MALAYBALAY CITY, Bukidnon (Dec. 22, 2023) – Valencia City Mayor Azucena P. Huervas along with Vice Mayor Atty. Teodoro Roteo Pepito signed the fiscal year 2024 budget ordinance of PhP1,981,602,446

The budget signing was held at the City Mayor’s Office (CMO) Conference Room on December 21, 2023.

Councilor Greizl Galario-Fernandez, chairperson of the committee on accounts and appropriations, all members of the Sangguniang Panlungsod, and department heads were present for the signing ceremony.

The annual budget of the city includes a General Fund budget of P1,901,602,446.00 and an Economic Enterprise budget of P80,000,000.

This comprehensive budget includes the following specific allocations: five percent for Gender and Development (GAD), totaling P95,080,123.00; five percent for the Local Disaster Risk Reduction and Management Fund (LDRRMF), totaling P95,080,123.00; and 20 percent for the Local Development Fund (LDF), totaling P315,120,490.00.

Budgets are also set aside for health and nutrition, barangay aid, personal services, maintenance and operating expenses, and capital outlay.

With the approval of the 2024 budget, the city government is ready to use it wisely for sustained operations, enhanced service delivery, and the implementation of a variety of initiatives, programs, and opportunities that will benefit the community. (melbmadera)