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 Integrity on paper→
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 Electronic online processing of payment→
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 Enhanced preparation of school MOOE liquidation ensures proper use of funds→
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.
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.