07/03/2025
๐๐๐ฉ๐ข๐ณ ๐๐ซ๐จ๐ฏ๐ข๐ง๐๐ข๐๐ฅ ๐๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐จ๐ง๐๐ฎ๐๐ญ๐ฌ ๐๐ซ๐ข๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐๐๐ฐ ๐๐ฎ๐๐ ๐๐ญ ๐๐ฉ๐๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ ๐๐๐ง๐ฎ๐๐ฅ
๐๐จ๐ฑ๐๐ฌ ๐๐ข๐ญ๐ฒ โ The Provincial Budget Office (PBO), in coordination with the Provincial Planning and Development Office (PPDO), facilitated an orientation on the New Budget Operations Manual (BOM), 2023 Edition on March 5, 2024, at the Hall of Governors.
Aligned with Section 354 of the Local Government Code of 1991 and Article 426 of its Implementing Rules and Regulations (IRR), the session aimed to enhance budget preparation, authorization, ex*****on, and accountability in Local Government Units (LGUs). The Department of Budget and Management (DBM) developed the BOM to standardize budgeting processes and improve efficiency in financial management.
Familiarizing personnel with updates and improvements in the BOM was the primary focus of the orientation. Moreover, it sought to strengthen accountability and financial responsibility among departments and units.
Ms. Danica Bithao from Provincial Budget Office provided an overview of the New Budget Operations Manual, 2023 Edition, explaining significant updates and their implications on LGU financial procedures.
Meanwhile, EnP. Wilar C. de los Santos introduced additional compliance forms essential to the revised manual, including:
โขLBP Form 4 โ Office mandate, mission, major final output, performance indicators, and targets
โขLBE Form 5 โ Summary of financial and physical performance targets
โขLBE Form 5A โ Detailed financial and physical targets
โขLBAc Form 3 โ Quarterly physical report of operations
โขLBAc Form 5 โ Physical and financial performance evaluation form
โขLBAc Form 6 โ Monitoring of physical and financial accomplishments
These forms serve as tools in the updated budgeting framework by enhancing accountability, and evaluation of financial and physical performance in LGUs.
With efforts led by PBO and PPDO, this initiative is expected to enhance transparency, accountability, and financial management, leading to better governance and improved public service delivery.
