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    Moa SK Transfer Fund

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    barangaydawis2
    This memorandum of agreement between the Sangguniang Kabataan Council and Sangguniang Barangay Council details the transfer of 10% of the barangay's general funds to the SK account per national guidelines. It specifies the transfer of past balances and the deposit timeline and process for monthly IRA allocations and other barangay income. Both parties agree to the terms to properly execute the fund transfers.

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    © All Rights Reserved
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    Moa SK Transfer Fund

    Uploaded by

    barangaydawis2
    76 views4 pages
    This memorandum of agreement between the Sangguniang Kabataan Council and Sangguniang Barangay Council details the transfer of 10% of the barangay's general funds to the SK account per national guidelines. It specifies the transfer of past balances and the deposit timeline and process for monthly IRA allocations and other barangay income. Both parties agree to the terms to properly execute the fund transfers.

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    MOA SK TRANSFER FUND

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    This memorandum of agreement between the Sangguniang Kabataan Council and Sangguniang Barangay Council details the transfer of 10% of the barangay's general funds to the SK account per national guidelines. It specifies the transfer of past balances and the deposit timeline and process for monthly IRA allocations and other barangay income. Both parties agree to the terms to properly execute the fund transfers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    76 views4 pages

    Moa SK Transfer Fund

    Uploaded by

    barangaydawis2
    This memorandum of agreement between the Sangguniang Kabataan Council and Sangguniang Barangay Council details the transfer of 10% of the barangay's general funds to the SK account per national guidelines. It specifies the transfer of past balances and the deposit timeline and process for monthly IRA allocations and other barangay income. Both parties agree to the terms to properly execute the fund transfers.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Republic of the Philippines

    PROVINCE OF ANTIQUE
    MUNICIPALITY OF CALUYA
    BRGY. DAWIS
    5711

    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 Dawis, Caluya Antique represented by HON. CEEJAY B.
    SALVAOR (Sangguniang Kabataan Chairperson) and HON. SANNY M. SALVADOR
    (Punong Barangay) of Sangguniang Barangay Council of Brgy. Dawis, Caluya, Antique
    for the purposes of Transfer/Release/Deposit of the 10% of the General Fund of the Barangay to
    the current account of the SK under 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 Fund 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 purpose;
    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 in a bank, preferably government-owned, situated
    in or nearest to its area of jurisdiction, with the SK Chairperson and the SK
    Treasurer as the official signatories. For 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 provisions
    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 Internal Revenue Allotment (IRA) 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.

    WHEREAS on 4.0 Transitory Provision of this JMC, all undisbursed SK Funds as


    of December 31, 2018 under the custody of the Barangay shall be transferred to
    the current account of the SK. The Utilization thereof shall be subject to
    subsequent planning and budgeting by the SK, in accordance with the policies
    and procedures prescribed by this JMC.

    NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

    1. That the Sangguniang Barangay Council of Barangay Dawis, Caluya, Antique shall do
    and execute the following:
     Transfer/Release/Deposit of all the remaining balances prior on the
    return of SK on the specific year 2013 up to December 31, 2018 in
    lump-sum as indicated by the JMC which shall not be subject to any
    lien or holdback that may be imposed by the barangay. It is very
    strictly emphasized that upon opening of account of the SK and
    upon properly introduce to the Sangguniang Barangay Regular
    Session the proceed of transfer of its all remaining Fund must be
    observed and properly executed. It is understood that after
    informing all the Sangguniang Barangay Officials during regular
    session transferred of SK Continuing Fund amounting Two hundred
    fifty-four thousand nine hundred sixteen and 3/100 (P254,916.30)
    should be done not later than five (5) working days after the said
    session.
     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 IRA share of the
    Barangay. The exact and Agreed date of Transfer/Release/Deposit of
    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)holidays
    or (b)non-working days the execution will be subject after on those
    future concern dates. 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 12 th day of MARCH, 2024 at
    Barangay Dawis, Caluya, Antique.

    HON. SANNY M. SALVADOR HON. CEEJAY B. SALVADOR


    Punong Barangay Sangguniang Kabataan Chairperson
    CTC No. CTC NO.
    ISSUED ON. ISSUED ON.

    Page 2 of 5 of MOA 2019


    Signed & Attested by the Majority of Sangguniang Kabataan Member:

    HON. JUNH CLEARE L. SALVADOR HON. JORNEY D. ANTONIO


    Sangguniang Kabataan Member Sangguniang Kabataan Member

    HON. MARY ANN C. PANGANIBAN HON. JOHN KENNETH S. NEBRIL


    Sangguniang Kabataan Member Sangguniang Kabataan Member

    Signed & Approved by the Majority of Sangguniang Barangay Member:

    HON. NORMAN JAY C. SALVADOR HON. MICHAEL ANGELO V. JAVIER


    Sangguniang Barangay Member Sangguniang Barangay Member

    HON. JESSIE C. RADAZA SR. HON. REYDANTE C. SALVADOR


    Sangguniang Barangay Member Sangguniang Barangay Member

    HON. CHARLIE C. SALVADOR HON. JESSEL M. CALINOG


    Sangguniang Barangay Member Sangguniang Barangay Member

    HON. RIC D. CALINOG SR.


    Sangguniang Barangay Member

    Page 3 of 5 of MOA 2019

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