“The Seal of Good Financial Housekeeping (SGH) recognizes compliance of Local Government Units (LGUs) with accounting and auditing standards, rules and regulations, have spent and audited their public funds completely and transparently, as Certified by Department of Interior and Local Government (DILG).
The criteria for passing the Good Financial Housekeeping (GFH):
✅Most recent available COA Audit Opinion is Unqualified or Qualified, based on the annual audit report posted on the COA website as of September 27, 2024.
✅Compliance with the requirements of Full Disclosure Policy – timely and complete posting of 14 updated financial documents in 3 conspicuous places and in Full Disclosure Policy (FDP) Portal from 2nd-4th quarter of 2023 and 1st quarter of 2024.
The 14 necessary documents are the Annual Budget, Annual Procurement Plan, Statement of Receipts and Expenditures, Statement of Indebtedness Payment and Balances, Annual Gender and Development (GAD) Accomplishment Report, Supplemental Procurement Plan, Trust Fund Utilization, 20% Component of the Internal Revenue Allotment Utilization, Local Disaster Risk Reduction and Management Fund Utilization, Quarterly Statement of Cash Flow, Bids Results on Civil Works, Goods and Services, and Consulting Services, Special Education Fund Utilization, Unliquidated Cash Advances, and Manpower Complement.
This achievement reflects the dedication and commitment of the municipality in maintaining good financial administration and financial sustainability.