The Municipal code and the Provincial government act, being Act no. 82, entitled "A general act for the organization of municipal governments in the Philippine islands", and Act no. 83, entitled "A general act for the organization of provincial governments in the Philippine islands" as amended by the acts of the Philippine commission down to and including May 31, 1905, revised and codified by the Committee on revision and codification appointed by the governor-general. Published by authority of the Philippine commission.

THE MUNICIPAL CODE. 37
and the statement of disbursements with the warrants. If the
amounts are found to be correct, they will be attested by the
members of the council. Should any member not be in favor of approving them or any item thereof, he will indorse his disapproval
in writing thereon, specifying the item or items objected to and
the reasons for his objections. A certified copy of the statement, Certified copies.
with the signatures thereto and the indorsements thereon, shall be
immediately forwarded to the provincial treasurer, who, if he
thinks that judicial proceedings should be begun against either the Proceedings by
provincial treasmunicipal treasurer or the council, or any member thereof, for urer.
the unlawful expenditure of money of the municipality, shall, on
behalf of the municipality, through the provincial fiscal, begin
proceedings to recover the same.
SEC. 47. (a) During the month of January of each year the Annual report
by council.
council shall prepare, in duplicate, a report giving- by council.
(b) An inventory of all buildings, lands, and other property, Inventory.
real and personal, belonging to the municipality.
(c) An itemized estimate of the revenues of the municipality Estimate of revenues.
from all sources during the current year, with a statement opposite each item of the amount realized from that source during the
last preceding year.
(d) An itemized estimate of the ordinary expenses of the mu- Estimate of exnicipality for the current year, with a statement opposite each
item of the corresponding expenses for the last preceding year.
The estimated ordinary expenses shall not exceed the estimated
resources. This estimate shall inelude a statement of outstanding
indebtedness, if such exists.
(e) An estimate of such extraordinary expenditures, if any, as Estimate of extraordinary exmay be required through unusual necessity or to make permanent penses.
improvements. Such estimate shall state the approximate total
expenditures by reason of such necessity or improvement, the
amount which it is expected to expend during the current year,
and the source or sources from which it is proposed to secure the
necessary funds; also an itemized statement of extraordinary
expenditures for the last preceding calendar year. The report Form of report
hereinbefore provided for shall be in such form as may be prescribed by the provincial treasurer.
(f) Such report, when approved, shall be attested by the Forwarding of
report.
president and municipal secretary and shall be forwarded in
duplicate to the provincial treasurer for his action. If the Action by provincial treasurer.
provincial treasurer shall, upon consideration, find that the taxes
levied will produce the estimated revenue and that the actual
expenditures provided for in the report will not exceed in the
aggregate the estimate thereof, then he shall approve the same
and shall forward one of the copies of the report, with his
approval indorsed thereon, to the president to serve as a guide
to the municipality in the administration of its finances. If, after Notice of shortage.
the provincial treasurer shall have begun the collection of taxes,
he finds that the amount to be actually collected will fall short
of the estimate, he shall certify this fact to the council, with
a statement of the probable shortage, and it shall be the duty Duty of council.
of the council to reduce its subsequent expenditures so as to bring
their aggregate within the available income as reported by him.