Daily Star logoTop Stories



Bacolod City, Philippines Wednesday, January 30, 2019
Front Page
Star Business
Opinion
Sports
Star Life
People & Events

Bacolod passes GFH standards

 

Bacolod City is one of the local government units in the country that passed the Good Financial Housekeeping (GFH) criteria that recognizes financial transparency of the Department of the Interior and Local Government (DILG), a press release from the mayor’s office said yesterday.

Bacolod is one of the 15 cities in Western Visayas that made it to the list of 2018 Good Financial Housekeeping passers as of Jan. 15, 2019, as announced by the DILG Bureau of Local Government Supervision, recently.

Mayor Evelio Leonardia, upon learning of the news, said, “This is inspiring. It reassures us that we are on the right track where financial management is concerned. We also give credit to our men and women in the city government who keep the day-to-day transactions and dealings with our public in order.”

Leonardia said the City Treasurer’s Office had reported a total collection of P1,444,728,501 in real property taxes and other non-tax revenues in 2018.

City Treasurer Giovanni Balalilhe said the Bacolod collection target for 2018 set by the Department of Finance – Bureau of Local Government Finance (DoF-BLGF) was only P1,013,816,656, thus their collection efficiency was 143 percent, and exceeds the DoF target.

The GFH formerly the Seal of Good Housekeeping (SGH) refers to the compliance by the LGU with accounting and auditing standards, and rules and regulations.

These include Unqualified or Qualified Commission on Audit Opinion of the immediately preceding year, as well as Compliance with the Full Disclosure Policy of Local Budget and Finances, Bids and Public Offerings, the press release said.

The GFH is one of the six area assessments of the Seal of Good Local Governance (SGLG). Other SGLG variables include Disaster Preparedness, Social Protection, Business-Friendliness and Competitiveness, Peace and Order, and Environmental Management, it added.*

 

back to top

Front Page | Opinion | Business | Sports
Star Life | People & Events| Archives | Advertise
Top Stories
ButtonDiokno: Liberalization to benefit more people
ButtonAFP keeps close watch on entry points
ButtonIntelligence men meet on security
ButtonHouse approves CLMMRH bed capacity hike to 1,000
ButtonBing seeks okay of Yanson contracts
ButtonBacolod passes GFH standards
ButtonP50M equipment ready
ButtonSTAR photog featured in National Arts Month
ButtonCDRRMO gets P18M boost
ButtonSarah says thank you
ButtonFish right project briefing held