1 Page 1-19 (Intro) 1 1/5/06, 5:50 PM 2 Page 1-19 (Intro) 2 1/5/06, 5:50 PM LOCAL GOVERNMENT FISCAL and FINANCIAL MANAGEMENT Best Practices Juanita D. Amatong Editor 3 Page 1-19 (Intro) 3 1/5/06, 5:50 PM Local Government Fiscal and Financial Management Best Practices Juanita D. Amatong, Editor Copyright © Department of Finance, 2005 DOF Bldg., BSP Complex, Roxas Blvd. 1004 Metro Manila, Philippines Tel: + 632 404-1774 or 76 Fax: + 632 521-9495 Web: http://www.dof.gov.ph Email:
[email protected] First Printing, 2005. Cover design by Hoche M. Briones Photos by local governments of Santa Rosa, Malalag, San Jose de Buenavista, Quezon City, Gingoog City, and Rashel Yasmin Z. Pardo (Province of Bohol) and Niño Raymond B. Alvina (Province of Aklan). All rights reserved. No part of this book may be reproduced in any form or by any means without express permission of the copyright owners and the publisher. ISBN 971-93448-0-6 Printed in the Philippines. 4 Page 1-19 (Intro) 4 1/5/06, 5:50 PM CONTENTS About the Project ................................................................................... 8 Acknowledgements ................................................................................. 9 Message ................................................................................................ 11 Foreword .............................................................................................. 12 Introduction ......................................................................................... 15 Revenue Generation Charging