1. Barangay Clearance - application for clearance shall be acted upon within Seven (7) working days from the filing thereof 2. Release of IRA - monthly basis but not beyond five 3. Allotment representing the share of each LGU shall be released on a {5) days after the end of each quarter 4. Computation and Remittance of Shares of Local Government Units in the Utilization and Development of National Wealth shall be submitted by the revenue collecting agencies to the DBM not later than March 15 of each ensuing year. 5. When loss of government funds occurs while they are in transit or the loss is caused by fire, theft, or other casualty or force majeure, the officer accountable therefor or having custody thereof shall immediately notify the Commission on Audit or the auditor concerned, and Within thirty (30) days 6. Collectors/Tellers and other accountable officers shall render their report of accountability for accountable forms in the Report of Accountability for Accountable Forms at least once a month, 7. The Local Treasurer shall summarize/consolidate these reports in the Consolidated Report of Accountability for Accountable Forms (CRAAF), and submit the consolidated report accompanied by the individual reports to the Unit Auditor concerned not later than the fifth day of the ensuing 8. All collectors shall accomplish the Report of Collection and Deposits (RCD) at the tlose of each In the case of collectors assigned to the field, where travel time from their places of assignment to the Local Treasury Office is mare than One (1) day, the turnover of collections shall be made at Jeast once a week or as soon as the collections reach Five Thousand Pesos (5,000.00). 10. Daily Deposit of Collections with the Banks - The Local Treasurer or Cashier shall deposit intact all collections, as well as all collections turned over by the Collectors with the authorized depository bank daily of not later than the next banking day. All deposits shall be recorded in the Cashbook — Cash in Vault and Cashbook — Cash in Bank. 11. Public Hearing - The initial public hearing shall be held not @arlier than ten (10) days from the or date of posting thereof, whichever 9. is later. 12. Publication of Tax Ordinances and Revenue Measures - Within ten (10) days after their Approval) certified true copies of all provincial, city, and municipal tax ordinances or revenue measures shall be published in full for three (3) consecutive days in a newspaper of local circulation: Provided, however, that in provinces, cities, and municipalities where there are no newspapers of local clreulation, the same may be posted In at [Issa aa san1. Collection pertains to the receipt of payment from all local taxes, fees, charges, and other impositions due to local government units % - covers all revenues and receipts collected or received. 3. refers to income realized for operations and activities of the government 4. - refers to income derived from the regular system of taxation 5. - refer to pecuniary liability 6. Fee - means a charge fixed by law or ordinance for the regulation or inspection of a business or activity. Actual Use - refers to the principal purpose for which the property is principally or predominantly utilized by the person in possession thereof - isa right or privilege, affected with public interest which is conferred upon private persons or corporations. . CAMELS = Capital Adequacy, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Market Risks. refers to cash which the local government unit can freely invest in government securities and/or fixed term deposits with authorized government depository banks, after considering provisions for the coverage of regular and recurring operating expenses. 11. - Report of Accountability for Accountable Forms. 12, Consolidated Report of Accountability for Accountable Forms. 13. RCD — Reports of Collection and Deposit 14. This working paper shows the comparison between the gross receipts/sales declared per business permit application and the gross receipts/sales as appearing in the sales documents examined. 15. - It contains all the pertinent information on the business concerned and the detailed findings of the deputies. 16. Public hearing shall be conducted prior to the enactment of the tax ordinance or revenue measure.SECTION 38. FUNDAMENTAL PRINCIPLES OF TAXING AND OTHER REVENUE RAISING POWERS OF LGUs A. Taxation shall be uniform in each LGU. * Equality and uniformity in local taxation means that all taxable articles or kinds of property of the Same class shall be taxed at the Same rate within the territorial jurisdiction of the taxing authority. *A tax is considered uniform when it operates with the Same force and effect in every place where the subject may be found *Uniformity is not equivalent to equality in taxation. B. Taxation shall be uniform in each LGU. 1. Be equitable and based as far as practicable on the taxpayer's ability to pay 2. Be levied and collected only for public purposes 3. Not be unjust, excessive, oppressive, or confiscatory 4. Not be contrary to law, public policy, national economic policy, or in restraint of trade . The collection of local taxes, fees, charges, and other impositions The Constitution provides that local taxes, fees, and charges IEEE aa E, Each local government unit shall, as far as practicable, evolve a of taxation (Sec. 130 (e), LGC). A increases. In the case of tax on business, manufacturers pay more taxes per annum as their gross sales or receipts for the preceding year increases. TAXING POWER 1. The rates of taxes that the city shall collect may exceed the maximum rates allowed for the province or municipality by not more than fifty percent (50%) except the rates of 2. Rates of Tax within the Metro Manila Area. —The municipalities within the Metropolitan Manila Area may levy taxes at rates which shall not exceed by fifty percent (50%) the maximum rates prescribed for tax on business. 3. In the case of the basic real property tax, the municipality within the Metropolitan Manila Area may fix a uniform rate not exceeding two percent (2%) of the assessed value of real property. Other Fees and Charges-The barangay may levy reasonable fees and charges: 1. On commercial breeding of fighting cocks, cockfights, and cockpits. 2. On places of recreation which charge admission fees. 3. On billboards, signboards, neon signs, and outdoor advertisements General Control on Collection 1. Local Treasurers and other accountable officers shall keep personal monies separate and distinct from local public funds in their custody and shall not make profit out of public money or otherwise apply the same to any use not authorized by law or ordinance. 2. Collections shall be deposited daily and intact with the authorized depository bank. All collections after the preparation of the daily Report of Collections and Deposits (RCD),subject to the cut-off period adopted by the LGU, shall be remitted to the Liquidating Officers /Cashier. 3. Local Treasurers/Cashiers are prohibited from holding positions as treasurers or cashiers of savings and loan association or any other association or organization. 1. Drawing of Check Payable to the Local Government Unit. - Checks in payment of taxes and other indebtedness to the government must be drawn by the payor himself/herself and made payable to the LGU (Examples: “Provincial Treasurer of Ilocos Norte; City Government of Makati”) Under no circumstance shall the following checks be accepted: 1. Checks drawn payable to the name of the head of the LGU or any of its officers. 2. Checks drawn payable to “Cash”. 3. Indorsed checks. 4. Post-dated checks; and 5. Stale checks. 1. Cash Tickets, Accountable Forms No. 55 (SSA-F) 2. Certificate of Transfer of Large Cattle, Accountable Form No. 52 3. Certificate of Ownership of Large Cattle, Accountable Form No. 53 4. iG License Certificate, Accountable Form No. 54 1. Official Receipt, Accountable Form No.51 2. Real Property Tax Receipt, Accountable Form No. 56 3. Slaughter Permit Fee Receipt, Accountable Form No. 57 4, City/Municipal Burial Permit Fee Receipt, Accountable Form No. 58 5. Checks 6. Community Tax Certificate, BIR Form Nos. 0016 and 0017