2012 R - 064 - DECLARING THE ANNUAL BUDGET OF BARANGAY PAG-ASA FOR THE FISCAL YEAR 2012 IN THE AMOUNT OF THREE MILLION FIVE HUNDRED NINETY THREE THOUSAND TWO HUNDRED SIX PESOS AND 62/100 (PHP3, 593,206.62) OPERATIVE IN ITS ENTIRETY

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON JUNE 06, 2012 AT THE CITY HALL.

PRESENT:

Hon. Rolen C. Paulino -  City Vice-Mayor & Presiding Officer

Hon. Rodel S. Cerezo - - City Councilor

Hon. Eyrma Yvette Marzan-Estrella - - “        “

Hon. Aquilino Y. Cortez, Jr. - - - “        “

Hon. James G. Delos Reyes - - “        “

Hon. Gina Gulanes-Perez - - - - “        “

Hon. Elena C. Dabu - - -   “        “

Hon. Eduardo J. Piano - “        “

Hon. Edna A. Elane - - - -   “        “

Hon. Noel Y. Atienza - - -  “        “

Hon. Sarah Lugerna Lipumano-Garcia - “        “

Hon. Dolly Mae M. Ramos - - - SK Federation President   

ABSENT:

Hon. Carlito A. Baloy - - - President, Liga ng mga Barangay (On Official Business)

RESOLUTION NO. 64

(Series of 2012)

A RESOLUTION DECLARING THE ANNUAL BUDGET OF BARANGAY PAG-ASA FOR THE FISCAL YEAR 2012 IN THE AMOUNT OF THREE MILLION FIVE HUNDRED NINETY THREE THOUSAND TWO HUNDRED SIX PESOS AND 62/100 (PHP3, 593,206.62) OPERATIVE IN ITS ENTIRETY

In the interest of public service and on motion of City Councilor Gina Gulanes-Perez, with the unanimous accord of the Members of the Sangguniang Panlungsod present;

RESOLVED, AS IT IS HEREBY RESOLVED, by the Sangguniang Panlungosd in session assembled, to declare as it hereby declares the Annual Budget of Barangay Pagasa for the Fiscal Year 2012 in the amount of Three Million Five Hundred Ninety Three Thousand Two Hundred Six Pesos and 62/100 (PhP3, 593,206.62) operative in its entirety considering that the said budget as contained in Appropriation Ordinance No. 01, Series of 2012 of Barangay Pag-asa, upon review by the Sangguniang Panlungsod, has substantially complied with the requirements and limitations set forth under Republic Act No. 7160 or the Local Government Code of 1991 and its Implementing Rules and Regulations. PROVIDED, that the City Accountant is enjoined to observe that the conditions enumerated by the City Budget Officer in her letter dated May 28, 2012 are strictly complied with;

RESOLVED FURTHER, AS IT IS HEREBY FURTHER RESOLVED, that Appropriation Ordinance No. 01, Series of 2012 of Barangay Pag-asa dated January 18, 2012 and a letter from                                                     Ms. Marey Beth D. Marzan, City Budget Officer dated May 28, 2012 be made as integral parts of this Resolution.

Let copy of this Resolution be furnished Barangay Pag-asa for its information and guidance.

APPROVED, June 06, 2012.