The _____ is in charge of the recording and monitoring of SK budget transactions in the respective registries.

Session 3_SK Budget (Quiz)

Quiz
•
Professional Development
•
1st Grade - Professional Development
•
Medium
Audrey Balasa
Used 11+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
SK Chairperson
SK Treasurer
Barangay Chairperson
Budget Monitoring Officer
Answer explanation
The Budget Monitoring Officer (BMO) is responsible in the recording and monitoring of SK Budget transactions in the respective registries. The SK Chairperson with the concurrence of the majority of the SK members shall designate a BMO, which shall come from the SK Officials except the SK Treasurer.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The _____ is a financial plan embodying the estimate of receipts and payments for one fiscal year operation of the SK, approved by the SK through an SK Resolution before the start of the succeeding fiscal year, and should be consistent with the CBYDP and Program ABYIP.
Approved Budget
Annual Budget
Supplemental Budget
None of the above
Answer explanation
The Annual Budget is a financial plan embodying the estimate of receipts and payments for one fiscal year operation of the SK. The SK proposed budget shall be approved BEFORE the start of the succeeding fiscal year through an SK Resolution with a majority vote of the SK members present during the session called for the purpose.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
RBCPB stands for Registry of B_____, C_____, Payments and B_____.
Balances, Collections, and Balances
Balances, Commitments, and Budget
Budget, Collections, and Balances
Budget, Commitments, and Balances
Answer explanation
RBCPB stands for Registry of Budget, Commitments, Payments, and Balances.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The _____ is where the SK Records and monitors the funds received for a specific purpose.
RSPCPB
RBCPB
RSPFCPB
RCBPB
Answer explanation
The RSPFCPB is the registry where funds received for a specific purpose is recorded and monitored. A separate registry of the RBCPB is used when recording and monitoring approved budget.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All SK Funds shall be allocated in an annual budget, and if the funds allow, in a supplemental budget in accordance with the adopted _____.
ABYIP
CBYDP
LYDP
PYDP
Answer explanation
ABYIP is the yearly program based on the CBYDP. It shall contain the specific PPA with corresponding project cost including the reasonable timing in the release of the funds. It is where the annual budget was anchored.
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