Republic of the Philippines

Province of Iloilo
Municipality of Guimbal
OFFICE OF THE SANGGUNIANG KABATAAN
BARANGAY BULUANGAN

SK RESOLUTION NO. 2024-005

A RESOLUTION AUTHORIZING THE OPENING OF THE BARANGAY BULUANGAN

SANGGUNIANG KABATAAN, MUNICIPALITY OF GUIMBAL, PROVINCE OF ILOILO
AT THE DEVELOPMENT BANK OF THE PHILIPPINES, ILOILO BRANCH AND
AUTHORING SANGGUNIANG KABATAAN CHAIRPERSON HON. YVONNE JANE G.
TANATE AND SANGGUNIANG KABATAAN TREASURER REMM DEOSSAH G. DANIEL
AS SIGNATORIES WITH THE DEVELOPMENT BANK OF THE PHILIPPINES, ILOILO
BRANCH SPECIFYING THEIR OFFICIAL SIGNATURE RELATIVE TO THE
SANGGUNIANG KABATAAN TRANSACTION WITH THE BANK

WHEREAS, Republic Act 10742 or the SK Reform Act of 2015 states that 10% of the general fund
of the barangay shall set aside for the SK. The Sangguniang Barangay shall appropriate the SK funds
in a lump sum, which shall be disbursed solely for youth development and empowerment;

WHEREAS, further, Section 20 (b) of the Republic Act 10742 states that the SK shall have financial
independence in its operations, disbursements and encashment of the funds, income and expenditures.
As such the SK funds shall be deposited in the name of the SK of the concerned barangays in a
government owned bank situated in or nearest to its area of jurisdiction with the SK Chairperson and
SK Treasurer as the official signatories;

WHEREAS, item 3.2.2 of the DBM-DILG-NYC JMC No, 1 series of 2019 provides that for
efficiency and economy purposes, it is strongly encouraged for the SK to open and maintain a
depository account in the same bank and branch of the barangay;

NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, BY THE

SANGGUNIANG KABATAAN OF BARANGAY BULUANGAN, MUNICIPALITY OF
GUIMBAL, PROVINCE OF ILOILO BY VIRTUE OF THE POWERS VESTED IN IT BY
LAW, IN SESSION ASSEMBLE THAT:
SECTION 1. The SK Buluangan is hereby authorized to open a new peso deposit account with the
DBP-Iloilo Branch

SECTION 2. It is authorize the herein SK Buluangan officials as authorized signatory of the Bank, as
follows:
a. HON. YVONNE JANE G. TANATE, SK-Buluangan Chairperson
b. MS. REMM DEOSSAH G. DANIEL, SK-Buluangan Treasurer

RESOLVED FURTHER, to furnish copy of this resolution to the Development Bank of the
Philippines-Iloilo Branch and all concerned offices for their information and guidance.

UNINAMOUSLY APPROVED.

I hereby certify to the correctness of the foregoing resolution.

GENICA DE LA CRUZ
Secretary, Sangguniang Kabataan

ATTESTED:

YVONNE JANE G. TANATE

Chairperson, Sangguniang Kabataan