Monday, December 07, 2015

LTO-10 posts 10.09% hike in revenue: Ulep

NORTHERN Mindanao Land Transportation Office regional 
director Hilarion Ulep strikes a pose as he shows to the 
public the motorcycle units seized by the LTO-10 enforcers.
CAGAYAN de Oro City (BEN BALCE/Golden Journal) - The Land Transportation Office Region 10 (LTO-10) posted a collection revenue of P565.04 million in the third quarter of the year, up 10.09 percent from the figure posted during the same period last year, officials said Friday.

LTO-10 regional director Hilarion Ulep said the agency was also able to surpass its first semester revenue target by more than P36 million. The amount collected for the first semester of 2015 is P369,735,686.63.
“It’s higher by 10.88% compared to P333,443,313.70 in the same period last year,” said Ulep.

Based on the LTO’s accomplishment report, the sources of revenue are the Motor Vehicle User’s Charge (MVUC), vehicle registration penalties and license fees.

Ulep said that almost all the districts increased their first semester revenues from last year with the Cagayan de Oro District Office (CDODO) posting the highest collection of P135.2 million as of 3rd quarter this year.

“Even though CDO district office decreases 6.45% at the 3rd quarter, still an 18.88% increased at the first semester this year,” said Ulep.

He added the region’s new registration unit also collected P81,300,013.34 more than P50 million after the 3rd Quarter this year.

While, district offices of Iligan and Malaybalay collected P62.6 million and P49.8 respectively for the 3rd Quarter this year.

Ulep said the agency’s strong revenue indicates that the agency has been efficiently carrying out the tasks mandated by the government.

Ulep said, “the revenue collection will go back to the public in the form of better service and projects from the LTO.”

The other DO/EO’s collected the following amounts: Maramag, P40.1 million; E-Patrol X, P39.25 million; Ozamis City, P26.20;  CDO LC, P21.67 million; Oroquieta City, P20.72  million; and Regional Office, P20.14.

Others are Gingoog City, P16.18 million; Tubod, Lanao del Norte, P12.81 million; DLRC Cagayan, P10.25; Camiguin, P9.62 million; Valencia M.U, P9.57 million and Tangub City, P9.11 million.

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