APPROPRIATION ORDINANCE NO. 01-2017

AN ORDINANCE AUTHORIZING SUPPLEMENTAL BUDGET NO. 01-2017 INVOLVING AN AMOUNT OF TWO HUNDRED SIXTY-FIVE MILLION EIGHT HUNDRED FORTY THOUSAND (P265,840,000.00) PESOS COVERING THE VARIOUS EXPENDITURES FOR THE PRIORITY PROJECTS OF THE MUNICIPAL GOVERNMENT OF LUPON, DAVAO ORIENTAL.

Be it enacted in Special Session assembled:

Section 1. The Supplemental Budget No. 01-2017 of the Municipality of Lupon, Davao Oriental for Fiscal Year 2017 in the total amount of Two Hundred Sixty-five Million Eight Hundred Forty Thousand (P 265,840,000.00) Pesos is hereby approved.

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

  1. Statement of Funding Sources;
  2. Statement of Supplemental Appropriation for CY 2017;
  3. Certification issued and signed by the Municipal Treasurer, this municipality, certifying the availability of the Performance Challenge Fund from DILG in the amount of P3,000,000.00; and
  4. Certification from the Land Bank of the Philippines that the herein local unit has an approved loan line in the total amount of P262,840,000.00 for the following projects:                                                                                                         a) Construction of Municipal Building                 –           P 130,000,000.00                                                                       b) Lot Acquisition                                                     –           P   17,840,000.00                                                                         c) Construction of Overland Terminal Complex –          P 115,000,000.00

Section 2. Sources of Funds – The sources of funds for the Supplemental Budget No. 01-2017 in the amount of Two Hundred Sixty-five Million Eight Hundred Forty Thousand P 265,840,000.00) Pesos shall be the following:

Subsidy-Performance Challenge Fund-DILG                        –           P     3,000,000.00

Underestimated Income                                                             –               262,840,000.00

                                                                 T O T A L                   –           P 265,840,000.00

                                                                                                               ===============

Section 3. Use of Funds – The amount of Two Hundred Sixty-five Million Eight Hundred Forty Thousand (P 265,840,000.00) Pesos is hereby appropriated for the Supplemental Budget No. 01-2017 of the Municipality of Lupon, Davao Oriental, to wit:

Proposed New Appropriations Language

            For the various expenditures intended for the priority projects of the Municipal Government of Lupon, Davao Oriental, in the amount of Two Hundred Sixty-five Million Eight Hundred Forty Thousand (P 265,840,000.00) Pesos.

 New Appropriations by Program/Activity/Project

 

 Program/Project/Activity

 

CurrentOperating

Expenditures

 Capital

Outlay

 Financial

Expenses

 Total
PS MOOE
A.   ProgramI.   General Administration Services

a.  General Administrative

And Support Services

         
Sub-total          
II.  Operations          
Sub-total          
Total, Programs          
B.    Projects          
I.   Loan Proceeds (Borrowings)a.  Const. of Municipal Bldg.

b. Lot Acquisition

c.  Const. of Overland Terminal Complex

II. Subsidy-Performance Challenge Fund (DILG)

    P 130,000,000.00

17,840,000.00

 

115,000,000.00

 

3,000,000.00

  P 130,000,000.00

17,840,000.00

 

115,000,000.00

 

3,000,000.00

Sub-total     P 265,840,000.00   P 265,840,000.00
Total, Projects     P 265,840,000.00   P 265,840,000.00
Total New Appropriations     P 265,840,000.00   P 265,840,000.00

 Program Appropriation and Obligation by Object

Object of Expenditure AccountCode PastYear CurrentYear BudgetYear
Personal Services
Total PS
Maintenance and Other Operating Expenses (MOOE)
Total MOOE
Capital OutlayI.   Loan Proceeds (Borrowings)

a.  Const. of Municipal Bldg.

b.  Lot Acquisition

c.  Const. of Overland Terminal Complex

II.  Subsidy-Performance Challenge Fund (DILG)

 

1-07-04-010

1-06-01-010

 

1-07-04-990

 

1-07-04-040

 

P 130,000,000.00

17,840,000.00

 

115,000,000.00

 

3,000,000.00

Total CO P 265,840,000.00
Financial Expenses
Total Financial Expenses
TOTAL APPROPRIATIONS P 265,840,000.00

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 approval.

ENACTED this 27th day of March 2017 at the Sangguniang Bayan Session Hall, Lupon, Davao Oriental.

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