6 898,148,073 761,958,763 Advances to o cers, employees and members 1,341,815 1,426,774 Due from accountable o cers and employees 1,536,567 910,588 Inventories 7 5,956,363 7,547,400 Other current assets 8 582,248 934,821
1,122,967,083 894,330,156 Non-Current Assets Property and equipment-net 9 82,478,380 77,713,428 Investment property/ROPA 10 - 10,000 Investment in non-marketable equity securities 11 21,049,281 19,646,884 Other non-current assets 12 12,749,176 10,560,352 116,276,837 107,930,664 TOTAL ASSETS 1,239,243,920 1,002,260,820
LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Current Liabilities Deposit liabilities 13 474,549,897 356,673,989 Trade and other payables 14 56,338,843 51,704,981 Interest on share capital and patronage refund 15 39,667,696 30,544,944 Due to union/federations 16 13,305,476 9,923,706
583,861,912 448,847,620 Non-Current Liabilities Loans payable 17 150,514,765 151,568,207 Other non-current liabilities 18 20,560,865 17,690,261 171,075,630 169,258,468 TOTAL LIABILITIES 754,937,542 618,106,088
STOCKHOLDERS' EQUITY
Share Capital 19 355,103,686 288,447,025
Treasury Shares 19 (14,235,121) (12,528,948)
340,868,565 275,918,077 Donations and G rants 2,190,991 2,190,991 Statutory Funds Reserve fund 106,756,363 79,842,418 Cooperative education and training fund 6,945,286 5,285,152 Community development fund 10,078,661 6,905,246 Optional fund 17,466,512 13,570,418 Undivided Net Surplus - 442,430 141,246,822 106,045,664 TOTAL STOCKHOLDERS' EQUITY 484,306,378 384,154,732 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,239,243,920 1,002,260,820
(See Accompanying Notes to Financial Statements)
[50] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
BARBAZA MULTI-PURPOSE COOPERATIVE Cubay, Barbaza, Antique Registration No. 9520-06003408 STATEMENTS OF OPERATIONS For The Years Ended December 31, 2016 and 2015 (In Philippine Peso)
Notes 2016 2015
REVENUE Income from credit operation 20 162,086,303 133,998,082 Income from cable operation 21 41,229,969 33,902,175 Income from other operations 22 3,471,244 4,329,915 206,787,516 172,230,172 EXPENSES Financing costs 20 24,608,560 21,226,618 Administrative costs 23 102,843,565 89,288,457 127,452,125 110,515,075 NET SURPLUS FOR THE YEAR 79,335,391 61,715,097
Distributed as follows: Reserve fund 23,800,617 18,326,966 Cooperative education and training fund 3,966,770 3,054,494 Due to unions / federations 3,966,770 3,054,494 Community development fund 3,173,415 2,443,596 Optional fund 4,760,124 3,665,393 Interest on share capital and patronage refund 39,667,695 30,544,944 Undivided net surplus - 625,210 NET SURPLUS AS DISTRIBUTED 79,335,391 61,715,097
(See Accompanying Notes to Financial Statements)
2016 ANNUAL REPORT [51] NATCCO NETWORK
BARBAZA MULTI-PURPOSE COOPERATIVE Cubay, Barbaza, Antique Registration No. 9520-06003408 STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY For The Years Ended December 31, 2016 and 2015 (In Philippine Peso)
Notes 2016 2015
STOCKHOLDERS' EQUITY PAID-UP COMMON SHARE CAPITAL Beginning balance 271,958,589 203,464,781 Add: Additional capital build-up 19 64,749,644 68,493,808 Ending balance 336,708,233 271,958,589 TREASURY SHARE CAPITAL Beginning balance (12,528,948) (11,973,360) Add: Shares bought for the year 19 (1,706,173) (555,588) Ending balance (14,235,121) (12,528,948) INVESTMENT FROM MEMBERS Beginning balance 16,488,436 13,094,936 Add: Additional 19 1,907,017 3,393,500 Ending balance 18,395,453 16,488,436 DONATION AND GRANTS Beginning balance 2,190,991 840,991 Add: Additions - 1,350,000 Balance, December 31 2,190,991 2,190,991 UNDIVIDED NET SURPLUS Beginning balance 442,430 373,165 Add: Undistributed net surplus 79,335,391 61,715,097 Less: Distributed net surplus and adjustments (79,777,821) (61,645,832) Ending balance - 442,430 STATUTORY FUNDS RESERVE FUND Beginning balance 79,842,418 59,095,253 Add: Allocation from net surplus (30%) 23,800,617 18,326,966 Total 103,643,035 77,422,219 Adjustments 3,113,328 2,420,199 Ending balance 106,756,363 79,842,418 EDUCATION AND TRAINING FUND Beginning balance 5,285,152 3,629,828 Add: Allocation from net surplus (5%) 3,966,770 3,054,494 Total 9,251,922 6,684,322 Expenditures (2,306,636) (1,399,170) Ending balance 6,945,286 5,285,152 COMMUNITY DEVELOPMENT FUND Beginning balance 6,905,246 4,461,650 Add: Allocation from net surplus (4%) 3,173,415 2,443,596 Total 10,078,661 6,905,246 Expenditures/adjustments - - Ending balance 10,078,661 6,905,246 OPTIONAL FUND Beginning balance 13,570,418 10,828,843 Add: Allocation from net surplus (6%) 4,760,124 3,665,393 Total 18,330,542 14,494,236 Expenditures (864,030) (923,818) Ending balance 17,466,512 13,570,418 TOTAL STATUTORY FUNDS 141,246,822 105,603,234 STOCKHOLDERS' EQUITY 484,306,378 384,154,732
(See Accompanying Notes to Financial Statements)
[52] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
BARBAZA MULTI-PURPOSE COOPERATIVE Cubay, Barbaza, Antique Registration No. 9520-06003408 STATEMENTS OF CASH FLOWS For The Years Ended December 31, 2016 and 2015 (In Philippine Peso)
Notes 2016 2015
CASH FLOWS FROM OPERATING ACTIVITIES Net surplus for the year 79,335,391 61,715,097 Adjustments for: Interest income 5 (1,125,995) (1,275,697) Provision for doubtful accounts 6 15,499,999 11,072,052 Depreciation and amortization 9 9,806,592 9,156,201 Operating cash flows before working capital changes 103,515,987 80,667,653 Decrease (increase) in operating assets: Loans and other receivables - net (152,230,329) (178,501,934) Inventories 1,591,037 (4,959,795) Other current assets 352,573 (587,551) Increase (decrease) in operating liabilities: Trade and other payables 4,633,862 3,132,211 Deposit liabilities 117,875,908 74,969,835 Due to union / federations (585,000) 2,576,494 Cash generated from (used in) operations 75,154,038 (22,703,087) Interest received 5 1,125,995 1,275,697 Net cash from (used in) operating activities 76,280,033 (21,427,390)
CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property and equipment 9 (14,571,544) (21,467,590) Acquisition of long-term investment (1,392,397) (263,937) Change in non-current assets (2,188,824) 1,179,725 Net cash used in investing activities (18,152,765) (20,551,802)
CASH FLOWS FROM FINANCING ACTIVITIES Issuance of common shares 66,656,661 71,887,309 Purchase of treasury shares (1,706,173) (555,588) Net proceeds from loans payable (1,053,442) 30,530,275 Payment of Interest on share capital (30,544,944) (23,721,570) and patronage refund Proceeds on donations - 1,350,000 Disbursements on statutory funds (57,337) (2,322,988)
Change in Undivided net surplus (442,430) - Change in non-current liabilities 2,870,604 2,131,379 Net cash from financing activities 35,722,939 79,298,817 NET INCREASE IN CASH 93,850,207 37,319,625 CASH AT BEGINNING OF YEAR 121,551,810 84,232,185 CASH AT END OF YEAR 215,402,017 121,551,810
(See Accompanying Notes to Financial Statements)
2016 ANNUAL REPORT [53] [54] 2016 ANNUAL REPORT BARBAZA MULTI -PURPOSE COOPERATIVE NATCCO Barbaza, Antique CDA Registration No. 9520 -06003408 STATEMENTS OF FINANCIAL CONDITION BY SERVICES NETWORK As of December 31, 2016 and 2015 (Amounts in Philippine Pesos)
2016 2015
CREDIT CABLE MARKETING OTOSHI -AMI GAS STATION TOTAL TOTAL ASSETS CURRENT ASSETS Cash and Cash Equivalents 212,340,923 9,334,999 657,888 1,067,709 1,443,787 224,845,306 131,661,946 Loans and Receivables, Net 891,377,173 3,876,766 1,931,394 - 3,841,122 901,026,455 764,296,125 Inventories - 3,508,189 907,566 - 1,540,607 5,956,363 7,547,401 Other Current Assets 382,462 91,237 - - 108,549 582,248 934,821 Total Current Assets 1,104,100,558 16,811,192 3,496,848 1,067,709 6,934,065 1,132,410,372 904,440,293 NON -CURRENT ASSETS Property, Plant and Equipment, Net 32,216,371 49,857,395 172,307 191,184 41,134 82,478,390 19,646,884 Real and Other Properties Acquired (ROPA) ------10,000 Due from Head office/Branch & Subsidiaries 789,680,988 29,457,416 819,138,405 602,234,165 Investment in non -marketable equity securities 14,049,281 7,000,000 - - - 21,049,281 77,713,428 Other Non Current Assets 10,884,084 1,925,657 (290,756) 52,048 178,143 12,749,176 11,271,463 Total Non Current Assets 846,830,725 88,240,469 (118,450) 243,232 219,277 935,415,252 710,875,940 TOTAL ASSETS 1,950,931,283 105,051,661 3,378,399 1,310,941 7,153,341 2,067,825,625 1,615,316,233
LIABILITIES CURRENT LIABILITIES Deposit Liabilities 483,993,187 - - - - 483,993,187 366,784,126 Trades and Other Payables 33,778,425 19,944,198 711 3,375 2,612,133 56,338,843 51,704,980 Due to Union/Federation (CETF) 10,868,713 2,443,648 13,312,360 9,923,706 Interest on Share Capital Payable 29,874,577 1,820,883 31,695,461 26,125,519 Patronage Refunds Payable 4,659,436 3,381,640 - - - 8,041,076 4,419,426 Total Current Liabilities 563,174,338 27,590,369 711 3,375 2,612,133 593,380,927 458,957,757 NON -CURRENT LIABILITIES Loans Payable 150,411,765 - 103,000 - - 150,514,765 151,568,207 Due to Head Office/Branches 778,518,317 33,781,913 1,839,100 - 4,999,075 819,138,404 602,968,270 Other Non -Current Liabilities 16,688,756 3,872,108 - - - 20,560,865 17,667,270 Total Non -Current Liabilities 945,618,838 37,654,021 1,942,100 - 4,999,075 990,214,034 772,203,747 TOTAL LIABILITIES 1,508,793,175 65,244,391 1,942,811 3,375 7,611,208 1,583,594,961 1,231,161,504 EQUITY Paid -Up Share Capital 336,708,233 - - - - 336,708,233 271,958,589 Deposits on Share Capital ------Treasury Share Capital (14,235,121) - - - - (14,235,121) (12,528,949) Investment From Members - 18,395,453 - - - 18,395,453 16,488,436 Undivided Net Surplus (Deficit) ------442,428 Donations and Grants 2,190,991 - - 2,190,991 2,190,991 Statutory Funds 117,474,003 21,411,817 1,435,588 1,307,565 (457,867) 141,171,107 105,603,234 TOTAL EQUITY 442,138,107 39,807,270 1,435,588 1,307,565 (457,867) 484,230,664 384,154,729 TOTAL LIABILITIES AND EQUITY 1,950,931,283 105,051,661 3,378,399 1,310,941 7,153,341 2,067,825,624 1,615,316,233
BARBAZA MULTI-PURPOSE COOPERATIVE Barbaza, Antique CDA Registration No. 9520-06003408 STATEMENTS OF FINANCIAL CONDITION PER BRANCH- CREDIT DIVISION ONLY As of December 31, 2016 (Amounts in Philippine Pesos)
BAROTAC HEAD BARBAZA CULASI SIBALOM SAN JOSE BALASAN VIEJO CATICLAN MOLO KALIBO OFFICE TOTAL ASSETS CURRENT ASSETS Cash and Cash Equivalents 6,245,181 3,781,559 4,109,869 1,194,500 8,559,626 10,355,613 1,737,874 4,789,041 5,735,774 165,831,887 212,340,923 Loans and Receivables, Net 126,330,905 71,357,097 82,634,072 94,786,617 103,106,045 167,237,973 45,937,922 118,393,789 64,672,165 14,051,128 888,507,712 Advances to officers, employees and members 916,145 29,858 - 267,625 - 5,000 - 57,888 - 60,000 1,336,515 Due from accountable officers and employees 534,843 41,614 158,497 129,302 131,518 57,809 1,594 400 740 476,627 1,532,944 Other Current Assets 22,438 8,826 3,868 39,162 26,289 16,115 28,003 46,889 3,505 187,367 382,462 Total Current Assets 134,049,512 75,218,955 86,906,306 96,417,205 111,823,478 177,672,509 47,705,392 123,288,006 70,412,184 180,607,009 1,104,100,556 NON-CURRENT ASSETS Long-Term Investments ------14,049,281 14,049,281 Real and OtherProperties Acquired (ROPA) ------Due from Head Office/Branch & Subsidiaries 129,167,684 63,961,336 23,407,787 64,626,492 31,323,784 1,797,106 12,193,125 20,099,300 14,751,532 428,352,842 789,680,988 Property, Plant and Equipment, Net 14,603,970 1,260,292 596,162 41,911 5,447,728 1,954,064 2,883,331 962,903 2,194,835 2,271,175 32,216,370 Other Non Current Assets (299,373) 18,257 456,362 (291,945) - 24,000 - 48,000 32,000 10,896,783 10,884,085 Total Non Current Assets 143,472,281 65,239,885 24,460,311 64,376,458 36,771,512 3,775,170 15,076,457 21,110,203 16,978,367 455,570,081 846,830,725 TOTAL ASSETS 277,521,793 140,458,840 111,366,617 160,793,663 148,594,990 181,447,679 62,781,848 144,398,209 87,390,551 636,177,090 1,950,931,281 LIABILITIES CURRENT LIABILITIES BARBAZA MULTI-PURPOSE COOPERATIVE Deposit Liabilities 173,722,363 72,763,104 47,795,223 66,905,665 25,660,267 23,242,731 9,966,917 18,347,607 37,865,796 7,723,514 483,993,187 Accrued Expenses & Other Payables 6,959,509 3,554,614 2,515,405 3,914,230 63,219 1,524,239 1,236,519 2,596,671 1,132,914 10,281,103 33,778,424 Due to Union/Federation (CETF) 554,398 303,536 330,589 384,551 382,011 532,424 10,187 464,725 135,820 7,770,472 10,868,713 Interest on Share Capital Payable and 4,795,968 2,625,817 2,859,847 3,326,665 3,304,689 4,605,881 88,126 4,020,220 1,174,948 3,072,418 29,874,578 Patronage Refund Payable 748,010 409,540 446,041 518,849 515,421 718,364 13,745 627,020 183,252 479,195 4,659,435 Total Current Liabilities 186,780,248 79,656,610 53,947,104 75,049,959 29,925,606 30,623,640 11,315,494 26,056,243 40,492,730 29,326,702 563,174,337 NON-CURRENT LIABILITIES Loans Payable ------150,411,765 150,411,765
2016 ANNUAL REPORT [55 ] Due to Head Office/Branches 24,983,888 20,576,212 18,367,226 27,750,088 78,416,484 107,642,291 35,311,053 80,836,979 35,179,733 349,454,364 778,518,318 Other Non-Current Liabilities 304,508 120,601 69,808 189,204 40,658 204,804 3,493 16,931 10,321 15,728,427 16,688,756 Total Non-CurrentLiabilities 25,288,396 20,696,813 18,437,034 27,939,292 78,457,142 107,847,095 35,314,546 80,853,910 35,190,054 515,594,555 945,618,838 TOTAL LIABILITIES 212,068,645 100,353,423 72,384,138 102,989,251 108,382,749 138,470,735 46,630,040 106,910,153 75,682,785 544,921,257 1,508,793,175 EQUITY Paid-Up Share Capital 64,927,100 39,984,500 37,976,400 57,502,200 36,735,100 38,297,500 16,114,500 33,186,200 10,443,000 - 335,166,500 Deposits for Share Capital 374,554 152,673 225,527 216,882 135,987 170,557 95,349 119,340 50,864 - 1,541,733 Treasury Share Capital (5,363,087) (2,763,577) (2,194,747) (3,375,632) (96,944) (282,933) (149,725) - (8,477) - (14,235,121) Donations and Grants 525,000 ------1,665,991 2,190,991 StatutoryFunds 4,989,581 2,731,821 2,975,298 3,460,962 3,438,099 4,791,820 91,684 4,182,516 1,222,380 89,589,842 117,474,003 TOTAL EQUITY 65,453,148 40,105,417 38,982,479 57,804,412 40,212,242 42,976,944 16,151,809 37,488,056 11,707,766 91,255,834 442,138,107 TOTAL LIABILITIES AND EQUITY 277,521,793 140,458,840 111,366,617 160,793,664 148,594,991 181,447,679 62,781,849 144,398,209 87,390,551 636,177,090 1,950,931,282
NATCCO NETWORK
STATEMENT OF OPERATIONS BY SERVICES For the Year Ended December 31, 2016
CREDIT CABLE MARKETING OTOSHIAMI GAS STATION TOTAL REVENUES: Gross Income from Sales - - 270,290 190,388 2,517,422 2,978,099 Interest Income from Loans 116,377,592 - - - - 116,377,592 Service Fees 24,603,704 162,182 - - - 24,765,886 Filing Fees 1,142,031 - - - - 1,142,031 Fines, Penalties, Surcharges 8,108,821 2,929,619 - - - 11,038,440 Income/Interesrt from Deposits 785,888 3,568 - - 11,291 800,747 Income/Interest from Investment 340,106 420,000 - - - 760,106 Installation Fees - 2,038,575 - - - 2,038,575 Subscription Fees - 33,450,911 - - - 33,450,911 Advertising and Promotion Fee - 265,754 - - - 265,754 Membership Fees 403,545 7,900 - - - 411,445 Rollback Price Subsidy - - - - 383,132 383,132 Miscellaneous Income/Other Income 10,324,614 507,557 8,516 2,191 10,842,878 Management Income 6,131,551 1,435,382 - - - 7,566,933 Interest Income - Interprogram Borrowings 22,943,531 - - - - 22,943,531 TOTAL REVENUES 191,161,384 41,221,450 278,806 190,388 2,914,035 235,766,063 EXPENSES FINANCING COSTS: Interest Expense on Deposits 16,660,348 - - - - 16,660,348 Interest Expense on Borrowings 7,948,212 - - - - 7,948,212 Other Financing/Interbranch/Interprogram Cha 22,943,531 - - - - 22,943,531 Total Financing Costs 47,552,091 - - - - 47,552,091 ADMINISTRATIVE COSTS: Salaries & Wages 14,894,701 4,196,293 - - 1,415,766 20,506,760 Employees Benefits 10,826,110 2,730,408 - - 199,174 13,755,692 SSS,Philhealth, ECC, Pag-ibig Prem. Contri. 1,178,573 320,949 - - 130,960 1,630,482 Retirement Benefit Expenses 3,680,012 802,451 - - - 4,482,463 Officers' Honorarium and Allowances 475,029 - - - - 475,029 Gateway Subcription Expense - 6,294,520 - - - 6,294,520 Subscription Expense - 1,588,430 - - - 1,588,430 Office Supplies/Marketing Supplies 1,398,236 136,545 9,687 2,009 29,428 1,575,904 Power, Light & Water 1,628,911 1,346,133 2,631 - 177,617 3,155,292 Travel & Transportation 1,081,585 92,171 1,143 10 8,754 1,183,663 Members Benefit Expenses 1,925,653 - - - - 1,925,653 General Assembly Expenses 1,417,944 359,740 - - - 1,777,684 Insurance 307,768 22,539 1,546 - 69,685 401,538 Repairs & Maintenance 628,335 1,086,806 13,513 31,473 16,220 1,776,346 Rentals - Office/Poles/Site 1,902,703 437,088 - 25,000 849,815 3,214,606 Taxes, Fees and Charges 123,215 187,035 10,439 1,000 18,488 340,177 Professional Fees 174,760 10,000 - - - 184,760 Communication 963,787 134,265 - - 12,656 1,110,708 Representation 168,396 67,819 - - - 236,215 Social Services Expense - 380,173 380,173 Meetings and Conferences 2,023,959 575,121 - - - 2,599,080 General Support Services 3,920,004 195,525 - - 251,620 4,367,148 Depreciation & Amortization 4,655,108 4,999,086 33,355 3,240 115,793 9,806,583 Retailers Fee - - - - 48,000 48,000 Provision for Probable Losses on Loans 15,499,999 - - - - 15,499,999 Collection Expense 1,702,072 - - - - 1,702,072 Promotional Expenses 30,300 1,350 - - - 31,650 Affiliation Fee 78,494 61,085 - - - 139,579 Administration Expense - 3,326,405 - - - 3,326,405 Installation Expense - 938,926 - - - 938,926 Freight and Handling - 137,188 - - - 137,188 Miscellaneous Expense 3,855,615 388,358 10,392 3,564 27,926 4,285,855 Total Administrative Costs 74,541,269 30,816,409 82,706 66,295 3,371,903 108,878,581 TOTAL EXPENSES 122,093,359 30,816,409 82,706 66,295 3,371,903 156,430,672 NET SURPLUS FOR ALLOCATION 69,068,026 10,405,041 196,100 124,092 (457,867) 79,335,391
[56] 2016 ANNUAL REPORT STATEMENT OF OPERATIONS PER BRANCH - CREDIT DIVISION ONLY For the Year Ended December 31, 2016
BARBAZA CULASI SIBALOM SAN JOSE BALASAN BAROTAC VIEJO CATICLAN MOLO KALIBO HEAD OFFICE TOTAL REVENUES: Interest Income from Loans 17,462,452 10,450,610 11,636,469 15,147,697 13,487,555 19,805,922 5,950,138 15,038,970 7,397,779 - 116,377,592 Service Fees 3,334,728 2,049,932 2,143,565 2,696,579 2,794,832 4,495,937 1,184,709 3,910,732 1,992,689 - 24,603,704 Filing Fees 221,110 107,740 141,691 133,200 111,070 187,130 45,390 128,370 66,330 - 1,142,031 Fines, Penalties, Surcharges 1,772,304 1,122,808 1,185,605 1,649,358 1,183,630 626,853 332,783 208,142 27,337 - 8,108,821 Income/Interesrt from Deposits - - - - 19,642 1,884 - - - 764,362 785,888 Income/Interest from Investment ------340,106 340,106 Membership Fees 53,920 19,145 52,920 38,540 53,010 48,160 37,370 46,200 54,280 - 403,545 Miscellaneous Income/Other Income 439,850 131,108 102,313 552,640 117,769 266,091 131,729 236,979 109,709 8,236,428 10,324,615 Management Income ------6,131,552 6,131,552 Interest Income - Interprogram Borrowings 3,432,321 1,596,175 - 1,144,886 - - - - - 16,770,148 22,943,531 TOTAL REVENUES 26,716,686 15,477,518 15,262,564 21,362,899 17,767,508 25,431,977 7,682,119 19,569,393 9,648,124 32,242,597 191,161,385 EXPENSES FINANCING COSTS: Interest Expense on Deposits 5,884,301 3,087,460 1,820,002 3,266,292 705,883 536,183 122,291 790,515 447,421 - 16,660,348 Interest Expense on Borrowings - - 28,980 - 3,086,598 6,168,618 1,510,206 4,054,993 1,920,753 14,121,594 30,891,743 Total Fi nancing Costs 5,884,301 3,087,460 1,848,982 3,266,292 3,792,481 6,704,801 1,632,498 4,845,508 2,368,174 14,121,594 47,552,091 ADMINISTRATIVE COSTS: Salaries & Wages 2,016,238 1,096,946 1,144,437 1,674,355 899,428 977,770 765,052 922,165 932,640 4,465,672 14,894,701 Employees Benefits 1,369,894 799,064 902,020 1,203,146 697,331 821,326 610,903 730,614 800,976 2,890,835 10,826,110 SSS,Philhealth, ECC, Pag -ibig Premium Contr 179,971 96,096 100,419 142,892 62,330 83,275 66,736 74,005 80,166 292,684 1,178,573 Retirement Benefit Expenses 525,205 303,324 294,692 411,815 351,994 506,877 153,475 391,388 192,962 548,279 3,680,012 Officers' Honorarium and Allowances 117,418 47,486 66,203 73,616 44,167 51,540 26,315 36,370 11,914 - 475,029 Office Supplies 305,118 90,918 117,891 170,407 126,567 159,564 83,029 150,645 114,211 79,885 1,398,236 Power, Light & Water 375,766 104,373 123,063 291,103 76,538 108,650 112,509 229,661 113,306 93,942 1,628,911 Travel & Transportation 61,656 59,083 38,885 85,815 116,486 110,968 122,726 76,733 114,814 294,420 1,081,585
Members Benefit Expenses 289,216 158,198 166,665 221,606 175,997 253,439 83,669 206,242 96,481 274,140 1,925,653 BARBAZA MULTI-PURPOSE COOPERATIVE General Assembly Expenses 252,558 180,658 134,506 152,551 172,981 197,545 111,035 119,237 96,873 - 1,417,944 Insurance 51,412 20,821 32,018 33,097 22,032 48,730 17,012 18,625 25,724 38,296 307,768 Repairs & Maintenance 131,731 25,464 74,243 76,866 25,900 75,389 13,585 61,956 42,961 100,240 628,335 Rentals 27,150 105,336 537,600 - 272,577 167,800 - 322,560 469,680 - 1,902,703 Taxes, Fees and Charges 5,279 9,242 2,579 6,948 10,464 5,767 21,015 9,570 5,570 46,780 123,215 Professional Fees 37,600 15,568 24,272 37,768 14,400 18,896 9,296 12,592 4,368 - 174,760 Communication 120,462 69,110 87,000 96,727 57,406 97,534 57,611 69,022 64,320 244,595 963,787 Representation 5,716 413 4,438 2,494 12,337 3,392 16,383 2,118 19,395 101,710 168,396 2016 ANNUAL REPORT [57 Meetings and Conferences 412,078 207,574 256,738 256,580 206,386 251,744 134,077 176,841 58,371 63,570 2,023,959 General Support Services 266,024 486,035 472,946 257,877 233,912 605,073 226,122 220,808 414,360 736,847 3,920,004 Depreciation & Amortization 660,287 337,239 425,427 696,544 23,579 243,359 440,146 603,847 615,458 609,221 4,655,108 Provision for Probable Losses on Loans 1,500,000 1,500,000 1,100,000 3,700,000 2,200,000 2,500,000 2,500,000 500,000 - - 15,500,000 Collection Expense 335,870 254,118 342,767 291,401 114,563 216,754 73,885 40,128 32,586 - 1,702,072 Promotional Expenses - 600 - 27,000 200 2,500 - - - - 30,300 Affiliation Fee 14,190 6,169 9,254 8,637 5,552 7,403 3,702 4,936 1,851 16,800 78,494 Miscellaneous Expense 683,588 345,509 343,744 486,335 411,680 563,393 197,596 449,344 254,562 119,864 3,855,614 Total Administrative Costs 9,744,427 6,319,344 6,801,807 10,405,581 6,334,807 8,078,687 5,845,879 5,429,405 4,563,552 11,017,778 74,541,268 TOTAL EXPENSES 15,628,728 9,406,805 8,650,789 13,671,873 10,127,288 14,783,488 7,478,377 10,274,913 6,931,725 25,139,373 122,093,359 NET SURPLUS FOR ALLOCATION 11,087,958 6,070,713 6,611,774 7,691,026 7,640,220 10,648,489 203,743 9,294,480 2,716,399 7,103,225 69,068,027
]
NATCCO NETWORK
CONSOLIDATED FINANCIAL SCHEDULES CONSOLIDATED CONSOLIDATED CONSOLIDATEDAs of December FINANCIALFINANCIAL FINANCIAL 31, SCHEDULES2016SCHEDULES SCHEDULES AsAs ofof DecemberDecember 31,31, 20162016 As of December 31, 2016
Note 5 - Cash and Cash Equivalents 2016 2015 Note 8 - Other Non-Current Assets 2016 2015
NoteNote 55 -- CashCash andand CashCash EquivalentsEquivalents 20162016 20152015 NoteNote 88 -- OtherOther NonNon--CurrentCurrent AssetsAssets 20162016 20152015 CashNote On 5 -Hand Cash / andCOCI Cash Equivalents 43,926,6392016 34,028,4662015 OtherNote Funds 8 - Other and NonDeposits-Current Assets 3,972,4692016 4,890,0282015
CashCash OnOn HandHand // COCICOCI 43,926,63943,926,639 34,028,46634,028,466 OtherOther FundsFunds andand DepositsDeposits 3,972,4693,972,469 4,890,0284,890,028 PettyCash Cash On FundHand / COCI 43,926,63945,000 34,028,46645,000 DepositOther onFunds Returnable and Deposits Containers 3,972,46920,655 4,890,02820,655
PettyPetty CashCash FundFund 45,00045,000 45,00045,000 DepositDeposit onon ReturnableReturnable ContainersContainers 20,65520,655 20,65520,655 ChangePetty CashFund Fund 2,00045,000 2,00045,000 OtherDeposit Assets on Returnable Containers 7,151,31420,655 5,090,25220,655
ChangeChange FundFund 2,0002,000 2,0002,000 OtherOther AssetsAssets 7,151,3147,151,314 5,090,2525,090,252 CashChange in Banks/Coops Fund 171,428,3772,000 87,476,3442,000 MiscellaneousOther Assets Assets 113,2497,151,314 559,4175,090,252
CashCash inin Banks/CoopsBanks/Coops 171,428,377171,428,377 87,476,34487,476,344 MiscellaneousMiscellaneous AssetsAssets 113,249113,249 559,417559,417 CashTotal in Cash Banks/Coops & Cash Equivalents 215,402,017171,428,377 121,551,81087,476,344 MiscellaneousTotal Other Non Assets-Current Assets 11,257,687113,249 10,560,352559,417
TotalTotal CashCash && CashCash EquivalentsEquivalents 215,402,017215,402,017 121,551,810121,551,810 TotalTotal OtherOther NonNon--CurrentCurrent AssetsAssets 11,257,68711,257,687 10,560,35210,560,352 Total Cash & Cash Equivalents 215,402,017 121,551,810 Total Other Non-Current Assets 11,257,687 10,560,352
Note 4 - Loans and Receivables, Net 2016 2015 Note 9 - Deposit Liabilities 2016 2015
NoteNote 44 -- LoansLoans andand Receivables,Receivables, NetNet 20162016 20152015 NoteNote 99 -- DepositDeposit LiabilitiesLiabilities 20162016 20152015 Loans:Note 4 - Loans and Receivables, Net 2016 2015 SavingsNote 9 Deposits- Deposit-Regular Liabilities & Associate Members 266,031,6132016 179,449,8962015
Loans:Loans: SavingsSavings DepositsDeposits--RegularRegular && AssociateAssociate MembersMembers 266,031,613266,031,613 179,449,896179,449,896 L/RLoans: - Current 868,340,076 755,947,384 SavingsSavings Deposits Deposits-Baby-Regular Bank & Associate Members 11,067,751266,031,613 179,449,8969,529,258
L/RL/R -- CurrentCurrent 868,340,076868,340,076 755,947,384755,947,384 SavingsSavings DepositsDeposits--BabyBaby BankBank 11,067,75111,067,751 9,529,2589,529,258 L/RL/R - Past - Current-Due by Maturity 27,389,989868,340,076 12,669,884755,947,384 SavingsSavings Deposits Deposits-Mortuary-Baby Bank 1,374,17811,067,751 825,2539,529,258
L/RL/R -- PastPast--DueDue byby MaturityMaturity 27,389,98927,389,989 12,669,88412,669,884 SavingsSavings DepositsDeposits--MortuaryMortuary 1,374,1781,374,178 825,253825,253 L/RTotal - Past Loans-Due by Maturity 895,730,06527,389,989 768,617,26712,669,884 SavingsSavings Deposits Deposits-Retirement-Mortuary (Employees) 2,836,1101,374,178 2,497,018825,253
TotalTotal LoansLoans 895,730,065895,730,065 768,617,267768,617,267 SavingsSavings DepositsDeposits--RetirementRetirement (Employees)(Employees) 2,836,1102,836,110 2,497,0182,497,018 Less:Total Allowance Loans (55,119,744)895,730,065 (38,889,337)768,617,267 SavingsSavings Deposits Deposits-Retirement-Retirement (Employer) (Employees) 17,836,9742,836,110 13,579,8562,497,018
Less:Less: AllowanceAllowance (55,119,744)(55,119,744) (38,889,337)(38,889,337) SavingsSavings DepositsDeposits--RetirementRetirement (Employer)(Employer) 17,836,97417,836,974 13,579,85613,579,856 NetLess: Loan Allowance Receivables 840,610,321(55,119,744) 729,727,931(38,889,337) TimeSavings Deposits Deposits -Retirement (Employer) 175,403,27117,836,974 150,792,71013,579,856
NetNet LoanLoan ReceivablesReceivables 840,610,321840,610,321 729,727,931729,727,931 TimeTime DepositsDeposits 175,403,271175,403,271 150,792,710150,792,710 Receivables:Net Loan Receivables 840,610,321 729,727,931 TimeTotal Deposits Deposit Liabilities 474,549,897175,403,271 356,673,989150,792,710
Receivables:Receivables: TotalTotal DepositDeposit LiabilitiesLiabilities 474,549,897474,549,897 356,673,989356,673,989 Receivables: Total Deposit Liabilities 474,549,897 356,673,989 Adv. To Officers & Employees 1,341,815 1,426,774
Adv.Adv. ToTo OfficersOfficers && EmployeesEmployees 1,341,8151,341,815 1,426,7741,426,774 Recv.Adv. From To Officers Accountable & Employees Off. & Employees 1,536,5671,341,815 910,5881,426,774 Note 10 - Accrued Expenses and Other Payables 2016 2015
Recv.Recv. FromFrom AccountableAccountable Off.Off. && EmployeesEmployees 1,536,5671,536,567 910,588910,588 NoteNote 1010 -- AccruedAccrued ExpensesExpenses andand OtherOther PayablesPayables 20162016 20152015 AccountsRecv. From Receivables Accountable Off. & Employees 5,418,6901,536,567 7,018,178910,588 OtherNote Payables 10 - Accrued Expenses and Other Payables 10,701,5552016 4,832,3252015
AccountsAccounts ReceivablesReceivables 5,418,6905,418,690 7,018,1787,018,178 OtherOther PayablesPayables 10,701,55510,701,555 4,832,3254,832,325 OtherAccounts Receivables Receivables 52,119,0625,418,690 22,875,2927,018,178 AccruedOther PayablesExpenses 28,377,09610,701,555 17,441,0064,832,325
OtherOther ReceivablesReceivables 52,119,06252,119,062 22,875,29222,875,292 AccruedAccrued ExpensesExpenses 28,377,09628,377,096 17,441,00617,441,006 OtherTotal Receivables Receivables 60,416,13452,119,062 32,230,83222,875,292 AccountsAccrued Payable Expenses 15,933,51728,377,096 28,773,27117,441,006
TotalTotal ReceivablesReceivables 60,416,13460,416,134 32,230,83232,230,832 AccountsAccounts PayablePayable 15,933,51715,933,517 28,773,27128,773,271 Less:Total Allowance Receivables 60,416,134- 32,230,832- AccountsAccounts Payable Payable - WESU 15,933,51755,776 28,773,27149,142
Less:Less: AllowanceAllowance -- -- AccountsAccounts PayablePayable -- WESUWESU 55,77655,776 49,14249,142 Less: Allowance 60,416,134- - SSS,Accounts Philhealth, Payable Pag --IBIG WESU Contributions Payable 319,77255,776 335,89749,142 Net Receivables 32,230,832 60,416,13460,416,134 SSS,SSS, Philhealth,Philhealth, PagPag--IBIGIBIG ContributionsContributions PayablePayable 319,772319,772 335,897335,897 NetNetNet ReceivablesReceivables Loans and Receivables 901,026,45560,416,134 761,958,76332,230,83232,230,832 SSS/PagSSS, Philhealth,-IBIG Loans Pag Payable-IBIG Contributions Payable 164,456319,772 116,701335,897 Net Receivables 32,230,832
NetNet LoansLoans andand ReceivablesReceivables 901,026,455901,026,455 761,958,763761,958,763 SSS/PagSSS/Pag--IBIGIBIG LoansLoans PayablePayable 164,456164,456 116,701116,701 Net Loans and Receivables 901,026,455 761,958,763 SSS/Pag-IBIG Loans Payable 164,456 116,701 Withholding Tax Payable 786,671 156,639
WithholdingWithholding TaxTax PayablePayable 786,671786,671 156,639156,639 Note 5 - Inventories 2016 2015 WithholdingTotal Accrued Tax ExpensesPayable and Other Payables 56,338,843786,671 51,704,981156,639
NoteNote 55 -- InventoriesInventories 20162016 20152015 TotalTotal AccruedAccrued ExpensesExpenses andand OtherOther PayablesPayables 56,338,84356,338,843 51,704,98151,704,981 Note 5 - Inventories 2016 2015 Total Accrued Expenses and Other Payables 56,338,843 51,704,981 Cable Materials Inventory 3,508,189 5,876,781
CableCable MaterialsMaterials InventoryInventory 3,508,1893,508,189 5,876,7815,876,781 MerchandiseCable Materials Inventory Inventory 2,448,1733,508,189 1,670,6195,876,781
MerchandiseMerchandise InventoryInventory 2,448,1732,448,173 1,670,6191,670,619 MerchandiseTotal Inventories Inventory 5,956,3632,448,173 7,547,4001,670,619 Note 11 - Loans Payable 2016 2015
TotalTotal InventoriesInventories 5,956,3635,956,363 7,547,4007,547,400 NoteNote 1111 -- LoansLoans PayablePayable 20162016 20152015 Total Inventories 5,956,363 7,547,400 LBPNote Rediscounting 11 - Loans Payable 150,000,0002016 150,000,0002015
LBPLBP RediscountingRediscounting 150,000,000150,000,000 150,000,000150,000,000 Note 6 - Long-Term Investments 2016 2015 ChinaLBP Bank Rediscounting 150,000,000- 150,000,00068,472
NoteNote 66 -- LongLong--TermTerm InvestmentsInvestments 20162016 20152015 ChinaChina BankBank -- 68,47268,472 AFCCUINote 6 - Long-Term Investments 613,6322016 553,9362015 VICTOChina National/NATCCO Bank 411,765- 647,05968,472
AFCCUIAFCCUI 613,632613,632 553,936553,936 VICTOVICTO National/NATCCONational/NATCCO 411,765411,765 647,059647,059 CISPAFCCUI 478,992613,632 478,992553,936 NATCCOVICTO National/NATCCORediscounting 411,765- 749,676647,059
CISPCISP 478,992478,992 478,992478,992 NATCCONATCCO RediscountingRediscounting -- 749,676749,676 CLIMBSCISP 205,959478,992 205,959478,992 DANATCCO CARP Rice Rediscounting Mill 82,000- 82,000749,676
CLIMBSCLIMBS 205,959205,959 205,959205,959 DADA CARPCARP RiceRice MillMill 82,00082,000 82,00082,000 VICTOCLIMBS VCF 321,458205,959 313,159205,959 DADA CARP CARP Weighing Rice Mill Scale 21,00082,000 21,00082,000
VICTOVICTO VCFVCF 321,458321,458 313,159313,159 DADA CARPCARP WeighingWeighing ScaleScale 21,00021,000 21,00021,000 PVDCIVICTO VCF 7,000,000321,458 7,000,000313,159 DATotal CARP Loans Weighing Payable Scale 150,514,76521,000 151,568,20721,000
PVDCIPVDCI 7,000,0007,000,000 7,000,0007,000,000 TotalTotal LoansLoans PayablePayable 150,514,765150,514,765 151,568,207151,568,207 PVDCI 7,000,000 7,000,000 Total Loans Payable 150,514,765 151,568,207 NATCCO 1,683,446 1,683,446
NATCCONATCCO 1,683,4461,683,446 1,683,4461,683,446 NATCCONATCCO Preferred 1,916,9371,683,446 1,790,0661,683,446 Note 12 - Other Non-Current Liabilities 2016 2015
NATCCONATCCO PreferredPreferred 1,916,9371,916,937 1,790,0661,790,066 NoteNote 1212 -- OtherOther NonNon--CurrentCurrent LiabilitiesLiabilities 20162016 20152015 NATCCONATCCO Stabilization Preferred 566,0591,916,937 566,0591,790,066 SecurityNote 12 Deposits - Other Non-Current Liabilities 3,863,0482016 4,123,3002015
NATCCONATCCO StabilizationStabilization 566,059566,059 566,059566,059 SecuritySecurity DepositsDeposits 3,863,0483,863,048 4,123,3004,123,300 FONUSNATCCO Coop Stabilization Federation 3,632,799566,059 3,500,267566,059 LeaveSecurity Credits Deposits Fund 2,767,2893,863,048 2,937,7804,123,300
FONUSFONUS CoopCoop FederationFederation 3,632,7993,632,799 3,500,2673,500,267 LeaveLeave CreditsCredits FundFund 2,767,2892,767,289 2,937,7802,937,780 CooperativeFONUS Coop Health Federation Management Federation 3,632,79925,000 3,500,267- CollectionLeave Credits Fee Fund Fund 878,3902,767,289 878,3902,937,780
CooperativeCooperative HealthHealth ManagementManagement FederationFederation 25,00025,000 -- CollectionCollection FeeFee FundFund 878,390878,390 878,390878,390 VICTOCooperative National Health Management Federation 5,00025,000 5,000- MedicalCollection Fund Fee Fund 617,220878,390 567,454878,390
VICTOVICTO NationalNational 5,0005,000 5,0005,000 MedicalMedical FundFund 617,220617,220 567,454567,454 CapizVICTO Settlers National Coop Bank 3,500,0005,000 3,500,0005,000 NotarialMedical Fee Fund Fund 1,643,925617,220 1,189,264567,454
CapizCapiz SettlersSettlers CoopCoop BankBank 3,500,0003,500,000 3,500,0003,500,000 NotarialNotarial FeeFee FundFund 1,643,9251,643,925 1,189,2641,189,264 SanCapiz Miguel Settlers Corporation Coop Bank 1,000,0003,500,000 3,500,000- OtherNotarial Payables Fee Fund 1,770,2221,643,925 1,022,3431,189,264
SanSan MiguelMiguel CorporationCorporation 1,000,0001,000,000 -- OtherOther PayablesPayables 1,770,2221,770,222 1,022,3431,022,343 WesternSan Miguel Visayas Corporation Alliance of Cooperatives 100,0001,000,000 50,000- InsuranceOther Payables Fee Fund 9,011,7101,770,222 6,962,6711,022,343
WesternWestern VisayasVisayas AllianceAlliance ofof CooperativesCooperatives 100,000100,000 50,00050,000 InsuranceInsurance FeeFee FundFund 9,011,7109,011,710 6,962,6716,962,671 WesternTotal Long Visayas-Term Alliance Investments of Cooperatives 21,049,281100,000 19,646,88450,000 PromotionInsurance and Fee Publicity Fund Fund 9,011,7109,060 6,962,6719,060
TotalTotal LongLong--TermTerm InvestmentsInvestments 21,049,28121,049,281 19,646,88419,646,884 PromotionPromotion andand PublicityPublicity FundFund 9,0609,060 9,0609,060 Total Long-Term Investments 21,049,281 19,646,884 Promotion and Publicity Fund 9,060 9,060 Total Other Non-Current Liabilities 20,560,865 17,690,262
TotalTotal OtherOther NonNon--CurrentCurrent LiabilitiesLiabilities 20,560,86520,560,865 17,690,26217,690,262 Total Other Non-Current Liabilities 20,560,865 17,690,262 Note 7 - Property, Plant and Equipment, Net 2016 2015
NoteNote 77 -- Property,Property, PlantPlant andand Equipment,Equipment, NetNet 20162016 20152015 Costs:Note 7 - Property, Plant and Equipment, Net 2016 2015 Note 13 - Donations and Grants 2016 2015
Costs:Costs: NoteNote 1313 -- DonationsDonations andand GrantsGrants 20162016 20152015 LandCosts: and Land Improvements 16,248,873 16,248,872 PBSPNote Special13 - Donations Project and Grants 15,0002016 15,0002015
LandLand andand LandLand ImprovementsImprovements 16,248,87316,248,873 16,248,87216,248,872 PBSPPBSP SpecialSpecial ProjectProject 15,00015,000 15,00015,000 BuildingLand andand LandImprovements Improvements 11,278,78316,248,873 9,502,14716,248,872 EducationalPBSP Special Grants Project 15,000991 15,000991
BuildingBuilding andand ImprovementsImprovements 11,278,78311,278,783 9,502,1479,502,147 EducationalEducational GrantsGrants 991991 991991 Furniture,Building Fixtures and Improvements and Office Equipment 21,772,12211,278,783 19,468,2709,502,147 AwardsEducational and Winnings Grants 2,175,000991 2,175,000991
Furniture,Furniture, FixturesFixtures andand OfficeOffice EquipmentEquipment 21,772,12221,772,122 19,468,27019,468,270 AwardsAwards andand WinningsWinnings 2,175,0002,175,000 2,175,0002,175,000 TransportationFurniture, Fixtures Equipment/Boat and Office Equipment 9,556,17721,772,122 6,927,85619,468,270 AwardsTotal Donations and Winnings and Grants 2,190,9912,175,000 2,190,9912,175,000
TransportationTransportation Equipment/BoatEquipment/Boat 9,556,1779,556,177 6,927,8566,927,856 TotalTotal DonationsDonations andand GrantsGrants 2,190,9912,190,991 2,190,9912,190,991 Transportation Equipment/Boat 9,556,177 6,927,856 Total Donations and Grants 2,190,991 2,190,991 Leasehold Rights and Improvements 2,484,549 2,575,865
LeaseholdLeasehold RightsRights andand ImprovementsImprovements 2,484,5492,484,549 2,575,8652,575,865 CableLeasehold Equipment Rights and Improvements 62,455,0152,484,549 58,511,3392,575,865
CableCable EquipmentEquipment 62,455,01562,455,015 58,511,33958,511,339 FishingCable Materials Equipment 1,240,74562,455,015 1,046,32458,511,339 Note 14 - Optional Fund 2016 2015
FishingFishing MaterialsMaterials 1,240,7451,240,745 1,046,3241,046,324 NoteNote 1414 -- OptionalOptional FundFund 20162016 20152015 RadioFishing Communication Materials 1,240,74567,277 1,046,32467,277 LegalNote Fund 14 - Optional Fund 1,586,7082016 5,187,0612015
RadioRadio CommunicationCommunication 67,27767,277 67,27767,277 LegalLegal FundFund 1,586,7081,586,708 5,187,0615,187,061 CooperativeRadio Communication Development Cost 423,87867,277 405,26967,277 LandLegal and Fund Building Fund 1,586,7081,586,708 5,513,9215,187,061
CooperativeCooperative DevelopmentDevelopment CostCost 423,878423,878 405,269405,269 LandLand andand BuildingBuilding FundFund 1,586,7081,586,708 5,513,9215,513,921 ComputerizationCooperative Development Cost Cost 321,149423,878 652,885405,269 SocialLand Service and Building Fund Fund 1,586,7081,586,708 2,557,9895,513,921
ComputerizationComputerization CostCost 321,149321,149 652,885652,885 SocialSocial ServiceService FundFund 1,586,7081,586,708 2,557,9892,557,989 LocalComputerization Studio Equipment Cost 790,298321,149 722,198652,885 SocialTotal ServiceOptional Fund Fund 4,760,1241,586,708 13,258,9712,557,989
LocalLocal StudioStudio EquipmentEquipment 790,298790,298 722,198722,198 TotalTotal OptionalOptional FundFund 4,760,1244,760,124 13,258,97113,258,971 Local Studio Equipment 790,298 722,198 Total Optional Fund 4,760,124 13,258,971 Warehouse Improvements/Hand Pump 31,865 31,864
WarehouseWarehouse Improvements/HandImprovements/Hand PumpPump 31,86531,865 31,86431,864 Warehouse/QUEDANCORWarehouse Improvements/Hand Dryer Pump 650,00031,865 650,00031,864
Warehouse/QUEDANCORWarehouse/QUEDANCOR DryerDryer 650,000650,000 650,000650,000 WarehouseWarehouse/QUEDANCOR & Solar Dryer - DA Dryer 22,759650,000 22,759650,000 Reserve Fund 106,756,363 79,842,418
WarehouseWarehouse && SolarSolar DryerDryer -- DADA 22,75922,759 22,75922,759 ReserveReserve FundFund 106,756,363106,756,363 79,842,41879,842,418 SolarWarehouse Dryer - Naphire & Solar Dryer - DA 50,00022,759 50,00022,759 EducationReserve and Fund Training Fund 106,756,3636,945,286 5,285,15279,842,418
SolarSolar DryerDryer -- NaphireNaphire 50,00050,000 50,00050,000 EducationEducation andand TrainingTraining FundFund 6,945,2866,945,286 5,285,1525,285,152 SolarTotal Dryer Property, - Naphire Plant & Equipment 127,393,49050,000 116,882,92550,000 OptionalEducation Fund and Training Fund 17,466,5126,945,286 13,570,4185,285,152
TotalTotal Property,Property, PlantPlant && EquipmentEquipment 127,393,490127,393,490 116,882,925116,882,925 OptionalOptional FundFund 17,466,51217,466,512 13,570,41813,570,418 Less:Total Accumulated Property, Plant Depreciation & Equipment 44,915,110127,393,490 39,169,497116,882,925 CommunityOptional FundDevelopment Fund 10,078,66117,466,512 6,905,24613,570,418
Less:Less: AccumulatedAccumulated DepreciationDepreciation 44,915,11044,915,110 39,169,49739,169,497 CommunityCommunity DevelopmentDevelopment FundFund 10,078,66110,078,661 6,905,2466,905,246 NetLess: Carrying Accumulated Value Depreciation 82,478,38044,915,110 77,713,42839,169,497 CommunityTotal Statutory Development Funds Fund 141,246,82210,078,661 105,603,2346,905,246
Net Carrying Value 82,478,380 77,713,428 Total Total StatutoryStatutory FundsFunds 141,246,822141,246,822 105,603,234105,603,234 Net Carrying Value 82,478,380 77,713,428 Net Carrying Value 82,478,380 77,713,428 Total Statutory Funds 141,246,822 105,603,234
[58] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE PROPOSALS FOR 2017 REPRESENTATIVE ASSEMBLY
A. Election Committee 1. TERM OF OFFICE FOR ELECOM if there were two(2) vacancies 1.1 First Highest vote – 3 year term 1.2 Second Highest vote – 2 year term Reason: for stability and continuity of work and records (for transition)
2. ADDITIONAL NUMBER OF BOARD OF DIRECTORS 2.1 ONE (1) from each province if they are qualifi ed already except for the province of Antique Reason: To represent their province to the Body.
3. Amendments of Election Code: Section 29 – Appreciation of Ballots 3.1 ADDENDUM Section 2 – Appreciation of Ballots Presume every ballot to be valid unless there is a clear and valid reason to justify its rejection. In the selection of members of the Board of Directors and members of the Committee, every qualifi ed voter is allowed to write in the ballot names of candidates he/she would like to vote for without leaving any space in the ballot. For example, there are two vacancies in the CRECOM and therefore there are two blank spaces without writing any name, said ballot with one name only shall not be counted for that CRECOM candidate.
B. COLISAP COLISAP is a saving program to inculcate the habit of thrift and saving among the members and at the same time provide mutual aid plan as an expression of brotherly concern extended to the benefi ciaries upon the death of a member. It is open to all saving depositors who are in good health at the time of application and below 59 years and 6 months old. Proposal: Colisap 30K to increase to 40K Colisap 50K to increase to 60K With the additional of Php 10,000.00 for FONUS availment -For other provinces with no FONUS services, it shall be through an accredited funeral service provider.
C. Offi cership
To organize a Provincial Coordinating Committee (PCC) Representative for the provinces of Iloilo and Aklan.
. Each branch (with one year operation) must have one (1) representative appointed by the Board of Directors to compose the PCC and automatically become coordinator of the branch. . PCC will conduct its regular meeting at least quarterly with the rotation basis in attending the Board of Director’s meeting as scheduled.
D. Withdrawal of Coop Development Incentive Funds
Marketing has focused on the procurement of palay preferably produced by coop farmer-members. The NFA incentive – Coop Development Incentive Funds has amounted Php 51, 599.72 intended to be utilized to support farmers’ needs.
Proposal: Withdrawal of Coop Development Incentive Fund amounting to Php 51, 599.72.
2016 ANNUAL REPORT [59] [60] 2016 ANNUAL REPORT NATCCO 2017 ANNUAL PLANS
GOAL 1. To establish strong and quality membership base.
KRA OBJECTIVES STRATEGIES EXPECTED OUTPUT TIMEFRAME BUDGET PERSON NETWORK RESPONSIBLE 1. To intensify Membership Expansion At least 9,200 new regular members have Year-round MRDS membership Mobilizing barangay coordinators and hiring of been registered. campaign and marketing representative/personnel to focus campaign on Barbaza 1,100 increase regular unsaturated areas based on membership mapping. Culasi 600 membership by at Establish and intensify new linkages with government Sibalom 1,100 Year-round BM least 25% annually. agencies/offices San Jose 900 Assigned staff to monitor monthly-staff/officers quota, Balasan 1,000 Monthly MRDS annual plans and calendar of activities and Barotac Viejo 1,200 recommendations for action. Caticlan 900 One-member-recruit-one as criteria for MIGS. Molo 1,200 Year-round BM Implement rigidly conversion of CATV subscribers to Kalibo 1,200 Year-round Chief, CATV regular members Total 9,200 On-line membership and PMES using BMPC website. Second Quarter MS Quarterly BM Recognition of the highest recruiter during 1 Branch with membership target of at MES/OM/DA least 500 regular members 2nd Quarter GM/CEO Branch expansion in Sigma, Capiz 2. To develop sense of Membership Care Program Increased membership on Lemos, Year-round MRDS/BM ownership, In-depth education on membership care programs and Colisap, by 10% commitment and unity mortuary assistance programs during PMES and
among members so as membership meetings. members' loyalty, 2nd Quarter BOD Increase benefits of Colisap Program patronage, and MS Promotion thru distribution of fliers/brochures and nd satisfaction are 2 Quarter radio/TV announcements evident. MS Adopt general messaging technology easy delivery of Year-round information and personalized greetings
Identify and capacitate sales agents with competitive Sustained Coop Assurance Center Year-round CAC Representative incentive scheme.
Offer customized premiums for individual and collective individuals. MEMBERSHIP
Develop rewards system for performing agents and branch.
100% provision of members benefits & incentives Improved members’ benefits increased Year-round MRDS - Subsidized Health Care Program through membership satisfaction level. Philhealth Igroup Program - Adoption of Retirement/ Pension Plan - Servicing/Commodity Discount - Provision of Membership Loyalty Card - Affordable Health Insurance products made available to members Fonus Focal Persons Provision of incentives for Fonus clients
Promote FONUS services thru fliers and streamers. Increased patronage of 10% Year-round
Provision of scholarship assistance to deserving Sustained High School and College Year-round HR Associate dependent. Scholarship Program Maximize scholarship and educational sponsorship as liaison of other agencies. Effective services rendered. • Develop creative membership satisfaction survey tool Internal Auditor and conduct regularly. 3. To upgrade Implement member guardianship policy Additional MIGS per Branch: Year-round BM nd membership status of Adopt general messaging technology as effective means Branch 2017 2 Quarter MS members for delivery of information and reminders. Barbaza 980 Culasi 450 Members-In-Good- Sibalom 735 Standing (MIGS) San Jose 620 increased by 10% Balasan 470 annually. Btac Viejo 615 Caticlan 405 To upgrade Molo 535 members category Kalibo 210 correspondingly to Total 5,020 the number of years Segmentized Members in the coop by 20% Category 2017 Target annually. Silver 1,529 Gold 762 Diamond 416 st 4. To develop Production of modified Membership Forms and Complete updated member’s profile 1 quarter MRDS membership database Member’s Data Amendment Form which includes information fields compliant to CDA and CISA data requirements. nd 5. To develop Members' Entrepreneurial Development Program Members are engaged in enterprise 2 Quarter MRDS enterprise-driven Organization of technical working group (pool of supervised credit program. members. trainers) to initiate various skills and entrepreneurial At least 4 in-house entrepreneurial rd trainings. trainings conducted 3 Quarter GAD Committee Creation of BMPC Training Center under GAD with - Increased productivity loans on monthly conduct of entrepreneurial trainings for livelihood and business. different interest groups. Feature successful member’s recipient of Entrepreneurial Monthly Local Production Development Program on Coop channel or coop official print. Conduct Business Forum/Fora, participation in exhibit Quarterly MS/BM expo, trade fairs and other marketing initiatives.
GOAL 2. To enhance competence of officers and ensure leadership succession. BARBAZA MULTI-PURPOSE COOPERATIVE
1. To provide training Establish Officers Education and Training Program Competent and committed leaders with programs to enhance Conduct Officer’s Self-Evaluation as basis for Coop high sense of achievement. competence of officers. Officers Training (COT) Program. - Coop Officers Training (COT) 2nd Quarter HRDO Provision of Officer’s Tool Kit incorporated with Program formulated nd training records and training calendar. - Officers’ Tool Kit crafted 2 Quarter HRDO
Compliance to CDA required trainings and other - Enhanced KAS, improved values relevant seminars through in-house or local and and inspiration towards the Year-round HRDO international exposures. cooperative
Conduct of In-house seminar/workshop on Officer's nd 2016 ANNUAL REPORT [61 Portfolio with regular conduct of Officers’ performance 2 Quarter HRDO Highly motivated and confident officers
evaluation 2. To prepare qualified Exposure and involvement to varied coop activities ready to perform tasks As opportunity arises BOD members as potential
OFFICERS Formulation of term of reference of portfolio handlers. Upon assumption of successors to serve the Structured initiation program for new set of officers: Primary tasks and functions, duties and office BOD cooperative. - Re-organization Meeting responsibilities of Portfolio holders Within 10 days after - Comprehensive orientation session to include clarified OFFICERSHIP election BOD, Election Committee proper turning-over of responsibilities Area Coordinating Committee have Within 10 days after HRDO - Oath-Taking Ceremony been organized re-organization Organize coordinating committee in every branch Potential successors have been March BM following established qualifying criteria. identified January-February EdCom PROFIT Camp conducted and attended Conduct Prospective Officers Fitness Camp (PROFIT Camp) to all qualified and potential leaders. by 95% potential officers. ] [62] 2016 ANNUAL REPORT NATCCO Goal 3: To enhance competence and personal growth of staff and make our Coop a rewarding workplace. 1. To streamline the Creation of operational divisions under the Operational structure functioning 1st Quarter GM/CEO. BOD coop's operational General Manager/CEO, to wit: efficiently and effectively. structure. Chief Operation Officer Functions and responsibilities of each
Executive Assistant/Compliance Officer Operational unit are properly delineated NETWORK Accounting Division and established Human Resource Development Division Finance &Treasury Division CATV/Internet Division Loan Portfolio Quality Division Marketing Division - Hiring of Marketing Officer - Hiring of Membership Relation Specialists - Creation of Legal Division - Creation of Collection Division 2. To provide Capacity Building Program opportunities to Apprenticeship program Basic competencies for each position 1st Quarter HRDO enhance competence - Crafting of apprenticeship training module formulated and acquired and personal - Basic competencies requirement formulation advancement. Knowledge and skills inventory - Provision of training or study exposure. - Crafting of Employee’s Handbook Gaps have been identified and Mid-year and Year- HRDO, Branch Manager - Conduct of focus group discussion addressed through staff development End HRDO nd - Review of jobs descriptions for staff re- programs. 2 Quarter HRDO alignment Employees Handbook crafted and Quarterly HRDO nd distributed to staff and officers. 2 Quarter Institutionalization of Performance Appraisal System. - Online PAS incorporated in HRMax HRDO PAS implemented and institutionalized Mid-year and Year- end HR Associate Mentoring and coaching nd - Regular monthly branch/department meeting for 2 quarter feed backing and goal-setting. Improved staff performance with ideas HRDO, GM/CEO to make improvements and solve Year-round Establish and institutionalize Employees' Enrichment problems. Program: - Competitive salaries and benefits MANAGEMENT STAFF - Enhancement of the Rewards and Incentives Employee turnover is reduced and GM/CEO Schemes higher employee retention rate. Year-round - Yearly staff spiritual retreat, Team Building and Rest and Recreation - Local/international cooperative exposures 3. To establish and Adoption of Succession Plan policy. Succession Plan approved to support 1st Quarter BM, GM/CEO institutionalize Provision of opportunities to second liner to assume service continuity succession plan. functions and responsibility of first liner for a specific - Potential second-liners are period of time. identified on the basis of their competence, capabilities, and qualifications. 4. To maintain conducive Disaster Risk Reduction Program Functional In-House DRR Committee and safe workplace. Creation of In-House Disaster Risk Reduction organized. 2nd Quarter DRR Committee, BM Committee (Fire, Earthquake, Robbery, etc.) Staff aware of process of mitigation and Establish linkages to Government Agencies pertaining to enhanced disaster preparedness within the annual conduct of disaster preparedness trainings and the context of emergency planning and drills and checking functionality and maintenance of implementation. facilities and equipment. Functional alarm and security devices well maintained Implementation of Gawad AYOS Tanggapan Conducive, safe and secured office. HRDO, MS - Crafting of self-rating tool and OSH checklist of - Occupational health and safety in- Quarterly monitoring. place - Provision of complete First Aid Kit Promotion of a gender-friendly workplace Workplace is gender-sensitive Integration of Family Welfare Program incompliance to BM DOLE workplace requirement. Year-round HRDO 2nd Quarter
Goal 4: To deliver integrated and quality products and services. To increase Credit Services Enhancement Loan usage shifted to productive loans productive loans over from providential loans at 45:55 ratios. providential loans at • Credit policy review Credit policies reviewed and revised 1. st 40:60 ratio. Farmers' Association organized in each 1 Quarter Loan Portfolio Quality • Organization of farmers group in each Branch and Branch with programs in placed. Officer (LPQO) nd intensify BACAP loan thru provision of rebates and BACAP Loans increased 2 Quarter Agriculture Portfolio other agricultural support. Committee, MS, BM
6 Business training conducted in • Enhance Micro-Enterprise Development Assistance collaboration with DOLE & DTI Program (MEDAP) thru: Quarterly - Conduct in-house entrepreneurial training in Marketing Specialist, BM collaboration with GAs & NGAs - Establish tie-ups with various associations in granting MEDAP Loans To increase loan Productive Loans Target Loan Release Branch 2017 Year-round BM releases by 30% Intensify productive loans (MEDAP, BACAP) 2. annually with - Target potential associations engaged in micro- Barbaza 240,000,000.00 productive loans at enterprising and large-scale businesses in Culasi 160,000,000.00 55% and providential granting MEDAP Loans. Sibalom 170 ,000,000.00 loans at 45% ratio. - Intensify MEDAP Loans through customized San Jose 210,000,000.00 business opportunities. Balasan 250,000,000.00 nd Organize Local Farmers Association in partnership with Btc. Viejo 440,000,000.00 2 Quarter MS, BM LGU's, GA's and Private Agencies for financial Caticlan 120,000,000.00 BARBAZA MULTI-PURPOSE COOPERATIVE assistance on farm related inputs and facilities. Molo 310,000,000.00 LENDING PROGRAM - Hiring of technical person to handle programs Kalibo 130,000,000.00 on agriculture programs and livelihood TOTAL 2,030,000,000.00 projects. Providential Loans st Increase loan ceiling on secured loan to 300K for Salary 1 Quarter LPQO, BM loaners. st Increase of Pension Loan ceiling to 100k for qualified 1 Quarter LPQO, BM loaners 2016 ANNUAL REPORT [63 Increased collection • Intensify collection efforts through collectors & Increased collection by 20% over Year-round BM performance coordinators by providing training on collection previous month. 3. techniques/strategies and competitive incentives. Systematic and timely delivery of notices to concerns delinquent borrowers. Year-round BM
Apply other approaches on problematic account. Amicable settles (MCC) As need arises LPQO Small Claims Garnishment Filing of civil case Civil Service complaint, etc. ]
64 ] ] [ 2016 ANNUAL REPORT ANNUAL 2016
DEPOSIT CABLE TV & INTERNET GENERATION
5. 4. 2. 1. schemes. mobilization efficient and effective thru 130M of deposit additional To generate
condition at all times all at condition running in vehicle service CATV keep To digital to analog from System To upgrade CATV subscribers active of 95% least at To maintain/retain Services. Internet CATV and Digital of patronage increase To
Intensifying Savings Mobilization Program Mobilization Savings Intensifying • • • • • • •
vehicles on monthly diagnostic service CATV for mechanic vehicle Commissioned Offer rewards for loyal subscribers. disconnected subscribers of deposits security and dividends of Offsetting system billing of automated Installation com receive to channel as, well as proof like testimonials,announcements and recognitions, Create social media account to utilize for positive social To sign from analog and KU to digital system. KU to digital and analog from conversion voluntary for promos and discounts Provide To deve
P production of promotional materials. of promotional production Intensify promotional eff Intensify ESOF Program for OFW Families and Initiation Aflatoun Savings Program. Savings Aflatoun Pro Directing government funds on SustainableLivelihood depositors. potential of Tracking Mandatory crediting loan proceeds to savings account to savings proceeds loan crediting Mandatory Savings. Area saturation and expansion of operation. The Upgrad promodizers. by through house Amplify marketing efforts with marketing materials Offer subscription promos and flexible packages rovision of Incentives for savings generation. savings for Incentives of rovision deployment of marketing represent grams (SLP) and other stand other and (SLP) grams - Home Technology. Home - lop new affordable and flexible packages. flexible and affordable new lop off analog system from CATV services.
ing of facilities by installation with Fiber
of Laboratory Cooperative highlighting on on highlighting Cooperative Laboratory of
- to - house campaign and increase visibility visibility and increase campaign house
orts through raffle promo and and raffle promo through orts
and maintenance. and -
ments and feedbacks. by funds at BMPC
atives/
-
To -
Additional CATVSubscribers: System Digital to Analog of conversion Total Additional Internet Subscription Additional SD/TD generated:
Bugasong Bugasong Laua Barbaza 100 Branch 2017 vehiclesapproved and implemented. CATV all of schedule Maintenance subscribers. Increased satisfaction rate of Patnongon 5 Bugasong 43 Laua Barbaza 40 Branch 2017 Hamtic 796 Remigio San 100 Sibalom 478 Jose San 400 Belison 40 Patnongon 139 Hamtic 100 Remigio San 50 Sibalom 100 Jose San 100 Belison 15 Total Total Total Total Barbaza Culasi Culasi San JoseSan Sibalom Balasan Btac Viejo Molo Molo Caticlan Kalibo Kalibo -
- - an 100 an an 40 acquired Automatedsystem billing
10,000,000.00 10,000,000.00
116,000.000.00 116,000.000.00 27,000,000.00 27,000,000.00
12,000,000.00 12,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 12,000,000.00 15,000,000.00 15,000,000.00 8,000,000.0
2,261 2,261 122 1
0
1 Year Year Year 1 June 2017 2 2 nd nd st st
Quarter Quarter Quarter Quarter - - - round round round
Accounting Division Accounting Chief, CATV MS Chief, CATV Chief, CATV BM Chief, CATV Chief, CATV
NATCCO NETWORK
65 ] [ 2016 ANNUAL REPORT ANNUAL 2016 GOAL 5. To improve coop performance based on COOP COOP STANDARDS OTHER BUSINESS 2. 1. 3. 2. 1. 5.
4.
standards. COOP on based coop the of weaknesses and strength the determine To and training resort service, water pharmacy,as such business opportunities other to engaging feasibilitystudies on To undertake at Portfolio To reduce annually. 10% refillingstation by gas of volume To increase sales annually Branch per 100 least at ATMcardholders by Coop To increase for To procure rice/palay peso loan to 0.16 reducingcost per by Efficiency - Risk to 5% or less. buffer stock. buffer
center.
-
•
• •
Benefit Expense Benefit Classifying expense related to members as Members Creation of Collection of Creation rebates of provision for Scheme ATM card other to charges Convenience card Mandatory facilities. and equipment Expansion of BACAP services by providing agricultural To intensify palay buying and engage in warehousing Palay collect Committee Investment and Expansion of Business Portfolio by cre services. water on Establish partnership/linkaging with government agencies survey. market conducting by opportunities Undertake feasibility study f review non of Conduct Maintain market tie Provide service vehicles for delivery for vehicles service Provide Conduct of GAP of Analysis Conduct notices. Sustained and rigid imp association or groups transport with arrangement Promotional Business arrangement with key patrons. analysis. operation and on supervision focus to Manager Station To assign Adopt Final demand notice issued by legal counsel Monitor collection rate of collectors. of rate collection Monitor benefit scheme. benefit and commission contract, collector’s of Review - -
security. PISO PESOS and
Laboratory Cooperative Laboratory Gender Integration Gender . requirement
ions from BACAP loaners BACAP from ions
-
PESOS standards.
- up with NFA and other suppliers.
- and Legal and earning investments. lementation of lementation for new l
rating
or other business business other or .
oan releasewith ATM Department
of bulk orders. bulk of collection collection ating a Business a ating
transactions
.
COOP Standa COOP •
Barbaza Molo 2.00% ≤ Kalibo 2.00% ≤ Total Caticlan 3.00% Barotac Viejo 4.50% ≤0.5M Balasan 4.25% ≤0.5M San Jose 10.50% ≤3.5M Culasi 10.50% ≤2.0M Sibalom Sibalom Improved collection rate. counsel. Contract established with retainer legal per volume of business will also be reduced Administrative cost Maint bal decreased on PAR amount by 15%, PAR withDecreased a to 7% PAR from8%
•
ance at the end of the year: year: the of end the at ance 100 perBranch 1,500bags permonth Palay minimized Delinquency on BACAPLoan related activities. committee Farmer’s Group organized with ad hoc developedand implemented. are strategies and plan Investment - Caticlan: - Balasan:
ained cost per peso loan to 0.14
Key Accounts:10 Key Accounts:12 inventory level rds are satisfactorily complied. 1,760 2,08 . engaged in agricultural agricultural in engaged
0,000L/ year 6.40% 6.40% 8.50% 8.50% ,000L/y
PAR BALANCE and P and
. ISOIndicator cost maintained
ear
≤ ≤1.2M ≤2.0M
0.2M
0.2M 0.2M
. at at
.
1 Quarterly 1 Year Year Opportunity arises Opportunity arises 1 Year st st st
Quarter Quarter Quarter - - - round round Round
LPQO, BM LPQO, GAD Committee Division Accounting GM/CEO, BM BM BOD GM/CEO GM/CEO Accounting Accounting Division Accounting
Division
BARBAZA MULTI-PURPOSE COOPERATIVE MULTI-PURPOSE BARBAZA [66 4. Stability by • Intensive collection effort of past due loans • Increased net institutional capital ratio from Year-round BM, LPQO NATCCO
] 2016 ANNUAL REPORT increasing net • Provision of additional P2.2M allowance on probable 7.89% to 9% institutional capital losses on the year 1 for receivables 1-12 months • Sufficiency of provision for probable losses. ratio to 10% • Reduce past due loans by 25% yearly. Receivables to total asset ratio is within the
standard NETWORK 5. To generate Continue dividend plowback policy. Generate Share Capital Year-round Branch Manager additional common Increase loan retention of 50/50 sharing to 30k capital Barbaza 11,500,000.00 share capital from and at least 200.00 to share capital for 50k and above. Culasi 7,300,000.00 members. To sell treasury shares at lower selling rate. Sibalom 9,500,000.00 Increase benefits and privileges of big shareholders. San Jose 12,000,000.00 Encouraging existing members for additional share Balasan 10,000,000.00 capital Barotac Viejo 12,500,000.00 Monitor and encourage compliance on term of Caticlan 6,200,000.00 members' subscription. Molo 12,500,000.00 Kalibo 8,500,000.00 Quarterly MRDS, Membership Issuance of share certificate to fully paid subscription Specialist (Branch) per branch. Total 90,000,000.00 6. To improve stability Maintain credit line with financial institutions for • External borrowing gradually decreasing. As need arises GM/CEO, BOD of operations by advantageous terms and conditions. • Solvency of the cooperative is within reducing external standards. borrowings 7. To improve asset Amortization of uncollectible receivables • Cleansing of asset accounts approved and Year-round Accounting Division st quality by reducing Retirement of fixed assets that are fully depreciated implemented 1 Quarter non-earning asset to and unusable. • Asset quality ratio decreased to 5% 5% or less
GOAL 6. To establish a strong support system. st To organize a Establish criteria in identifying members of Training Training and Development Team capable to 1 Quarter EdCom, MRDS Training and and Development Team with defined tasks and implement the coop education program 1. Development Team functions. that will enhance - Capacitate T&D Team to conduct in-house knowledge and skills training. of officers, staff, and - Accreditation of Trainers with CDA through coordinators AFCCUI. st To capacitate Qualification criteria for Area/Barangay Coordinators Area Coordinating Committee capable to 1 Quarter EdCom, MRDS
barangay Redefine job description and targets. conduct PMES, Topics on OM, and assist 2. coordinators to Capability enhancement thru trainings and other coordinators in the area to perform their effectively and Conduct of performance evaluation tasks and functions. efficiently functional. To improve system Designate point-person for documentation, data Point-person in each branch have been Year-round MRDS on Documentation banking, member's profiling and reporting. designated 3. and data banking. Guidelines and templates have been
SUPPORT SYSTEMS provided to each branch
GOAL 7. To enhance and strengthen coop's advocacy programs. To provide continuing Provision of Health Programs Institutionalized Health and Wellness
health services to Institutionalization of Health and Wellness Program Program As schedule GM/CEO, HRDO constituents. - Scheduled medical and dental missions - Provide aid on nutrition programs against malnourishment. Branch Anniversary BM Coop Blood Bank - Establish partnership with NRC on annual blood- letting drive Year-round CAC Specialist • Introduction of Health Insurance to members PROGRAM ADVOCACY ADVOCACY To provide educational Educational Program Social and Livelihood Programs and livelihood Coop Scholarship Program supervised and implemented 2nd Quarter HR Associate opportunities to deserving - Degree on Agriculture and Fisheries and qualified constituents Special Program for Employment of Students Livelihood Opportunities 1st Quarter HR Associate Conduct of business forum to identify: - To identify business opportunities and create MRDS output for trainings Quarterly - To identify coop assisted services • Monitor members business and provide technical help. Year-round MS To establish BMPC Creation of Housing Program Task Force BMPC Conceptual Framework Designated Staff Housing Program Identification of potential lot. implemented conceptual framework Crafting of Housing Program guidelines. To sustain high quality • Sustained quality teaching methodology and Renowned quality standard learning School year 2016-2017 BMPC Teachers standard of Pre-school curriculum and complete learning facilities. institution provider. education of BMPC Learning Center. To develop and Gender and Development Program Advocacy programs and projects Quarterly GAD Committee implement programs and Livelihood project for women implemented, supervised and projects for the actively participated by sectors advancement of coop's concerned. advocacy agenda. Youth and Development Program Sustained Coop youth programs Year-round Youth Committee, Kabarko Leadership Training through Summer Camp Creation of Laboratory Cooperative 2nd Quarter Environmental Care Program Well-informed members Quarterly BM Solid waste management Tree-growing Organic Farming Shoreline Clean-up Disaster Risk Reduction Program 2nd Quarter DDR Committee, BM Safety Drills
BARBAZA MULTI-PURPOSE COOPERATIVE GOAL 8. To establish and enhance BMPC's identity in its areas of coverage. 1. To maintain and Provision of well-maintained and well-equipped office. Well-maintained, well-equipped and Year-round BM improve physical plant To develop maintenance checklist beautified branch offices and and facilities. Banking of CCTV recordings premises thru maintenance of potted Provision of vending machine and compliments. ornamental plants
(water/juice) Putting up of coop kiosk in malls and other establishments 2. To promote BMPC's Website improvement Electronic facilities used to boost Year-round MS
2016 ANNUAL REPORT [67 identity thru electronic On-going production of info materials such as coop identity. and print media tarpaulin posters and brochures.
3. To enhance BMPC's Singing of coop theme song and reciting of coop The general public recognized BM organizational culture. pledge in opening activity. BMPC thru its theme song, logo, and Wearing of appropriate office uniform office uniform. Affixing coop logo in all communication media. 4. To explore acquisition Create the ISO Task Force to plan for the Continue accomplishing ISO GM/CEO
PUBLIC IMAGE of ISO certification. acquisition of ISO Certification. requirements. 5. To participate in Prepare the basic requirements of the BMPC such as Participate in CDA Gawad Parangal If qualified GM/CEO, Accounting regional and national BIR CTE, etc. in order to be qualified. Division, HRDO contest for
] cooperatives.
[68] 2016 ANNUAL REPORT NATCCO
PROPOSED BUDGET FOR THE YEAR 2017
PROPOSED(With Comparative BUDGET figures FOR of THE 2016) YEAR 2017 NETWORK (With ComparativeCREDIT DIVISION figures of 2016) PROPOSED 2016 ACTUAL PROPOSED 2017 Per Branch REVENUES Consolidated 2016 Consolidated Head Office CREDITBarbaza DIVISIONCulasi Sibalom San Jose Balasan Barotac Viejo Caticlan Molo Kalibo Interest income from loans 126,070,703.49 116,377,592.41 137,997,407.97 19,374,560.66 13,073,756.92 14,171,608.54 16,123,660.70 15,510,567.48 26,240,068.24 7,387,983.78 16,455,027.60 9,660,174.05 Service fees PROPOSED 28,275,000.00 2016 ACTUAL 24,603,704.08 PROPOSED 32,480,000.00 2017 3,840,000.00 2,560,000.00 2,720,000.00 3,360,000.00Per Branch 4,000,000.00 7,040,000.00 1,920,000.00 4,960,000.00 2,080,000.00 Fines, Penalties andREVENUES Surcharges Consolidated 9,314,682.09 20168,108,820.96 Consolidated 11,682,930.35 Head Office Barbaza 1,814,932.33 Culasi 1,708,540.83 Sibalom 1,419,071.54 San 2,085,812.03 Jose Balasan 1,229,925.32 Barotac 1,394,301.42 Viejo Caticlan 1,191,253.52 Molo 736,460.64 Kalibo 102,632.70 InterestFiling fees income from loans 126,070,703.49 1,342,059.61 116,377,592.41 1,142,031.00 137,997,407.97 1,367,660.00 19,374,560.66 240,000.00 13,073,756.92 120,000.00 14,171,608.54 170,000.00 16,123,660.70 165,780.00 15,510,567.48 129,300.00 26,240,068.24 227,580.00 7,387,983.78 90,000.00 16,455,027.60 150,000.00 9,660,174.05 75,000.00 Income from bank deposit 226,682.62 785,888.31 388,266.03 388,266.03 - - Service fees 28,275,000.00 24,603,704.08 32,480,000.00 3,840,000.00 2,560,000.00 2,720,000.00 3,360,000.00 4,000,000.00 7,040,000.00 1,920,000.00 4,960,000.00 2,080,000.00 Income/Interest from Investment 563,435.68 340,106.36 585,773.75 569,726.36 12,238.79 3,808.61 Fines,Membership Penalties fees and Surcharges 9,314,682.09 579,800.00 8,108,820.96 403,545.00 11,682,930.35 506,000.00 1,814,932.33 60,500.00 1,708,540.83 33,000.00 1,419,071.54 60,500.00 2,085,812.03 49,500.00 1,229,925.32 55,000.00 1,394,301.42 66,000.00 1,191,253.52 49,500.00 736,460.64 66,000.00 102,632.70 66,000.00 FilingMisc./other fees inc.(mgt./inter-prog/w.fees) 34,824,731.27 1,342,059.61 39,399,697.33 1,142,031.00 38,687,383.80 1,367,660.00 29,205,700.70 4,424,099.13 240,000.00 1,871,601.38 120,000.00 170,000.00 309,834.05 2,042,198.77 165,780.00 129,300.00 110,281.74 227,580.00 253,317.25 124,983.80 90,000.00 150,000.00 235,663.54 109,703.43 75,000.00 IncomeGROSS from REVENUES bank deposit 201,197,094.77 226,682.62 191,161,385.45 785,888.31 223,695,421.91 388,266.03 30,163,693.09 388,266.03 29,754,092.12 19,366,899.14 18,851,014.13 23,826,951.50 21,047,313.33 - 35,225,075.52 - 10,763,721.10 22,603,151.79 12,093,510.18 Income/InterestLess: EXPENSES from Investment 563,435.68 340,106.36 585,773.75 569,726.36 12,238.79 3,808.61 Membership Financing Costs: fees 579,800.00 403,545.00 506,000.00 60,500.00 33,000.00 60,500.00 49,500.00 55,000.00 66,000.00 49,500.00 66,000.00 66,000.00 Misc./otherInterest expense inc.(mgt./inter-prog/w.fees) on Deposits 34,824,731.27 15,389,646.07 39,399,697.33 16,660,348.08 38,687,383.80 19,142,114.83 29,205,700.70 4,424,099.13 6,442,141.68 1,871,601.38 3,049,319.40 1,852,617.83 309,834.05 2,042,198.77 3,485,108.44 110,281.74 923,900.95 1,047,540.06 253,317.25 124,983.80 283,318.98 1,016,475.31 235,663.54 1,041,692.16 109,703.43 Interest expense on Borrowings 30,757,203.94 30,891,742.67 32,138,670.69 16,449,090.89 - - - - 3,050,809.88 6,328,654.47 1,469,728.71 3,630,394.65 1,209,992.08 GROSSOther Charges REVENUES on Borrowings 201,197,094.77 - 191,161,385.45 223,695,421.91 30,163,693.09 29,754,092.12 19,366,899.14 18,851,014.13 23,826,951.50 21,047,313.33 35,225,075.52 10,763,721.10 22,603,151.79 12,093,510.18 Less: Total EXPENSES Financing Cost 46,146,850.01 47,552,090.75 51,280,785.51 16,449,090.89 6,442,141.68 3,049,319.40 1,852,617.83 3,485,108.44 3,974,710.83 7,376,194.54 1,753,047.70 4,646,869.97 2,251,684.24 AdministrativeFinancing Costs: Cost Salaries & Wages 16,861,610.49 14,894,701.02 18,982,972.10 6,049,838.90 2,461,483.70 1,403,138.10 1,439,960.60 1,655,941.30 1,135,605.90 1,163,992.70 1,176,847.10 1,467,142.30 1,029,021.50 Interest expense on Deposits 15,389,646.07 16,660,348.08 19,142,114.83 6,442,141.68 3,049,319.40 1,852,617.83 3,485,108.44 923,900.95 1,047,540.06 283,318.98 1,016,475.31 1,041,692.16 Employees Benefits 14,453,302.87 10,826,109.92 14,047,169.87 4,082,366.88 1,760,140.97 1,015,991.18 1,167,242.29 1,245,790.42 894,104.82 930,357.80 956,472.87 1,122,534.98 872,167.67 InterestSSS/ECC/Philhealth/Pag-ibig expense on Borrowings Cont. 30,757,203.94 1,339,721.60 30,891,742.67 1,178,573.10 32,138,670.69 1,497,179.20 16,449,090.89 433,102.00 196,328.40 - 109,375.20 - 123,229.20 - 132,464.40 - 3,050,809.88 89,178.00 6,328,654.47 100,839.60 1,469,728.71 103,880.40 3,630,394.65 122,811.60 1,209,992.08 85,970.40 OtherRetirement Charges Benefits on Expense Borrowings 4,209,486.73 - 3,680,011.83 4,473,908.44 603,273.86 595,081.84 387,337.98 377,020.28 476,539.03 420,946.27 704,501.51 215,274.42 452,063.04 241,870.20 Officers Total HonorariumFinancing and Cost Allowances 46,146,850.01 786,854.64 47,552,090.75 475,028.65 51,280,785.51 648,492.75 16,449,090.89 50,000.00 6,442,141.68 94,702.58 3,049,319.40 65,377.23 1,852,617.83 66,333.11 3,485,108.44 59,925.19 3,974,710.83 72,005.43 7,376,194.54 88,979.12 1,753,047.70 49,524.63 4,646,869.97 65,101.88 2,251,684.24 36,543.59 Travel & Transportation 884,924.94 1,081,584.79 1,559,263.40 420,103.40 94,221.71 102,804.36 83,964.89 116,301.29 152,937.53 123,407.23 222,972.49 127,965.59 114,584.91 Administrative Cost Representation Allowances 243,000.00 168,395.90 205,000.00 110,000.00 10,000.00 5,000.00 5,000.00 10,000.00 15,000.00 5,000.00 15,000.00 15,000.00 15,000.00 SalariesOffice Rental & Wages 16,861,610.49 1,914,330.00 14,894,701.02 1,902,703.30 18,982,972.10 2,074,622.00 6,049,838.90 - 2,461,483.70 26,400.00 1,403,138.10 113,652.00 1,439,960.60 537,600.00 1,655,941.30 - 1,135,605.90 315,390.00 1,163,992.70 207,500.00 1,176,847.10 60,000.00 1,467,142.30 322,560.00 1,029,021.50 491,520.00 EmployeesMeetings & Conferences Benefits 14,453,302.87 1,972,925.26 10,826,109.92 2,023,958.70 14,047,169.87 1,995,632.80 4,082,366.88 50,000.00 1,760,140.97 296,810.93 1,015,991.18 213,968.86 1,167,242.29 217,097.28 1,245,790.42 196,125.25 894,104.82 235,661.85 930,357.80 291,213.93 956,472.87 162,085.92 1,122,534.98 213,067.67 872,167.67 119,601.12 SSS/ECC/Philhealth/Pag-ibigOffice Supplies Cont. 1,339,721.60 986,877.39 1,178,573.10 1,398,236.38 1,497,179.20 1,483,000.00 433,102.00 80,000.00 196,328.40 220,000.00 109,375.20 125,000.00 123,229.20 157,000.00 132,464.40 179,000.00 163,000.00 89,178.00 100,839.60 171,000.00 103,880.40 130,000.00 122,811.60 128,000.00 130,000.00 85,970.40 RetirementPower, Light &Benefits Water Expense 4,209,486.73 2,194,797.78 3,680,011.83 1,628,911.03 4,473,908.44 1,818,285.70 603,273.86 108,307.33 595,081.84 415,342.71 387,337.98 115,810.49 377,020.28 136,369.67 476,539.03 332,225.23 420,946.27 85,191.46 704,501.51 121,015.00 215,274.42 124,760.31 452,063.04 253,626.76 241,870.20 125,636.74 Provision for Probable Losses on Loans 15,500,000.00 15,499,999.92 15,365,000.00 - 878,000.00 500,000.00 994,000.00 500,000.00 1,549,000.00 3,434,000.00 3,440,000.00 3,852,000.00 218,000.00 OfficersRepairs and Honorarium Maintenance and Allowances 786,854.64 699,600.00 475,028.65 628,334.87 648,492.75 654,000.00 100,000.00 50,000.00 105,000.00 94,702.58 65,377.23 45,000.00 66,333.11 87,000.00 59,925.19 60,000.00 72,005.43 65,000.00 88,979.12 67,000.00 49,524.63 15,000.00 65,101.88 65,000.00 36,543.59 45,000.00 TravelProfesional & Transportation Fees 884,924.94 161,000.00 1,081,584.79 174,760.00 1,559,263.40 200,000.00 420,103.40 94,221.71 42,327.07 102,804.36 17,532.11 83,964.89 29,647.41 116,301.29 26,783.41 152,937.53 19,309.58 123,407.23 23,861.39 222,972.49 13,280.94 127,965.59 17,458.27 114,584.91 9,799.84 RepresentationGeneral Assembly AllowancesMeeting Expense 1,521,120.42 243,000.00 1,417,943.97 168,395.90 1,228,100.00 205,000.00 110,000.00 - 259,909.35 10,000.00 107,655.91 5,000.00 182,049.90 5,000.00 164,463.51 10,000.00 118,570.48 15,000.00 146,520.86 5,000.00 15,000.00 81,551.62 107,202.48 15,000.00 15,000.00 60,175.90 OfficeMarketing Rental Expense 1,914,330.00 63,024.00 1,902,703.30 30,300.00 2,074,622.00 110,000.00 - - 26,400.00 23,279.89 113,652.00 9,642.66 537,600.00 16,306.07 14,730.87 - 315,390.00 10,620.27 207,500.00 13,123.76 60,000.00 7,304.52 322,560.00 9,602.05 491,520.00 5,389.91 Communication Expense 1,378,384.42 963,787.02 1,251,540.00 242,520.00 170,336.23 105,124.05 125,460.57 111,952.92 90,885.30 115,328.91 98,005.23 102,043.23 89,883.55 Meetings & Conferences 1,972,925.26 2,023,958.70 1,995,632.80 50,000.00 296,810.93 213,968.86 217,097.28 196,125.25 235,661.85 291,213.93 162,085.92 213,067.67 119,601.12 Insurance 331,476.01 307,768.41 331,476.01 65,000.00 37,337.62 28,867.60 28,420.20 40,004.59 33,399.58 42,671.56 16,675.15 31,098.80 8,000.92 OfficeTaxes &Supplies Licenses 986,877.39 414,000.00 1,398,236.38 123,214.54 1,483,000.00 497,000.00 80,000.00 50,000.00 220,000.00 6,000.00 125,000.00 9,500.00 157,000.00 3,000.00 179,000.00 390,000.00 163,000.00 5,000.00 171,000.00 4,500.00 130,000.00 13,000.00 128,000.00 10,000.00 130,000.00 6,000.00 Power,Collection Light Expense/Litigation & Water Expense 2,194,797.78 2,696,860.00 1,628,911.03 1,702,071.71 1,818,285.70 3,142,696.00 108,307.33 - 415,342.71 603,872.00 115,810.49 387,392.00 136,369.67 534,680.00 332,225.23 356,272.00 259,520.00 85,191.46 121,015.00 344,140.00 124,760.31 224,420.00 253,626.76 227,880.00 125,636.74 204,520.00 ProvisionGas, Oil and for Lubricants Probable Losses on Loans 15,500,000.00 448,903.36 15,499,999.92 231,534.69 15,365,000.00 796,800.00 282,000.00 - 878,000.00 112,200.00 500,000.00 39,600.00 994,000.00 39,600.00 500,000.00 52,800.00 1,549,000.00 52,800.00 3,434,000.00 66,000.00 3,440,000.00 39,600.00 3,852,000.00 66,000.00 218,000.00 46,200.00 RepairsAffiliation andFees Maintenance 699,600.00 91,642.00 628,334.87 78,494.00 654,000.00 199,383.00 100,000.00 30,000.00 105,000.00 50,343.00 45,000.00 18,300.00 87,000.00 21,231.00 60,000.00 19,677.00 65,000.00 15,150.00 67,000.00 18,603.00 15,000.00 8,382.00 65,000.00 11,142.00 45,000.00 6,555.00 Members benefits expense 2,011,970.95 1,925,653.31 2,236,954.22 301,636.93 297,540.92 193,668.99 188,510.14 238,269.52 210,473.13 352,250.76 107,637.21 226,031.52 120,935.10 Profesional Fees 161,000.00 174,760.00 200,000.00 42,327.07 17,532.11 29,647.41 26,783.41 19,309.58 23,861.39 13,280.94 17,458.27 9,799.84 General support services 5,138,954.00 3,920,003.61 4,216,770.00 447,300.00 532,506.00 567,118.25 271,002.88 264,114.88 360,992.00 532,072.00 258,032.00 355,992.00 627,640.00 GeneralDepreciation Assembly and Amortization Meeting Expense 1,521,120.42 5,280,935.65 1,417,943.97 4,655,107.52 1,228,100.00 5,211,272.45 645,724.93 - 259,909.35 963,594.61 107,655.91 445,322.51 182,049.90 511,661.51 164,463.51 180,374.16 118,570.48 170,698.98 146,520.86 491,697.86 371,525.99 81,551.62 107,202.48 659,440.66 771,231.26 60,175.90 MarketingMisc. Expense Expense (incl. bank charges) 3,850,170.54 63,024.00 3,624,079.70 30,300.00 4,570,634.58 110,000.00 308,000.00 - 651,081.84 23,279.89 429,337.98 9,642.66 418,020.28 16,306.07 522,539.03 14,730.87 461,946.27 10,620.27 747,501.51 13,123.76 256,274.42 7,304.52 493,063.04 9,602.05 282,870.20 5,389.91 Communication Total administrative Expense Cost 85,435,873.05 1,378,384.42 74,541,267.89 963,787.02 88,797,152.52 1,251,540.00 14,459,174.23 242,520.00 10,903,841.35 170,336.23 6,561,517.45 105,124.05 7,761,407.27 125,460.57 7,346,293.99 111,952.92 7,002,386.85 90,885.30 10,307,078.50 115,328.91 8,167,507.22 98,005.23 10,523,827.84 102,043.23 5,764,117.82 89,883.55 InsuranceTOTAL OPERATING EXPENSES 131,582,723.06 331,476.01 122,093,358.64 307,768.41 140,077,938.03 331,476.01 30,908,265.12 65,000.00 17,345,983.03 37,337.62 9,610,836.86 28,867.60 9,614,025.11 28,420.20 10,831,402.43 40,004.59 10,977,097.68 33,399.58 17,683,273.04 42,671.56 9,920,554.92 16,675.15 15,170,697.80 31,098.80 8,015,802.06 8,000.92 TaxesNET SURPLUS & Licenses 69,614,371.71 414,000.00 69,068,026.81 123,214.54 83,617,483.88 497,000.00 (744,572.03) 50,000.00 12,408,109.09 6,000.00 9,756,062.28 9,500.00 9,236,989.03 3,000.00 12,995,549.08 390,000.00 10,070,215.65 5,000.00 17,541,802.48 4,500.00 843,166.18 13,000.00 7,432,453.98 10,000.00 4,077,708.12 6,000.00 Collection Expense/Litigation Expense 2,696,860.00 1,702,071.71 3,142,696.00 - 603,872.00 387,392.00 534,680.00 356,272.00 259,520.00 344,140.00 224,420.00 227,880.00 204,520.00 Gas, Oil and Lubricants 448,903.36 231,534.69 796,800.00 282,000.00 112,200.00 39,600.00 39,600.00 52,800.00 52,800.00 66,000.00 39,600.00 66,000.00 46,200.00 Affiliation Fees 91,642.00 78,494.00 199,383.00 30,000.00 50,343.00 18,300.00 21,231.00 19,677.00 15,150.00 18,603.00 8,382.00 11,142.00 6,555.00 Members benefits expense 2,011,970.95 1,925,653.31 2,236,954.22 301,636.93 297,540.92 193,668.99 188,510.14 238,269.52 210,473.13 352,250.76 107,637.21 226,031.52 120,935.10 General support services 5,138,954.00 3,920,003.61 4,216,770.00 447,300.00 532,506.00 567,118.25 271,002.88 264,114.88 360,992.00 532,072.00 258,032.00 355,992.00 627,640.00 Depreciation and Amortization 5,280,935.65 4,655,107.52 5,211,272.45 645,724.93 963,594.61 445,322.51 511,661.51 180,374.16 170,698.98 491,697.86 371,525.99 659,440.66 771,231.26 Misc. Expense (incl. bank charges) 3,850,170.54 3,624,079.70 4,570,634.58 308,000.00 651,081.84 429,337.98 418,020.28 522,539.03 461,946.27 747,501.51 256,274.42 493,063.04 282,870.20 Total administrative Cost 85,435,873.05 74,541,267.89 88,797,152.52 14,459,174.23 10,903,841.35 6,561,517.45 7,761,407.27 7,346,293.99 7,002,386.85 10,307,078.50 8,167,507.22 10,523,827.84 5,764,117.82 TOTAL OPERATING EXPENSES 131,582,723.06 122,093,358.64 140,077,938.03 30,908,265.12 17,345,983.03 9,610,836.86 9,614,025.11 10,831,402.43 10,977,097.68 17,683,273.04 9,920,554.92 15,170,697.80 8,015,802.06 NET SURPLUS 69,614,371.71 69,068,026.81 83,617,483.88 (744,572.03) 12,408,109.09 9,756,062.28 9,236,989.03 12,995,549.08 10,070,215.65 17,541,802.48 843,166.18 7,432,453.98 4,077,708.12 PROPOSEDPROPOSED BUDGET BUDGET FOR THE FOR YEAR THE YEAR2017 2017 (With Comparative(With Comparative figures figures of 2016) of 2016) CABLECABLE TV & INTERNET TV & INTERNET DIVISION DIVISION
Actual 2016Actual 2016 PrposedPrposed 2017 2017 ProposedProposed - Per - BranchPer Branch REVENUES REVENUES Propoed 2016 Propoed 2016 ACTUAL 2016ACTUAL 2016 ConsolidatedConsolidated Barbaza/Laua-anBarbaza/Laua-an SanSan Jose Jose SibalomSibalom Hamtic Hamtic Membership Fee Membership Fee - - 7,900.00 7,900.00 7,600.00 7,600.00 1,600.00 1,200.00 1,200.00 1,600.00 1,600.00 3,200.00 3,200.00 Installation fee Installation fee 2,068,000.00 2,068,000.00 1,434,875.44 1,434,875.44 1,893,000.00 1,893,000.00 486,000.00 486,000.00 297,000.00 297,000.00 486,000.00 486,000.00 624,000.00 624,000.00 Activation Fee Activation Fee 880,000.00 880,000.00 601,600.00 601,600.00 880,000.00 880,000.00 120,000.00 120,000.00 240,000.00 240,000.00 120,000.00 120,000.00 400,000.00 400,000.00 Monthly Subscription Monthly Subscription 39,736,949.00 39,736,949.00 33,450,911.10 33,450,911.10 40,186,646.80 40,186,646.80 11,705,103.20 11,705,103.20 20,562,593.60 20,562,593.60 4,618,549.20 4,618,549.20 3,300,400.80 3,300,400.80 Fines, Penalties and SurchargesFines, Penalties and Surcharges 1,319,829.92 1,319,829.92 2,929,619.35 2,929,619.35 2,079,063.28 2,079,063.28 590,362.91 590,362.91 1,208,629.70 1,208,629.70 271,522.31 271,522.31 8,548.38 8,548.38 Mgmt. fee - Bugasong/PatnongonMgmt. fee - Bugasong/Patnongon 1,400,000.00 1,400,000.00 1,435,382.86 1,435,382.86 1,400,000.00 1,400,000.00 1,400,000.00 1,400,000.00 Interest income from Bank DepositInterest income from Bank Deposit 5,000.00 5,000.00 3,568.37 3,568.37 5,000.00 5,000.00 5,000.00 Interest income from InvestmentInterest income from Investment 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 420,000.00 - - Misc. Income (sc/w-fee/ads/others)Misc. Income (sc/w-fee/ads/others) 186,607.16 186,607.16 935,494.78 935,494.78 231,522.16 231,522.16 85,288.00 85,288.00 100,144.16 100,144.16 28,090.00 28,090.00 18,000.00 18,000.00 Interest Income - Inter ProgramInterest Borrowings Income - Inter Program Borrowings 794,530.46 794,530.46 793,358.05 793,358.05 1,470,139.10 1,470,139.10 676,888.14 676,888.14 793,250.96 793,250.96 GROSS REVENUES GROSS REVENUES 46,810,916.54 46,810,916.54 42,012,709.95 42,012,709.95 48,572,971.33 48,572,971.33 15,490,242.24 15,490,242.24 23,202,818.41 23,202,818.41 5,525,761.51 5,525,761.51 4,354,149.18 4,354,149.18 Less: EXPENSES Less: EXPENSES Financing Costs: Financing Costs: Interest Expense on BorrowingsInterest Expense on Borrowings ------Interest on inter-program borrowingsInterest on inter-program borrowings 1,274,531.00 1,274,531.00 793,358.05 793,358.05 1,470,139.10 1,470,139.10 134,610.64 134,610.64 619,262.60 619,262.60 716,265.85 716,265.85 Other Charges on borrowings Other Charges on borrowings ------Total Financing Cost Total Financing Cost 1,274,531.00 1,274,531.00 793,358.05 793,358.05 1,470,139.10 1,470,139.10 -- 134,610.64 134,610.64 619,262.60 619,262.60 716,265.85 716,265.85 Administrative Costs Administrative Costs Salaries & Wages 4,774,310.00 4,196,292.96 5,169,779.87 1,895,914.57 2,631,536.70 428,747.80 213,580.80 Salaries & Wages 4,774,310.00 4,196,292.96 5,169,779.87 1,895,914.57 2,631,536.70 428,747.80 213,580.80 Employees Benefits 3,569,861.36 2,730,408.39 3,514,483.00 1,350,741.60 1,743,473.80 304,442.53 115,825.07 Employees Benefits 3,569,861.36 3,514,483.00 1,350,741.60 1,743,473.80 304,442.53 115,825.07 SSS/ECC/Philhealth, Pag-ibig Cont. 384,876.00 2,730,408.39 320,948.85 423,179.20 156,207.60 211,848.00 36,008.40 19,115.20 SSS/ECC/Philhealth, Pag-ibig Cont.Retirement Benefits Expense 384,876.00 998,418.32 320,948.85 802,450.85 423,179.20 1,057,347.43 156,207.60 357,292.84 491,752.37 211,848.00 116,483.23 36,008.40 91,818.98 19,115.20 Retirement Benefits Expense Officers' Honorarium and Allowances 998,418.32 - 802,450.85 - 1,057,347.43 - 357,292.84 491,752.37 116,483.23 91,818.98 Officers' Honorarium and AllowancesRepresentation Expense - 83,121.71 - 67,819.48 83,121.70- 34,021.05 37,975.68 6,124.98 5,000.00 Representation Expense Administration Expense 83,121.71 4,370,110.54 67,819.48 3,326,405.13 83,121.70 3,905,249.59 1,259,111.27 34,021.05 1,856,129.47 37,975.68 441,932.92 6,124.98 348,075.93 5,000.00 Administration Expense Travel and Transportation 4,370,110.54 179,690.00 3,326,405.13 92,171.00 3,905,249.59 98,675.10 1,259,111.27 25,499.25 39,937.631,856,129.47 26,919.72 441,932.92 6,318.50 348,075.93 Travel and Transportation Gas Oil and Lubricants 179,690.00 532,138.42 92,171.00 376,149.60 98,675.10 410,218.28 100,105.4325,499.25 169,494.39 39,937.63 85,922.18 26,919.72 54,696.29 6,318.50 Gas Oil and Lubricants Meetings and Conferences 532,138.42 213,478.74 376,149.60 575,120.50 410,218.28 621,963.95 100,105.43 274,629.00 168,601.27 169,494.39 168,733.68 85,922.18 10,000.00 54,696.29 Meetings and Conferences Office Supplies 213,478.74 91,347.71 575,120.50 136,544.55 621,963.95 164,307.42 274,629.00 36,094.25 96,777.01 168,601.27 25,706.16 168,733.68 5,730.00 10,000.00
Office Supplies Power, Light & Water 91,347.71 1,625,594.50 136,544.55 1,346,133.23 164,307.42 1,414,496.94 377,690.5836,094.25 724,783.65 96,777.01 308,499.22 25,706.16 3,523.50 5,730.00 BARBAZA MULTI-PURPOSE COOPERATIVE Power, Light & Water Poles Rentals 1,625,594.50 623,376.00 1,346,133.23 437,088.00 1,414,496.94 623,376.00 377,690.58 143,640.00 344,736.00 724,783.65 90,000.00 308,499.22 45,000.00 3,523.50 Poles Rentals Repair and Maintenance 623,376.00 1,768,567.54 437,088.00 1,086,805.43 623,376.00 1,035,716.42 143,640.00 580,170.03 295,964.97 344,736.00 145,946.42 90,000.00 13,635.00 45,000.00 Repair and Maintenance Freight & Handling 1,768,567.54 125,000.00 1,086,805.43 137,187.83 1,035,716.42 100,000.00 580,170.03 25,000.00 25,000.00 295,964.97 25,000.00 145,946.42 25,000.00 13,635.00 Freight & Handling Taxes & Licenses 125,000.00 165,000.00 137,187.83 187,035.13 100,000.00 165,000.00 25,000.00 50,000.00 80,000.00 25,000.00 25,000.00 25,000.00 10,000.00 25,000.00 Taxes & Licenses Gateway Subscription Expense 165,000.00 4,601,329.67 187,035.13 6,294,520.23 165,000.00 6,889,050.00 1,458,000.00 50,000.00 4,495,500.00 80,000.00 607,500.00 25,000.00 328,050.00 10,000.00 Gateway Subscription ExpenseSubscription Expense 4,601,329.67 1,899,091.50 6,294,520.23 1,588,430.09 6,889,050.00 1,751,366.75 1,458,000.00 482,768.67 804,846.74 4,495,500.00 321,114.69 607,500.00 142,636.66 328,050.00 Subscription Expense Communication Expense 1,899,091.50 146,000.00 1,588,430.09 134,264.80 1,751,366.75 150,978.04 482,768.67 61,598.04 66,780.00 804,846.74 12,600.00 321,114.69 10,000.00 142,636.66 Communication Expense General Assembly Meeting Expense 146,000.00 537,954.74 134,264.80 359,739.70 150,978.04 367,274.79 156,338.7761,598.04 106,782.07 66,780.00 94,153.94 12,600.00 10,000.00 10,000.00 General Assembly Meeting ExpenseAudit & Professional Fees 537,954.74 47,440.00 359,739.70 10,000.00 367,274.79 35,000.00 156,338.77 10,000.00 10,000.00 106,782.07 10,000.00 94,153.94 5,000.00 10,000.00 Audit & Professional Fees Affiliation Fees 47,440.00 20,000.00 10,000.00 61,084.70 35,000.00 20,000.00 10,000.00 5,000.00 5,000.00 10,000.00 5,000.00 10,000.00 5,000.00 5,000.00 2016 ANNUAL REPORT [69 Affiliation Fees Insurance 20,000.00 80,000.00 61,084.70 22,538.52 20,000.00 70,000.00 10,000.005,000.00 40,000.00 5,000.00 10,000.00 5,000.00 10,000.00 5,000.00 Insurance Social Services Exp./Members Benefits 80,000.00 499,209.17 22,538.52 380,173.14 70,000.00 485,653.71 154,886.4210,000.00 232,016.18 40,000.00 55,241.62 10,000.00 43,509.49 10,000.00 Social Services Exp./MembersPromotional Benefits Expense 499,209.17 82,232.06 380,173.14 1,350.00 485,653.71 60,000.00 154,886.42 20,000.00 10,000.00 232,016.18 10,000.00 55,241.62 20,000.00 43,509.49 Promotional Expense Depreciation and Amortization 82,232.06 4,886,880.29 1,350.00 4,999,086.01 60,000.00 5,519,972.76 2,664,201.84 20,000.00 1,426,762.68 10,000.00 845,715.00 10,000.00 583,293.24 20,000.00 Depreciation and Amortization Installation Expense 4,886,880.29 2,230,040.00 4,999,086.01 936,825.72 5,519,972.76 1,845,880.00 2,664,201.84 203,380.00 421,520.00 1,426,762.68 474,900.00 845,715.00 746,080.00 583,293.24 Installation Expense Trainings & Seminars 2,230,040.00 - 936,825.72 - 1,845,880.00 - 203,380.00 421,520.00 474,900.00 746,080.00 Trainings & Seminars General Support Services - 220,578.60 - 195,525.23 220,578.60 - 220,578.60 - General Support Services Local Production Expense 220,578.60 - 195,525.23 - 220,578.60 - 220,578.60 - - Local Production Expense Miscellaneous Expense - 20,000.00 - 12,206.88 20,000.00- 5,000.00 5,000.00 5,000.00 5,000.00 - Bank Charges - - - Miscellaneous Expense 20,000.00 12,206.88 - 20,000.00 5,000.00 5,000.00 5,000.00 5,000.00 Total Administrative Costs 34,775,646.87 30,814,305.95 36,222,669.56 11,897,291.20 16,762,797.21 4,686,692.48 2,875,888.66 Bank Charges - - - - Total Administrative Costs TOTAL OPERATING EXPENSES 34,775,646.87 36,050,177.87 30,814,305.95 31,607,664.00 36,222,669.56 37,692,808.65 11,897,291.20 11,897,291.20 16,897,407.86 16,762,797.21 5,305,955.08 4,686,692.48 3,592,154.51 2,875,888.66 TOTAL OPERATING EXPENSESNET SURPLUS 36,050,177.87 10,760,738.67 31,607,664.00 10,405,045.95 37,692,808.65 10,880,162.68 11,897,291.20 3,592,951.04 6,305,410.55 16,897,407.86 219,806.43 5,305,955.08 761,994.66 3,592,154.51 NET SURPLUS 10,760,738.67 10,405,045.95 10,880,162.68 3,592,951.04 6,305,410.55 219,806.43 761,994.66 ] [70 NATCCO
] 2016 ANNUAL REPORT PROPOSED BUDGET FOR THE YEAR 2017 PROPOSED(With Comparative BUDGET figures FOR of THE2016) YEAR 2017
(With ComparativeGAS STATION figures of 2016) NETWORK GAS STATION CONSOLIDATED BALASAN CATICLAN REVENUES Proposed 2016 ACTUAL Proposed 2017 Proposed 2016 ACTUAL Proposed 2017 Proposed 2016 ACTUAL Proposed 2017 CONSOLIDATED BALASAN CATICLAN Income from Sales REVENUES 3,840,000.00 2,517,421.62 3,585,331.47 1,760,000.00 1,226,912.10 1,754,538.28 2,080,000.00 1,290,509.52 1,830,793.18 Interest income from Bank Deposit Proposed 2016 ACTUAL 11,290.78 Proposed -2017 Proposed -2016 ACTUAL 11,290.78 Proposed 2017 - Proposed 2016 - ACTUAL - Proposed 2017 - Miscellaneous/OtherIncome from Sales Income 3,840,000.00 385,323.05 2,517,421.62 3,585,331.47300,000.00 1,760,000.00 - 1,226,912.10 220,494.98 1,754,538.28 150,000.00 2,080,000.00 - 1,290,509.52 164,828.07 1,830,793.18 150,000.00 GROSSInterest REVENUES income from Bank Deposit 3,840,000.00 2,914,035.45 11,290.78 3,885,331.47 - 1,760,000.00 - 1,458,697.86 11,290.78 1,904,538.28 - 2,080,000.00 - 1,455,337.59 - 1,980,793.18 - Less:Miscellaneous/Other EXPENSES Income 385,323.05 300,000.00 - 220,494.98 150,000.00 - 164,828.07 150,000.00 Administrative Costs SalariesGROSS & Wages REVENUES 1,625,949.00 3,840,000.00 1,415,766.41 2,914,035.45 1,416,862.203,885,331.47 1,760,000.00 762,426.60 1,458,697.86 653,461.32 1,904,538.28 710,205.60 2,080,000.00 863,522.40 1,455,337.59 762,305.09 1,980,793.18 706,656.60 EmployeesLess: BenefitsEXPENSES 27,900.00 199,173.69 237,600.00 13,050.00 93,029.45 118,800.00 14,850.00 106,144.24 118,800.00 SSS/ECC/Philhealth, Administrative Pag-ibig Costs Cont. 157,734.00 130,960.20 161,123.40 73,735.20 61,078.20 80,562.60 83,998.80 69,882.00 80,560.80 RepresentationSalaries & Allowance Wages 1,625,949.0010,000.00 1,415,766.41 - 1,416,862.20 - 762,426.60 5,000.00 653,461.32 - 710,205.60 - 863,522.40 5,000.00 762,305.09 - 706,656.60 - Travel and Transportation 14,712.29 8,754.30 10,000.00 8,608.05 3,981.00 5,000.00 6,104.24 4,773.30 5,000.00 Employees Benefits 27,900.00 199,173.69 237,600.00 13,050.00 93,029.45 118,800.00 14,850.00 106,144.24 118,800.00 Meetings and Conferences 10,000.00 - - 5,000.00 - - 5,000.00 - - SSS/ECC/Philhealth, Pag-ibig Cont. 157,734.00 130,960.20 161,123.40 73,735.20 61,078.20 80,562.60 83,998.80 69,882.00 80,560.80 Trainings and Seminars 10,000.00 21,926.00 10,000.00 5,000.00 10,650.00 5,000.00 5,000.00 11,276.00 5,000.00 OfficeRepresentation Supplies Allowance 25,740.49 10,000.00 29,427.92 - 31,612.55 - 10,709.28 5,000.00 8,844.54 - 10,000.00 - 15,031.215,000.00 20,583.38 - 21,612.55 - Power,Travel Light and& Water Transportation 188,574.15 14,712.29 177,616.72 8,754.30 195,378.39 10,000.00 91,754.39 8,608.05 78,149.39 3,981.00 85,964.33 5,000.00 96,819.766,104.24 4,773.30 99,467.33 5,000.00 109,414.06 RentalsMeetings and Conferences 836,807.33 10,000.00 849,814.64 - 896,915.52 - 215,384.16 5,000.00 228,391.52 - 241,821.72 - 621,423.17 5,000.00 621,423.12 - 655,093.80 - RepairTrainings and Maintenance and Seminars 37,422.00 10,000.00 16,220.00 21,926.00 17,842.00 10,000.00 24,024.00 5,000.00 11,330.00 10,650.00 12,463.00 5,000.00 13,398.005,000.00 11,276.00 4,890.00 5,000.00 5,379.00 TaxesOffice & Licenses Supplies 23,758.90 25,740.49 18,488.00 29,427.92 20,336.80 31,612.55 10,709.28 8,107.00 5,393.00 8,844.54 10,000.00 5,932.30 15,031.21 15,651.90 20,583.38 13,095.00 21,612.55 14,404.50 Communication Expense 27,244.80 12,656.28 31,921.91 17,127.00 12,656.28 16,921.91 10,117.80 - 15,000.00 Power, Light & Water 188,574.15 177,616.72 195,378.39 91,754.39 78,149.39 85,964.33 96,819.76 99,467.33 109,414.06 Insurance 76,653.51 69,685.00 73,169.25 36,584.63 33,258.75 34,921.69 40,068.88 36,426.25 38,247.56 GeneralRentals Support Services 267,859.20 836,807.33 251,619.50 849,814.64 332,894.80 896,915.52 133,929.60 215,384.16 121,420.85 228,391.52 241,821.72 166,447.40 621,423.17 133,929.60 621,423.12 130,198.65 655,093.80 166,447.40 PromotionalRepair Expenseand Maintenance 10,000.00 37,422.00 16,220.00 - 4,000.00 17,842.00 24,024.00 5,000.00 11,330.00 - 12,463.00 2,000.00 13,398.00 5,000.00 4,890.00 - 5,379.00 2,000.00 DepreciationTaxes & and Licenses Amortization 116,543.00 23,758.90 115,793.49 18,488.00 115,793.25 20,336.80 110,313.00 8,107.00 105,060.24 5,393.00 105,060.00 5,932.30 15,651.90 6,230.00 13,095.00 10,733.25 14,404.50 10,733.25 MiscellaneousCommunication Expense Expense 13,135.32 27,244.80 6,000.15 12,656.28 6,600.17 31,921.91 17,127.00 6,676.67 12,656.28 2,087.00 16,921.91 2,295.70 10,117.80 6,458.65 3,913.15 - 15,000.00 4,304.47 Franchising/'RetailersInsurance Fee 48,000.00 76,653.51 48,000.00 69,685.00 48,000.00 73,169.25 48,000.00 36,584.63 48,000.00 33,258.75 34,921.69 48,000.00 40,068.88 - 36,426.25 - 38,247.56 - Provision for Probable Losses on Accounts General Support Services 267,859.20 251,619.50 332,894.80 133,929.60 121,420.85 166,447.40 133,929.60 130,198.65 166,447.40 Receivable - Trade - Promotional Expense 10,000.00 - 4,000.00 5,000.00 - 2,000.00 5,000.00 - 2,000.00 Total Administrative Costs 3,528,033.99 3,371,902.30 3,610,050.23 1,580,429.58 1,476,791.54 1,651,396.24 1,947,604.41 1,895,110.76 1,958,653.99 TOTALDepreciation OPERATING and EXPENSES Amortization 3,528,033.99 116,543.00 3,371,902.30 115,793.49 3,610,050.23 115,793.25 1,580,429.58 110,313.00 1,476,791.54 105,060.24 1,651,396.24 105,060.00 1,947,604.41 6,230.00 1,895,110.76 10,733.25 1,958,653.9910,733.25 Miscellaneous Expense 13,135.32 6,000.15 6,600.17 6,676.67 2,087.00 2,295.70 6,458.65 3,913.15 4,304.47 NETFranchising/'Retailers SURPLUS Fee 311,966.01 48,000.00 (457,866.85) 48,000.00 275,281.23 48,000.00 179,570.42 48,000.00 (18,093.68) 48,000.00 253,142.04 48,000.00 132,395.59 - (439,773.17) - 22,139.19 - Provision for Probable Losses on Accounts Receivable - Trade - Total Administrative Costs 3,528,033.99 3,371,902.30 3,610,050.23 1,580,429.58 1,476,791.54 1,651,396.24 1,947,604.41 1,895,110.76 1,958,653.99 TOTAL OPERATING EXPENSES 3,528,033.99 3,371,902.30 3,610,050.23 1,580,429.58 1,476,791.54 1,651,396.24 1,947,604.41 1,895,110.76 1,958,653.99
NET SURPLUS 311,966.01 (457,866.85) 275,281.23 179,570.42 (18,093.68) 253,142.04 132,395.59 (439,773.17) 22,139.19 BARBAZA MULTI-PURPOSE COOPERATIVE MEMBERSHIP SEGMENTATION CRITERIA DIAMOND SEGMENTATION CRITERIA 3. Attended the District Assembly at least once for the last 1. At least fi ve (5) years as regular member. two (2) years. 2. Share capital of at least P15,000.00 with additional 4. Attended at least 50% of the Ownership/ MES in a year deposit of at least P500.00 annually for the last two (2) for the last two (2) years. years. 5. Regular monthly savings deposit of at least P20.00 or 3. Attended the District Assembly at least once for the last P60.00 in a quarter for the last two (2) years. two (2) years. 6. No loan amortization in default for more than 90 days for 4. Attended at least 50% of the Ownership/ MES in a year the last two (2) years. for the last two (2) years. 5. Regular monthly savings deposit of at least P50.00 or CLASS SILVER PRIVILEGES P150.00 in a quarter for the last two (2) years. 1. Qualifi ed on all loan windows as provided in the lending 6. No loan amortization in default for the last two (2) years. guidelines. 2. No collateral required on all loans of P10,000.00 and CLASS DIAMOND PRIVILEGES below over the share capital. 1. Qualifi ed on all loan windows as provided in the lending 3. Loan approval at management level. guidelines. 4. Qualifi ed to vote and seek any appointive position. 2. No collateral required on all loans of P50,000.00 and 5. Can avail FAXCOM Loan at .95% monthly interest. below over the share capital. 6. Hospitalization benefi t of P300.00 per day for a 3. Loan approval at management level. maximum of 5 days after a confi nement of at least 3 days 4. Qualifi ed to vote and seek any elective position. which can be availed once a year. 5. Free COLISAP contribution on COLISAP 30K 6. Can avail the FAXCOM Loan at .95% monthly interest. BRONZE SEGMENTATION CRITERIA 7. Hospitalization benefi t of P500.00 per day for a 1. At least two (2) years as a regular member. maximum of 5 days after a confi nement of at least 3 days 2. Share capital of at least P3,000.00 with additional deposit which can be availed once a year. of at least P150.00 annually for the last two (2) years. 3. Attended the District Assembly at least once for the last GOLD SEGMENTATION CRITERIA two (2) years. 1. At least four (4) years as a regular member. 4. Attended at least 50% of the Ownership/ MES in a year 2. Share capital of at least P10,000.00 with additional for the last two (2) years. deposit of at P350.00 annually for the last two (2) years. 5. Regular monthly savings deposit of at least P10.00 or 3. Attended the District Assembly at least once for the last P30.00 in a quarter for the last two (2) years. two (2) years. 6. No loan amortization in default for more than 30 days for 4. Attended at least 50% of the Ownership/ MES in a year the last two (2) years. for the last two (2) years. 5. Regular monthly savings deposit of at least P30.00 or CLASS BRONZE PRIVILEGES P90.00 in a quarter for the last two (2) years. 1. Qualifi ed on all loan windows as provided in the lending 6. No loan amortization in default for more than 30 days for guidelines. the last two (2) years. 2. Loan approval at committee level. 3. Co-maker/ collateral required for loan over P5,000.00 of CLASS GOLD PRIVILEGES share capital. 1. Qualifi ed on all loan windows as provided in the lending guidelines. BRASS SEGMENTATION CRITERIA 2. No collateral required on all loans of P30,000.00 and 1. At least two (2) years as a regular member. below over the share capital. 2. Share capital of at least P3,000.00 with additional 3. Loan approval at management level. monthly deposit of at least P10.00 4. Qualifi ed to vote and seek any elective position. 3. Cannot qualify to the above segmentation. 5. Free COLISAP contribution of 50% on COLISAP 30K. 6. Can avail FAXCOM Loan at .95% monthly interest. CLASS BRASS PRIVILEGES 7. Hospitalization benefi t of P400.00 per day for a 1. Qualifi ed to loan 90% of the share capital. maximum of 5 days after a confi nement of at least 3 days 2. Loan approval at committee level. which can be availed once a year. 3. Allowed to avail up to two loan windows as provided in the lending guidelines after six (6) months of good SILVER SEGMENTATION CRITERIA repayment records. 1. At least three (3) years as a regular member. 4. Qualifi ed to vote but not qualifi ed to run for any elective 2. Share capital of at least P5,000.00 with additional deposit position. of at least P200.00 annually for the last two (2) years
2016 ANNUAL REPORT [71] NATCCO NETWORK 2016 MEMBERSHIP SEGMENTATION BARBAZA MAIN OFFICE SILVER 234 ADOLFO, SUZETTE M. ESPANOLA, THERESA MINEZ, JOSEFINA P. ADORADOR, EDEN ESPANUEVA, EDMUND MODESTO, ANDRES JR. D. AGUIRRE, SUSANA ESPARAGOZA, CARLITO MONDIA, STAINER B. ALABADO, LYN M. ESPARAGOZA, GINA(2) MONICODE, KENNETH JOANRY B. ALABADO, MARY GRACE ESPARAGOZA, MA. CLAUDIA MONTECASTRO, MA. TERESA P. ALABADO, SIXTO ESPARAGOZA, ROWENA NACIONALES, RAFAEL E. ALACAPA, ALBERT. ESPARAGOZA, VICENTE O. NAMBONG, BERNARDITA ALACAPA, MILAGROSA ESPARAR, ELDA NAPALLATAN, HELEN O. ALARMA, GIDEON ESPARAR, LIGAYA NARCISO, CHARLETTE ALAVATA, FELISA AMOR E. ESPARES, JOSE M. NARCISO, SORITA ALAVATA, GELITA ESPARES, JUNE CLIFF. NECESARIO, BETTY ALAVATA, GEM ESPARTERO, EDDIE NECESITO, RUBIE M. AMANTILLO, APRIL ROSE ZACHARY J. ESPARTERO, JIMMY P. NECOR, JOE MARIE D. AMAR, ALICIA N. ESPARTERO, JOHN KENNETH OCANA, BETHEL AMAR, OFELIA ESPARTERO, MELINDA A. OGATIS, ELISEO AMAR, ROMEO O. ESPARTERO, MERLYN OGATIS, MARITES ANTONIO, EDNA N. ESPARTERO, MILDRED . OGATIS, PERLA. ANTONIO, ENEDENA A. ESPARTERO, NOLI PACHECO, BONIFACIO E. ANTONIO, RENALIE A. ESPARTERO, OGSENIO PASCUAL, JUVIE P. APAWAN, ROSEMARIE ESPARTERO, ORLITA PATRICIO, ELIZA ARANAS, NOEL D. ESTOYA, KIRK DALMACIO E. PEROCHO, CORAZON N. ARDENO, MA. LOURDES FABURADA, RODEN E. PEROCHO, EDITHA N. AREVALO, EMELYN FERRERAS, TERESITA PERONALIM, ENRIQUE C. AREVALO, HELEN A. FLORES, AURORA PEZ, CHONA O ARGUELLES, NANCY FLORES, REX P. POJAS, LUISA ASUNCION, GLORIA FRANCISCO, MYRNA POLITUD, ARNIEL AUTAJAY, JOGIN T. GABRIEL, MARY JANE R. PUGA, EDGAR BACCAY, EVONY N GANANCIAL, MARIAN DALE V. QUIDOR, PATRICK L. BAJALA, CRISANTA GASIS, MARIBEL C. RAFIL, ERNA M. BAJALA, MARY JUNE GENOVEZA, NOEMI A. RAYMUNDO, GERALINE B. BALDONASA, ARANILO P. GUALBERTO, ROGER F. REBOTON, ERLYN BALEÑA, JEMELYN M. IBAO, DAMIANO I. RELOX, ERLINDA BALLENAS, BEN BLAS ILAGAN, SHIRLEY FE REMO, CHERRY BALLENAS, BERNARD BEN INSON, HERIBERTA REMO, DANNY F. BANA, ANTONIO P. JAMANDRON, FREDYLIN REYES, ENRIQUE S. BANA, SONNY JUANITAS, ALICE RODRIGUEZ, MICHELLE BANDIOLA, ANALIZA T. JUANITES, JOHNNY RUBIDO, ANGELICA BARRIENTOS, JIMMY D. JUANITES, LAUREO SR. RUBIDO, ANGIE D. BAYOG, ROCKIE LOWEN T. JUANITEZ, ROGELIA RUBIDO, CARMELITA BAYOTAS, EROLE JUNGCO, MARY GRACE RUBIDO, ROMEO BELARMINO, EMMA Y. LABANON, ANITA RUNTAL, PACITA BELIRAN, RHEAY P. LABANON, JOHNNY SALIGUMBA, TERESITA BEMIDA, MARIA LABRAGUE, GINA SAMILLANO, JONY N. BENALITA, FAUSTA LANGA, LIGAYA A. SAMILLANO, JOSE RENE D. BENDITA, AILYN A. LEGASPI, MICHELLE V. SAMILLANO, MICHELLE ANN O. BENDITA, ROSENE LIM, JOEL A. SAMILLANO, RONIE A. BERGONIO, ROLANDO LIM, MA. CLEOSAL SANTIAGO, ROWENA E. BERTO, BELTRAN LIM, MELMAR JEAN V SAYSON, CHONA BRAVO, FATIMA B. LIM, SALVADOR SEVEGAN, GINA BRAVO, GUIA O LONDRES, RANDY SEVEGAN, REV. FR. JONATHAN C. BRAVO, MILAGROS LUCES, ROSARY SILADAN, NESTY B. CABONADA, REGIE D. MACAILING, MA.CELINA SILVA, EMELIA J. CAGUD, ROSALY MACARIO, ANTONIO S. SOBRINO, FRED N. CAMILO, ANITA MAGBANUA, ROSENIE SOBRINO, LILYBETH P. CAMILO, PETER AMBROSE MAGDAUG, LILIA . SONGCAYAWON, ELIZABETH P. CARE, PERTO MAGDAUG, MADELYN STA. ROMANA, JB MYRRH C. CASTRO, ROSARIO F. MAGHARI, CRESENCIO JR. TADI, GLORIA S. CATAGUE, IRIX P. MAGHARI, JONI TALAGTAG, AIDA C. CATAGUE, JESUS JR. MAGHARI, MA. RIMA TALAGTAG, MELIETA E.
[72] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
CONDES, ROSEMARIE MAGHARI, SHERYL MAY TALAGTAG, ROBERTO D. CUNANAN, JUSAL E. MAGHARI, TERESA TANJUANGCO, ADELAIDA DAYONOT, EVA A MAGTULIS, ROSENE C. TILBE, JEFRY J. DAZA, ABNER MALE, EVARISTO D. TORNINO, ANITA DELA CRUZ, AIDA MALICDEM, JAY M. VALDEZ, ROSELYN DELA CRUZ, DOMINGA L. MALIMBAG, BEVERLY G. VEGAFRIA, LUZ S. DELOS SANTOS, GLORIA E. MALUNES, ELSIE VENTURA, MERILYN A. DELOS SANTOS, HETHER MAMPIL, ANALOU VICENTE, ELECIA DENILA, ANNA MARIE MARCELINO, JOCELYN E. VICTORIANO, BEN M. DIGMA, MARISOL MARCELINO, REV. ROMMEL P. VIOLATA, ADELAIDA DIMAMAY, KARMILA ROSE A. MARQUEZ, MA. SALUTIS VISTA, BUENA JEAN S. DOMINGO, FELIPO JR. MARQUEZ, MAILEN G. VISTA, WILFREDO DURAN, IVORY M. MARQUEZ, TERESITA V. YBERA, RANDY C. ESPANOLA, CONSUELO MARQUEZ, WELINA YBERA, SANTIAGO ESPANOLA, EDEQUITO Y. MEDAYO, RAQUILINA YNION, GLYNIA P. ESPANOLA, HAROLD B. MEDAYO, RUDY YONGQUE, LUISA ESPANOLA, JOSE P. MENDOZA, RUBYLOVE YONGQUE, MARIBEN ESPANOLA, JOSIE MILITANTE, MA. CECILIA YONGQUE, NOEL ESPANOLA, LENY MILO, NARCISA ZAMORA, APOLINAR GOLD 221 ABAGON, RENATO SR. ESPARAGOZA, ADELIA NAMBONG, JUVY ABSALON, JASMIN JUNE ESPARAGOZA, CECILIA NAMBONG, OSCAR ADAN, VISITACION ESPARAR, JENNIFER M. NAMBONG, PETER AGUSTIN, JUJAN F ESPARES, ANTONIETA NAMION, CLARISSA ALABADO, ALEJANDRO S ESPARES, LERMA NARCISO, ARLENE ALABADO, LEONIL M. ESPARES, LUCITA NARCISO, ELENA C. ALANZA, CARMEN ESPARES, MA. JOSEFA NARCISO, FELY ALARMA, FLORENIA ESPARES, MA. LUZ NARCISO, MARIALYN A. ALEJANDRINO, MARY CRIS A. ESPARES, MARIVIC NECESARIO, RAMY ANTHONY B I. ALFANE, MARIA SHEILA ESPARES, NORMA NECOR, LOLITA ALLANIC, MARLOURIE EUSEBIO, EDUARDO NECOR, LORNA ALMOROS, VICTOR FAILABAN, HELEN S. NERMAL, AMELITA ALOJIPAN, JOSEPHINE FLORES, JULIA NIEDERREITER, REBECCA S AMAR, ANTONIETA M. FLORIDA, EUFEMIA P. NIEVES, ANELEE N. AMARILLO, LORENZO V. FORTIT, ROSARIO OGATIS, PRIMO AMISTOSO, NOEL GALLETA, ELLA M OGTONG, HARLINA ARCOLAS, MARIAN NIETY V. GARION, MA. FE OPAO, ROMULO JR ARGUELLES, GLENN E. GERTOS, RAMNIC B. OPAO, ROMULO SR. ARTILADO, REXIE GIMOTEA, SALVACION M. OPIÑA, JOENITO ATILANO, JULIE GINDAP, MA. ELENA ORQUIA, LIEZL MARIANNE BACALLA, MARIA FE NOVWEN GINDAP, MA. WILNAH PACHICOY, ESPERANZA BAJALA, ALAN GINDAP, TEODOLFO E. PALMA, MARIA BAJALA, GIRLIE GONZALES, MERRY CHRISTINE B. PANAGUITON, EUGENIA BAJALA, JUN HERNAEZ, CHERYL MARIE M. PAREDES, JINKY . BALDIVIA, MARIA N. HISANAN, SHIELA MAE D. PECHAYCO, JUAN BALLENAS, MARISSA IMPORTANTE, CEZAR PEDOJAN, GLORIA BANA, BENEDICTO JOVENAL, ALEJANDRO. PEZ, MERCEDES M BANA, MARY JOY JOVENAL, MARCELINA PORTUGAL, THELMA BANA, MERLIN JUAN, CUBINA RAYMUNDO, MELY O BARRIENTOS, ALDREX JUAN, JENNIFER REYES, LYDIA BARRIENTOS, MARYBETH B. JUANITAS, EDGAR REYES, MARY ANN E. BARRIENTOS, MERIDETH JUANITAS, MARCELA RIVERA, DAISY BARRIENTOS, PHOEBE JUANITES, JUDITH RONDARIO, CARMEN BAUTISTA, EDWIN D JUANITES, NELLY E. SALAZAR, NANCY E. BAYOG, JEAN DAQUILA JUANITES, SALVACION SALCEDO, JEROLYN BAYOLA, RONILO S JUANITES, TESSIE SALIGUMBA, MARY ANN E. BEMIDA, AURIE MAY JUMAGBAS, HERBERT V. SAMILLANO, RUDEN BENDITA, TERESITA LABRAGUE, LUZ SANCHEZ, EDWIN BITO-ON, NENITTE LATAQUIN, AMORFINA SANGELES, MYRNA E BOLAR, ARLENE LEDESMA, JAYSON SANGINES, MARIFE BOSIO, ELIZABETH LORESTO, JOVEN L. SANTILLAN, SHIRLEY BRAVO, MYRNA LUMUGDANG, LEANDA SARENO, ANA
2016 ANNUAL REPORT [73] NATCCO NETWORK
BULAGAO, ELMA SERAPHELLE MACARANAS, RUTH E SEMILLANO, CERILA CAPAGUE, SALVADOR MAGBANUA, LOLITA SILVA, MA. KRESHKA CATAGUE, MARIA TETCHIE MAGBANUA, RHODA SOBRINO, CYRIL CATAGUE, MYRNA MAGHARI, GEMINA SOLANON, CORONACION CEPEDA, DOLORES MAGHARI, JOSE T. SOLANON, PACENCIA. CONDES, RAMON JR. MAGHARI, ROSITA SOLIS, ALICIA CRISTOBAS, ANNIE MAGHARI, SURAYDA SONGCAYAWON, SALVACION C. DALINO, FANNY M. MAGTULIS, BLAS SUELON, TERESA DALUMPINES, LUCIA MAGTULIS, ESTRELLA SUMBRANA, CARMELINA B. DAQUILA, LUCY F. MAGTUPA, LOUISA SUPERIO, ROMER R. DAQUILA, MARINA MAGTUPA, VIVIEN J. TALAGTAG, ANGELITO E. DAQUILA, SUSAN MAGTURO, MICHELLE C. TALAGTAG, JOSEPHINE DAROY, JOJI MAGTURO, MYLEN GRACE E. TALAGTAG, JULIE DE VERA, ELIZABETH MAGTURO, NELLY TALAGTAG, MARIA REDIGONDA DELA CRUZ, BEN MAGTURO, NENITA TALAGTAG, PETER DELOS SANTOS, MARY JANE MALAGAD, HELEN TALAGTAG, VIRGIE DERESAS, EVELYN MANAGUIT, BENJIE TAN, MARIO ENRIQUEZ, DADEN MANAGUIT, EMMANUEL J. TAN, ROSALIND ERAGA, MA. FE MARGARSE, LONDABEE P. TINGSON, CORAZON ESPAGO, MERIAM MARQUEZ, FERNANDO TORNINO, AGUILLARDO ESPAÑOLA, AILEEN MARQUEZ, LUCIA TORNINO, JOEMELL V. ESPANOLA, DERLY. MARTINEZ, PERLA TUNGUIA, JOSAFAT ESPANOLA, DIONESIA F. MATILLANO, MEDDIE T. VALAQUIO, CHERRY S. ESPANOLA, EVELYN C. MAXIMO, ELMA E. VICENTE, TERESITA ESPANOLA, FELOMINA MEDAYO, MELBA VILLARAM, JOCELYN ESPANOLA, FLORECITA MENDOZA, DINMARC M. VILLEGAS, GLENN ESPANOLA, MARIA MENDOZA, LEONORA VISTA, ALMA. ESPANOLA, MARIA T. MENDOZA, LYN T. YAP, JENNIE M. ESPANOLA, NENITA MILITANTE, JASMIN G. YNION, PERLA(2) ESPANOLA, NORATO O. MONDIA, BONIFACIO YONGQUE, ADOLFO ESPANOLA, TESSIE MONDIA, SHERYL B. YONGQUE, MAJELINDE MONTERO, JENALOU DIAMOND 215 ABSALON, JASMIN JUNE ESPANOLA, ALBERTO JR. MARQUEZ, CANDELARIA ACDOL, ARLENE B. ESPANOLA, CHARLYN MAE MARQUEZ, RAMONA ACDOL, PERCIBAL ESPANOLA, FERMIN JR. MARQUEZ, ROGELIO ALABADO, CONSORCIA ESPANOLA, FIONA G. MATUNDING, DIOSITA ALABADO, FILOMENO ESPANOLA, FRUT DOMINIC MENDOZA, ENRIQUE P. ALABADO, ISABEL ESPANOLA, GEMMA A MENDOZA, EVA ALABADO, JACOBINA ESPANOLA, LUCY S. MENDOZA, EVELYN ALABADO, NOEL ESPARAGOZA, LIMUEL MENDOZA, GERALDINE ALABADO, RYAN ESPARAR, QUINTIN MENDOZA, GLORIA ALAVARTA, BELLE ESPARES, ARTHUR MODESTO, MA LUCILLA C. AMANTILLO, ALEXANDER JR. B ESPARES, CYREL EVE MODESTO, VIRMAR AMAR, MAGDALENA ESPARES, FELIMON MONDIA, EDWIN AMAR, NOEL ESPARES, MERLYN MONDIA, RUTH A. AMBID, GOLDA ESPARES, NIEVES MONDIA, VIOLETA AMSON, HILDA ESPARTERO, ERLINDA MONTINOLA, MA. DULCE ANDAG, LLANE ESTOLLOSO, BEVERLY M. NACIONALES, MA. TERESA ANDRES, EMMA ESTOYA, FLORECITA NAMBONG, ELPEDIO ANONUEVO, MERRYL M. FARREN, JOFELYN NARIO, ERMELINDA ANTONIO, MARY LOU FLORES, ESMERALDA B. NECESARIO, FELIZA ARDENO, MERLY FLORES, JOVITA NECOR, JAIME AREVALO, BEATRIZ FLORES, LOVELLA NECOR, MA SHEREL B. AREVALO, LETICIA FLORES, MAMERTA NECOR, MARLYN ARGUELLES, EZRA A FORTIT, RAMON OPAO, IRENE ARGUELLES, JESSICA P. GARION, ELLA COZETTE OPAO, LUZ ARNAEZ, GILMENA GARION, MILAGROS OPINA, DEARLY M. ASUNCION, ELMA GIMOTEA, AZUCENITA OPIÑA, JOENITO AYAD, FLORECIL T. GINDAP, EDNA L. PACHECO, ANNA LORRAINE B. BAGUNA, GEMMA GINDAP, GINA V. PATINO, ANNA MAE BAJALA, CIRCUNCISION GINDAP, PETER JONATHAN PECHAYCO, JUAN
[74] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
BAJALA, GLORIA F. GRAJO, MARY ROSE E. PEREYRA, AIDA BAJALA, LOT GRAJO, ROBERTO PIDO, JUAN . BAJALA, MAGDALENA IMBANG, NOLAN PIDO, ROSEMARIE BAJALA, TRINIDAD INAMAC, ALY QUIATZON, JOEL BALENA, JUNIVEN JABILE, ANALYN GRACE B QUIATZON, WENIFREDA BALIGUAT, GINA J. JABILE, RAMAR MARMON M. REBOTON, ROGEN BALLENAS, ADELAIDA JANAYSAY, RYAN REMO, EVELYN BALLENAS, SOCORRO CARMEN T. JUAN, LETICIA REMO, JULIA BANA, DAISY JUANITAS, ANGELINA O. REMO, POWEL BANA, ENCARNACION JUNGCO, FEROLYN ROSALES, WILLEMAY BANA, MARY JANE P. JUNGCO, MARY JANE M. RUNTAL, CHRISTIAN RODRIGO BANA, ROSARIO LABRADOR, LEONARDO RUNTAL, PHOEBE KATE BANGCAYA, ALLEN T. LEDESMA, JAYSON SAMILLANO, BETTY BANGCAYA, ARLEN R. LIM, CLEOFE SAMILLANO, DEXTER. BANGCAYA, CONSOLACION LIM, XZ G. SAMILLANO, NENITA BANGCAYA, GRACIANO LUBRICO, ROBERT J. SAMSONA, ROLAND BARCARLOS, REYNALD LUCES, ESTELITA SELIBIO, HELEN G. BARRIENTOS, DAISY LUCES, JOHNNY SONGCAYAWON, ARNOLD BARRIENTOS, LEONORA B. LUCES, YASMINE DAWN M. SOTOMIL, CLARITA BAYOLA, LORAINE S. MABAQUIAO, HARLY F. TABASIN, GEMALIN BENDITA, VIVINA. MABAQUIAO, MAGIE F. TALAM, MARIA BERNESTO, YOLANDA MABAQUIAO, MARY FE A. TAMAYO, LUZ BIANGCO, JENNYVI MACABANTE, MENDY TATOY, GEMMA CABRERA, JOSE EMMANUEL MADEJA, MEME TENALES, MELANY CALONCE, ROSALINA N. MAGABILIN, NELSY TIBAJARES, ROSIE CAMILO, ELIZABETH MAGBANUA, AMELITA TINGSON, EVELYN CAPANGYARIHAN, ANGEL MAGBANUA, AZUCENA TOCOYO, REY CAPULONG, ROSARIO MAGBANUA, HUBERTA E. TUMA-OB, MERLY C. CASTRES, FLORENTINA MAGBANUA, MICHELLE B. UNTAL, LEONISA CATAGUE, LYDIA S. MAGBANUA, OPERIANA VALENTIN, ANDREA CATAGUE, NOEL MAGBANUA, WILLIAM VALENTIN, NICOLAS CATAGUE, NONA B. MAGBANUA, WINALEE M. VALENTIN, SUSAN S. CATALINO, HARRIET MAGHARI, FELY VARGAS, ANSELMO JR CUMLA, FRANNIE MAGHARI, OSCAR VARON, AQUILINA DALISAY, ROMEO JR. MAGHARI, RAUL VILLARAM, ERNESTO DAQUILA, LOGERIA MAGTULIS, ANA E. YBERA, HELEN R. DELA CRUZ, JULIA M. MAGTULIS, ANTONIO YONGQUE, EVITA DELOS SANTOS, ROMEO MAGTULIS, CHERRY YONGQUE, GIDEON SR. DEMERIN, OFELIA MAGTULIS, MICHELL YONGQUE, MICHELLE F. DIONELA, NELIA MAGTURO, SALVACION Y. YONGQUE, VICTORY N. DOLLOSO, JOCELYN MALUNES, CELIA ZALDIVAR, PETER DOMINGO, MA. TERESA MALUNES, PAQUITO D. ZAMUDIO, MILROSE ESPAGO, RHECON G. MANALO, PABLITO CULASI BRANCH SILVER 59 ALABADO, GILDA B DIMACUTAC, DEMOCRITO ODERIO, SUTCHIE T. ALOCILJA, MARIPRES Y. DIONELA MARLON A. ORCAJADA, JESSIE ALVARO, JOCELYN M. DIOSO, CHERRY PALACIOS, FLORDELIZA G. AMBID, ROBERTO DOROTEO, HELENIA PALACIOS, MYLENE A. ANDICO, MICHELLE DUMAOG, MARISSA LYNNE V. PALANOG, ROSARIO ANDRADA, ARIEL ESPARTERO, CHERRELYN PANGANIBAN, KATHERINE BALBUENA, MELINDE FELICIANO, JANICE REGINO, NANCY BALESTRAMON, ERLIN FELICIANO, TERESITA RICO, LAILANI BALISNOMO, LORETO D. GERMENTIL, JOSEPHINE S. RIVERA, ELIZABETH BARCENAL, MELANIE E. GIMENA, NIDA A. RONIMO, PERLITA BARTOLOME, EVA L. GRANOLIN, FE J. SOLIS, JOCELYN BONA, NENIE IGNACIO, MARGARITA SORILLA REGGIE M. CADUNGON, ANABEL IRAGA, MELY SORILLA, EMMANUEL R. CALAWOD, JACQUELINE LAUDE, MAE SUDARIO, MARIA LIEZEL CEPIDA, JULIE N. LOYOLA, JAMESLORD TILAN, EDDIE J. CERIACO, SUSIE MAGALLANES, NELSIE URBINA, CHLOE CHAVEZ, NILDA MANJARES, GRACE D. VALDEZ, MELVIN S.
2016 ANNUAL REPORT [75] NATCCO NETWORK
CIRIACO, GEORY D. MARTINEZ, HIPOLITO VALENTE, CARMELINO COSTOY, AIDA B. MOSQUERA, BENJAMIN 111 ZAMORA, MARY ANN F. DELOS REYES, AURELIA ODERIO, CLARITA J. GOLD 74 ALBANGCO, HELEN ESTOLLOSO, AMANCIO F. MONTERO, WENCESLAO C. ALEÑO, MARCELINO JR. ESTOLLOSO, MERLY MONTILLA, GLORY N ALOJADO, PHOEBE FELICIANO, CONCHITA OGATIS, FLOCELYN ALOJADO, PHOEBE B. FELICIANO, JUNE ORCAJADA, CAMILO ALORRO, BERNADITH A. FILARMEO, ODYSSEY I. ORCAJADA, EDNA ALORRO, JOSE B. FRANCISCO, ERIE ORCAJADA, TESSIE D. ALVAREZ, SHIRLY F. GALIDO,ELENIA ORTEGA, PETER AMBID, ADONIS GANO, LOURDES PIDO, MYRNA G. AMIGABLE, ADELITA GATILA, SYLVIA M. PLACIDO, BERNIE APELADO, MAE CLAIRE GAURAN, WHELMA RUBEJES, MA. PRECY Q. ARCILLA, HAZEL L. GEGANZO, ELLA SANCHEZ, AMY BALLO-ALLO, EMILIA HERNANDO, MARCHELLE J. SANTIAGO, ANNABEL A. BARCEBAL, FAMELA M. HONTILANO, ABELARDO SARABIA, VILMA BLANCIA, CERES T. INFANTE, ARMELINO SITJAR, MARILYN D. BRENIO, RONALYN JAVELLANA, MERLINDA SUMUGAT,ROSENDO CADIAO, ANAGRETA LANGOTE, VIC SR. TAMBA, LOLIBETH CADIAO, LILIBETH M. LASTIMADO, NOVIE GRACE TOLEDO, LIEZYL CADIAO, NELSON J. MACUJA, ASUNCION TOLEDO, MARIA CALAY, ARLEN A. MAGNO, ERMA VALENTE, ESTHER SELAH J. CANONASO, VICKY A. MALACAD, MYRNA C. VALENTE, FERDINAND PERRY CRETENCIO, MARY JEAN MANAGUIT, AMALIA VARONA, ELSA D. DELAR, RUFINA B. MAXIMO, MAE ROSE M. VILLANUEVA I. HELEN DIONELA, FRANCIS MELICENT Y. MENDOZA, ADORA YAP, MARY ANN T. ELLORAN, NELLIE MENDOZA, JOYCE YAP, TITO ERENA, AILEEN MONTERO, NOEL D. DIAMOND 56 ABELLON, EDITHA DALISAY, ANELIA O. NERMAL, CALIXTO ABSALON, BELINDA DECENA, GLORIA H. OMAPAS, MAGDALENA ALABADO, FRUCTOSO DELOS REYES, LUVIMINA ORCAJADA, WILMA ALARCON, ROSENE DELOS SANTOS, ANGELINA ORCASITAS, JUANITA A. ALOCILJA, ROY , GEORGE DIMACUTAC, CORAZON G. PADPAD, GISELA E. ALOCILJA, SETH R. DIMACUTAC, MERLYN PADPAD, GISELA E. ALOLOD, PETE DIOSO, ELSIE E. PALACIOS, MYLENE A. ALORRO, JOSEPHINE R. ESTOLLOSO, MILA PARINASAN, APRIL ROSE ALORRO, RODOLFO M. GALANG, MARY ANN I. PICAZO, NATICY M. BALLARTA, GEORGINA HERAMIS, MARISSA PIDO, JESSIE S. BALLARTA, TEODORO HERAMIS, MARITESS C. PIDO, RESALIE BLANCIA, NESTOR L. LANGOTE, DELIA M. QUEMADO, MA. APRILLE A. CADAPAN, ANTHONY J. LAVEGA LORNA C. QUEMADO, TED M. CADIAO, NATY LOQUIAS, IMELDA SOLIS, MARNIE F. CADUT, MA. LUZ LUY, HERMINIA SUMUGAT, JENIFER CAJUYONG, EUFRONCINO A. JR MABUHAY, MERLINDA E. TAN, MERCY CAÑONASO, AMERIGO MAGSICO, JENMY VALDE, WINCHES S CUEVAS, JETHREN MAE I. MAGTUBO, AZINETH VILLADOR, PAZ B. DAG-AY, ELENA MASULA, ARTURO L. SIBALOM BRANCH SILVER 38 ALCOBILLA, DJOHANNA GIAGONE, MACARIO OCCENA, VERONICA ALDEMITA, PERLITA GORDON, ERNIE ORQUIA, ENRIQUE ZALDY ALERA, DANILO HALLARES, ENRIQUE PAULINO, MARILYN ALERA, IRENE HALLARES, VIVIAN ROSE PERANDO, ARACELI BARRIENTOS, MARE-LYN HORTILLAS, ANALIE PINO, GENALYN BESARA, STELLA MARQUINO, JULIE PLAIRA, TOMAS BUTIONG, ANALYN MARTINEZ, JESSIE SAMBAZ, JEAHSA
[76] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
COTEJO, SUZETTE MASANIT, HELEN SEBOLLEN, MARY JANE DELA CRUZ, ROWENA MENESES, JOEL TABAQUE, RONELYN DELOJA, LYDIA MIGUEL, ALEX TRABADO, ANGEL DIONISIO, REX MORDICE, ROSNEL VISTA, MARIAN DONNA R. GALIDO, REONATO NALLANA, ALJER ZAMORA, ALMA GARCIA, CRISTINA NICOR, MARY JEAN GOLD 51 ABANDO, HERNANIE FRANCISCO, EVELYN NARCISO, VILLAMEANA ABAO-AN, LILIBETH GALEDO, MERVA OBENA, ALICIA ALENTAJAN, ANANIAS GILLEGAO, LEMUEL OBINA, JOSETTE BALENSOSA, PELAGIA HALLASGO, ELIDO ONTING, LANIE BALLENAS, MARJORIE INOCENCIO, MERCY ORTIAGA, LILY BANUSING, RITA LALOY, SARAH PAINAGA, ROSALINDA BELLEZA, REYNALDO LOQUINARIO, GINA RAFIL, EBENIZER BERMUDES, ROWENA MACUANA, GLORIA SALIGUMBA, AIDA CABRAN, NENA MATALUBOS, JOSEFA SALVILLA, CECILIA CABRILLOS, ABRAHAM MATAQUEL, ALEN SANCHEZ, MILDRED CALMACIO, SWEETROSE MATAQUEL, JONATHAN SANDOY, FE CIUPAN, ERLINDA MILES, SALVACION SANTIAGO, NANCY DOLLOLASA, MERIBEL MILLONES, ANALYN SASI, LOWE ENDENCIO, MARITES MORILLO, JOSSIE SOLIS, DAISY ESPUERTA, ALMA MORILLO, JULIUS VEDAD, LYDIA ESQUILITO, PEDRO NABALAN, BERNADITA VENEGAS, JOY ESTIFANO, JEANEN NARAGDAG, LOURDES VENEGAS, RICHARD DIAMOND 25 ALOBOG, VIRGINIA MARFIL, ALEX SARENO, JOSEFINA ARENGA, EDITHA OSORIO, MARCELA TAYO, LETICIA BATIAO, EVELYN PAGAPULAN, RICARDO TOCOYO, ANA LEE CARDINAL, DARLENE PAMEYORAN, YOLIE VEDAD, JOSEFINA CORBIN, SALVACION SAPITAN, JECHERLIE VEGAFRIA, PONCIANA SAN JOSE BRANCH SILVER 43
ABSALON, MARIE EUGENIE DELGADO, MARIA AIDA N. SANAO, DELIA V. ACEBRON, AUGUSTO R. DIANA, LEONISA E. SANCHEZ, JAMIMA D. ALVAREZ, DARYL G. FEDELICIO, DONATO P. SARAD, AUGUSTUS S. ATIENZA, ELENA B FLORENTINO, THELMA SEMILLA, NIEVES S. BATIS, MARGIE B HUELE, RICARDO SERILLA, LEONCIA S. CABORNEDA, SOL B. ISRAEL, GLORIA M. SUAREZ, LORETA CAINAP, PEPITO JR S MAGDAYAO, MARYLIN M SUS, JAIME OLIVER JR. R. CAPANAS, JUDITH O. MAGNO, MELINDA P TALAMAN, MARICEL E CORONICA, CHESTER A MANZAN, AGNES C TALVES, ELESITA CUBON, NANCY M MISTIO, VIOLETA M. TUBEZA, KRISTINE J DABANDAN, EVELYN S. NOLASCO, RICHARD M. VALASTRO, MARIA MAGDALENE C. DALUMPINES, MARVIN B. PINGOY, ADELAIDA G. VALDEPENAS, CHARINA F DECENA, MOISES M. PLAIRA, JULINDA M. VICENTE, ELENA DEL ROSARIO, ROSALINDA S. RAGODO, ANGELITA S. YAP, JUNE C. SALMORIN, DEMETRIA D. GOLD 56 ABAGAT, MARIA FE L. DELOS SANTOS, ROCELA D PADERNAL, CHERRYL P. AGUIRRE, LORNA G. DIOSO, EPIGENIO E PAGUNSAN, ERWIN L. ALTEJOS, DUWARDO F. ESCANER, SHIELA MAE B. PALENCIA, MA. MARNE H. AUSTERO, IRENE F. EUGENIO, HELENE A. PALERMO, GEMMA A. AUTAJAY, JEANNE C. HUELE, GAUDIOSA U. PEñA, JAY AHN M. BABIERA, JANINE J IMBANG, MA. JULIE O. RABA, HARRY BING BALLENAS, DUANE A. JORDAN, CHERYL F. RUBIO, REGIE D. BERTOLANO, JESSICA R. MABAQUIAO, RAMONA Z. SALINAS, ANGELIE B. BRASILEÑO, MARY MAR V. MAGBANUA, CONCEPCION P. SANCHEZ, CECILIA C.
2016 ANNUAL REPORT [77] NATCCO NETWORK
CABAHUG, JOSE R. MAMADES, JOSEPHINE M. SEAT, CALIXTO S. CABRERA, ARNOLD J. MANZANO, SUNNY B SEMBRAN, SALVADOR J CHECA, MIGUELA ARTAZO MESAYRA, MA.VICTORIA A. SILVA, JOYCE C. CRUZ, JOSIE MOSCOSO, JOCELYN D. TONOGBANUA, DEBORAH S. CUEVAS, YVYN A. MURILLO, ROSARIO VALDERAMA, ROSEMARIE I DE GUIA, LIZA M. NARANJO, JOEL C VEGO, FAUSTO D DELAMIDE, NILO B. NATOR, NINFA C. VILLAFLOR, NINFA S DELGADO, NENITA M. OVIVIR, JONATHAN G. WACAY, NORBERTO A. DELOS REYES, MARL E. OVIVIR, MARIBETH YUMUL, BETTY A DELOS SANTOS, MARLENE M. PACETE, EVANGELINE SANCHEZ DIAMOND 33 ALORRO, LUZ J. GONZAGA, DONATO C. PECHUANCO, NENITA P. BAGSIC, NOEMI D. GOZO, ALBERTO G. PETINGLAY, CONRADO JR. V. BAS, SHIELLA MARIE MAE JORILLA, MANUEL JR. N. QUIATZON, MAECEL . CORONICA, LYDIA A. LABIAO, EDWIN G. SALVADOR, MARJORIE C. DALUMPINES, JOSELITA G. LABIAO, ELVIE B. SALVAN, CEZAR A. DELA CRUZ, LUZ A. LABIOS, RICKY H. SEMBRAN, LALAINE N. DOLENDO, MELBA MINGUEZ, MERLINDA SERASPE, ANTONIO M. ELIZALDE, ELSIE E. NABOR, CARMELITA SERMENO, ARNULFO ESCANILLAS, THELMA A. NAIG, JOCELYN N. TACUYAN, ROSEMARIE FERNANDEZ, RODOLFO C NAIG, RUDYARD B. TALAN, VIRGIE MAY T. GARGANERA, HERBIE A. ORIEL, CHITA UCAG, DOLOROSA T. BALASAN BRANCH SILVER 21 AGUISANDA, DANILO A. BERMEJO, NILDA G. LANGREO, RODOLFO B. AGUSTINO, ELNA V. BERUG, MARIBETH D. MOSQUEDA, JUDITHA D. AMISTOSO, JEAN F. BUENAVISTA, RACHEL B. OSAL, MARY JANE C. ANDRADA, MONICA G. DIODOS, CRISTITA A. RAMOS, AMIFA B. ANDREO, RUDITHA M. ELMEDORIAL, RUTH SEVILLA, ERNIE BANTILING, VICTORIA GERMENTIL, TEODY S. TOLENTINO, FEBE L. BASE, ALICIA A. LACABE, ROCHELLE P. VERGARA, NARCISA N
GOLD 37 ALARCON, EDEN B. BARBA JR, AMBROSIO B. LUENA, REX M. ALCONGA, ELLA A. BARBOZA, CONCEPCION V. MACAHILO, JESSA B. ALCUBILLA, JOSE NOEL T. CABARLES, MARICHEL M. MAGTIZA, DIMA M. ALFUENTE, FLORENDA CABRILLOS, SYLVIA S. MOLINA EUGENE F. ALPASAN, SHADEN H. CASTRO, GINA L. PACARDO, REY D. ANZON, SHIELA MAE M COBBOL, REMMELIE J. PANES, MARIANO P. APRESTO, REGIE M COGOLLO, ALICIA A. PARCON, ROLENDA B. ARCOSA, CRESENCIO M DELOS REYES, EDWARD A. PAZ, XZ MAY P. ARELLANO, JOSEFINA FUENTES, JOY POSECION, ANABELLE B. ARTUS, MA. LUISA A. GASENDO, JINKY B. TABELLA, CLAIRE P. BALIGALA, REXFORD JIM A. LABANG, NIDA B. TEODOSIO, EVELYN M. BANES JR, CARLOS S. LABANG, NIMROD B. VILLARUEL, ANGELINA I. LAGOS, ESTHER LILY B. DIAMOND 25
AGUILAR, VANESSA CALAMBRO, RUBY GUATCHE, JENILYN ALIANZA, CECILIA E. CLARIZA, CARIDAD G. OBLIGAR, GEMMA A. AMISTOSO, GABRIEL SR. B. COGOLLO, JOSE D. PALOMATA, JONAH S. ASIGNACION, DONABELLE DELA ROSA, PSYCHE PROBADORA, RENE S. BALDEVARONA, ADONES B. DEMAPANES, JULIE S. SANCHEZ, ANA ROSE S. BANES, PERLA B. ESCANO, MARGARITA R. TICZON, NOEL BARGO, ANALYN B. FUENTES, MONICA J. TUNGALA, NIEVES C. BOTANERO, GERMELINDA GANA, MA. LOURDES C. VILLANUEVA, ARIEL RECKONETTE ZAMORA JR, SOTERO B.
[78] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE BAROTAC VIEJO SILVER 99
ABELA, ENNA E. BATCHAR, CRISTETA A. LECCIO, WINNIE T. ACLARACION, FREDA B BAXINELA, HARVEY B LONDRES, MERLINDA B. ACLARACION, MA. CORAZON B. BAYOTAS, JOCELYN B. LONDRES, WARLY M. AMPATUAN, HOPE F BEDUA, ROBEL D. LONGNO, HERNANE H ANAS, ROSENIA B. BEGASIN, SUZETTE B. LORICA, PACIENCIA L. ANDOG, EDWIN P. BELLOGA, LYNNE C LORILLA, JOSE ELBERT G. ANIVERSARIO, RHEA N. BILLONES, ROMEL H MAJADUCON, PATRIA C. ANTOPINA, NORMA H BIÑAS, LEO D. MAJARUCON, NIEVA D. ARCAN, BELEN B. BOMARAS, REYMAN L. MALONES, ALEX D. ARMENTIA, DENIA S. BOMBITA, CHONA B. MANIPOL, AMADA I ARMENTIA, ROMELITO M. BRILLANTES, MARY ANN B. MARQUEZ, LILIBETH A. ASPARO, MARION P. BUYCO, JOEY A MONICODE, LANI B. ASUGA, IRENEO JR. J CABORUBIAS, FARRAH B. MONTIALBUCIO, SHANNEL P. AZUCENA, SONIA A CAINGLET, MARY JEAN A. NAMOC, RENA G. BACALANGCO, ANTHONY V. CATALAN, CELIA L NAVAL, GEMMA B. BACAYO, GLORY JEAN A. CAUSING, MARINA C. NAVARRO, RADEN T. BACLAGON, MERECHOR E. CUDO, REY B OBLIGACION, HOMER M BALASOTO, LINDA J. DAGO, LEONARDO C. PANIZA, GARRY C. BALAYO, JASMIN B. DEALLO, JENNY B SALAZAR, GEM R. BALAYO, JOSEPHINE A. DELLO III, LUCAS D. SALUTIN, MARICAR L. BALAYO, MARINA J. DOLENDO, JOSEPHINE V. SANDOVAL, BECKY N. BALDEVIESO, MAE L. ELANGA, JIMMY J. SANTIAGO, GERALDINE L. BALICAO, LETTY B. EXPECTACION, JAY A. SARMIENTO, ALBERTO H. BALOFINOS, EMMA B. FALAGNE, JAY F. SILVA, PEDRO JR. B. BALQUIN, ROGELIO N. FERNANDEZ JR., DIONISIO P. SUDARIO, CYNTHIA C BANARIA, MARY MYVEN A. FERNANDEZ, JOVEN P. SUSTITUEDO, LILY E. BANZON, KIM JOHN D. FUNDAL, JOCKY D. TACANG, ANDRIAN T. BARABONA, AIDA E. GALLENERO, CHARLIE G. TUPAS JR., VICTOR O. BARCELONA, ARIEL S GUILLERMO, ROLANDO B. TUPAS, ELISA T. BARISON JR., WILHEM Y. JUANICO, ARLEEN B. VALERIA, EMILIE Z BARLIZO, ANNIE L JUELE, RENANDE N. VALERIA, JOVINO H BARLUADO, FREDILA A. LAGRADANTE, LENY B. VENCER, ENA C. BARNUEVO, LEO T LANDAYAO, CHRISTINE A. YCOY, JEORLIN C.
GOLD 4 BASINANG, VICENTA G. BALQUIN, FRIEDA T. BACTAN, LORADEL I. DABI, MARY ANN C.
CATICLAN BRANCH SILVER 18 CASUNCAD, MARIA SOL LABINDAO, ELMER MAGANO, RODEL ELITIONG, THELMA MILOSAVJEVIC, TERESITA SALIBIO, HONORIO CASUNCAD, ROSELYN MATA, RODOLFO JR V. ROLDAN, ROSALEO MARTIREZ, FELUMILIA IGUIRON, EDUARDO DAGOHOY, VER C. RETOME, JULINO CABRERA, DEMMY M. BALDERRAMA, ANTHONY PADERES, FLORANTE OCZON, RUBEN CUATRIZ, JENLIE
2016 ANNUAL REPORT [79] NATCCO NETWORK List of Representatives for 2017 Representative Assembly BARBAZA BRANCH
District A YOLANDA BERNESTO ANNIE CRISTOBAS FAUSTA BENALITA MICHELLE MAGTULIS ANGELINA JUANITAS AURORA FLORES GERALINE REYMUNDO NENA TUMAOB DOMINICO ESPANOLA ELMA MAXIMO HETHER DELOS SANTOS NORBIE ALABADO AILEEN MAGTUPA ESMERALDA FLORES JULIA REMO ROBERT MARQUEZ District B FLORENTINA CASTRES ZENIA NACIONALES ABNER DAZA VIVINA BENDITA CYREL EVE ESPARES GEMMA TATOY JENNIFER ESPARES DOLORES CEPEDA BENEDICTO BANA PERLA MARTINEZ VIRGIE TALAGTAG HELEN SELIBIO District C GUIA BRAVO CARMELITA YUPANO ROLANDO MANSANARES PRECIOUS POJAS GEMMA CRUZ ROBERT LOBRICO DERLY ESPANOLA FEROLYN JUNGCO MARIA PALMA HELEN AREVALO MENDY MACABANTE NENITA OGATIS ELMA ASUNCION FRANKLIN VILLAFLOR LIGAYA LANGA LYDIA REYES District D JUDITH JUANITES BELLE ALAVARTA RYAN R. ALABADO JACOBINA ALABADO JOHNNY LUCES ALICE JUANITAS EVELYN REMO CHARLYN MAE HELEN YBERA ESTRELITA LUCES CORAZON TINGSON ESPANOLA District E ERNESTO VILLARAM MERLYN ESPARES BENITO MARQUEZ ROSALINA CALONCE OSCAR MAGHARI MARY JANE JUNGCO MA. ELENA GINDAP FELIZA NECESARIO MA. TERESSA SUELON MARLYN NECOR MARIBEN YONGQUE NICOLAS VALENTIN FELOMINO ALABADO TERESA MAGHARI RAMONA MARQUEZ ARTHUR ESPARES ANDREA VALENTIN MARIVIC ESPARES MA. LUCILLE MODESTO MARY ROSE GRAJO District F ADELAIDA BALLENAS SOCORRO CARMEN WILMAR SAMSONA EVELYN MENDOZA GRACIANO BANGCAYA BALLENAS FELICIDAD ESPARTERO CESAR ESPAGO JOCELYN VILLARAM NENITA CAMILO BEN VICTORIANO BEN DELA CRUZ BERNARD BEN BALLENAS MA. GERROSE VIRAYO EFREN BERDAN LYCA PALOMATA DISTRICT G - TIBIAO MA. WILNAH GINDAP FRANNIE CUMLA GINA LABRAGUE JOCELYN MARCELINO JULIE ATILANO EVA MENDOZA JOEMAR SEMILLANO GLORIA BAJALA HILDA AMSON JEMELYN BALENA JASMINE JUNE ABSALON REV. ROMMEL MARCELINO MARY LOU ANTONIO LILIA MADAUG
CULASI BRANCH
District A ELENIA GALIDO SYLVIA GATILA JULIETA BAYLON MYRNA AYON ELSIE DIOSO MERLINDA LEDESMA District B HIPOLITO MARTINEZ FRANCIS MELICENT EMILIA BALLO ALLO MARISSA HERAMIS AURELIA DELOS REYES DIONELA JOSEPHINE ALORRO District C TED QUEMADO ANTHONY CADAPAN NILDA CHAVEZ FE GRANOLIN GILDA MOSQUERA ELMA DELA CRUZ ERMY ALORRO District D FRUCTUSO ALABADO JR MILA ESTOLLOSO HELEN VILLANUEVA NATY CADIAO TEODORO BALLARTA District E AMANCIO ESTOLLOSO AMY SANCHEZ EDNA ORCAJADA WINNIE DUMLAO RODOLFO ALORRO JESSIE PIDO ESTRELLA GAUTANI
[80] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
SIBALOM BRANCH
District A PONCIANA VEGAFRIA LYDIA VEDAD NENA CABRAN LILY ORTIAGA District B EDITHA ARENGA YOLLIE PAMEROYAN EVELYN BATIAO District C MARJORIE BALLENAS JONATHAN MATAQUEL EUFROSINA MILLONDAGA LETICIA TAYO District D REYNALDO BELLEZA JECHERLIE SAPITANAN ALJER NALLANA District E ALLAN LOQUIAS JESSEREL VILLASOR JONALY VILLAR JESSIE MARTINEZ District F MERIBEL DOLLOLASA MARCELA OSORIO MEMORABILLA OMALLAO ROWENA DELA CRUZ JOSIE OPERIO
SAN JOSE BRANCH
District A EUGENIO H. HONOLARIO RIA S. SERDEÑA TERESITA P. FALOGME MARICEL E. TALAMAN ROSALINDA M. FERFAS District B SALVADOR J. SEMBRAN LUZ J. ALORRO RAMONA Z. MABAQUIAO VALDERAMA WENNIE ERWIN C. ALTAR LALAINE N. SEMBRAN ROSEMARIE I. ADELAIDA G. PINGOY District D ROMMEL DAVO FILIPINA M. BERNARTE JOCELYN D. MOSCOSO ROSARIO MURILLO ANGELITA S. RAGODO JULINDA M. PLAIRA District E JOSE N. BARIA JR. VILMA OSORIO MA. MARNE H. PALENCIA RODNEY L. SALINOG MERLINDA MINGUEZ EDWIN G. LABIAO District F RUDYARD B. NAIG DANILO M. GARCIA CARMELITA NABOR JASMIN G. MILITANTE ELSIE E. ELIZALDE District G LYDIA A. CORONICA THELMA FLORENTINO REGIE D. RUBIO District H CONRADO V. PETINGLAY JR. SHIELA MAE B. ESCANER ROSEMARIE M. DALUMPINES
BALASAN BRANCH
District A ALARCON, EDEN VILLANUEVA, ARIEL RECKONETTE SEVILLA, ERNIE SONA, ARNALDO TOLENTINO, FEBE DELOS REYES, EDWARD LABANG, NIMROD TUNGALA, NIEVES District B LUENA, REX OPAO, TYRONE BASE, ALICIA BUENAVISTA, RACHEL BULLOS, DELIA ELMEDORIAL, RUTH District C PACARDO, REY District D MOLINA, EUGENE
2016 ANNUAL REPORT [81] NATCCO NETWORK
BAROTAC VIEJO BRANCH
District A BACAYO, GLORY JEAN LORICA, PACIENCIA BASINANG, VICENTA CUDO, REY TUPAZ, VICTOR GUILLERMO, ROLANDO LANESTOSA, VERONICA PADRONES, WILMA MONICODE, LANI ACLARACION, MA. BANGERO, ANGELITO BARRO, NEY BALAIROS, ANTONIO JR. CORAZON BARLIZO, ANNIE LANESTOSA, MA. PEGARIDO, ERVIN JUANICO, ARLEEN BARRETTO, DELIA CONCEPCION BARLUADO, FREDILA BALILA, ELSON BANAYNAL, MERIAM AZUELO, EMELIA SILVA, PEDRO JR. AZUNAR, RODOLFO BALATONGLE, WILFREDO BEGASIN, SUZETTE ANAS, ROSENIA SALVADICO, MONAVE BUENAFLOR, ROFIE District B CRISTOBAL, JOHNNY FALAGNE, JAY HERIDA, MA. THERESA PIAD, FERCELITA ABUNIAWAN, RAUL PAJA, MINDA SAMILLANO, JINA BELLOGA, LYNNE ANDRE-I, NIEL ASAN, JULITO District C DELORIA, LEOME DABI, MARY ANN ANDRES, NEMIA FRANCES DELLO, LUCAS III BELLOGA, ROWENA JAGUNAP, IAN SARMON, LUCINDA RUBITE, MARY LOWEL ARBES, JOVI DUREMDES, JOCELYN MONTIALBUCIO, REA, ROSALIE APURA, EDEN LANDERO, JANET SHANNEL ABOLUCION, HENNY CLARETE, MARLYN MACAPAR, JANE
CATICLAN BRANCH
District A ELITIONG, THELMA AGUIRRE, MA. LEZYL BAGUIPO, ELSIE DE PEDRO, ROSEMARIE BRIONES, DENNIS BAON, GEMMA BARRIENTOS, GINA District B FLORES, ALICIA MILOSAVLJEVIC, TERESITA SALLADOR, ROSENDO District C SAGUN, RENE BOY ABANERA, RUEL LUMBAO, ROBERTO MOLO BRANCH District A PEDREGOSA, LYDIO AGSAM, PERCIVAL RUBIN, BERNADETH AVANCEÑA, PILAR MADRIAGA, LAILANIE District B FLEJOLES, REX JAYME, MARY ANN NACIONAL, ROSELA JANAYSAY, NINFA
KALIBO BRANCH
District A PABLITO R. ESCALONA NORBERTO M. DURAN ED R. MACOGUE District B PURITA S. BELTRAN EMERALDA R. AME EDITHA I. DE LEMOS LUZBELLA I. ISADA CARMELLE D. BULACLAC
[82] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE SOCIAL SERVICES Barbaza Multi—Purpose Cooperative has been actively taking part into societal development and transformation through its social services activities that leads to improves the quality of life of its members and the disadvantage section of the society.
Kasalang Bayan sa Kooperatiba Special Program for the Brigada Eskwela February 15, 2016 Employment of Student May 2016 May 2016 Benefi ciaries: 22 Unwed Members Total Number of SPES: 20 Total Number of Schools: 9
Scholarship Program Livelihood Trainings Livelihood Trainings Total Number of College Scholars: 6 May 2016 May 2016 Total Number of High School KABARKO Youth Group Benefi ciaries: Naba Livelihood SKA Scholars: 16
Adopt A School Program Blood - Letting Activities Natural Farming Seminar June 2016 September 2016 October 2016 Total Number of School: 28 Barotac Viejo and San Jose Branch Participants: 50 Farmer-Members Total Number of Students: 1, 515
KABARKO Tree Planting Christmas Gift Giving Activities Christmas Gift Giving Activities Barangay Esparar, Barbaza Antique December 2016 December 2016 300 Total Seedlings T o t a l Y o u t h B e n e fi c i a r i e s : 3 0 Total Senior Benefi ciaries: 198
2016 ANNUAL REPORT [83] NATCCO NETWORK 5th Representative Assembly Highlights
Arrival, Registration and Billeting at Sarabia Manor Hotel, Iloilo City
Welcome Address from Mr. Dominador S. Co, Executive Opening Ceremony Opening Prayer Assistant for Tourism, Iloilo City
Opening Remarks from Solidarity Message from Ms. Evelyn C. Remo, Presentation of Offi cers and Hon. Gerry Necor, Barbaza MPC BOD Chairperson Staffs Barbaza Municipal Mayor
Keynote Speech From Closing Remarks from Hon. Orlando Ravanera, Awarding and Recognition Mr. Felimon Espares, CDA Chairman Barbaza MPC CEO/Gen. Manager
[84] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE 5th Representative Assembly Highlights
Solidarity Night Live Band Raffl e Draws
Holy Mass Business Proper External Auditor Report
The Representatives
Management Report Declaration of Winner of Raffl e Draws Electoral Candidates
2016 ANNUAL REPORT [85] NATCCO NETWORK 2016 BMPC Highlights
HR Diagnostic by NATCCO Orientation on New Ownership Meetings January 2016 Philippine Bills by BSP February 2016 January 2016
5th Representative Assembly Induction of Offi cers March 2016 April 2016
Risk Management Summer Youth Camp Trainers Training Management Training May 2016 May 2016 April 2016
5th Visayas Regional Coop Orientation of Launching of ESOF Development Summit Laboratory Coop Program in Malaysia May 2016 May 2016 May 2016
[86] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE 2016 BMPC Highlights
Natural Farming CAC Business Planning One Coop Health System Seminar August 2016 Investment Forum June 2016 September 2016
Villar SIPAG Foundation MOA Signing with SSS Sponsored Seminar July 2016 July 2016
Financial Education on Cooperative Summit with Cooperative Month Regional Programme on Government Agencies Celebration Remittances October 2016 October 2016 July 2016
District Assemblies Year-End Coop Christmas Party November 2016 Assessment and Planning December 2016 December 2016 2016 ANNUAL REPORT [87] NATCCO NETWORK PRODUCTS AND SERVICES
Depositing Services Lending Services Coop Automated Teller Machine
Marketing and Otoshi-Ami Project Cable and Rice Retailing Internet Services
BMPC Learning Center Climb Insurances and SSS & PhilHealth I-Group One Coop Health Services Insurance
Mobile Banking & Money Coop Gas Refi lling COOP Funeral Care Transfer Station
[88] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE THE BOARD OF DIRECTORS
CORAZON C. TINGSON CHAIRPERSON
NICOLAS VALENTIN EVELYN C. REMO FELIZA NECESARIO VICE-CHAIRPERSON GENDER & DEVELOPMENT DELINQUENCY
TEODORO BALLARTA JESSIE PIDO BERNARDO BEN BALLENAS AGRICULTURE FINANCE & INVESTMENTS YOUTH
2016 ANNUAL REPORT [89] NATCCO NETWORK HEAD OFFICE
ESPARES, FELIMON ACDOL, PERCIBAL AMANTILLO, ALEXANDER JR. Chief Executive Offi cer Chief, Accounting Division Chief, HR Division
AUTAJAY, JOGIN NECOR, MARLYN BAÑA, ERWIN QUIDOR, PATRICK TOLENTINO, PAUL PHILIP Chief, CATV Division Chief, Admin and Finance Division Internal Auditor HR Associate Marketing Specialist
VILLAVERT, MAUREEN KRISTIANNE VECINA, BUENA JEAN BAYOLA, LORAINE AMANTILLO, APRIL ROSE ZACHARY VIRAYO, MA. GERROSE Membership Recruitment and Loan Quality Portfolio Offi cer Accounting Offi cer Accounting Specialist Accounting Specialist Development Specialist
SAMSONA, WILMAR CABASAN, LARAH MAE SARENO, DANIZA JOY NAMBONG, ANALYN SAMSONA, ROLAND Accounting Specialist Accounting Specialist Property Custodian CAC Specialist CATV Field Supervisor
[90] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE MAIN OFFICE MAIN OFFICE (CREDIT DIVISION)
ALABADO, LEONIL ARGUELLES, GLENN BAÑA, MARY JANE Branch Manager Loans Account Specialist Loans Account Specialist
MARTINEZ, GUISEL MAGTULIS, DENVER VINCE ESPAGO, THEA ANNADETTE NECOR, MA. SHEREL MAGTURO, MICHELLE Loans Account Specialist Loans Account Specialist Loans Account Specialist Teller Teller MAIN OFFICE (CABLE DIVISION)
AÑONUEVO, MERRYL CRUZ, MADELIENNE ESPANOLA, CHEMBERLY Teller Teller Membership Specialist
ESPARTERO, OGSENIO BAJALA, ALAN Outside Plant Supervisor CATV Service Specialist
CABRERA, JOSE EMMANUEL TALAGTAG, PETER OGATIS, ARAN DALE PECHAYCO, JUAN BANGCAYA, GRACIANO CATV Service Specialist CATV Service Specialist IT Service Specialist Driver/Mechanic Maintenance Custodian
2016 ANNUAL REPORT [91] NATCCO NETWORK CULASI BRANCH
MONDIA, RUTH SAMILLANO, DEXTER Loans Development Offi cer Loans Development Offi cer
ZAMUDIO, MILROSE Branch Manager LOQUINARIO, IAN HUBERT LISAY, LEAN MARQUEZ, ANN JUNE RONA Loans Account Specialist Loans Account Specialist Teller
SIBALOM BRANCH SIBALOM BRANCH (CREDIT DIVISION)
ALEJANDRINO, MARY CRIS HERNAEZ, CHERYL MARIE RAZ, TEZA ELAINE Cashier/Loans Account Specialist Loans Account Specialist Loans Account Specialist
MAGABILIN, NELSY Branch Manager
MAGDAYAO, JONACEL MARTINEZ, JOAN METODA, LAURENCE Loans Account Specialist Teller Teller
EUSEBIO, EDUARD OPINA, JOENITO SIBALOM BRANCH (CABLE DIVISION) CATV Service Specialist CATV Service Specialist
[92] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE SAN JOSE BRANCH
SAN JOSE BRANCH (CREDIT DIVISION)
TOCOYO, REY MACARANAS, RUTH MILITANTE, JASMIN Branch Manager Loan Development Offi cer Loans Account Specialist
JUMAGBAS, HERBERT CATAMORA, JONESSA ESPANOLA, AILEEN ORQUIA, LIEZL MARIANNE LUCES, YASMINE DAWN Loans Account Specialist Loans Account Specialist Teller Teller CATV Accounting Specialist
SAN JOSE BRANCH (CABLE DIVISION)
NAMBONG, JUVY SONGCAYAWON, ARNOLD BAYOLA, RONILO GERSANIVA, CHRISTOPHER Outside Plant Supervisor CATV Service Specialist CATV Service Specialist CATV Service Specialist
VARGAS, ANSELMO IMBANG, NOLAN LEDESMA, JAYSON CATV Service Specialist IT Operations Specialist IT Service Specialist 2016 ANNUAL REPORT [93] NATCCO NETWORK BALASAN BRANCH
BERICO, CAROLINE NAMBONG, PETER Loans Account Specialist Loans Account Specialist
AMBID, GOLDA BATAYOLA, DIVINE GRACE TEJARES, MARIE NELL Loans Account Specialist Teller Branch Manager
BAROTAC VIEJO BRANCH
ANZON, DONNA ROSE GERTOS, RAMNIC Loans Account Specialist Loans Account Specialist
BAUTISTA, EDWIN MOISES, MA. FEVELENE MONDEJAR, MILAVIC Branch Manager Loans Account Specialist Teller
[94] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE CATICLAN BRANCH
ALAVATA, FELISA AMOR GALVEZ, REDEMPTION Loans Account Specialist Loans Account Specialist
MONDIA, SHERYL LACHICA, CHARITY VERGARA, RAMIE EDWIN GANANCIAL, MARIAN DALE Branch Manager Loans Account Specialist Loans Account Specialist Teller
MOLO BRANCH
JANAYSAY, RYAN BANGCAYA, SHERYLL MAE ESPANOLA, RAFFY Loan Development Offi cer Cashier/Loans Account Specialist Loans Account Specialist
MAGBANUA, MICHELLE BALATONGLE, VINNA NACIONALES, MA. TERESA DOTIMAS, CHRISTINE JOY Branch Manager Loans Account Specialist Teller Membership Specialist
2016 ANNUAL REPORT [95] NATCCO NETWORK KALIBO BRANCH
CADAWAS, MARY DAYNE DE JUAN, LIZA Cashier/ Loans Account Loans Account Specialist Specialist
SANCHEZ, EDWIN Branch Manager
SACRAMENTO, HAZEL LOQUIAS, EDA MAE HEMPISO, LADY LEE Loans Account Specialist Cashier/ Loans Account Teller Specialist
LEARNING CENTER LOCAL PRODUCTION
ARGUELLES, JESSICA BACCAY, MADONNA BAS, SHEILA MARIE MAE LONDRES, RANDY ZALDIVAR, PETER RHANDY Teacher Teacher Local Production Staff Local Production Staff Local Production Staff
[96] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE CCT FOCAL PERSONS
ISADA, ELISA NEON, NELSON JR. PAZ, ROY Molo Kalibo Balasan
SECURITY GUARDS
BAAT, ROY CONDES, JAY - R MANAGUIT, BENJIE IMPORTANTE, ARNOLD MAGTULIS, BLAS Barbaza Barbaza Culasi Culasi Sibalom
YBERA, RANDY AMISTOSO, NOEL CAPANGYARIHAN, ANGEL BARCARLOS, REYNALD BAYOTAS, EROLE Sibalom San Jose San Jose Balasan Barotac Viejo
MONICODE, KENNETH JOANREY BELIRAN, RHEAY GALARIO, PERLITO MERCADO, RICH BAUSON, GEONIFER Barotac Viejo Caticlan Molo Kalibo Kalibo
2016 ANNUAL REPORT [97] NATCCO NETWORK SEA OIL BALASAN
BUENAFLOR, SONDY DELA CRUZ, ROSELYN BANTILING, FRANCISCO ANTAY, DARYL Station Supervisor Cashier Cashier Pump Attendant
FRANCO, RENO PORRAS, MARJON BASEA, ARMAN Pump Attendant Pump Attendant Security Guard
SEA OIL CATICLAN
AGUIRRE, MA. LEZYL DE PEDRO, ROSEMARIE TUMAOB, ERIC CLARK CAHILIG, RAFFY Cashier Cashier Cashier/Pump Attendant Pump Attendant
INGUILLO, ROGIE SOLANO, JAYSON CONSTANTINO, RODEL Pump Attendant Pump Attendant Secrity Guard
[98] 2016 ANNUAL REPORT BARBAZA MULTI-PURPOSE COOPERATIVE
BOD Chairpersons for the last 52 years
MR. GIDEON O. YONGQUE SR. MR. JOSE TINGSON MR. JOSE I. INOCENTES 1965-1976 1977-1988 1989-1991
MR. ADOLFO YONGQUE MRS. VIOLETA A. SUMULAT MS. FELIZA B. NECESARIO 1992-1997 1998 1999-2000
MR. ROME S. ANDRES MRS. MILAGROS Y. GARION MS. EVELYN C. REMO 2001-2003 2007-2008 2012-2016
MRS. CORAZON C. TINGSON 2007-2008 2004-2006/2009-2011/2016-Present
2016 ANNUAL REPORT [99] NATCCO NETWORK COOP THEMESONG COOP CABLE THEMESONG I Refrain Come and see the future Buylog mga katawhan Come and see the world Sa aton kaaraydan Feel the sound of nature in your every home Coop ta sakdagon Know the news and updates the Pangabuhian mapadayon Headlines the latest Coop, coop, kati mbang kang banwa Feel the beat of music even in all places Bugsay kang kabuhi, Kooperati ba II II You family, your home, Ang Kooperati ba, bugal gid kang banwa Your link to any nati on Nga amo ang darangpan We’re here to serve your needs Kang nagakinahanglan thru internet services Duro nga mga serbisyo The one and only stati on your COOP Ang ana ginadara For all seasons Sa tanan nga mga miembro Your future, today. Kag sa bilog nga nasyon ta. Refrain Repeat Refrain At Barbaza Cable we bring you the best III We’re here today and always Mga kabugtuan, maghugpong ron kita Your gateway to success Bilang sangka pamilya nga nagahiriusa Come and be our member Sa kooperati ba, nga may pag-alagad And you will discover Kanaton tanan tanan Coop Cable, your partner, your life. Kag sa dunang manggad III IV Come and see the future Magkalipay kita tanan Travel far and near Sa bugay nga naangkon Meet all kinds of people Kay may coop kita thru Barbaza Cable Nga nangin mainuswagon You can be our partner Regalo halin sa Diyos for life and forever Nga aton nabaton You will have a future here Agud kang kabataan, anda panublion. At COOP Cable Repeat IV Back to II Agud kang kabataan Back to Refrain except last line Anda mapadayon COOP Cable, COOP Cable, COOP Cable, COOP Cable Your partner, your life
Cooperative Pledge
As a Filipino, I am and I believe in the cooperati ve Alone, I am weak But with others, I am strong So I commit myself, to work, to cooperate For all to be prosperous
Harmony, industry, I will value Cooperati ve aff airs I will att end Responsibiliti es I will assume The cooperati ve philosophy, I will live
One vision, one belief, one feeling In cooperati vism, my life I pledge So help me God.
[100] 2016 ANNUAL REPORT