Name of
Motor Vehicles Infrastructure Assets Total
Barangay
Mangnao 0.00 141,629.63 141,629.63
Poblacion 2 0.00 756,218.45 756,218.45
Talay 1,670,000.00 0.00 1,670,000.00
Total ₱ 2,620,000.00 ₱ 2,035,979.35 ₱ 4,655,979.35
7.7 Accordingly, as a fundamental principle of property law, the Civil Code of the
Philippines10 establishes that the owner of the land is considered the owner of the
building constructed on it, including any improvements or repairs made thereto.
7.8 Furthermore, a detailed analysis of the accounts, as confirmed during an interview
with the City Accountant, indicated that these projects were funded from various
sources, as summarized below (Appendix 9).
Source of Fund of Completed Projects Directly Used
by Barangays
4.84%
37.80%
44.57%
12.80%
Capital Outlay - General Fund
20% Barangay Development Fund
20% Development Fund
2016 Bottom-Up Budgeting (BUB) - Local Government Support to the Barangay
Development Program (LGSF)
7.9 Out of the identified assets, 44.57 per cent, amounting to ₱6,718,475.39, was
sourced from the 20 per cent Economic Development Fund (EDF) of the City,
while ₱5,697,975.95 or 37.80 per cent came from Capital Outlay (CO) under the
General Fund.
7.10 Additionally, 12.80 per cent (₱1,929,016.93) of the assets were derived from the
20 per cent Barangay Development Fund (BDF), and 4.84 per cent (₱729,678.48)
was allocated from the 2016 Bottom-Up Budgeting (BUB) – Local Government
Support Fund (LGSF) for the Barangay Development Program.
10 Title II, Articles 437 and 445
70
