Rules on Investment of Idle Funds in Government Securities and/or Fixed Term Deposits with Official Depository Banks
Section 1. The following shall be the rules and regulations on investing funds in government securities and/or fixed terms deposits with official depository banks.
Section 2. The following terms/phrases are hereby defined for purposes of this Ordinance:
- Official Depository Banks – means those banks authorized by the Department of Finance and Bureau of Local Government Finance to accept deposits from the Local Government Units.
- Investible Funds – means cash which the city can freely invest in government securities and/or fixed term deposits with the official government depository banks, after considering provisions for coverage of regular and recurring operating expenses like salaries and wages, repairs and maintenance, inventories and supplies, debt-servicing, etc., as well as programmed disbursements for capital outlay.
Section 3. Classification of Banks. The following banks authorized by the Department of Finance and Bureau of Local Government Finance to accept government deposits are classified as Official Depository Banks:
- Land Bank of the Philippines
- Development Bank of the Philippines
- Philippine National Bank
- Philippine Veterans Bank
- Philippine Postal Savings Bank
Provided, that an authority is granted by the Department of Finance and Bureau of Local Government Finance to the above-mentioned banks.
Section 4. Standard Procedure in Evaluation. – The following procedures shall be followed during evaluation for placements of investible funds:
a. Prime consideration on placements to official depository banks shall be the prevailing interest rates for term of 30 to 90 days.
b. Investible Funds shall be reduced by the amount of fixed term deposits to official depository banks equivalent to the level of their outstanding loan exposures to the city whether it be loans granted to the following:
b.1. to the city finance projects;
b.2. to the employees of the city government; and
b.3. to the NGOs/POs duly accredited by the city whose program to be financed is in line with the city’s development programs; however, for this to be considered, such program must be endorsed by the lead department and Local Finance Board and authorized by the Sangguniang Panlungsod.
c. A constant of ten percent (10%) of the total amount to be invested shall be divided among the official depository banks with low yield interest rates. The decision on the farming out of the remaining ninety percent (90%) will be dependent on the high yield interest rate and the resultant figures having been simulated by the Local Finance Board secretariat.
d. Maturing fixed term deposits for subsequent placements or renewals shall be reported to the Local Finance Board on a weekly basis for review and proper disposition.
e. There will be no pre-termination of fixed term deposits except in cases of emergency compliance of contractual obligations.
Rate of Rental/Lease and Fees on Stall During Festivals
Section 1. There is hereby imposed the following schedule of fees to every area-occupant to the site where the flea market, night market, exhibits, display and other similar activities are conducted during City Charter Anniversary and Foundation Day Celebrations of the city and other significant or important occasions that the Sangguniang Panlungsod may declare, viz.:
|1. Permit Fee||P100.00/area|
|2. Garbage fee||P50.00 for 15 days/area plus P10.00/day in excess of 15 days, but not to exceed one (1) week|
|3. Sanitation fee||P200.00 for 15 days plus P15.00/day in excess of 15 days but not to exceed one (1) week|
|4. Electricity||P150.00 for 1 Bulb & 1 Equipment for 15 days plus P5.00/day/Bulb & equipment in excess of 15 days but not to exceed one (1) week|
|5. Rental fee||P400.00/6.25 sq. m. area for 15 days plus P10.00/sq. m./day in excess of 15 days but not to exceed one (1) week|
Section 2. For purposes of this Ordinance, the following terms shall mean:
- Booth or Stall – shall refer to an area consisting of 6.25 sq.m. with the dimension of 2.5 sq.m. x 2.5 sq.m.
- Flea market/night market or Tiangge – an outdoor market activity, temporary in nature, conducted at certain designated area with a specified period at which agro-industrial, native products, refreshment parlor, entertainment, live band, as well as dry goods, garments, furniture, pottery, jewelry, or it wares are conducted, exhibited or offered for sale. It also includes the offer of services of wellness center.
Section 3. The fees herein imposed shall be paid upon application for a permit to undertake such activity.
Section 4. Any person or entity that shall participate on this undertaking/activity shall first obtain a permit from the City Mayor before undertaking the activity for the purpose. A written application in a prescribed form shall set forth the name and address of the applicant, the kind of items, goods or merchandise that are for sale or displayed and such other pertinent information or data as may be required.
In case the festival is handled by a duly evaluated and qualified NGO partner, the application for booths or stalls may be done by said NGO partner for and in behalf of individual applicants.
Section 5. The duration of the activity to be conducted is good only for a period determined by a Committee In–Charge of the aforementioned affair.
Section 6. The amount collected on fees imposed herein shall accrue to the General Fund.
Section 7. The site for the flea or night market, tiangge and other similar activities shall be determined by the City Government.
New Brand for Large Cattle
Section 1. There is hereby adopted a new official brand for large cattle in the City of General Santos to be known hereinafter as “GSC”, which three-letter initials stand for “G” for General, “S” stands for Santos, and “C” stands for City, the facsimile of which is described below:
Section 2. The present brand for large cattle, “CMB”, shall continue to be in full force and effect and large cattle already duly marked prior to the effectivity of this Ordinance shall remain registered with the City Government of General Santos until such time that the adoption of the new brand for large cattle shall be fully implemented in accordance with the rules and regulations to be formulated by the Office of the City Treasurer immediately after the effectivity of this Ordinance.
Service Fees for Correction of Entries or Change of Name
Section 1. There is hereby imposed the following fees in the proceedings of the petition for correction of entry and change of name in the Office of the Local Civil Registrar:
|Proceeding||Nature of Fee||Amount of Fee|
|Petition for Correction of Clerical or Typographical Error||Filing Fee||P1,000.00|
|Petition for Change of Name or Nickname||Filing Fee||3,000.00|
|Petition for Correction of Clerical or Typographical Error of Migrant Petitioner||Service Fee||500.00|
|Petition for Change of Name or Nickname of Migrant Petitioner||Service Fee||1,000.00|
Section 2. The proceeds of the collection shall accrue to the coffer of the City Government of General Santos.
PhilHealth Capitation Fund
Section 1. Definition of terms. –
- Philhealth Capitation Fund – refers to the amount derived out of capitation scheme or form of payment by the Philippine Health Insurance Corporation (PHILHEALTH) to the city government for specific services provided under the indigent program for a particular period which is arrived at based on a predetermined criteria under the condition that any savings from the agreed amount accrues to the city government and that in case of insufficiency thereof, the particular services due to the covered beneficiaries shall be delivered at the cost of the city government.
- Outpatient Consultation and Diagnostic Package – refers to the diagnostic and primary consultation services which shall be included in the indigent program of PHIC and shall be administered, managed and/or delivered by the city government.
Section 2. The use, management and disposition of the Philhealth Capitation Fund (PCF) shall be governed by the following rules:
a. The capitation amount shall be released on a quarterly basis by the Philippine Health Insurance Corporation under the following conditions:
(a.1) Initial release shall be subject to the payment of premium contribution by the City;
(a.2) Succeeding release of quarterly capitation shall be subject to the submission of required monitoring/evaluation reports, research and program development as provided for under the Implementing Guidelines of the Outpatient Consultation and Diagnostic Package and prior payment of premiums in case of quarterly mode of remittance; and
b. The disposition of the PCF shall be governed by the following rules:
(b.1) The disbursement and liquidation of the PCF shall be in accordance with pertinent government accounting and auditing rules and regulations;
(b.2) A separate book of accounts shall be maintained by the local government unit; and
(b.3) The capitation fund shall be used only for the specified purposes stipulated in the Outpatient Consultation and Diagnostic Package Guidelines.
c. The Corporation may withhold the release of the subsequent quarterly PCFs due to any of the following:
(c.1) Delay or non-payment of premium contribution;
(c.2) Violation of government accounting and auditing rules and regulations on the disbursement and liquidation of the PCF; and
(c.3) Non-submission of the required reports under Item a.2 hereof.