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Browsing All posts tagged under »fiscal management«
More unpaid bills: Travel agency, food caterers, others seek payment
Anxious to get paid, more suppliers went to see Acting Gov. Agnes Magpale yesterday to present their bills for services rendered before she took over last Dec. 19. They include a travel agency which said the Province of Cebu owed P1.5 million for local and foreign trips, and a food caterer with unpaid catering bills […]
Agnes drops treasurer
January 3, 2013
She seeks cash examination of Capitol: ‘I won’t touch trust funds’ Cebu Acting Gov. Agnes Magpale started the New Year with a decision yesterday to replace the provincial treasurer for loss of trust, and asking for a cash examination by the Department of Finance (DOF). “I need people I can rely on,” she said, after […]
Acting Gov. Magaple asks DILG for audit of Capitol finances
December 29, 2012
Acting Gov. Agnes Magpale has asked the Dept. of Interior and Local Government to conduct a “thorough audit” of finances of the Capitol a day after the provincial treasurer reported cash flow problems and P200 million in payables. Magpale, who described the situation as apparent “deficit spending”, said she wrote the DILG central office for […]
Capitol faced with tight cash flow, P200 million in payables; burden falls on Acting Gov. Magpale
December 28, 2012
Barely a week after Cebu Gov. Gwen Garcia’s suspension, several big bills have arrived at the Capitol for payment. Provincial Treasurer Roy Salubre told acting Gov. Agnes Magpale the provincial government is short of cash to settle all of them immediately, obligations worth P200 million. He presented a cash report showing P90 million available in […]
2013 budget ‘unrealistic’ Local Finance Board gets flak from City Council
November 24, 2012
Cebu City councilors yesterday chided the Local Finance Committee (LFC) for coming up with unrealistic revenue estimates as the City Council started scrutinizing Mayor Michael Rama’s proposed P6.7 billion budget for 2013. Cebu City Treasurer Emma Villarete got flak after she told the budget committee that the city is capable of funding the proposed budget […]
Cebu City’s budget still short of P1.9 B
October 20, 2012
CEBU City has so far collected P3.5 billion in revenue to fund its P5.4 billion budget this year, the Cebu City Treasurer’s Office said. Acting City Treasurer Emma Villarete said the collections could still increase to P4 billion after the city collects fourth quarter payments for real property and business taxes. In 2011, the city […]
Budget cuts irks city council
October 20, 2012
The P6.7 billion budget proposed by the Cebu City mayor for 2013 may escalate the conflict between his office and the City Council ahead of next year’s election. Vice Mayor Joy Augustus Young said he wondered how the council can function well without office supplies and a budget for advertisements or publication of approved ordinances […]
P6.7 billion Cebu City budget
October 18, 2012
A “more realistic” budget of P6.7 billion and not P7.2 billion as earlier reported was proposed for approval by Cebu City Mayor Michael Rama to the Cebu City Council on Tuesday. “Mayor Rama would have wanted a bigger budget but we at the Local Finance Committee are honest enough to admit that we can’t raise […]
Drainage, lighting headline barangay requests
September 12, 2012
DRAINAGE improvement projects, street lighting, traffic systems and solid waste management topped the concerns of 15 Cebu City north district barangays during a consultation with Cebu City Mayor Michael Rama yesterday. The mayor signed a “commitment of support” with the barangay captains who joined the event but said it was still up to the City […]
January 5, 2013
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