The provincial government of Misamis Oriental headed by the new Governor Juliette Uy has taken a significant step towards transparency by presenting its current financial status during a flag-raising ceremony. Provincial Treasurer Ronald Jame Violon and Provincial Accountant Philip Louie Dagoc reported on the province’s financial condition, revealing the following key points:
Financial Highlights:
Outstanding debt: The province has an outstanding balance of PHP 934,905,056.47 inherited from the previous administration.
Unliquidated cash balances: There are unliquidated cash balances amounting to PHP 65 million.
Current payables: The current payables left by the previous administration amount to PHP 510,949,659.08, covering the General Fund, School Fund, and Trust Fund.
Legacy payables: The province also has a balance of PHP 423,955,397.39 in payables dating back to 2021.
Transparency Initiative:
The provincial government has initiated a policy of presenting financial reports during flag-raising ceremonies every Monday. This move aims to keep the public informed about the province’s financial situation and ensure transparency in governance.
Call to Action:
The provincial officials have urged employees to work diligently and with integrity, prioritizing the welfare of the Misamisnons. With this new beginning, the province is poised to move forward and address the challenges ahead
