DILG Zambales thru the leadership of PD Armi V. Bactad, CESO V with CTL Rolando D. Ocampo and MLGOO Teresita R. Ola joined in the ground breaking ceremony of the PCF approved project in Barangay Sto. Niño, of the Municipality of Palauig this province last June 27, 2014.
It was attended by the said LGU’s Municipal and Barangay Officials and Employees lead by Hon. Generoso F. Amog, Mayor.
The project costs P2, 989, 564.96 which will be used for the concreting of the Sto. Niño – Tuktok Pangol Road. One million of which came from PCF while the remaining amount came from LGU’s 20% Development Fund. The completion of the road would give ease to the delivery and transportation of goods and services by the Palauigeños from and to the national road.
The Performance Challenge Fund (PCF), is a monetary incentive given to LGUs by the DILG in the form of counterpart funding to high-impact capital investment projects in the Annual Investment Program (AIP) and funded out of the 20% Local Development Fund consistent with national goals and priorities. In order to qualify for the monetary incentive, LGUs must comply with the criteria of the Seal of Good Housekeeping (SGH) focused on sound Fiscal Management highlighting the absence of adverse COA Opinion on LGU financial statements and transparent and accountable governance putting value on full disclosure and compliance to Anti-Red Tape Act 2007.
Indeed, the said municipality was among the Five (5) Municipalities in the province conferred with the Seal of Good Housekeeping (SGH), Silver Level and consequently was awarded 1M PCF.