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.