Aguinaldo LGU reaps national awards for effective electronic financial management system

Aguinaldo, Ifugao – The local government unit of Aguinaldo in Ifugao continues to reap recognition for its effective electronic system that backed its financial reporting.

Mayor Gaspar Chilagan Jr. and Vice Mayor Roberto Lim-ang received on Wednesday, August 23, two awards from Government Financial Management Innovators Circle, Inc. (GFMIC), an association that promotes high standards in public management system.

The recognitions called “Outstanding eNGAS (Enhanced Electronic New Government Accounting System) and eBudget (Electronic Budget) System User Entity” and “eNGAS Grassroot Implementer” were given in Tagaytay City during the GFMIC’s joint 14th Annual National Convention and 2023 Membership Conference themed, “Advocating Green and Sustainable Public Financial Management Reforms.”

The first award is part of the new category given to municipalities and other agencies that submitted a complete set of eNGAS-generated consolidated financial reports for fiscal year 2022, free of material errors, on or before the due date prescribed by the Commission on Audit (COA).

The other award, meantime, is for towns and other government units that have implemented eNGAS system down to all the barangays.

What are eNGAS and eBudget?

The eNGAS and eBudget are both accounting software developed by COA in 2001 with the objective of standardizing government financial transactions and reporting.

Specifically, eNGAS is used in generating financial reports following the Philippine Public Sector Accounting Standards (PPSAS). It aims to simplify government accounting, conform to international accounting standards, and generate periodic and relevant financial reports for better monitoring of performance through the setting up of accounting software that ensures correctness, reliability, completeness, and timeliness.

The eBudget System, according to COA, is an application system developed and designed by the commission to record and keep track of budget-related transactions, such as appropriations, allotments, and obligations incurred, among others. It also facilitates the monitoring of the status and balances of these allotments and obligations.

Mayor Chilagan took to social media to thank the personnel from the budget, finance, accounting, treasury, and all other departments and offices who contributed to the attainment of such awards.

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