Subordinate Agency Financial Statement and Consolidated Tables of General Financial Statement of Taichung Municipal Government, FY2024

1. The general financial statement expresses the execution status and effectiveness of various administrative plans, and the financial statement of a fund includes the items and amounts of the subordinate agency's main financial table, detailed table and reference table. Subordinate Agency Financial Statement and Consolidated Tables of General Financial Statement of Taichung Municipal Government, FY2024 are carefully compiled after cross checking these items and amounts. Through the comparison between the budget and the financial statement, the fund's operating performance and deficiencies can be evaluated and measured, so as to formulate future annual operating policies, budgeting plans and improve the financial management; it can provide suggestions on the financial strategy of each fund, so as to improve the fund's operating efficiency.
2. In order to strengthen the assessment of budget execution and enhance financial efficiency, the subordinate agency financial statement is compiled for 23 special funds of the city in accordance with the relevant provisions of the Financial Statement Act. Subordinate Agency Financial Statement and Consolidated Tables of General Financial Statement of Taichung Municipal Government have been reviewed and compiled by the Department and submitted to the audit agency for review and approval.

(1)The reviewed and approved results of the business revenue and expense of Enterprise Funds, Operations Funds and Special Revenue Funds are as follows:

A.Enterprise Funds (two funds including Fengyuan Agriculture Production Co., Ltd., etc.), the total revenue is NT$533 million and the total expense is NT$1.027 billion; the Net Loss of NT$494 million for current period.

B.Operations Funds (11 funds including Taichung City Urban Land Consolidation Plan Fund, etc.), the total revenue is NT$36.509 billion and the total expense is NT$24.133 billion; the Surplus of NT$12.376 billion for current period.

C. Special Revenue Funds (9 funds including Taichung City Local Education Development Fund, etc.), the income is NT$77.329 billion and the expenditure is NT$69.732 billion; the surplus of NT$7.597 billion for current period.

(2). The reviewed and approved results of earnings distribution and loss compensation of Enterprise Funds, Operations Funds and Special Revenue Funds are as follows:

A. Enterprise Funds:
(a). Funds with earnings in the year: The Net Profit of the period is NT$4.1 million and the Accumulated earnings is NT$48.6 million; the Legal Reserves from earnings is NT$0.4 million, and the Unappropriated Retained Earnings is NT$52.3 million.

(b). Funds with a loss in the year: The Net Loss for current period is NT$ 498 million and the Accumulated loss is NT$ 2.631 billion; the Loss to be Made-up is NT$ 3.129 billion.

B. Operations Funds:
(a). Funds with a surplus in the year: The Surplus for current period is NT$12.655 billion and the unappropriated surplus for prior period is NT$19.101 billion; the balance of surplus Appropriations including make-up of Accumulated Deficits NT$ 374 million, the Net Submitted to Treasury in Taichung is NT$5.405 billion, the Other Legal Allocations is NT$2.569 billion; the Unappropriated Surplus is NT$23.407 billion.
(b). Funds with deficits in the year: The Deficits of current period is NT$279 million and the Deficits to be Made-up for prior period is NT$136 million; Coverage from surplus is appropriated to fill "Make-up of Deficits" of NT$374 million, and the Deficits to be Made-up is NT$41 million.

C. Special Revenue Funds:
(a). The Fund Balance at the beginning of the period is NT$28.837 billion, the Surplus for current period is NT$7.597 billion, and the Fund Balance at the end of the period is NT$36.434 billion.