5. PREPARATION OF ANNUAL AND SUPPLEMENTAL BUDGETS OF DIFFERENT OFFICES
Annual Budget is a plan for an organization or company's expenditures for a fiscal year. Making an annual budget involves balancing an organization's revenue or income with its expenses, creates a plan and provides some means of gaining a consensus around the spending of public funds. Supplemental budget is an additional budget that provides more money to certain items listed in the final budget and it also provides additional funding to those areas where deficiencies were found.
Service Details
OFFICE OR DIVISION MUNICIPAL BUDGET OFFICE
CLASSIFICATION COMPLEX
TYPE OF TRANSACTION:
G2G - Government to Government
WHO MAY AVAIL: LGU OFFICIALS AND EMPLOYEES
CHECKLIST OF REQUIREMENTS: WHERE TO SECURE
1. Two (2) Original Proposed Project Procurement Management Plan (PPMP) 1. Various Offices (can be accessed online thru http: bac3.0.manolofortich.com.ph)
2. One (1) Original Budget Proposal 2. Client
3. One (1) Original copy Program of Works (if Infrastructure Project) 3. Municipal Engineering’s Office
CLIENT STEPS AGENCY ACTION FEES TO BE PAID PROCESSING TIME PERSON RESPONSIBLE
1. Submits the required documents 1.1 Examines the validity and correctness of the documents and its computation NONE 1 Hour Municipal Budget Officer (Municipal Budget Office)
1.2 Receives the document if found in order NONE 5 minutes Municipal Budget Officer (Municipal Budget Office)
1.3 Consolidates and presents the same to the LCE for approval NONE 30 Days Municipal Budget Officer (Municipal Budget Office)
1.4 LCE Reviews the consolidated proposals thru the aid of the Local Finance Committee NONE 30 Days Municipal Mayor (Mayor’s Office)
1.5 If approved, the Annual Investment Program (AIP) will be prepared for Approval NONE 5 Days Municipal Planning and Development Coordinator (Municipal Planning and Development Office)
1.6 Submits the approves AIP to Sangguniang Bayan for Approval NONE 1 Day Municipal Planning and Development Coordinator (Municipal Planning and Development Office)
1.7 The AIP will be deliberate and then issues resolution for approval at the same time. NONE 15 Days Sangguniang Bayan Members (Sangguniang Bayan Office)
1.8 Prepares the Local Expenditure Program for submission to Sangguniang Bayan NONE 15 days Municipal Budget Officer (Municipal Budget Office)
1.9 Deliberates on the Annual/Supplemental Budget and pronounce the approval of the said budget NONE 60 days (LBC 112 Budget Operations Manual for LGUs require that the budget be approved before the start of ensuing year) Sangguniang Bayan Members (Sangguniang Bayan Office)
2. Various Offices receives the ARO for reference 2.1 If the budgets are approved, issuance of Allotment Release Order (ARO) before the start of the ensuing year NONE 3 days Municipal Budget Officer (Municipal Budget Office)
TOTAL NONE 165 Days