This study examined and analysed the election expenditures incurred by local candidates during  the  latest  2013  village  level  election  in  Guadalupe,  Cebu  City,  Philippines.  The study  also  assessed  the  capability  of  Guadalupe  village  election candidates  to  run  and win   elections   taking   into   account   their   income,   campaign   funds   and   incurred expenditures. A descriptive survey research design was employed in the study through one-on-one  interviews  with  identified  respondents.  Secondary  data  substantiated  the primary  information  generated  from  the  research  respondents.  Findings  revealed  that campaign funds of election candidates are too high compared to the average income of ordinary  village  residents.  In  effect,  only  15  candidates  ran  for  election  in  Guadalupe village  out  of  33,000  registered  voters.  Ordinary  aspiring  candidate  could  not  afford  to raise the huge campaign needed funds. Because of limited income, Guadalupe residents aspiring  to  run  in the local  election were  not  able  to  take  part  in  the  election race. The study   concludes   that   election   financing   and   expenditures   play   a   crucial   role   in determining voting behaviour and election outcomes. Examining election candidates’ expenditures  affords  transparency,  fair  electoral  processes  and  can  provide  check  and balance  towards  corruption  and  its  prospects  of  occurrence  especially  during  election period. It  is  recommended  that  the  Commission  on  Election  puts  ceiling  on  election expenses to minimize campaign spending among the candidates thereby foster fair play during election campaigns. The candidates may also employ cyber campaign strategies by making use on social media as affordable and cheap way to do campaigns.