HFTSK Session 5 – Disbursements/Payments of SK Funds

1.       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 expenditures

• Religious or Ecclesiastical activities

• Public infrastructures

2.       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

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

• 20%

• 5%

• 100%

• 10%

4.       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

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

• 35 days

• 60 days

• 25 days

• 30 days