The City Government of Davao, through an executive order (EO), has reconstituted the Public Financial Management (PFM) Team effective November 15, 2022.
EO 61, Series of 2022, provides that Davao City adheres to the policy of the State for political subdivisions to enjoy genuine, meaningful local autonomy, which is why it should have an efficient and dynamic organizational structure and operating mechanism that will meet the priority needs and service requirements of its constituents.
“In the exigency of public service, there is a need to reconstitute the Public Financial Management Team to ensure better coordination and sustainability of Public Financial Management Reforms,” the new EO states.
EO 61 cited the Department of Budget and Management issued Local Budget Circular (LBC) No. 147 dated July 29, 2022 entitled “Adoption of the Enhanced Public Financial Management Assessment Too (PFMAT) for LGUs and its Electronic Version”, which prescribes the guidelines for the official adoption and use of the enhanced PFMAT for LGUs to check the state of their PFM systems, and as an instrument to correct systemic issues identified in the PFM assessment.
City Government of Davao representatives attended the DBM Region 11-led PFMAT for LGUs and its Electronic Version seminar workshop on October 5 to 7, 2022.
The PFMA Tool, according to EO 61, can be used in creating the required Public Financial Management Assessment Improvement Plans (PFMAIPs) to meet stakeholders’ priority needs and services.
The City Government of Davao will formulate the needed PFMAIPs through the PFM Team, which consists of the city administrator as the representative of the local chief executive.
Its members are the city budget officer as PFM focal person and team leader, city treasurer, city accountant, general services officer, Bids and Awards Committee chairman (goods and services), Bids and Awards Committee chairman (civil works and infrastructure), City Planning and Development coordinator, and the Internal Audit Service Division head.
The Secretariat/Technical Working Group is composed of representatives from the City Treasurer’s Office, City Accountant’s Office, City General Services Office, Bids and Awards Committee, City Planning and Development Office, and Internal Audit Service Division.
The PFM Team is mandated to convene and discuss the contents of the PFM Assessment Tool to establish a common understanding of the context and the specific contents of the same; orient the local chief executive and the Local Legislative Body on the PFM assessment tool; ensure availability of access to required data or information based on performance indicators set on the tool; and conduct periodic evaluation of the City’s Public Financial Management System.
PFM Team’s funds will come from the budget of the City Mayor’s Office.
Click http://bit.ly/3EC2D5M to read EO 61, Series of 2022. CIO
