4.1.

13 Collections received by the BT as deputized collector of the city/municipality shall be

remitted intact to the treasurer of the city/municipality concerned at least once a week or as
practicable especially during heavy collections.

4.1.14 DBC maybe authorized/designated to receive collections like market fees, parking fees
or CTC on behalf of the BT in accordance with a Barangay Resolution enacted by the SB and
approved by the PB. Collections received by the DBC shall be turned over daily to the BT. The
amount turned over shall form part of the daily collections of the BT for recording in the
Cashbook and Report of Collections and Deposits (RCD) (Annex 9.1).

4.1.15 The barangay shall maintain only one depository account with Authorized Government
Depository Bank (AGDB) in the name of the barangay. The selection of a depository bank other
than the AGDB, duly authorized by the Bangko Sentral ng Pilipinas to accept government funds,
shall be covered by a Resolution of the SB and approved by the PB. In case there are idle
funds, cash which can be freely invested after considering provisions for recurring expenses
and programmed disbursements for capital outlay, within the context of the cash operating cycle
of the barangay, the barangay may maintain a time deposit account with prior authority of the
SB and approval of the PB.