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After the budget call from the DBM, the proposed budget of various agencies aresubmitted immediately to the Office of the President for review. FALSEThe various registries maintained by government entities primarily serve as internal control for controlling and monitoring the conformance of actual r...

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Af t ert hebudgetcal l f r om t heDBM,t hepr oposedbudgetofv ar i ousagenci esar e submi t t edi mmedi at el yt ot heOfficeoft hePr esi dentf orr evi ew.FALSE Thev ar i ousr egi st r i esmai nt ai nedbygov er nmentent i t i espr i mar i l yser v easi nt er nalcont r olf or c ont r ol l i ngandmoni t or i ngt hec onf or manceofact ualr es ul t swi t ht heappr ov edbudget . Separ at eac count i ngr ec or dsandbudgetr egi s t r i esar emai nt ai nedf oreac hf undcl ust er . Budgetdel i ber at i onsi nt heCongr es ss t ar ti nt heHous eofSenat e.FALSE

Thepr i nc i pl esi nt heGAM f orNGAsar es i mi l art ot hepr i nci pl esi nt hePFRs . Thev ar i ousr egi st r i esmai nt ai nedbygov er nmentent i t i espr i mar i l yser v easi nt er nalcont r olf or c ont r ol l i ngandmoni t or i ngt hec onf or manceofact ualr es ul t swi t ht heappr ov edbudget . Anent i t ypr epar esi t sbudgetbys i mpl yr ol l i ngov ert hebudgeti nt hepr ev i ousy earandadj us t i ng eac hl i nei t em by10% i nc r ementt or efl ec ti nfl at i on.Thi spr oces si sdes cr i bedasz er obas ed budget i ng.FALSE Respons i bi l i t yacc ount i nggr eat l yenhancesbudgetac count abi l i t ybecaus emanager sar e ev al uat edonl yi nt er msoft hecos t sorot herv ar i abl est hatt heyc ont r ol ,andt her ef or e,budget dev i at i onscanber eadi l yat t r i but edt ot hemanager saccount abl et her ef or . Theent r yt or ecor dt her ev er si onofunusedNCAatt heendoft heper i odi st heex actopposi t eof t heent r yus edt or ec or dt her ec ei ptofNCA. Bot ht heORSandRAODar eupdat edeac ht i meanobl i gat i oni si nc ur r ed,apay abl ei sr ec or ded f ort heobl i gat i oni ncur r ed,anddi s bur s ement sar emadet os et t l et her ec or dedpay abl es . Gov er nmentent i t i esandbus i nes sent i t i esus et het er m“ obl i gat i on”ort hephr as e“ i ncur r enc eof obl i gat i on”si mi l ar l y .FALSE Tec hni c al l y ,onl yt heJ our nal sandLedger sar econs i der edacc ount i ngr ec or ds ;Regi st r i esar e budgetr ec or ds . TheGAM f orNGAsi spr omul gat edbyt hePhi l i ppi nec ongr es sundert heaut hor i t yc onf er r edt oi t undert hePhi l i ppi neCons t i t ut i on.FALSE

Gover nmentent i t i esandbusi nessent i t i esuset het er m" obl i gat i on"ort hephr ase " i ncur r enceofobl i gat i on"si mi l ar l y .FALSE Thepr i nc i pl esus edi nt hefi nanc i alr epor t i ngofgov er nmentent i t i esar ev er yuni quet hatonl ya v er yf ewoft hes epr i nci pl esar esi mi l art ot hoset hatar eappl i edt obus i nes sent i t i es .F ALSE Whi c hoft hef ol l owi ngaccount si smos tl i k el yc r edi t edwhenagov er nmentent i t yr emi t si t s c ol l ec t i onst ot heNat i onalTr eas ur y ?Cash–Col l ect i ngOfficer s Agov er nmentent i t yr ecor dsat r ansac t i onbydebi t i nganac countwi t haRev i s edChar tof Account( RCA)Codet hats t ar t swi t h“ 1”andc r edi t i nganacc ountwi t hanRCACodet hats t ar t s wi t h“ 4. ”Thi st r ansac t i oni smos tl i k el yaconst r uct i v er emi t t anceoft ax eswi t hhel dt ot heBI R t hr oughTRAaconst r uct i ver emi t t anceoft axeswi t hhel dt ot heBI Rt hr oughTRA

Agov er nmentent i t yr emi t t i ngcol l ect i onst ot heBTrwi l ldebi tt hi sacc ountt or ec or dt he r emi t t ance.CashTr easur y/ AgencyDeposi t ,Regul ar Ent i t yA,agov er nmentent i t y ,r ecei v esnot i ceofi t s₱10M appr opr i at i onf ort hey ear .Thej our nal ent r yt or ecor dt hi sev enti sNoj our nalent r y. Recor di ngi nt heObl i gat i onReques tandSt at us( ORS)i smadewhenAl loft hese Whi c hoft hef ol l owi ngst at ement si si nc or r ec tr egar di ngt heGAM f orNGAs ?TheDBM account s f ort hecash,publ i cdebtandr el at edt r ansact i onsoft heNG

Ar r anget hef ol l owi ngs t epsi nt hebudgetpr ocessaccor di ngt ot hesequencet hatt hey appeari nt hebudgetc yc l e.I V,I ,V,I IandI I I 1.Al l ot ment 2.Di sbur sementaut hor i t y 3.Di sbur sement 4.Appr opr i at i on 5.I ncur r enceofobl i gat i on Whi c hoft hef ol l owi ngi snotc har gedwi t hgov er nmentac count i ngr es pons i bi l i t yundert heGAM f orNGAs ? House of Representative

Ar r anget hef ol l owi ngs t epsi nt hebudgetpr ocessaccor di ngt ot hesequencet hatt hey appeari nt hebudgetc yc l e.V,I I ,I V,IandI I I 1.Al l ot ment 2.Bi camer al del i ber at i ons 3.Budgetaccount abi l i t yr epor t s 4.Pr esi dent ’ senact mentoft heGAA 5.Budgethear i ngswi t ht heDBM Al egi sl at i onappr ovest heal l ocat i onofP200Bf undst os uppor tt heoper at i onsofEnt i t y A( agov er nmentagency )i nt hec ur r enty ear .Att hest ar toffir stquar t er ,Ent i t yA r ecei v esaut hor i zat i ont oi ncurobl i gat i onsf oramaxi mum amountofP90Bi nt hat quar t er .Ent i t yAext endshal foft hataut hor i zat i ont oi t sl oweroper at i nguni t s.Dur i ngt he quar t er ,Ent i t yAr ecei vesmont hl yaut hor i zat i ont odi sbur sef undsnott oex ceedP30B permont h.Ent i t yAext endshal foft hosemont hl yaut hor i zat i onst oi t sl oweroper at i ng uni t s .Att heendoft hequar t er ,t ot alobl i gat i onsi ncur r edamount edt oP80Bwhi l et ot al di sbur sement samount edt oP70B. I nEnt i t yA’ sfir stquar t erSt at ementofAppr opr i at i ons,Al l ot ment s ,Obl i gat i ons, Di sbur s ement sandBal ances,howmuchi sshownas“ unpai dobl i gat i ons” ?P10B Whati st hel egal basi soft heCOAi npr omul gat i ngt heGAM f orNGAs ?

Article IX-D, Section 2 par. (2) of the 1987 Constitution of the Republic of the Philippines

Accor di ngt ot heGAM f orNGAs ,t hes eas s et sar et hosewhi c hhav ehi s t or i c al ,c ul t ur aland env i r onment als i gni fic ance,andar ei nt endedt obepr es er v edf orf ut ur egener at i ons .Her i t age asset s Respons i bi l i t yacc ount i ngr equi r esal loft hef ol l owi ngex c ept a.Separ at ebooksofaccount st osegr egat econt r ol l abl eandnoncont r ol l abl ecost s b.I dent i fi c at i onofr es pons i bi l i t yc ent er s c .Di s t i nct i onbet weencont r ol l abl eandnoncont r ol l abl ecos t s d.Codi ngs t r uc t ur ef orr es ponsi bi l i t yc ent er s Ent i t yA,agov er nmentent i t y ,hasanunusedNCAof₱50, 000att heendoft hec ur r enty ear .The ent r yt or ecor dt her ev er s i onofunus edNCAi s Subsi dyf r om Nat i onalGov er nment CashModi fi edDi sbur sement Sy s t em ( MDS) ,Regul ar

I ti sapar t ,segment ,uni torf unct i onofagov er nmentagency ,headedbyamanager , whoi saccount abl ef oraspeci fieds etofact i vi t i es. a.Responsi bi l i t yAccount i ng b.Responsi bi l i t yCent er c.BudgetCent er d.Cal l Cent er I nt hefi nanci al r epor t i ngs y st em oft henat i onalgover nment ,t owhi choft hef ol l owi ng shal l anent i t yr econci l esi t scashr ecor ds ? a.Commi ss i ononAudi t b.Bur eauofTr easur y c.Depar t mentofBudgetandManagement d.Officeoft hePr esi dent Whi choft hef ol l owi ngappr oachest obudgetpr epar at i onpr ovi dest hebesti nt er nal cont r ol ? a.I ncr ement albudget i ng b.Zer osum budget i ng c.Topdownbudget i ng d.Zer obasedbudget i ng

I ti st heex pendi t ur eaut hor i t yder i v edf r om appr opr i at i onl aws ,gov er nmentor di nances ,and ot herdec i s i onsr el at edt ot heant i c i pat edr ev enueorr ec ei pt sf ort hebudget ar yper i odAppr oved Budget

Al egi sl at i onappr ovest heal l ocat i onofP200Bf undst os uppor tt heoper at i onsofEnt i t y A( agov er nmentagency )i nt hec ur r enty ear .Att hest ar toffir stquar t er ,Ent i t yA r ecei v esaut hor i zat i ont oi ncurobl i gat i onsf oramaxi mum amountofP90Bi nt hat quar t er .Ent i t yAext endshal foft hataut hor i zat i ont oi t sl oweroper at i nguni t s.Dur i ngt he quar t er ,Ent i t yAr ecei vesmont hl yaut hor i zat i ont odi sbur sef undsnott oex ceedP30B permont h.Ent i t yAext endshal foft hosemont hl yaut hor i zat i onst oi t sl oweroper at i ng uni t s .Att heendoft hequar t er ,t ot alobl i gat i onsi ncur r edamount edt oP80Bwhi l et ot al di sbur sement samount edt oP70B. The90Baut hor i z at i oni sr ef er r edt oasAl l ot ment UnderGAM,whi c hoft hef ol l owi ngi snotaFi nanc i al St at ementTi t l e ? Statement of

Comparison of Budget and Actual Amounts Whi c hoft hef ol l owi ngGOCCsandGFI si sc l as s i fi edasGBEs ?Wat erDi st r i ct s Theent r yt ocl os et he“ CashT r eas ur y / Agenc yDeposi t ,Regul ar ”acc ountatt heendoft he per i odi s Accumul at edSur pl us/ ( Defici t ) CashTr easur y/ AgencyDeposi t , Regul ar

Ent i t yA,agov er nmentent i t y ,r ecei v esi t sNot i ceofCashAl l ocat i onamount i ngt o₱5, 000, 000f or t hey ear .Thej our nalent r yt or ec or dt hi sev enti s CashModi fiedDi sbur sementSyst em ( MDS) ,Regul ar Subsi dyf r om Nat i onalGover nment

Al egi sl at i onappr ovest heal l ocat i onofP200Bf undst os uppor tt heoper at i onsofEnt i t y A( agov er nmentagency )i nt hec ur r enty ear .Att hest ar toffir stquar t er ,Ent i t yA r ecei v esaut hor i zat i ont oi ncurobl i gat i onsf oramaxi mum amountofP90Bi nt hat quar t er .Ent i t yAext endshal foft hataut hor i zat i ont oi t sl oweroper at i nguni t s.Dur i ngt he quar t er ,Ent i t yAr ecei vesmont hl yaut hor i zat i ont odi sbur sef undsnott oex ceedP30B permont h.Ent i t yAext endshal foft hosemont hl yaut hor i zat i onst oi t sl oweroper at i ng uni t s .Att heendoft hequar t er ,t ot alobl i gat i onsi ncur r edamount edt oP80Bwhi l et ot al di sbur sement samount edt oP70B. I nEnt i t yA’ sfir stquar t erSt at ementofAppr opr i at i ons,Al l ot ment s,Obl i gat i ons, Di sbur s ement sandBal ances,howmuchi sshownas“ unobl i gat edal l ot ment s” ?P10B Thes t at ementofmanagementr es pons i bi l i t yf orfi nanci al st at ement sat t ac hedt oagov er nment agenc y’ sc ombi nedfi nanci al st at ement s( oper at i nguni t s ,r egi onal offices ,andmai noffic e)

woul dmos tl i k el ybedat ednotl at ert hanFebr uar y14oft heyearf ol l owi ngt her epor t i ng per i od. Whi c hoft hef ol l owi ngi s( ar e)affect edwhenagov er nmentent i t yi nc ur sobl i gat i ons ?

ORS and RAOD Howdoesgov er nmentac count i ngdi fferf r om t heac count i ngf orbusi nessent i t i es ? Gover nmentaccount i ngpl acesgr eat eremphasi sonsour cesandut i l i zat i onoff undsi n accor dancewi t ht hel aw andmanagement ' sst ewar dshi povergover nmentr esour ces ent r ust edt ot heent i t y .

Al egi sl at i onappr ovest heal l ocat i onofP200Bf undst os uppor tt heoper at i onsofEnt i t y A( agov er nmentagency )i nt hec ur r enty ear .Att hest ar toffir stquar t er ,Ent i t yA r ecei v esaut hor i zat i ont oi ncurobl i gat i onsf oramaxi mum amountofP90Bi nt hat quar t er .Ent i t yAext endshal foft hataut hor i zat i ont oi t sl oweroper at i nguni t s.Dur i ngt he quar t er ,Ent i t yAr ecei vesmont hl yaut hor i zat i ont odi sbur sef undsnott oex ceedP30B permont h.Ent i t yAext endshal foft hosemont hl yaut hor i zat i onst oi t sl oweroper at i ng uni t s .Att heendoft hequar t er ,t ot alobl i gat i onsi ncur r edamount edt oP80Bwhi l et ot al di sbur sement samount edt oP70B. I nEnt i t yA’ sfir stquar t erSt at ementofAppr opr i at i ons,Al l ot ment s,Obl i gat i ons, Di sbur s ement sandBal ances,howmuchi sshownas“ unr el easedappr opr i at i ons” ? P110B Whi choft hef ol l owi ngwoul dmostl i kel ycomesl asti nt hebudgetpr ocess ? a.Budgetaccount abi l i t yr epor t s b.Al l ot ment c.Di sbur sement s d.Per f or mancer evi ew Whi c hoft hef ol l owi ngst at ement sbes tdi ffer ent i at est hegov er nmentacc ount i ngpr oces sf r om t heacc ount i ngpr oces sofabusi nessent i t y ?Thegover nmentaccount i ngpr ocessi ssi mi l art o t hatofabusi nessent i t y ,exceptt hati ti ncor por at esbudget ar ycont r ol s,suchasr ecor di ngi n t hebudgetr egi st r i esandpr epar i ngper i odi cbudgetaccount abi l i t yr epor t s....