City Treasury Office exceeds non-tax revenues collection target by 5 percent

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A recent report from City Treasury Office (CTO) of Tacurong states that the office achieved 105 percent efficiency in the collection of non-tax revenues for fiscal year 2012.
During the monthly convocation sponsored by Treasury Office, Local Treasury Operations Officer III Romulo Paclibar presented the accomplishment report of the office as of November of the current year. He reported that collections of non-tax revenues exceeded the P30 million-target by 5 percent or P1.5 million. CTO had already collected P31.5 million. Non-tax revenues include fees, charges, and receipts from economic enterprises.
On the other hand, collection efficiency for tax revenues is coming close to its target. Out of the target amounting to P29 million, the office collected P24.9 million or equivalent to 86 percent collection efficiency. Tax revenues are generated from real property taxes, taxes on business, and other taxes.
Merging the tax and non-tax revenues, CTO collected a total of P56.4 million against its target of P59 million for the current fiscal year translated to 96 percent collection efficiency. The office vows to continue its efficient and honest service towards the attainment of the city’s fiscal goals. It also hopes to attain or surpass its targets at the end of the year.
Meanwhile, CTO also reported that as of November 26, the city government of Tacurong already received P227.9 million out of its P253.2 million Internal Revenue Allotment (IRA).
In her message, Mayor Lina Montilla lauded the personnel of the CTO headed by City Treasurer Jessie Batchar for their untiring effort in tax collection and for disclosing to the public their collection performance.
The city government continues to advocate transparency by encouraging its departments to publicize necessary information on performance and processes. (LGU Tacurong Information; Jezereel Billano)
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