SK Collections and Deposits

Issue of a provisional receipt is allowed.

• TRUE

• FALSE

SK funds shall be deposited in a savings account under the name of the SK of the barangay concerned in GOB/AGDB situated in or nearest its area of jurisdiction, with the SK Chairperson and SK Treasurer as the official signatories.

• TRUE

• FALSE

It is strongly encouraged for the SK to open and maintain a depository account in a bank other than the bank and branch of its barangay.

• TRUE

• FALSE

Where travel time to the GOB/AGDB is more than one day, deposits shall be made at least once a week or as soon as the collections reach P10,000.

• TRUE

• FALSE

The official signatories in the current account of the SK are the SK Chairperson and SK Treasurer.

• SK Chairperson, SK Treasurer and Budget Monitoring Officer

• SK Chairperson and Barangay Treasurer

• SK Chairperson and SK Treasurer

• SK Chairperson and Budget Monitoring Officer

All of the following shall comply with the bonding requirements prescribed in Section 305 (f) of RA No. 7160, Bureau of the Treasury (BTr) Treasury Circular No. 02-2009 dated August 6, 2009 and DILG Memorandum Circular No. 99-186 dated October 11, 1999, except:

• SK Chairperson

• SK Treasurer

• SK Secretary

• None of the above. All of them are required to be bonded.

Which of the following is NOT listed by the Department of Finance as an authorized government depository bank or AGDB?

• Land Bank of the Philippines (LBP)

• Development Bank of the Philippines (DBP)

• Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP)

• United Coconut Planters Bank of the Philippines (UCPB)

The ____________ shall be maintained by the SK Treasurer to record daily receipts/collections and deposits and monitor the balance of Cash on Hand under his/her accountability.

• Registry of Cash Receipts, Deposits and Balances

• Register of Cash Receipts, Deposits and Balances

• Registry of Cash Receipts, Deposits and Other Related Financial Transactions

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