THE Department of Budget and Management (DBM) said local government units (LGUs) have until Nov. 30 to submit a certification for the awarded contracts covered by assitance from a support fund assistance.
According to DBM’s local budget circular no. 116B, awarded contracts funded through the Local Government Support Fund — Assistance to Cities (LGSF-AC) will have to be certified as ongoing and due for completion on a specific date beyond this year.
The certification should also cite the amounts received and to be disbursed to contractors and should be signed by the Mayor and the City Accountant.
DBM said the certification will ensure “timely completion of projects” supported by the funding scheme.
“Concerned LGUs are requested to submit a certification signed by the City Mayor and the City Accountant that: (i) the project is already ongoing and will be completed on a specific date but beyond 31 December 2019; and (ii) the funds received from the LGSF-AC will be disbursed to the concerned contractor according to the approved payment schedule/progress billing,” according to the circular.
The LGSF-AC is used to finance the construction, rehabilitation, repair or improvement of public open spaces.
The circular, dated Sept. 25, was signed by DBM Acting Secretary Wendel E. Avisado.
Meanwhile, an earlier Circular No. 116-A quoted in the statement said that “funds which remain unutilized as of 31 December 2019 shall be reverted to the National Treasury by the recipient cities.” — Beatrice M. Laforga