Joint Memorandum Circular No. 1 series of 2016 November 18, 2016
TO : All Officials of the Department of the Interior and Local Government (DILG), Department of Budget and Management (DBM), Department of Finance (DOF) through the Bureau of Local Government Finance (BLGF), and the National Economic and Development Authority (NEDA), Provincial Governors, City and Municipal Mayors, Members of the Sanggunian, Local Development Councils, Local Finance Committees and All Others Concerned
SUBJECT : Updated Guidelines on the Harmonization of Local Planning, Investment Programming, Resource Mobilization, Budgeting, Expenditure Management, and Performance Monitoring and Coordination in Fiscal Oversight
1.0 STATEMENT OF POLICY
In pursuit of better convergence among the Oversight Agencies through the institutionalization of the Coordinating Committee on Decentralization (CCD), the National Inter-Agency Team (NIAT) for Public Financial Management (PFM) and the Regional Inter-Agency Teams (RIATs) for PFM, as laid down in the DBM-DILG-DOF-NEDA Joint Memorandum Circular (JMC) No. 2015-1 dated 24 February 2015, we hereby adopt the provisions of this JMC to enable better coordination and improve the quality of Oversight Agencies’ technical assistance to local government units’ (LGUs’) public financial management, and ensure that the different tools of the Oversight Agencies, including policy development, advice, guidance, manuals, guidelines, issuances, awards and others, complement each other.
To enhance the guidelines on the harmonization of local planning, investment programming, resource mobilization, budgeting, expenditure management, and performance monitoring and coordination in fiscal oversight by:
2.1 Establishing the formal structure and mechanisms for convergence among the Oversight Agencies at the national and regional levels;
2.2 Clearly identifying and delineating the roles and responsibilities of the Oversight Agencies, as well as the LGUs; and
2.3 Prescribing the improved financial management policies, systems and tools within the contest of convergence through the identification of their interdependencies and areas for complementation and integration.
This JMC shall cover the areas of Local Planning, Investment Programming, Resource Mobilization, Budgeting, Expenditure Management, and Performance Monitoring Coordination in Fiscal Oversight of DBM, DILG, DOF and NEDA over provinces, cities and municipalities.