Gingoog is located in the Province of Misamis Oriental in the Northern Mindanao Region on Mindanao island. The city is approximately 122 kilometres (76 mi) east of Cagayan de Oro City and 74 kilometres (46 mi) west of Butuan City. It is bounded on the east by the Municipality of Magsaysay; on the west by the Municipality of Medina; on the south by the Municipality of Claveria; and on the north by Gingoog Bay. Its total land area is 56,844 hectares (140,460 acres). The city's total income during year 2000 reached P296,731.65, of which 292,077.262.40 or 98.43% accrued in the General Fund while P4,653,809.25 or 1.5% accrued in the Special Education Fund. Comparatively, the 1999 income level of P250.64 Million has increased by P46.09 Million or 18.39%. The biggest bulk of the city's income was derived from tax revenues complementing around 95.5% of the total earnings of the year. One major component of this income class is the Internal Revenue Allotment (IRA) which contributed a total amount of P259.69 Million or 93.04%. Said IRA has increased by P37.43 Million or 16.83% against that of 1999. Local revenue contributed only 10.04% of the City's total annual income.