Tag: Reversion of Cash to the Bureau of Treasury

By Posted on Posted in Featured Articles, Government Procurement Tagged with , , ,
{"uid":"113BF76A-5D1C-4C95-83A1-76AEABF45F9C_1615912617541","source":"other","origin":"gallery"}

Any excess in the amount of authorized sources of funds for the payment of honoraria for successfully completed procurement projects shall be remitted by NGAs to the Bureau of the Treasury. In the case of GOCCs and LGUs, the same shall form part of their corporate or local government funds, respectively.

Read more ›

By Posted on Posted in Accounting 101 Tagged with , ,

[ad_1] COA says proceeds from the sale of bid documents and liquidated damages collected during the year should be remitted to the Bureau of the Treasury (BTr). It says in an audit report that “while government agencies can use 100 …

COA: Excess Collections From the Sale of Bidding Documents Should Be Remitted to the BTr Read more »

By Posted on Posted in Cash and Treasury Management Tagged with , ,

The checks issued by government agencies, particularly those drawing their funds from their Modified Disbursement System (MDS) account, maintained under the authorized government servicing banks such as the Land Bank of the Philippines (LBP), Development Bank of the Philippines (DBP) …

Validity/expiry of Checks issued by government agencies Read more »