Bulan, Sorsogon, December 31, 2009: The Sangguniang Bayan has passed Appropriation Ordinance No. 02, series of 2009, authorizing the Annual Budget of the Local Government Unit for Fiscal Year 2010 in the total amount of 118,197,163.00 pesos covering the various expenditures for the municipal government.
In her Budget Message, Mayor Helen De Castro emphasized the need to judiciously manage the finances of the Local Government Unit to properly address the growing needs of about a hundred thousand people in the municipality, through the various programs of her Administration especially in the areas of Health, Education, Livelihood, Environment and Nutrition/Social Services (HELEN Program).
Of this amount, P98,197,163.00 shall come from the Local Government share from the Internal Revenue Allotment, while an estimated P20,000,000.00 shall be from the local taxes and revenues to be generated by the economic enterprises facilities like the Public Market, the Terminal, the Community Park, the Muncipal Fishport and various other revenue-generating activities.
The bulk of the expenditures, amounting to P54,173,506.00 shall go to General Services accounts like personnel services. Social Services Sector gets a share of P15,989,236.41, with Health taking in P8,884,993.00.The Economic Services Sector expenditures are expected next year to be in the amount of P11,281,176.60.
For Other Services, which includes Statutory Obligations, the 20% Community Development Fund comes in the amount of P19,639,432.60. Five percent or P5,909,858.15 is reserved for the Calamity Fund. P63,000 has been allotted as Aid to Barangays. A Lumpsum Appropriations of P2,500,000.00 as Terminal Leave Pay is also intended this year for out-going elective and other appointive officials.
Debt-servicing stands at P8,640,000.00 to cover payments for loans made by the Local Government Unit, and these include the Bulan Integrated Terminal and the DOF Premiumed Loans for the public market.
More municipal roads are due for repair and rehabilitation this year on account of the floods that caused much destruction this year, and the LGU is making sure that the pool of equipment is properly maintained to ensure consistent operation.
The municipal government is still waiting for the full implementation of the budget pending final approval by the Sangguniang Panlalawigan, which has the power to review and/or reject the municipal proposal.