HFTSK Session 3 - SK Budget Session Recap

____________________ is an additional budget approved by the SK to augment the original budget if the SK funds allow.

• Final Budget

• Supplemental Budget

• Approved Budget

• Annual Budget

The 10% share of the SK from the monthly Internal Revenue Allotment (IRA) of the Barangay shall be released to the SK not later than _____ working days from the receipt of the IRA.

• 3

• 10

• 15

• 5

Annual and Supplemental Budget shall be recorded and monitored in the Registry of B_________, C____________, Payments and B_____________.

• Balances, Collections, and Balances

• Balances, Commitments, and Budget

• Budget, Collections, and Balances

• Budget, Commitments, and Balances

Funds received for specific purpose shall be recorded and monitored in the __________________.

• RBCPB

• RSPFCPB

• RSPCPB

• RCBPB

The RBCPB and RSPFCPB are prepared and maintained by the ______________________ per PPA and per allotment class.

• SK Treasurer

• Budget Monitoring Officer

• SK Chairperson

• Barangay Treasurer

The following are the sources of fund of the SK for budgeting purposes, except:

• Unexpended balances/budget returned to the general fund of the SK.

• Proceeds from fund-raising activities that are in line with CBYDP and ABYIP.

• Contributions, monies, and all other resources received with specific purposes

• 10% of the general fund of the Barangay

Machinery, Office Equipment, and Other Structures are all MOOE accounts.

• False

• True

PO/Contract or DV (payments not covered by PO/Contract) are the supporting documents in recording the _________________ in the RBCPB and RSPFCPB.

• Payments

• Budget

• Balances

• Commitments

Unexpended balance/budget for ________________ shall continue and remain valid until fully spent, reverted, or the project is completed.

• CO

• MOOE

• MOOE & CO

In the preparation of RBCPB for the 2nd Quarter, the TOTAL BUDGET CARRIED FORWARD does not include the amounts already recorded in the budget portion of RBCPB of the 1st Quarter.

• False

• True