Batangas City recognized for timely submission of financial reports

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Batangas City received a Certificate of Recognition from the Bureau of Local Government Finance Region 1V-A in partnership with the Regional Association of Treasurers and Assessors Inc. REGATA 1V-A “in recognition of their exemplary performance for being among those Firsts in attaining 100% compliance rate of submission of the Q4 2017 Electronic Statement of Receipts and Expenditure (e SRE) Reports among LGUs in the Entire Region”. This was on March 22, 2018 at One Tagaytay Place Hotel Suites, Tagaytay City.

According to OIC City Treasurer Nila Petronila Olivario, their office’s timely submission of e SRE reports to the regional and national offices of the Department of Finance is very important. This is because the e SRE reports are shown online and officially serve as the bases of the assessment of the city’s Good Financial Housekeeping which is one of the criteria in bestowing the DILG Seal of Good Local Governance on a local government unit.

Meanwhile, Olivario reported that for the first quarter of this year, their office collected 41.57% amounting to P759.6 million of the city’s P1.8 billion- annual budget under the General Fund. Of the annual Special Education Fund (SEF) budget amounting to P275 million, 44.31 % or P121.8 million was collected. City Assessor Guadalupe Judy Tumambing on the other hand, also received a Certificate of Recognition in the same awarding ceremony for “surpassing the CY 2017 Targeted Increase in Total Taxable Assessed Valuation Among all Cities of Calabarzon “. (PIO Batangas City)