“APPROPRIATING THE SUM OF FIVE HUNDRED SEVENTY FOUR THOUSAND EIGHT HUNDRED NINETY EIGHT PESOS AND TWENTY EIGHT CENTAVOS (P574,898.28) FROM THE GENERAL FUND SURPLUS C.Y. 2002 FOR THE MONETIZATION OF LEAVE CREDITS OF THE MUNICIPAL OFFICIALS AND EMPLOYEES IN THE MUNICIPALITY OF MARIBOJOC, BOHOL AS SUPPLEMENTAL BUDGET FOR C.Y. 2003.
Sponsored by: MASS MOTION
Be it enacted by the Sangguniang Bayan of Maribojoc, Bohol, that:
SECTION 1. Appropriation and Source.- The amount of Php 574,898.28 out of the General Fund SurplusC.Y. 2002 is hereby appropriated as supplemental budget.
SECTION 2. Purpose.- The amount of Php 574,898.28 is hereby appropriated for the monetization of leave credits of the Municipal Officials and Employees for calendar year 2003 in the Municipality of Maribojoc, Bohol.
SECTION 3. Sponsorship and Deliberation.-. This appropriation ordinance was sponsored on Mass Motion by the Sangguniang Bayan members and deliberated by those present during its session duly assembled
SECTION 5. Effectivity.-. This appropriation ordinance shall take effect upon approval.
Approved: November 07, 2003
Let copies be furnished the Sangguniang Panlalawigan of Bohol, Provincial Budget Officer, Tagbilaran City and Municipal Treasurer, Maribojoc, Bohol for review and approval.
I HEREBY CERTIFY TO THE CORRECTNESS
OF THE ABOVE QUOTED ORDINANCE:
PHILIP R. MEDEQUISO.
Municipal Vice Mayor
NOEL D. VELOSO
SB Secretary – OIC
ENGR. GABINO C. REDULLA
Date signed: November 10, 2003