SK Session 1

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

• SK Chairperson

• SK Treasurer

• Barangay Committee on Appropriation Chairperson

• Budget Monitoring Officer

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

• Supplemental Budget

• Approved Budget

• Annual Budget

• Local Youth Development Plan

The budget cycle of the SK shall be synchronized with that of the barangay. As such, the SK chairperson shall submit the proposed SK annual budget to the SK members not later than the ____________ of the current year for budget authorization purposes through an SK Resolution.

• 16 day of December

• 16th day of November

• 16th day of October

• 16th day of September

The __________ shall submit the SK annual/supplemental budget and other supporting documents, such as CBYDP and ABYIP, to the sangguniang panlungsod or sangguniang bayan, through the city/municipal budget officer, within ___________ upon the approval thereof.

• SK Chairperson,

  five days

• SK Treasurer,

  fifteen days

• SK Secretary,

  ten days

• Budget Monitoring Officer, twenty days

CBYDP stands for Comprehensive Barangay Youth Development __________

• Projects

• Plan

• Plot

• Program

The SK Fund shall be utilized for the following youth development and empowerment purposes, except:

• Equitable access to Quality Education

• Barangay Development Program

• Youth Employment and Livelihood

• Health and Anti-drug Abuse

The _____________, with the assistance of the ____________, shall start preparing the SK annual budget consisting of the following: (i) estimates of income; and (ii) expenditure program

• SK Chairperson, Budget Monitoring Officer

• Punong Barangay, Barangay Treasurer

• SK Chairperson,

  SK Treasurer

• Sk Chairperson, Barangay Treasurer

The _________ shall be prepared and approved by the SK through a resolution before the start of the preparation of the SK annual budget.

• CBYDP

• PYDP

• AIP

• ABYIP

The SK funds shall be deposited by the barangay in the current account of the SK not later than ________ working days after the crediting of the monthly NTA share of the barangay consistent with the rules and regulations issued by the Commission on Audit (COA).

• five

• ten

• three

• fifteen

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

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

• Ten percent of the general fund of the Municipality

• Contributions, monies and all other resources received without specific purposes

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