City Council to scrutinize added budget

THE Cebu City Council will discuss today the executive department’s proposed P256-million additional budget for this year.

The legislative body, which will be converted into a committee as a whole, has scheduled a budget hearing at 2 p.m. They will scrutine the source of funds for the proposed second supplemental budget (SB 2).

The source of funds for the proposed SB 2 are P106 million worth of taxes to be collected from business establishments as well as P12.7 million Internal Revenue Allotment (IRA) difference from 2000 to 2001 and IRA difference from 2001 to 2004.

It also includes P36 million realignment from 2010 to 2011 continuing appropriations, P41 million from the 2012 retained operating surplus, P46 million from the 2010 reversion of accounts payable and P5 million from the reversion of prior year’s accounts.

Also, the council’s committee on budget and finance has instructed the City’s finance committee to appear before the council today and bring budget documents needed to defend the proposed SB 2.

The local finance committee is composed of City Administrator Jose Marie Poblete, the City Treasurer’s Office, the City Accounting Office, the City Budget Office and the City Planning and Development Office.

Documents

Among the documents needed is the list of the payables of the City.

Under the proposed SB 2, P46 million has been set aside to cover the payment of the City’s obligations.

The council also asked them to submit a list of vouchers for check issuance and disbursement vouchers subject for fund certification from the treasurer’s office.

The council also required them to submit a certification from the Department of Engineering and Public Works that projects for realignment have not yet started.

These projects include construction and repair of artesian wells, P2 million, and the construction of steel posts in the center islands at the North Reclamation Area, P15 million.

Aside from the P46 million to pay the City’s payables, the other items included in the proposed SB 2 among others are P20 million for the City’s garbage collection and disposal, P10 million for the supply of gasoline, oil, and lubricants, and P14.7

million as the aid of the 80 barangays to the Commission on Elections for the upcoming Oct. 28 polls.

Trending

No stories found.

Just in

No stories found.

Branded Content

No stories found.
SunStar Publishing Inc.
www.sunstar.com.ph