Post on 03-Apr-2018
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BARANGAYFISCALMANAGEMENT
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The BUDGET
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Composition of the barangay budget
1. Income portionconsist of beginning balances unappropriated and/or unexpended amounts of revenues and receipts.
> Tax Revenue (Real Property Tax)Taxes on Goods & Services> Operating & Miscellaneous Revenue
Operating & service incomeMiscellaneous income-contribution
> Capital Revenue> Grants> Extraordinary receipts> Borrowings
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Composition of the barangay budget
2. Expenditure portionconsist of estimated expenditures, which are thetotal appropriations covering Current Operating
Expenditures & Capital Outlay
> Current Operating ExpendituresPersonnel ServicesMaintenance and Other Operating Expenses
> Capital Outlay
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Budget Limitations
1. The barangay budget shall not exceed theestimated tax receipts and/or income for theimmediately following calendar year
certified as collectible by the city ormunicipal treasurer concerned. (Sec. 324a)
2. The budget shall also provide for staturoty
and contractual obligations of thebarangay. (Sec. 324b)
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Budget Limitations
3. The budget shall not provide for per diems,wages or salaries and other compensationin excess of those provided under existing
laws and executive orders.
4. The total annual appropriations forpersonal services of a barangay for one (1)
fiscal year shall not exceed fifty-five percent (55%) of the total annual incomeactually realized from local sources duringthe next preceding fiscal year. (Sec. 331b)
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Financial Management
A. The Punong Barangay and theBarangay Treasurer should be bonded.
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A. The Sangguniang Barangay but thebond shall not exceed ten thousand
pesos (P10,000.00)
A. The Barangay.
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A. The treasurer shall see to it that:
Disbursement of Funds (Sec. 336)
1. The disbursement is authorized inthe budget;
2. There is a resolution of the
Sangguniang Barangay;3. The voucher is signed by the payee
and approved by the Punong
Barangay;
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4. The funds are available in theBarangay Treasury; and
5. Auditing rules and regulations arecomplied with
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A. Yes, the barangay treasurer may beauthorized by the Sangguniang
Barangay to make direct purchasesnot in excess of P1,000.00 at any timefor ordinary and essential needs of the
barangay.
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A. Yes, provided the amount of pettycash is not more than 20% of the fundsavailable and should be deposited inthe name of the Barangay Treasurer.
A. Yes.
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A. The representative of the Commissionon Audit (COA) shall audit the
barangay funds annually or as oftenas necessary.
Audit of Barangay Funds (Sec. 334c)
A. To the Sangguniang Panlungsod/Bayan as the case maybe.
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PURPOSE/SERVICES FUND LEGAL BASISPersonal Services 55% /45% of local
sources
LGC of 1991
Local Development At least 20% of IRA LGC of 1991
SK 10% of General Fund LGC of 1991
DRRMF 5% of Regular Income Phil DRRM Act of 2010
GAD 5% of Total Income Magna Carta of Women 2008
BCPC 1% of IRA Juvenile Welfare Act of 2006
Anti Drugs Abuse Substantial Amount Comprehensive Dangerous
Drugs Act of 2002
Senior Citizen and
Differently Abled
Person
1% of General Fund Expanded Senior Citizen Act
of 2003 and Magna Carta of
Disabled Persons 2009
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MANDATORY ALLOCATION ,SK FUNDS
Green Brigade = 10%
Livelihood = 10%
Capability Building = 10%
Anti Drug Campaign = 10%
Annual Dues = 2%
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Definition of Terms
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SPECIAL ACCOUNT
LGU shall maintain special account in thegeneral fund for the following: (a) publicutilities and other economic enterprisexxx;
Profits and income derived from the operation ofpublic utilities and other economic enterprise , afterdeduction for all the cost of improvement, repairand maintenance and other related expenses of
public utilities or economic enterprise concerned ,shall first be applied for the return of the advancesor loan made therefore. Any excess shall form partof the general fund of the local government unitconcerned
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PERSONAL SERVICES, MAINTENANCE & OTHEROPERATING EXPENSES, CAPITAL OUTLAY
PERSONAL
SERVICES
MAINTENANCE
AND OTHER
OPERATING
EXPENSES
CAPITAL
OUTLAY
Appropriations for the payment of salaries, wages &other compensation (e.g. cost of living allowances,
honoraria, commutable allowances) of permanent,
temporary, contractual & casual employees of the
LGUs. (IRR, 7160)
Appropriations for the purchase of goods &
services, the benefits of which extend beyond the
fiscal year & which add to the assets of the LGU
concerned, including investments in public utilities,
such as public markets & slaughterhouses. (IRR of
RA 7160)
Appropriations for the purchase of goods andservices for the conduct of normal local
government operations within the fiscal year,
including goods and services that will be used or
consumed during the budget year.
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a. PS Cap
55% for Barangays (Sec 331 [b])b. Salary rate within that fixed by applicable
laws, rules and regulations
c. No local fund to be used to increase/adjustsalaries of NG employees/officials, except
as may be expressly authorized by law
d. Abolition of positions and creation of new
ones from abolished positions must be inaccordance with provisions of LGC and civil
service laws, rules and regulations
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e. Plantilla positions for career positionsoccupied by incumbents holding permanentappointments shall be covered by adequateappropriations
f. No changes in designation andnomenclature of positions resulting in
promotion/demotion or increase/decrease incompensation shall be allowed except if theposition is actually vacant
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g. Creation of positions, salaryincreases/adjustments shall in no case be
made retroactive
h. Discretionary fund for LCE shall not
exceed 2% of the actual receipts from
BASIC real property tax in the next
preceding calendar year
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