CCDC Upholds Financial Transparency Through Public Financial Reports

As part of its commitment to institutional integrity and accountability, Cordillera Career Development College (CCDC) publicly discloses its audited financial data annually. 

The college’s audited financial reports, prepared by an independent certified public accountant and compliant with Philippine Financial Reporting Standards (PFRS), include detailed data on tuition income, operational expenses, assets, liabilities, and fund equity. These are compiled in CCDC’s official Annual Financial Statements and submitted to the Securities and Exchange Commission (SEC) in accordance with government requirements.

The financial data covers all key financial activities for each academic year ending May 31. Highlights from the most recent report include gross receipts of ₱186.08 million for 2024 and ₱145.24 million for 2023, with detailed breakdowns of direct costs, administrative expenses, and capital outlays such as solar energy equipment investments

In addition, the reports include the college’s Annual Income Tax Return (BIR Form 1702-MX) and a formal Statement of Management Responsibility for both tax filings and financial reporting. These documents affirm that CCDC’s financial disclosures are truthful, complete, and aligned with national accounting standards.

Through this regular publication of financial data, CCDC ensures that stakeholders—including students, parents, regulatory bodies, and the public—can access clear and reliable information about the institution’s financial health. 

This transparency reinforces trust in the institution’s governance and supports evidence-based planning and development, aligning with the UN Sustainable Development Goal 16 – Peace, Justice and Strong Institutions.

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