RESOLUTION AUTHORIZING THE MUNICIPAL MAYOR, MARIBOJOC, BOHOL TO APPROVE THE AUGMENTATION OF FUNDS FOR THE PERIOD OF JULY TO DECEMBER, 2007 IN THE MUNICIPALITY OF MARIBOJOC, BOHOL.

Authored by : Hon. Alberto E. Arangoso
Co-Authored by : Hon. Cecilia P. Autentico

WHEREAS, the authority for the approval of the augmentation of funds is a necessary requirement for the approval of the Annual Budget as required by the Department of Budget and Management;

WHEREAS, it is the duty of the Sangguniang Bayan to ensure a sound fiscal plan and to optimize the utilization of resources within the Local Government Unit offices and departments;

WHEREAS, the LGU-Maribojoc endeavors to have a balanced budget in each fiscal year operation;

WHEREAS, augmentation of funds must be done only from sources expressly authorized by law or ordinance and appropriation of the same shall at all times be acknowledged properly;

NOW THEREFORE, be it resolved, to authorize the Municipal Mayor, Maribojoc, Bohol to approve the Augmentation of Funds for Calendar Year 2007 in the Municipality of Maribojoc, Bohol;

BE IT RESOLVED FURTHER, that copies of this resolution be furnished to the Provincial Budget Officer for their guidance and information.

Unanimously adopted.

I HEREBY CERTIFY TO THE CORRECTNESS
OF THE ABOVE-QUOTED RESOLUTION:

ERLINDA V. CASTILLON
Acting Secretary to the Sanggunian

ATTESTED:

ENGR. GABINO C. REDULLA
Municipal Vice Mayor
Presiding Officer