WHAT IS FULL DISCLOSURE POLICY?
The Full Disclosure Policy is a government’s policy that requires 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.
WHAT IS THE IMPORTANCE OF FDP?
a) It promotes honest, transparent, and orderly management of public funds;
b) It helps minimize, if not totally prevent corruption and misuse of public
funds ;
c) It increase the people’s awareness of the available public funds and the
allocated amount for development projects in their localities.
WHAT LAWS REQUIRE FDP?
Section 352, Republic Act No. 7160, otherwise known as the Local Government
Code of 1991: “..posting within 30 days from end of each fiscal year in at least
three publicly accessible and conspicuous places in the local government unit, a
summary of all revenues collected and funds received, including the
appropriations and disbursements of such funds during the preceding fiscal year.”
Republic Act No. 9184, also known as the Government Procurement Reform Act:
“…posting of the Invitation to Bid, Notice to Proceed at Approved Contract in
procuring entity’s premises, in newspapers of general circulation, the Philippine
Government Electric Procurement System (PhilGEPS) and the website of the
procuring entity.”
Section 84, Republic Act No. 10155 (General Appropriations Act): “..Strict
compliance with Sections 288 and 354 of RA No. 7160 and DILG Memorandum
Circular No. 2011-134, entitled “Full Disclosure Policy relative to the posting of
Local Budget and Finances, Bids and Public Offerings and Status of Programs and
Projects”, is hereby mandated: Such required documents shall be posted on
billboards in all publicly accessible and conspicuous places in the local
government unit, in the LGU website and/or in print media of national or local
circulation.
Article III, Section 7 of the 1987 Philippine Constitution: “The right of the people
to information on matters of public concern shall be recognized. Access to official
records, and to documents and papers pertaining to official acts, transactions, or
decisions, as well as to government research data used as basis for policy
development, shall be afforded the citizen, subject to such limitations as may be
provided by law.”
WHAT ARE THE DOCUMENTS THAT NEED TO BE POSTED?
a) Annual Budget Report
b) Statement of Debt Service
c) Statement of Receipts and Expenditures
d) Quarterly Statement of Cash Flow
e) Annual Procurement Plan or Procurement List
f) Items to Bid
g) Bid Results on Civil Works, Goods and Services, and Consulting Services
h) Supplemental Procurement Plan, if any
i) SEF Income and Expenditure Estimates
j) Report of SEF Utilization
k) Annual GAD Accomplishment Report
l) Trust Fund (PDAF) Utilization
m) 20% Component of the IRA Utilization
n) Report of Local Disaster Risk Reduction and Management Fund (LDRRMF)
Utilization
ASIDE FROM THE PORTAL, WHERE SHOULD THE DOCUMENTS BE POSTED?
The documents should also be posted in at least three (3) conspicuous places.
Conspicuous places refer to the provincial capitol, city hall, municipal hall,
barangay hall, and government-owned facilities to include, but not limited to,
social center, gymnasium, auditorium, manpower development center, training
center, transport terminal, public market, public school, health station or center
and hospital.