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.
I HEREBY CERTIFY TO THE CORRECTNESS
OF THE ABOVE-QUOTED RESOLUTION:
ERLINDA V. CASTILLON
Acting Secretary to the Sanggunian
ENGR. GABINO C. REDULLA
Municipal Vice Mayor