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Barangay Budget Preparation Form No. 3ACTUAL INCOME AND EXPENDITURE FOR PAST YEARBarangay: PALANOGMunicipality/City : CAMALIG (IN 000 PESOS)Part A. ACTUAL INCOMETOTALBeginning Balance.

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The skillful management of barangay budgets means the ability to efficiently manage revenues and expenditures to ensure fiscal balance and propel the barangay towards self- sufficiency which is the real essence of local autonomy.

Four phases comprise the Philippine budget process, specifically: (1) Budget Preparation; (2) Budget Legislation; (3) Budget Execution; and (4) Accountability. Each phase is distinctly separate from the others but they overlap in the implementation of the budget during the budget year.

To prepare the barangay budget, the barangay treasurer submits to the Punong Barangay an estimate of the income and expenditures of the barangay. The Punong Barangay then prepares the barangay budget, which is then submitted to the Sangguniang Barangay for legislative enactment.

An additional budget that provides more money to certain items listed in the final budget.

The extra income over and above the estimated revenues per approved barangay budget can be certified to as available for a supplemental budget. This means that some other projects may be implemented during the year once a supplemental appropriation ordinance is enacted.

Supplemental Budget means, in respect of the Initial Budget, supplemental or replacement budgets delivered to and approved by Payee in ance with Section 6(g) (covering any time period covered by a prior budget or covering additional time periods).

This primer by AER and Right to Know Right Now explains the preparation, authorization, execution, and accountability phases of the budget process. The 1987 Philippine Constitution outlines the government's framework for the budget process.

Who prepares the barangay budget? The Punong Barangay, with the assistance of the Barangay Treasurer, prepares the barangay budget.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232