SK RESOLUTION For Fidelity Bond

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Republic of the Philippines

Region IV-B MIMAROPA


Province of Palawan
Municipality of Coron
BARANGAY TAGUMPAY

OFFICE OF THE SANGGUNIANG KABATAAN

EXCERPT FROM THE MINUTES OF THE REGULAR MEETING OF THE SANGGUNIANG


KABATAAN OFFICIALS OF BARANGAY TAGUMPAY, CORON, PALAWAN HELD ON
NOVEMBER 22, 2023 AT THE BARANGAY SESSION HALL.
Present:
Hon. John Webster B. Echague - Sangguniang Kabataan
Chairperson
Hon. Vien C. Basig - Sangguniang Kabataan Member
Hon. Jessalyn V. Jusayan - Sangguniang Kabataan Member
Hon. Althea A. Dela Cruz - Sangguniang Kabataan Member
Hon. Joana Marie B. Tangpuz - Sangguniang Kabataan Member
Hon. John Hermin S. Cabating - Sangguniang Kabataan Member
Hon. Joshua E. Espinola - Sangguniang Kabataan Member
Absent:
Hon. Jedelyn B. Udtuhan - Sangguniang Kabataan Member
xxx xxx
xxx

RESOLUTION NO. 05
Series of 2023

A RESOLUTION AUTHORIZING THE SK CHAIRPERSON AND SK TREASURER TO


TRANSACT AND PROCESS THE FIDELITY BOND FOR THE SANGGUNIANG
KABATAAN OF BARANGAY TAGUMPAY, CORON, PALAWAN

WHEREAS, the Sangguniang Kabataan of Barangay Tagumpay recognizes its responsibility


for the proper management and safeguarding of its financial resources;

WHEREAS, the SK Treasurer plays a crucial role in the handling and management of the
council's finances, which necessitates measures to ensure transparency and security in financial
transactions;

WHEREAS, a fidelity bond serves as a protective measure to secure the organization's


financial assets and to mitigate potential risks associated with financial management;

NOW, THEREFORE, BE IT RESOLVED, as it is hereby resolved by the Sangguniang


Kabataan Council, duly assembled:

1. That the SK Council acknowledges the necessity and importance of securing a fidelity
bond for the SK Treasurer to ensure the protection of the council's financial interests.

2. That the SK Chairperson and SK Treasurer are hereby authorized and directed to
undertake all necessary actions and expedite the process of obtaining a fidelity bond for
the SK Treasurer.

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3. That the SK Chairperson and SK Treasurer shall coordinate with relevant authorities,
financial institutions, or insurance providers to promptly initiate and complete the fidelity
bond application process.

4. That the SK Council expresses its full support and commitment to ensuring the
expeditious processing of the fidelity bond for the SK Treasurer, in line with its
dedication to transparency and responsible financial management.

RESOLVED FINALLY, that copies of this resolution be furnished to the concerned offices
for their information and appropriate action.

UNANIMOUSLY ADOPTED: November 22, 2023.

I HEREBY CERTIFY to the correctness


of the above-quoted RESOLUTION.

HON. JOHN
WEBSTER B. ECHAGUE
SK Chairperson
/Presiding Officer

ATTESTED:

HON. VIEN C. BASIG


Sangguniang Kabataan Member
Designated Temporary SK Secretary

CONFORME:

HON. JEDELYN B. UDTUHAN HON. JOANA MARIE B.


TANGPUZ
Sangguniang Kabataan Member Sangguniang Kabataan
Member

HON. JESSALYN V. JUSAYAN HON. JOHN HERMIN S.


CABATING
Sangguniang Kabataan Member Sangguniang Kabataan
Member

HON. ALTHEA A. DELA CRUZ HON. JOSHUA E.


ESPINOLA
Sangguniang Kabataan Member Sangguniang Kabataan
Member

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SIGNED:

HON. JOHN WEBSTER B. ECHAGUE


Sangguniang Kabataan Chairperson

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