2013 O - 27 - APPROVING AND APPROPRIATING THE AMOUNT OF FIVE HUNDRED THOUSAND PESOS (PHP500,000.00) AS SUPPLEMENTAL BUDGET FOR CALENDAR YEAR 2013

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION   OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON

DECEMBER 04, 2013 AT THE CITY HALL.

PRESENT:

Hon. Rodel S. Cerezo  - City Vice-Mayor & Presiding Officer

Hon. Eyrma Yvette Marzan-Estrella City Councilor

Hon. Eduardo J. Piano-     “       “

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

Hon. Eduardo G. Guerrero- -  “       “

Hon. Benjamin G. Cajudo II - -“       “

Hon. Elena C. Dabu -     “       “

Hon. Noel Y. Atienza - -   “       “

Hon. Alreuela M. Bundang-Ortiz - -  “       “

Hon. Edna A. Elane-      “       “

Hon. Emerito Linus D. Bacay - -  “       “

Hon. Basilio D. Palo -  Vice-President, Liga ng mga Barangay

ABSENT:

None.

In the interest of the public service and on motion of City Councilor Eyrma Yvette Marzan-Estrella, with the unanimous accord of the Members of the Sangguniang Panlungsod present,

RESOLVED, AS IT IS HEREBY RESOLVED,  by the Sangguniang Panlungsod in session assembled, to enact the following Ordinance:

ORDINANCE NO.  27

(Series of 2013)

AN ORDINANCE APPROVING AND APPROPRIATING THE AMOUNT

OF  FIVE  HUNDRED  THOUSAND  PESOS  (PHP500,000.00)  AS

SUPPLEMENTAL BUDGET FOR CALENDAR YEAR 2013

BE IT ORDAINED, BY THE SANGGUNIANG PANLUNGSOD IN SESSION ASSEMBLED, THAT:

SECTION 1.  The Supplemental Budget of the City of Olongapo for Calendar Year 2013 with a total amount Five Hundred Thousand Pesos (PhP500,000.00) is hereby approved.

The budget documents consisting of the following are incorporated herein and made integral part of this Ordinance:

1.       LBP Form No. 9 – Statement of Funding Sources

2.       LBP Form No. 10 – Statement of Supplemental Appropriation

SECTION 2.  Sources of Funds.  The source of funds for the Supplemental Budget shall be taken from  the  amount of Two Million One Hundred Fifty Nine Thousand Five Hundred Thirty Three Pesos and 23/100 (PhP2,159,533.23)  shall be as follows:

Unappropriated Balance	2,159,533.23
Add:
1.0 New Revenue Sources
A.  Local Sources	-
1.       Tax Revenue	-
2.       Non-Tax Revenue	-
B.  External Sources	-
2.0 Savings	-
Total	P2,159,533.23

SECTION 3.  Use of Funds.  The amount of Five Hundred Thousand Pesos (PHP500,000.00)   is hereby appropriated for the Supplemental Budget of the City of Olongapo, as follows:

Summary of Appropriations (see attached LBP Form No. 10 – Statement of Supplemental Appropriation for details)

	Personal		Capital	Financial
Department	Services	MOOE	Outlay	Expenses	Total
General Services
Office of the City Mayor	-	500,000.00	-	-	500,000.00
Sub-total	-	500,000.00	-	-	500,000.00
Projects
1.  Locally-funded Projects
20% Development Fund	-	-	-	-	-
Sub-total	-	-	-	-	-
Total New Appropriations	-	500,000.00	-	-	500,000.00
UNAPPROPRIATED BALANCE					1,659,533.23

a.      Personal Services	-
b.      Maintenance & Other Operating Expenses	500,000.00
c.       Financial Expenses	-
d.       Capital Outlay	-
Total New Appropriations	P500,000.00

SECTION 4. Separability Clause.  If, for any reason, any section or provision of this Ordinance is declared invalid or unconstitutional, other sections or provisions thereof which are not affected thereby shall continue to be in full force and effect.

SECTION 5.  Effectivity.  The provisions of this Ordinance shall take effect upon its approval.

APPROVED UNANIMOUSLY,  December 04, 2013