Session 3 – SK Budget

1.      The __________ is in charge of the recording and monitoring of SK budget transactions in the respective registries.

• a.      SK Chairperson

• b.      SK Treasurer

• c.      Barangay Chairperson

• d.      Budget Monitoring Officer

Answer explanation

Answer: D

·        The Budget Monitoring Officer (BMO) is responsible in the recording and monitoring of SK budget transactions in the respective registries. The SK Chairperson with the concurrence of the majority of all the SK members shall designate a BMO which shall come from the SK officials except the SK Treasurer.

2.      The __________ is a financial plan embodying the estimate of receipts and payments for one fiscal year operation of the SK, approved by the SK through an SK Resolution before the start of the succeeding fiscal year, and should be consistent with the CBYDP and Program ABYIP

• a.      Approved Budget

• b.      Annual Budget

• c.      Supplemental Budget

• d. None of the above

Answer explanation

Answer: B

·        The Annual Budget is a financial plan embodying the estimate of receipts and payments for one fiscal year operation of the SK. The SK proposed budget shall be approved BEFORE the start of the succeeding fiscal year through an SK Resolution with a majority vote of the SK members present during the session called for the purpose.

3.      RBCPB stands for Registry of B__________, C__________, Payments and B__________

• a. Balances, Collections and Balances

• b.  Balances, Commitments and Budget

• c.      Budget, Collections and Balances

• d.      Budget, Commitments and Balances

Answer explanation

Answer: D

·        RBCPB stands for Registry of Budget, Commitments, Payments and Balances

1.      The __________ is where the SK records and monitors the funds received for a specific purpose.

• a. RSPCPB

• b.      RBCPB

• c.      RSPFCPB

• a.      RCBPB

Answer explanation

Answer: C

·        The RSPFCPB is the registry where funds received for a specific purpose is recorded and monitored. A separate registry or the RBCPB is used when recording and monitoring approved budget.

5.      CBYDP stands for Comprehensive Barangay Youth Development P__________

• a.      Program

• b.      Projects

• c.      Plan

• d.      Plot

Answer explanation

Answer: C

CBYDB stands for Comprehensive Barangay Youth Development Plan not Program. The program is used in ABYIP which stands for Annual Barangay Youth Investment Program