Treñas credits city hall dep’ts for Seal of Good Financial Housekeeping
Mayor Jerry Treñas welcomed the inclusion of Iloilo City in the Good Financial Housekeeping (GFH) list of 2019 passers.
“We were able to maximize the funds of the city with better cash management and collection. Thank you to our departments who are working hard. This award is for all of you,” said Treñas.
Fourteen other cities in Western Visayas passed the GFH standards. (https://bit.ly/2SXfG8F)
These include Bacolod City, Bago City, Cadiz City, Himamaylan City, Kabankalan City, La Carlota City, Passi City, Roxas City, Sagay City, San Carlos City, Silay City, Sipalay City, Talisay City, and Victorias City.
They will be conferred with the Seal of Good Financial Housekeeping for complying with accounting and auditing standards, rules and regulations. They could also secure loans or become recipients of grants from foreign and local funding institutions.
The Department of the Interior and Local Government uses the following criteria to determine if local government units pass the GFH:
* Unqualified or Qualified Commission on Audit Opinion of the immediately preceding year
* Compliance with the Full Disclosure Policy (FDP) – posting in three conspicuous places and in the FDP portal of local budget and finances, bids and public offerings such as the annual budget, statement of receipts and expenditures, annual procurement plan or procurement list, and bid results on civil works, goods and services, and consulting services, among others.