Session 5 - Disbursements/Payments of SK Funds

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

• Youth development and empowerment programs

• Personal expenditures

• Religious or Ecclesiastical activities

• Public infrastructures

Answer explanation

SK Funds shall be utilized solely for youth and empowerment programs, projects, and activities. (Item 3.5, page 3 of HFTSK)

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

• Receipt/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. (Item 2.4, page 1 of HFTS)

Disbursements shall be made by issuing checks in the name of the SK Chairperson concerned against the current account of the SK in GOB/AGDB.

• True

• False

Answer explanation

Disbursements shall be made by issuing checks in the name of the SK of the Barangay concerned drawn against the current account of the SK in GOB/AGDB. (Item 7.1.3, page 21 of HFTSK)

Who are the signatories to the Disbursement Voucher?

• SK Secretary, BMO, and SK Chairperson

• SK Treasurer, Barangay Treasurer, 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. (Item 7.1.1, page 21 of HFTSK)

All checks issued shall be recorded in the _____ including the cancelled ones.

• Registry of Budget, Commitments, Payments, and Balances (RBCPB)

• Statement of Receipts and Payments

• Register of Cash Receipts, Deposits, and Other Related Financial Transactions (RCRD)

• Register of Cash in Bank and Other Related Financial Transactions (RCB)

Answer explanation

All checks drawn during the day, whether released or unreleased including cancelled checks shall be recorded chronologically in the RCB maintained by the SK Treasurer. (Item 7.1.5, page 21 of HFTS)

_____ is a form used to liquidate cash advances made by the accountable SK official.

• Report of Disbursements

• Subsidiary Ledger of Cash Advances

• Liquidation Report

• Disbursement Voucher

Answer explanation

Liquidation Report (LR) is the form used to liquidate cash advances made by the accountable SK official. (Annex 9, page 185 of HFTSK)

The SK Chairperson signs the Box ___ of the Disbursement Voucher.

• A

• B

• C

• D

Answer explanation

All claims out of the SK Funds shall be made only through Disbursement Voucher - Annex 7, duly certified/approved by the following:

*Box A - BMO, as to availability of the budget based on RBCPB or availability of funds received for specific purpose based on RSPFCPB.

*Box B - SK Treasurer, as to availability of cash based on RCB, and completeness and propriety of supporting documents; and

*Box C - SK Chairperson, as to necessity, validity, propriety, and legality of claim. (Item 7.1.1, page 21 of HFTSK)