SK Collection and Deposit

Issue of a provisional receipt is allowed.

• True

• False

SK funds shall be deposited in a savings account under the name of the SK of the barangay concerned in GOB/AGDB situated in or nearest its area of jurisdiction, with the SK Chairperson and SK Treasurer as the official signatories.

• True

• False

It is strongly encouraged for the SK to open and maintain a depository account in a bank other than the bank and branch of its barangay.

• True

• False

Where travel time to the GOB/AGDB is more than one day, deposits shall be made at least once a week or as soon as the collections reach P10,000.

• True

• False

The official signatories in the current account of the SK are the SK Chairperson and SK Treasurer.

• True

• False

The SK Chairperson, SK Treasurer and SK Secretary shall comply with the bonding requirements prescribed in Section 305 (f) of RA No. 7160, Bureau of the Treasury (BTr) Treasury Circular No. 02-2009 dated August 6, 2009 and DILG Memorandum Circular No. 99-186 dated October 11, 1999.

• True

• False