Ordinance 6778-99

AN ORDINANCE AMENDING ORDINANCE NO. 6774-99, COVERING APPROVAL OF SUPPLEMENTAL BUDGET NO. 1 FOR CALENDAR YEAR 1999 OF THE GENERAL FUND AND SPECIAL ACCOUNT-CITY ECONOMIC ENTERPRISES, SO AS TO PROVIDE IN THE GENERAL FUND UNDER THE ITEM “BORROWINGS” OF LBP FORM #162-A ADDITIONAL SOURCE OF INCOME AMOUNTING TO P50 MILLION, REPRESENTING PROCEEDS OF THE CITY’S BACK-TO-BACK LOAN WITH THE DEVELOPMENT BANK OF THE PHILIPPINES, AND AN ADDITIONAL EXPENDITURE OF THE SAME AMOUNT UNDER THE ITEM “LAND BANKING-ACQUISITION OF LOT AT CALAANAN, CANITOAN-RELOCATION SITE” OF THE NON-OFFICE ACCOUNTS, THEREBY INCREASING THE ESTIMATED INCOME AND EXPENDITURE OF SUPPLEMENTAL BUDGET NO. 1 FOR CALENDAR YEAR 1999 OF THE GENERAL FUND FROM P44,820,852.00 TO P94,820,852.00

LGU: Cagayan de Oro City (City)
Topic: Finance, Budget and Appropriations
Committee: Finance, Budget & Appropriations [2007-2009]
Status: Approved
Filed: February 23, 1999

Summary

COVERING APPROVAL OF SUPPLEMENTAL BUDGET NO. 1 FOR CALENDAR YEAR 1999 OF THE GENERAL FUND AND SPECIAL ACCOUNT-CITY ECONOMIC ENTERPRISES

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