Schools have their annual allocation for their maintenance and other operating expenses. Most schools receive their quarterly allotment while some schools with big allocations receive their allotment bi-monthly. These funds are released to the school through downloading of the funds in their respective checking accounts.
Usually, the biggest chunk of the school’s fund is intended for the procurement of office and school supplies. These supplies are determined after the School Improvement Plan has been prepared and approved. Continue reading
Online processing is an automated way of uploading, updating and processing data consistently. It is very efficient and it produces complete and accurate data of reports. It runs an inventory report at any time of the day.
Information technology (IT) advancements have been at the center of a transformation in our work as we are required to use online system in paying Phil health, Pag-ibig, GSIS and BIR monthly remittances especially in the national agencies. Continue reading
The budget is one provision from where the school derives its existence. Not merely to exist but to function productively. The school’s Maintenance and Other Operating Expenses (MOOE) is downloaded to the school’s account for the management and disbursement of the school head. The division office tries to see to it that the annual allocation of each school is fully released by the end of the year. This is to ensure that the allocation will be fully utilized by the school for its purpose. Continue reading
Having a meaningful and well-considered accounting policies and procedures is a component of a strong financial management system for maintaining consistency across the accounting department and ensuring compliance with regulatory standards, especially for organizations that receive funding from government agencies.
Through the leadership of accountant Rhysa Cyle C. Rosalejos, Division of Malaybalay City conducted echo seminar on Salient Points of the Government Accounting Manual (GAM) May 5-6, at the Garden, Malaybalay City. Continue reading
Public funds should be monitored to ensure that it is spent and utilized appropriately and accurately. Hence, one of the programs contained in Division Strategic Plan and implemented in the Division of Malaybalay City is “Pera ng Bayan, Bantayan” which aims to strictly monitor the liquidation of cash advances.
In compliance with DepEd Region X-Northern Mindanao Memorandum no 104, s. 2014, a Regional Workshop on Reconciliation of Accounts and Preparation of CY 2014 Year End Financial Reports participated by all Division Accountants, Budget Officers Designate, Senior Bookkeeper of Implementing Units and other personnel in Budget and Finance Unit was conducted last January 11-17, 2015 held at Bethany Gardens, Ozamiz City.
Filipinos nowadays are vigilant in terms of how public officials and employees utilize public funds efficiently and effectively for the development of the people. Their increasing awareness prompted government to put up a mechanism that intends to minimize, if not stop, improper utilization of public funds.
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