2005 Ord. No. 01.doc

EXCERPTS FROM THE MINUTES OF THE REGULAR SESSION OF THE SANGGUNIANG PANLUNGSOD OF OLONGAPO, HELD ON JANUARY 05, 2005, AT THE CITY HALL.

PRESENT:

Hon. Rolen C. Paulino - - - - - - - - - - - - - - City Vice Mayor & Presiding Officer
Hon. Noel Y. Atienza- - - - - - - - - - - - - - - City Councilor
Hon. Cynthia G. Cajudo - - - - - - - - - - - - - “ “
Hon. Teodoro D. del Rosario- - - - - - - - - - “ “
Hon. Bella P. Asuncion - - - - - - - - - - - - - - “ “
Hon. Marey Beth D. Marzan- - - - - - - - - - - “ “
Hon. Angelina B. Andrada - - - - - - - - - - - - “ “
Hon. Brian Patrick H. Gordon - - - - - - - - - - “ “
Hon. Anselmo A. Aquino - - - - - - - - - - - - - “ “
Hon. Edwin J. Piano- - - - - - - - - - - - - - - - - “ “
Hon. Gina G. Perez - - - - - - - - - - - - - - - - - “ “
Hon. Napoleon F. Capistrano- - - - - - - - - - - President, Liga ng mga Barangay
Hon. Robine Rose C. Buenafe - - - - - - - - - - SK Federation President

ABSENT:

N o n e .

In the interest of public service and on motion of Councilor Cynthia G. Cajudo, 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. 01
(Series of 2005)

AN ORDINANCE APPROPRIATING THE AMOUNT OF ONE BILLION ONE HUNDRED THIRTY THREE MILLION THREE HUNDRED TEN THOUSAND ONE HUNDRED TWENTY PESOS (PHP1,133,310,120.00) FOR THE ANNUAL BUDGET OF THE CITY OF OLONGAPO FROM JANUARY 01, 2005 TO DECEMBER 31, 2005


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

SECTION 1. Pursuant to the provisions of Republic Act No. 7160, otherwise known as “The Local Government Code of 1991” and the provisions of Local Budget Memorandum No. 2004-44 issued by the Department of Budget and Management dated 15 July 2004 which specifically prescribe the guidelines to be observed in the preparation and submission of the Annual Budget for the Calendar Year 2005, the amount of One Billion One Hundred Thirty Three Million Three Hundred Ten Thousand One Hundred Twenty Pesos (PhP1,133,310,120.00) or so much thereof as may be necessary is hereby appropriated for the General Fund Budget of the City Government of Olongapo for the Calendar Year 2005 out of the following sources and expenditures.

Unappropriated Balance, January 1, 2005 PhP1,238,855.00
Estimated Revenue for Year 2005:

a) Tax Revenue PhP324,438,300.00

b) Operating and Misc. Revenue 775,266,000.00

c) Capital Revenue 24,000,000.00

d) Grants 9,606,200.00

e) Extraordinary Income PhP259,439,420.00

f) Borrowings 803,402,100.00

Total Available RevenuesAppropriation for Calendar Year 2005

70,468,600.00

a) Personal Services PhP1,133,310,500.00

b) Maintenance and Other Operating Expenses PhP1,134,549,355.00

c) Capital Outlay PhP133,310,120.00

Unappropriated Balance, December 31, 2005 PhP1,239,235.00

SECTION 2. This appropriation Ordinance shall be subject to the usual accounting and auditing rules and regulations.

SECTION 3. The 2005 Annual Budget consisting of Two Hundred Ninety Seven (297) pages submitted to and approved by the Sangguniang Panlungsod shall be made as an integral part of this Ordinance.

SECTION 4. This Ordinance shall take effect upon its approval.

APPROVED UNANIMOUSLY, January 05, 2005


ROLEN C. PAULINO
City Vice Mayor & Presiding Officer


NOEL Y. ATIENZA CYNTHIA G. CAJUDO
City Councilor City Councilor


TEODORO D. DEL ROSARIO BELLA P. ASUNCION
City Councilor City Councilor


MAREY BETH D. MARZAN ANGELINA B. ANDRADA
City Councilor City Councilor


BRIAN PATRICK H. GORDON ANSELMO A. AQUINO
City Councilor City Councilor


EDWIN J. PIANO GINA G. PEREZ
City Councilor City Councilor


NAPOLEON F. CAPISTRANO ROBINE ROSE C. BUENAFE
President, Liga ng mga Barangay SK Federation President


ATTEST:

ELFLIDA S. SALMON
City Council Secretary


APPROVED BY HIS HONOR, THE CITY MAYOR ON______________________.



JAMES GORDON, JR.
City Mayor

ATTEST:

DELFIN A. JUICO, JR.
Secretary to the City Mayor

Follow link below to view Local Budget Preparation
http://subicbay.ph/2005BUDGET.htm