DILG MEMORANDUM CIRCULAR
No. 2023-068
SK FULL PUBLIC DISCLOSURE
(FPD) POLICY: POSTING OF
SK-RELATED DOCUMENTS
IN THE SKFPD POLICY BOARD
TEN PERCENT (10%) OF THE
GENERAL FUND OF THE
BARANGAY SHALL BE SET
ASIDE FOR THE SK, WHICH
SHALL BE DISBURSED SOLELY
FOR YOUTH DEVELOPMENT
AND EMPOWERMENT
PURPOSES
THE SK SHALL HAVE FINANCIAL
INDEPENDENCE IN ITS
OPERATIONS, DISBURSEMENTS
AND ENCASHMENTS OF ITS
FUNDS, INCOME AND
EXPENDITURES
THE SK FUNDS SHALL BE
DISBURSED IN ACCORDANCE
WITH THE PROVISIONS OF RA
NO. 10742 AND ITS IRR, AS
AMENDED, EA NO. 91843, AND
SUCH OTHER PERTINENT LAWS,
RULES AND REGULATIONS
ALL MONIES OFFICIALLY
RECEIVED BY THE SK
OFFICIALS IN ANY CAPACITY
OR ON ANY OCCASION SHALL
BE ACCOUNTED FOR AS SK
FUND, UNLESS OTHERWISE
PROVIDED BY LAW
SK FUNDS SHALL BE DISBURSED FOR
YOUTH DEVELOPMENT AND
EMPOWERMENT PURPOSES
DISBURSEMENTS/PAYMENT OR
DISPOSITION OF SK FUNDS OR
PROPERTY SHALL INVARIABLY BEAR
THE APPROVAL OF THE PROPER
OFFICIALS7
ALL CLAIMS AGAINST THE SK FUNDS SHATL
BE SUPPORTED WITH COMPLETE
DOCUMENTATION
The SK Chairperson shall be immediately and
primarily responsible for all funds and properties
pertaining to the SK
The proper handling or custody of the funds and
properties of
the SK rests with the SK Treasurer
THE SK CHAIRPERSON, WITH THE
CONCURRENCE OF THE MAJORITY OF
ALL THE SK MEMBERS SHALL
DESIGNATE A BUDGET MONITORING
OFFICER (BMO) WHO SHALL BE
RESPONSIBLE FOR THE MONITORING
OF THE BUDGET AND PREPARATION OF
BUDGET REPORTS. THE BMO SHALL
COME FROM SK OFFICIALS EXCEPT
FOR THE SK TREASURER
ALL ACCOUNTABLE FORMS,
RECORDS, REGISTERS,
REGISTRIES, DVS AND
SUPPORTING DOCUMENTS,
AND REPORTS OF SK SHALL BE
MADE AVAILABLE FOR AUDIT
BY THE COA
SET UP THE SKFPD POLICY BOARD IN
THE DESIGNATED AREA AS
IDENTIFIED BY THE PUNONG
BARANGAY. THE SKFPD POLICY
BOARD MAY VARY AS TO SIZE
DEPENDING ON THE AVAILABLE
RESOURCES OF THE SKS, AS LONG AS
THE DOCUMENTS POSTED ARE
READABLE AND ARE LABELLED
ACCORDINGLY.
Through the SK Treasurer, accomplish the:
Quarterly Register of Cash in Bank (RCB)
and Other Related Financial
Transactions and submit a copy of the duly signed RCB
(Annex “D”) to the DILG Municipal Field Office not later
than the 7th day of the first month of the ensuing quarter.
MIL and submit a copy of the duly signed
MIL (Annex “E”) to the DILG
City/Municipal Field Office not later than
the 7th day of the ensuing month.
The Punong Barangays are enjoined
to perform the following:
Automatically release the corresponding
10% of the general fund of the barangay to
the SK, which shall not be subject to any
lien or holdback
Ensure that the corresponding SK funds shall be deposited
in the current account of the SK not later than five (5)
working davs after crediting of the monthly National Tax
Allocation (NTA), formerly Internal Revenue Allotment
(IRA) share of the barangay, consistent with the rules and
regulations issued by the Commission on Audit (COA)
See to it that corresponding SK funds from all other income
accruing to the general fund of the barangay shall be
deposited not later than five working davs after the end of
the month, or on the dates as agreed by the barangay and
the SK, either annually, semestral or quarterly basis, subject
to their written agreement
Direct the Barangay Treasurer to assist
the SKs in the preparation of their
financial documents based on COA
rules, regulations and guidelines
The First Quarter Report for CY 2023 shall be submitted on
July 20, 2023 together with the Second Quarter Report
Deadline:
JULY 10, 2023
THANK YOU
