Bacolod SP Calls for comprehensive inventory and valuation of city assets including lands, vehicles & equipments

The Sangguniang Panlungsod has unanimously approved a resolution requesting the General Services Office (GSO), through the Office of Honorable City Mayor Greg G. Gasataya, in coordination with the Commission on Audit (COA), to conduct a comprehensive inventory, mapping, and valuation of all Bacolod City Government assets and to submit a consolidated report to the City Council.

The resolution, authored by Councilor Atty. Caesar Z. Distrito, Chair of the Committee on Government Assets, with co-authors Councilor Atty. Dindo C. Ramos and Councilor Celia Matea R. Flor, underscores the need for up-to-date and accurate records of all assets including city-owned real properties, vehicles and equipments.

“Proper management and accounting of government properties are vital to good governance and fiscal responsibility. With a complete and updated inventory and valuation, we can safeguard Bacolod City’s assets, prevent misuse or loss, and identify properties that may be developed to generate revenue or public benefit.” said Councilor Caesar Distrito.

The measure cites Section 16 and Section 129 of the Local Government Code of 1991, which mandate local governments to exercise powers necessary for efficient governance and to maximize revenues through proper valuation and utilization of government properties. It also aligns with COA Circular Nos. 2020-006 and 2015-007, which require regular physical inventory and valuation of all government-owned real and movable properties.

Councilor Dindo Ramos, a co-author, emphasized that “This is about accountability and transparency. Bacolod must know exactly what it owns, where those assets are, and their current condition. Only then can we make sound decisions on how to use, maintain, or develop them for the people’s benefit.”

Councilor Celia Matea R. Flor also added that “By mapping and valuing our city’s assets, we can better plan for infrastructure, social services, and economic development. This is about ensuring that every property and resource entrusted to the city truly works for the welfare of Bacolodnons.”

The resolution points out that the absence of a current and unified inventory exposes the city to risks such as unaccounted properties, encroachment, illegal occupation, and foregone revenues.

The City Council believes that a consolidated and comprehensive report will guide Bacolod City in protecting and optimizing its properties, in line with the principles of transparency, accountability, and good governance.* (CZD)