Full Disclosure Policy (FDP)
It is the government’s policy that requires certain local officials of provinces, cities, and municipalities to fully disclose particular financial transactions of the LGU to keep their constituents informed of how the LGU budget is managed, disbursed and used.
IMPORTANCE OF FULL DISCLOSURE
Help minimize, if not totally prevent corruption and misuse of public funds
- Increase the people’s awareness of the available public funds and the allocated amount for development projects in their localities
- Promote honest, transparent, and orderly management of public funds
The following documents and transactions are required to be posted by LGUs:
- Annual Budget of the current calendar year
- Quarterly Statement of Cash Flows
- Statement of Receipts and Expenditures of the previous calendar year
- Special Education Fund (SEF) Utilization
- 20% Component of the Internal Revenue Allotment (IRA) Utilization
- Gender and Development Fund Utilization
- Statement of Debt Services
- Annual Procurement Plan or Procurement List
- Items to Bid
- Bid Results on Civil Works, Goods and Services
- Abstract of Bids as Calculated
- SEF Income and Expenditures Estimates
- Trust Fund (PDAF) Utilization
- Supplementary Procurement Plan, if any
FREQUENCY OF POSTING
Annual
| Type of Report | Period of Posting |
| 1. Annual Budget Report | On or before January 15 of each year or not later than 15 days after the approval of the Local Sanggunian |
| 2. Annual Procurement Plan or List | On or before January 31 of each year |
| 3. SEF Income and Expenditure Estimates | One (1) week after the approval by the Local School Board of the SEF Income and Expenditure Annual Report |
| 4. Statement of Debt Service | One (1) week after the approval of the Local Chief Executive (LCE) of the Statement of Debt Service Annual Report |
| 5. Annual GAD Accomplishment Report | Not later than the end of January of the ensuing year |
| 6. Statement of Receipts and Expenditures | One (1) week after the approval of the Local Chief Executive of the Statement of Receipts and Expenditures Annual Report |
Quarterly
| TYPE OF REPORT | PERIOD OF POSTING |
| 1. Quarterly Statement of Cash Flows | Within 10 days after the end of every quarter |
| 2. Items to Bid | Within the prescribed period under the Government Procurement Reform Act and its IRR, and to be updated quarterly |
| 3. Report of SEF Utilization | One (1) week after the end of each quarter |
| 4. Trust Fund (PDAF) Utilization | One (1) week after the end of each quarter |
| 5. Bid Results on Civil Works and Goods and Services | Within the prescribed period under the Government Procurement Reform Act and its IRR, and to be updated quarterly |
| 6. Abstract of Bids as Calculated | Within the prescribed period under the Government Procurement Reform Act and its IRR, and to be updated quarterly |
| 7. 20% Component of the IRA Utilization | One (1) week after the end of each year |
***Failure to comply with the FDP may subject concerned local officials to SUSPENSION or REMOVAL from office on the ground of gross negligence or dereliction of duty in accordance with Section 60 of the Local Government Code.
ROLE OF DILG:
- Help the government ensure maximum compliance to FDP
- Guide those concerned on the proper FDP procedures and processes
- Recommend sanctions against non-complying officials
- Implement a reward and recognition system for complying officials through its Performance Challenge Fund (PCF) and Seal of Good Housekeeping Awards
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