The City’s income is derived from two major sources, namely; local sources, aids and allotments. Local sources are derived revenues from taxation and non-tax revenues. The Bureau of Internal Revenue Allotment comprised the bigger portion of the City’s income which constituted 92.56 % .
The City’s expenditures are budgeted into three (3) different classes: personal services, maintenance and operating expenses, and capital outlays. Because of a bloated organizational structure, personal services got the bigger allocation representing 45 % of total expenditures.