The Sanguniang Bayan, this Municipality headed by the Municipal Vice Mayor , presiding officer Hon. Victomar H. Bunnol authorizes the 2014 fiscal year annual budget in the amount of Php 71, 964,264.00 covering various expenditures for the operation of the municipal government during its regular session last December 10, 2013 through an appropriation ordinance no. 2013-06 that was submitted to the Local Chief Executive on December 12, 2013 for review and approval which was later approved December 16, 2013 and was transmitted December 17, 2013 to the Sanguniang Panlalawigan, Lagawe, Ifugao.
The budget document shows that sources of the municipal income is divided from external sources (IRA) in the amount of Php 65,331,764.00, none tax revenues amounting Php 5,237,500.00 and tax revenue in the amount of Php 1, 395,000.00. 20% development fund amounting to Php 12,026,352.00 is allocated to the following: (a) Php 4,644,102.00 for several services sector, (b) Php 7, 178,750.00 for economic sector services and (c) Php 203,500.00 allocated for social services sector.
An amount of Php 3,339,163.20 is allocated for calamity fund. 70 % or Php 2, 337, 414.24 allocation for Disaster Risk Reduction Management Programs, for mitigation projects with is 30% or Php 1, 001,748.96 stand by allocation for relief and rehabilitation activities.
The timely submission of the executive budget by the executive departments facilitated the early approvals of the reviewing body while the cooperative and collaborative efforts of the Department Heads, Local Finance and the Municipal Development Council (MDC), where in the Liga ng mga Barangay(LMB) headed by the Liga President Hon. Jerry J. Leal and Hon. Joseph In-Uyay, Chairperson of the committee on appropriation of the Sanguniang Bayan facilitated also the on time formulation of the Executive Budget.# Albert C. Butangon