Baguio City Mayor Mauricio Domogan vowed that the city government and the organizers of the Panagbenga Festival will be transparent in all their transactions to quench doubts about possible anomalies in the annual event.
The Baguio politiko said the Baguio Flower Festival Foundation, Inc. (BFFFI) will submit a comprehensive financial report on its expenses and income.
“We had always been emphasizing the need for transparency in all the transactions being entered by the foundation relative to the staging of the festival,” Domogan said.
He also said Baguio Blooms Exhibitions and Expositions and the Session Road in Bloom will be required to submit their financial reports as well.
“The formula is simple, income from income-generating activities and sponsors minus expenses, including subsidies and cash prizes, equals net income and where the portions of the income will be used for the group’s corporate social responsibility projects,” he added.