GENERAL SANTOS CITY — The City Trea-surer’s Office (CTO) reported that the local government unit (LGU) of General Santos has posted the highest revenue collected within the past 20 years.
Rodilon Lacap, head of the CTO, said the annual increase in revenue of the city has been noticed since the assumption of Mayor Ronnel Rivera as local chief executive of the city in 2013.
In the Statement of Receipts and Expenditures given by the Treasurer’s Operations Review Unit (TORU), Gensan’s net income peaked in 2014 to the sum of P309,975,597.64.
The amount is a significant leap from the city’s 2013 and 2012 annual net incomes which were P248,598,517.57 and P242,621,783.97, respectively.
Gensan has also increased its total assets by around 50% for the past three years—from P2,512,512,282.57 in 2012 to P3,309,798,278.04 in 2014.
Because of these fiscal improvements and for showing transparency in their transactions, a Seal of Good Financial Housekeeping (GFH) for the year 2014 was awarded by the Department of Interior and Local Government (DILG) to the city government last April 2015.
Lacap noted the importance of the GFH award for LGU Gensan, especially in the access of national funds. “For example, one of the criteria for an LGU to acquire the Bottom-Up-Budget (BUB) funds of DILG is its financial management and credibility. The GFH is one of its proofs,” Lacap said.
The city treasurer also enumerated some of the factors attributed to the increase of revenue collection of the city government. (PIA-12)
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