Republicof the Philippines
MINISTRY OF FINANCE Office of the Minister Manila MINISTRY ORDER NO. //0- 97 December 13, 1979 SUBJECT:
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RECLASSIFICATION OF THE PROVINCE OF CAMARINES SUR IN ACCORDANCE WITH THE PROVISIONS OF PRESIDENTIAL DECREE NO. 465. The Regional Director for Local Government Finance, Region V, Provincial Governor, Sangguniang Panglalawigan, Provincial Treasurer, Provincial Auditor and Others Concerned.
Pursuant to Section 2 of Presidential Decree No. 465, the province of Camarines Sur is hereby reclassified as First Class, effective July 1, 1978, on the basis of its average annual income of 7,087,261.80 actually realized during the last four (4) consecutive fiscal years (1974-1977) as certified by the Commission on Audit under letter dated November 5, 1979. Furthermore, and considering that the former classification of said province is First Class-B, the same is hereby sub-classified as First Class -A, also effective July 1, 1978, on the basis of its average annual income of )27,973,487.31 actually realized during the last two (2) consecutive fiscal years (1976-1977), pursuant to Section 3 of the aforementioned Presidential Decree. The foregoing classification and sub-classification shall be the basis for determining the maximum amounts expendable for salaries and wages, representation allowances, administrative aids and other statutory contributions in the adoption of the annual budgets, as well as the maximum salary rates of local government official and employees in accordance with existing law and regulations.
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