South Road Properties CDN Digital photo | Brian J. Ochoa
City Treasurer Mare Vae Reyes said that in 2021, they had allocated the full amount for repayment as the loan was supposed to be paid off last year. The budget was then returned to general funds at the end of the year, and the City Treasurer’s Office had to redo the entire process again. This is why they are seeking for a supplemental budget for the first quarter to include the remaining balance of the loan.
Source: Loan Digest (loandigest.net)
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