Semi-Expendable Properties

Purpose COA Circular No. 2022-004 was issued by the Commission on Audit (COA) to provide guidelines on the implementation of Section 23 of the General Provisions of Republic Act (RA) No. 11639 also known as the General Appropriations Act (GAA) for Fiscal Year (FY) 2022 relative to the increase in the capitalization threshold from 15,000.00 to P50,000.00. Applicability This Circular is applicable to the following government sectors: 💡 National Government Agencies (NGAs) 💡 Local Government Units (LGUs) 💡 Government Corporations (GCs) Important Points/Provisions 💡 Tangible items which meet the definition and recognition criteria of PPE but cost is below Fifty...