Statement of Assets and Liabilities

     1. Who shall file - All public officials and employees, except those who serve in an honorary capacity, laborers and casual or temporary workers, shall file under oath their Statement of Assets, Liabilities and Net Worth and a disclosure of Business Interest and Financial Connections and those of their spouses and unmarried children under 18 years of age living in their household\s.

     2. Contents - The two documents shall contain information on the following:

          a.  Real property, its improvements, acquisition costs, assessed value and current fair market value;

          b.  Personal property and acquisition cost;

          c.  All other assets such as investments, cash on hand or in banks, stocks, bonds, and the like;

          d.  Liabilities; and

          e.  All business interests and financial connections.

     3. When to File

          a.  Within 30 days after assumption of office;

          b.  On or before April 30, of every year thereafter; and

          c.  Within 30 days after separation from the service.

          All public officials and employees required to file the aforestated documents shall also execute, within 30 days from the date of their assumption of office, the necessary authority in favor of the Ombudsman to obtain from all appropriate Government agencies, including the Bureau of Internal Revenue, such documents as may show their assets, liabilities, net worth, and also their business interests and financial connections in previous years, including, if possible, the year when they first assumed any office in the Government.

     4. Where to File - The Punong Barangay and members of the Sangguniang Barangay, including the Kabataang Barangay Chairman, shall file the sworn statement of assets, liabilities property holding and Disclosure of Business Interest and Financial Connections in the office of the Municipal or City Mayor concerned.