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    Memorandum of Agreement

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    Barangay Council Upper Klinan

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    Memorandum of Agreement

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    Barangay Council Upper Klinan
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    Moa

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    6 views3 pages

    Memorandum of Agreement

    Uploaded by

    Barangay Council Upper Klinan

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    REPUBLIC OF THE PHILIPPINES

    PROVINCE OF SOUTH COTABATO


    MUNICIPALITY OF POLOMOLOK
    BARANGAY UPPER KLINAN

    MEMORANDUM OF AGREEMENT

    KNOW ALL MEN BY THESE PRESENT:

    This Memorandum of Agreement made and entered into by in between the


    Sangguniang Kabataan Council of Barangay Upper Klinan, Polomolok,
    South Cotabato by HON. JOHN LOUIS O. TALUSE (Sangguniang Kabataan
    Chairperson) and HON. ROGER A. GOMEZ (PUNONG BARANGAY) of Sangguniang
    Barangay Council of Barangay Upper Klinan, Polomolok, South Cotabato
    for the purpose of Transfer/Release/Deposit of the 10% of the General
    Fund of the Barangay to the current account of the SK under the Joint
    Memorandum Circular (JMC) No. 1 s. 2019 dated January 23, 2019 by the
    Department of Budget and Management (DBM), Department of the Interior
    and Local Government (DILG) and National Youth Commission (NYC) on the
    Guidelines on the Appropriation, Release, Planning and Budgeting
    Process for the SK Funds.

    WHEREAS, Section 20(a) of the SK Reform Act of 2015 (Republic Act (RA)
    No. 10742, ten percent (10%) of the general fund of the barangay shall
    be set aside for the SK. The Sangguniang Barangay shall appropriate
    the SK Funds in lump-sum, which shall be disbursed solely for youth
    development and empowerment purposes. Furthermore, Section 20(b) of
    the same law provides that the SK shall have “Financial Independence”
    in its operations, disbursements, and encashment of their fund, income
    and expenditures.

    WHEREAS, under 3.2 Release of the SK Funds by the Barangay in which


    prescribed by this “JMC No. 1, s. 2019”;3.2.1 The SK Funds shall be
    automatically released by the Barangay to the SK, and shall not be
    subject to any lien or holdback that may be imposed by the Barangay
    for whatever purposes; 3.2.2 Consistent with Section 20(b) of RA No.
    10742, the SK shall open a current account in the name of the SK
    Chairperson and the SK Treasurer as the official signatories. For the
    efficiency and economy purposes, it is strongly encouraged for the SK
    to open and maintain a depository account in the same bank and branch
    of its Barangay. In the opening of account, the provision of
    Department of Finance Department Circular No. 1-2017 dated May 11,
    2017 shall be strictly observed; 3.2.3 The SK Funds shall be deposited
    by the Barangay in the current account of the SK not later than five
    (5) working days after the crediting of the monthly National Tax
    Allotment (NTA) share of the Barangay consistent with the rules and
    regulations issued by the Commission on Audit (CoA). For all the other
    income accruing to the general fund of the Barangay, the corresponding
    SK Funds shall be deposited not later than five (5) working days after
    the end of the month. The Barangay may opt to transfer/release the SK
    Funds earlier than herein prescribed on annual, semestral or quarterly
    basis, subject to the written agreement between the Barangay and the
    SK. Failure by the Barangay to release any amount of the SK Fund shall
    subject the erring officials to penalties under existing laws.

    NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

    1. Transfer/Release/Deposit of the ten percent 10% of the General


    Fund of the Barangay in the current account of the SK not later
    than Five (5) working days after the crediting of the Monthly NTA
    share of the Barangay. The exact and agreed date of
    transfer/release/deposit of the SK Fund shall be subject to
    Monthly Basis, it must be deposited on every 5th day of the Month
    unless the indicated day are (a) holiday or (b) non-working days
    the execution will be subject after on those future concern
    dates. The total amount of SK Annual Share from the NTA of this
    year is Seven Hundred Thirty-Five Thousand One Hundred Three
    Pesos And 60/100 (₱735,103.60) which approximately Sixty-One
    Thousand, Two Hundred Fifty-Eight and 63/100 (₱61,258.63)
    per month which shall be transferred to the SK Fund Name
    Sangguniang Kabataan-Brgy. Upper Klinan with Account No.
    0762-1041-99 every 5th day after the end of each month &;
    Transfer/Release/Deposit of the 10% of all the other regular
    and income accruing to the General Fund of the Barangay. The
    corresponding SK Share shall be deposited not later than
    five (5) working days after the end of the month.

    2. That the both parties have read and understood all the terms
    and conditions and agreed to the same without reservation.

    In witness whereof the parties hereto have caused this Agreement to be


    executed in accordance with the laws of the Republic of the
    Philippines, signed this ____ day of _____________, 2022 at Barangay
    Upper Klinan, Polomolok, South Cotabato.

    HON. ROGER A. GOMEZ HON. JOHN LOUIS O. TALUSE


    Punong Barangay Sangguniang Kabataan Chairperson
    CTC No. :_________ CTC No. :_________
    ISSUED ON:_________ ISSUED ON:_________

    Signed & attested by the Majority of the Sangguniang Kabataan Member:

    HON. KENNETH L. BENSORTO HON. JERIC E. CAINGLET


    Sangguniang Kabataan Member Sangguniang Kabataan Member

    HON. BRYAN V. INSULAR HON. JOHANNA BLESS D. HINALAO


    Sangguniang Kabataan Member Sangguniang Kabataan Member

    Signed & attested by the Majority of the Sangguniang Barangay Member:

    HON. ELMEDIO D. SALAZAR HON. ROBERTO H. ANDRADA


    Sangguniang Barangay Member Sangguniang Barangay Member

    HON. CLYDE B. GOMEZ HON. RONILO G. MOSCOSO


    Sangguniang Barangay Member Sangguniang Barangay Member

    HON. FREDDIE M. ESTREBILLA HON. PABLO H. BAJAR JR


    Sangguniang Barangay Member Sangguniang Barangay Member

    HON. RANDY A. LABRA


    Sangguniang Barangay Member

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