Camarines Norte and it’s 11 municipalities: Basud, Capalonga, Daet, San Lorenzo Ruiz, Jose Panganiban, Labo, Mercedes, Paracale, San Vicente, Talisay, and Vinzons passed the 2021 Good Financial Housekeeping standards of DILG Region 5
Good financial housekeeping includes compliance with the Full Disclosure Policy of Local Budget and Finances, Bids and Public Offerings such as Annual Budget, Statement of Receipts and Expenditures, Annual Procurement Plan or Procurement List, and Bid Results On Civil Works, as well as compliance with the Unqualified or Qualified Commission on Audit Opinion of the immediately preceding year. Goods and Services, as well as Consulting Services, are examples.
The Good Financial Housekeeping aims to recognize Local Government Units (LGUs) with good performance in financial transparency.