Coa C2015-002

REPUBLIC OF THE PHILIPPINES
COMMISSION ON AUDIT
Commonwealth Avenue, Quezon City, Philippines
CIRCULAR No. : 2015-002

Date: MAR 0 9 2015
T0 : All Heads of Departments, Bureaus, Offices, Agencies and Instrumentalities

of National Government Agencies, Managing Heads of Government-Owned
and/or Controlled Corporation, Heads of Financial Management
Services/Comptrollership Departments, Heads of Accounting Units; Heads of
Budget Units; COA Assistant Commissioners, COA Directors, COA Auditors,
and All Others Concerned.
SUBJECT: Supplementary guidelines on the preparation of financial statements and

other financial reports, the transitional provisions on the implementation of
the Philippine Public Sector Accounting Standards, and the coding structure
1.0 RATIONALE/PURPOSE
The Unified Accounts Code Structure (UACS), a government-wide coding

framework that provides a harmonized budgetary and accounting code classification,
took effect on January 1, 2014. This was jointly developed by the Department of
Budget and Management (DBM), Commission on Audit (COA), Department of Finance
(DOE) and Bureau of the Treasury (BTr) and was prescribed under COA-DBM-DOF Joint
Circular No. 2013 - 1 dated August 6, 2013.
The account codes in the Revised Chart of Accounts for National Government
Agencies prescribed under COA Circular No. 2013-002 dated January 30, 2013, as
amended by COA Circular No. 2014-003 dated April 15, 2014, were adopted as an
integral part of the UACS or the object codes.
COA Resolution No. 2014-003 dated14n ary 24, 2014 prescribed the adoption
of 25 Philippine Public Sector Accounting Standards (PPSASs) effective January 1,
2014. These PPSASs were based on International Public Sector Accounting Standards
(IPSASs) which were published in the 2012 Handbook of International Public Sector
Accounting Pronouncements of the International Public Sector Accounting Standards
Board. Each IPSAS provides transitional guidelines on the proper implementation of
the IPSASs.
In view of these developments, there is a need to issue this Circular to
prescribe the guidelines on the:
1.1 preparation of the financial statements and other related financial reports
required for submission to COA and other oversight agencies for the reporting
period ending December 31, 2014 and onwards;
1.2 coding structure to be used for CY 2014 financial statements in accordance with
the UACS; and
1.3 implementation of the PPSASs in accordance with the IPSASs transitional

provisions.
2.0 COVERAGE
This Circular covers public sector entities, such as, the National Government
Agencies (NGAs) and Government-Owned and/or Controlled Corporations (GOCCs)
maintaining Special Accounts in the General Fund (SAGF). GOCCs not maintaining
SAGF and Local Government Units (LGUs) shall be covered by separate guidelines.
3.0 DEFINITIONS
For the purpose of this Circular, the following terms shall be construed to
mean as follows:
3.1 Entities refer to NGAs and GOCCs maintaining SAGF. These may be a group of
NGAs and GOCCs combined as a single entity (e.g. central and regional offices
including their operating units)
3.2 NGAs refers to the various units of the Government, including a department,
bureau, office and instrumentality.
3.3 GOCCs - refers to any agency organ s a stock or nonstock corporation,

vested with functions relating to public needs whether governmental or
proprietary in nature, and owned by the Government of the Republic of the
Philippines directly or through its instrumentalities either wholly or, where
applicable as in the case of stock corporations, to the extent of at least a
majority of its outstanding capital stock.
3.4 Fund cluster refers to an accounting entity (similar to a bank account) for
recording expenditures and revenues associated with a specific activity for which
accounting records are maintained and periodic financial reports are prepared.
4.0 GENERAL GUIDELINES
4.1 The components of the financial statements, pursuant to PPSAS 1, are as follows:
a. Statement of Financial Position (Annexes A and Al)

b. Statement of Financial Performance (Annexes B and B1)
c. Statement of Cash Flows (Annexes C and C1)
d. Statement of Changes in Net Assets/Equity (Annex D)
e. Statement of Comparison of Budget and Actual Amounts(Annex E)
f. Notes to Financial Statements comprising a summary of significant
accounting policies and other explanatory notes
4.2 For the purpose of preparing the Annual Financial Report (AFR) and the annual
audit reports (AARs) for CY 2014, all NGAs shall submit to the COA Auditors and
the Government Accountancy Sector (GAS), COA, the detailed financial
statements and trial balances consolidated by fund cluster as follows:
a. Regular Agency Fund

b. Foreign Assisted Projects Fund
c. Special Accounts - Locally Funded/Domestic Grants Fund
d. Special Accounts - Foreign Assisted/Foreign Grants Fund
e. Internally Generated Funds
f. Business Related Funds
g. Trust Receipts/Inter-Agency Transferred Funds (IATF)
4.3 NGAs are required to upload the soft copies of the above required financial
statements at the COA website (www.coa.gov.ph)
4.4 GOCCs, such as NTA and PCA, shall submit to the COA Auditors and the
Government Accountancy Sector (GAS), COA, the trial balances and financial
statements stated in 4.2 of the SAGF as required by law, and upload the soft
copies of the same at the COA website.
4.5 The Budget and Financial Accountability ts (BEARs) prescribed under COA
DBM Joint Circular No. 2014-1 dated July 2, 2014 shall also be submitted to the
GAS, COA and Agency's COA Auditor, in addition to the financial statements and
reports stated in 4.1 and 4.2.
4.6 The NGAs, including the NTA and PCA, are likewise required to upload the BFARs
at the COA website following the deadlines prescribed in the COA-DBIVI Joint
Circular No. 2014-1 dated July 2, 2014.
4.7 The fund clusters and fund codes as prescribed in the UACS Manual per DBM-
COA-DOF Joint Circular No. 2013-1, as amended by DBM-COA-DOF Joint Circular
No. 2014-1 dated November 7, 2014, shall be used.
4,8 Upon the effectivity of this Circular, the following revised forms and registries
shall be used/maintained by the NGAs, including the NTA and PCA for their SAGF,
to facilitate the monitoring of budget information and the preparation of the
budget and accounting reports,:
a. Obligation Request and Status (ORS)

b. Budget Utilization Request and Status (BURS)
c. Registry of Revenue and Other Receipts (RROR)
d. Registry of Appropriations and Allotments (RAPAL)
e. Registry of Allotments, Obligations and Disbursements (RAOD)
f. Registry of Budget, Utilization and Disbursements (RBUD)
4.9 The guidelines on the implementation of PPSAS transitional provisions under

paragraphs 6.18 to 6.1m shall be implemented.
5.0 SPECIFIC GUIDELINES
5.1 All NGAs shall prepare and submit for the CY 2014 one set of financial statements
for all funds (combined all funds) as enumerated in paragraph 4.1 as their general
purpose financial statements.
5.2 The NTA and PCA shall submit the financial statements of the SAGF as stated
paragraph 4.4.
5.3 The Statement of Management Responsibility (Appendix A) shall be attached to

the financial statements.
5.4 To serve as guide to preparers of financial statements, a basic model or pro-forma

Notes to Financial Statements shall be included in the Government Accounting
Manual (GAM).
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5.5 The guidelines in the submission of the financial statements and trial balances
for the preparation of the CY 2014 AFR and annual audit reports are as follows:
a. All the financial statements, except the Notes to Financial Statements, and
the trial balances shall be consolidated at the cluster level as follows:
1. Regular Agency Fund consisting of:
a. General Fund New General Appropriations

b. General Fund Continuing Appropriations
c. General Fund Supplemental Appropriations
d. General Fund Automatic Appropriations
e. General Fund Unprogrammed Funds
2. Foreign Assisted Projects Fund consisting of:

a. General Fund New General Appropriations
b. General Fund Continuing Appropriations
c. General Fund Unprogrammed Funds
3. Special Accounts - Locally Funded/Domestic Grants Fund
4. Special Accounts - Foreign Assisted/Foreign Grants Fund
5. Internally Generated Funds (Off-Budgetary Funds Retained

Income Funds)
6. Business Related Funds
7. Trust Receipts/Inter-Agenc nsferred Fund (IATF)

a. Receipts Deposited with the National Treasury other
than IATF
b. Receipts Deposited with Authorized Government
Depository Banks (AGDB)
b. Pursuant to Executive Order No. 292 series of 1987, instituting the 1987
Administrative Code, the financial statements and trial balances enumerated
in paragraph 4.1 shall be submitted to GAS, COA and the Agency's COA
Auditor on or before February 14, 2015. In addition, the printed copies of the
detailed financial statements (Annexes Al, B1 and C1) shall be submitted to
GAS, COA and electronic copies uploaded to the COA website.
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5.6 The following are the revised budget forms and registries to be used/maintained
by NGAs:
a. Obligation Request and Status (Annex F)
1. This form shall be used for:
a. Regular Agency Fund,

b. Foreign Assisted Projects Fund,
c. Special Accounts - Locally Funded/Domestic Grants Fund, and
d. Special Accounts - Foreign Assisted/Foreign Grants Fund.
2. The ORS shall be prepared by the Requesting/Originating Office based on

their approved budget allocation per General Appropriations Act (GAA)
and other budget laws/authority.
3. The Funding Source Code segmented by Fund Cluster, Fund

Authorization, Major Final Output, Program/Activity/Project, and Major
Programs/Projects shall be indicated on the face of the ORS using the
UACS Object Code.
4. Section C of the ORS shall serve as a subsidiary record for obligation to be

maintained by the Budget Unit. It shall contain the amounts of obligation,
actual disbursements/payments, and balances of due and demandable
obligations and not yet due and demandable obligations.
b. Budget Utilization Request and Status (Annex G)
1. This form shall be used for:
a. Special Accounts - Loca nded/Domestic Grants Fund, specifically

for income collections of agencies constituted as special accounts
b. Internally Generated Funds
c. Business Related Funds, and
d. Trust Receipts/IATF.
2. This shall be prepared by the Requesting/Originating Offices based on

their approved budget allocations for off budgetary and custodial funds.
3. Section C of the BURS shall serve as a subsidiary record for budget

utilization to be maintained by the Budget Unit. It shall contain the
amounts of budget utilizations, actual disbursements/payments, and
balances of due and demandable utilizations and not yet due and
demandable utilizations.
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c. Registry of Revenue and Other Receipts (Annex H, Hl-H4) - This shall be
kept by the Budget Unit of the entity and shall be maintained by fund cluster
as provided in paragraph 5.5.a.
d. Registry of Appropriations and Allotments (Annex I) - This shall be

maintained to monitor the balance of unreleased appropriations for the
following funds:
1. Regular Agency Fund,

2. Foreign Assisted Projects Fund,
3. Special Accounts - Locally Funded/Domestic Grants Fund, and
4. Special Accounts - Foreign Assisted/Foreign Grants Fund.
e. Registry of Allotments, Obligations and Disbursements (Annex J) - This shall

be used to monitor the unobligated allotments and unpaid obligations (due
and demandable obligations and not yet due and demandable obligations)
for the following funds:
1. Regular Agency Fund,

2. Foreign Assisted Projects Fund,
3. Special Accounts - Locally Funded/Domestic Grants Fund, and
4. Special Accounts - Foreign Assisted/Foreign Grants Fund.
f. Registry of Budget, Utilization and Disbursements (Annex K) - This shall be

maintained to monitor the unutilized budget and unpaid utilizations (due and
demandable utilizations and not yet due and demandable utilizations) for the
following funds:
1. Special Accounts - Locally Fun. 44S Domestic Grants Fund, specifically for
income collections of agencies constituted as special accounts
2. Internally Generated Funds
3. Business Related Funds, and
4. Trust Receipts/IATF.
6.0 GUIDELINES ON THE IMPLEMENTATION OF PPSASs TRANSITIONAL PROVISIONS
6.1. The guidelines for the implementation of the PPSAS transitional provisions are as
follows:
a. Presentation of Financial Statements (PPSAS 1)
1. Considering the significant changes in the accounting policies as a result

of the first time adoption of the PPSAS in CY 2014, comparative
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information for CY 2013 and CY 2014 is not required. Thus, the CY 2014
financial statements shall reflect CY 2014 balances only. After CY 2014,
comparative information for the current and immediately preceding year
shall be reflected in the FS.
2. The effects of the changes in the accounting policies/estimates for all

accounts as result of the first time adoption of the PPSAS shall be
disclosed.
3. However, agencies may prepare comparative FS with proper disclosure, if

required for other purposes.
b. Borrowing Costs (PPSAS 5). The entity shall capitalize only those borrowing
costs incurred after January 1, 2014 that meets the criteria for capitalization.
c. Consolidated Financial Statements (PPSAS 6) and Interests in Joint Venture

(PPSAS 8). Entities with controlled entities or interest in joint ventures which
are required to prepare consolidated financial statements are allowed up to
three years from January 1, 2014 to fully eliminate the balances and
transactions between entities within the economic entity.
d. Leases (PPSAS 13)
1. Entities which have pre-existing leases shall determine whether these are
finance or operating leases.
2. The entity shall recognize a lease classified as a finance lease

retrospectively in accordance with PPSAS 3, Accounting Policies, Changes
in Accounting Estimates and Errors. Appropriate financial statement
presentation, disclosures and/or adjusting entries shall be
prepared/effected.
3. However, if an entity do t have the information necessary to apply

the amendments retrospectively, it shall:
a. Apply the amendments to those leases on the basis of the facts and
circumstances existing as of January 1, 2014; and
b. Recognize the asset and liability related to the lease classified as

finance lease at their fair values (FVs) on that date; any difference
between those FVs is recognized in accumulated surplus/(deficit).
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e. Investment Property (PPSAS 16)
1. The entity shall recognize the effect of the initial recognition of

investment property acquired before CY 2014 as an adjustment to the
opening balance of "Accumulated Surplus/(Deficit)" for CY 2014.
2. The entity shall also recognize the accumulated depreciation and

accumulated impairment losses that relate to the depreciable
investment property, as if it had always applied those accounting
policies.
3. If the investment property is an existing asset or was previously

recognized as asset of an entity other than investment property,
recomputation of the accumulated depreciation and carrying amount
shall be made before effecting the reclassification.
4. The estimated useful life and the estimated residual value used for
Property, Plant and Equipment (PPE) shall be applied to depreciable
investment property.
f. Property, Plant and Equipment (PPSAS 17)
1. Public Infrastructures
a. An entity shall recognize the cost and the related accumulated

depreciation and impairment losses of existing public infrastructure
assets based on the data in the Registry of Public Infrastructures
(RPIs) previously maintained under the NGAS and the estimated
useful life as may be determined by competent authority, if
practicable. The RPIs shall no longer be maintained.
b. If not practicable, thee IJlternative approach of depreciated

replacement cost approach may be used to determine the cost and
the accumulated depreciation. The Depreciated Replacement Cost
Approach is an approach used to determine the value in use of a
non-cash generating asset. Under this approach, the present value of
the remaining service potential of an asset is determined as the
depreciated replacement cost of the asset. The replacement cost of
an asset is the cost to replace the asset's gross service potential. This
cost is depreciated to reflect the asset in its used condition.
c. The estimated life of the public infrastructure assets shall be 20-40

years. Based on this life span, the entity shall prepare the specific
estimated useful life for each specific assets based on their
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experience, copy furnished the Agency COA Auditor and the
Government Accountancy Sector, COA.
d. The effect on the recognition of the public infrastructure assets shall

be applied retrospectively or directly to "Accumulated
Surplus/(Deficit)".
e. Starting January 1, 2014 an entity is allowed up to five years to fully

comply with the provisions of PPSAS 1.7.
2. PPE controlled but not owned by the entity
a. An entity shall, in accordance with PPSAS 17, recognize the cost and
the related accumulated depreciation and impairment losses of
existing PPE which were not previously recognized due to absence of
ownership/title based on contract, memorandum of agreements and
other reasons.
b. If no documents are available, an entity shall recognize the cost of

the PPE based on fair value as of: (a) the date of the acquisition, it
available, or (b) January 1, 2014, or (c) at the date the FV was
determined.
c. For PPE acquired in an exchange of asset, initial measurement shall

be applied prospectively or only to future transactions, as follows:
The cost of such an item of PPE is measured at FV unless (a) the

exchange transaction lacks commercial substance, or (b) the FV of
neither the asset received nor the asset given up is reliably
measurable.
The acquired item is me iftd in this way even if an entity cannot

immediately derecognize the asset given up.
If the acquired item is not measured at FV, its cost is measured at

the carrying amount of the asset given up.
3. The effect on the recognition of depreciation as a result of the change in

the estimated residual value to 5 per cent of the cost shall be applied
prospectively.
4. The estimated useful lives of PPE prescribed under COA Circular No.
2003-007 dated December 11, 2003, as amended, shall continue to be
used until revoked/amended.
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5. The accounting policy on tangible assets with serviceable life of more
than one year but small enough to be considered as PPE as provided
under COA Circular No. 2005-002 dated April 14, 2005, which revoked
the threshold of P10,000 for semi-expendable items, shall continue to
be applied until revoked/amended.
Provisions, Contingent Liabilities and Contingent Assets (PPSAS 19).
1. Entities shall adjust the opening balance of "Accumulated

Surplus/(Deficit)" for the Cy 2014 to recognize the provisions, if
applicable and practicable. If not practicable, this fact shall be disclosed in
the notes to financial statements.
h. Impairment of Cash and Non-Cash-Generating Assets (PPSAS 21 and

PPSAS 26).
1. The recognition of impairment and reversal of impairment shall he

applied prospectively.
i. Revenue from Non-Exchange Transactions (Taxes and Transfers) (PPSAS 23)
1. Revenue generating entities are not required to change their accounting

policies with respect to the recognition and measurement of taxation
revenue for reporting periods beginning on January 1, 2014 and five
years thereafter.
2. Entities are not required to change their accounting policies with respect
to the recognition and measurement of revenue from non exchange
transactions other than taxation revenue, for reporting periods beginning
on January 1, 2014 and three years thereafter.
3. Changes in accounting policies %espect to the recognition and

measurement of revenue from non-exchange transactions made before
the expiration of the five-year period permitted for taxation revenue, or
the three-year period permitted for revenue from non-exchange
transactions, other than taxation revenue, shall only be made to better
conform to the accounting policies prescribed in PPSAS 23. Entities may
change their accounting policies with respect to revenue from non-
exchange transactions on a class-by-class basis subject to the review and
approval of the Commission on Audit.
4. When an entity takes advantage of the above transitional provisions for

revenue from non-exchange transactions, that fact shall be disclosed. The
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entity shall also disclose (a) which classes of revenue from non-exchange
transactions are recognized in accordance with PPSAS 23, (b) those that
have been recognized under an accounting policy that is not consistent
with the requirements of PPSAS 23, and (c) the entity's progress towards
implementation of accounting policies that are consistent with PPSAS 23.
The entity shall disclose its plan for implementing accounting policies that
are consistent with PPSAS 23 in the Notes to Financial Statements.
5. When an entity takes advantage of the transitional provisions for a

second or subsequent reporting period, details of the classes of revenue
from non-exchange transactions previously recognized on another basis
but which are now recognized in accordance with PPSAS 23 shall be
disclosed.
j. Agriculture (PPSAS 27).
1. An entity shall recognize the effect of initial recognition of the biological

assets and the produce as an adjustment to the opening balance of
"Accumulated Surplus/(Deficit)" for the period ending December 31,
2014.
k. Financial Instruments (PPSAS 28, 29 and 30).
2. An entity shall apply the transitional provisions in PPSAS 28, 29 and 30,
unless impracticable.
I. Intangible Assets (PPSAS 31)
1. An entity shall apply PPSAS 31 prospectively.
2. Where prior to January 1, 2014, ng computer software were

recognized as part of PPE and the carrying amount of which can be
determined separately from those of the PPE, these shall be recognized
as intangible assets. The carrying amount as of January 1, 2014 shall he
used in initial recognition. Those that cannot be determined separately
shall continue to be recognized as PPE.
m. Service Concession Arrangements: Grantor (PPSAS 32). A grantor

(government entity) with existing service concession arrangements as of
December 31, 2014 shall recognize and measure service concession assets
and the related liabilities in accordance PPSAS 32 from the effectivity of the
agreement.
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7,0 Saving Clause
Procedural issues and other matters not covered in this Circular shall be
covered by supplemental issuances and/or shall be referred to the Government
Accountancy Sector of the Commission on Audit for resolution.
8.0 REPEALING CLAUSE
All circulars, memoranda and other issuances or parts thereof which are
inconsistent with the provisions of this Circular are hereby rescinded/
repealed/modified accordingly.
9.0 EFFECTIVE DATE
This Circular shall take effect immediately.
MENDOZA
Commissioner
Officer-in-Charge
JOS A IA
Commiss oner
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Annex A
(NAME OF THE ENTITY)

STATEMENT OF FINANCIAL POSITION
(ALL FUNDS OR NAME OF FUND)
AS OF DECEMBER 31, 2014
Note Amount
ASSETS
Current Assets
Cash and Cash Equivalents 6 xxx
Receivables 8 xxx
Inventories 9 xxx
Investments 7 xxx
Other Current Assets 14 xxx
Total Current Assets xxx
Non - Current Assets

Investments 7 xxx
Investment Property 10 xxx
Property, Plant and Equipment 11 xxx
Biological Assets 12 xxx
Intangible Assets 13 xxx
Other Non-Current Assets 14 xxx
Total Non-Current Assets xxx
Total Assets xxx
LIABILITIES
Current Liabilities
Financial Liabilities 19 xxx
Inter-Agency Payables e icy 20 xxx
Intra-Agency Payables 21 xxx
Trust Liabilities 22 xxx
Deferred Credits/Unearned Incom 23 xxx
Provisions xxx
Other Payables xxx
Total Current Liabilities xxx
Non- Current Liabilities

Financial Liabilities 24 xxx
Trust Liabilities 25 xxx
Deferred Credits/Unearned Income 26 xxx
Provisions 27 xxx
Other Payables
Total Non- Current Liabilities
Total Liabilities
NET ASSETS/EQUITY
Accumulated Surplus/(Deficit) 28
Total Net Assets/Equity
Total Liabilities and Net Assets/Equity
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Annex Al
ENTITY NAME
DETAILED STATEMENT OF FINANCIAL POSITION
Amount
ASSETS
Current Assets
Cash and Cash Equivalents
Cash on Hand
Cash - Collecting Officer
Petty Cash
Cash in Bank - Local Currency

Cash in Bank - Local Currency, Bangko Sentral Ng Pilipinas
Cash in Bank - Local Currency, Current Account
Cash in Bank - Local Currency, Savings Account
Cash in Bank - Local Currency, Time Deposits
Cash in Bank - Foreign Currency

Cash in Bank - Foreign Currency, Bangko Sentral Ng Pilipinas
Cash in Bank - Foreign Currency, Current Account
Cash in Bank - Foreign Currency, Savings Account
Cash in Bank - Foreign Currency, Time Deposits
Treasury/Agency Cash Accounts

Cash - Treasury/Agency Deposit, Regular
Cash - Treasury/Agency Deposit, Special Ac
Cash - Treasury/Agency Deposit, Trust
Cash - Modified Disbursement System (MD ) egular
Cash - Modified Disbursement System (MDS), Special Account
Cash - Modified Disbursement System (MDS), Trust
Cash - Tax Remittance Advice
Cash - Constructive Income Remittance
Cash Equivalents
Treasury Bills
Receivables
Loans and Receivable Accounts

Accounts Receivable
Allowance for Impairment - Accounts Receivable
Net Value - Accounts Receivable
Notes Receivable
Allowance for Impairment - Notes Receivable
Net Value - Notes Receivable
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ENTITY NAME
Loans Receivable - Government-Owned and/or Controlled Corporations

Allowance for Impairment - Loans Receivable - GOCCs
Net Value - Loans Receivable - GOCCs
Loans Receivable - Local Government Units
Allowance for Impairment - Loans Receivable - Local Government Units
Net Value - Loans Receivable - LGUs
Interests Receivable
Allowance for Impairment - Interests Receivable
Net Value - Interests Receivable
Dividends Receivable
Loans Receivable - Others
Allowance for Impairment - Loans Receivable - Others
Net Value - Loans Receivable - Others XXX
Lease Receivable
Operating Lease Receivable
Allowance for Impairment - Operating Lease Receivable
Net Value - Operating Lease Receivable
Finance Lease Receivable
Allowance for Impairment - Finance Lease Receivable
Net Value - Finance Lease Receivable
Inter-Agency Receivables
Due from National Government Agencies'
Due from Government-Owned and/or Contr I orporations
Due from Local Government Units
Due from Joint Venture
Intra-Agency Receivables xxx

Due from Central Office xxx
Due from Bureaus xxx
Due from Regional Offices tF~ xxx
Due from Operating Units xxx
Other Receivables xxx

Receivables - Disallowances/Charges XXX
Due from Officers and Employees xxx

Due from Non-Government Organizations/People's Organizations xxx
Other Receivables xxx
Allowance for Impairment - Other Receivables (xxx)
Net Value - Other Receivables xxx
Inventories
Inventory Held for Sale

Merchandise Inventory
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ENTITY NAME
Amount
Inventory Held for Distribution xxx
Food Supplies for Distribution
Welfare Goods for Distribution
Drugs and Medicines for Distribution
Medical, Dental and Laboratory Supplies for Distribution
Agricultural and Marine Supplies for Distribution
Agricultural Produce for Distribution
Textbooks and Instructional Materials for Distribution
Construction Materials for Distribution
Property and Equipment for Distribution
Other Supplies and Materials for Distribution
Inventory Held for Manufacturing

Raw Materials Inventory
Work-in-Process Inventory
Finished Goods Inventory
Inventory Held for Consumption

Office Supplies Inventory
Accountable Forms, Plates and Stickers Inventory
Non-Accountable Forms Inventory
Animal/Zoological Supplies Inventory
Food Supplies Inventory
Drugs and Medicines Inventory
Medical, Dental and Laboratory Supplies I
Fuel, Oil and Lubricants Inventory
Agricultural and Marine Supplies Inventory
Textbooks and Instructional Materials Inventory
Military, Police and Traffic Supplies Inventory
Chemical and Filtering Supplies Inventory
Construction Materials Inventory
Other Supplies and Materials Inventory
Investments
Financial Assets at Fair Value Through Surplus or Deficit

Financial Assets Held for Trading
Financial Assets Designated at Fair Value Through Surplus or Deficit
Derivative Financial Assets Held for Trading
Derivative Financial Assets Designated at Fair Value Through Surplus or Deficit
Financial Assets - Held to Maturity

Investments in Treasury Bills - Local
Allowance for Impairment - Investments in Treasury Bills - Local
Net Value - Investments in Treasury Bills - Local
Investments in Treasury Bills - Foreign
Allowance for Impairment - Investments in Treasury Bills - Foreign
Net Value - Investments in Treasury Bills - Foreign
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ENTITY NAME
Amount
Investments in Treasury Bonds - Local xxx
Allowance for Impairment - Investments in Treasury Bonds - Local (xxx)
Net Value - Investments in Treasury Bonds-Local xxx
Investments in Treasury Bonds - Foreign xxx
Allowance for Impairment - Investments in Treasury Bonds - Foreign (xxx)
Net Value - Investments in Treasury Bonds - Foreign xxx
Other Current Assets xxx
Advances
Advances for Operating Expenses
Advances for Payroll
Advances to Special Disbursing Officer
Advances to Officers and Employees
Prepayments
Advances to Contractors
Prepaid Rent
Prepaid Registration
Prepaid Interest
Prepaid Insurance
Other Prepayments .
Deposits
Deposit on Letters of Credi
Guaranty Deposits
Other Deposits
Total Current Assets xxx
Non - Current Assets
Investments
Financial Assets - Held to Maturity

Investments in Treasury Bonds-Local
Allowance for Impairment - Investments in Treasury Bonds - Local
Net Value - Investments in Treasury Bonds - Local
Investments in Treasury Bonds - Foreign
Allowance for Impairment - Investments in Treasury Bonds - Foreign
Net Value - Investments in Treasury Bonds - Foreign
Financial Assets - Others

Investments in Stocks
Investments in Bonds
Other Investments
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ENTITY NAME
Amount
Investments in GOCCs xxx
Investments in GOCCs xxx
Allowance for Impairment - Investments in GOCCs xxx
Net Value - Investments in GOCCs xxx
Investments in Joint Venture xxx

Investments in Joint Venture xxx
Allowance for Impairment - Investments in Joint Venture (xxx)
Net Value - Investments in Joint Venture xxx
Sinking Fund X)0(
Investment Property xxx
Land and Buildings

Investment Property, Land
Accumulated Impairment Losses - Investment Property, Land
Net Value
Investment Property, Buildings
Accumulated Depreciation - Investment Property, Buildings
Accumulated Impairment Losses - Investment Property, Buildings
Net Value
Property, Plant and Equipment
Land
Land
Accumulated Impairment Loss
Net Value
Land Improvements
Land Improvements, Aquaculture Structures
Accumulated Depreciation - Land Improvements, Aquaculture Structures
Accumulated Impairment Losses - Land Improvements, Aquaculture Structures
Net Value
Land Improvements, Reforestation Projects
Accumulated Impairment Losses - Land Improvements, Reforestation Projects
Net Value
Other Land Improvements
Accumulated Depreciation - Other Land Improvements
Accumulated Impairment Losses - Other Land Improvements
Net Value
Infrastructure Assets xxx

Road Networks xxx
Accumulated Depreciation - Road Networks (xxx)
Accumulated Impairment Losses - Road Networks (xxx)
Net Value xxx
19
ENTITY NAME
Amount
Flood Control Systems xxx
Accumulated Depreciation - Flood Control Systems (xxx)
Accumulated Impairment Losses - Flood Control Systems (xxx)
Net Value xxx
Sewer Systems xxx
Accumulated Depreciation - Sewer Systems (xxx)
Accumulated Impairment Losses - Sewer Systems (xxx)
Net Value xxx
Water Supply Systems xxx
Accumulated Depreciation - Water Supply Systems (xxx)
Accumulated Impairment Losses - Water Supply Systems (xxx)
Net Value xxx
Power Supply Systems xxx
Accumulated Depreciation - Power Supply Systems (xxx)
Accumulated Impairment Losses - Power Supply Systems (xxx)
Net Value xxx
Communication Networks xxx
Accumulated Depreciation - Communication Networks (xxx)
Accumulated Impairment Losses - Communication Networks (xxx)
Net Value xxx
Seaport Systems xxx
Accumulated Depreciation - Seaport Systems (xxx)
Accumulated Impairment Losses - Seaport Systems (xxx)
Net Value xxx
Airport Systems xxx
Accumulated Depreciation - Airport Systems (xxx)
Accumulated Impairment Losses - Airport Systems (xxx)
Net Value xxx
Parks, Plazas and Monuments xxx
Accumulated Depreciation - Parks, and Monuments (xxx)
Accumulated Impairment Losses - Par s, Plazas and Monuments (xxx)
Net Value xxx
Other Infrastructure Assets xxx
Accumulated Depreciation - Other Infrastructure Assets (xxx)
Accumulated Impairment Losses - Other Infrastructure Assets (xxx)
Net Value xxx
Buildings and Other Structures xxx

Buildings txxx
Accumulated Depreciation - Buildings (xxx)
Accumulated Impairment Losses - Buildings (xxx)
Net Value xxx
School Buildings xxx
Accumulated Depreciation - School Buildings (xxx)
Accumulated Impairment Losses - School Buildings (xxx)
Net Value xxx
20
ENTITY NAME
Amount
Hospitals and Health Centers xxx
Accumulated Depreciation - Hospitals and Health Centers (xxx)
Accumulated Impairment Losses - Hospitals and Health Centers (xxx)
Net Value xxx
Markets xxx
Accumulated Depreciation - Markets (xxx)
Accumulated Impairment Losses - Markets (xxx)
Net Value xxx
Slaughterhouses xxx
Accumulated Depreciation - Slaughterhouses (xxx)
Accumulated Impairment Losses- Slaughterhouses (xxx)
Net Value xxx
Hostels and Dormitories xxx
Accumulated Depreciation - Hostels and Dormitories (xxx)
Accumulated Impairment Losses - Hostels and Dormitories (xxx)
Net Value xxx
Other Structures xxx
Accumulated Depreciation - Other Structures (xxx)
Accumulated Impairment Losses - Other Structures (xxx)
Net Value xxx
Machinery and Equipment xxx

Machinery xxx
Accumulated Depreciation - Machinery (xxx)
Accumulated Impairment Losses - Machinery (xxx)
Net Value xxx
Office Equipment xxx
Accumulated Depreciation - Office Equi (xxx)
Accumulated Impairment Losses - Office q ipment (xxx)
Net Value xxx
Information and Communication Technology Equipment xxx
Accumulated Depreciation - Information and Communication Technology Equipment (xxx)
Accumulated Impairment Losses - Information and Communication Technology Equipment (xxx)
Net Value xxx
Agricultural and Forestry Equipment xxx
Accumulated Depreciation - Agricultural and Forestry Equipment (xxx)
Accumulated Impairment Losses - Agricultural and Forestry Equipment (xxx)
Net Value xxx
Marine and Fishery Equipment xxx
Accumulated Depreciation - Marine and Fishery Equipment (xxx)
Accumulated Impairment Losses - Marine and Fishery Equipment (xxx)
Net Value xxx
Airport Equipment xxx
Accumulated Depreciation - Airport Equipment (xxx)
Accumulated Impairment Losses - Airport Equipment (xxx)
Net Value xxx
21
ENTITY NAME
Amount
Communication Equipment xxx
Accumulated Depreciation - Communication Equipment (xxx)
Accumulated Impairment Losses - Communication Equipment (xxx)
Net Value xxx
Construction and Heavy Equipment xxx
Accumulated Depreciation - Construction and Heavy Equipment (xxx)
Accumulated Impairment Losses - Construction and Heavy Equipment (xxx)
Net Value xxx
Disaster Response and Rescue Equipment xxx
Accumulated Depreciation - Disaster Response and Rescue Equipment (xxx)
Accumulated Impairment Losses - Disaster Response and Rescue Equipment (xxx)
Net Value xxx
Military, Police and Security Equipment xxx
Accumulated Depreciation - Military, Police and Security Equipment (xxx)
Accumulated Impairment Losses - Military, Police and Security Equipment (xxx)
Net Value xxx
Medical Equipment xxx
Accumulated Depreciation - Medical Equipment (xxx)
Accumulated Impairment Losses - Medical Equipment (xxx)
Net Value xxx
Printing Equipment xxx
Accumulated Depreciation - Printing Equipment (xxx)
Accumulated Impairment Losses - Printing Equipment (xxx)
Net Value xxx
Sports Equipment xxx
Accumulated Depreciation - Sports Es ,Ire 1 -nt (xxx)
Accumulated Impairment Losses - Spo euipment (xxx)
Net Value xxx
Technical and Scientific Equipment xxx
Accumulated Depreciation - Technical and Scientific Equipment (xxx)
Accumulated Impairment Losses - Technical and Scientific Equipment (xxx)
Net Value xxx
Other Machinery and Equipment xxx
Accumulated Depreciation - Other Machinery and Equipment (xxx)
Accumulated Impairment Losses - Other Machinery' and Equipment (xxx)
Net Value xxx
Transportation Equipment xxx

Motor Vehicles xxx
Accumulated Depreciation - Motor Vehicles (xxx)
Accumulated Impairment Losses - Motor Vehicles (xxx)
Net Value xxx
Trains xxx
Accumulated Depreciation - Trains (xxx)
Accumulated Impairment Losses - Trains (xxx)
Net Value xxx
22
ENTITY NAME
Amount
Aircrafts and Aircrafts Ground Equipment xxx
Accumulated Depreciation - Aircrafts and Aircrafts Ground Equipment (xxx)
Accumulated Impairment Losses - Aircrafts and Aircrafts Ground Equipment (xxx)
Net Value xxx
Watercrafts xxx
Accumulated Depreciation - Watercrafts (xxx)
Accumulated Impairment Losses - Watercraft (xxx)
Net Value xxx
Other Transportation Equipment xxx
Accumulated Depreciation - Other Transportation Equipment (xxx)
Accumulated Impairment Losses - Other Transportation Equipment (xxx)
Net Value xxx
Furniture, Fixtures and Books

Furniture and Fixtures
Accumulated Depreciation - Furniture and Fixtures
Accumulated Impairment Losses - Furniture and Fixtures
Net Value
Books
Accumulated Depreciation - Books
Accumulated Impairment Losses - Books
Net Value
Leased Assets xxx

Leased Assets, Land , xxx
Leased Assets, Buildings and Other Str xxx
Accumulated Depreciation - Leased As uildings and Other Structures (xxx)
Accumulated Impairment Losses - Leased Assets, Buildings and Other Structures (xxx)
Net Value xxx
Leased Assets, Machinery and Equipment xxx
Accumulated Depreciation - Leased Assets, Machinery and Equipment (xxx)
Accumulated Impairment Losses - Leased Assets, Machinery and Equipment (xxx)
Net Value xxx
Leased Assets, Transportation Equipment xxx
Accumulated Depreciation - Leased Assets, Transportation Equipment (xxx)
Accumulated Impairment Losses - Leased Assets, Transportation Equipment (xxx)
Net Value xxx
Other Leased Assets xxx
Accumulated Depreciation - Other Leased Assets (xxx)
Accumulated Impairment Losses - Other Leased Assets (xxx)
Net Value k xxx
Leased Assets Improvements xxx

Leased Assets Improvements, Land xxx
Accumulated Depreciation - Leased Assets Improvements, Land (xxx)
Accumulated Impairment Losses - Leased Assets Improvements, Land (xxx)
Net Value xxx
23
ENTITY NAME
Amount
Leased Assets Improvements, Buildings xxx
Accumulated Depreciation - Leased Assets Improvements, Buildings (xxx)
Accumulated Impairment Losses - Leased Assets Improvements, Buildings (xxx)
Net Value xxx
Other Leased Assets Improvements xxx
Accumulated Depreciation - Other Leased Assets Improvements (xxx)
Accumulated Impairment Losses - Other Leased Assets Improvements (xxx)
Net Value xxx
Construction in Progress xxx

Construction in Progress - Land Improvements xxx
Construction in Progress - Infrastructure Assets xxx
Construction in Progress - Buildings and Other Structures xxx
Construction in Progress - Leased Assets xxx
Construction in Progress - Leased Assets Improvements xxx
Heritage Assets xxx

Historical Buildings xxx
Accumulated Depreciation - Historical Buildings (xxx)
Accumulated Impairment Losses - Historical Buildings (xxx)
Net Value xxx
Works of Arts and Archeological Specimens xxx
Accumulated Depreciation - Works of Arts and Archeological Specimens (xxx)
Accumulated Impairment Losses - Works of Arts and Archeological Specimens (xxx)
Net Value xxx
Other Heritage Assets xxx
Accumulated Depreciation - Other Herita ets (xxx)
Accumulated Impairment Losses - Otherririge Assets (xxx)
Net Value xxx
Service Concession Assets xxx

Service Concession - Road Networks xxx
Accumulated Depreciation - Service Concession - Road Networks (xxx)
Accumulated Impairment Losses -Service Concession - Road Networks (xxx)
Net Value xxx
Service Concession - Flood Control Systems xxx
Accumulated Depreciation - Service Concession - Flood Control Systems (xxx)
Accumulated Impairment Losses - Service Concession - Flood Control Systems (xxx)
Net Value xxx
Service Concession - Sewer Systems xxx
Accumulated Depreciation - Service Concession - Sewer Systems (xxx)
Accumulated Impairment Losses - Service Concession - Sewer Systems (xxx)
Net Value xxx
Service Concession - Water Supply Systems xxx
Accumulated Depreciation - Service Concession - Water Supply Systems (xxx)
Accumulated Impairment Losses - Service Concession - Water Supply Systems (xxx)
Net Value xxx
24
ENTITY NAME
Amount
Service Concession - Power Supply Systems xxx
Accumulated Depreciation - Service Concession - Power Supply Systems (xxx)
Accumulated Impairment Losses - Service Concession - Power Supply Systems (xxx)
Net Value xxx
Service Concession - Communication Networks xxx
Accumulated Depreciation - Service Concession - Communication Networks (xxx)
Accumulated Impairment Losses -Service Concession - Communication Networks (xxx)
Net Value xxx
Service Concession - Seaport Systems xxx
Accumulated Depreciation - Service Concession - Seaport Systems (xxx)
Accumulated Impairment Losses - Service Concession - Seaport Systems (xxx)
Net Value xxx
Service Concession - Airport Systems xxx
Accumulated Depreciation - Service Concession - Airport Systems (xxx)
Accumulated Impairment Losses - Service Concession - Airport Systems (xxx)
Net Value xxx
Service Concession - Parks, Plazas and Monuments xxx
Accumulated Depreciation - Service Concession - Parks, Plazas and Monuments (xxx)
Accumulated Impairment Losses - Service Concession - Parks, Plazas and Monuments (xxx)
Net Value xxx
Other Service Concession Assets xxx
Accumulated Depreciation - Other Service Concession Assets (xxx)
Accumulated Impairment Losses - Other Service Concession Assets (xxx)
Net Value xxx
Other Property, Plant and Equipment xxx

Work/Zoo Animals xxx
Accumulated Depreciation - Work/Zoo Animals (xxx)
Accumulated Impairment Losses - rk/Zoo Animals (xxx)
Net Value xxx
Other Property, Plant and E t xxx
Accumulated Depreciation - Ot r roperty, Plant and Equipment (xxx)
Accumulated Impairment Losses - Other Property, Plant and Equipment (xxx)
Net Value xxx
Biological Assets
Bearer Biological Assets

Breeding Stocks
Accumulated Impairment Losses - Breeding Stocks
Net Value
Livestock
Accumulated Impairment Losses - Livestock
Net Value
Trees, Plants and Crops
Accumulated Impairment Losses - Trees, Plants and Crops
Net Value
25
ENTITY NAME
Amount
Aquaculture xxx
Accumulated Impairment Losses - Aquaculture (xxx)
Net Value xxx
Other Bearer Biological Assets xxx
Accumulated Impairment Losses - Other Bearer Biological Assets xxx
Net Value xxx
Consumable Biological Assets xxx

Livestock Held for Consumption/Sale/Distribution xxx
Accumulated Impairment Losses - Livestock Held for Consumption/Sale/Distribution (xxx)
Net Value xxx
Trees, Plants and Crops Held for Consumption/Sale/Distribution xxx
Accumulated Impairment Losses - Trees, Plants and Crops Held for Consumption/Sale/Distribution (xxx)
Net Value xxx
Agricultural Produce Held for Consumption/Sale/Distribution xxx
Accumulated Impairment Losses - Agricultural Produce Held for Consumption/Sale/Distribution (xxx)
Net Value xxx
Aquaculture xxx
Accumulated Impairment Losses - Aquaculture (xxx)
Net Value xxx
Other Consumable Biological Assets xxx
Accumulated Impairment Losses - Other Consumable Biological Assets (xxx)
Net Value xxx
Intangible Assets xxx

Intangible Assets xxx
Patents/Copyrights xxx
Accumulated Amortization - Patents/Copyrights (xxx)
Net Value xxx
Computer Software xxx
Accumulated Amortization - Com ftware (xxx)
Net Value xxx
Other Intangible Assets xxx
Accumulated Amortization - Other Intangible Assets (xxx)
Net Value xxx
Other Non-Current Assets xxx

Acquired Assets xxx
Accumulated Impairment Losses - Acquired Assets (xxx)
Net Value xxx
Foreclosed Property/Assets xxx
Accumulated Impairment Losses - Foreclosed Property/Assets (xxx)
Net Value xxx
Forfeited Property/Assets xxx
Accumulated Impairment Losses - Forfeited Property/Assets (xxx)
Net Value xxx
26
ENTITY NAME
Amount
Confiscated Property/Assets xxx
Accumulated Impairment Losses - Confiscated Property/Assets (xxx)
Net Value xxx
Abandoned/Surrendered Property/Assets xxx
Accumulated Impairment Losses - Abandoned/Surrendered Property/Assets (xxx)
Net Value xxx
Other Assets xxx
Accumulated Impairment Losses - Other Assets (xxx)
Net Value xxx
Prepayments
Advances to Contractors
Prepaid Rent
Prepaid Registration
Prepaid Interest
Prepaid Insurance
Other Prepayments
Deposits
Deposit on Letters of Credit
Guaranty Deposits
Other Deposits
Total Non-Current Assets
TOTAL ASSETS
LIABILITIES AND NET ASSETS/EQUITY
Liabilities
Current Liabilities
Financial Liabilities xxx
Payables xxx
Accounts Payable
Due to Officers and Employees
Internal Revenue Allotment Payable
Notes Payable
Interest Payable
Operating Lease Payable
Finance Lease Payable
Awards and Rewards Payable
Service Concession Arrangements Payable
27
ENTITY NAME
Amount
Bills/Bonds/Loans Payable xxx
Treasury Bills Payable xxx
Bonds Payable - Domestic xxx
Discount on Bonds Payable - Domestic xxx
Premium on Bonds Payable - Domestic xxx
Bonds Payable - Foreign xxx
Discount on Bonds Payable - Foreign (xxx)
Premium on Bonds Payable - Foreign xxx
Loans Payable - Domestic xxx
Loans Payable - Foreign xxx
Trust Liabilities xxx

Bail Bonds Payable xxx
Guaranty/Security Deposits Payable xxx
Customers' Deposits Payable xxx
Other Payables xxx
Inter-Agency Payables xxx

Due to BIR xxx
Due to GSIS xxx
Due to Pag-IBIG xxx
Due to PhilHealth xxx
Due to NGAs xxx
Due to GOCCs xxx
Due to LGUs xxx
Due to Joint Venture xxx
Infra-Agency Payables xxx

Due to Central Office xxx
Due to Bureaus xxx
Due to Regional Offices xxx
Due to Operating Units xxx

Trust Liabilities - Disaster Risk Reduction and Management Fund xxx
Deferred Credits/Unearned Income xxx

Deferred Finance Lease Revenue xxx
Other Deferred Credits xxx
Unearned Revenue - Investment Property xxx
Other Unearned Revenue xxx
Provisions xxx
Pension Benefits Payable xxx
Leave Benefits Payable xxx
Retirement Gratuity Payable xxx
Other Provisions xxx
28
ENTITY NAME
Amount
Other Payables xxx
Total Current Liabilities xxx
Non- Current Liabilities
Financial Liabilities
Payables
Notes Payable
Finance Lease Payable
Service Concession Arrangements Payable
Bills/Bonds/Loans Payable
Treasury Bills Payable
Bonds Payable - Domestic
Discount on Bonds Payable - Domestic
Premium on Bonds Payable - Domestic
Net Value
Bonds Payable - Foreign
Discount on Bonds Payable - Foreign
Premium on Bonds Payable - Foreign
Net Value
Loans Payable - Domestic
Loans Payable - Foreign
Trust Liabilities
Bail Bonds Payable
Guaranty/Security Deposits Payable
Customers' Deposits Payable
Other Payables
Trust Liabilities
Trust Liabilities
Trust Liabilities - Disaster Risk Reduction and Management Fund
Deferred Credits/Unearned Income

Deferred Finance Lease Revenue
Other Deferred Credits
Unearned Revenue - Investment Property
Other Unearned Revenue
29
ENTITY NAME
Amount
Provisions xxx
Pension Benefits Payable xxx
Leave Benefits Payable xxx
Retirement Gratuity Payable xxx
Other Provisions xxx
Other Payables XXX
Total Non -Current Liabilities XXX
Total Liabilities XXX
Net Assets/Equity
Equity XXX
Accumulated Surplus/(Deficit) XXX
Total Net Assets/Equity XXX
TOTAL LIABILITIES AND NET ASSETS/EQUITY XXX
30
Annex B

STATEMENT OF FINANCIAL PERFORMANCE
For theYear Ended December 31, 2014
Note Amount
Revenue
Tax Revenue 29 xxx
Service and Business Income 30 xxx
Shares, Grants and Donations 31 xxx
Gains 39 xxx
Total Revenue xxx
Less: Current Operating Expenses

Personnel Services 32 xxx
Maintenance and Other Operating Expenses 33 xxx
Financial Expenses 34 xxx
Direct Costs 35 xxx
Non-Cash Expenses 36 xxx
Total Current Operating Expens s xxx
Surplus/(Deficit) from Curren rations xxx
Net Financial Assistance/Subsidy 37 xxx

Sale of Assets 38 xxx
Gains 39 xxx
Losses 40 (xxx)
Surplus/(Deficit) for the period xxx
31
Annex B1
ENTITY NAME
DETAILED STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEAR ENDED DECEMBER 31, 2014
Amount
Revenue
Tax Revenue
Tax Revenue - Individual and Corporation
Income Tax xxx
Professional Tax xxx
Travel Tax xxx
Immigration Tax xxx
Tax Revenue - Property
Estate Tax xxx
Donors Tax xxx
Capital Gains Tax xxx
Tax Revenue - Goods and Services
Import Duties xxx
Excise Tax xxx
Business Tax xxx
Tax on Sand, Gravel and Other Quarry Products xxx
Tax on Delivery Vans and Trucks xxx
Tax Revenue - Others
Documentary Stamp Tax xxx
Motor Vehicles Users' Charge xxx
Other Taxes xxx
Tax Revenue - Fines and Pen
Taxes on Individual and Corporation xxx
Property Taxes xxx
Taxes on Goods and Services xxx
Other Taxes xxx
Total Tax Revenue xxx
Service and Business Income

Service Income
Permit Fees
Registration Fees
Registration Plates, Tags and Stickers Fees
Clearance and Certification Fees
Franchising Fees
Licensing Fees
Supervision and Regulation Enforcement Fees
Spectrum Usage Fees
Legal Fees
Inspection Fees
Verification and Authentication Fees
Passport and Visa Fees
Processing Fees
Fines and Penalties - Service Income
Other Service Income
Total Service Income XXX
Business Income
32
Annex B1
School Fees
Affiliation Fees
Examination Fees
Seminar/Training Fees
Rent/Lease Income
Communication Network Fees
Transportation System Fees
Road Network Fees
Waterworks System Fees
Power Supply System Fees
Seaport System Fees
Landing and Parking Fees
Income from Hostels/Dormitories and Other Like Facilities
Slaughterhouse Operation
Income from Printing and Publication
Sales Revenue
Less: Sales Discounts
Net Sales
Hospital Fees
Guarantee Income
Fidelity Insurance Income
Dividend Income
Interest Income
Share in the Profit of Joint Venture
Fines and Penalties - Business Income
Service Concession Revenue
Other Business Income
Total Business Income xxx
Shares, Grants and Dona

Share from National Wealth
Share from PAGCOR/PCSO
Share from Earnings of GOCCs
Grants and Donations

Income from Grants and Donations in Cash
Income from Grants and Donations in Kind
Total Shares, Grants and Donations
Gains
Gain on Initial Recognition of Biological Assets xxx
Gain on Sale of Biological Assets xxx
Gain from Changes in Fair Value Less Cost to Sell of Biological Assets xxx
Gain from Changes in Fair Value Less Cost to Sell of Biological Assets xxx
Gain on Sale of Agricultural Produce xxx
Total Gains xxx
Total Revenue xxx
33
Annex 81
Less: Current Operating Expenses

Personnel Services
Salaries and Wages
Salaries and Wages - Regular xxx
Salaries and Wages - Casual/Contractual xxx
Total Salaries and Wages xxx
Other Compensation
Personal Economic Relief Allowance (PERA) xxx
Representation Allowance (RA) xxx
Transportation Allowance (TA) xxx
Clothing/Uniform Allowance xxx
Subsistence Allowance xxx
Laundry Allowance xxx
Quarters Allowance xxx
Productivity Incentive Allowance xxx
Overseas Allowance xxx
Honoraria xxx
Hazard Pay xxx
Longevity Pay xxx
Overtime and Night Pay xxx
Year End Bonus xxx
Cash Gift xxx
Other Bonuses and Allowances xxx
Total Other Compensation xxx
Personnel Benefit Contrib

Retirement and Life Insurance Premiums xxx
Pag-IBIG Contributions xxx
Pag-IBIG Contributions xxx
PhilHealth Contributions xxx
Employees Compensation Insurance Premiums xxx
Provident/Welfare Fund Contributions xxx
Total Personnel Benefit Contributions xxx
Other Personnel Benefits

Pension Benefits
Retirement Gratuity
Terminal Leave Benefits
Other Personnel Benefits
Total Other Personnel Benefits
Total Personnel Services xxx
Maintenance and Other Operating Expenses

Traveling Expenses
Traveling Expenses - Local xxx
Traveling Expenses - Foreign xxx
Total Traveling Expenses xxx
Training and Scholarship Expenses

Training Expenses xxx
Scholarship Grants/Expenses xxx
Total Training and Scholarship Expenses xxx
34
Annex B1
Supplies and Materials Expenses

Office Supplies Expenses xxx
Accountable Forms Expenses xxx
Non-Accountable Forms Expenses xxx
Animal/Zoological Supplies Expenses xxx
Food Supplies Expenses xxx
Welfare Goods Expenses xxx
Drugs and Medicines Expenses xxx
Medical, Dental and Laboratory Supplies Expenses xxx
Fuel, Oil and Lubricants Expenses xxx
Agricultural and Marine Supplies Expenses xxx
Textbooks and Instructional Materials Expenses xxx
Military, Police and Traffic Supplies Expenses xxx
Chemical and Filtering Supplies Expenses xxx
Other Supplies and Materials Expenses xxx
Total Supplies and Materials Expenses xxx
Utility Expenses
Water Expenses
Electricity Expenses
Total Utility Expenses xxx
Communication Expenses
Postage and Courier Services xxx
. xxx
Telephone Expenses
Internet Subscription Expe xxx
Cable, Satellite, Telegraph and Radio Expenses xxx
Total Communication Expenses xxx
Awards/Rewards and Prizes

Awards/Rewards Expenses
Prizes
Total Awards/Rewards and Prizes xxx
Survey, Research, Exploration and Development Expenses

Survey Expenses xxx
Research, Exploration and Development Expenses xxx
Total Survey, Research, Exploration and Development Expenses xxx
Demolition/Relocation and Desilting/Dredging Expenses

Demolition and Relocation Expenses xxx
Desilting and Dredging Expenses xxx
Total Demolition/Relocation and Desilting/Dredging Expenses xxx
Generation, Transmission and Distribution Expenses

Generation, Transmission and Distribution Expenses xxx
Confidential, Intelligence and Extraordinary Expenses

Confidential Expenses xxx
Intelligence Expenses xxx
Extraordinary and Miscellaneous Expenses xxx
Total Confidential, Intelligence and Extraordinary Expenses xxx
35
Annex B1
Professional Services
Legal Services
Auditing Services
Consultancy Services
Other Professional Services
Total Professional Services xxx
General Services
Environment/Sanitary Services
Janitorial Services
Security Services
Other General Services
Total General Services xxx
Repairs and Maintenance

Repairs and Maintenance - Investment Property xxx
Repairs and Maintenance - Land Improvements xxx
Repairs and Maintenance - Infrastructure Assets xxx
Repairs and Maintenance - Buildings and Other Structures xxx
Repairs and Maintenance - Machinery and Equipment xxx
Repairs and Maintenance - Transportation Equipment xxx
Repairs and Maintenance - Furniture and Fixtures xxx
Repairs and Maintenance - Leased Assets xxx
Repairs and Maintenance - Leased Assets Improvements xxx
Restoration and Maintenance - Heritage Assets xxx
Repairs and Maintenance - Other Property, Plant and Equipment xxx
Total Repairs and Maintenance xxx
Taxes, Insurance Premiums andel r Fees

Taxes, Duties and Licenses xxx
Fidelity Bond Premiums xxx
Insurance Expenses xxx
Total Taxes, Insurance Premiums and Other Fees xxx
Labor and Wages

Labor and Wages xxx
Other Maintenance and Operating Expenses

Advertising Expenses xxx
Printing and Publication Expenses xxx
Representation Expenses xxx
Transportation and Delivery Expenses xxx
Rent/Lease Expenses xxx
Membership Dues and Contributions to Organizations xxx
Subscription Expenses xxx
Donations xxx
Litigation/Acquired Assets Expenses xxx
Other Maintenance and Operating Expenses xxx
Total Other Maintenance and Other Operating Expenses xxx
Total Maintenance and Other Operating Expenses xxx
Financial Expenses
Financial Expenses
Management Supervision/Trusteeship Fees xxx
36
Annex B1
Interest Expenses
Guarantee Fees
Bank Charges
Commitment Fees
Other Financial Charges
Total Financial Expenses xxx
Non-Cash Expenses
Depreciation
Depreciation - Investment Property
Depreciation - Land Improvements
Depreciation - Infrastructure Assets
Depreciation - Buildings and Other Structures
Depreciation - Machinery and Equipment
Depreciation - Transportation Equipment
Depreciation - Furniture, Fixtures and Books
Depreciation - Leased Assets
Depreciation - Leased Assets Improvements
Depreciation - Heritage Assets
Depreciation - Service Concession Assets
Depreciation - Other Property, Plant and Equipment
Total Depreciation
Amortization
Amortization - Intangible Assets
Impairment Loss
Impairment Loss - Financial Assets o Maturity
Impairment Loss - Loans and Receivab es
Impairment Loss - Lease Receivables
Impairment Loss - Investments in GOCCs
Impairment Loss - Investments in Joint Venture
Impairment Loss - Other Receivables
Impairment Loss - Inventories
Impairment Loss - Investment Property
Impairment Loss - Property, Plant and Equipment
Impairment Loss - Biological Assets
Impairment Loss - Intangible Assets
Impairment Loss - Investments in Associates
Impairment Loss - Other Assets
Total Impairment Loss xxx
Losses
Loss on Sale of Biological Assets
Loss on Sale of Agricultural Produce
Loss on Initial Recognition of Biological Assets
Total Losses
Total Non-Cash Expenses
Current Operating Expenses xxx
Surplus (Deficit) from Current Operations xxx
37
Annex 81
Financial Assistance/Subsidy from NGAs, LGUs, GOCCs

Subsidy from National Government xxx
Subsidy from other NGAs xxx
Assistance from Local Government Units xxx
Assistance from Government-Owned and/or Controlled Corporations xxx
Subsidy from Other Funds xxx
Total Financial Assistance/Subsidy from NGAs, LGUs, GOCCs xxx
Less: Financial Assistance/Subsidy to NGAs, LGUs, GOCCs, NGOs/POs

Subsidy to NGAs (for BTr only) xxx
Financial Assistance to NGAs xxx
Financial Assistance to Local Government Units xxx
Budgetary Support to GOCCs xxx
Financial Assistance to NGOs/POs xxx
Subsidies - Others xxx
Total Financial Assistance/Subsidy to NGAs, LGUs, GOCCs xxx
Net Financial Assistance/Subsidy XXX
Other Non-Operating Income

Sale of Assets
Sale of Garnished/Confiscated/Abandoned/Seized Goods and Properties xxx
Gains
Gain on Foreign Exchange (F(RREX xxx
Gain on Sale of Investments xxx
Gain on Sale of Investment Prope xxx
Gain on Sale of Property, Plant and Equipment xxx
Gain on Sale of Intangible Assets xxx
Other Gains xxx
Total Gains xxx
Losses
Loss on Foreign Exchange (FOREX) xxx
Loss on Sale of Investments xxx
Loss on Sale of Investment Property xxx
Loss on Sale of Property, Plant and Equipment xxx
Loss on Sale of Intangible Assets xxx
Loss on Sale of Assets xxx
Loss of Assets xxx
Loss on Guaranty xxx
Other Losses xxx
Total Losses xxx
Surplus (Deficit) for the period XXX
38
Annex C

STATEMENT OF CASH FLOWS
Note Amount
Cash Flows From Operating Activities
Cash Inflows
Receipt of Notice of Cash Allocation 29 xxx
Collection of Income/Revenues 30 xxx
Receipt of Assistance and Subsidy from Other NGAs, LGUs and GOCCs 31 xxx
Collection of Receivables 32 xxx
Receipt of Inter-Agency Fund Transfers 33 xxx
Receipt of Intra-Agency Fund Transfers 34 xxx
Trust Receipts 35 xxx
Other Receipts 36 xxx
Adjustments 37 xxx
Total Cash Inflows xxx
Cash Outflows xxx

Replenishment of Negotiated MDS Checks (for BTr) 38 xxx
Remittance to National Treasury 39 xxx
Payment ofExpenses 40 xxx
Purchase of Inventories 41 xxx
Purchase of Consumable Biological Ass s 42 xxx
Grant of Cash Advances 43 xxx
Prepayments 44 xxx
Refund of Deposits 45 xxx
Payment of Accounts Payable 46 xxx
Remittance of Personnel Benefit Contributions and Mandatory Deductions 47 xxx
Grant of Financial Assistance/Subsidy 48 xxx
Release of Inter-Agency Fund Transfers 49 xxx
Release of Intra-Agency Fund Transfers 50 xxx
Other Disbursements 51 xxx
Reversal of Unutilized NCA 52 xxx
Adjustments 53 xxx
Total Cash Outflows xxx
Net Cash Provided by (Used in) Operating Activities xxx
Cash Flows from Investing Activities xxx
Cash Inflows xxx

Proceeds from Sale of Investment Property 54 xxx
Proceeds from Sale/Disposal of Property, Plant and Equipment 55 xxx
Sale of Investments 56 xxx
Receipt of Cash Dividends 57 xxx
Proceeds from Matured/Return of Investments 58 xxx
Collection of Long-Term Loans 59 xxx
Proceeds from Sale of Other Assets 60 xxx
39
Cash Outflows
Purchase/Construction of Investment Property 61 xxx
Purchase/Construction of Property, Plant and Equipment 62 xxx
Investments 63 xxx
Purchase of Bearer Biological Assets 64 xxx
Purchase of Intangible Assets 65 xxx
Grant of Loans 66 xxx
Total Cash Outflows xxx
Net Cash Provided by (Used in) Investing Activities xxx
Cash Flows From Financing Activities
Cash Inflows
Proceeds from issuance of bills and bonds 67
Proceeds from Domestic and Foreign Loans 68
Cash Outflows
Payment of Long-Term Liabilities
Redemption of Bills/Bonds Issued
Payment of Interest Expense (BTR/NG Debt)
Total Cash Outflows
Net Cash Provided by (Used in) Financing Activities
Increase (Decrease) in Cash and Cash Equivalents
Effects of Exchange Rate Changes on Cash and Cash Equivalents
Cash and Cash Equivalents, January 1, 2014
Cash and Cash Equivalents, December 31, 2014
40
Annex C1
STATEMENT OF CASH FLOWS
Amount
Cash Flows From Operating Activities
Cash Inflows
Receipt of Notice of Cash Allocation xxx

Receipt of Notice of Cash Allocation xxx
Receipt of Notice of Transfer of Cash Allocation xxx
Receipt of NCA for Trust and other receipts XXX
Receipt of Working Fund for Foreign-Assisted Projects xxx
Collection of Income/Revenues xxx

Collection of tax revenue xxx
Collection of service and business income xxx
Collection of other income xxx
Receipt of shares, grants and donations xxx
Receipt of prior years' income xxx
Receipt of Assistance and Subsidy from Other NGAs, LGUs and GOCCs xxx
Subsidy from Other National Government Agencies xxx
Assistance from Local Government Units xxx
Assistance from Government-Owned and/or Controlled Corporations xxx
Collection of Receivables xxx

Collection of loans and receivables xxx
Collection of lease receivables xxx
Collection of receivable from audit disallowances xxx
Collection of other receivables xxx
Receipt of Inter-Agency Fund Transfers xxx

Receipt of cash for the account of NGAs/ GUs/GOCCs xxx
Receipt of funds for the implementa'tio projects from NGAs/LGUs/GOCCs xxx
Receipt of funds for other inter-agen nsactions xxx
Receipt of Intra-Agency Fund Transfers xxx

Receipt of funds from CO/Bureaus/ROs/Ous for implementation of programs/projects xxx
Receipt of working fund for foreign-assisted projects xxx
Receipt of funds for other intra-agency transactions xxx
Trust Receipts xxx

Receipt of Disaster Risk Reduction and Management Fund xxx
Receipt of bail bonds xxx
Receipt of guaranty/security deposits xxx
Receipt of customers' deposits xxx
Collection of other trust receipts xxx
Other Receipts xxx

Advance collection of income xxx
Receipt of deposits on Letter of Credits xxx
Receipt of refund of guaranty deposits xxx
Receipt of payment for liquidated damages xxx
Unused Petty Cash Fund xxx
Other deferred credits xxx
Refund of overpayment of Personnel Services xxx
Refund of overpayment of Maintenance and Other Operating Expenses xxx
Receipt of refund of cash advances xxx
Proceeds from terminated treasury bills xxx
Collection from trust receipts from entities other than NGAs/LGUs/GOCCs xxx
Other miscellaneous receipts xxx
Adjustments xxx
Restoration of cash for cancelled/lost/stale checks/ADA xxx
Restoration of cash for unreleased checks xxx
Other adjustments - Inflow xxx
41
Cash Outflows
Replenishment of Negotiated MDS Checks (for BTr) xxx
Remittance to National Treasury xxx
Payment of Expenses xxx

Payment of personnel services xxx
Payment of maintenance and other operating expenses xxx
Payment of financial expenses xxx
Payment of expenses pertaining to/incurred in the prior years xxx
Liquidation of prior year's cash advances xxx
Purchase of Inventories xxx

Purchase of inventories for sale xxx
Purchase of inventories for distribution xxx
Purchase of inventory held for consumption xxx
Purchase of raw materials inventory xxx
Purchase of Consumable Biological Assets

Purchase of livestock held for consumption/sale/distribution
Purchase of trees, plants and crops held for consumption/sale/distribution
Purchase of aquaculture
Purchase of other consumable biological assets
Grant of Cash Advances

Advances for operating expenses
Advances for payroll
Advances for special purpose/time-bound undertakings
Advances to officers and employees
Prepayments L xxx
Advances to Contractors for repair and maintenance of property, plant and equipment (not capitalize xxx
Prepaid Rent xxx
Prepaid Registration xxx
Prepaid Interest xxx
Prepaid Insurance xxx
Other Prepayments xxx
Refund of Deposits xxx

Payment of deposits on letter o s xxx
Payment of guaranty deposits xxx
Payment of other deposits xxx
Payment of Accounts Payables xxx
Remittance of Personnel Benefit Contributions and Mandatory Deductions

Remittance of taxes withheld not covered by TRA
Remittance to GSIS/Pag-IBIG/PhilHealth
Remittance of personnel benefits contributions
Remittance of other payables
Grant of Financial Assistance/Subsidy xxx

Subsidy to NGAs xxx
Grant of financial assistance to NGAs/LGUs/GOCCs xxx
Grant of financial assistance to NG0s/POs xxx
Payment of Internal Revenue Allotment xxx
Grant of other subsidies xxx
Release of Inter-Agency Fund Transfers xxx

Advances to Procurement Service xxx
Advances to other NGAs/GOCCs/LGUs for purchase of goods/services as authorized by law xxx
Release of funds to NGAs, GOCCs, LGUs for the implementation of projects xxx
Release of other inter-agency fund transfers xxx
Release of Intra-Agency Fund Transfers xxx

Issuance of Working Fund to foreign service posts and regional consular offices xxx
Issuance of NTCA by CO/ROs to ROs/OUs xxx
Issuance of funding checks by HO/CO/ROs to ROs/OUs xxx
Release of other infra-agency fund transfers xxx
Other Disbursements xxx

Refund of excess income xxx
42
Refund of excess Working Fund/fund transfers/Trust Fund XXX
Refund of bail bond XXX
Refund of guaranty/security deposits XXX
Refund of customers'deposit XXX
Refund of cash advances XXX
Other disbursements XXX
Reversal of Unutilized NCA XXX
Adjustments XXX
Reversion/Return of unused NCA XXX
Adjustment for dishonored checks XXX
Adjustment for cash shortage XXX
Reversing entry for unreleased checks in previous year XXX
Other adjustments - Outflow XXX
Total Cash Outflows XXX
Net Cash Provided by (Used in) Operating Activities XXX
Cash Flows from Investing Activities XXX
Cash Inflows
Proceeds from Sale of Investment Property XXX
Proceeds from Sale/Disposal of Property, Plant and Equipment XXX
Sale of Investments XXX
Proceeds from sale of stocks/bonds/marketable securities XXX
Sale of investment in joint venture XXX
Sale of investment in associates XXX
Sale of other investments XXX
Receipt of Cash Dividends XXX
Proceeds from Matured/Return of Investments XXX
Redemption of long term investments XXX
Proceeds from matured investments XXX
Proceeds from the return on investment in joint venture XXX
Proceeds from the return on investment in associates XXX
Collection of Long-Term Loan XXX
Repayment of long term-loan OCC/GFI XXX
Collection of long-term loans XXX
Proceeds from Sale of Other Assets XXX
Total Cash Inflows XXX
Cash Outflows
Purchase/Construction of Investment Property XXX
Purchase/Construction of Property, Plant and Equipment XXX
Purchase of land XXX
Payment for land improvements XXX
Construction of infrastructure assets XXX
Construction of buildings and other structures XXX
Purchase of machinery and equipment XXX
Purchase of transportation equipment XXX
Purchase of furniture, fixtures and books XXX
Payments for leased assets improvements XXX
Construction in progress XXX
Construction/Acquistion of heritage assets XXX
Purchase of other property, plant and equipment XXX
Payment of right-of-way XXX
Advances to contractors XXX
Payment of guaranty deposit XXX
Payment of retention fee to contractors XXX
Payment of other fees charged to the projects XXX
Payment of incidental expenses XXX
Payment for rehabilitation of property, plant and equipment (capitalized repair) XXX
Payment of accounts payable for the construction of property, plant and equipment XXX
43
Investments XXX
Investment in stocks/bonds/marketable securities XXX
Investment in GOCC/GFI XXX
Investment in joint venture XXX
Investment in associates XXX
Other long-term investments XXX
Purchase of Bearer Biological Assets XXX
Purchase of breeding stocks XXX
Purchase of livestock XXX
Purchase of trees, plants and crops XXX
Purchase of aquaculture XXX
Purchase of other bearer biological assets XXX
Purchase of Intangible Assets XXX
Purchase of computer software XXX
Purchase of other intangible assets XXX
Grant of Loans XXX
Release of funds for sub-loans XXX
Grant of loans XXX
Net Cash Provided By (Used In) Investing Activities XXX
Cash Flows From Financing Activities
Cash Inflows
Proceeds from issuance of bills and bond XXX
Proceeds from issuance of bill XXX
Proceeds from issuance of bonds XXX
Proceeds from Domestic and Foreign Loans XXX
Proceeds from issuance of notes payable XXX
Proceeds from domestic loans XXX
Proceeds from foreign loans XXX
Total Cash Inflows XXX
Cash Outflows
Payment of Long-Term Lia XXX
Payment of notes payable XXX
Payment of domestic loans XXX
Payment of foreign loans XXX
Payment of finance lease payable XXX
Payment of other long-term liabilities XXX
Redemption of Bills/Bonds Issued XXX
Payment for redemption of treasury bills XXX
Payment for redemption of bonds XXX
Payment of Interest Expense (BTR/NG Debt) XXX
Net Cash Provided By (Used In) Financing Activities XXX
Increase (Decrese) in Cash and Cash Equivalents XXX
Effects of Exchange Rate Changes on Cash and Cash Equivalents XXX
Cash and Cash Equivalents, January 1, 2014 XXX
Cash and Cash Equivalents, December 31, 2014 XXX
44
Annex D

STATEMENT OF CHANGES IN NET ASSETS/EQUITY
Accumulated
Surplus/
Note (Deficit)
Balance at January 1, 2014 xxx

Changes in accounting policy 73 (xxx)
Prior Period Adjustments/Unrecorded Income and Expenses 74 (xxx)
Other Adjustments 75 xxx
Restated balance xxx
Changes in Net Assets/Equity for the Calendar Year

Adjustment of net revenue recognized directly in net assets/equity 1 76 xxx
Surplus for the period xxx
Total recognized revenue and expense for the period xxx
Others 2 77 xxx
Balance at December 31, 2014 XXX
*1 - Net revenue deposited with the National Treasury (revenue including constructive receipt of income by DFA
and income of BIR remitted by agencies thru TRA)
*2 - Direct adjustments to Net Assets/Equity which are not revenue or expense (e.g. transfer of PPE from one
of the agency to another directly charged to Accumulated Surplus/(Deficit))
45
Annex E

STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNT
(in thousand pesos)
Actual
Difference
Budgeted Amount Amounts on
Particulars Note Final Budget
Comparable
and Actual
Basis
Original I Final
RECEIPTS
Tax Revenue 3.13 & 3_15 xxx XXX XXX XXX
Services and Business Income 3.14 & 3.15 xxx XXX XXX XXX
Assistance and Subsidy 3.13 & 3.15 xxx XXX XXX XXX
Shares, Grants and Donations 3.13 & 3.15 xxx )0(X XXX XXX
Gains 3.14 & 3.15 xxx XXX )0(X XXX
Other Non-Operating Income 3.15 xxx XXX XXX XXX
Other Non-Operating Receipts 3.15
Loan Proceeds 3.15 xxx xxx XXX xxx
Refund of Petty Cash and Advances 3.15 xxx xxx xxx xxx
Others 3.15 xxx xxx xxx xxx
Total Receipts xxx xxx xxx xxx
PAYMENTS
Personnel Services 3.15 xxx xxx xxx xxx
Maintenance and Other Operating Expenses 3.15 xxx xxx xxx xxx
Capital Outlay 3.15 xxx )0(X xxx xxx
Financial Expenses 3.15 xxx xxx xxx xxx
Other Disbursements 3.15
I
Loan Repayment 3.15 xxx xxx xxx xxx
Remittance to National Treasury 3.15 xxx xxx xxx )0(X
Others 3.15 xxx xxx xxx >30(
Total Payments xxx xxx xxx xxx
NET RECEIPTS/PAYMENTS XXX XXX XXX XXX
Certified Correct: Certified Correct:
Head of Budget Unit Head of Accounting Unit
46
Annex r
OBLIGATION REQUEST AND STATUS No.

Date:
Agency Fund:
Payee
Office
Address
1.1ACS Code/
Responsibility Center Particulars MFO/PAP Amount
Expenditure
Total
Certified: Charges to appropriationralloment B. Certified: Allotment available and obligated

necessary, lawful and under my direct supervision; and for the purpose/adjustment necessary as
supporting documents valid, proper and legal indicated above
Signature : Signature
Printed Name' Printed Name.
Position Position
Head, Requesting Office/Authorized
Representative . Head, Budget Unit/Authorized
t/Authorized Representative
Date Date
C. STATUS OF OBLIGATION
Reference Amount
Obligation Payment Not Yet Due Due and

Date Particulars ORS/JEWRCRADAI
U No.
Demandable
1/13 Obligation ORS No. 6-101-101-2014-01-01 50,000 50,000

1/22 Receipt of ITC Equipt JEV No.2014-01-012 (50,000) 50,000
1/28 Payment RCI No. 2014-01-028 44,000 (44,000)
1/31 Remittance of Wtax TRA No. 001 6,000 (6.000)
Totals 50,000 50,000
47
OBLIGATION REQUEST AND STATUS (ORS)
INSTRUCTIONS
A. The form shall be accomplished as follows: Box B Certification by the Head of Budget
Unit/Authorized Representative that allotment is
I. Serial No. - Number assigned to the ORS by the available for obligation based on the Registries of
Budget Section/Unit, as follows: Allotments, Obligations and Disbursements
011 00 1000 {)100 10 0)000 (RAODs) maintained.
I 1 Serial number (one series for Box C Status of Obligation. It shall serve as the
each year)
subsidiary record for obligations to be maintained
ll Month
by the Budget Unit.
Year
Nt VACS Funding Source Obligations shall be posted in the Obligation
Code Column and Not Yet Due and Demandable
Allotment Class Column based on ORS issued. A Notice of
I Personnel Services Obligation Request and Status Adjustment
2 Maintenance & Other (NORSA) shall be issued to the Budget Unit by
Operating Expenses the Accounting Unit for any correction made in
3 Financial Expenses
the ORS, as the basis of the Budget Unit in
4 - Direct Costs
effecting adjustment in the RAOD. Based on
(manufacturing and
trading) Journal Entry Voucher (JEV) drawn, services
6 - Capital Outlays rendered/goods delivered per Inspection and
2. Date Date of receipt Acceptance Report (EAR) shall be posted as
3. Fundthe fund code in which the obligation is addition to Due and Demandable Column and a
to be charged reduction to Not Yet Due and Demandable
Column. Amount of expenses paid shall be
NOTE: Items 1-3 shall be accomplished by the posted in the Payment Column based on JEV
Budget Unit upon receipt of contracts, purchase drawn and a reduction on Due and Demandable
orders, claim vouchers and other supporting column. The money columns shall be footed,
documents balances and ruled upon full payment/settlement.
4. Agency - name of the entity After every transaction, pencil footing shall be
5. Payee - Name of payee or creditor made to determine available balance. At the end
6. Office/Address - Name of the office/address of of the month, each column shall be footed to
payee/creditor arrive at the balances. When the obligation is
7. Responsibility Center Code of the cost center fully liquidated, any excess obligation shall be
where expenses shall be charged adjusted or negated both in the Obligation and
8. Particulars Brief description of the obligation Not Yet Due and Demandable columns.
requested code for
9. MFO/PAP Major Final Output or Pr9grat / C. ORS which have been fully liquidated or with zero
Activity/Project as shown in. balances shall be filed separately from those with
GAA/SARO/GARO balances.
10. Account Code the appropriate account code
according to the Revised Chart of Accounts in D. This form shall be prepared in three copies to be
which the object of obligation shall be charged distributed as follows:
I I Amount Amount of obligation
Original Budget Unit (as subsidiary record)
Duplicate Copy to be attached to the DV
B. The three sections of the ORS shall be accomplished Triplicate Copy Accounting Unit
as follows:
NOTE: Items A.4 to A.1 I shall be accomplished by
Box A Certification by the Head of Requesting the Head of Requesting Office/Authorized
Office/Authorized Representative that charges to the Representative upon submission of claim based on the
responsibility center are proper, necessary, and under Budget/Allotment Allocation of the Office received
his direct supervision. from the Budget Unit.
48
Annex G
BUDGET UTILIZATION REQUEST AND STATUS Na

Datei
Agency Fund:
Payee
Office
Address
Responsibility Center Particulars MFO/PAP HAGS Code Amount
Total
A. Certified: Charges to budget necessary, lawful B. Certified: Budget available and utilized
and under my direct supervision, and supporting for the purpose/adjustment necessary as
documents valid, proper and legal indicated above
Signature : Signature :
Printed Name: Printed Name:
Position Position
Head, Requesting Office/Authorized Head, Budget Unit/Authorized
Representative Representative
Date Date
C. STAT S OF OBLIGATION
Reference Amount
Utilization Payment Not Yet Due Due and

Date Particulars BURS/JEV/RCI, et
Demandable
1/13 Utilization HORS No.6-101-101-2014-01-0 50,000 50,000

1/22 Receipt of ITC Equipt JEV No.2014-01-012 (50,000) 50,000
1/28 Payment RCI No. 2014-01-028 44,000 (44,000)
1/31 Remittance of Wtax TRA No. 001 6,000 (6,000)
Totals 50,000 50,000 -
49
[MAW ITILIZATION REQUICS'l' AND ST 'US (DUDS)
INsTRtICHONS
A. The form shall be accomplished as follows:

I. Serial No. - Number assigned to the BURS by Box C Status of Utilization. It shall serve as the
the Budget Section/Unit, as follows: subsidiary record for budget utilizations to be
o tio0000 woo on 0000 maintained by the Budget Unit.
Serial number (one series Budget utilizations shall be posted in the

for each year)
Utilization Column and Not Yet Due and
10" Month
Demandable Column based on BURS issued. A
Year Notice of Budget Utilization Request and Status
HA GS Funding Source Adjustment (NBURSA) shall be issued to the
Code Budget Unit by the Accounting Unit for any
Allotment Class correction made in the BURS, as the basis of the
- Personnel Services Budget Unit in effecting adjustment in the RBI ID_
2 Maintenance & Other
Operating Expenses Based on Journal Entry Voucher ()EV) drawn,
3 - Financial Expenses
services rendered/goods delivered per Inspection
4 - Direct Costs
and Acceptance Report (IAR) shall be posted as
(manufacturing and
trading)
addition to Due and Demandable Column and a
6 - Capital Outlays reduction to Not Yet Due and Demandable
Date Date of receipt Column. Amount of expenses paid shall be posted
3 Fund - the hind code in which the obligation in the Payment Column based on JEV drawn and a
is to be charged reduction on Due and Demandable column. The
money enhimns shall be footed, balances and
NOTE: Items 1-3 shall be accomplished by the ruled upon full payment/settlement.
Budget Unit upon receipt of contracts, purchase
orders, claim vouchers and other supporting After every transaction, pencil footing shall be
documents made to determine available balance. At the end
of the month, each column shall be footed to
4. Agency - name of the entity arrive at the balances. When the utilization is
5. Payee - Name of payee or creditor fully liquidated, any excess balance shall be
6. Office/Address - Name of the office/address adjusted or negated both in the Utilization ((Armin
of payee/creditor and Not Yet Due and Demandable column.
7_ Responsibility Center - Code of the cost
center where expenses shall be charged C. BURS which have been fully liquidated or with
8_ Particulars - Brief description of the zero balances shall be filed separately from those
Obligation requested code for with balances.
9. MFO/PAP Major Final Output or Program/
Activity/Project as shown in the Approve D. New BURS shall be prepared/ issued for additional
Budget utilization.
10. Account Code the appropriate account cc
according to the Revised Chart of Accounts in E. 'Ibis form shall be prepared in three copies to be
which the object of obligation shall be charged distributed as follows:
I I Amount Amount of utilization
Original Budget Unit (as subsidiary record)
B. The three sections of the BURS shall be Duplicate Copy to be attached to the DV
accomplished as follows: triplicate Copp Accounting Hutt
Box A Certification by the Head of Requesting

Office/Authorized Representative that charges to NOTE: Items A.4 to A.11 shall be accomplished
the responsibility center are proper, necessary, and by the Head of Requesting Office/Authorized
under his direct supervision. Representative upon ,submission of claim based on
the Approved Budget received 'nom the Budget
Box B Certification by the Head of Budget Unit.
Unit/Authorized Representative that budget is
available for utilization.
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Reference
REGISTRYOF REVENUE AND OTII ER RECEIPTS
(RI2012)
INSTRUCHONS
A. This form shall be accomplished as follows:
1. Agency - the name of the entity

2. Fund Cluster Code - the hind cluster code based on the Unified Accounts Code
Structure
01 Regular Agency Fund
02 Foreign Assisted Projects Fund
Special Accounts Funded / Domestic
03 Grants Fund
Special Accounts - Foreign Assisted / Foreign
04 Grants Fund
05 Internally Generated Funds
06 Business Related Funds
07 Trust Receipts/Inter-Agency Transferred Funds
3. Sheet No. - sheet number which shall be one series for each year
4. Date-the date of recording
5. Reference the report number of the Report of Collections and Deposits, the
Cash Receipts Register, or the Journal Entry Voucher Number.
6. UACS Code - the object code provided in the -MACS Manual and in accordance
with the Revised Chart of Accounts
7. Estimated Revenue the amount of estimated revenue as reflected in the
approved budget/other relevant document of the entity
8. Revenue Collections the amount of collections received from revenue
transactions. In the case of collections for the General Fund, revenue
collection is further divided to tax and non-tax.
9. Non-Revenue Collections the amount of collections received from revenue
transactions and other receipts (example is refund from overpayment of
expenses)
10. Cumulative Revenue/Other Receipts the sum of the revenue collections and
non-revenue collections
11. Variance (Estimated Revenue r Cumulative Revenue and Other
Receipts) the difference between the estimated revenue over the actual
revenue collections and other receipts.
12. Remittance to 'far the amount of collections remitted to the Bureau of the
Treasury
13. Deposit with AGDB/AABs the amount of collections deposited with the
Authorized Government Depository Banks/Accredited Agent Banks
14. Cumulative Remittances and Deposits -- the sum of the remittances to the
Bureau of the Treasury and the deposits with AGDBs/AABs
15. Unremitted/ Undeposited Revenue and Other Receipts the difference
between the total of the revenue collections and other receipt and the total
remittances to BIr and deposits with AGDB.
B. This Summary shall be kept by the Budget Unit for each of the fund clusters maintained
by the entity.
52

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Tax Revenue Collections
Estimated
CI
Reference Income Tax Tax
Profess ional Immigration Tax
Pt:wanlia
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Amin_ t tt
REGISTRY OF REVENUE AND OTHER RECEIPTS

(Regular Agency/Foreign Assisted Projects Fund)
INSTRUCTIONS
A. 'this form shall be accomplished as follows:
I Name of Agency the name of the department/agency/bureau/entity.

2. Fund Cluster Name and Code name of the fund cluster and code based on the
UACS manual
3. Sheet No. sheet number which shall be one series for each year
4. Datethe date of recording
5. Reference the number of the source documents such as the approved
budget/other document, number of the KCDs, the CRReg, or the
6. Estimated Revenue the estimated revenue per approved budget/other
doucment of the entity
transactions by account. In the case of collections for the Regular
Agency/Foreign Assisted Projects Fund, revenue collections are classified as
follows:
Tax Revenue Collections includes income tax, professional tax, travel
tax, immigration tax.
Non-Tax Revenue Collections includes permit fees, registration fees,
registration plates, lags and sticker lees, clearance and certification
fees, franchising fees.
8. Non-Revenue Collections the amount of collections other than the collections
received from revenue transactions (example is refund from overpayment of
expenses) by account.
non-revenue collections u
I 0. Remittance to BTr the amour collections remitted to the BTr
I I. Deposit with AGDB/AABs amount of collections deposited with the
AGITBs/(AABs
12. Cumulative Remittances and Depositsthe sum of the remittances to the 1311
and the deposits with AGDI3s/AABs
13. Unremitted/ Undeposited Revenue and Other Receipts the difference
between the total of the revenue collections/other receipt and the total
remittances to BTr and deposits with AGDI-3.
B. Blank columns are intended for collections other than the collection that columns were
specifically provided.
C [his shall be maintained by the Budget Unit of the entity for the following fund clusters:
1. Regular Agency Fund
2. Foreign Assisted Projects Fund
56
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go201020) (40201050) Cash ofExpenses
(40401010)
(40402010)
..._
n
(Special Accounts Locally/Foreign Funded)
INSTRIK :TIONS
A This form shall be accomplished as follows:
1. Name of Agency the name of the department/agency/bureau/entity

2. Name of Fund Cluster and Codethe name and code of the fund cluster based
on the VACS
3. Sheet No. sheet number which shall he one series for each year
5. Referencethe number of the I2CD, the CRReg, or the JEV.
6. Estimated Revenue the amount of estimated revenue per approved
budget/document of the entity
transactions. Permit Fees, Registration Fees, Franchising Fees, Share from
National Wealth, Income from Grants and Donations in Cash, Interest
Income are examples of revenue collected by an entity under the Special
Account in the General Fund.
8. Non-Revenue Collections the amount of collections other than the collections
received from revenue transactions (example is refund from overpayment of
expenses)
non-revenue collections. It is computed as Column (a) plus Column (b).
10. Remittance to BTr the amount of collections remitted to the BTr
11. Deposit with AGDB/AABs the 1amount of collections deposited with the
AGDI3s/AABs
12. Cumulative Remittances andre tsits the sum of the remittances to the BTr
and the deposits with AGDI3s/AABs
C. This shall be maintained by the Budget Unit of the entity for t h e following fund clusters:
1. Special Accounts - Locally Funded/Domestic Grants Fund
1 Special Accounts - Foreign Assisted/Foreign Grants Fund
58
Revenue Collections Non-Revenue Collections (6)
P
E
r3
car;
02
p
2
>w re
7 ii;
s
ce
td
2
Seminar and
17, . E
f'
in re
Permit Fees School Fees
1I
-6"
ce
ll
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0, CC

Training Fees
t a ceZ
(40201010) (40202010)
wE ..,2. 5' 6 2'a
c'
7' w E :a.'
s' 8 21
i E Fa
(40202040)
.
s
Annex Hi

(Internally Generated Funds/Retained Income Funds;
Business Related/Revolving Fund)
INSTRUCTIONS
A. [his form shall be accomplished as follows:

I. Name of Agency the name of the agency/entity
2. Name of Fund Cluster and Code the name and code of the fund cluster based
on the VACS
5. Reference the number of the RCD, the CRReg, or the MN.
6. Estimated Revenue the amount of estimated revenue per approved
budget/document of the entity
transactions. Permit Fees, School Fees, Seminar and Training Fees,
Rent/Lease Income, Income from Grants and Donations in Cash are examples
of revenue collections for entities with internally generated funds/retained
income funds and business related/revolving 11111d.
8. Non-Revenue Collections the amount of collections other than the receipts
from revenue transactions (example is refund from overpayment of expenses)
non-revenue collections. It is computed as Column (a) plus Column (h).
10.Variance (Estimated Revenue over Cumulative Revenue/Other Receipts) - -
the difference between the estimated revenue over the actual revenue
collections and other receipts.
I I Remittance to BTr the collect emitted to the Rift-
12 Deposit with AGDB/AABs the collections deposited with the AGIA3s/AAtis
13. Cumulative Remittances and Deposits the stun of the remittances to the
Bureau of the Treasury and the deposits with AtiDBs/AABs
14. Unremitted/thadeposited Revenue and Other Receipts the difference
between the total of the revenue collections and other receipt and the total
remittances to BTr and deposits with AGDB.
C. This shall be maintained by the Budget Unit of the entity for the following fund clusters:
I Internally Generated Funds
2. Business Related Funds
60
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Annex 1-1L
REGISTRY OF TRUST RECEIPTS/

INTER-AGENCY TRANSFERRED FUNDS
INSTRUCI7ONS
1. Name of Agency the name of the department/agency/bureau/entity.

2. Fund Cluster Name and Code name of the Mud cluster and code based on the
VACS manual
5. Reference the number of the source documents such as the approved
budget/other document, number of the RCDs, the CRReg, or the JEV.
6. Estimated Trust Receipts the estimated amount of trust receipts/inter-agency
transferred funds per approved project plan/agreement/other documents of
the entity
7. Collections/Receipts includes collections of revenue/other
receipts/constructive receipts of revenue from the accounts Due to NGAs,
Due to GOCCs, Due to LGUs, Trust Liabilities. The blank columns arc
intended for other receipts not distinctively identified.
8. Variance (Estimated Trust Receipts over Total Collections) - the difference
between the estimated trust receipts over the total collections and other
receipts.
9. Remittance to tar the collections remitted to the I3Tr
10. Deposit with AGDB/AABs -- the collections eposited with the AGD13s/AABs
11. Cumulative Remittances and Depos the sum of the remittances to the
Bureau of the Treasury and the de with AGDBs/AABs
12. Unremitted/Undeposited Collections/Receipts the difference between the
total of the collections/receipt and the total remittances to Ear and deposits
with AGDB.
B. Blank columns are intended for receipts that columns were not specifically provided.
C. This shall be maintained by the Budget Unit for the Trust Receipts/Inter-Agency
Transferred Funds (IATF) fund cluster.hM
62
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Adjustment's on Appropriation s
a
App ropriations
0
Maintenance a nd
E
Maintenance and
Cap ital Outlays Personnel Other Operating Financia l Capita l Outlays
0 2
Personnel Other Operating Financia l

< a
a
IL
a
a
2
a.
c[
w
0
a
0
0
0
Services (PS) Expenses Expenses (FE) (CO) Services (PS) Expenses Expenses (FE) (CO)
o
Sii
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(MODE(
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(MOOS)
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8)
4)
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(6)
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Adjustme nt's on Allotments

21
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Personnel Services Expenses

Financial Personnel Services Financial Expenses
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42
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Other Op erating Capita l Outlays ( CO) Other Op erating Capita l Outlays (00)
'Li
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<
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(FE)
1
(PS) (FE) (PS)
re
0
Expenses ( MODE) Expenses (14 000)
C[C' d
(25) (27) (28) (29) (31. (32) (33) (34)
1-
e
Annex I
REGISTRY OF APPROPRIATIONS AND ALLOTMENTS (RAPAL)
INSTRUCTIONS
A. this form shall be accomplished as follows:
1 Name of Agency - name of the agency/entity

2. Fund Cluster the fund cluster code in accordance with the Unified Accounts Code
Structure
03 Special Account - Locally Funded
04 Special Account - Foreign Assisted / Grant
3. Sheet No. -- sheet number which shall he one series per year
4. Date date of recording
5. Reference - Date the date/year of the appropriations law/other authority and the allotment
release documents such as: General Appropriations Act (GAA), Supplemental
Appropriation (SA), Special Allotment Release Order (SARO) and General Allotment
Release Order (CARO), etc.
6. Reference GAA/GARO/SARO No. - the serial number of the General Appropriations Act
(GAA) for comprehensive release, Special Allotment Release Order (SARO) and General
Allotment Release Order (GARO)
7. M FO/ PAP - code for major final output (MFO) and Program/Activity/Project (PAP) of the
entity per GAA/SARO/ GARO
8. Appropriations - Personnel Services (PS), Maintenance and Other Operating Expenses
(MOOE), Financial Expenses (FE) and Capital Outlay (CO) amounts of approved
appropriation for each allotment class
9. Total Appropriationsthe sum of the appropriation columns for PS, MODE, FE and CO
10. Adjustment/s on Appropriations -- amount of the adjustment on the appropriation like
realignment, transfers (to and from), withdrawals, and other adjustments based on SARO,
and other authorities. '
11. Total Adjustment/s on Appropriations -- the s he Adjustment/s on Appropriation/s
columns
12. Adjusted Appropriations amount of appropriation by allotment class after taking effect
the adjustments
13 Total Adjusted Appropriationsthe sum of the Adjusted Appropriation columns
14. Allotments - Personnel Services (PS), Maintenance and Other Operating Expenses
(MOOE), Financial Expenses (FE) and Capital Outlay (CO) amount of allotment
released per GAA/SARO/GARO for each allotment class (PS, MOOS, FE and CO)
15. Total Allotments -- the sum of the allotment columns
16. Adjustment/s on Allotments amount of adjustments on allotments per allotment class
based on SARO, and other authorities.
17. Total Adjustment/s on Allotmentsthe sum of the adjustment/s on allotments columns
18. Adjusted Allotments amount of allotment atter taking effect the adjustment
19. Total Adjusted Allotments -- the sum of the Adjusted Allotment columns
20. Unreleased Appropriations running balance of appropriations or the unalloted
appropriation balance (Adjusted Appropriation Less Adjusted Allotment)
21. Total Unreleased Appropriations the sum of the Unreleased Appropriations columns
13. This Registry shall be maintained by fund cluster by the Budget Unit of each government entity to
ensure that allotment releases are within the authorized appropriation. Separate registry shall he
iaintained for prior year's appropriations.
66
a)
L
d
N
O
2
w
Q
m
ct
F-
C
C
_J
_J
0
C
N
5
)- :et
F. co
N. 2
0E
Z
Name of Agency
`
O
LL
S
Fund Cluster
0
0
(0
Reference UnpaidObligations
UACSObject
Unobligate
a
....0e
Code/ Allotments Obligationsd Disbursements
Allotments Due a nd Not YetDue and
Date Serial Number Expenditure
Demanda ble Demandable
Annex J
REGISTRY OF ALLOTMENTS, OBLIGATIONS AND DISBURSEMENTS
INSTRUCTIONS
I. Entity Name name of the entity

2. MFO/PAP the code for Major Final Output (MFO) or Program/Activity/Project
(PAP) as shown in the GAA/SARO/GARO
3. Fund Cluster the fund cluster code based on the Unified Accounts Code Structure
03 Special Account - Locally Funded
04 Special Account - Foreign Assisted / Grant
05 Internally Generated Income
06 Business Type Income
07 Trust Fund
4. Sheet No. sheet number which shall be one series per year
5. Date the date of recording
6. Reference Date the date of the reference document
7. Reference Serial Number- the number of the General Appropriations Act
(GAA)/General Allotment Release Order (GARO)/Special Allotment Release
Order (SARO)/Obligation Request and Status (ORS)/Reports of Checks Issued
(RCI)/Report of Advice to Debit Account Issued (RADAI)/ Tax Remittance
Advice (TRA)/Journal Entry Voucher (JEV)/ Notice of Obligation Request and
Status Adjustment (NORSA) with the original ORS number adjusted
8. UACS Object Code/Expenditures the expenditure code based on the UACS
9. Allotments amount of allotment received based on the General Appropriations Act
(GAA)/General Allotment Release r er (GARO)/Special Allotment Release
Order (SARO)/Tax Remittance e (IRA), etc. including adjustments on
allotments based on SARO, and oth r obligational authorities. The amount herein
should always tally with the corresponding allotment in the RA PAL.
10. Obligations amount of obligation incurred based on the approved Obligation
Request and Status (ORS) and adjustments based on Notice of Obligation Request
and Status Adjustment (NORSA) supported by pertinent documents
I 1 . Unobligated Allotments balance of available allotment that can still be obligated
(Allotments less Obligations)
12. Disbursements actual amounts paid based on RCI/RADAI/TRA/JEV including
adjustments thereto supporting by pertinent documents
13. Unpaid Obligations Due and Demandable - balance of obligation with delivered
goods and services but not yet paid (Payable less Disbursement)
14. Unpaid Obligations - Not Yet Due and Demandable the amount of obligations
without delivered goods and services (Obligations less Payable)
B. This Registry shall be maintained by the Budget Unit of each entity.
C. The RAOD shall be maintained by fund cluster, by Major Final Output (MFO) or
Program/Activity/Project (PAP), and by allotment class.
D. Separate Registry shall be maintained for Overdraft/Obligations Incurred in Excess of

Allotment and for continuing appropriations (unreleased and unobligated allotments).
68
REGISTRY OF BUDGET. UTILIZATION A ND DISBURSEMENTS
Name of Agency
Unpa id Utilization
U
C
V.
0
UACS Object Unutilized
0
0
=
=
Code/ Budgeted Amount
BudgetedAmount Due and NotYet Due and
Date Serial Number Expenditure Demandable
Demanda ble
Annex K
REGISTRY OF BUDGET, UTILIZATION AND

DISBURSEM ENT
(RBUD)
INSTRUCTIONS
I. Name of Agency - name of the agency/entity

2. Fund Chaster the fund cluster code based on the Unified Accounts Code
Structure
03 - Special Accounts - Locally Funded / Domestic Grants Fund,
specifically for income collections of agencies constituted as special
accounts
05 - Internally Generated Funds
06 - Business Related Funds, and
07 - Trust Receipts/Inter-Agency Transferred Fund (IATF).
3. Sheet No. -- sheet number which shall be one series per year
4. Date the date of recording
5. Reference - Date - the date of the reference date
6. Reference Serial No. -- the serial number of the Budget Utilization
Request and Status (BURS)/Reports of Checks Issued (RCO/Report
of Advice to Debit Account (RADAI)/Tax Remittance Advice
(TRA)/Notice of Budget Utilization Request and Status Adjustment
(NBURSA)/Journal Entry Voucher (JEV)
7. -VACS Object code/Expenditure -- the expenditure code based on the
VACS Manual
8. Budgeted Amount the amount of approved budget and any
supplemental/ additional budget as of a given date
9. Utilization the amount of utilized budget/commitment made based on the
approved BURS supported by pertinent documents
10. Unutilized Budgeted Amount t le amount of budget still available for
utilization (Budgeted Pad t less Utilization)
1 I Disbursement the actual nt paid based on the Reports of Checks
Issued and Journal Entry Vouchers
12. Unpaid Utilization Due and Demandable balance of budget
utilization with goods delivered and/or services rendered yet to be paid
(Payable less Disbursement)
13. Unpaid Utilization -- Not Yet Due and Demandable the amount of
budget utilization without goods delivered and/or services rendered
(Utilizations less Payable)
B. This Registry shall be maintained by the Budget Unit of each entity
C. The RUUD shall be maintained by fund cluster and by Major Final Output
(MFG) or Program/Activity/Project (PAP) and by budget classification.
D. Separate Registry shall be maintained for Overdraft/Utilizations Incurred in

Excess of Budgeted Amount.
rt.
70
Appendix A
Agency Letterhead
STATEMENT OF MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL STATEMENTS
(Name of Department/Agency) is
The management of
responsible for all information and representations contained in the accompanying Statement
and the related Statement of Financial
of Financial Position as of
Performance, Statement of Cash Flows, Statement of Comparison of Budget and Actual
Amounts, Statement of Changes in Net Assets/Equity and the Notes to Financial Statements for
the year then ended. The financial statements have been prepared in conformity with the
Philippine Public Sector Accounting Standards and generally accepted state accounting
principles, arid reflect amounts that are based on the best estimates and informed judgment of
management with an appropriate consideration to materiality.
In this regard, management maintains a system of accounting and reporting which provides for
the necessary internal controls to ensuretha transactions are properly authorized and
recorded, assets are safeguarded against thorized use or disposition and liabilities are
recognized.
Chief, Financial and Management Office/ Head of Agency/

Comptroller Authorized Representative
Date Signed Date Signed
71

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REPUBLIC OF THE PHILIPPINES

CIRCULAR No. : 2015-002

T0 : All Heads of Departments, Bureaus, Offices, Agencies and Instrumentalities

SUBJECT: Supplementary guidelines on the preparation of financial statements and

The Unified Accounts Code Structure (UACS), a government-wide coding

1.3 implementation of the PPSASs in accordance with the IPSASs transitional

3.3 GOCCs - refers to any agency organ s a stock or nonstock corporation,

a. Statement of Financial Position (Annexes A and Al)

a. Regular Agency Fund

a. Obligation Request and Status (ORS)

4.9 The guidelines on the implementation of PPSAS transitional provisions under

5.0 SPECIFIC GUIDELINES

5.3 The Statement of Management Responsibility (Appendix A) shall be attached to

5.4 To serve as guide to preparers of financial statements, a basic model or pro-forma

1. Regular Agency Fund consisting of:

a. General Fund New General Appropriations

2. Foreign Assisted Projects Fund consisting of:

3. Special Accounts - Locally Funded/Domestic Grants Fund

4. Special Accounts - Foreign Assisted/Foreign Grants Fund

5. Internally Generated Funds (Off-Budgetary Funds Retained

6. Business Related Funds

7. Trust Receipts/Inter-Agenc nsferred Fund (IATF)

a. Obligation Request and Status (Annex F)

1. This form shall be used for:

a. Regular Agency Fund,

2. The ORS shall be prepared by the Requesting/Originating Office based on

3. The Funding Source Code segmented by Fund Cluster, Fund

4. Section C of the ORS shall serve as a subsidiary record for obligation to be

b. Budget Utilization Request and Status (Annex G)

1. This form shall be used for:

a. Special Accounts - Loca nded/Domestic Grants Fund, specifically

2. This shall be prepared by the Requesting/Originating Offices based on

3. Section C of the BURS shall serve as a subsidiary record for budget

d. Registry of Appropriations and Allotments (Annex I) - This shall be

1. Regular Agency Fund,

e. Registry of Allotments, Obligations and Disbursements (Annex J) - This shall

1. Regular Agency Fund,

f. Registry of Budget, Utilization and Disbursements (Annex K) - This shall be

6.0 GUIDELINES ON THE IMPLEMENTATION OF PPSASs TRANSITIONAL PROVISIONS

a. Presentation of Financial Statements (PPSAS 1)

1. Considering the significant changes in the accounting policies as a result

2. The effects of the changes in the accounting policies/estimates for all

3. However, agencies may prepare comparative FS with proper disclosure, if

c. Consolidated Financial Statements (PPSAS 6) and Interests in Joint Venture

d. Leases (PPSAS 13)

2. The entity shall recognize a lease classified as a finance lease

3. However, if an entity do t have the information necessary to apply

b. Recognize the asset and liability related to the lease classified as

1. The entity shall recognize the effect of the initial recognition of

2. The entity shall also recognize the accumulated depreciation and

3. If the investment property is an existing asset or was previously

f. Property, Plant and Equipment (PPSAS 17)

a. An entity shall recognize the cost and the related accumulated

b. If not practicable, thee IJlternative approach of depreciated

c. The estimated life of the public infrastructure assets shall be 20-40

d. The effect on the recognition of the public infrastructure assets shall

e. Starting January 1, 2014 an entity is allowed up to five years to fully

2. PPE controlled but not owned by the entity

b. If no documents are available, an entity shall recognize the cost of

c. For PPE acquired in an exchange of asset, initial measurement shall

The cost of such an item of PPE is measured at FV unless (a) the

The acquired item is me iftd in this way even if an entity cannot

If the acquired item is not measured at FV, its cost is measured at