REVENUE / INCOME

The Municipality of Polomolok generated a total income of P 35,402,593.28 for both General and Special Education Fund in the year 2006.

The municipality’s biggest source of income is the Real Property Tax (RPT). There has been an increase in collection from the year 2004 to 2005 however in the year 2006 it can be noted that there is a an increase in collection due to the General Revision of assessment and massive tax information campaign.

Business tax / Licenses are the next biggest source of income where collection has a steady increase annually. Yearly projections were not realized due to outdated Revenue Tax Ordinance.

Other tax is the smallest source of revenue of the municipality yet it has a steady increase in collections. It is expected also that it will have a steady increase in the efficiency rate.

 Operating Miscellaneous Revenue is another source of income.

Local enterprise was supported to be the next bigger source of income considering that the municipality has constructed a new public market thru a loan in PREMIUMED.

EXPENDITURE / RESOURCES UTILIZATION

In the year 2006, the municipality expenditures were as follows;

The total expenditures for CY 2006 was P 152,973,857.31 in comparison of income over expenses, the municipality has an excess or savings of P 15,329,542.44 both General Fund and Special Education Fund, broken down as follows:

Appropriated / Continuing                          -   P   3,924,446.39

Unappropriated / Free                                 -    P 11,405,906.05

However, to sum up all he municipality’s major spending, Polomolok spend so much in the Public Services yet the income generated against expenses was always been 9%.

                       SHARED VISION:

A highly Agro-industrialized town in South Cotabato with an improved living condition of all its constituents as manifested by the active GO/NGO/PO participation in pursuit of sustainable socio-economic development and ecology balance community.

 MISSION:

To uplift the quality of life of the people of Polomolok thru the attainment of a well-balanced ecology and equitable distribution of wealth among the people in order to develop a self-reliant and progressive barangays thereby transforming Polomolok into a leading agro-industrial municipality of South Cotabato.

THE LGU REVENUE GENERATION & RESOURCE MOBILIZATION POLICY

Revenue Generation and Resource Mobilization Policy shall conform with the national policy on fiscal administration that taxes shall not be unjust, excessive, oppressive and confiscatory.

 THE REVENUE GENERATION GOALS AND OBJECTIVES

*          GOALS

Improve the revenue generation of the municipality thru the fast and reliable delivery of services to the taxpayers by employing automation system.

Improve the collection of stall rentals in the public market converting it into a sustainable and self-liquidating market enterprise.

*          OBJECTIVES

To create a favorable investment climate and establish productive economic opportunities.

To improve/alleviate the quality of life of the people of Polomolok by providing better services ( Social-economic, Infrastructure) by increasing the revenue.

To enhance the existing revenue generation by enhancing BLT/RPTS  automation system.

To strengthen the information and education program on revenue generation and resource mobilization.

THE STRATEGIES