GABOTAF

29 Mar 2023

Top 3 Reasons why DBM discontinued the submission of SPMR from government agencies

Reason 1: The SPMR does not provide detailed and complete overview of the absorptive capacity of agencies; Reason 2: The information in the SPMR are already present in the BFARs, except the computed budget utilization rates; and Reason 3: Agencies already submit their reports via the URS; hence, the information previously requested from agencies using the SPMR may already be accessed online. Learn more: https://bit.ly/42moAPW View Forum on Facebook Click this link to view the forum on our Official Facebook Page You may also view some more comments below. Post Views: 358

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20 Mar 2023

Forum — When is it appropriate to recognize Accounts Payable?

A GABOTAF member asked:Hello! May query lang ako. Once na naprepare na ang Obligation Request and Status at naapprove na ito, pwede na ba i-recognize ng accounting ang accounts payable neto lalo na sa mga malakihang contracts dahil naobligate mo na sya? thankyou! ☺️ (cai)View Forum on GABOTAF Facebook Page Best Possible Responses No. Goods should be delivered, inspected and accepted or services should be rendered before recognizing accounts payable./agarcia Hindi po. AP in the books of accounts should be due and demandable, meaning, goods/services should have been delivered and accepted/rendered already. Obligations NYDD are technically not yet AP./dleya View...

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16 Mar 2023

Top 3 Reasons why DBM discontinued the submission of SPMR

Beginning March 8, 2023, government agencies are no longer required to prepare and submit the Summary Performance Monitoring Report (SPMR), according to the Department of Budget and Management (DBM). The SPMR is a report required to be submitted to the DBM by all government agencies concerned every 10th of the following month, originally aimed at gathering quick or flash report regarding the agencies’ budget utilization rates as at a given period (i.e., as of the month). The SPMR is used by the DBM to facilitate evaluation of agency performance against their respective plans and targets. It was also envisioned to...

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