Republic of the Philippines

Province of Isabela
Municipality of Roxas
BARANGAY MUÑOZ WEST
Office of the Sangguniang Kabataan

EXCERPTS FROM THE MINUTES OF SANGGUNIANG KABATAAN REGULAR SESSION OF

BARANGAY MUNOZ WEST CONDUCTED ON NOVEMBER 12, 2023 AT SK OFFICE,
BARANGAY MUNOZ WEST ROXAS ISABELA.

RESOLUTION NO. 8
Series of 2023

A RESOLUTION CHANGING THE BANK SIGNATORIES OF BARANGAY MUNOZ WEST

SK WITH AN ACCOUNT NO. 000852-1087-46 AT LANDBANK OF THE PHILIPPINES,
ROXAS BRANCH AND DESIGNATING SK CHAIRPERSON ROMMEL P. OLEGARIO AND
SK TREASURER JOHN RHENEIL A. LORICA AS THE OFFICIAL SIGNATORIES ON THE
TRANSACTION THEY MAY ENTER AT THE BANK.

WHEREAS, the Republic Act No. 10742 also known as the Sangguniang Kabataan Reform Act
of 2015 provides in Chapter 2 Section 13 paragraph (f) states that the Sangguniang Kabataan
Chairperson, with the concurrence of the Sangguniang Kabataan, has the power to appoint among
the members of the Katipunan ng Kabataan a secretary and treasurer;

WHEREAS, Republic Act 10742 stated that the financial independence among Sangguniang
Kabataan.

WHEREAS, there is an existing account for Sangguniang Kabataan of Barangay Munoz West
which were signed by Jaynel P. Bueno, SK Chairperson and John Rheneil A. Lorica, SK
Treasurer.

WHEREAS, the SK funds and other properties was turn over last November 10, 2023 to the
newly elected SK officials including the newly appointed SK Treasurer of Barangay Munoz West.

WHEREAS, the Sangguniang Kabataan of Barangay Munoz West conducted a Regular session on
November 12, 2023 and discussed several matters including the change of one of the signatories of
the Barangay Munoz West SK at Landbank of the Philippines, Roxas Branch.

WHEREAS, the SK funds shall be deposited by the barangay in the current account of the SK not
later than five (5) working days after the crediting of the monthly internal revenue allotment (IRA)
share of the barangay consistent with the rules and regulations issued by the Commission on Audit
(COA).

WHEREAS, the council still appointed the current SK Treasurer, Mr. John Rheneil A. Lorica to
take place the role as the disbursing officer together with the newly elected SK Chairperson
Rommel P. Olegario.

WHEREAS, the disbursement of the account shall be drawn against the fund of the SK
deposited at the designated bank nearest to their area of jurisdiction.

WHEREAS, provided under the bank laws, rules and regulations, there should be two signatories
in any current account.

WHEREAS, there is need to authorize the SK Chairperson, Hon. Rommel P. Olegario and the SK
Treasurer, John Rheneil A. Lorica, for whatever legal transactions they may enter at Land Bank of
 Republic of the Philippines
Province of Isabela
Municipality of Roxas
BARANGAY MUÑOZ WEST
Office of the Sangguniang Kabataan
the Philippines, Roxas Branch, wherein this Bank is the depository Bank of this Sangguniang
Kabataan and that there is a need to present their signatories for acknowledgement.

NOW THEREFORE, after due deliberation on the subject matter, it was moved by HON.
ERROL BLENN A. GARCIA and seconded by HON. ARNEL G. ESPIRITU JR., be it;

RESOLVED AS IT IS HEREBY RESOLVED, to approve the change of bank account

signatories of Barangay Munoz West SK at Landbank of the Philippines, Roxas Branch.

HON. ROMMEL P. OLEGARIO -SK CHAIRPERSON

JOHN RHENEIL A. LORICA -SK TREASURER

RESOLVED FINALLY to let copies of this resolution be forwarded at Land Bank of the
Philippines, Roxas Branch, their information and ready reference.

Adopted this 12th Day of November, 2023 at Barangay MUÑOZ WEST, ROXAS, ISABELA.

HON. KHAIRA E. ABALOS HON. HAROLD D. DELA CRUZ

SK Member SK Member

HON. JOHN MICHAEL A. BUENO HON. ARNEL G. ESPIRITU JR.

SK Member SK Member

HON. ERROL BLENN A. GARCIA HON. JAN MARK C. VALIENTE

SK Member SK Member

HON. ERIKA A. MADRONIO

SK Member

HON. ROMMEL P. OLEGARIO

SK Chairperson/ Ex-Officio

Attested by:
JIMUEL DELA CRUZ
SK Secretary

Approved by:

HON. LEX L. ANQUILLANO

Punong Barangay
 Republic of the Philippines
Province of Isabela
Municipality of Roxas
BARANGAY MUÑOZ WEST
Office of the Sangguniang Kabataan
Date Approved: __________________