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| Collection of Income |
| Disbursements |
| Short Term Investments |
| Custodian of Cash |
| Cashiering Accountability |
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Collection of Income |
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Sources of Income |
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| National Government Subsidy | ||
| Tuition Fees of Students | ||
| Sales of Goods and Services | ||
| Operation of Physical Facilities | ||
| Land Grants and Extension Services | ||
| Trust Receipts | ||
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| Official receipt must be issued immediately | ||
| Collection must be deposited intact to the authorized depository bank | ||
| Collection must not be used for payment of expenditures | ||
| The Agency Head is responsible for the accounting of all income | ||
| Cash collection is subject to frequent random audit by the COA | ||
| The persons authorized to collect must render cash reports | ||
| The persons authorized to collect must maintain a cash book | ||
| Persons whose cash accountability exceeds P 1,999 must be bonded | ||
| No new requisition of Official Receipt is allowed unless the previous requisition is already used up | ||
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Software Applications Laboratory C 2000 |
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Disbursement |
Rules and Regulations Governing payment of University Obligations |
| Payment of Salaries |
| Payment of Supplies, Materials, Equipment and Construction |
| Reports and Records of Disbursements |
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Software Applications Laboratory C 2000 |
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SHORT-TERM INVESTMENTS |
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By virtue of Executive Order No. 714, the University was granted the authority to manage and control its affairs specifically those pertaining to fiscal matters. The University is allowed to keep/deposit its income in a bank account maintained at PNB, instead of depositing it at the Bureau of the Treasury. The DBM remits to U.P. cash allocations on a quarterly basis, thus, giving the University the opportunity to invest temporarily unused portions of its cash budget on higher-yielding secured investment/placement at the authorized government deposity bank. |
The interest earned on investment is used as follows: |
| 20% is set aside for the purpose of increasing capital for investment. |
| 80% can be spent as authorized by the Board of Regents. |
| Some of the uses are as follows: |
| Faculty Development |
| Honoraria/Allowances |
| Financial Benefits |
| MOE Augmentation |
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Software Applications Laboratory C 2000 |
Custodian of Cash |
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Cash Office remits cash to autonomous campuses. This is done through direct issuance of funding checks or through telegraphic transfer. |
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Software Applications Laboratory C 2000 |
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Cashiering Accountability |
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Software Applications Laboratory C 2000 |
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