Exec assures Angeles’s financial stability

ANGELES CITY — An official here said Monday that the City Government is financially stable.
Vice Mayor Vicky Cabigting issued the statement following allegations of budget deficit and failure to meet mandatory and statutory obligations.
Cabigting told city workers during Monday’s regular flag-raising at the City Hall that the alleged issues on the depleted city coffers were just a “pack of lies.”
Last week, commentaries aired over a local radio station here alleged that the City Government is experiencing a budget deficit as employees and job-order salaries were not paid on time.
“The people of Angeles should know the truth behind the issues hounding the fiscal capacity of the city. I was able to talk to the city’s treasury division and I am proud to say that we are financially stable,” the vice mayor said.
City treasurer Juliet Quinsaat affirmed Cabigting’s statement, reporting that the city has more than enough funds for the last quarter of the year until Christmas.
“It is very premature to say that the city is in dire crisis when talking about its finances because we are just on the last quarter of the fiscal year,” Quinsaat said.
The city treasurer said that business and real property owners pay their taxes on a quarterly basis. The city, she said is expecting more local revenues before the year ends.
“With these, how can we say that we are on a deficit, more so, if we are also able to pay our statutory obligations on loan payments for employees like Government Service Insurance System (GSIS) and Pag-Ibig,” Quinsaat said.
With regard the employees’ salaries, Quinsaat said the delay could be attributed to the failure of some offices to submit their payroll papers and daily time record report on time.
“We cannot make the necessary cash advances for payroll unless we have all the completed documents required prior to the disbursement of salaries, allowances, honoraria and other similar expenses,” she said.
Mayor Edgardo Pamintuan said he supports the needs of the city employees by instructing the city’s financial officers (treasurer, budget and accounting) to release the bonuses and other cash incentives this coming Christmas season.
“Our employees should not be bothered by these issues. Our fiscal governance seeks its best to be as stable as it can be to widely benefit not only the employees but most importantly, the Angeleños,” Pamintuan said.
Cabigting lauded and encouraged City Government employees to continue working and support the implementation of priority programs of the present administration.
“We have a very dynamic and hardworking government workforce. And if you are a government employee of Angeles City, you should be proud because we have been giving the best to the Angeleños,” the vice mayor added.(Reynaldo G. Navales)
http://www.sunstar.com.ph/pampanga/local-news/2012/09/25/exec-assures-angeles-s-financial-stability-244673
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Creekside Road near Centennial Expo,
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(045) 889-5151 0917-520-4403 0922-870-5177
Joanne or Jeremy or Loydha

Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines

After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on the right just 200m down.

Family Bonding by the famous lake of Clark Pampanga

http://www.ClearwaterPhilippines.com

Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay

Email: Inquiry@ClearwaterPhilippines.com

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Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

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While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

http://www.HotelClarkPhilippines.com

http://www.ClarkPhilippines.com

http://www.YatsWineCellars.com

For jobs and business investment opportunities in the Philippines please visit http://www.yilp.com

Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669 ask for Loydha

0915-542-6250 (Jeramie)