BY GEROME DALIPE IV
ILOILO City – The City Council approved the proposed Supplemental Budget No. 1 (SB 1) amounting to P452,471,288 during its regular session yesterday.
The bulk of the SB 1 is for maintenance and other operating expenses of the mayor’s office totaling to P40, 547, 670; garbage collection and disposal and other operating expenses of the General Services Office worth P43, 896, 524; and additional fund for supplies and materials, general services under the mayor’s office amounting to P18, 860, 000.
Based on data from the City Treasurer’s Office, the sources of funds are as follows; actual collection (over estimated income from late filing fee and RT-PCR testing fee); savings, surplus for calendar year 2023, and savings from the city-run public markets and slaughterhouse.
“We need to pass this because we have additional sources of funds and we have projects and programs that have not yet been funded in our annual budget. Here, we have identified income sources to fund these programs,” said Viminale Capulso, City Budget Officer.
The city council earlier approved the city’s proposed P3.6 billion budget for 2024. The approved budget is 21.88 percent higher than the P2.9 billion in 2023, attributed to the updated city revenue code and high collection of non-taxes revenues.
In the 26-page committee report, P1.86 billion of the budget will come from tax revenue, including professional and community tax, property tax, and goods and service tax; P1.455 billion from the National Tax Allotment; P238.88 million from non-tax revenue comprising of service and business income and miscellaneous income; and PHP45 million from the 2-percent share from the economic zone.
The maintenance and other operating expenses (MOOE) and the personal services (PS) will get the bulk share at P1.463 billion and P1.165 billion, respectively.
The PS, on the other hand, comprises only 33.68 percent of the total appropriation, far from the 45 percent ceiling.
Other expenditures include P121.95 million for financial expenses, P152.558 million for capital outlay, and P696.479 million for special purpose appropriation, including the local disaster risk reduction management fund, aid to barangays, debt service, and the local council for the protection of children./PN
