REPUBLIKA NG PILIPINAS MINISTRI NG PANANALAPI MAYNILA OFFICE OF LOCAL GOVERNMENT FINANCE MINISTRY ORDER NO. 2-87 December 8, 1986

SUBJECT:

TO

RECLASSIFICATION OF THE MUNICIPALITY OF TALACOGON IN THE PROVINCE OF AGUSAN DEL SUR, EFFECTIVE JULY 1, 1986 IN ACCORDANCE WITH THE PROVISIONS OF PRESIDENTIAL DECREE NO. 465. The Regional Director for Local Government Finance, Region X, the Provincial Governor, the Sangguniang Panlalawigan, the Provincial Treasurer and the Provincial Auditor of Agusan del Sur; the Municipal Mayor, the Sangguniang Bayan, and the Municipal Treasurer and Others Concerned.

Pursuant to Section 5 of Presidential Decree No. 465, the municipality of Talacogon in the province of Agusan del Sur is hereby reclassified from Fifth to Fourth Class, effective July 1, 1986, on the basis of its average annual income of $434,572.60 actually realized during the last four (4) consecutive calendar years (1982-1985), as certified by the Commission on Audit under its letter dated December 2, 1986. The foregoing 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 municipal officials and employees of Talacogon in accordance with existing law and regulations.

By authority of the Minister: L LORIN jM. CARLOS Di ctor

(SANG BANSA, ISANG DIWA, ISANG WIKA

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