The specific provision provided in the LGC in relation to the start of the budget process is article 423 on the Preparation of Barangay Budgets.
Letter b of this Article provides that "on or before the fifth (5th) day of September of each year, the city or municipal treasurer jointly with the city or municipal accountant, shall issue a certified statment covering the actual income of the past year and estimates of income of the current and ensuing fiscal year from local sources for the barangay concerned. Based on such certified statements the barangay treasurer shall submit on or before the fifteenth (15th) day of September of each year to the punong barangay a statement covering the estimates of income and expenditures for the past, current and ensuing fiscal years."
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