Session 5 – Disbursements/Payments of SK Funds

As per Section 20 (a) of IRR of RA No. 10742, SK Funds shall be utilized solely to which of the following:

• Youth development and empowerment programs

• Personal expenditure

• Religious or Ecclesiastical activities

• Public infrastructures

Answer explanation

SK Funds shall be utilized solely for youth and empowerment programs, projects and activities

It constitute all cash paid out during a given period in cash or by check. It may also mean settlement of government payables by cash or check.

• Receipts/Collections

• Budget

• Disbursements

• Appropriations

Answer explanation

Disbursements/Payments constitute all cash paid out during a given period in cash or by check. It may also mean settlement of government payables by cash or check. It shall be covered by duly approved Disbursement Voucher.

How much share shall be allotted by the Barangay to SK Funds?

• 20%

• 5%

• 100%

• 10%

Answer explanation

Ten percent of the general fund of the barangay shall be set aside for the SK

Who are the signatories to the Disbursement Voucher?

• SK Secretary, BMO and SK Chairperson

• SK Treasurer, Barangay Treasurer and SK Chairperson

• BMO, SK Treasurer and SK Chairperson

• BMO, SK Treasurer and Barangay Chairperson

Answer explanation

Disbursement Voucher shall be signed by the BMO, SK Treasurer and SK Chairperson

Cash Advance for local travel shall be liquidated within __________ upon return to the official station.

• 35 Days

• 60 Days

• 25 Days

• 30 Days

Answer explanation

Cash Advance for local travel shall be liquidated within 30 days upon return to the official station