Ifugao towns ranked according to fiscal sustainability scorecard LAGAWE, Ifugao, Oct.17 (PIA)- - The eleven municipalities of this province were recently ranked according to their Fiscal Sustainability Scorecard (FSC) by the Provincial Treasurer. The scorecard provides the detailed presentation of revenue and expenditure performances of the municipalities based on available data as of August 15, 2013 as the reference date of Statement of Receipts and Expenditures (SRE) files generated for the evaluation to ensure effective fiscal and financial management of public funds and compliance with reporting obligations. Alfonso Lista topped with 85.6 percent rating which is considered excellent; Lagawe, 75.7% (very good); Aguinaldo, 59.5%(VG); Kiangan, 57.7%(VG);Hungduan, 51.4%(Average); Banaue, 44.6%(Needs Improvement) Asipulo, 43.7%(NI) and Lamut ,41%(NI); Mayoyao, 33.4%(Poor); Hingyon, 32.9%(P) and Tinoc, 28.4%(P). The overall rating of the province is 71.5% which is considered very good. The key result area of the FSC for the municipalities include revenue generation capacity local collection growth, expenditure management, submission of timely and accurate Statement of Receipts and Expenditures (SRE), regular updating of Schedule of Market Values (SMV) and conduct of general revision of property assessments, and submission of timely and accurate quarterly report on real property assessment. Provincial Treasurer Samuel Marinay said that the FSC is pursuant to the memorandum of Department of Finance Secretary Cesar Purisima enjoining all municipal local government units to improve their revenue collection efforts and to maximize their income generation mandates in the spirit of good governance. To achieve this objective, the DOF is instituting this Fiscal Year 2014 strict monitoring measures on the performance of local treasurers and assessors particularly on reporting accountabilities, delivery of targets and other priority agenda covered by existing DOF regulations and other directives of the Bureau of Local Government Finance (BLGF). Based on the initial assessment of the BLGF, the province’s overall revenue generation capacity indicated that its regular income and local revenue levels need improvement, fair dependence on locally sourced income, low dependence other shares from national tax collection and very high dependence on Internal Revenue Allotment. The province also utilized more than 20% of IRA for local development projects which is a good indication of priority spending as required by law, however, it exceeded the Personnel Services limitations set forth under the Local Government Code and that the SMV of the province is at least 4 years old and already due for updating and revision. (JDP/DBC-PIA CAR, Ifugao) - See more at: news.pia.gov.ph/index.php?article=151413348034#sthash.kGtKGoAS.dpuf
Posted on: Fri, 17 Oct 2014 06:46:32 +0000
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