• The Financial District

LGU LOCAL TREASURERS URGED TO MONITOR BAYANIHAN GRANTS

Local treasurers of local government units (LGUs) have been asked to monitor the “Bayanihan” grants the government released to each municipality, city or province to address the Covid -19 pandemic’s impact.

The local treasurers of each LGU were asked to report the expenditures relative to the Bayanihan grant.


Funds equivalent to one-month of the internal revenue allotment (IRA) share for 2020 of cities and municipalities, and one-half of the 2020 IRA for provinces, were released by the Department of Budget and Management (DBM) last month to LGUs.


These one-time fund releases, which should be exclusively used for programs and activities to respond to the COVID-19 emergency, are known as the Bayanihan grants as such subsidies were given on the strength of Republic Act (RA) No. 11469 or the Bayanihan to Heal as One Act.


In a memorandum issued last April 27 by the DOF’s Bureau of Local Government Finance (BLGF), all provincial, city and municipal treasurers were ordered to “ensure the proper recording and reporting” of these funds “to effectively monitor the Bayanihan Grants to LGUs.”


The DBM released last April 7 a total of P30.82 billion to cover the allocations of cities and municipalities under the Bayanihan grants.


Another P6.2 billion–released in three tranches of P4.7 billion, P1.35 billion and P141 million–was released last April 13 to cover the Bayanihan grants of provinces.


Under Memorandum Circular No. 009-2020, the BLGF said the Bayanihan grants to LGUs “shall be inputted” as “Other Subsidy” in the Statement of Receipts and Expenditures (SRE) Report of the Local Government Unit Integrated Financial Tools (LIFT) system.


The LIFT is an IT-based reporting system for local treasurers, assessors, budget officers, and accountants required under DBM-DOF-DILG Joint Memorandum Circular No. 2018-1 to synchronize financial reports of LGUs with the national government oversight agencies. #coronavirusimpact #COVID19PH

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