Edge Davao 7 Issue 177

Page 1

VOL. 7 ISSUE 177 • WEDNESDAY, NOVEmbEr 19, 2014

P 15.00 • 20 PAGES

www.edgedavao.net

EDGEDAVAO Serving a seamless society

WORKING HIGH. Davao City’s General Services Office (GSO) employees prepare the LED lights that will be installed as Christmas decorations around the premises of City Hall two weeks before the launching of this year’s “Pasko Fiesta sa Dabaw” celebration. Lean Daval Jr.

P5.8B FOR 2015 With 13 % increase, Council passes budget ordinance

By ARMANDO B. FENEQUITO JR. abf@edgedavao.net

T

he Davao City Council yesterday approved on third and final reading the P5.813-billlion budget of the city for 2015. In yesteday’s regualr session, the Council approved the ordinance titled “An Ordinance Granting Legislative Authority to the Proposed General Fund Annual Budget and Plantilla of the City Government of Davao for Calendar Year 2015, Comprising the Budget by Fund Accounct

Under the General Fund Proper, The economic enterprises for the Operation of Markets Slaughterhouse, Davao City Overland Transport Terminal (DCOTT), Sta. Ana Port, Cemeteries, Davao City Recreation Center (DCRC), Magsaysay Park, Pasalubong Center and the Annual Development Fund (ADF) in the total amount of P5,813,841,960.” Compared to this year’s P5.165 billion budget, next

year’s budget has a 13 percent or P662.24 million increase. “This is attributed to the increase in the estimates made by the City Treasurer as well as the Internal Revenue Allotment (IRA) due to the increased collection of internal revenue,” the committee report states. The bigger chunk of the total budget goes to the General Fund Proper with a total of P4.5 billion or 79 percent

of the total budget. General Fund will cover the expenditures for the current operations of various departments and offices of the city government comprising of personal services (PS), maintenance and other operation expenses (MOOe) and Capital Outlays, Statutory and Contractual Obligations, aids to the national government agencies, boards, councils, committees

FP5.8B, 10

INSIDE EDGE US FENCER WITH DAVAO ROOTS WINS WORLD CUP SILVER SPORTS page 16


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