Malaybalay City’s 2018 budget: P1.2 billion

MALAYBALAY CITY (BukidnonNews.Net/02 February 2018) The city council of Malaybalay has approved the P1.2 billion proposed 2018 annual budget.

The council session on January 30, temporarily presided by Councilor Lorenzo Dinlayan Jr, approved the P1.233 billion budget for this year.

Councilor Jay Warren Pabillaran, finance, accounts and appropriation committee chair moved for the approval of the proposed budget ordinance.

Before the approval, Pabillaran reported that his committee found that the proposed budget has been prepared in accordance to requirements as certified true and correct by the local finance committee.

On January 16, the council has approved the Annual Investment Plan (AIP) endorsed by the city development council (CDC).

The AIP was the basis for the proposed annual budget.

Vice mayor Roland F. Deticio in the session on January 16 clarified that the AIP is based on the local income and Internal Revenue Allotment (IRA) of the city.

He said the city is receiving more than P800 million for its Internal Revenue Allotment (IRA) and collected around P200 million revenue.

Of the total approved annual budget, P739.9 million of it is allocated for the general services including the P61.67 million five percent reserve for calamities and the P396.02 million special purpose appropriations.

The city government also allocated P359.47 million for economic services, including the P230 million, which is the 20 percent development fund.

The remaining P134.08 million is allocated to social services, including P47.65 million for the city health office, P24.75 million for the city social development office and the five percent reserved for gender projects amounting to P61.08 million. (Mel B. Madera)