Barangay Budgeting Essay Sample

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

This reappraisal will show an overview of the proposed Barangay Budget of Barangay Isok II for CY 2012. This paper will besides undertake inside informations on the budget readying. budget mandate. budget reappraisal. and budget executing and answerability.

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 rubric An Regulation Appropriating Fundss for Barangay Isok II ( Annex A ) . A barangay budget comprises estimations of income. entire appropriations covering current operating outgos. and capital spendings. The entire sum available for appropriation is PhP 778. 372. 00 derived from the estimated income for the budget twelvemonth. Below is the dislocation 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 & A ; Certification Fees3. 000. 00
TOTAL778. 372. 00

The beginnings of income are declared as beginning of financess which are realistic and likely to be collected and remitted to the Local Treasury. necessary to finance the bringing of basic services and execution of precedence development of the Barangay from January to December 2012. The estimated income was so appropriated for basic services bringing and execution of precedence development undertakings. Such is referred to as estimated outgos which cover the undermentioned Major Final Outputs:

General Fund 509. 481. 80
Administrative & A ; Legislative Services
Daycare Service
Health & A ; Nutrition Services
Peace & A ; Order Services
Agribusiness Servicess
Other Servicess
Execution of 20 % Barangay Development Projects152. 134. 40 Execution 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 sum is aimed to bring forth the expected Major Final Outputs ( MFOs ) for the barangay and will be measured by public presentation our end product indexs per MFO. This serves as the principle for the sum spent for the assorted services and development undertakings provided by the Barangay. pursuant to Section 17 of the Local Government Code.

The undermentioned General Provisions are observed based on the policies duly authorized for the financial twelvemonth derived from bing Torahs on barangay budgets:

a. Income from operating and assorted fees shall be collected at maximal aggregation efficiency. B. Precedence in the usage of income shall be for the budgetary demands as mandated by the local codification: •20 % of IRA for development undertakings

•5 % for Barangay Disaster Risk Reduction Management Fund ( BDRRMF ) •10 % for Sangguniang Kabataan ( SK )
c. Strict conformity to the 55 % Personal Services restriction shall be observed. d. Priority in the usage of nest eggs shall be for basic services. augmentation of development services and other mandatary disbursals provided under the local codification. e. All procurement shall purely follow the commissariats of RA 9184.

ON BUDGET PREPARATION

For the budget readying. Barangay Isok II is guided by the commissariats stipulated in the Local Government Code of 1991 on Barangay Budgets. which states the undermentioned: •Sec. 330. Submission of Detailed Statements of Income and Expenditures for the Barangay Budgets. – On or before the fifteenth ( 15th ) twenty-four hours of September of each twelvemonth. the barangay financial officer shall subject to the punong barangay a statement covering the estimations of income and outgos for the resulting financial twelvemonth. based on a certified statement issued by the metropolis or municipal financial officer covering the estimations of income from local beginnings for the barangay concerned. •Sec. 331. Preparation of the Barangay Budget. – ( a ) Upon reception of the statement of income and outgos from the barangay financial officer. the punong barangay shall fix the barangay budget for the resulting financial twelvemonth in the mode and within the period prescribed and submit the one-year barangay budget to the sangguniang barangay for legislative passage.

True to the instance of Barangay Isok II. prior to their budget readying. the Barangay Treasurer foremost secured the estimations of income and entire appropriations covering current operating outgos and capital spendings of the barangay. which are the constituents of a barangay budget. After such. the Punong Barangay. with the aid of the Barangay Treasurer. prepared their barangay budget for the twelvemonth 2012.

Normally. estimated nest eggs at the terminal of the current twelvemonth signifiers portion of the beginning balance for the budget twelvemonth. It includes jutting balances of any appropriation which remain free of any duty or burdens and which are still available at the terminal of the current twelvemonth after the satisfactory completion. or the ineluctable discontinuation or forsaking of the work. activity or intent for which the financess were authorized.

The compulsory duties that should be provided in the barangay one-year budget was besides followed. which are the undermentioned:

• Appropriations for development undertakings of non less than 20 % of the entire IRA of the barangay for the budget twelvemonth ( Development Fund ) ; • Appropriations for Sangguniang Kabataan ( SK ) plans. undertakings and activities equivalent to 10 % of the general fund of the barangay for the budget twelvemonth ( SK Fund ) ; • Appropriations for unanticipated outgos originating from the happening of catastrophes at 5 % of regular income for the budget twelvemonth ( Calamity Fund ) ; and • Provision for the bringing of basic services pursuant to Section 17 of RA No. 7160. and effectual local administration.

ON BUDGET AUTHORIZATION

The Punong Barangay submitted the proposed one-year budget to the Sangguniang Barangay. The Sangguniang Barangay so evaluated the proposed barangay budget and enacted the Appropriation Ordinance. In this instance. Barangay Appropriation Bill No. 2012-01 with the rubric An Regulation Appropriating Fundss for Barangay Isok II.

ON BUDGET REVIEW

The Appropriation Ordinance was so submitted to the Sangguniang Bayan for reappraisal and blessing. It was received on December 22. 2011 by the Municipal Budget Officer who prepared the indorsement to the Sangguniang Bayan dated January 26. 2012.

It was stated in the indorsement that the CY 2012 General Fund Annual Budget of the Barangay Isok II affecting entire appropriations of PhP 778. 372. 00 under Sangguniang Barangay Appropriation Bill No. 2012-01 is considered operative as of the day of the month of its effectiveness topic to the undermentioned conditions:

1. The expense of appropriation for honoraria of the compulsory barangay functionaries and other places shall conform to Local Budget Circular No. 63 dated October 22. 2000 topic to Personal Services ( PS ) restriction under Section 33 ( B ) of RA No. 7160 ( Local Government Code of 1991 ) and shall be computed in conformity with Local Budget Circular No. 98. 2. Appropriation for development programs/projects/activities funded out of no less than 20 % of the Internal Revenue Allotment ( IRA ) which is provided under Section 287 of the Local Government Code of 1991. shall be in conformity with the Annual Investment program of the Barangay as approved by the Barangay Development Council consistent with Section 107 ( a ) of RA No. 7160 and in conformity with DILG Memorandum Circular No. 2010-138 dated December 2. 2010. 3. Ten per centum ( 10 % ) of the estimated general income as provided in Section 329 of RA No. 7160. The 10 % SK fund is a statutory duty considered as trust fund. Any unexpected balances shall be added to the 10 % portion of the SK for the following twelvemonth.

The 10 % portion of the SK shall be appropriated by the Sangguniang Barangay to be programmed and administered by the Sangguniang Kabataan for intents provided under the 1991 Local Government Code except for personal services and shall be utilized for the undermentioned plans. undertakings and activities: Sports development. Clean and Green Project. Anti-Drug Campaign. Livelihood Projects. Capability Building. Literacy Program. Gender and Development Program and other Youth Development Projects. 4. Not less than 5 % of the estimated gross from regular beginnings shall be set aside for Calamity Fund or the Local Disaster Risk Reduction Management Fund ( LDRRMF ) as authorized by Republic Act No. 10121 and disbursement shall be in conformity thereof. 5. Appropriations for Leave Benefits of Barangay Officials shall be disbursed in conformity with Joint Circular No. 1 series of 2004 of the Civil Service Commission ( CSC ) and Department of Budget and Management ( DBM ) and Local Budget Circular No. 85 dated April 23. 2007. 6. Appropriation for Cash Gift and Year-end Bonus authorized in Budget Circular No. 2010-01 dated April 28. 2010 shall be purely observed. 7. That expense of other appropriations embodied in the herein budget shall be made in conformity with implementing budgetary Torahs applicable thereat 8. Conformity with all pertinent bing Torahs. regulations. and ordinances and administrative issues shall be the duty of the barangay authorities unit concerned.

With such considerations. CY 2012 Annual Budget of Barangay Isok II was recommended by the Municipal Treasurer for blessing by the Sangguniang Bayan based on the above stated conditions.

ON BUDGET EXECUTION AND ACCOUNTABILITY

The regulation ordaining the one-year budget shall take consequence at the beginning of the resulting calendar twelvemonth. The duty for the executing of the one-year budget and the answerability hence shall be vested chiefly in the Punong Barangay concerned.

As portion of answerability. the Barangay Treasurer as required submits written fiscal study to barangay officials/general populace. The Punong Barangay on the other manus. reviews/signs fiscal studies and prepares public presentation studies.

On the portion of the general populace. they are encouraged to supervise fiscal position of the barangay and public presentation of functionaries. They should besides go to general barangay assemblies to be updated on the personal businesss of the barangay and look into if all outgos are in line with the programmed budget.