Iloilo City SP okays P72.73-M supplemental budget
ILOILO CITY, June 24 (PNA) -– The Sangguniang Panlungsod here has unanimously approved the General Fund Supplemental Budget No. 2 for 2014 in the amount of P72.73 million with funds mostly taken from the 2013 budget surplus of P39.7 million.
Other funds will come from the unimplemented projects and unexpended balance of P13.2 million; excess balance amount not used in the purchase of lots amounting P6.8 million; not utilized funds for lot purchase amounting P7.5 million; 20 percent development fund not used amounting P13.2 billion, unexpended funds of BAC from SB No 1, among others.
SP Chairman Eduardo Penaredondo of the appropriations committee said the amount will go to particulars such as construction of the multi-purpose hall including the third floor of the city hall amounting some P1 million; 20 percent development fund projects with P27.6 million;
Twenty percent development fund projects in the barangays with P5 million;; peace and order with P19.7 million; confidential and intelligence expenses with P5.9 million; purchase of computers for the civil registrar’s office amounting to P1.5million; purchase of filing steel cabinets for the beautification program and others. (PNA)
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Posted on: June 25, 2014,
by : MR Somo