Proposed executive budget pegged at P2.2B
BAGUIO CITY – The city executive department has pegged the tentative budget estimate for the year 2020 at P2,230,000,000.
Mayor Benjamin Magalong led the review of the proposed budget during the Budget Forum on the 2020 Executive Budget held Sept. 24 as a take-off activity for the finalization of the financial plan that will be presented for deliberation and approval by the city council.
The city’s total budget for 2019 was P2,180,656,133.66.
City Budget Officer Leticia Clemente presented the budget estimate based on tentative income projections on local and external sources of income by the city treasury office under City Treasurer Alex Cabarrubias.
Based on the projections, the total estimated income for 2020 is P2,030,000,000. A total of P864,062,938 of the amount comes from internal sources and P1,165,937,062 from external funds.
The internal sources consist of tax revenues and non-tax revenues while the external sources come from shares from national taxes and others.
The tax revenues are categorized as individual and corporation (professional and community tax), property (real property, special education tax and transfer taxes), goods and services (business, delivery trucks and vans, amusement and franchise taxes), hotel occupancy taxes and fines and penalties.
The non-tax revenues are broken down as service incomes (permit, registration, clearance and certification, supervision, regulatory enforcement, inspection, verification and authentication, processing and occupation fees, sealing and licensing of weights and measures, fines and penalties service income); business (rent income, parking fees, receipts from market, slaughterhouse and cemetery operations, sales revenue, garbage fees, interest, business and other incomes); and miscellaneous incomes.
The external sources meanwhile from shares from national taxes (Internal Revenue Allotment, national wealth and economic zones), government-owned and controlled corporations (Philippine Charity Sweepstakes Office), extraordinary receipts (grants and donations in kind) and capital or investment receipts (gain on sale of property, plant and equipment).
Included in the total was the beginning balance amounting to P200 million.
The expense component to cover the cost of delivery of basic services is still being finalized to be distributed to the following categories: personal services, maintenance and other operating expenses, capital outlay, Disaster Risk Reduction Management Fund and development fund.
Also up for review is the proposed Annual Investment Plan (AIP) which lists the projects of the city government for 2020.
City Planning and Development Officer Evelyn Cayat will present the projects to the City Development Council in a meeting set Oct. 8.
The CDC which is chaired by the city mayor will decide on what projects to adopt.
Both the proposed executive budget and the AIP will be subject to the approval of the city council.** Aileen P. Refuerzo