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WHEREAS, SK Resolution No. 03, Series of 2022 of Barangay Tibagan, City of San Juan, Metro Manila authorizing its Annual Budget for Fiscal Year 2022, involving the total amount of One Million One Hundred Seventy One Thousand Nine Hundred Twenty Five Pesos and 21/100 (P1,171,925.21) was submitted to the Sangguniang Panlungsod for review pursuant to the provisions of Republic Act (R.A.) No. 7160;

WHEREAS, the subject SK Resolution shows substantial compliance with the same law and its Implementing Rules and Regulations;

NOW THEREFORE BE IT RESOLVED AS IT IS HEREBY RESOLVED by the Sangguniang Panlungsod of the City of San Juan, in a session duly assembled, declaring the SK Resolution No. 03, Series of 2022 of Barangay Tibagan, City of San Juan, Metro Manila involving the total amount of One Million One Hundred Seventy One Thousand Nine Hundred Twenty Five Pesos and 21/100 (P1,171,925.21) as operative in its entirety.

RESOLVED FURTHER, that the authority, issuance and approval hereof is subject to certain restrictions and to all existing laws and COA rules and regulations on appropriations, expenditures and procurement.

RESOLVED FINALLY, that copies of this Resolution be furnished to all agencies concerned.