POLICIES / STRATEGIES
The City Government shall maintain its expenditures at a level consistent with growth and development targets
Channel more budgetary resources to economic development and prioritize expenditures for self- sufficiency/self-reliance and income generating programs and projects.
The City Government shall increase provisions for strategic capital investments that would catalyze income opportunities.
Poverty alleviation and synchronized delivery of social services shall continuously be the target of city expenditures.
City Government expenditure for personnel services shall be maintained to its present level and to continuously decline overhead expenditures as a percentage of total expenditures
Greater focus shall be given to human resource development and productivity enhancement. The City Government shall focus on programs-
Responding to natural calamities, disaster and other disturbances; Rehabilitating and conserving the environment;
Ensuring peace and order.
PROGRAMS / PROJECTS / ACTIVITIES
Proposed Project Formulation adoption of a multi-year Capital Investment Plan that would
serve as a target for expenditure pattern and instill fiscal discipline in all city operations.
Adherence and consistency of the resource allocation scheme to the city
Development Plan, City Capital Investment/ Annual Investment Plan.
Conduct multi-sectoral and periodic review of various developmental plans. Continue strengthening the City Finance Committee to-
Formulate/Prepare a comprehensive and systematic Annual Financial and Budget Plan for the ensuing fiscal year based on the approved City Development Plan;
Continuously utilize 20% of IRA to support development programs and projects. Continue to rationalize city expenditure on operations and maintenance. Implementing Agency City Finance Committee
City Planning and Development Office Income Generating
Departments/Offices
City Engineering Office
All City Government Department and Offices
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PROGRAMS / PROJECTS / ACTIVITIES (cont‟.)Proposed Project Strengthen Planning-Programming-Budgeting System (PPBS).
Implementing Agency City Planning and Development Office Office of the City Budget Officer
Proposed Project Strengthen the capabilities of the Caloocan City Disaster Risk Reduction and
Management Council through:
Formulation/Adoption and implementation of the Caloocan City Disaster Risk Reduction and Management Plan;
Continuous training for disaster personnel at all levels (City, barangay, schools, etc.);
Upgrading of facilities;
Enhancement of communication system especially in times of disaster and disturbances;
Formulation of an Emergency Plan for various calamities; (earthquake, tsunami, flooding)
Implementing Agency Caloocan City Disaster Risk Reduction and management Office/Council
BUDGETING
POLICIES / STRATEGIES
The City Government shall maintain the magnitude of public debt to a more prudent level in order to attain fiscal surpluses.
The City Government shall continue to finance and achieve higher level of investments.
The City Government shall continue to aim increasing ratio of savings to facilitate reduction of current account deficits.
The City Government shall continuously pursue and practice prudent cash management and strengthen resource management capabilities.
The City Government shall institute flexible and less restrictive accounting and auditing rules and regulations.
The City Government shall institute a highly consultative process of resource allocation and prioritization which will finally link planning and programming with budgeting.
The City Government shall promote greater accountability in the bureaucracy.
PROGRAMS / PROJECTS / ACTIVITIES
Proposed Project Maintain cash flow management through periodic monitoring of revenues,
expenditures and cash balances so as not to incur borrowing more than what is needed.
Conduct periodic consultation and dialogue with the Commission on Audit
regarding implementation of innovative programs and projects which deviates from the usual auditing criteria.
The City Government’s budgeting, accounting and internal audit system shall be strengthened, improved and streamlined to evolve service-oriented, cost-efficient and well performing budget management.
Establishment of sound audit and accounting linkages to implement uniform
standards and procedures.
Conduct capability upgrading on resource management and budgeting of
each department/office heads to ensure and instill fiscal discipline and accountability for outputs and results.
Institutionalization of the Work and Financial Plan in order to:
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and subsequent releases;
Establish means of measuring physical targets and corresponding level of efforts in accordance with such schedule of fund utilization of the approved budget;
Implementing Agency City Finance Committee
Office of the City Budget Officer Office of the City Accountant
City Treasurer‟s Office City Internal Audit
Proposed Project Conduct periodic seminar/workshop on Barangay Development Planning
and Fiscal Administration.
Intensify coordination with barangay units regarding development planning
and fiscal management to assist barangays in executing their development and budget plans.
Implementing Agency Barangay Councils
City Planning and Development Office Office of the City Budget Officer CBAS
Association of Barangay Council (ABC)
Barangay Secretariat DILG
FINANCING
POLICIES / STRATEGIES
The City Government shall avail of the opportunities offered by the Local Government Code with respect to credit and financing to finance city investments.
Implement and vigorously pursue external financing strategies hand-in-hand with internal resource mobilization.
PROGRAMS / PROJECTS / ACTIVITIES
Proposed Project Avail of the following financial initiatives:
Overnight placements with banks offering higher interest rates. Reduction of short-term borrowings in favor of long-term offerings; Bond flotation;
Maintain credit worthiness of the city government by having a sound debt management system;
Intensify campaign to attract and encourage private investors Privatize some government operations;
Intensify joint-venture agreements with the GOCC/private sector.
Formulate and adopt a „Credit and Financial Scheme Menu‟ in addition to the commonly-known mode of financing.