ORDINANCE APPROPRIATING THE AMOUNT OF P28,800.00 FOR THE RESTORATION COLA OF THE RANK AND FILE EMPLOYEES OUT OF THE SURPLUS OF THE GENERAL FUND, CY 1987 AND TO BE REFLECTED IN THE SUPPLEMENTAL BUDGET, CY 1988.
Be it resolved by the Municipal Sangguniang Bayan of Maribojoc, Bohol, that;
Sec.1- That the amount of P28,800.00 is hereby appropriated for the restoration Cola of the rank and file employees of the Municipality of Maribojoc, Bohol out of the surplus of the General Fund, CY 1987 and to be reflected in the Supplemental Budget, CY 1988.
Sec.2- That every rank and file employee is appropriated an increase of P150.00/month as an restoration COLA for CY 1988.
Sec.3- That each regular employee shall receive P1,800.00 per annum for CY 1988 and shall be retroactive January, 1988 up to December, 1988.
Se.4- That this ordinance shall take effect upon approval.
After due deliberation
Approved: April 7, 1988
LET copies be furnished, the Provincial Budget Officer, City of Tagbilaran thru the Municipal Budget Officer and the Municipal Treasurer, Maribojoc, Bohol for their appropriate action.
ELPIDIO CHIU, SR.
EULALIO CASTILLON, SR.