DAVAO CITY — The City Government of Davao once again bagged the another accolade as it was among the local government units (LGUs) that passed the Good Financial Housekeeping assessment conducted by the Department of the Interior and Local Government for the year 2023.
Davao City along with Island Garden City of Samal, Panabo, Digos and Tagum in Davao Region got the award.
The awardees proved before the evaluators of the Department of Interior and Local Government their compliance with accounting and auditing standards, rules and regulations.
City DILG director Vicky Sarcena in a statement said Davao City was included on the list of 1,365 LGUs, consisting of 68 provinces, 132 cities, and 1,165 municipalities, that are able to comply with the criteria for GFH, out of the 1,715 LGUs assessed.
The DILG, Sarcenas said, considered the most recent available Commission on Audit (COA) Opinion, in this case, for Calendar Years 2021 or 2022 based on the annual audit report posted on the COA website as of July 21, 2023 (end of SGLG Regional Assessment); and the compliance with the Full Disclosure Policy (FDP) requirements on the timely and complete posting of required financial documents in three (3) conspicuous places for the 2nd to the 4th quarter of 2022 and the 1st quarter of CY 2023, based on the data provided by the Full Disclosure Policy Central Team of the Bureau of Local Government Supervision (BLGS) – Policy Compliance Monitoring Division (PCMD).
Sarcena said that the Seal of Good Financial Housekeeping (SGFH), formerly the Seal of Good Housekeeping (SGH), is a component of the Seal of Good Local Governance.
“This is part of the Financial Administration, one of the 10 governance areas under the Seal of Good Local Governance (SGLG), which focuses on financial accountability and transparency. Passing the Good Financial Housekeeping is one of the requirements when a local government unit wants to avail of a loan from a government financing institution,” Sarcena said.
