Republic of the Philippines
MINISTRY OF FINANCE Office of the Minister Manila
MINISTRY ORDER NO.,O-P February 27, 1980' SUBJECT:
RECLASSIFICATION OF CABANATUAN CITY, IN ACCORDANCE WITH THE PROVISIONS OF PRESIDENTIAL DECREE NO. 465.
T0
The Regional Director for Local Government Finance, Region III, City Mayor, the Sangguniang Panlungsod, City Treasurer, City Auditor and Others Concerned.
Pursuant to Section 2 of Presidential Decree No. 465, the City of Cabanatuan is hereby reclassified from Second to First Class, effective July 1, 1978, on the basis of its average annual income of ?5,042•,696.67 actually realized during the last four (4) consecutive fiscal years (19741977),as certified by the Commission on Audit under letter dated February 27, 1980. Furthermore, pursuant to Section 3 of the aforementioned Presidential Decree, said city is hereby sub-classified as First Class-B, likewise, effective July 1, 1978 on the basis of its average annual income of ?5,628,339.07 actually realized during the last two (2) consecutive fiscal years (19761977). 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 officials and employees in accordance with existing law and regulations.
PEDROyf^!::-A1LMAN ing Mi ister ofLFTnance
"Isang Bansa, Isang Diwa"