TREASURERS of local government units are now required to include in their quarterly and annual financial reports to the Department of Finance (DOF) all environment and natural resources revenues and expenditures, particularly payments made by mining and other extractive industries to their respective local governments.
In a statement on Thursday, the DOF explained that since 2011, local treasurers have been required to report to the DOF on a quarterly and annual basis the fiscal and financial operations of their respective LGUs through the electronic Statement of Receipts and Expenditure (eSRE) system.
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