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Barangay Full Disclosure Policy (BFDP)

The Barangay Full Disclosure Policy requires all Punong Barangays to keep their constituents informed of the financial transactions of the barangay. It is a mechanism to eliminate graft and corruption in all the transactions of the barangays that involve government funds through posting within the premises of the hall and on the official website of the barangay, if available, the six documents as prescribed by the Department of Budget and Management, such as:

Barangay Budget
Summary of Income and Expenditures
20% Component of the IRA Utilization
Annual Procurement Plan or Annual Procurement List
List of Notices of Award
Itemized Monthly Collections and Disbursements

Barangay Budget

Information detail on estimates of yearly income and the total appropriations covering personal services, maintenance, and other operating expenses and capital outlay.

It shall be posted at the beginning of the specified fiscal year and shall remain posted for the entire period covered

Summary of Income and Expenditures

A summary of all revenues collected and fund received including the appropriations and disbursement of such funds during the preceding fiscal year

It shall be posted within thirty (30) days from end of each fiscal year in at least three (3) publicly accessible and conspicuous places in the barangay. It shall also be posted for the entire duration of the specified fiscal year

20% Component of the IRA Utilization

Information detail on the yearly barangay expenditures on social develipemnt, economic developmen and environmental amnagement and other barangay expenses usng the barangay IRA share.

It shall be posted at the beginning of the specified fiscal year and shall remain posted for the entire period covered

Annual Procurement Plan or Annual Procurement List

Information detail on the name of the project, individual item, or article and specification or description of goods and services, procurement method, fund source, unit price or estimated cost or approved budget for the contract and procurement schedule

It shall be posted for the entire duration of the specified fiscal year.

List of Notices of Award

Information detail on the name of project, business, address, brief description of goods and services required by the barangay, address of recipient of goods or services and amount of bid.

it shall be posted quarterly and shall remain posted for the entire period of the fiscal year

Itemized Monthly Collections and Disbursements

It shall be posted within ten (10) days following the end of every month by the barangay treasurer. All preceding monthly documents shall remain posted under the subsequent monthly documents for reference.

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