GABOTAF

Government Accountants, Budget Officers, Treasurers and Auditors’ Forum

Pwede bang yung Private Secretary ni Mayor ang pumirma ng P.O’s at DVs?

Q: Good day po. May situation po kami sa LGU ngaun involving delegated functions/ authority to sign for the Private Secretary kac nagretire na ang Admin namin. Halos lahat po kac ng D.V.’s and P.O.’s below 50k ang amount pirmado na ng PS namin kahit andito naman sa LGU ang mayor namin kaya nagdadalawang isip […]

Pwede bang yung Private Secretary ni Mayor ang pumirma ng P.O’s at DVs? Read More »

COA officially released the Handbook on the Financial Transactions of the Sangguniang Kabataan (SK)

The Commission on Audit (COA) officially released in its website the much awaited Handbook on the Financial Transactions of Sangguniang Kabataan (SK) in the various local government units in the Philippines, pursuant to COA Circular No. 2020-003 dated January 28, 2020. The Handbook provides the guidelines on the proper recording, reporting, and disbursement of SK

COA officially released the Handbook on the Financial Transactions of the Sangguniang Kabataan (SK) Read More »

What’s the remedy for employees with COA disallowances but have already retired and some transferred to other agencies?

Q: Hi GABOTAF, what should we do? COA has issued its COE in connection with their ND way back 2012 and they want us to withhold the salaries of the persons liable, however, some already has retired while others transferred to other agencies. What is our remedy for the COE? Answers | Comments

What’s the remedy for employees with COA disallowances but have already retired and some transferred to other agencies? Read More »

What is Financial Expense (FinEx)

Financial Expense (FinEx) is one (1) of the four (4) expenses classification in Philippine budgeting system. It refers to management supervision/trusteeship fees, interest expenses, guarantee fees, bank charges, commitment fees and other financial charges incurred in owning or borrowing an asset property. Source: Glossary of Terms, Department of Budget and Management

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