San Rafael, A First Class Municipality
12/12/2008 8:12:23 AM

The Municipality of San Rafael is now classified as a first class municipality. The re-classification was based on the trends and patterns reflected in the Financial Statements of the Municipality of San Rafael for Calendar Years 2004-2007, as certified by the Commission on Audit, in light of the objectives and purposes of the LGU income classification, the Department of Finance issued Department Order No. 23-08, dated July 29, 2008, prescribing the new income bracket scheme for LGUs. To be classified as a first class municipality, an LGU should have an average annual income of 55 million or more. The average annual income of the Municipality of San Rafael, as certified by the Commission on Audit, is 72.138 million pesos.

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