GUIMARAS AMONG 2023 GOOD FINANCIAL HOUSEKEEPING PASSERS
The Province of Guimaras is among the 68 provinces in the country that have passed the 2023 Good Financial Housekeeping (GFH) standards of the Department of the Interior and Local Government.
The five municipalities of the province: Buenavista, Jordan, Nueva Valencia, San Lorenzo, and Sibunag likewise achieved the same feat.
Good Financial Housekeeping recognizes the practice of the local government Units (LGUs) of financial transparency and accountability and instituted public reporting of the budget and expenditure of local governments.
The criteria for 2023 Good Financial Housekeeping are:
1. Most recent available COA Audit Opinion must be Unqualified or Qualified for CYs 2021 or 2022, based on the annual audit report posted in the COA website, as of July 21, 2023 (end of SGLG Regional Assessment), and
2. Compliance with Full Disclosure Policy requirements on the timely and complete posting of required financial documents in three (3) conspicuous places and in the FDP Portal for the 2nd to 4th quarter of CY 2022, and 1st quarter of CY 2023, based on the data provided by the FDP Central Team, BLGS-PCMD.
GFH is one of the factors being considered for an LGU to pass the first core area of SGLG which is Financial Administration.
REF: INFORMATION SECTION-OFFICE OF THE GOVERNOR