Lipa City was awarded as the Most Outstanding Accounting Office, Local Governance Sector, for adopting decentralized accounting system(city level) for year 2008.
The award received by Lipa City Accountant Ma. Belen Villanueva, recognizes the exemplary performance of the city in the criteria of Accuracy,Timeliness, Reliability and Compliance to Accounting Rules and Regulations set by the Commission on Audit(COA).
Together with other Lipa delegates, the City Accountant, Mrs. Villanueva received the prestigious award from AGAP,Inc. held at the L’Fisher Hotel in Bacolod City last Ocotber 12-15, 2009.
President Gloria Macapagal-Arroyo in her message sent to AGAP congratulated the winners of the Outstanding Accounting Offices and members of AGAP, emphasizing that as public accountants, they are in the best position to help the country in coping with the global economic downturn and that by guaranteeing transparency, reliable and cost-effective accounting services to their clients, the reforms that the government has taken over the past years can be safeguarded.
In an interview with Mrs. Villanueva, she pointed out that because of prudent spending by the present administration, the LGU was able to grant its employees the 10% increase in salaries in 2007 and another 10 percent increase in 2008. With the Local Chief Executive effective fiscal management, not only the LGU employees were benefited but also the constituents of Lipa through the appointment of additional funds for other significant projects in the areas of health,education,peace and order and infrastructure as the closing of books posted some P68 million surplus for the year 2008.
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