The Dumaguete City government has more than P255 million in bank deposits, and is not cash-strapped, Mayor Manuel Sagarbarria said yesterday.
He presented a summary statement from the City Treasurer's Office showing that, as of July 31, 2014, Dumaguete had P255,909,918.65 deposited in various banks in the city.
Sagarbarria showed the summary statement to prove that the city is not lacking in money for its expenditures amid public speculations that the local government was going “bankrupt”.
Councilor Antonio Remollo had told reporters that the Local Finance Committee will be invited in the next session of the Sangguniang Panglunsod to shed light on the true and current financial status of the city.
This was after several city employees clamored for the release of their loyalty pay. Some employees holding casual plantilla positions were reportedly not paid their wages on time, with some of them receiving their salaries for the second half of July only this week.
City Administrator William Ablong said in a telephone interview yesterday that the delay in the release of loyalty awards was caused by the reconstruction of the list of employees qualified for said incentive.
He said some city government workers had claimed to be qualified for the loyalty award and the city had to go through the process all over again. He assured that the loyalty awards will be released next week, but did not mention how many were qualified for it.
On the delayed salaries of casual plantilla workers, he said there were some technicalities with the Commission on Audit. The salaries, that used to be charged to the Maintenance and Other Operating Expenses, had to be transferred to the lump sum appropriation, he added.
On Thursday, the SP approved a request in accordance with the COA guidelines in order not to further delay the payment of the wages of the city's casual workers, he said.*JFP
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