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Questions and Answers
What is the primary goal of the BLGF according to the text?
Which of the following is NOT a Key Result Area (KRA) listed in the BLGF strategy map?
What is the primary function of the BLGF's Legal Division according to the text?
Which of the following is NOT listed as an BLGF Institutional Strengthening activity?
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What is the primary Outcome of the BLGF's strategy according to the text?
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Which of the following is NOT listed as a Major Final Output (MFO) of the BLGF?
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What is the purpose of the Manual for the Evaluation of Local Treasury Operations (MELTO)?
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Who conducts the local treasury operations evaluation within Metro Manila?
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According to the Constitutional Provision mentioned, who has the power to create revenues and levy taxes in Local Government Units?
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What happens to the taxes, fees, and charges collected by Local Government Units (LGUs) according to the Constitutional Provision?
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What is the role of the Basic Reference Manual for the Evaluation of Local Treasury Operations (MELTO) according to the text?
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What is the purpose of timely and accurate submission of LGU financial and fiscal reports?
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What constitutes a lien on a property subject to tax, according to the text?
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Which entity receives 40% of the proceeds in a municipality within Metro Manila, according to the text?
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When can the lien on a property subject to tax be extinguished, according to the text?
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Who enforces the lien on a property subject to tax by administrative or judicial action?
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What percentage of proceeds goes to barangays in a city within Metro Manila, according to the text?
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Where can a taxpayer appeal within 15 days from receiving an adverse decision by CBAA?
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Study Notes
BLGF Strategy Map
- The BLGF is the focal agency and authority in local finance, aiming to be at the forefront of local economic growth and national development.
- The organization's vision is to achieve LGU Fiscal Sustainability.
Outcome
- The desired outcome is LGU Fiscal Sustainability, with key result areas (KRAs) focusing on:
- Regulation of LGU Financial Management
- Policy Development
- Treasury and Assessment Policy Reforms and Services
- Technical Assistance
- LGU Revenue Generation and Resource Mobilization Programs
- Capacity Development and Professionalization of the Treasury and Assessment Services
- LGU Financial Performance M&E Compliance Reviews
- Accountability and Discipline
Institutional Strengthening
- The organization aims to strengthen its internal processes through:
- Organizational Development
- HR Systems
- IT Systems
- Knowledge Management
- Performance Management
- Rewards and Recognition
- Good Governance
Environmental Influence
- The BLGF monitors and evaluates LGU Financial Performance, with a focus on:
- Policy Development
- LGU Fiscal Sustainability
- Regulation of LGU Financial Management
- Technical Assistance
Support Mechanisms
- The organization has a structured support system, comprising:
- Office of the Executive Director
- Administrative, Financial and Management Service
- Financial and Management Division
- Legal Division
- Administrative Division
- Internal Affairs Division
- Policy, Planning, Programming and Standards Division
- Local Financial Data Analysis Division
- Information Systems Management Division
- LGU Debt Monitoring & Evaluation Division
- 15 Regional Offices
- Plantilla of Personnel
Local Treasury Operations Evaluation
- The BLGF conducts local treasury operations evaluation, guided by the enhanced Manual for the Evaluation of Local Treasury Operations (MELTO).
- MELTO provides a systematic and uniform set of evaluation procedures supported by existing laws, rules, and regulations.
Basics of Local Finance and Taxation
- The BLGF operates under the Constitutional Provision, Article X, Secs. 4-6, which grants LGUs the power to create their own sources of revenue and levy taxes, fees, and charges.
- LGUs have a just share in national taxes, which are automatically released to them.
Distribution of Proceeds
- The distribution of proceeds is guided by Sec. 271 & 272, LGC, with the following allocations:
- Province: 35%
- Municipality: 40%
- Barangay: 25%
- City: 50%
- MMDA: 35%
- Municipality: 35%
- Barangay: 30%
Tax Remedies
- Local Government Administrative Remedies:
- Lien (Sec. 257, LGC)
- Levy on Real Property (Sec. 258-252, LGC)
- Taxpayer Administrative Remedies:
- Protest (Sec. 252, LGC)
- Claim for Refund or Credit (Sec. 253, LGC)
- Redemption of Real Property (Sec. 261, LGC)
- Judicial Remedies:
- Civil action (Sec. 266, LGC)
- Question of Legality (Sec. 187, LGC)
- Court Action
- Appeal to CTA en banc within 15 days from receipt of adverse CBAA decision.
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Description
Test your knowledge on the review, evaluation, and monitoring of timely and accurate LGU financial and fiscal reports. Explore the guidelines under the enhanced Manual for the Evaluation of Local Treasury Operations (MELTO) for local treasury operations evaluation.
