7.  Full Disclosure of Local Budget and Finances, and Bids and Public Offerings

The declared policy of promoting good local governance calls for the posting of budgets, expenditures, contracts and loans, and procurement plans of LGUs in conspicuous places within public buildings in the locality, on the web, and in print media with local or general circulation, specifically including the following:

•  annual budgets;

•  quarterly statements of cash flows;

•  statements of receipts and expenditures;

•  trust fund (PDAF) utilization;

•  Special Education Fund utilization;

•  utilization of the 20 percent Development Fund component of the IRA;

•  Gender and Development Fund Utilization;

•  statement of debt service;

•  annual procurement plan and procurement list;

•  items to bid;

•  bid results on civil works and goods and services; and

•  abstract of bids as calculated.