AN ORDINANCE granting Mid-Year Bonus equivalent to one (1) month basic salary rate for all salaried city officials and employees of the city government of Cagayan de Oro, pursuant to Executive Order No. 201 as approved by the President on February 09, 2016 and implemented under Local Budget Circular No. 108 dated February 24, 2016 by the Department of Budget and Management; and for this purpose, appropriating the sum of P48,297,463.00 from the item CY 2015 Surplus of various offices to be made available therefor, subject to accounting, Budgeting and auditing regulations