Subordinate Agency Budget and Consolidated Tables of General Budget of Taichung Municipal Government, FY2021

1. Budgeting

There are 21 special funds in total in the Subordinate Agency Budget and Consolidated Tables which are classified and summarized under Enterprise Funds, Operations Funds and Special Revenue Funds. The consolidated table is prepared to realize the government's policies and plans and strengthen the service for the citizens, in order to improve public welfare and municipal construction, and properly plan the overall financial resources.

The income (source) of the Subordinate Agency Budget and Consolidated Tables of General Budget Proposal of Taichung Municipal Government, FY2021 is NT$77.225 billion, and the expenditure is NT$76.702 billion (F/A, long-term investment and I/A of Enterprise Funds and  Operations Funds are NT$5.686 billion). It was reviewed and approved by the City Council on December 14, 2020 as it was, and promulgated for implementation according to regulations. The statutory budget for 2021 is NT$76.702 billion, which is NT$8.411 billion less than the 2020 budget of NT$85.113 billion, or a decrease of 9.88%.

2. Budget of business Revenue and Expense of Enterprise Funds, Operations Funds and Special Revenue Funds for the period:

(1) Enterprise Funds (two funds including that of Fengyuan Agriculture Production Co., Ltd.) will have total revenue of NT$517 million and total expenses of NT$1.171 billion; a Net Loss of NT$654 million for current the period.

(2) Operations Funds (10 funds including Taichung City Urban Land Consolidation Plan Fund, etc.) will have total revenue of NT$17.859 billion and total expense of NT$10.093 billion; a Surplus of NT$7.766 billion for current period.

(3) Special Revenue Funds (9 funds including Taichung City Local Education Development Fund,etc.) will have an income of NT$58.849 billion and an expenditure of NT$59.752 billion; a Deficit of NT$903 million for current period.

3. Budget for earnings distribution and loss compensation of Enterprise Funds, Operation Funds and Special Revenue Funds:

(1) Enterprise Funds:

A.Fund with earnings in the year: The Net Profit for the period will be NT$2.7 million and the Accumulated Profit will be NT$41.6 million; the Legal Reserves from earnings will be NT$0.27 million, and the Unappropriated Retained Earnings will be NT$44 million.

B.Fund with a loss in the year: The Net loss for the current period will be NT$657 million and the Accumulated Loss will be NT$1.167 billion; the Loss to be Made-up will be NT$1.824 billion.

(2) Operation Funds:

A.Fund with a surplus in the year: The Surplus for Current Period will be NT$8.316 billion and the Unappropriated Surplus for Prior Period will be NT$21.936 billion; the balance of surplus Appropriations including Make-up of Accumulated Deficits NT$551 million, and Net Submitted to Treasury in Taichung will be NT$14.555 billion; the Unappropriated Surplus will be NT$15.146 billion.

B.Fund with deficits in the year: The Deficits of Current Period will be NT$551 million and the Deficits to be Made-up for Prior Period will be NT$10 million; NT$412 million will be Coverage from surplus for Make-up of Deficits, and the Deficits to be Make-up will be NT$149 million.

(3) Special Revenue Funds:

The Fund Balance at the beginning of the period is NT$10.252 billion, the Deficits in the period will be NT$903 million, and the Fund Balance at the end of the period will be NT$9.349 billion.