Featured Circular

17 Sep 2022

DBM Circular on Registration Fees (Trainings/Seminars) — NBC No. 563, s. 2016

Purpose The Department of Budget and Management issued National Budget Circular (NBC) No. 563 in 2016 to update the guidelines and the allowable cost of participation of government officials and employees in conventions, seminars, conferences, symposia, and other similar gatherings, prescribed under National Budget Circular (NBC) No. 442 dated March 29, 1992 and NBC No. 486 dated March 26, 2003. Applicability NBC No. 563 covers the following government sectors: 🙋‍♀️🙋 National Government Agencies (NGAs) 🙋‍♀️🙋 State Universities and Colleges (SUCs) 🙋‍♀️🙋 Government-owned or Controlled Corporations (GOCCs) 🙋‍♀️🙋 Local Government Units (LGUs) Key Provisions 💡 Government officials and employees may be...

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10 Sep 2022

Featured Circular — Guidelines on the Re-Order/Purchase of MDS Checks

Featured Circular What is this Circular for? Treasury Circular No. 01-2014 was issued by the Bureau of the Treasury (BTr) in 2014 to provide National Government Agencies (NGAs) with the guidelines in the re-order or purchase of Modified Disbursement System (MDS). What is Modified Disbursement System (MDS)?Modified Disbursement System (MDS) is a disbursement system implemented to facilitate effective cash management of the national government’s cash resources whereby NGAs/BTr for GOCCs and LGUs settle their payables either through the issuance of checks or direct credit to the bank account of the supplier/contractor/consultant, chargeable against the account of the Treasurer of the...

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17 Jul 2022

[Featured Circular] COA’s Circular on “One-Time Cleansing” of PPE accounts

Featured Circular The Commission on Audit (COA) issued COA Circular No. 2020-06 in CY 2020 to prescribe the guidelines on the following for the one-time cleansing of PPE account balances of government agencies: ☑️ conduct of physical count of property, plant and equipment; ☑️ recognition of PPE items found at station; and ☑️ disposition procedures for non-existing or missing PPE items. Why did COA issue this Circular? According to COA, the PPE accounts constitute a significant portion of the assets of the government, usually 50%. There exist an enormous amount of discrepancies in PPE account balances which result to inaccurate...

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