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Las Piñas News

Las Pinas passes 2022 Good Financial Housekeeping Assessment

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Las Piñas City has recently received recognition for its good financial management practices, as it passed the CY 2022 Good Financial Housekeeping Assessment. The city's local government was able to satisfy the criteria required for the assessment, which included obtaining the COA Audit Opinion for CYs 2020 and 2021 and complying with all required financial documents under the Full Disclosure Policy in the FDP Portal for the 2nd to 4th quarter of CY 2021 and 1st quarter of CY 2022.

This recognition is a testament to the city's commitment to responsible financial management and transparency. The passing of the assessment is expected to strengthen the city's financial standing and enhance its credibility among its constituents and stakeholders. With the current economic challenges brought about by the ongoing pandemic, ensuring sound financial management practices has become more crucial than ever.

The good financial housekeeping assessment is a program of the Department of the Interior and Local Government (DILG) which aims to encourage local government units (LGUs) to adhere to good financial management practices. It also seeks to promote transparency and accountability in the use of public funds. The assessment is conducted annually, and LGUs that pass are recognized for their efforts in promoting good governance and financial stability.

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The local government of Las Piñas has demonstrated its commitment to good governance by passing this assessment. Its efforts in maintaining transparent and accountable financial practices are a significant step towards achieving its vision of becoming a progressive and sustainable city. The city's constituents can take pride in their government's recognition for its sound financial management practices, which ultimately benefit the entire community.

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