Function Hall and Services

Total Project Cost

Particulars Proponent Land Bank
Fixed Assets
Land (300 sq.m.) ₱ 2,000,000.00
Building ₱ 1,500,000.00
LED Lights ₱ 100,000.00
Sound System ₱ 100,000.00
Tables and Chairs ₱ 20,000.00
Computer Set ₱ 20,000.00
Subtotal ₱ 2,040,000.00 ₱ 1,700,000.00
Pre-operating Asset
Permits and Licenses ₱ 10,000.00
Subtotal ₱ 10,000.00
Total ₱ 2,050,000.00 ₱ 1,700,000.00

Working Capital (1 month)

Salaries and Wages ₱ 36,900.00
Office Supplies ₱ 1,000.00
Utilities Expense ₱ 5,500.00
Communication Expense ₱ 1,600.00
Maintenance Expense ₱ 15,000.00
Total ₱ 60,000.00 ₱ -
Grand Total ₱ 2,110,000.00 ₱ 1,700,000.00
55% 45%
 Total

₱ 2,000,000.00
₱ 1,500,000.00
₱ 100,000.00
₱ 100,000.00
₱ 20,000.00
₱ 20,000.00
₱ 3,740,000.00

₱ 10,000.00
₱ 10,000.00
₱ 3,750,000.00

₱ 36,900.00
₱ 1,000.00
₱ 5,500.00
₱ 1,600.00
₱ 15,000.00
₱ 60,000.00
₱ 3,810,000.00
100%
Particulars Note Month 1 Month 2
Salaries and Wages 1 ₱ 19,500.00 ₱ 19,500.00
Office Supplies ₱ - ₱ -
Utilities Expense 2 ₱ 3,500.00 ₱ 3,500.00
Communication Expense ₱ - ₱ -
Maintenance Expense ₱ - ₱ -
Total ₱ 23,000.00 ₱ 23,000.00

Note 1 - Salaries and Wages

Job Description No. Daily Rate No. of Working Days
Operation Manager 1 ₱ 500.00 15
Program Host 1 ₱ 1,500.00 4
Sound System Operator 2 ₱ 250.00 4
Helpers 5 ₱ 200.00 4
Total ₱ 2,450.00

Note 2 - Utilities Expense

Particulars Monthly
Light ₱ 2,500.00
Water ₱ 1,000.00
Total ₱ 3,500.00
 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9
₱ 19,500.00 ₱ 19,500.00 ₱ 19,500.00 ₱ 19,500.00 ₱ 19,500.00 ₱ 19,500.00 ₱ 19,500.00
₱ - ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -
₱ 3,500.00 ₱ 3,500.00 ₱ 3,500.00 ₱ 3,500.00 ₱ 3,500.00 ₱ 3,500.00 ₱ 3,500.00
₱ - ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -
₱ - ₱ - ₱ - ₱ - ₱ - ₱ - ₱ -
₱ 23,000.00 ₱ 23,000.00 ₱ 23,000.00 ₱ 23,000.00 ₱ 23,000.00 ₱ 23,000.00 ₱ 23,000.00

Total Rate
₱ 7,500.00
₱ 6,000.00
₱ 2,000.00
₱ 4,000.00
₱ 19,500.00
 Month 10 Month 11 Month 12
₱ 19,500.00 ₱ 19,500.00 ₱ 19,500.00 ₱ 234,000.00
₱ - ₱ - ₱ - ₱ -
₱ 3,500.00 ₱ 3,500.00 ₱ 3,500.00 ₱ 42,000.00
₱ - ₱ - ₱ - ₱ -
₱ - ₱ - ₱ - ₱ -
₱ 23,000.00 ₱ 23,000.00 ₱ 23,000.00 ₱ 276,000.00
Particulars Note Month 1 Month 2
Salaries and Wages 1 ₱ 17,400.00 ₱ 17,400.00
Office Supplies ₱ 1,000.00 ₱ 1,000.00
Utilities Expense 2 ₱ 2,000.00 ₱ 2,000.00
Communication Expense ₱ 1,600.00 ₱ 1,600.00
Maintenance Expense 3 ₱ 15,000.00 ₱ 15,000.00
Total ₱ 37,000.00 ₱ 37,000.00
₱ 36,900.00

Note 1 - Salaries and Wages

Job Description No. Daily Rate No. of Working Days
Admin Staff 1 ₱ 350.00 30
Maintenance 2 ₱ 300.00 4
Utility Staff (4 hours/Day) 1 ₱ 150.00 30
Total ₱ 800.00

Note 2 - Utilities Expense

Particulars Monthly
Light ₱ 1,000.00
Water ₱ 1,000.00
Total ₱ 2,000.00
 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8
₱ 17,400.00 ₱ 17,400.00 ₱ 17,400.00 ₱ 17,400.00 ₱ 17,400.00 ₱ 17,400.00
₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00
₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00
₱ 1,600.00 ₱ 1,600.00 ₱ 1,600.00 ₱ 1,600.00 ₱ 1,600.00 ₱ 1,600.00
₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00
₱ 37,000.00 ₱ 37,000.00 ₱ 37,000.00 ₱ 37,000.00 ₱ 37,000.00 ₱ 37,000.00

Monthly Rate
₱ 10,500.00
₱ 2,400.00
₱ 4,500.00
₱ 17,400.00
 Month 9 Month 10 Month 11 Month 12
₱ 17,400.00 ₱ 17,400.00 ₱ 17,400.00 ₱ 17,400.00 ₱ 208,800.00 ₱ 234,000.00
₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 1,000.00 ₱ 12,000.00 ₱ -
₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00 ₱ 24,000.00 ₱ 42,000.00
₱ 1,600.00 ₱ 1,600.00 ₱ 1,600.00 ₱ 1,600.00 ₱ 19,200.00 ₱ -
₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 15,000.00 ₱ 180,000.00 ₱ -
₱ 37,000.00 ₱ 37,000.00 ₱ 37,000.00 ₱ 37,000.00 ₱ 444,000.00 ₱ 276,000.00

1000000
Year 1 Month 1
₱ 442,800.00 ₱ 36,900.00
₱ 12,000.00 ₱ 1,000.00
₱ 66,000.00 ₱ 5,500.00
₱ 19,200.00 ₱ 1,600.00
₱ 180,000.00 ₱ 15,000.00
₱ 720,000.00 ₱ 60,000.00
Primary:
1. Couples (To-be Wed)
2. Birthday Celebrants
3. Parties

Secondary:
1. NGOs
2. NGAs (DTI, OWWA, DSWD, DA, PRDP, etc.)
3. PS
INCOME STATEMENT
Particulars Month 1 Year 1
Revenue ₱ 80,000.00 ₱ 960,000.00
Less: Operating Expenses ₱ 60,000.00 ₱ 720,000.00
Income before Income Tax ₱ 20,000.00 ₱ 240,000.00
Less: Income Tax ₱ - ₱ 47,500.00
Net Income after tax ₱ 20,000.00 ₱ 192,500.00
INCOME TAX DUE
Particulars Month 1 Year 1
Income Before Tax ₱ 240,000.00
Less: Basic Deductions ₱ -
Taxable Income ₱ 240,000.00
Less: Excess ₱ 140,000.00
Total Excess Amount ₱ 100,000.00
Multiply by percentage tax 25%
Total ₱ 25,000.00
Add: Basic Tax ₱ 22,500.00
Tax Due - Income Statement ₱ 47,500.00
BIR Policy for Individual Taxpayers
If taxable Income is: Tax Due is:
Not over 10,000 5%
Over 10,000 but not over 30,000 500 + 10% of the excess over 10,000
Over 30,000 but not over 70,000 2,500 + 15% of the excess over 30,000
Over 70,000 but not over 140,000 8,500 + 20% of the excess over 70,000
Over 140,000 but not over 250,000 22,500 + 25% of the excess over 140,000
Over 250,000 but not over 500,000 50,000 + 30% of the excess over 250,000
Over 500,000 125,000 + 32% of the excess over 500,000
Services (With Free Hosting)
Particulars Rate Monthly Monthly Revenue
Venue (5 hours) ₱ 15,000.00 4 ₱ 60,000.00
Sound System ₱ 4,000.00 4 ₱ 16,000.00
LED Lights ₱ 2,000.00 2 ₱ 4,000.00
Total ₱ 80,000.00
Frequency (Yearly) Yearly Revenue
48 ₱ 720,000.00
48 ₱ 192,000.00
24 ₱ 48,000.00
₱ 960,000.00