What is required for local government units concerning their ADS, AFS, and Annual Budget Document?

Local government units are required to file their Annual Financial Statements (AFS), Annual Budget Documents (ABD), and Annual Development Strategy (ADS) through a specific online system known as the FAST portal. This requirement emphasizes the importance of maintaining accuracy, accountability, and efficiency in the management of public records. The use of the FAST portal, typically overseen by the Chief Financial Officer (CFO), ensures that these critical documents are submitted in a standardized format, facilitating easier access for audits and public transparency.

Filing these documents through an established online platform simplifies the process for local governments, allowing for real-time submission and reducing the risk of physical documentation errors or loss. This requirement is part of broader efforts to strengthen financial governance in municipal management, ensuring that all local government units adhere to consistent financial reporting practices.