378030865-1-Bclte-Reviewer-2018.doc

LOCAL TREASURY OPERATIONS MANUAL Scope 1: Fiscal Organizaton Organizaton o Local !o"ern#en$s an% $&e Local Treas'rer Treas'rer C&ap$er 1: Fiscal Organizaton Organizaton o Local !o"ern#en$s 1(

I$ is a )o%* )o%* politc an% corpora$e corpora$e en%o+e% +i$& po+ers po+ers $o )e e,ercise% )* i$ in in conor#i$* conor#i$* +i$& la+( la+( a(

!o"ern ern#en$ en$

)( Loca Locall !o"e !o"ern rn#e #en$ n$ Uni$ Uni$ c(

Pro"ince

%( Ci$* e(

-aranga*

Ans+er:

)( Local !o"ern#en$ Uni$

.( T&e co##on co##on re/'ire#en$ re/'ire#en$ss or creaton creaton o a local go"ern#en go"ern#en$$ 'ni$ or i$s con"ersi con"ersion on ro# one le"el le"el $o ano$&er s&all )e )ase% on $&e ollo+ing: a( S'0 S'0cien cien$$ Inc Inco#e )( Pop'lat Pop'laton on +i$&in +i$&in $&e $&e $erri$ori $erri$orial al 'ris%icton 'ris%icton c(

Con Contg'o tg'o's 's Lan% Lan% Area Area

%( All All o o $& $&e a) a)o"e e( No None ne o $&e $&e a)o a)o"e Ans+er: 2(

%( All o $&e a)o"e

T&e %e$er#inaton %e$er#inaton o co#pliance co#pliance $o $&e $&e co##on re/'ire#en$s re/'ire#en$s or or creaton o o an L!U L!U or i$s con"ersion con"ersion s&all )e a3es$e% $o )* $&e ollo+ing ollo+ing e,cep$: a( 4epa 4epar$ r$#e #en n$ o Fina Financ nce e )( Nato Natona nall S$a S$ats tstc tcss O0c O0ce e c(

Pro" Pro"in inci cial al Capi Capi$o $oll

%( Lan% Lan%ss Man Manag age# e#en en$$ -'re -'rea' a' e(

4epar$#en$ 4epar$#en$ o En"i En"iron# ron#en$ en$ an% Na$'ral Na$'ral Reso'rces Reso'rces

Ans+er: 5(

c( Pro"incial Capi$ol

T&e inco#e classi6caton o local go"ern#en$ 'ni$s res'ltng res'ltng ro# %i"ision an% #erger #erger s&all )e 'p%a$e% 'p%a$e% $o re7ec$ $&e c&anges in $&eir 6nancial positon( a(

8i$&in 8i$&in 9 #on #on$&s $&s ro# ro# eect" eect"i$* i$* o o R(A( No( No( ;19< ;19<

)( 8i$&in 8i$&in a *ear *ear ro# ro# eect eect"i$ "i$* * o R(A( R(A( No( ;19< ;19< c(

8i$&in 8i$&in 2 *ears *ears ro ro# # eect" eect"i$* i$* o R(A( R(A( No( No( ;19< ;19<

%( No None ne o $&e $&e a)o" a)o"e e Ans+er: =(

a( 8i$&in 9 #on$&s ro# eect"i$* o R(A( No( ;19<

A pro"ince #a*)e crea$e% crea$e% )* an an Ac$ o Congress an% s')ec$ $o appro"al appro"al )* a #aori$* #aori$* o $&e "o$es cas$ cas$ in a ple)isci$e $o )e con%'c$e% )* $&e COMELEC in $&e local go"ern#en$ 'ni$ or 'ni$s %irec$l* aec$e% ro# $&e sai% Ac$> $&e ple)isci$e s&all )e &el% +i$&in: a(

2< %a*s

)( 9< %a*s c(

1.< %a %a*s

%( One *e *ear e( No None ne o $&e $&e a)o a)o"e Ans+er:

c( 1.< %a*s

9( A contg'o's contg'o's $erri$or $erri$or* * as cert6e% )* $&e $&e Lan%s Manage#en Manage#en$$ -'rea' $o $o co#pl* co#pl* +i$& $&e creaton creaton o $&e $&e pro"ince s&all )e a$ leas$: a(

1<< 1<< s/'a s/'are re ?ilo ?ilo#e #e$e $ers rs

)( .><<< .><<< s/'a s/'are re ?il ?ilo# o#e$ e$er erss c(

1<><< 1<><<< < s/' s/'ar are e ?il ?ilo# o#e$ e$er erss

%( =<><< =<><<< < s/'a s/'are re ?il ?ilo# o#e$ e$er erss e( No None ne o $&e $&e a)o a)o"e Ans+er:

)( .><<< s/'are ?ilo#e$ers

;( A pro"ince pro"ince #a*)e #a*)e crea$e% crea$e% i i$ &as an A"erage A"erage Ann'al Ann'al Inco#e or or $&e i##e%ia$el* i##e%ia$el* prece%in prece%ing g . consec't"e consec't"e *ears )ase% on 1@@1 cons$an$ prices> as cert6e% )* 4epar$#en$ o Finance> o a$ leas$: a( P&p P&p .>= .>=<<> <<><<< <<<(<< (<< )( P&p P&p .<>< .<><<< <<>< ><<< <<(< (<< < c(

P&p P&p =<>< =<><<< <<>< ><< <<(<< <(<<

%( P&p P&p 1<< 1<<>< ><<< <<>< ><<< <<(< (<< < e( P&p P&p .=< .=<>< ><<< <<>< ><<< <<(< (<< < Ans+er: (

)( P&p .<><<<><<<(<<

A #'nicipali$* or a cl's$er cl's$er o )aranga* )aranga*ss #a* )e con"er$e% in$o a co#ponen$ ci$* i i$ &as &as a locall* locall* genera$e% genera$e% A"erage Ann'al Inco#e or $&e las$ . consec't"e *ears )ase% on .<<< cons$an$ prices> as cert6e% )* 4epar$#en$ o Finance> o a$ leas$: a( P&p P&p .>= .>=<<> <<><<< <<<(<< (<< )( P&p P&p .<>< .<><<< <<>< ><<< <<(< (<< < c(

P&p P&p =<>< =<><<< <<>< ><< <<(<< <(<<

%( P&p P&p 1<< 1<<>< ><<< <<>< ><<< <<(< (<< < e( P&p P&p .=< .=<>< ><<< <<>< ><<< <<(< (<< < Ans+er:

%( P&p 1<<><<<><<<(<<

@( T&e #ini#'# #ini#'# pop'lato pop'laton n as cert6e% $&e Natonal Natonal S$atstcs S$atstcs O0ce $o co#pl* co#pl* +i$& re/'ire# re/'ire#en$ en$ or $&e creaton o $&e pro"ince s&all )e: a( .=>< .=><<< << in& in&a) a)i$ i$an an$s $s )( 1<<>< 1<<><<< << in&a in&a)i )i$a $an$ n$ss c(

1=<> 1=<><< <<< < in& in&a) a)i$ i$an an$s $s

%( .=<>< .=<><<< << in&a in&a)i )i$a $an$ n$ss e( =<<> =<<><< <<< < in&a) in&a)i$ i$an an$s $s Ans+er:

%( .=<><<< in&a)i$an$s in&a)i$an$s

1<( T&e #ini#'# pop'laton pop'laton as cert6e% $&e Natonal S$atstcs O0ce $o co#pl* co#pl* +i$& re/'ire#en$ re/'ire#en$ or $&e creaton o a ci$* s&all )e: a( .=>< .=><<< << in& in&a) a)i$ i$an an$s $s )( 1<<>< 1<<><<< << in&a in&a)i )i$a $an$ n$ss

c(

1=<> 1=<><< <<< < in& in&a) a)i$ i$an an$s $s

%( .=<>< .=<><<< << in&a in&a)i )i$a $an$ n$ss e( =<<> =<<><< <<< < in&a) in&a)i$ i$an an$s $s Ans+er:

c( 1=<><<< in&a)i$an$s

11( A contg'o's $erri$or* as cert6e% )* $&e Lan%s Manage#en$ Manage#en$ -'rea' $o co#pl* co#pl* +i$& $&e creaton o a ci$* s&all )e a$ leas$: a(

1<< 1<< s/'a s/'are re ?ilo ?ilo#e #e$e $ers rs

)( .><<< .><<< s/'a s/'are re ?il ?ilo# o#e$ e$er erss c(

1<><< 1<><<< < s/' s/'ar are e ?il ?ilo# o#e$ e$er erss

%( =<><< =<><<< < s/'a s/'are re ?il ?ilo# o#e$ e$er erss e( No None ne o $&e $&e a)o a)o"e Ans+er:

a( 1<< s/'are ?ilo#e$ers