Page 704 - AREA I VMGO _Neat

Thus for 1st full year of operation (2020), the project registered
a total gross collection of PhP 111,410 with a net income of
PhP = 52,425.00. The amount is deposited as per attached
official receipts.

To increase our production capacity, may I request
the following for 2021:

a. Use of the 2020 net income to fund the establishment of
additional Small Water Impounding Ponds (SWIP) for
water conservation and fish production and the acquisition
of sheep or cattle for raising in the project areas.
b. Recognition/ listing of the Mango and Pomelo Production
project as one of the University’s Income Generating
Projects (IGP) with a Starting Capital/ Beginning Inventory
of PhP 52,425.00.
c. The Mango-Pomelo Project to share a portion of the DA-
BAR funded commercial stall along the national highway to
be used as market outlet of fruits, charcoal and other
products.

2020 ANNUAL REPORT 35