Barangay Budgeting

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2012 ANNUAL BUDGET OF BARANGAY ISOK II
An Analysis
(by: Abraham L. Cuevas)

INTRODUCTION

Barangay Isok II in the municipality of Boac, Marinduque is one of the barangays in the Poblacion area.

This review will present an overview of the proposed Barangay Budget of Barangay Isok II for CY 2012. This paper will also tackle details on the budget preparation, budget authorization, budget review, and budget execution and accountability.

OVERVIEW OF THE BARANGAY 2012 BUDGET

On October 7, 2011, the Sangguninag Barangay of Isok II passed Barangay Appropriation Bill No. 2012-01 with the title An Ordinance Appropriating Funds for Barangay Isok II (Annex A). A barangay budget comprises estimates of income, total appropriations covering current operating expenditures, and capital outlays. The total amount available for appropriation is PhP 778,372.00 derived from the estimated income for the budget year. Below is the breakdown of the estimated income:

Property Taxes5,000.00
Business Taxes and Licenses2,400.00
Community Taxes3,000.00
Internal Revenue Allotment760,672.00
Subsidy from other LGUs2,500.00
Permit Fees1,800.00
Clearance & Certification Fees3,000.00
TOTAL778,372.00

The sources of income are declared as source of funds which are realistic and probable to be collected and remitted to the Local Treasury, necessary to finance the delivery of basic services and implementation of priority development of the Barangay from January to December 2012. The estimated income was then appropriated for basic services delivery and implementation of priority development projects. Such is referred to as estimated expenditures which cover the following Major Final Outputs:

General Fund 509,481.80
Administrative & Legislative Services
Daycare Service
Health & Nutrition Services
Peace & Order Services
Agriculture Services
Other Services
Implementation of 20% Barangay Development Projects152,134.40 Implementation of SK Project (10% Sangguninang Kabataan Fund)77,837.20 5 % BDRRMF*38,918.60
TOTAL778,372.00
* Barangay Disaster Risk Reduction Management Fund

The appropriated amount is aimed to produce the expected Major Final Outputs (MFOs) for the barangay and will be measured by performance our output indicators per MFO. This serves as the rationale for the amount spent for the various services and development projects provided by the Barangay, pursuant to Section 17 of the Local Government Code.

The following General Provisions are observed based on the policies duly authorized for the fiscal year derived from existing laws on barangay budgets:

a.Income from operating and miscellaneous fees shall be collected at maximum collection efficiency. b.Priority in the use of income shall be for the budgetary requirements as mandated by the local code: •20% of IRA for development projects

5% for Barangay Disaster Risk Reduction Management Fund (BDRRMF) •10% for Sangguniang Kabataan (SK)
c.Strict compliance to the 55% Personal Services limitation shall be observed. d.Priority in the use of savings shall be for basic services, augmentation of development services and other mandatory expenses provided under the local code. e.All procurement shall strictly follow the provisions of RA 9184.

ON BUDGET PREPARATION

For the budget preparation, Barangay Isok II is guided by the provisions stipulated in the Local Government Code of 1991 on Barangay Budgets, which states the following: •Sec. 330. Submission of Detailed Statements of Income and Expenditures for the Barangay Budgets. – On or before the fifteenth (15th) day of September of each year, the barangay treasurer shall submit to the punong barangay a statement covering the estimates of income and expenditures for the ensuing fiscal year, based on a certified statement issued by the city or municipal treasurer covering the estimates of income from local sources for the barangay concerned. •Sec. 331....
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