The Regional Financial Monitoring Team (RFMT) has finally released the results of the recently held Coordination Meeting with the concerned LGUs in Koronadal City. The said meeting was purposely held as a venue to reconcile the discrepancies between the Department and LGUs’ financial reports and update the latter’s liquidation rate.

The meeting was held last February 27, 2020, and was attended by 39 Municipal and Provincial LGUs accountants with pending balances.

The final outcome showed that the liquidation rates of LGUs with pending balances under the Locally Funded Projects (LFPs) of the Department of the Interior and Local Government has reached an average total of 94.38 percent, a 4.13 percent increase from the previous 90.45 overall rate gathered a day earlier (February 26).

These LFPs cover the Department’s MOA-based projects and Local Government Support Fund (LGSF) to LGUs from 2013 to 2018 for the construction of various infrastructure projects under the Bottom-Up-Budgeting (BuB), Sagana at Ligtas na Tubig (SALINTUBIG), Performance Challenge Fund (PCF), and Assistance to Displaced Municipalities/Assistance to Municipalities (AM) Programs.

During the said meeting, Director Josephine Cabrido-Leysa, CESO III, also acknowledged the cooperation of LGUs in reconciling and updating their financial reports with the Department and highlighted the positive impact of the said activity in the improvement of the LGUs’ liquidation reports on DILG-funded projects.

Director Leysa expressed satisfaction with the results as she further encouraged each LGU to keep up with the deadlines and other submissions.

In November last year, Project Development Management Unit (PDMU) XII has reported a total of 89% liquidation rate, a four-percent increase from the previous 85% in September 2019. The results came out after the conduct of its first Coordination Meeting with LGU accountants in October 2019.

For the next Coordination Meeting, the Department plans to invite representatives from the Bureau of the Treasury, LGU engineers, and Municipal Local Government Operations Officers to further discuss the LGUs’ specific concerns and address them at the soonest.

Related to article: http://region12.dilg.gov.ph/news-releases/rfmt-addresses-overdue-unliquidated-php-277m-lfps-balance-lgus