City Treasurer Bags Top Recognition
The La Carlota City Treasurer’s Office (CTO) was recognized by the Bureau of Local Government Finance (BLGF) as one of the best Treasurer’s Office in Region VI in terms of collection efficiency.
The CTO, headed by City Treasurer Jerico D. Jalandoni, was awarded the Certificate of Commendation for having exceeded its target collection in local revenue sources, real property tax, and business and other taxes.
Republic Act (RA) No. 7160 aka as the Local Government Code allows LGUs to derive their revenues from local and external sources. Local sources include tax revenues from the real property tax and the business tax, and non-tax revenues from fees and charges, receipts from government business operations and proceeds from sale of assets. External sources, on the other hand, include the Internal Revenue Allotment (IRA) and other shares from special laws, grants and aids and borrowings.
The BLGF is an attached agency of the Department of Finance mandated to assist in the formulation and implementation of policies on local government revenue administration and fund management.
Leave your Comments/Suggestions here: