Malay: Classified First Class Town; An LGU Awash With Cash

by ODON S. BANDIOLA

Thanks to tourists and thanks to Boracay Island. Malay town is blessed with Boracay Island which is greatly benefiting from the boom of the tourism industry making Malay local government unit less dependent on its share from the Internal Revenue Allotment. The operations of the municipal government are mainly funded by local revenue sources, with still plenty to spare year in and year out.

This year, aside from submitting a P200 million General Fund Budget and a P14.65 million MEEDD Budget which are already declared operative  by the Sangguniang Panlalawigan of Aklan on recommendation of the Provincial Local Finance Committee, the Municipal Government of Malay submitted recently for review to the Aklan SP P86.274 million  General Fund Supplemental Budget and a P7.68 million MEED Budget.

This means the local government unit of Malay does not only collect sizeable local revenues but sound fiscal management enabling the municipality to be awash with cash every end of the budget year.

The Supplemental General Fund Budget of P86.274 million and the P7.68 million MEEDD Supplemental Budget for 2012 are to be funded out by its surplus from the town’s 2011 operations.

The fiscal performance of Malay LGU is 80 percent more effective, economical and responsive when compared with the other towns of Aklan.

The capital town of Kalibo can only afford some P2.799 million Supplemental Budget this year, Balete-P4.78 million, Banga-P10.09 million, Libacao-P4.5 million, Nabas-P2.02 million, Madalag-P2.8 million, Malinao-P2 million and Buruanga,P1.315 million.

All those had to be funded by the meager increases in their respective shares from the IRA while that of Malay is totally funded out of its budgetary surplus.  /MP