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Province of Ilocos Sur

Ilocos Sur and its 33 LGU’s pass the Good Financial Housekeeping

Jul 03, 2020 Written by  MIS / PIO Read 5401 times
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Province of Ilocos Sur and 33 local government units (LGUs) including the cities of Candon and Vigan and the municipalities of Alilem, Banayoyo, Bantay, Burgos, Cabugao, Caoayan, Cervantes, Galimuyod, Gregorio del Pilar, Lidlidda, Magsingal, Nagbukel, Narvacan, Quirino, Salcedo, San Emilio, San Esteban, San Ildefonso, San Juan, San Vicente, Santa, Santa Lucia, Santiago, Sigay, Sinait, Sta. Catalina, Sta. Cruz, Sto. Domingo, Sugpon, Suyo and Tagudin passed the 2019 Good Financial Housekeeping (GFH) standards which recognizes financial transparency, as announced by the Department of the Interior and Local Government (DILG). “Congratulations Ilocos Sur! This proves that our public funds are being spent efficiently, honestly, and only for the benefit of our constituents,” saidGov Ryan Singson. The GFH is one of the minimum requirements for the Seal of Good Local Governance (SGLG), particularly for the assessment criteria of financial administration. Criteria to pass the GFH are 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 SGLG awards LGUs that have shown excellence in internal housekeeping and rewards them through monetary assistance and priority access to the DILG's programs and capacity development assistance. In Ilocos Region, all four provinces, nine cities and 113 municipalities passed the 2019 GFH standards. Formerly the Seal of Good Housekeeping, it refers to the compliance of the LGUs with accounting and auditing standards, and rules and regulations. SGLG awardees can avail of the Performance Challenge Fund that may finance local development initiatives.

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