Wednesday, January 7, 2015

What is an Intelligence Fund?



What is an Intelligence Fund? 
Is it better we abolish the Intelligence Fund?

These are funds appropriated in furtherance of the duties of local executives to maintain peace and order, for the comfort, convenience and welfare of the people.

Intelligence funds derive its legal basis from Section 16 of the local government code, known as the general welfare clause.

One thing unique about intelligence funds is that it is audited in a special way.
The accounting or liquidation of intelligence funds is directed to the Chairman of the Commission on Audit, “for his eyes only”, in a sealed envelope.

This is unlike the other funds appropriated in the budget which are generally audited by government auditors.

Is it better we abolish the Intelligence Fund?

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