SK LETRA MODULE

February 25...

"The youth is the hope of the motherland..."
- Jose Rizal

The author have been assigned by the Provincial Government to create a module for the upcoming SK (Sangguniang Kabataan/Youth Leaders) Summer Camp - Leadership Training (LETRA)

Here I have posted one of the topics that I have already finished. The topic of SK Plans and Budget. If you have additions and corrections kindly leave a comment so we can incorporate it. Thanks!

LECTURE ON SK PLANS & BUDGET

Course Outline
I. Legal Basis
II. What is a Budget?
III. Composition
IV. Budget Process
V. Annual and Supplemental Budget
VI. Realignment

LEGAL BASIS

Sec. 329, Art. 2 of RA 7160 provides that ten percent (10%) of the General Fund of the barangay shall be set aside for the Sangguniang Kabataan.

WHAT IS A BUDGET?

- A management tool
- A process of allocating limited resources for funding necessary lawful expenditures

WHAT COMPRISES A BUDGET?

Part I – sources or revenue to be collected
Part II – proposed expenditures/appropriations

UNDER SOURCES:

a) Beginning balance
1. Surplus
2. Continuing appropriations
b) 10% share from barangay funds
c) Donations

UNDER APPROPRIATIONS:

Allocations of SK funds

Section 1 - 40%

Green Brigade 10%
Livelihood 10%
Capability building 10%
Anti-Drug Abuse campaigns 10%

Section 2 - 58% other programs

2.1 Education services & moral recovery program
2.2 Health services & adolescent reproduction health program
2.3 Disaster combination & calamity management
2.4 Sports development activities
2.5 Community immersion
2.6 Infra projects
2.7 Legislative work and involvement
2.8 Other development program vitalfor the youth

Section 3 - 2% annual dues

40% goes to Pambayang Pederasyon
20% goes to Panlalawigang Pederasyon
20% goes to Regional Council
20% goes to Pambansang Pederasyon


5. Annual and Supplemental Budgets Differences

Annual
1. Prepared every October of every year
2. Effective January of each year
Ever prepared after October of a year

Supplemental
1. Prepared once additional income is Realized
2. Effective upon its passage

Similarities
1. Approval by SK municipal LEC
2. Majority votes required
3. Presented for deliberation in a regular session

6. Realignments – same process with annual / supplemental budgets to be approved by SK Municipal LEC

PLAN – BUDGET LINK MODEL
1. Determine issues current / for development
2. Arrive to VISION / GOAL
3. Strategies

1.Activities
1. Projects
2. Programs
3. Resources requirements


1. Prioritization of activities
2. Allocation of resources
3. Targets
4. Performance output

Policy decisions : determine the goal
: provision of basic services
: if the funds doesn’t warrant resort to investment
- thru – subsidy
- savings via cost reduction scheme

The Format for a budget is

Republic of the Philippines
Province of Albay
Municipality of _______________
Barangay ___________________


SK ANNUAL BUDGET
CY 2008


1. SOURCES

Balance end of the year (- Partial) __________________
10% SK Share (2007) __________________
Others __________________


====================


2. EXPENDITURES/ APPROPRIATION

A. Green Brigade (10%) __________________
B. Livelihood (10%) __________________
C. Capability Building (10%) __________________
D. Anti-Drug Abuse Campaign (10%) __________________
E. SK Annual Dues (2%) __________________
F. Other Concerns (58%) __________________



TOTAL EXPENDITURES:



====================



CHOOSE TO BE RICH WORK BOOK
022508


QUESTIONS:
Are you set up to retire early or are you living like a financial yo-yo?
Will you retire at age 45 or remain self-employed until 80?
Live in a mansion at the coast or in a small condo in the city?
Spend your twilight years in a long term care facility or tended by a private nurse?
Do you want to have too little money or too much money?

ANSWERS:
As of now I am in the middle of seting up to retire early and being a financial yo-yo... This is my take off stage, it might be difficult but I will take off and retire early.
Based on my computation I will retire by age 48...
Of course live in a mansion at the coast...
To tended by a private, sexy nurse he he he he he he he...
TOO MUCH MONEY!!!!



I AM SO HAPPY AND GREATFUL NOW THAT…
022508

1. I will retire early!
2. By age 48 my passive income falls at $1M or more per year! YES!
3. I will live in a mansion by the coast, tended by a sexy nurse... grrrr... he he he he he
4. I am now on my way to financial freedom!