Executive Order No. 09 Series of 2016

"An Order Reconstituting the Local Finance Committee (LFC) of Davao City"

(Document scanned by: Team Acosta)

(Document scanned by: Team Acosta)

In Section 316 Of Republic Act No. 7160 aka Local Government Code of 1991, Davao City is complying with its stipulated mandate. Thus, City Mayor Inday Sara Z. Duterte, with her executive power ordered the Creation and composition of the Local Finance Committee of the City Government of Davao. 

The LFC shall function as follows:

A. Determine the income reasonably projected as collaborative for the ensuing fiscal year;

B. Recommend the appropriate tax and other revenue measures or borrowings which may be appropriated to support the budget;

C. Recommend to the City Mayor the level of the annual expenditures and the ceiling of spending for economic, social and general services based on the approved local development plans;

D. Recommend to the City Mayor the proper allocation of expenditures for each development activity between current operating expenditures and capital outlays;

E. Recommend to the City Mayor the amount to be allocated for capital outlay under each development activity infrastructure project;

F. Assist the Sangguniang Panlungsod in the review and evaluation of Barangay Budgets and recommend the appropriate action thereon;

G. Assist the Sangguniang Panlungsod in the analysis and review of annual regular and supplemental budgets of the City Government to determine compliance with statutory and administrative requirements and;

H. Conduct semi-annual review and general examination of cost and accomplishments against performance standards applied in undertaking development projects and prepare a report in connection therwith.