Republic of the Philippines
Province of Nueva Vizcaya
Municipality of Bayombong
BARANGAY BONFAL WEST
RESOLUTION NO.
RESOLUTION RECOMMENDING THE REPROGRAMMING OF THE REALIZED
SAVINGS FROM THE IMPLEMENTED PROJECTS OF THE 20% BARANGAY
DEVELOPMENT FUND (CONTINUING FUND CY 2023) IN THE AMOUNT OF
ONE MILLION TWO HUNDRED SIXTEEN THOUSAND FOUR HUNDRED
NINETY-SEVEN PESOS AND 20/100 (PHP1,216,497.20)
WHEREAS, the realized savings from the implemented projects of the
20% Barangay Development Fund for CY 2023 was presented to Barangay
Finance Committee amounting to One Million Two Hundred Sixteen Thousand
Four Hundred Ninety-Seven Pesos and 20/100 (Php 1,216,497.20) ;
WHEREAS, the 20% Barangay Development Fund (BDF) for Calendar Year
2023 was appropriated to finance priority programs, projects, and activities of
the barangay as embodied in its approved Annual Investment Program;
WHEREAS, there are programs and projects under the approved 20% BDF
for CY 2023 that were not implemented or were partially implemented due to
unforeseen circumstances and changing priorities of the barangay;
WHEREAS, there is a need to reprogram the unutilized balance of the
20% Barangay Development Fund for CY 2023 in the total amount of One
Million Two Hundred Sixteen Thousand Four Hundred Ninety-Seven
Pesos and 20/100 (₱1,216,497.20) to fund other priority development
projects that are more responsive to the present needs of the community;
WHEREAS, the reprogramming of said funds is deemed necessary,
proper, and beneficial to ensure the effective and efficient delivery of basic
services to the constituents of the barangay;
NOW, THEREFORE, on motion of _________________ BE IT RESOLVED, as
it is hereby RESOLVED, to RECOMMEND THE REPROGRAMMING of the 20%
Barangay Development Fund for Calendar Year 2023 in the amount of
₱1,216,497.20, from the original projects to the newly identified priority
programs and projects of the barangay, subject to existing accounting,
budgeting, and auditing rules and regulations;
RESOLVED FINALLY, that this Resolution shall take effect immediately upon its
approval.