Sunday , May 27, 2018

Porac town gets P2-million PCF

PORAC -- Porac town received a P2-million incentive from the Department of Interior and Local Government (DILG) under the Performance Challenge Fund or PCF.

This, as the town won in the recent Seal of Good Local Governance 2017. The incentive was presented to municipal officials by DILG Provincial Director Myrvi A. Fabia at the municipal hall the other day.

Mayor Condralito Dela Cruz said that the funding serves as the local government’s “reward,” as it has met all the criteria of the core components of the seal that include good financial housekeeping, social protection and disaster preparedness.

Also, the municipality has met the requirements for all the essential components of the seal in terms of business-friendliness and competitiveness, environmental management and peace and order.

Porac town was a passer of the Seal of Good Housekeeping in 2012 and later the Seal of Good Local Governance (SGLG) in 2014, the perquisites to qualify for the PCF.

The SGLG is given to local government units (LGUs) with good performance in internal housekeeping, especially on sound fiscal management, transparency, accountability, and performance management.

Passing the seal entitles a local government unit to access the PCF for this year, allowing it to secure the Good Financial Housekeeping certification for loan purposes and provides an opportunity to avail other national program windows like Bottom-Up Budgeting Program.

The PCF is an incentive fund to LGUs in the form of counterpart funding to high-impact capital investment projects in the Annual Investment Program and the 20 percent Development Fund consistent with national priorities.

It is open to all provinces, cities and municipalities awarded with the Seal of Good Housekeeping provided that the LGU shall allocate a counterpart fund to implement capital investment projects aligned with the national development agenda and priorities.